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Now Is the Best Time To Refinance Since 2013

A massive mortgage refinance boom was experienced in the United States during 2013. Now, the economy presents another opportune moment to refinance a home mortgage. The cost of fuel has been plummeting, which has given investors little reason to believe that inflation is going to take place in the U.S. anytime soon, and thus, investors […]

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The CFPB Gives Small Lenders a Leg Up

On Thursday, January 28th, 2015, the Consumer Financial Protection Bureau (CFPB) proposed rules for small mortgage lenders to offer loans to borrowers with higher debt levels than previously acceptable.  The Wall Street Journal notes, “The Consumer Financial Protection Bureau is the latest victory in Washington for the community lending sector, a powerful lobbying presence on […]

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97% LTV? Can It Be?

The rumors are true.  Mortgage giants, Fannie Mae and Freddie Mac both recently announced their plans to once again purchase loans at 97% loan-to-value (LTV) when it comes to first-time homebuyers.  This has been a highly debated topic in the past, as some believe borrowers that put only 3% down on a mortgage are more […]

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Millenials Have No Savings

Millenial wages have not kept up with the rising cost of living.  In the past, wages have kept up with the rage of inflation, but The Atlantic has revealed that “wages for young people are increasing 60 percent more slowly than overall United States wages” (2014). The median wage for workers in all major industries […]

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Fannie Mae and Freddie Mac officially detail their plans for 3% Down Mortgages

On Monday December 8th, 2014, Fannie Mae and Freddie Mac officially detailed their plans to change the mortgage industry.  Their highly controversial plan to lower the down-payment requirement to 3% is intentioned to make homeownership more accessible to those borrowers with little cash on hand but good credit, good borrowing history, and while it sounds […]

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New Mortgage Guidelines Will Help Many Prospective Home Buyers Get Over the Down Payment Obstacle

It is pretty obvious and almost goes without saying that at this point in American Real Estate, the down payment on a home is the single largest obstacle in the home buying process.  And unfortunately for prospective homebuyers and the mortgage industry alike, the down payment is the first step towards homeownership, because purchasing a […]

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Washington D.C. Wants to Say Goodbye to Fannie Mae and Freddie Mac

On Wednesday November 19th, 2014, a Senate Banking Committee hearing was held with the Federal Housing finance Agency Director Mel Watt.  The discussion consisted of updated lending standards, the topic of possible reducing the principal for troubled homeowners, and the future of GSEs Fannie Mae and Freddie Mac.  Senator Tim Johnson in the hearing stated, […]

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I Mustache You A Question: Would You Be Able to Shave Enough Money So That You Could Retire In Your 30s? Mr. Money Mustache Can.

A Canadian man named Pete who goes by the online blog alias, Mr. Money Mustache, is noted as a post-recession personal finance expert, and he has a very different way of looking at the ‘how to get rich quick’ theory, because no one wants to end up working until age 65 with very little to […]

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Federal Housing Finance Agency Director, Mel Watt, Faces Drawback on the Prospect of 3-Percent Down Mortgages.

Federal Housing Finance Agency Director, Mel Watt, Faces Drawback on the Prospect of 3-Percent Down Mortgages.  Many Politicians View the Decision as ‘Perilous’. FOR IMMEDIATE RELEASE 714-464-2945 Thursday, November 20th, 2014 – Orange, CA — In October 2014, Mel Watt announced the Federal Housing Finance Agency’s (FHFA’s) plan to allow Fannie Mae and Freddie Mac to […]

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Federal Housing Agency (FHA Financial Status) Gets Closer to Financial Health

Federal Housing Agency (FHA) Gets Closer to Financial Health.  Annual Report to Congress Presents an Optimistic Outlook of the Future. FOR IMMEDIATE RELEASE 714-464-2945 Wednesday, November 19th, 2014 – Orange, CA — On Monday November, 17th 2014, the U.S. Department of Housing and Urban Development released its Annual Report to Congress Regarding the FHA Financial […]

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Why Couldn’t Ben Bernanke Refinance His Mortgage?

