The 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
Posted in FHA, Lancaster, Southern California | Leave a comment
Low- 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
Posted in California, FHA | Leave a comment
Good 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
Posted in California, Economy, Loan Officer News, Mortgage / Credit, Mortgage Approval Process, Mortgage Banker News, Mortgage Insurance, Southern California | Leave a comment
Branch 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
Posted in California, Community, Lancaster, Mortgage Innovation, Mortgage News, Southern California | 1 Comment
Many 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
Posted in Branch Partner Opportunities, California, Homebuying, Loan Officer News, Loan Officer Opportunities, Loan Officers, Mortgage News, Net Branch Opportunities, News, Real Estate News, Southern California | Leave a comment
According 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
Posted in California, Economy, Foreclosures, Homebuying, Mortgage News, Mortgage Programs, Real Estate News, Southern California | Leave a comment