I found Tria Beauty products cheaper on their own website
and Amazon would not price match
Code W7C1P4Z is good for July 2016
|
7/08/2016
Free Coupon Promo code Price
No gimmicks no email Free Promo code for Tria Beauty products
I found Tria Beauty products cheaper on their own website
and Amazon would not price match
Code W7C1P4Z is good for July 2016
I found Tria Beauty products cheaper on their own website
and Amazon would not price match
Code W7C1P4Z is good for July 2016
7/06/2016
Tree of Life Nursery
 |
| Tree of Life nursery |
A wonderful nursery out on Ortega Highway near to my home...
California natives, gorgeous low water plants, resources for design,
book shop, gardening gifts and an old Spanish building.
Check for hours as they change with the seasons. This is a wholesale
location that does have a small store.
From the 5 Freeway Drive East and South on Ortega highway about
seven miles. Pass Gibby Road.
On the right hand side - green gate
33201 Ortega Hwy, San Juan Capistrano, CA 92675
Phone:(949) 728-0685
Orange County California
 |
| Salvia Pozo Blue -grey musk sage |
 |
| rosa californica |
 |
| See rose hips -native people used for medicine high in vitamin C |
 |
| Box Thorn - low water and adds security |
 |
| Great Basin Sagebrush Artemisia Tridenta |
 |
| Pinus Torreyona |
 |
| Toyon Holly |
 |
| Native Holly is a fabulous small tree Toyon- native California Holly is low water, can grow to ten feet, dark green leathery leaves, Native peoples used for medicine and tea |
7/05/2016
LOWEST Mortgage EVER 10 year CRASHES
MBS Recap | 3:59PM CALL C G now for a savings mortgage quote (949) 784-9699
For instance, there was weak data in China overnight, a big drop in oil, more weakness in UK currency, slumping stocks, and ultimately weak data in the US this morning. Did these things cause today's all-time lows? Not even remotely! They merely pushed markets around a town they wouldn't even be in if it wasn't for the jumbo jet (aka, GGC). MBS continue to underperform the massive bond market rally, which is pretty normal when Treasuries are pushing all-time lows or even if they're just making big moves lower. One thing to keep in mind is that MBS prices aren't even close to being back to 2012 levels. That's a factor of the Fed's decaying MBS portfolio among other things and it's been happening very slowly, steadily, and predictably since markets worked out the initial volatility surround the 2012 QE3 announcement. All that to say, yes, 10yr yields hit new all-time lows, but we're not even close to expecting mortgage rates to follow suit without MBS gaining about another point in Fannie 3.0s. |
Today's
Alerts and Updates
|
[app.mbslive.net]
7/02/2016
Find Your Garden Zone
Orange County has a couple different USDA hardiness zones
Mine is 10a
Here's a link that is interactive
to the United States Department of Agriculture Map
enter your zip code
http://planthardiness.ars.usda.gov/PHZMWeb/Default.aspx
Mine is 10a
Here's a link that is interactive
to the United States Department of Agriculture Map
enter your zip code
http://planthardiness.ars.usda.gov/PHZMWeb/Default.aspx
6/30/2016
Low Rates
If you locked your rate in the last two weeks
JUMP SHIP and come over to lower rates
Ask me how
(949) 784-9699
The
stock market’s plunge following the Brexit vote was bad for most people’s retirement accounts but good for those looking to refinance their mortgage. Even as
the market has started to recover its losses and the flight to bonds’ safety
has eased, home loan rates remain down.
Despite
the low rates, growing pessimism over the direction of the economy is spilling
over into home-purchase sentiment. Pending home sales – those deals that are
under contract but have not closed – declined in May, marking their first
annual drop in nearly two years. Rates may be low, but not many people are
rushing out to make a big purchase such as a home with so much economic
uncertainty. The group most likely to benefit from low rates are homeowners
seeking to refinance.
According
to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate
average plunged to 3.48 percent with an average 0.5 point. (Points are fees
paid to a lender equal to 1 percent of the loan amount.) It was 3.56 percent a
week ago and 4.08 percent a year ago. Since the beginning of the year, the
30-year fixed rate has plummeted nearly 50 basis points. (A basis point is 0.01
percentage point.) It has fallen 18 basis points in the past month alone.
