Just a quick market update. If anyone currently has a loan in process, please call your Loan Officer today to ensure he or she has locked your rate. I’ve already received around 10 emails today from lenders telling me that their guidelines are changing and any loans not already locked will be subject to the [...]

Conforming interest rates dropped again this week, but Jumbo rates have gone haywire; my price checks are coming back 1-1.5% higher than usual on Jumbo loans. Investor’s have been a little shaky lately; first it was Subprime, now it’s Jumbo that’s taking the hit. My advice? If you’re looking to refinance a Jumbo loan, wait [...]

Well everybody, this blog has only been around since March or so and I’ve already achieved a #1 Ranking on Technorati. For those of you unfamiliar with Technorati, it’s a social bookmarking site similar to Digg that allows members to bookmark favorite online articles and blogs. Additionally, it ranks blogs based on popularity; achieving a [...]

Welcome to the first edition of the Truthful Lending dot Com Monthly Roundup! I’ll use these monthly updates to key you in on pertinent mortgage, real estate, and financial news, information and tips you may have never heard. I’ll also use this opportunity to mention some of the most important posts from this month that [...]

Well, it happened; the #1 subprime loan, what we in the mortgage business affectionately refer to as the 2/28 (2 years fixed, 28 years adjustable), also known as a band-aid loan, is no more. 2/28 swims with the fishes boys and girls, and it’s another notch on the belt of the subprime grim reaper. It [...]