East Bay Mortgage News

Cari Anderson's East Bay Mortgage Update for June 28th 2010 Economic News:  The only news released today was the Personal Income & Outlays report.  Personal Income showed a nice gain in May as well as a 1.6% increase in the year over year numbers.  Month over month consumer spending rose slightly...

Cari Anderson's East Bay Mortgage Update for June 25th 2010 Economic News:  The Existing Home Sales numbers announced Tuesday were a bit of a disappointment and the estimated annual sales rate came in much lower than expected.  The New Home Sales figures announced on Wednesday also disappointed t...

Cari Anderson's East Bay Mortgage Update for June 21st 2010 Economic News:   Not much in the way of any pertinent economic news this morning but will be greeted with more as the week progresses.  The Federal Open Market Committee (FOMC) will convene this week and the consensus is that overnight l...

Cari Anderson's East Bay Mortgage Update for June 17th 2010 Economic News:  Tuesday's Housing Market Index (produced by the National Association of Home Builders) showed weakness in the sector post tax incentives.  The index for May was measured at 22 and the initial reading for June is 17.  Wedn...

Cari Anderson's East Bay Mortgage Update for June 14th 2010 Economic News:  No economic news for today but the equity markets started the week off on a positive note but gave back most of the gains by the afternoon.  As the week progresses we have a fairly significant number of reports due that w...

Cari Anderson's East Bay Mortgage Update for June 11th 2010 Economic News:  On Wednesday the Mortgage Bankers Association released figures noting that purchase applications as of June 4th were 35% lower than four weeks ago.  There seems to be a bit of softness following the expiration of the tax ...

Cari Anderson's East Bay Mortgage Update for June 8th 2010 Economic News:  There is really nothing on the economic calendar for yesterday and today.  There is 70 billion dollars in US Government bond offerings over the next few days but global economic concerns seem to overshadow any weakness in ...

Tips for preserving your credit during the loan process My last post mentioned that lenders ordering a pre-closing credit report and comparing it to the initial credit report may become standard practice. With this in mind, the following tips could help borrowers ensure that no surprises come up ...

Anyone currently applying for a home loan should be aware that after June 1st, lenders will start ordering a second credit report prior to the loan closing. This move is mainly in response to an initiative by Fannie Mae, one of the largest companies that purchases mortgage-backed securities in th...

East Bay Mortgage Update by Cari Anderson with Diversified Mortgage Group Economic News:  Wednesday's Pending Home Sales Index was robust and the index rose from 102.9 to 110.9 and is up 22% in the year over year comparison.  The ADP employment report was looking for a rise in May payrolls of 55,...