North County San Diego Mortgage Expert

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Mortgage and Lending - Caliber Home Loans - NMLS#284800
Working in the San Diego housing market over the past 20 years has been interesting and exciting to say the least. Technology has not only changed the way you shop for homes, but also the way you shop for a mortgage. However, this is still a "press the flesh" business and it is important to get to know your Realtor and your lender.



Loan originator compensation is still a big question mark out there. The goal is for a broker or agent not to steer the borrower into a higher rate. But basic bond math dictates that, all things being equal - especially risk, an investor will pay a higher price for a higher yield. Some buyers, ti...
We saw a little more rate volatility this week ahead of next week's FOMC meeting and election results.  An early week rise in rates was partially offset by an improvement yesterday and today.  Overall, rates ended slightly higher. At its next meeting on Wednesday, the Fed is expected to announce ...
FHA changed their condominium approval process earlier this year.  Prior to February of 2010, once a condo complex was FHA approved, it was basically "forever" approved.  Also, FHA allowed individual condo's in non-FHA approved complexes to be "spot" approved. Now, however, condominium complexes ...
In a story published by Reuters, Sheila Bair, chairwoman of the FDIC said major banks likely will be required to meet higher capital standards than those outlined in Basel III. "I have fairly high confidence there will be higher capitalization requirements for systemic institutions," Bair said. S...
The "Beast" is obviously the number one servicer in the United States, but how do the other guys rank? Bank of America is #1 with $2.1 trillion (20% of the market). Wells is #2 with $1.8 trillion (17% of the market). Chase has $1.4 trillion for about 13% of the market, Citi has about $700 billion...
Wow!  Even lower than before.  Weak Employment data and increased expectations for Fed monetary easing were favorable for mortgage rates this week. Investors have priced in a high likelihood of additional Treasury security purchases by the Fed, which would increase demand for mortgage-backed secu...
Just like Chase a few years ago, Bank of America announced yesterday that they are exiting from the wholesale mortgage channel.  Remember, there are three types of mortgage platforms: •1.     Retail lending - loan officers that work directly for a bank •2.     Correspondent lending - mortgage ban...

Kevin Kueneke

San Diego Mortgage Banker
local_phone(760) 500-1919
smartphone(760) 500-1919
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