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Mortgage and Lending - Franklin Advantage Inc. - NMLS Lic. # 343946
RECENT BLOG POSTS
Realtor Forum Rates have taken a sharp drop this week with Conforming Rates hitting a low of 4.75% with an APR of 4.836% this week. Despite somewhat mediocure news about the economy, Bonds have scored well for the week. Recommendation is to Lock your rates, Encourage your L/O's to place locks for...
08/27/2009
I'm not sure about you, but it seems every time that I turn around something new is changing in our business.  For months now, we have been hearing about this and that new law or regulation taking effect. My consultant that I use for my mortgage business pretty much scared the life out of me when...
07/30/2009
The mortgage industry is certainly undergoing many changes to help provide homebuyers and homeowners better information when it comes to financing a home.  July 30th is the day a new Federal Law takes effect which will have a large impact on when an escrow can close on a home purchase or refinanc...
07/22/2009
  The Home Affordable Program is designed to assist those homeowners who are not able to refinance due to drastic reductions in valuation due to the economic and housing crisis.  The program allows borrowers to refinance up to approximately 105% loan to value their current first trust deed or fir...
06/29/2009
I was fortunate enough to read another post today on this issue.  The only thing missing was information as to how we can attempt to enact change with this new horrible new policy. I probably don't have to tell you...maybe you have experienced it for yourself the horrible consequences of the new ...
06/25/2009
  The following information came to me yesterday by email from the San Diego Chapter of CAMB- The California Association of Mortgage Brokers.  I called to get permission to display in my blog. It provides some key information on the new foreclosure moratorium set to take effect on Monday. Notice ...
06/20/2009
  Yes, you read the headline correctly.  For those of us doing business in California in Real Estate and Mortgage finance things appear to be heading towards further uncertainty as our economic woes continue to pound our state.  Our California Legislature through the Assembly Banking Committee ha...
04/21/2009
It's been a while since I've blogged......alot has been going on as I am sure that you are aware of with our market.  I talk to people everyday, and one of the most frequent questions has to do with the current state of interest rates.  Like many, even though I've been doing this 38 plus years, I...
03/05/2009
  Forum HUD has placed a one year moratorium on their risk based pricing effective with case numbers ordered on or after October 1, 2008.  Consequently, effective with new FHA case number assignments on or after that date, FHA will no longer base its mortgage insurance premiums on a combination o...
10/02/2008
Forum Maybe you are tired of hearing or reading about this issue, but it is worth repeating.  Tomorrow is an important day for our Congressional and Senate Leaders.  It is reported that the Senate will vote tomorrow regarding the proposed bailout solution. Regardless of which side of the fence th...
09/30/2008
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Wayne L.Brown

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