Just over a month ago the media was buzzing with headlines about Ben Bernanke, and how even he, former chairman of the Federal Reserve, could not refinance his mortgage.  The blame for something so seemingly unfathomable was placed on modern lending standards being too stringent.  On October 16th, 2014, I posted a blog entitled, “Lending […]

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For Those of You with $195 Million to Spare, Behold the Palazzo Di Amore Estate

Billionaire Real Estate investor Jeff Greene has listed the affectionately named  Palazzo Di Amore estate on the market with an asking price of $195 million, making it the most expensive private residence on the market in all of the United States. The property is being listed by Joyce Rey & Stacy Gottula/Coldwell Banker Previews International.  […]

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How Long to Buy Again After Short Sale ~ Bankruptcy ~ Foreclosure

Federal Housing Finance Agency Announces Proposal to Loosen Mortgage Standards.

Federal Housing Finance Agency Announces Proposal to Loosen Mortgage Standards.  FHFA, Fannie Mae, and Freddie Mac work together to discuss provisions of the Dodd-Frank Act and allow more homeowners to filter into the market.   FOR IMMEDIATE RELEASE 714-464-2945 Tuesday, October 28th, 2014 – Orange, CA — After the Great Recession of 2008, the mortgage […]

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Prepare Early for your Retirement

Retirement.  It is such a daunting topic that it is up there next to the morbid ones.  Merrill Edge reports that there is a huge fear that we will live long enough to run out of money. Today, Americans in the workforce are more responsible than ever for securing their retirement, as social security slips […]

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The Millennial Home Buying Speed Bump

The Millennials: a generation of almost 100 million Americans born between the time period of the early 1980s and the early 2000s.  Currently the majority of this generation is in their teens and twenties.  Standing as the first generation to come of age during a massive technological shift to the point where technology has been […]

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Lending Standards are So Tight Even Ben Bernanke Can’t Refinance his Home Mortgage

Yes, you read that correctly.  Ben Bernanke, former chairman of the Federal Reserve recently applied to refinance his home mortgage and was shocked to hear the results: that he had been denied.  At an October conference in Chicago, IL hosted by the National Investment Center for Senior Housing and Care, Bernanke revealed this information to […]

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Secretary of HUD, Julian Castro, Challenges Stringent Requirements Among Lenders and the FHA.

Secretary of HUD, Julian Castro, Challenges Stringent Requirements Among Lenders and the FHA.  Castro called for substantial responsible change to get the housing market back on track, and approve more borrowers for homeownership. FOR IMMEDIATE RELEASE (714) 464-2945 broadviewmortgageorange.com Orange, CA – Wednesday, September 24th, 2014 – In a speech on September 16th, 2014, the […]

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Today’s American Dream

Source: CNN Money Click to enlarge Growing up we were always taught that the American Dream was the opportunity to own property, and the standard image of the dream was a house with a white picket fence.  This year CNN Money came out with an article in response to a poll it hosted asking whether […]

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Rising Student Debt Exhibits Strong Correlation to a Slowing Housing Market

Student loan debt has skyrocketed from about $200 billion to $1.1 trillion in the past decade.  On Friday, September 19th 2014, Real Estate Consulting, an advisory firm, released a report entitled, “Student Loans Will Cost the Industry $83 Billion This Year” detailing the impact of student loans on home buying.  The report arrived at the […]

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A Renter’s Dilemma: The Down Payment

At the moment the media is sending out a lot of mixed messages with regards to the health of both the economy and the housing market.  Some reports are adamant that the housing market is on a downward slope, whereas others view the present moment as a time which the economy and the markets are […]

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Broadview Mortgage Branch Manager and Loan Officer, Kelly Marsh, Reveals Her Secrets to Success at the Todd Duncan Sales Mastery 2014.

