loanloans in sylmar loans in van nuys john severino symphony mortgage company: We Can Flip? Bush helps today - 06/16/08 06:30 PM
Ok all you investors out there and those doing loans in Van Nuys and Home Loans in Sylmar and Still doing loan in California we have news for you.
Dateline 6/13/08 Washington DC anounces that the Bush admin. has suspended the current flipping rule for FHA. If you were doing an FHA loan in Van Nuys or Sylmar or a home loan in California or the US you could not qualify for an FHA loan unless the previous owner held that property for at least 90 days and even that was questionable. Now it's over at least for a year. You … (5 comments)
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loanloans in sylmar loans in van nuys john severino symphony mortgage company: Getting Green - 06/11/08 02:55 PM
Even while doing loans in Sylmar and Van Nuys and working for First Time homebuyers in California, we try to be green.There is an ongoing need to conserve energy and reduce waste. Many people are starting to make greener choices, do whats best for the environment and lessen their impact on the earth. The common phrase is Go Green and there are both very simple and inexpensive steps we can all take that will add up in a big way.While doing loans from Sylmar CA to Van Nuys and all the San Fernando Valley in the City of Los Angeles, Bring … (3 comments)
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loanloans in sylmar loans in van nuys john severino symphony mortgage company: New Century; What Happened - 03/15/07 01:04 AM
I have been asked by many people about the "subprime meltdown". The questions seem to be centered on why or how this could happen. In order to answer this question one has to understand how most subprime and for that matter prime lending happens.
When mortgages started the premise was simple. A bank accepted deposits from their customers. The bank would then loan a portion of all their deposits. They would need more and more deposits to be able to make more and more loans. Eventually this changed.
Mortgage banks are not banks at all. New Century and most other mortgage lenders use a different … (10 comments)
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