Category Archives: California
New Fixed Rate Mortgages from FHA and HFA
October 19, 2010The Federal Housing Administration and HFA have teamed up together to bring new homeowners a new 30 year fixed rate mortgage. This mortgage will have below market interest rates, low down payments as well as other benefits for the first … Continue reading
California, FHA Offer 4 Percent Loans
September 8, 2010Low- and moderate-income first-time buyers in California now can get 30-year fixed loans at discount rates under a new partnership between the California Housing Finance Agency and the FHA. Besides locking in rates at about 4 percent on the loans, … Continue reading
#Albuquerque among MSAs removed from "distressed" list
June 22, 2010Good news for the Duke City: Albuquerque is one of 105 metropolitan statistical areas (MSAs) to be taken off the PMI Distressed Markets List. As MortgageDaily.com reports (subscription required), the change is part of a spate of positive news: “Mortgage … Continue reading
[Photos] Art show a big success for Frost in Lancaster, CA
June 21, 2010Branch Manager Robert Shaffer of Frost Mortgage in Lancaster, California, has held a string of art exhibits that bring the community together. We told you recently that their newest show would feature not only their current in-house artists, but also … Continue reading
Frost Mortgage: 19 branches and growing
May 5, 2010Many people may not realize the full reach of Frost Mortgage’s business operations. As we’ve noted in our ad in National Mortgage Professional, we can tap up to up to $2 billion of monthly warehouse capacity with 48-hour underwriting. So … Continue reading
Hope for housing in Southern California
April 22, 2010According to the Los Angeles Times, Southern California could be on the verge of a housing recovery: “The median price paid for a home rose 14% in March to $285,000 from a year earlier, according to MDA DataQuick. Higher-priced coastal … Continue reading
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Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
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