5% Down Jumbo NO MI

The above photograph is of an epi in my organic garden.
Confused by the rain and intermittent sunny days at the ranch
it threw off this bloom the size of a basketball.
Happy sign Spring is early!

5% Down no MI up to $935000 sales price- call to ask how

Estimated mortgage rates for the weekend

Conforming;

15 year fixed 3.250%

30 year fixed 4.125%

7/1 ARM         3.625%

FHA / VA;

15 year fixed 3.250%

30 year fixed 3.875%

5/1 ARM         3.500%

Jumbo

15 year fixed 4.125%

30 year fixed 4.500%

7/1 ARM          3.875%

The above rates based on 760 credit, 60% LTV. Rates subject to change until locked.
Rates change a couple times a day. Terms and conditions apply. This is not a commitment to lend

Get your clients pre-approved over the weekend, text or call   Have a great weekend! C G Caroline Gerardo Barbeau  
(949) 784-9699

apply now it's free https://carolinegerardo.eaglehm.com/
NMLS 324982

Trump Dumping Dodd Frank

 Trump to dump Dodd Frank

Yippee Kah yeh

Hell froze over

But what will the new regulations be?

No new plan, yet.

Privatize Fannie and Freddie- 

 put them together and forget receivership.
I cannot say what the legal argument to
repeal Volker and Dood Frank will be...
national security?
Since they are laws... stay tuned. 

Trump May Hold Your Closing Hostage

Did you Lock in an FHA loan with lower MI? FHA LOAN in  the hopper? You may get STUCK  Inauguration and new Administration May Stall YOUR FHA loan  closing BEWARE!  Oh no !   This could be unwound before it starts. If the President retracts the MI reduction right after the 20th we will have stuck borrowers.   As we know, President elect Trump may have different ideas on how HUD should work and is creating much uncertainty.  If you locked, re-disclosure with higher numbers may be impossible. Is this a legal change of circumstance?  Lender would have to pay the increase for life of loan.  The current laws, lovely Dodd Frank, require Loan Estimate to be exact and Closing Disclosure can't go up, only down. If Trump cancels the reduction in MI, he may hold your transaction hostage until Mnuchin figures out the granular nitty  gritty grass. Stay tuned borrowers,  the corresponding articles now surrounding this topic. It makes having tough conversations on the 26th easier should this occur.  My advice to mortgage lenders is do not disclose the lower MI, don't write this product until we find out what the new boss will do.

Based on recent testimony and political pushback, we believe there is a strong chance the most recent MIP reduction (as published in HUD Mortgagee Letter 2017-01[MBA.informz.net]) may be one of the rollback actions[MBA.informz.net] taken soon after President Trump takes office. This change will likely be effective immediately, and could create significant operational challenges for lenders and their customers. Given this information,  consider the contingency steps that would be necessary to unwind any changes that have already been made to adjust for the reduced MIP rates if this reversal is implemented.

California County Recorder Holidays Closed Dates

Holiday Observances Closed County Recorder

Real Estate Transactions Can't Record on these

Dates in 2017:

January 2nd, New Years Day Observed

January 16th, Martin L. King Jr.

February 13th, Lincoln's Birthday

February 20th, Presidents Day

March 31st, Cesar Chavez

May 29th, Memorial Day

July 4th, Independence Day

September 4th, Labor Day

October 9th, Columbus Day

November 10th, Veterans Day

Observed November 23rd & 24th,  Thanksgiving

December 22nd,   Christmas Eve

Observance  December 25th, Christmas December 26th

December 29th, New Years Eve

Holiday Observances Closed County Recorder

Real Estate Transactions Can't Record in the following counties:

Alameda               

Alpine            

Amador               

Butte               

Calaveras

Colusa               

Contra Costa               

Del Norte               

El Dorado               

Fresno               

Glenn

Humboldt               

Imperial

Inyo

Kern        

Kings

Lake               

Lassen               

Los Angeles 

Madera       

Marin               

Mariposa               

Mendicino               

Merced               

Modoc

Mono

Monterey

Napa               

Nevada               

Orange               

Placer               

Plumas               

Riverside               

2017 California County Recorder Holidays