Ex-TBW CFO pleads guilty to largest mortgage frauds in U.S. history

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Mortgage and Lending NMLS 291249

MORTGAGE LOCK ADVISORY 

April 2, 2012, 9:30 AM PST

Click for Lock Advice Updated Several Times Daily  

     

Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT 

Mortgage Points based on 3.5% Mortgage Backed Securities are dwon 0.19 point. 

 

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT 

 

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.99%
MBS (3.5%) - 102.97, High: 102.97, Low: 102.72   
DJI Stocks currently $13,276.71,  Up $64.67, Change 0.487%   
Asian & European Stock Market Indexes Up 0.407%   
Nymex Crude Oil Currently $104.69 Up $1.67   
Gold 1 Once - 1671.9 

 

MORTGAGE NEWS BRIEFS
Ex-TBW CFO pleads guilty to largest mortgage frauds in U.S. history.
Ex-CFO Delton de Armas, 41, admitted to helping his boss, Lee Farkas, pull off a $3 billion fraud scheme that brought down the nonbank as well as its chief warehouse lender, Colonial BancGroup, Montgomery, Ala.>>Read More National Mortage News

 

FHA bill to boost MIP caps moves forward in House
A House committee voted unanimously to pass a bill that looks to give a boost to the Federal Housing Administration through increased mortgage insurance premium caps and other changes. The FHA, under the bill, could charge up to 2.05% for its annual mortgage premium, up from a current 1.55% maximum... Read More HousingWire

  

FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video 

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video

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