Mortgage Street Smarts

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Mortgage and Lending - AmeriFirst Financial Inc, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!

ARCHIVED BLOG POSTS

2015 

The TILA/RESPA Integrated Disclosure Rule (TRID) will be officially implemented on August 1, 2015 and will significantly impact the timelines associated with closing any escrow involving a mortgage.  It is imperative that all Real Estate Agents take time to understand these impending changes, as ...
05/18/2015
Brutal day yesterday! Mortgage Backed Securities opened much lower this morning, but have since moved back to flat/positive territory following weaker than expeted JOLTS data and a bounce back from large declines yesterday.Compared to yesterday's closing, the market has opened within 0.125 to the...
05/12/2015
Yet another tough day for mortgage rates! Mortgage Backed Securities have contnued to trend down despite weaker than expected ADP Employment data. First quarter productivity came in at the consensus.Compared to yesterday's closing, the market has opened with a 0.125 - 0.250 worsening the Points/C...
05/06/2015
Yet another volatile morning thus far with the cost to acquire interest rates getting higher. Trade Deficit and ISM Services Data reports are partially responsible for fueling this increase in mortgage pricing.Compared to yesterday's closing, the market has opened with a 0.125 - 0.250 worsening t...
05/05/2015
Construction Spending, the ISM Index, and Consumer Sentiment reports all came in below expectations today. However, a rally in stocks has moved Mortgage Backed Security prices lower this morning after a rally yesterday afternoon.Compared to yesterday's closing, the market has opened with a 0.125 ...
05/01/2015
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Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
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