Mortgage Industry

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Rates Shoot Dangerously High After Fed Said Rates Would Hold; What Gives?

I spent ALL morning thinking about chunky highlights; gaucho pants; “wide-ass belts"; swoopy, floppy hair; wide headbands – and many other things that were cool in 2007, but aren't cool now! My...

September 21, 2023 4 min read
Rates Shoot Dangerously High After Fed Said Rates Would Hold; What Gives

All The Loans Banks Don’t Have: Non-QM, No Income Verification, Rental Income Only, Bank Statement, Hard Money, & Renovation

I am blogging about Non-QM and other unusual loan products again because a borrower came to us recently after being told by a commercial bank that there were no mortgage options for him because he...

September 18, 2023 4 min read
All the Loans Banks Don't Have

Busting the Employment Myth! Assumability Part II

Unemployment ALWAYS bottoms out right before we enter into recessions, and then surges after we are in a recession.

September 15, 2023 4 min read
Busting the Employment Myth! Assumability Part II

VA Loans vs. USDA Home Loans

Are you in the market for a new home and wondering which mortgage option suits you best? VA loans and USDA home loans both offer unique benefits for homebuyers. In this comprehensive guide, we'll...

September 14, 2023 8 min read
VA Loans vs. USDA Home Loans

Goldman Sachs: “Only 15% Chance of Recession in 2024” WHY???

Gammon shreds all of Goldman’s assertions in his video, reminding us that Goldman completely missed the 2008 financial crisis with its previous predictions, as well as the inflation runup we just...

September 7, 2023 4 min read
Goldman Sachs Only 15% Chance of Recession in 2024 WHY

Will Housing Prices Drop In 2024?

RFK says that 3 giant corporations (BlackRock, Vanguard and State Street) will own 60% of America’s single-family homes by 2030, if they continue their buying trajectory. So, that huge amount of...

September 6, 2023 7 min read

Why So Many Lenders Have Rates Below the National Average (it’s not what you think)

We got the JOLTS report yesterday and the ADP report today, and among other things, we are seeing: (1) slower job creations; (2) the creation of part-time jobs instead of full-time jobs, making new...

August 30, 2023 5 min read
Why So Many Lenders Have Rates Below the National Average (it’s not what you think)

A Crashing Mortgage Industry, Led By Better Mortgage; Uh Oh…

Better Mortgage dominated the refi market for years all the way through COVID by pretty much giving away loans in order to capture market share – like so many tech firms do. And … it didn’t...

August 25, 2023 4 min read
A Crashing Mortgage Industry, Led By Better Mortgage; Uh Oh…

Massive Housing Shortage NOT Caused By Conspiracy! Rates Finally Fall – But Not For Long

Rates Finally Fell – A Lot – But Not For Long Rates finally fell today in response to jobs report revisions and negative economic news out of Europe. On the […]

August 23, 2023 3 min read

Rates Hit New Record Highs; China’s Demise Part II – What To Do?

The Ten Year Treasury Yield hit its highest level since 2007! Here are some of the reasons: Waiting On The Fed. Bond prices fell and yields/rates rose, as investors are anxiously waiting […]

August 21, 2023 5 min read
Rates Hit New Record Highs; China’s Demise Part II – What To Do

California’s Premier Hard Money and Private Money Experts!

Boasting an approximate population of forty million, California stands as a substantial state harboring some of the nation's largest urban centers, including but not limited to Los Angeles, San...

August 18, 2023 6 min read
Hard Money Lender in California

China’s Collapse Is Here – And It Will Be Brutal!

Japan’s Still Not Back To 1989! Japan’s primary stock market index (the Nikkei 225) peaked in late 1989 at almost 39,000. 30 years later, the closest the Nikkei has come […]

August 16, 2023 5 min read
China's Collapse Is Here - And It Will Be Brutal!

What Happened To The Jumbo Loan Market? Why You Should Be Worried!

Agents and loan officers dependent upon jumbo mortgages should be worried – very worried! But, before I explain why, I want to touch on rates today, as they are lower […]

August 10, 2023 5 min read

Watch Out For Jobs Reports & Why Janet Yellen Drives Analysts Crazy!

The Big Drop in Rates Will Come When We Get a Negative Jobs Report The big move in interest rates that everyone is expecting at some point will very likely […]

August 4, 2023 3 min read
Watch Out For Jobs Reports & Why Janet Yellen Drives Analysts Crazy!
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