Mortgage Insights by Andrew Clemente

Several factors have added up to increased pressure on the market. Early today Citi lowered earnings estimates on several Wall Street firms.  Pending sales of existing U.S. homes decreased 12% in July, the lowest since September 2001 (NAR) The release of the Fed's  (BEIGE BOOK) has been vague at ...

A Realtor I am working with is listing a property in ORANGE, CA.   I have invited him to join Active Rain, but he is not a blogger. With his permission I am posting the listing.  This post is to make any local Realtors aware of the listing.  It is currently listed for $729,900 and will consider a...

This is my question? (Above)  I have posted some very interesting articles.  Now I have not put in fancy pictures, nor have I written an Epic Novel.  I do get 6-15 readers per post, but thats it.  Will anyone share with me your experiences?  It also seems like some of the posts are read and comme...

I was writing a comment here on AR to Vera Gleason of Riverside,CA about how far agents will go with unethical tactics.  A colleague of mine at Countrywide recently had a builder hide his docs (saying they weren't in on yet) and persuade the client to sign a fresh set with his preferred lender ju...

I was writing a comment here on AR to Vera Gleason of Riverside,CA about how far agents will go with unethical tactics.  A colleague of mine at Countrywide recently had a builder hide his docs (saying they weren't in on yet) and persuade the client to sign a fresh set with his preferred lender ju...

Now is the time for all loan agents and especially wholesale brokers to clean up their files.  I know when I was underwriting there was nothing better than a file I didn't have to peel off the wall or try to figure out what was going on.  I still don't know how loan agents do that.  Now my desk i...

Did you feel the earthquake this morning.  It prompted me to find out just how big it was.  4.7 targeting around the Lake Elsinore area.  I felt it in Anaheim Hills.   I found a site:http://quake.usgs.gov/recenteqs/index.html http://earthquake.usgs.gov/learning/topics/richter.php   Another helpfu...

I was just notified of a Top Wholesale Mortgage Banker  consolidating offices and laying off the entire Los Angeles office.  At the same time he said it was his busiest month ever.  This was his reason.  The company is a survivor and while it has been able to be flexible was not willing to over l...

Spelled out:  Assistance to help those people with good credit that just can't handle a recast by offing refinances through FHA.  Now how high are FHA limits going to increase?  In major city markets non-conforming loans are close and exceeding $1,000,000.00.  It's the Neg-Am loans that call for ...

Spelled out:  Assistance to help those people with good credit that just can't handle a recast by offing refinances through FHA.  Now how high are FHA limits going to increase?  In major city markets non-conforming loans are close and exceeding $1,000,000.00.  It's the Neg-Am loans that call for ...