va loans san diego: San Diego Mortgage News - July 17, 2013 - 07/17/13 03:04 AM
Bernanke’s prepared text was out at 8:30 this morning (way early) before his 10:00appointment at the House Financial Services Committee. He is saying that the central bank’s asset purchases “are by no means on a preset course” and could be reduced more quickly or expanded as economic conditions warrant. “If the outlook for employment were to become relatively less favorable, if inflation did not appear to be moving back toward 2 percent, or if financial conditions -- which have tightened recently -- were judged to be insufficiently accommodative to allow us to attain our mandated objectives, the current pace of purchases could be maintained for … (0 comments)

va loans san diego: This Week in Mortgage - Monday July 15, 2013 - 07/15/13 10:23 AM
This Week; there are a number of key economic releases but the major focus this week is Bernanke testifying in the House and Senate on the economy, employment and inflation. Likely he will field a lot of questions from politicians about what the Fed intends to do with its QEs and more grilling on the state of the economy and unemployment that refuses to subside. He goes before the House Financial Services Committee on Wednesday and then to the Senate’s Banking Committee on Thursday.    At this moment markets continue to lean towards the Fed beginning to taper as soon as Sept but Bernanke is keeping markets … (0 comments)

va loans san diego: San Diego Mortgage News - June 13, 2013 - 06/13/13 04:30 AM
Japan’s stock market took another huge hit last night taking the Nikkei index down 6.0% and now trading in bearish territory. The reaction sent the US stock indexes down and dropped the 10 yr note yield to 2.18%. Europe’s stock markets also were it hard on the Japanese selling. US economic data at 8:30 stopped the global slide in stock markets although Europe is still weaker; US stock indexes at 9:00 were pointing to an unchanged opening and the improvement in the bond market lost much of its gains. Weekly jobless claims were down 12K to 334K, estimates were for claims to have increased 4K to … (0 comments)

va loans san diego: The Lending Company, Inc. San Diego Mortgage Banker Derek McClintock - 01/27/13 04:29 AM
We are a purchase focused company with excellent turn times!  We also are amazing at refinancing your home loan and keep our refinances under 30 days (unlike the bigger lenders / banks).  We are able to offer basically all loan programs available in today's mortgage market.
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Everything is done in-house from processing to underwriting to doc drawing to funding!
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va loans san diego: Derek McClintock Mortgage News - Friday December 7, 2012 - 12/07/12 01:48 AM
It is the first Friday of the month; the day when chaos reigns. The Nov employment report, as most BLS reports, didn’t disappoint with volatility and numbers that missed estimates by a wide margin on unemployment and job creation. Estimates were “certain” non-farm job increase would be +86K, non-farm jobs increased 146K; private job increase was widely believed to have increased 90K, private jobs increased 147K. The Nov unemployment rate was also widely expected to have increased to 8.0% frm 7.9% in Oct, the unemployment rate fell to 7.7%, the lowest level since Dec 2008. Revisions to previous months had jobs … (0 comments)

va loans san diego: Mortgage News - Tuesday November 20, 2012 - 11/20/12 03:19 AM
Treasuries and MBSs started lower this morning (price) with pre-market futures trading pointing to a soft open in the stock market. At 9:00 the 10 yr at 1.63% +2 bp and MBS price +2 bp frm yesterday’s close. At 8:30 Oct housing starts and permits were released; starts were expected to have declined but as reported up 3.6% while permits were in line at -2.7%. Starts are at a four year high but well off the norms that were seen prior to the housing market collapse, in the early 2000s starts were at about 1.2 mil annualized units, Oct starts were … (1 comments)




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