The
15-year fixed-rate average sank to 2.78 percent with an average 0.4 point. It
was 2.83 percent a week ago and 3.24 percent a year ago.
The
five-year adjustable rate average dropped to 2.70 percent with an average 0.5
point. It was 2.74 percent a week ago and 2.99 percent a year ago.
Website:
blog:
Cell : (949) 784- 9699 7 AM – 7 PM 7 days a week
Trashes Dodd Frank
 |
| Burned Kettle
Calling the Dodd-Frank Act a “negative force,” presumptive
Republican presidential nominee Donald Trump says he will unveil a plan to
overhaul the controversial Wall Street reform law that was passed in 2010 in
response to the crisis.
|
While he did not disclose specific changes he would dismantle Dodd-Frank.
“Dodd-Frank has made it impossible for bankers to function,”
Trump said “It makes it very hard for bankers to loan
money for people to create jobs, for people with businesses to create jobs. And
that has to stop.”
The presumptive Democratic presidential nominee, Hillary
Clinton, was swift to respond to Trump’s stated intention to overhaul
Dodd-Frank. Wednesday morning, Clinton tweeted, “Latest reckless idea from
Trump: gut rules on Wall Street, and leave middle-class families out to dry.”
I'm not sure either one knows what they are speaking about. Dodd Frank was a well meaning but stupidly executed plan. Dodd Frank made the big banks richer and the little guy not to get a mortgage. Dodd Frank did not get the crooks and liars out of mortgage banking, the tin men sales people moved to loan modifications, those who couldn't pass a knowledge test moved to sell cars or work under someone else's license. I challenge Borrowers who say they had no idea their payment might go up. I do admit that African Americans were preyed upon by some lenders, who gave them higher rate loans. Of the thousands of Option ARM loans I closed I have a tough time convincing a Borrower whose rate is now under 3% but has to make principle payments to refinance.
Republicans have been trying to roll
back Dodd-Frank ever since it was passed in July 2010. Lately several
bills aimed at chipping away at the law have gained traction in Congress.
In mid-April, two bills
passed in the House Financial Services Committee; one to repeal Dodd-Frank’s
bailout fund for large, complex financial institutions and one to put the
Consumer Financial Protection Bureau’s spending on a budget in an attempt to
make the Bureau more accountable to taxpayers. CFPB has become the gorilla in the day care center.
Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial
Services Committee, recently told DS News that “America needs a new vision—a
new model for financial reform—because the Dodd Frank Act is a failure.”
Democrats have generally been fiercely protective of Dodd-Frank
and highly critical of Republican efforts to undermine it. Rep. Maxine Waters
(D-California), ranking member of the House Financial Services Committee, said
of those two bills that passed in the Committee in mid-April, “Both of these
bills, if enacted, would take our financial system back to September of 2008,
when regulators did not have the tools to protect consumers or the broader
economy from financial sector ruin. It would take us back to a time when we
were hemorrhaging nearly 800,000 jobs a month, household wealth dropped by $13
trillion, and millions of our fellow Americans were facing foreclosure,
eviction, and potential homelessness.”
Where is our country going?
Tip if your kettle gets black from propane gas not being mixed right- Fells Napha soap on the pot can help. Rather than just calling the kettle black
Refinance Rules After Modification by Lender
Mortgage RATES HAVE DIPPED AGAIN!!!!
Often Borrowers forget to tell Loan Officer/ Mortgage Banker that they completed a loan modification. Unfortunately these are handled like other credit dings such as Short Sales. One vital piece of information in determining the wait period is if forgiveness of debt (reduction of the loan amount was granted). This may not show on your credit report, however the information will be hung up with your laundry.
Below is a list of lenders and what their rules or wait periods are:
Refinance after Modification
FHA
3 year wait period if government assistance/principal write-down.
Exceptions to 3 years if substantial documentation of extenuating circumstances
Never less than 1 year.
Must have documented extenuating circumstances.