Broadview Mortgage Branch Manager and Loan Officer, Kelly Marsh, Reveals Her Secrets to Success at the Todd Duncan Sales Mastery 2014.  Marsh discusses her methodology, what keeps her going, and what keeps her as one of the top 1% of loan originators nationwide. FOR IMMEDIATE RELEASE (714) 464-2945 broadviewmortgageorange.com Monday, September 22nd, 2014 – Palm […]

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The Millennial Age Group is More Likely to Make Their Mortgage Payments on Time Than Others.

One of the big three credit reporting agencies, TransUnion, came out with a report entitled, “The Industry Insights Report”, discussing trends in various industries during Q2 of 2014 as part of an ongoing quarterly analyses of credit-active U.S. consumers and how they are managing credit related to specific industries.  The three industries covered in the […]

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The Housing Market Epidemic: Rate Lock Syndrome

It is undeniable that interest rates are a huge driver of the housing market.  When looking for a home, one of the first questions a prospective homebuyer asks is: “what are the current interest rates?”  Whether this is effective way to shop or not, interest rates due ultimately influence decisions.  As interest rates have remained […]

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FICO Announces the Release of FICO 9 To Raise Credit Scores For Millions of Americans.

FICO Announces the Release of FICO 9 To Raise Credit Scores For Millions of Americans.  New Scoring Method Will Discredit Collections, Especially With Medical Collections on the Credit Report. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714) 464-2945 broadviewmortgageorange.com   Orange, CA – Thursday, August 21st, 2014 – FICO, formerly known as […]

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Picking Up the Pieces After a Foreclosure

Foreclosures are never a positive matter, but to all of the former homeowners out there who had their homes foreclosed upon: keep your head up because all is not lost.  With time, diligence, and adequate research, there are plenty of ways to rebuild oneself after a foreclosure has taken place.  The first thing to do […]

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Home Prices in California Continue to Climb. What Sets it Apart From the Rest of the Country?

A May 2014 survey called the Realtors Confidence Index conducted by the National Association of Realtors detailed where Realtors expect the most growth in home prices throughout the nation.  The parts of the country where Realtors expected the most growth, between 5%-7%, included Oregon, California, Colorado, Hawaii, Texas, Georgia, and Florida.  The figure below depicts […]

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Are Americans Prepared for a Financial Emergency?

The recommended emergency savings amount is around three-six months worth of expenses.  Three months worth of expenses in savings is the absolute minimum recommended by most financial planning experts.  Bankrate.com released a survey revealing how much Americans have prepared, should another financial crisis be on the horizon, or should a substantial personal financial loss (such […]

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Buying a Home: A Comparison Between Lending Before, and What it is Today

The financial crisis of 2007-2008 served as a huge inflection point for the behavior of both homebuyers and lenders.  Prior to the crisis, in the 1990s until 2006, Americans witnessed the easy money lending days.  These were the days when homebuyers were allowed to obtain mortgage loans without any documentation required to verify income.  Loans […]

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Obama Administration’s Housing Scorecard Depicts a Rebounding Housing Market

Every month, the Obama Administration releases a Housing Scorecard fully evaluating the health of the housing market.  The June 2014 scorecard outlined important trends occurring in home purchases, homeowner equity, foreclosure prevention actions, and also the general attitude of Americans towards certain economic trends.  The full report can be found on the HUD website. Winter […]

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Housing Affordability is a Growing Problem

A recent article by Mortgage News Daily shed a lot of light on the proportion of Americans spending too much money on housing – both homeowners and renters. Typically, the most financially sound way to pay for housing is to spend no more than 30% of monthly income. More than 30% is considered a cost-burdened […]

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The Federal Reserve is on Schedule to End Quantitative Easing in October 2014.

The Federal Reserve is on Schedule to End Quantitative Easing in October 2014.  Fed chair Janet Yellenprovides her testimony on the current state of the economy and moving forward after QE ends. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714) 464-2945 broadviewmortgageorange.com In January 2014, the Federal Reserve announced its plans […]

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The FHFA Wants More Americans to Hop on the HARP & HAMP Train.

