Blog
Honesty is a spiritual quality that cannot be evaluated in terms of money.
There are many practical reasons to practice honesty. It requires far less effort to be truthful than to be deceitful, and in the long term the risks are fewer and the rewards greater. But in today’s complex society, the boundaries of acceptable behavior have been blurred until they are sometimes indistingu
Small Markets Leading Way for 2014 Housing Recovery
Smaller metropolitan areas appear to be leading the country in a return to normal levels of economic and housing activity the National Association of Home Builders (NAHB) said today. The associations Leading Markets Index, product in conjunction with First American Title Insurance, shows 54 metropolitan are
Clarification on Agency QM status; Fitch, Moody’s, and Ocwen’s Take on Non-QM Loans
“A group of government regulators out hiking in the Artic has managed to revive a caveman who was frozen for thousands of years. Communications so far have consisted of monosyllabic grunts, but the caveman is confident he can teach them some words.” It is easy to poke fun at regulators, but at this po
Mortgage Rates Almost Perfectly Flat Ahead of Jobs Report
Mortgage rates were almost perfectly flat today, despite moderate weakness in bond markets. This is largely a factor of yesterday’s weakness and the fact that it coincided with the morning rate sheets. While some lenders did undergo price improvements yesterday afternoon, they were generally con
NORTHSTAR FUNDING IS APPROVED IN PA!!!
License Number License Name Status MCL-139369 Connecticut Mortgage Correspondent Lender License Approved MBR708 Florida Mortgage Broker License Approved 0751973 New Jersey Correspondent Residential Mortgage Lender License Approved A007412 New York Mortgage Br
U.S. Reduces FHA Loan Limts in 2014
The U.S. Federal Housing Administration will scale back and lower fha loan limits to a maximum $625,500 at the beginning of 2014 to reduce its share of the U.S. mortgage market, the agency said on Friday.Currently, the FHA’s limits that vary by region, from $271,050 up to $729,750 in the country’s mos
Mortgage Rates Tentatively Lower
Mortgage rates took Friday's improvements one step further today, moving slightly lower. The most prevalently quoted rates remain between 4.5 and 4.625 percent for ideal, conforming 30yr Fixed scenarios (best-execution) with the improvements being seen in the form of lower costs. For the sake of reference and com
Never tear down anything unless you are prepared to build something better in its place.
This rule applies to both individuals and things. It’s easy to criticize other people thoughtlessly for their shortcomings, and equally easy to find fault in their work or in situations that are not to your liking. It is far more difficult to be a builder of people and to create works of art, useful product
Mortgage Rates Down to December Lows
Mortgage rates moved slightly lower again today, bringing them back in line with the lowest levels of the month. Recent improvements are somewhat of a paradox as rates typically move higher after stronger payrolls data, which we saw on Friday. This time around, rates had been moving higher for the ent
NORTHSTAR FUNDING SAYS “YES”
NORTHSTAR FUNDING SAYS "YES" NORTHSTAR FUNDING SAYS "YES"
If a borrower owns a property in an LLC and wants REFI….
If a borrower owns a property in an LLC and wants to Refi we can take it out of the LLC and close in their personal name we can do that at closing. There is no seasoning required. We can also close in the LLC, Trust or Partnership. Please let me know if you have any questions. I can help you! Respectfully, J
Market Report Tapering
Market Report Tapering Markets were shaken by tapering fears this week. Following last week’s unexpected upturns in GDP growth and job creation, investors worried that the Federal Reserve would begin cutting back on stimulus. These fears were compounded by the budget deal that Congress reached on Tuesday. T