Say Hello to Our New and Already Misguided CFPB. – 07/21/11

Say Hello to Our New and Already Misguided CFPB. – 07/21/11

Prepare for Another Stimulus!

Prepare for Another Stimulus!

Market Update

A big 7 year bond auction was rated a D today, dropping bonds and pushing rates a little higher. The $600 billion QE -2 comes to an end tomorrow but the FED will likely continue to purchase Treasuries with the proceeds from maturing debt. This could equate to $25B per month and could help keep interest rates near historic lows.
As the highest traffic weekend approaches you can count on me to pre-qualify you prospective buyers. I will be available throughout the holiday weekend. A few minutes on the phone an we will know if a buyer prequalifies. Save Time and Money - Pre-Qualify.

Any of you doing new homes? Our Construction/Perm loan is the best; lower credit scores to qualify and higher loan to values. We will even do a 100% USDA Construction/Permanent loan. Call me for details. Easy builder approval.

4 Financed Property Rule

What's the 4 property rule? Currently if a borrower has 4 financed properties, they cannot get another loan. The number used to be 10, now it's 4! I had 3 customers call this week alone that were blocked out of doing something because of this Fannie Mae/Freddie Mac rule.


In this total of 4, lot loans and commercial loans do not count. A borrower may get a local community bank to ignore the rule but if they are Fannie/Freddie it won't work.