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California loans do not have a price/rate benefit if you have an impound account. All rate sheets will say .25 for impound (N/A CA, WA..). If someone says you'll get a better deal with an impound account, they are simply not being straight forward about things. Impound accounts can have...

I'd re-check your lenders guidelines as LPMI loans that are either Fannie or Freddie owned are eligible to be refinanced with new LPMI loan terms. With rates coming down a bit, if your in the low 6's to upper 5's, you can find LPMI loans in the low 5's today. If your loan is not FNMA or...

There's quite a bit missing still - property type for one, length of lock for another. In general loan rates for sub $417k loans are only .125% lower than those above $417k. Almost all lenders are now sub 5.0% with reasonable points for a SFD loan locked for 45 days. In order to get...

This isn't Veterans Day for me. It's heckle a Peacenik/Treehugger Day. Might bring a smile to a few of our Vets who were so roughly treated once back on native soil. Having grown up in a hippie town I remember clearly the abuse our Soldiers took during Vietnam from these "peace activists"...

I could not attend, but found it interesting that the IHB went to the same place the 9:30 AM Wednesday Irvine Area Broker Preview meeting is held. Anyone posting any pictures BTW? My .02c Soylent Green Is People.

There are a few credit unions that still have second TD's to 90% but other than these very few resources an 80/10/10 is not possible to obtain in SoCal. Those CU's that do this restrict their lending to parts of LA County for example and only on SFD's - no Condo's. You could ask a seller...

Those costs are not set by any lender. They are third party fees. Closing costs are broken into three categories - <strong>Lender</strong> (appraisal, points, tax service, underwriting, processing, documents, flood certification - generally fees in the 800 series). <strong>Non-Lender...

If you close today, the new income limits will apply. If you closed yesterday... you are SOL. Man, if I closed 24 hrs ago I'd be pretty pissed. Sure, the name on the check is likely your grandkids kids, but $8k today is tough to pass up. My .02c Soylent Green Is People.

I send out a weekly email to my agents that is a cull of better news stories. I saw this but did not see it elsewhere: From a WSJ article. Question: Why would something endorsed by the government trash my credit score? Many lenders and those in the credit-reporting industry have...

One could only hope, but the CAR lobby is too strong and the small, but badly needed fee income cutoff would keep most Pol's from voting for it. While we're at it, why not also require something other than an elementary school education before you sell Real Estate? That would weed out 3/4...

Dang, who does IHB have to %$*! to get noticed by these guys? Surprised to see IHB left off. Perhaps it's due to the snark factor in some of the posts. http://thereformedbroker.com/2009/11/02/the-periodic-table-of-finance-bloggers/ Did not see the good Dr. Housing Bubble either...

If they go up - Hooray! Prices will fall. If they stay the same - Hooray! Business will continue. If they fall - damn, another refi boom. Rates since 2000 have never been higher than 7.0%. Since 1990 they've never been above 10%. Nearly 20 years of sub 10% rates is quite a track record. Could...

Here's how it's been though: $600k median price - 40% = $360,000. That's a loss of $240,000. Today it's a $360,000 selling for $432,000 or a gain of 20%. A $240,000 loss with a $72,000 gain is still a loss last time I checked. What they are missing is that the bottom priced homes will rise while...

RHWofOC via Seinfeld "Why yes, they ARE real... and they're magnificent". Real my arse. SGIP

Tell me who the bad guy is here.... http://tinyurl.com/yh5rc24 Remember, Tuesday is Soylent Green Day.

Lenders: No, I'm not going to shop your loan for the best rate. I'm going to shop the loan for the best rebate so I can make my Lexus payment. Realtors: It's not location, location, location. It's price, price, price. Jedi's: Yes, these are the droids your looking for. My...

Did you know there is no combination limit at In-N-Out? Double Doubles can be come Triple Triples. These can morph into Octo Octo's on up. "All things are possible with time and money" said someone wiser than I. Soylent Green is People.

Yarrr, that be the one!. Thanks for the post help. The screening software at the office sometimes also blots out IHB by the way. If only all Tards were as honest as this guy! SGIP.

Hope the link works. From my twitter feed http://bit.ly/1b0Vqx If not, youtube "Painfully Honest and Epic Mobile Home Commercial". I can't see site from work, but you should be able to find it. Chainsaws and Cougars... what's not to like? Soylent Green Is People.

It's a Wachovia loan. Likely the last if not the very last stated income loan Wachovia ever made is my guess. Soylent Green Is People.