The Summit County Mortgage Source

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Mortgage and Lending - JBerman Group
RECENT BLOG POSTS
This just in: "A judge has denied the request from the NAMB for a Temporary Restraining Order. The NAMB was seeking to delay the scheduled April 1 effective date of the Fed's new rules on loan officer compensation." I wasn't expecting anything different for NAMB. Not sure about the status of the ...
03/30/2011
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I've been predicting double-dip ever since rosy reports about the economy began circulating through the media. Too much shadow inventory. No Alt-A market for self-employed borrowers with good credit. 20%+ of homeowners have negative equity. Many homes waiting to go on the market will continue to ...
03/29/2011
Little update from our friends over at MBSQuoteline "The biggest economic event next week will be the important Employment report on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Early e...
03/25/2011
Many long-time originators will remember Aurora Loan Services (ALS) was one of the first lenders to really figure out Sub-prime lending. Their first Alt-A product revolutionized the industry. "According to the Quarterly Data Report, ALS services roughly $74 billion of home mortgages, most of it '...
03/24/2011
A copy of an email I sent to Colorado Senators Udall & Bennet today. Feel free to copy & share with other Real Estate professionals. Please help...the Federal Reserve is driving my industry out of business. Dear Senator Bennet, Small business mortgage broker companies have been under attack and n...
03/23/2011
We have an exciting new product offering for Colorado Homeowners. The loan is fixed for 10 years at 4.5%. It's an excellent option for folks stuck in a "Jumbo" loan with an interest rate in the high 5's.  On a $750,000 loan, the bi-weekly payment is $1753.08. Closing costs of 1.5% make the effect...
03/16/2011
Came across this letter urging Fed Reserve Chairman Ben Bernanke to delay implementation of the new Mortgage Originator Compensation regulation. Two Reasons to Support a Delay:   Better coordination needed with forthcoming TILA regulations. Potential conflicts & lawsuits will be avoided. More tim...
03/15/2011
In an effort to expand access to FHA mortgages and allow for the rapid resale of foreclosed properties, HUD announced a temporary waiver of the 90-day flipping restriction until December 31, 2011. The waiver is subject to certain conditions, and eligible mortgages must meet these conditions to t...
03/09/2011
CoAMP has announced a luncheon with David Stevens, Assistant Secretary for Housing at HUD and Commissioner of FHA. Commissioner Stevens has direct responsibility for oversight and administration of the FHA insurance portfolio, which includes multifamily housing and well over 20 percent of mortgag...
03/07/2011
Inflation worries and stronger than expected economic data hurt MBS markets today. Some key economic data: Weekly Jobless Claims came in far lower than expected. The ISM Services index rose to 59.7, above the consensus forecast, and the highest level since August 2005. The head of the ECB express...
03/03/2011
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Jason Berman

Summit Countynulls Mortgage Guy
local_phone(970) 455-4131
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