John's Blog

While I'm sitting here doing FHA loans in Sylmar, Loan in Van Nuys and Loans in California, I read the news and found myself pondering over whether or not this will work  What would motivate a lender to take a 40 to 60% hit just to clear the books?  Maybe that is the answer, just to clear the boo...

Ok all you investors out there and those doing loans in Van Nuys and Home Loans in Sylmar and Still doing loan in California we have news for you. Dateline 6/13/08 Washington DC anounces that the Bush admin. has suspended the current flipping rule for FHA.  If you were doing an FHA loan in Van Nu...

Even while doing loans in Sylmar and Van Nuys and working for First Time homebuyers in California, we try to be green.There is an ongoing need to conserve energy and reduce waste. Many people are starting to make greener choices, do whats best for the environment and lessen their impact on the ea...

While doing loans in Sylmar and Van Nuys and California we attempt to educate where we can.  Here are my thoughts regarding ongoing identity theft in Sylmar and Van Nuys. Fraud in Sylmar, Van Nuys and California is increasing at an alarming rate and new ways to separate you from your money are be...

  Last week the House passed legislation that aims to refinance troubled mortgages and increase demand among first-time homebuyers. The President has threatened a veto, and the position of the Senate is unclear. http://www.house.gov/apps/list/press/financialsvcs_dem/press050808.shtml ...

Ok everybody from the candidates to congress want to jump on the "blame the mortgage broker" band wagon.  They want to create forms, disclosures and blugenoing racks for us.  The salem witch hunts come to mind.  I'm sure a public burning or two is not beyond their sights.  In California we have h...

RSVP and Attend! (818) 367-1177Sylmar Chamber of CommerceLUNCHEONMonday, March 17, 2008, 11:30 a.m.Los Angeles Mission College13356 Eldridge Ave., Sylmar(Instructional Bldg., Room 1007)The Sylmar Chamber invites you and your guests to attend our upcoming Chamber Luncheon on Monday, March 17, 11:3...

Wow that headline could mena a lot of things.  In this case just a quick update for those of us doing loans in Sylmar, Van Nuys, California and the entire country. HUD has 30 days from the day the President signed the package into law to identify the impacted Metropolitan Statistical Areas (MSA's...

Here are some FHA facts and a quick question.Currently the FHA program has no declining value adjustments at the government level, has low down payment and loan to values as high as 97%, cash out refinances allowed to 85%, rate and tern refinances to 97%, total down payment can be a gift, no cred...

Tomorrow President Bush is likely to sign into law the recently passed economic stimulus bill. It raises the limit on the size of mortgage that Fannie Mae and Freddie Mac may purchase and that the Federal Housing Administration (FHA) may insure. In both cases, the increases are temporary and appl...