Mike Berrios's (mberrios) Blog

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Mortgage and Lending - Integrity Home Finance - NMLS 155795
RECENT BLOG POSTS
If you're like most soon-to-be new homeowners waiting for your house to close, you keep thinking of projects you can do and things you need to buy to make your home just right. It could be the carpeting that doesn't match your furniture, or maybe you don't want your old refrigerator in your new ...
05/12/2010
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Market Color: How many times is it appropriate to say "What?" before you just nod and smile because you didn't hear or understand a word the individual said?   How many times can you point to the same excuse or reason for what is going on in the market before you repeat yourself.   Same song agai...
05/07/2010
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Market News: The tug of war continues about who is going to have the responsibility to regulate independent mortgage bankers. Senate Republicans are pushing for a division of consumer protection within the FDIC to oversee nonbank mortgage firms and write consumer regulations. The proposal also w...
05/07/2010
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  Market News: Financial reform moved closer to a bill as the Senate cleared a hurdle on May 6, when Democrats blocked a GOP attempt to dilute the size and scope of a consumer regulator designed to safeguard borrowers from lender abuses. They did so by garnering the support of two key Republican ...
05/07/2010
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Market Color:   Can civil unrest in one part of the globe lower mortgage rates?  Apparently so and oversized fingers on a stock market trade for some lucky trader who will have some explaining to do that sold 38 billion shares of Proctor and Gamble instead of 38 million shares can contribute as w...
05/07/2010
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As we watch the financial reform bill inch forward, which will have a sweeping impact on our business, beside lobbyists, others are concerned about the direction of the bill.   Since Freddie and Fannie are not a part of the bill and the government sector is over 95% of loans being made today, con...
05/05/2010
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Market News:  The Rural Housing Service has enough remaining loan commitment authority to continue guaranteeing single-family loans through May 6, according to the Department of Agriculture. "We anticipate funding likely will be exhausted by May 7," the agency said. It was understood RHS would ru...
05/05/2010
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Market News:  The Rural Housing Service has enough remaining loan commitment authority to continue guaranteeing single-family loans through May 6, according to the Department of Agriculture. "We anticipate funding likely will be exhausted by May 7," the agency said. It was understood RHS would ru...
05/05/2010
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Market News: Since the FED has backed out the MBS market and the expectations that rates would go up as much as 1/2 of 1% thankfully did not materialize, will we see the same with our purchase market now that the tax credits are expired. The National Association of Realtors expects activity to de...
05/05/2010
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Market Color:   Most people don't know that in 1912, Hellmann's mayonnaise was manufactured in England.  In fact, the Titanic was carrying 12,000 jars of the condiment scheduled for delivery in Vera Cruz, Mexico, which was to have been the next port of call for the great ship after its stop in Ne...
05/05/2010
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Mike Berrios

CMPS, CMA, CLA
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