Read all about George here.
In honor of National Homelessness Awareness Week, the Professional Women in Building of the Building Industry Association gathered up four truckloads of food and gifts to benefit HomeAid Northern California shelters. The shelters included Mission Solano of Fairfield, Shepherd’s Gate of Livermore and Shelter, Inc. of Martinez. HomeAid was created and is supported by the … Continue reading
Met Life is concerned about the new regulations affects on their insurance business. B of A is getting out the correspondent business, because they are concerned about the affects Basel III puts on their capital via their servicing valuations. Mason McDuffie is a true mortgage banker, who’s only business is mortgages (not life insurance, not … Continue reading
It is a sad commentary on the state of our country that the dream of homeownership is just that “a dream” for many first time homebuyers. At a time when rates are at historical lows and home prices are down many people still cannot qualify for home loans. New homebuyers are paying for the sins … Continue reading
It’s hard to believe that Bank of America is exiting the Correspondent business. The thought is almost unimaginable given their sheer size and market share however sometimes the market takes care of everything. Hopefully BOA will be successful in selling the business and the ultimate purchaser will bring a new and energetic commitment to the … Continue reading
The trend continues. First BofA moves out of the Wholesale mortgage business, now they announce that they might sell or even just outright close the Correspondent mortgage channel. This is a clear trend with Banks getting out of the Mortgage business, now the nations largest in BofA. This shows that companies like Mason-McDuffie Mortgage will … Continue reading
Right now rates are fantastic! A recent article on Bloomberg suggests that Loan Rates are nearing a record low. If you are thinking about refinancing your mortgage, here are some things to consider. One benefit of a “Refi” is to simply reduce your monthly mortgage payment which allows you more spendable income. Depending on the … Continue reading