No lates on the mortgage in question in last 12 months
Must review all modification paperwork from lender.
Borrower must be in compliance with all lender’s requirements, such as occupancy time-frame, resale time-frame, if any.
Reason for short sale must be fully mitigated and supported by documentation.
Fannie requirements
Review all modification documentation and determine if there was principal forgiveness.
Obtain pay history from servicer (outside the credit report)
showing no 60 day lates in last 12 months. (as part of the deal the lender often agrees to waive or remove derogatory ratings.
Fannie wants to know if the borrower has been delinquent.)
CHASE requirements
4 year waiting with max 90 Loan to Value or Combined loan to value - in general HELOC seconds are NOT going to grant any new credit,
but a subordination of existing second may be arranged LTV/ CLTV.
7 year waiting for > 90 LTV/CLTV
3 year waiting if extenuating circumstances,
only on primary or NCO with up to 90 LTV/CLTV.
Must obtain explanation statement from borrower,
third party documentation confirming the events were isolated
and reduced Borrower income
Must review all modification paperwork from lender.
(Chase orders package from
lender not Borrower to avoid secrets)
Must go by more restrictive of these guidelines or AUS
Freddie Requirements
4 years wait
2 years wait with documented extenuating circumstances.
Must obtain explanation statement from borrower,
third party documentation confirming the events were isolated and reduced Borrower income
Must review all modification paperwork from lender.
Underwriter must comment on 1008
Wells Fargo Requirements
4 to 7 years wait
2 years wait if documented extenuating circumstance
Must review all modification paperwork from lender.
Minimum 680 credit score required
At least 10% down payment or greater if required by transaction
Reestablished credit
VA Requirements
Call the appropriate VA office to discuss the specifics of the case
Have lender modification documentation available
Depends on hardship (proof as with all these cases is a box
of paperwork to be verified)
June 2016 Caroline Gerardo copyright
(949) 784- 9699 cell
NMLS 324982
these rules of course can change
6/29/2016
Divorce Buy Refinance or Sell
Divorce and
Your Home
Options and Strategies
Sell House, Buy Out The EX,
Refinance or Counseling?
As with most issues related to divorce, there is no single best way to handle your
mortgage. We will help you sort through your options and strategies and do our
part to help you at this time... and down the road.
When it comes to planning your home financing future, let the professionals at
Eagle Home Mortgage help you make the best financial decision for you.
We understand it’s not just a house... it’s your home.
Call today for a complimentary mortgage review to discuss your options!
What do I need to consider in order to stay
in my home?
My Spouse is entitled to share in the equity we
have in our home... how is this handled?
If you’ve decided to keep your home,
you may wonder...
In many divorces, the home is often refinanced.
When married couples both have their names
listed on the mortgage, one person may need to
be removed if they no longer own the property.
Can I purchase a new home? If so, can I purchase
another home while still listed on my previous mortgage
or before the divorce is final?
If you’ve decided not to keep your home,
you may wonder...
Although a new home may be what you are
interested in, you need to remember that if your
name is still on your current mortgage, issues may
arise when trying to qualify for your new loan.
6/14/2016
Refinance Low Rates
I
would like to let you know that TODAY mortgage rates
have once again dropped to
historic levels.
It’s a great time to take a look at your current mortgage
/
mortgages and compare with current market rates.
If
you have one of the following I would highly suggest a review:
Rate
above 3.875%
Mortgage
where you pay Mortgage Insurance
1st
& 2nd combo - consolidate into one loan
Term
above 15 years
Need
for cash out for home improvement, debt consolidation
or equity extraction?
With
current home values at record highs,
mortgage rates at record lows and mortgage
insurance costs
with record low premiums there is a lot to be gained with a
refinance review.
Send me a copy of your mortgage statement or call me
with questions.
I can quickly review and make some suggestions that will save
you $$.
