BREAKING NEWS: Fed unlikely to raise rates until at least 2014 - 01/25/12 01:44 PM
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BREAKING NEWS - 01/20/12 02:40 PM
Bank of America will halt originations of cash-out refinancings, citing what it calls a capacity problem. Source: National Mortgage News … (1 comments)

Tax Cut Extension Now Officially Raising Mortgage Rates - 01/19/12 01:01 PM
On Dec. 23, 2011, President Obama signed into law the Temporary Payroll Tax Cut Continuation Act of 2011. Among its provisions, this new law directs the Federal Housing Finance Agency (FHFA) to increase guarantee fees charged by Fannie Mae and Freddie Mac (Government Sponsored Agencies or GSEs) from the average guarantee fees charged by these companies in 2011 on single-family mortgage-backed securities. This requirement is effective immediately, meaning that the average guarantee fees charged in 2012 needs to be greater than the average guarantee fees charged in 2011. The increase in the Guaranty Fee or "G-Fee" as it's called, equates to … (0 comments)

 
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Thomas Crate, CA DOC, NMLS #332624

Lake Arrowhead, CA

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Mountain West Financial

Address: 27236 Hwy. 189, Blue Jay, CA, 92317

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