mortgage: Congratulations To The LA Angels Of Anaheim- Overcoming Adversity With Another AL West Title
- 09/28/09 06:13 PM
When Anaheim Angel pitcher Nick Adenhart was tragically killed in a car crash the first month of the 2009 season, the team's year was in question. Adenhart was 22 years old and the top pitching prospect in their organization. He had just pitched 6 scoreless innings the night that he was killed. Led by one of the best managers in baseball, Mike Scioscia, the Angels came together as a team and rallied around their adversity. Tonight, they beat the Texas Rangers and clinched the American League Western Division. About 10 minutes into their celebration in the clubhouse, the Angels surrounded … (9 comments)
mortgage: Africa Again- Getting Ready For Another Trip To Nigeria
- 09/27/09 01:26 PM
In addition to taking care of many clients these days, my family is preparing to go back to Legos, Nigeria on a philanthropic trip. We leave in October and will be gone for 10 days. My wife and I are in charge of photography and video for the journey. This is one of the main reasons that I do mortgages and refinances- to finance these trips and help people in need. Once you have travelled to a third world country, you will never be the same. Extreme poverty is devestating. People in other places in the world truly have nothing … (3 comments)
mortgage: Southern California Mortgage Rates Fall Again- Refinance Activity Spikes
- 09/23/09 05:51 AM
According to the Mortgage Bankers Association, applications to purchase or refinance a home spiked by 12.8 percent this week. Refinances are accounting for almost 2/3 of all mortgage activity (64%). Mortgage rates have been steadily falling since June of 2009 and are now under 5 percent again. The MBA reports that the average interest rate for a 30-year, fixed rate mortgage fell to 4.97% from 5.08% the week before.
JB Brookman Refinance Expert Senior Home Loan Consultant 310.502.9877 Mortgages and Refinancing: Westlake Village and Calabasas to Malibu. … (0 comments)
mortgage: Mortgage Rates Finally Have A Good Day!
- 06/02/09 09:14 AM
With the recent news that mortgage rates have jumped up, today's positive market movement was like a breath of fresh air! Bank of America reported that the Fed is likely to buy more mortgage bonds in a response to the higher interest rates. Again, in this volatile market, it is best to get your refinance application and paperwork in and float your rate until we see an ideal day to lock.
JB BROOKMAN SENIOR MORTGAGE CONSULTANT SOUTHERN CALIFORNIA REFINANCE SPECIALIST CASTLE HOMES AND ESTATES 310.502.9877 WWW.TEAMJB.COM jb@castlehomesandestates.com Serving the cities of Beverly Hills, Ladera Heights, Culver City and beyond... … (0 comments)
JB BROOKMAN SENIOR MORTGAGE CONSULTANT SOUTHERN CALIFORNIA REFINANCE SPECIALIST CASTLE HOMES AND ESTATES 310.502.9877 WWW.TEAMJB.COM jb@castlehomesandestates.com Serving the cities of Beverly Hills, Ladera Heights, Culver City and beyond... Southern California refinance specialist JB Brookman. 310.502.9877 "Because We Know Your Home Is Your Castle"
… (0 comments)
mortgage: Mortgage Interest Rate Tip For Those Deciding To Refinance
- 04/17/09 08:17 AM
A little interest rate tip for those considering whether to refinance or deciding whether to lock in their rate... The New York Federal Reserve, yesterday, reported that it purchased 21.7 billion dollars worth of MBS (mortgage backed securities) from April 9 through April 15. The purchases were mainly concentrated in the 4% to 6% coupon range. What this does is tell us that mortgage interest rates have little chance for more improvement... unless, the FED starts purchasing 3% to 3.5% coupons.
JB BROOKMAN SENIOR MORTGAGE CONSULTANT SOUTHERN CALIFORNIA REFINANCE SPECIALIST CASTLE HOMES AND ESTATES 310.502.9877 WWW.TEAMJB.COM jb@castlehomesandestates.com Serving the … (0 comments)
mortgage: Devastation in Los Angeles Schools- 5400 Layoffs Voted By LAUSD
- 04/14/09 03:51 PM
The State of California and Los Angeles County took another big hit today when the Los Angeles Board of Education voted to lay off as many as 5400 teachers and support personnel for the upcoming school year. This is another blow to the educational system in the LA area. LAUSD employees protested outside the meeting today, to no avail. LAUSD is the second largest school system in the United States. There is a $596 million budget shortage for the next school year. One ray of hope from the day... the board voted to save the jobs of over 1900 elementary … (1 comments)
mortgage: Mortgage Market Wrapup April 14, 2009
- 04/14/09 11:31 AM
The 4.0% mortgage bond was higher for the second day in a row. This is great for mortgage rates (driving them down). The bond gained 28 basis points to close at $100.19. Poor retail sales, low producer inflation and the FED purchasing a larger portion of Treasuries were responsible for the rise. Retail Sales fell 1.1% in March, which was surprising to a market which was expecting a very small gain. The FED purchased 7.3 billion dollars in issues maturing between 2013 and 2016. The purchase was larger than usual and this helped mortgage bonds. Goldman Sachs shares fell 11.6% today and … (0 comments)
mortgage: Culver City Town Hall Meeting: Tonight- Monday March 30, 2009
- 03/30/09 07:56 AM
Culver City Town Hall Meeting 7:00pm Monday March 30, 2009 Venue: Mike Balkman Council Chambers 9770 Culver Blvd Culver City, CA 90232 Contact/Info: Martin Cole (Asst. City Manager/City Clerk) (310) 253-6000
The focus of this Town Hall Meeting will be to discuss the public notification process; early community involvement in the development process; and the financial condition of the City. All members of the public are welcome to attend. … (0 comments)
mortgage: Cost of the Worldwide Credit Crunch- Cyberdrifters
- 03/19/09 12:25 PM
Despite the state of our economy or our circumstances, we have to continue to be thankful every day for what we DO have. A statistic emerged last week that 45% of the world's wealth has dissapeared in the past year. This is a fascinating video about the way the credit crisis has hit Tokyo. As you watch, take a second and thank God for the many blessings we enjoy every day.