Sincerely,
C G
(949) 784-9699
NMLS 324982
This is not a loan commitment nor a rate commitment
June 14 2016 rates change a couple times a day
Terms and conditions apply
Stop by for lunch, call first and we will include
you in the pot luck
Some photographs of our office having lunch at the end
of a hard working month. We have everything here in
house- processing, Underwriting, Funding, Review
and LUNCH
6/13/2016
Organic Soil Orange County, California
I moved from Laguna Niguel Homeowner Association home to a ranch outside of San Juan Capistrano. After nearly twelve years my garden was all organic. I'm starting over.
In order to develop soil that sustains low water organic gardening in rocky clay
that has never been cultivated I searched for local companies that provide compost,
or organic soil, or methods to speed up my garden plans.
I contacted a couple companies:
Sierra Soil once was just across Ortega Highway. I emailed and called with no response.
Website stated they require payment before delivery. Daughter and I drove out to
the location listed on their website as next to CR'R's staging plant. We followed
the wooden signs and could not find the location. I later heard back from them that
they no longer operate at that location.
I heard from other suppliers that Sierra Soil uses horse manure as the component of their compost. Horses do eat green matter but I was thinking that even a cow with multiple stomachs might process the impurities better than horses. From my reading smaller animals- goats and chickens might supply manure that breaks down faster, is healthier for human vegetable use.
Other suppliers I contacted: Serrano Creek Soils. They have a gorgeous website but prices were double the others. I figure I can add my worms and personally added vegetable and leaf clippings to the compost area. In a year I will have plenty of organic material to mulch, amend the soil and grow beautiful flowers and vegetables.
www.Sierrasoil.com
www.serranocreeksoils.com/
I picked McAllister because Dave answers the telephone.
He is knowledgeable and kind.
He has been in this business nearly thirty years.
Interesting Facts:
Photograph of Dave with his gorgeous truck. He says the State of California is forcing
him to retire this historic truck because of emissions - much like the neighbors of
the new High School in San Juan drove him out of his location. It saddens me that a
small business has to struggle this way.
I highly recommend Dave. He delivered without advance payment, exactly to my remote
location
Dave McAllister Topsoil,
Compost,
Potting Soil, gardening, orange county, California,
deliveries
31748 La Pata Ave, San Juan Capistrano, CA 92675
Phone:(949) 728-1500
6/07/2016
HERO Loan For Selling Home
Realtor asked me today:
"What can a Seller Do about a HERO Loan?"
HERO is in my opinion a scam on owners. It is same as
property tax and never goes away until paid in full.
"What can a Seller Do about a HERO Loan?"
HERO is in my opinion a scam on owners. It is same as
property tax and never goes away until paid in full.
There is no assuming the loan- or qualifying to leave it on. It
is stuck there until paid off.
In order to do a new mortgage, refinance or sale the property must have enough
equity to allow it to stay on title.
Example: Loan given is $30000. They completed about
$11000 in actual cost improvements (this is the saddest part that homeowners don’t realize they pay ten
times more for solar or insulation... this way rather than buying it on open market)
Twice a year a payment is made. It may take 20 years for balance
to go down.
Seller cannot sell to buyer with Fannie, Freddie, FHA or USDA mortgage loan or conventional pricing and financing.
There are investors who will loan on them—higher interest rate and
minimum 20% down.
The problem is- appraised value minus the Hero Loan is value
used and from there 80% loan-
Buyer may need 30 -40% down depending on amount of Hero Loan,
value of house etc…
Homeowners in Inland Empire, Riverside, Kern County, Fresno County etc seem to have fallen prey to these transactions. Most often the Homeowner is elderly or lacking financially. Is there a class action lawsuit against them yet? NO. But CFBP is investigating and fines pending...
Anything that sounds too good to be true is likely not real.
Free electricity?
Okay disclaimer- I live off grid and have solar that is not HERO loan, was in fact upgraded to newer cheaper system. Solar has become so inexpensive you probably do not need a Hero loan to
install the panels and battery system.
6/06/2016
Dismal Jobs Report Delivers Low Mortgage Rates
Dismal Dark Dingy and Dank May Jobs Report delivers a few pine cones.
Worry
will my son coming home from college work fast food?
Or Engineering
Student Seeks Summer Job in Dismal Job Market.