The FHFA Wants More Americans to Hop on the HARP & HAMP Train.  In a recent speech, Mel Watt, Director of the FHFA stated that the government will encourage those who have not yet taken advantage of the HARP and HAMP programs to take action. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella […]

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CalHFA Gives Low to Moderate Income Californians More Opportunities to Purchase a Home.

CalHFA Gives Low to Moderate Income Californians More Opportunities to Purchase a Home.  CalHFA’s program expansion now offers down payment assistance to non-first time homebuyers. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch broadviewmortgageorange.com Orange, CA – Tuesday, July 15th, 2014 – For over 40 years, the California Housing Finance Agency (CalHFA) […]

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The City of Santa Ana Down Payment Assistance Loans of Up to $40,000.

The City of Santa Ana Down Payment Assistance Loans of Up to $40,000.   In an effort to enhance stability in Santa Ana communities, the city is offering sizable down-payment assistance for qualified first-time homebuyers. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714) 464-2945 broadviewmortgageorange.com Orange, CA – Tuesday July 15th, 2014 […]

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The U.S Department of Housing and Urban Development (HUD) Sets Plans to Improve Entry to the Housing Market Nationwide in its ‘Blueprint for Access’.

Broadview Mortgage Reports: The U.S Department of Housing and Urban Development (HUD) Sets Plans to Improve Entry to the Housing Market Nationwide in its ‘Blueprint for Access’.  HUD is in the process of releasing the Homeowners Armed With Knowledge (HAWK) program, aimed to provide an incentive to prospective homebuyers willing to learn more about obtaining […]

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Broadview Mortgage Katella Branch Joins The Fish 95.9 FM at Fish Fest 2014.

FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714) 464-2945 broadviewmortgageorange.com   Orange, CA – June 24th, 2014 – On Saturday June 21st, 2014, Broadview Mortgage’s Katella branch joined the Fish 95.9 FM at the Fish Fest 2014 as a sponsor in one of Southern California’s largest amphitheaters, the Verizon Wireless Amphitheatre […]

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A Few DIY Methods to Boost Your Home Sale

There are so many do-it-yourself pieces out there to prepare you with crafty ideas on making fun projects for the holidays or interior decorating.  There are pretty much DIY projects for anything that you can possibly think of.  Today, we are going to focus on DIY projects that may bolster your home price when you […]

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Expansion of CalHFA First Time Home Buyer Program to Non First-Time Homebuyers.

Expansion of CalHFA First Time Homebuyer Programs to Non First-Time Homebuyers. Advantageous Loan Programs will now be available to most prospective homebuyers in California due to said expansion. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714) 464-2945 broadviewmortgageorange.com June 23rd, 2014 – Orange, CA – CalHFA has officially announced the expansion […]

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Homeownership After a Short Sale

After the financial crisis of 2008, millions of homeowners throughout the U.S. fell underwater on their mortgage loans, meaning that the remaining balance on their mortgage was more than the actual value of the home.  Many homeowners did not have much choice but to participate in a short sale, or sell their home for a […]

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Broadview Mortgage Has Your Golden Ticket to Homeownership in California Through the Use of Down Payment Assistance.

Broadview Mortgage Has Your Golden Ticket to Homeownership in California Through the Use of Down Payment Assistance.  Wesley Oliver is an NMLS Licensed Loan Officer at the Broadview Mortgage Katella Branch who will host a webinar this week to discuss Down Payment Assistance Programs in California to help homebuyers discover their potential and determine which […]

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California Voters Agree to Allocate $600 Million in Funds to Our Homeless Veterans.

California Voters Agree to Allocate $600 Million in Funds to Our Homeless Veterans.  The California Department of Veterans Affairs, the California Department of Housing and Community Development, and the California Housing Finance Agency are partnering to give Veterans access to safe and affordable housing. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch […]

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