upfront mortgage banker: California Wholesale Interest Rates for 30 Yr. Fixed - Pricing for June 18. - 06/18/10 12:07 PM
 
Pricing for California Wholesale Interest Rates has remained at historically low levels this week so the "par" or wholesale rate is still closest to  4.375%.
 
 
This was for the 30 Yr. Fixed for a Conforming Loan for June 18.
 
The table below is the result of my daily Loansifter search to find the best wholesale interest rates for a typical scenario from my company approved lenders in California. 
 
Note that pricing can change at anytime throughout the day, and your pricing may be different based upon your particular scenario.
 
This morning, June 18, … (0 comments)

upfront mortgage banker: California Wholesale Interest Rates for 30 Yr. Fixed - Pricing for May 14. - 05/14/10 11:20 AM
 
Pricing for California Wholesale Interest Rates was mixed today while the "par" or wholesale rate edges closer to 4.625%. 
 
 This was for the 30 Yr. Fixed for a Conforming Loan for May 14.
 
The table below is the result of my daily Loansifter search to find the best wholesale interest rates for a typical scenario from my company approved lenders in California. 
 
Note that pricing can change at anytime throughout the day, and your pricing may be different based upon your particular scenario.
 
This morning, May 14, 4.625% has a price of 99.845.  … (2 comments)

upfront mortgage banker: From Upfront Mortgage Broker to Upfront Mortgage Banker - The Final Chapter - 04/25/10 10:49 PM
 
From Upfront Mortgage Broker to Upfront Mortgage Banker - The Final Chapter
 
This  is the final chapter in the saga of how I went from an Upfront Mortgage Broker to an Upfront Mortgage Banker.
 
If you would like to read Part I and Part II, click on the links. Part I Part II
 
Where I left off last was how I received permission to act like an Upfront Mortgage Broker - and let my borrowers know my compensation, and give them credit for any rebate, even though I was not REQUIRED to disclose the rebate as … (4 comments)

upfront mortgage banker: From Upfront Mortgage Broker to Upfront Mortgage Banker - Part II of III. - 04/25/10 02:10 PM
 
From Upfront Mortgage Broker to Upfront Mortgage Banker - Part II of III.
 
In Part I, I left off at the point where I had decided to change companies - actually because I wanted to have the ability to do FHA loans.  My old company, Clarion Mortgage, could not do FHA loans.
Interestingly, the owners of the companies (my old one and my new one), were some of the same individuals, but they had to set up a separate company to do FHA loans.  This separate company, Catalyst Lending, is also considered a Mortgage Banker because they have … (6 comments)

upfront mortgage banker: From Upfront Mortgage Broker to Upfront Mortgage Banker - My Story - 04/25/10 01:08 PM
 
From Upfront Mortgage Broker to Upfront Mortgage Banker - My Story.
 
I have been proud to have been an Upfront Mortgage Broker for many years.  However, because I recently changed companies, the bylaws of the Upfront Mortgage Broker's organization made it necessary for me, and many others, to resign.   Since my new company is a "Mortgage Banker," I asked and received permission to call myself an "Upfront Mortgage Banker".  I am writing this post for my clients to explain this transition and to assure them that my business model has essentially not changed.
 
This post will be somewhat … (2 comments)

 
Rick Pelleriti-MBA. American Capital Corp. (American Capital Corporation) Rainmaker_large

Rick Pelleriti-MBA. American Capital Corp.

Penn Valley, CA

More about me…

American Capital Corporation

Address: 1741 East Roseville Parkway #500, Roseville, CA, 95661

Office Phone: (530) 205-9145

Cell Phone: (408) 672-1980

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