JB BROOKMAN SENIOR MORTGAGE CONSULTANT SOUTHERN CALIFORNIA REFINANCE SPECIALIST CASTLE HOMES AND ESTATES 310.502.9877 WWW.TEAMJB.COM jb@castlehomesandestates.com Serving the cities of Beverly Hills, … (0 comments)
mortgage: Los Angeles County- Beware of Property Tax Scam
- 03/19/09 09:26 AM
There is an ongoing property tax scam being perpetrated here in Los Angeles County.Private companies are mass-mailing Los Angeles County residents with official looking letters that charge property owners an unreasonable fee to file a "Decline in Value Reassessment Application (Prop 8)". These solicitation letters are formatted in a way that could mislead people to believe that they are from the County. These letters can confuse homeowners into paying as much as $179 to file for a Prop. 8 Decline in Value Review when the assessor may be doing this already and/or the homeowner can easily file FOR FREE! Please, if you … (0 comments)
The Federal Reserve (FED) today announced that they will be purchasing long-term government bonds for the next 6 months to the tune of $300 Billion! The FED will also be purchasing more mortgage-backed securities (MBS) which are guaranteed by Fannie Mae and Freddie Mac. They will buy an additional $750 Billion (to bring their total purchase to an amount of $1.25 Trillion) in these securities. They will also be purchasing more of the Fannie Mae and Freddy Mac debt.
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CALL TO ACTION: If you have been waiting to act... STOP. If … (0 comments)
mortgage: Running From the Paparazzi- A Running Tour Through Beverly Hills
- 03/17/09 03:08 PM
Question: How many afternoons do you get to exercise, hang out with Hollywood Stars on Rodeo Drive and have a cupcake at Crumb's??? Answer: You get to do them all when you call Off 'N Running Tours and take their running tour of Beverly Hills on the "Running From The Paparazzi" 4 mile run!
As a former runner and 7-time Marathon finisher, this unique tour caught my eye! From Wilshire Boulevard to Rodeo Drive and through Hollywood, this tour takes you through Beverly Hills and allows you to see celebrities, window shop and burn some calories at the same time! … (3 comments)
The guest speaker is retired Sergeant Early Lincoln. He will be speaking on Elder Abuse. The CAC chair, Lorinee Jackson, wrote that "this is an important subject to be informed about unfortunately is is happening more than you may think, maybe to an elderly neighbor or even a family member." Tens of thousands of elderly Americans are abused in our country every year. It happens in their homes, in their families' homes and even in elderly care facilities. By learning … (0 comments)
mortgage: Reminder: Spring Forward Tonight! Daylight Saving time!
- 03/07/09 04:14 PM
Just a quick reminder to set your clocks ahead by an hour as we enter daylight saving tonight at 2am. Did you know??? Officially, the spelling is "Daylight Saving Time" and not "Daylight Savings Time." The idea of Daylight Saving was started by Benjamin Franklin in 1784. He also penned the proverb: "Early to bed, early to rise, makes a man healthy, wealthy and wise."
The law to preserve daylight and provide standard tie for the US was established on March 19, 1918 All Amtrack trains that are running on time will stop for one hour at 2am, in order … (3 comments)
After a monumental week of long negotiations, the state legislature sent the budget on to Governor Arnold Schwarzenegger on Thursday. I'll write more about this later. Expect higher taxes and lots of cuts in spending. The stock market fell again today, closing over 100 points down at 7365 (Dow Jones). This is the lowest close in 11 years. General Motors stock hit 74 year lows today. Mortgage rates continue to be very attractive for those who have solid credit, equity and employment.
mortgage: Obama Signs Stimulus Package Into Law, Stocks Fall Again- Notes On The Economy and Mortgages
- 02/17/09 07:41 AM
I'm writing this post in the last half hour of the stock market being open today... so, I'm trying to wait things out before posting the final numbers... Notes On The Economy and Mortgages (Week of February 17th) Today, President Barack Obama signed the $787 billion economic stimulus package into law. My opinion on the package? It's going to take time and patience to see the results of this legislation. We won't know for months and possibly years what the ramifications are. What we can do is continue to seek out professionals who will take the time to educate and consult … (4 comments)
The markets did not react so favorably. The Dow Jones fell over 4 percent today- down 382 points! Wall Street seemed frustrated with the perceived lack of specifics from Treasury Secretary Timothy Geithner. Fed Reserve Chairman Ben Bernanke also testified at a House Financial Services Committee hearing and did not elaborate any further. This seemed to further extend the stock market slide. The financial sector led the losses with 10.9% overall … (9 comments)
mortgage: Today: Stimulus Package Test Vote Makes It/Obama's First News Conference
- 02/09/09 06:44 PM
Today- Monday February 10, 2009 Today the proposed $838 billion economic stimulus bill barely made it through the test vote in the Senate. 60 votes were needed to send it on to tomorrow's probable passage. The vote ended up at 61-36.
President Barack Obama held his first prime-time news conference tonight. The President said, "The plan is not perfect,. No plan is. I can't tell you for sure that everything in this plan will work exactly as we hope, but I can tell you with complete confidence that a failure to act will only deepen this crisis as well as … (1 comments)
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