RECENT BLOG POSTS
I have been with First Priority Financial since February of 2007, when I experienced the credit crisis. It hit me a little earlier when overnight my primary lender shut down and I had gone from have 5 in the pipe to zero overnight. My brokerage I was with was never going to make it and I knew ...
12/16/2009
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High LTV loans have pretty much gone by the wayside unless we are speaking of government lending programs since the big SubPrime/Alt A crash of August 2007. Declining markets and a lack of funding sources have definitely helped slow down the lending markets. As of October 30thFirst Priority Fin...
12/10/2009
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As of December 12th 2009 Fannie Mae drops its back end qualifying ratio to 45%. What does this mean? Well, a "back end ratio" is the total of all credit card, home and auto loan, student loan, and perhaps any collections divided by your gross income. Currently I have funded a file in 2009 with...
12/08/2009
After attending a recent marketing event discussing 2.0 and blogging I definitely came away with a lot of insight and even better, confidence with my marketing plan over the past two years. You see, I am an independent mortgage consultant in a small town that has basically two other independents....
12/06/2009
The Census Bureau and the Department of Housing and Urban Development today released New Home Sales survey data for September 2009. The survey is primarily based on a sample of houses selected from building permits. Since a "sale" is defined as a deposit taken or sales agreement signed, this can ...
10/29/2009
08/18/2009