Good
news is mortgage rates love bad news. Rates fall! Hurry get your refinance
application in now!
With the U.S. economy only adding 38,000 jobs in May vs. the 168,000 economists forecasted, we've seen a swift shift in what to expect from the Federal Reserve following their meeting later this month.
With the U.S. economy only adding 38,000 jobs in May vs. the 168,000 economists forecasted, we've seen a swift shift in what to expect from the Federal Reserve following their meeting later this month.
Janet
Yellen backs down! No rate hike
happening before Christmas.
Worst report since 2009 after the crash
What will the Fed do now?
5/31/2016
Guild Mortgage To Go Down in Shame?
 |
| Captain's Chair hand made 1800's Who is running the ship? |
United States Files Lawsuit Alleging That Guild Mortgage
Improperly Originated and Underwrote FHA-Insured Mortgage Loans
The
United States has filed a complaint in the U.S. District Court for the District
of Columbia against Guild Mortgage Company (Guild) under the False Claims Act
for improperly originating and underwriting mortgages insured by the Federal
Housing Administration (FHA), the Justice Department announced today.
Guild is a mortgage lender headquartered in San Diego, California.
“This
case is another example of the Justice Department’s continued efforts to
ensure that lenders that participate in the FHA mortgage insurance program act
in good faith and conduct appropriate due diligence when committing the United
States to insure home loans,” said Principal Deputy Assistant Attorney General
Benjamin C. Mizer, head of the Justice Department’s Civil Division. “To protect
the housing market and the FHA fund, we will continue to hold responsible
lenders that knowingly violate the rules.”
Guild
participated in the FHA insurance program as a direct endorsement (DE)
lender. As a DE lender, Guild had the authority to originate, underwrite
and certify mortgages for FHA insurance. If a DE lender such as Guild
approves a mortgage loan for FHA insurance and the loan later defaults, the
U.S. Department of Housing and Urban Development (HUD), FHA’s parent agency, is
responsible for the losses resulting from the defaulted loan. Under the
DE lender program, neither the FHA nor HUD reviews the underwriting of a loan
before it is endorsed for FHA insurance. HUD therefore relies on DE
lenders to follow program rules designed to ensure that they are properly
underwriting and certifying mortgages for FHA insurance and DE lenders must
certify that every loan endorsed for FHA insurance is underwritten according to
the applicable FHA standards.
The
government’s complaint alleges that, from January 2006 through December 2011,
Guild knowingly submitted, or caused the submission of, claims for hundreds of improperly
underwritten FHA-insured loans. The complaint further alleges that
Guild grew its FHA lending business by ignoring FHA rules and falsely
certifying compliance with underwriting requirements in order to reap the
profits from FHA-insured mortgages. For example, Guild allegedly allowed
underwriters to waive compliance with FHA requirements when underwriting a
loan. Additionally, Guild used unqualified junior-underwriters who did not have a DE certification to
waive mandatory conditions on higher risk loans where HUD required underwriting
only by highly trained DE underwriters. (so much for the days of
processors signing off conditions)
The
government’s complaint further alleges that Guild’s senior management focused
on growth and profits and ignored quality. From 2006 to 2012, Guild
conducted at least 125 branch audits in which almost 40 percent resulted in
either a qualified rating or unsatisfactory rating. A qualified rating
was defined as having a “significant number of findings, and/or findings noted
that have more serious impact or risk to Guild,” or “Knowledge of procedures
and controls; however, they appear to be inefficient.” An unsatisfactory
rating was defined as one where “serious concerns were noted: lack of
knowledge, procedures, and/or controls in branch.” The complaint alleges
that, through Guild’s quality control reviews, significant defects were found
in over 20 percent of the FHA loans reviewed between 2006 and 2011 and over
half the loans had either significant or moderate defects. Significant
defects included fraud, misrepresentation and other serious findings while
moderate defects included not following guidelines. However, Guild did
not calculate or distribute any error rate during the relevant time period,
thus management was not presented with these findings. Additionally, for
many of the quarters from 2006 through 2009, Guild did not even distribute any
of the quality control findings to management. As a result, Guild
management often did not review or remediate findings from quality control
audits during these years. In the quarters where Guild management
actually did review quality control findings, it did so almost a year after the
loans closed and failed to timely address any identified problems.
