Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2017 

Many banks allows non owner occupied co-borrowers.  Normally, however, there are limitations on how much of the total income allowed can be theirs.  A new program I just received allows fully blended ratios with a Non-occupant Co-borrower.  It also allows unlimited cash out, delayed financing, in...
08/31/2017
I now offer a program for sell-employed borrowers.  We all know that the profits from self employed enterprises can ebb and flow just like major corporations do.  For that reason, I have an investor that instead of asking for two years of tax returns, requires only one.  Let's say that Bob's Elec...
08/31/2017
We had our regularly scheduled National Sales Meeting yesterday.  The meeting is used as a forum to introduce updated marketing materials, changes in underwriting and processing procedures and among many other items new mortgage programs.  A new investor rolled out programs for non-traditional bo...
08/31/2017
Mortgage backed securities (MBS) were up 6 basis points today at 103.59 having come to rest 102 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midwes...
08/31/2017
Mortgage backed securities (MBS) were down 3 basis points today at 103.53 having come to rest 96 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midwe...
08/30/2017
Mortgage backed securities (MBS) were up 9 basis points today at 103.53 having come to rest 96 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midwest...
08/29/2017
There are many opportunities currently in the world of commercial real estate.  We have just opened a Multi family division dedicated to providing loans for a broad range of loan amounts.  Currently we have a $150,000 to $2,000,000 product, another for $1,000,000 to $7,500,000 and a third for $2,...
08/28/2017
Mortgage backed securities (MBS) were up 9 basis points today at 103.44 having come to rest 86 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midwest...
08/28/2017
Janet Yellen was about as silent about interest rates and the economy as a stealth bomber is invisible on radar.  She did speak, however, of the merits of the new programs and restrictions that were put into place in the wake of the 2007/2008 real estate bubble and global economic meltdown.  Whil...
08/25/2017
Mortgage backed securities (MBS) were up 9 basis points today at 103.38 having come to rest 80 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midwest...
08/25/2017
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