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  • California Mortgage Loan Brokering and Lending


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  • California Mortgage Loan Brokerage: A Practical Guide to Residential Loan


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    • california mortgage loan FAQ

    "Can you explain what I can expect in a California mortgage loan?

    Oct 01, 2007 by Samantha D | Posted in Renting & Real Estate


    Pain, lots of Pain. It use to be easy to get a loan in CA. Now it is just pain. I have been a mortgage broker in Ca for 24 years and it has never been this hard to qualify and close a home loan. Just expect lots of torture and asking for, in minute

    Patrick G | Oct 01, 2007

    Not unless we know a lot more than you have posted here, like your credit scores, price range, income etc...
    P J | Oct 01, 2007

    How much income a year is needed for a $300,000.00 mortgage loan in California?

    Oct 29, 2007 by jocular2005 | Posted in Renting & Real Estate

    What would the estimated mortgage payment be a month?


    NO SPAM!
    Credit score 710. Interest rate unknown. I am just wondering what people out there say. Maybe someone has bought a home recently in California with a credit score

    With really good credit you are looking at $100k. Some banks would lend you the $300k with income less than that, but please figure out if you can really afford it or not. Find out what the payments are and simulate them for a few months (deposit the

    Rush is a band | Oct 29, 2007

    That would vary on the current interest rate and your creidt rating
    Cheer Bear | Oct 29, 2007

    What does it take to open a Mortgage Loan Office in California?

    Apr 14, 2007 by jazcy | Posted in Other - Local Businesses

    I am very interested in working as a Loan Processor but I am also curious of what does it take to open one’s own Mortgage loan office. I know the essential people would include a Mortgage Broker license, underwriter, loan consultant, document drawer,

    While each state, and sometimes, county, laws will vary, find out the process here:

    www.howtostartamortgagebusiness.com

    mahleezah | Apr 18, 2007

    california mortgage loan news

    California Loosens Requirements for Mortgage Aid

    18.05.12

    The biggest change comes in the agency’s Principal Reduction Program, which can decrease the amount owed on a home loan by up to $100,000. Officials eliminated a requirement that mortgage servicers match federal funds dollar for dollar – a major sticking point in loan-reduction efforts – they said in a news release.


    Source: LoanSafe

    Fannie, Freddie are Set to Reduce Mortgage Balances in California

    18.05.12

    State officials are making a significant change to the Keep Your Home California program. They are dropping a requirement that banks match taxpayers funds when homeowners receive mortgage reductions through the program.

    The initiative, which uses federal funds from the 2008 Wall Street bailout to help borrowers at risk of foreclosure, has faced lackluster participation and lender resistance since it was rolled out last year. By eliminating the requirement that banks provide matching funds, state officials hope to make it easier for homeowners to get principal reductions.


    Source: LoanSafe

    Informa Research Services Introduces Informagic(TM) Mortgage Plus (IM+)

    18.05.12 , Announced immediate availability of the Informagic(TM) Mortgage Plus (IM+) module. IM+ enables retail mortgage originators to monitor competitor pricing for any loan scenario on a daily basis. The product offering complements the Informagic(TM) product that provides benchmark pricing for a single scenario for over four hundred retail originators nationally. The new IM+ product will provide feedback on competitor pricing daily for all loan scenarios, including loan-to-value, credit score, loan amount, product, discount points, purpose, and rate lock period.


    Source: MarketWatch (press release)

    california mortgage loan about


    Let's make a deal on foreclosures in California
    Los Angeles Times - May 04, 2011 Let's make a deal on foreclosures in California An extreme example of the problem is when one arm of a mortgage servicing company forecloses on a home even as another arm is offering to modify the loan in order to rescue the borrower. A state Senate committee is considering a bill to block that from

    Fixed Mortgage Rise For Fourth Week In A Row
    Daily News Pulse - May 04, 2011 Fixed Mortgage Rise For Fourth Week In A Row Today's 30 year jumbo mortgage rates are averaging 5.26%, down from last week's average 30 year jumbo rate of 5.33%. 30 year jumbo rates in California are higher than the national average. Current 30 year jumbo California mortgage rates are averaging

    US 'warehouse' mortgage lending competition heats up
    Reuters - May 03, 2011 The increased competition illustrates the flood of money that investors want to put to work in the residential mortgage sector, where even tightly underwritten loans are seen providing good returns in the ultra-low interest rate environment.

    Thornburg, Lehman, Vitro, Nortel, Viceroy: Bankruptcy
    BusinessWeek - May 03, 2011 Colonial provided loans to mortgage loan originators to tide them over until mortgages could be packaged and sold to investors in securitizations. The holding company was being investigated with regard to accounting practices and the warehouse loan

    US Sues MortgageIt, Deutsche Bank
    FutureOfCapitalism.com - May 03, 2011 The article went on: Three aspects of MortgageIT's business are of concern: first, the downtrend in mortgage lending generally, and in particular cratering mortgage volumes in California, where 50% of MHL's mortgages are originated.