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I recently closed jumbo refi with USbank at 2.875 7-year ARM. I know it is a bit high but my rate lock was when the rates were not rock bottom and I have some other conditions in the loan.

Just go with simple rule... expensive = better

You know that feeling when you are munching on cheetos...or french fries...you know that there is nothing good about it..but just for fun's sake you keep biting..... this thread feels like it....I know there is nothing useful, productive, new info here..but I keep refreshing the page every now...

Totally agree, troll question and I fell for it... :D

I feel your pain. :P

I figure that there is so much GP bashing going on the TI, mostly from people who don't even live in GP and have no skin in the game...just throwing bs around. Let's put some actual numbers: A = home in Eastwood 3 bd2.5 ba 1,753 Square Feet B = home in GP 4 Beds?4 Baths?2,400 Sq Ft Zestimates...

There needs to be a 'postage collect' service to get these shady businesses straight. Everytime they charge your card for such frivolous subscription, you ship them 20 lbs of dirt postage collect with a request to cancel the sub and issue credit.

OCRegister is a such a crappy news site. The content is hardly anything worthwhile but they want you to register, pay etc...and at the same time spam you with ads on the site...double dipping...

Say, you have a loan active for few years then the servicer is changed. Starting next month, you are to make payments to new servicer. Guaranteed, if you sent the pmt to old servicer becasue you forgot to change your bill pay settings, the payment will make it to the new servicer and post. They...

I am not in the industry but I'd imagine that lending club pretty much copied the mortgage model for personal loans. Say you are an investor and has $25 to lend. Your arrangement with Lending club is that they will deduct 1% of each pmt as their fees. You don't mind because you lend $25 today...

I share your sentiment, it is just business. The lenders do stand to lose money because 29 days of interest you paid is just that, interest. The lender has employees, hourly cost, overheads and all...which they stand to lose as sunk cost when loan is closed early. If they got paid upfront for...

Holding on to real estate. Donald Bren.

That is nuts.

I don?t understand underwriters. Sometimes I wonder if they are smart enough to truly assess the net worth, credit worthiness and overall risk profile for someone who is outside the simple bounds of w2 earner and first home purchase ever. Last year, I had an uw that was stuck on verifying my...

What is the deal with four mortgages. Gets harder for one to get a mortgage after 4 open lines? Why? Why 4 is a magic number?

I wish you had used Irvine Boulevard and Sand Canyon

w2 Joe with backend DTI with 20% and w2 Joe with backend DTI of 50% does not cause processor any more or less effort on the file. Lender should charge both Joes the same cost. Jane, even though has 20% DTI on backend, requires much more effort becase of w2, rental income, business income etc...

In the model I am proposing, nobody gets burned right. Broker charges you upfront 2k/5k/20k to get you a loan. You, homeowner can pay it off next week, sell the hose, or refi. Next week you would make a rationale decision that the money I just paid for refi is now gone and what is my est course...

took me 5 seconds: https://www.macrotrends.net/stocks/charts/EW/edwards-lifesciences/gross-margin Profit Margins Gross Margin Operating Margin EBITDA Margin Pre-Tax Profit Margin Net Margin Same thing with pharma, Costco, CAT, you name it... In mortgage industry - an appraiser charges...

W2 is not the right analogy. I am not out there offering comparable product/service to mass at certain markup over my costs. If I ran a business, say landscaping service, I bet you that is how I'd setup my business. My costs+My markup = your cost. Besides, I share my w2 all the times to a lender...