2/20/2018

House Hunting Season





























Lunch and Learn Event is Free
Learn to Use Multiple Listing Service
to Hunt for a Home or
just track the value of your house.

Access is free if you can't make the
event please give me a call and
I will walk you through the steps.

CFBP

CFPB
We Were the Mulvaneys


Have you had a dispute with a Bank?
Have you complained about Wells Fargo, Bank of America or Chase and not gotten a response from CFBP?

Now is you time to ask for changes

.  The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) about the Bureau’s public reporting of consumer complaints. The Bureau is seeking comments and information from interested parties on the usefulness of complaint reporting and analysis, as well as specific suggestions or best practices for complaint reporting. This is the sixth in a series of RFIs announced as part of Acting Director Mick Mulvaney’s call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers. This RFI will provide an opportunity for the public to submit feedback and suggest ways to improve outcomes for both consumers and covered entities. The next RFI in the series will address the Bureau’s rulemaking processes, and will be issued next week.
The RFI on complaint reporting is available at: https://files.consumerfinance.gov/f/documents/cfpb_rfi_complaint-reporting_032018.pdf
The CFPB will begin accepting comments once the RFI is printed in the Federal Register, which is expected to occur on March 7. The RFI will be open for comment for 90 days.
The Bureau anticipates issuing RFIs on the following topics in the coming weeks:

  • Rulemaking Processes
  • Bureau Adopted Rules
  • Inherited Rules
  • Guidance and Implementation Support
  • Consumer Education
  • Consumer Inquiries





More information about the call for evidence is available at: http://www.consumerfinance.gov/policy-compliance/notice-opportunities-comment/open-notices/call-for-evidence/

###

2/14/2018

Mortgage Rates Jump


NEWS ALERTS

Mulvaney says he's not gutting the CFPB
Rates Jump HIGH
Shaun White Wins



Mortgage rates hit a stated 4 yr high today. The 30 yr fixed rate is  getting closer to 5% than 4%. Why this matters;

$500k loan at 4.00% = $2,387 P/I
$500k loan at 5.00% = $2,684 P/I
$500k loan at 6.00% = $2,997 P/I

1% rise in rates on $500k loan costs an additional $297 more per month. Take rates back to 6% which is about where they were in 2005 /2006 and that monthly payment goes to $2,997 per month, or about $610 more per month.

With  higher rates, investors need to put more down payment to cash flow investment purchases. Back in 2005, you needed about 30-40% down to cash flow some purchases. More recently investors have been able to cash flow with just 20% down.

In the big picture rates are not a scare


The below chart shows mortgage rates heading south, which is higher for mortgage rates.


If you have deals in the works lock sooner than later has been the best strategy so far this year.

If you need help saving a deal please let me know.
C G
Caroline Gerardo
NMLS 324982

949-784-9699


2/08/2018

Solicitud de Hipoteca en Español para una Casa



Nuestra aplicación en español le ofrece una solución rápida y fácil para solicitar un prestamo hipotecario. Proporciónenos por favor la siguiente información.
Información Personal
Nombre:
Apellido:
Correo Electrónico:
Referencia Nombre:
Teléfono de Casa:
()-
Teléfono Celular:
()-
Teléfono del trabajo:
()-Ext.
Estado civil:

Fecha de Nacimiento:
 (mm/dd/yyyy)
Número del seguro social:
 -  - 
Número de dependientes:
Edad(es):
Separado por coma.
Oficial de Préstamo:
Dirección Residencial
Calle:
Ciudad:
Estado:
Código postal:
 - 
Años en esta Dirección Residencial:
 Años     Meses
Casa alquilada o propia:
Datos de la Propiedad
Propósito del Préstamo:
Uso de la propiedad:
Cantidad Prestada:
$
Precio de Compra:
$
Número de Unidades:
Año en que se Construyó:
Calle:
Ciudad:
Estado:
Nosotros sólo aceptamos aplicaciones para los estados en la lista.
Código postal:
 - 
Información Sobre el Ingreso
Sometiendo los ingresos de pensión alimenticia, apoyo de hijos u otros ingresos separados es opcional si es que usted no desea utilizar estos ingresos para el propósito de calificar.
Los Ingresos Totales de Empleo:
$
Bonos:
$
Comisiones:
$
Otros Ingresos:
$
Activos
Cuenta de cheques:
$
Cuenta de ahorros:
$
Fondos de retiro:
$
Fondos mutuos:
$
Otro:
$

comenzando artículos que necesitamos, otros papeles pueden surgir si usted tuvo una bancarrota o está divorciado 

w-2 formularios últimos dos años, declaraciones de impuestos del IRS más allá de dos años, extracto bancario todas las páginas, recibos de sueldo, si usted firmó por alguien que se muestra en su informe de crédito,