Sunny Singhs Finance Talk

Basically the candidates got a chance to speak in Florida on some hot topics in this years election race such as winning other states, acts of war, foreign policy, creation of jobs, TAXES, foreclosures, and the hottest topic of them all DODD FRANK.   When I say Candidates, I am referring to Romne...

  NAR: Existing Home Sales Up for Third Month (+5.0%) 10:05 AM The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in November, and are 3.6 percent higher than the 4.45 mi...

Today's quick post is regarding the DB list. Whats the DB list, well its a list compiled of anyone who is in our industry and is a Deu**bag.  Some of you may find this crude, some may find it funny or amusing. But rest assured, its necessary.   Now for all intents and purposes, the list cannot co...

HO HO HO Merrry Christmas...Actually, that's not politically correct...forgive me, let me re-phrase   Merry Christmas Happy Hanukkah Happy Kwanza Feliz Navidad Happy 25th of December Happy Sunday   Any other form of Holiday greeting I left out or forgot to mention?      The Point is Happy Holiday...

Crazy day today. Market sell off leaving the DOW 131 pts lower, 10 YR Bond Yield at 1.90 which is huge for interest rates considering we started the week off at 2.04!! FNMA 3.5 ticked back and forth from +10 to +3 to -1 back to +12 and finally at +3 on the day.   What does this mean. Well I will ...

Good Morning AR,   For the Mortgage Brokers/Bankers on here, FYI- if you havent taken a look at Wells Fargo Wholesales Non Conforming (JUMBO) 5/1 + 7/1 ARMS lately, its worth a second look!! This morning on the "cookie cutter" standard Jumbo scenario (i.e. 70% LTV, 720 + Fico, 45% < DTI, etc) a 7...

Why do I ALWAYS run into these cocky realtors. Literally not exagerating. You know the ones that always end a phone conversation with "I really have to run...I am super slammed"...blah blah blah Look at me I am a rockstar...And some how work into the conversation how much money they are making or...

Good Morning AR If you haven’t already heard (And I hope you have) about the HARP Program, which stands for Home Affordable Refinance Program, then you need to google search it before you read any further. In plain old English, the HARP program is supposed to be Fannie & Freddie’s “Cure” to the c...

On a scale from 1-10, 10 being the highest, how annoyed do you get when you recieve unsolicited emails from Loan Officers who are trying to partner up with you, or obtain leads from you?   I had to fire 2 Realtor Referral Partners this last month because they kept pushing me to give them kick bac...

I got a call from an AMC company (Appraisal Management Company) today stating that the appraisal on a purchase could not be delivered to me this week because they cant seem to get a hold of the buyers agent to schedule. I politely asked them to call me on my cell, so that I could call the realtor...