Christine's Loan & Loan Modification Blog

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Mortgage and Lending - American Capital Corporation
This blog is for informational purposes regarding California, Orange County, Los Angeles, San Diego, Riverside, San Bernardino Home Loans. It also includes information about loan modifications. None of the information on this site is provided as legal advice, and all loan modifications including California loan modifications are referred out to Attorneys. This site is a site of opinion only.
RECENT BLOG POSTS
Thousands of adjustable rate mortgages, or ARMs, are about to reset in the next year. What does this mean for the housing market? Well, unfortunately, it could lead to a new wave of defaults and foreclosures in the market. These rates, which started off low, have the potential to adjust into high...
01/28/2010
The Mortgage Broker's Association reported today that refinance applications dropped about 15% from last week, while mortgage applications dropped 10%. This drop has been attributed to a lack of borrowers who can qualify for refinances, and also those with a desire to try. With unemployment not l...
01/27/2010
Yesterday, Bank of America announced it had agreed to participate in HAMP's new Second Lien Modification Program or 2MP, making it the first bank to do so. While Bank of America had been engaged in HAMP's loan modification programs, there were hang ups in the second lien modification agreements ...
01/27/2010
  The Federal Reserve has announced its plan to buy mortgage-backed securities is on track to end March 31st of this year. Out of its $1.25 trillion plan, it has spent about 92% of the monies allotted and foresees an on time completion of its purchases March 31st, 2010. According to the Fed, the ...
01/27/2010
The National Association of Realtors has reported a significant drop of home sales in December, likely attributed to the belief that the first time buyer tax credit set forth by the Obama administration was set to expire. However, the rates are expected to rebound since the tax credit has been e...
01/27/2010
With the federal loan modification program Home Affordable Modification Program looking like its success rates for permanent modification approval is going to continue to rise, how are the loans that have already been modified faring? According to most statistics, about half of the loan modificat...
01/27/2010
  NEWPORT MESA BUSINESS CENTRE. Newport Beach. Industrial.   Property: Superior Avenue 1,600 sq ft. Features: Reception, 2 private offices, 2 large open areas, wetbar, shower, 1 restroom, storage, warehouse, 1 truck door, HVAC Price: $1,840/mo, $1.15 MG, $94 monthly Common Area Charge Property: M...
01/22/2010
In a speech given on Jan 20, 2010, FDIC Chairman Sheila Blair made some surprising comments on the status of the commercial real estate market. In her speech, she notes that CRE loans make up almost $1.3 trillion dollars, which is 18% of the total loans and leases. Along with this, banks also hol...
01/22/2010
According to a source in the White House, President Obama plans on announcing plans to regulate the size of the risks banks are allowed to take as part of his financial reform package. The reform would place limits on the size of financial intuitions as well as regulating the amount of insured ca...
01/21/2010
  So, the federal loan modification programs Home Affordable Modification Program and Making Home Affordable have been out for almost a year now. What’s the verdict? By just looking at the numbers, the results have been less than encouraging. According to HAMP, there are anywhere between 3-4 mill...
01/20/2010
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Christine Hynes

Orange County Senior Loan Consultant
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