In
2013, Guild finally began addressing the quality of its FHA underwriting,
Guild’s head of quality control pointed out the ineffectiveness of its past
efforts at addressing loan quality: “I’m not optimistic about training reminders and
individual follow-ups being all that effective.”
The
government’s complaint alleges that as a result of Guild’s knowingly deficient
mortgage underwriting practices, HUD has already paid tens of millions of
dollars of insurance claims on loans improperly underwritten by Guild, and that
there are many additional loans improperly underwritten by Guild that are
currently in default and could result in further insurance claims on HUD.
For example, the government’s complaint identifies a mortgage loan that was
improperly underwritten in violation of HUD requirements, causing the borrower
to default and HUD to pay the loss on the loan. Specifically, Guild failed to verify the
borrower’s prior rental payments, overstated the borrower’s income,
failed to develop a credit history for the borrower who had no credit score, exceeded FHA’s qualifying debt
to income ratio without determining whether certain compensating factors were
present, and failed to identify the source of a large deposit made to the
borrower’s account. The underwriter at Guild improperly waived
multiple conditions and allowed an unauthorized junior underwriter to do the
same for other conditions. In sworn testimony, the Guild underwriter
admitted the loan failed to comply with FHA underwriting requirements.
“The
Federal Housing Administration’s insurance program is meant to encourage
lenders to expand opportunity for homeownership by providing financing to prospective
buyers who otherwise might not be able to enter the housing market,” said U.S.
Attorney Channing D. Phillips for the District of Columbia. “To ensure
that prospective homebuyers realize the dream of long term homeownership, the
program has strict rules and is not a license for lenders to carelessly subject
federal dollars to risk. This lawsuit is designed to help the FHA – and
American taxpayers -- recoup tens of millions of dollars in losses attributable
to a lender accused of improperly underwriting FHA-insured mortgages and
committing the government’s guarantee to mortgages that failed to comply with
program rules.”
“The
decision to intervene in this matter should serve as a reminder of the priority
given to pursuing lenders that violate HUD program rules in order to hold them
accountable and the value of private citizen participation, including
whistleblowers, in pursuing lenders that violate the rules,” said HUD Inspector
General David A. Montoya.
“FHA
relies on the honesty and integrity of those lenders participating in our
program,” said HUD’s General Counsel Helen R. Kanovsky. “The action we
take today should send a clear message that we will not tolerate the abuse of
our programs or of the families who should benefit from them.”
Falsifying documents, white outs, blind eye, ignoring guidelines oh my oh my.
The
lawsuit was brought under the qui tam, or whistle blower, provisions
of the False Claims Act by a former employee of Guild. Under the act, a
private party may bring suit on behalf of the United States and share in any
recovery. The government may intervene in the case, as it has done
here. The False Claims Act allows the government to recover treble
damages and penalties from those who violate it. This not a disgruntled employee to be this huge. Offices were disrupted by gentlemen in black suits, thousands of empty legal boxes and access to emails and computer files.
The
investigation of this matter was a coordinated effort among HUD, its Office of
Inspector General, and the U.S. Attorney’s Office for the District of Columbia
and the Civil Division’s Commercial Litigation Branch.
The action
is captioned United States ex rel. Dougherty v. Guild Mortgage
Company (D.D.C.). The claims asserted in the complaint are
allegations only and there has been no determination of liability.
Losses to Guild could be in 100-600 millions'.
Guild Mortgage does purchase, resale, and refinance mortgage loans.
After decades of successful innovation and growth, Guild Mortgage Company is a mortgage banking company with more than 250 branches and satellites across the United States.
Guild may lose ability to sell loans to our government which is 99% of their business. What does this mean to the consumer? Apply somewhere else if your loan is in process.
Martin Gleich frowns in his grave. A ship without a captain.
Mary Ann MCGarry who is at the helm?
Anyone who got a Guild FHA loan will line up for class action lawsuit next...
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