• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

News from PHH on USDA, FAMC on broker comp; lenders responsible for UW, not CPAs

How does a 33 year old non-athlete, non-heiress, non-actress, non-model obtain enough money to buy a $10 million house? Well… StarterHome? Many people beside the daughter of an ex-president are on the move. In recent years, per the Census Bureau, numerous metropolitan statistical areas, “micropolitan” statistical areas, and counties that were among the fastest-growing last year were located in, or at least near, the Great Plains and West Texas. The

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Mortgage Bankers Profits Increase to Nearly $2,500 Per Loan in Q3

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan they originated in the third quarter of 2012, up from $2,152 per loan in the second quarter, as reported by the Mortgage Bankers Association (MBA). Seventy percent of the 311 companies that reported production data for the third quarter report were independent mortgage companies. “Both purchase volume and refinancing volume increased in the third

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Federal Reserve Rocks Rates Hard

Federal Reserve Rocks Rates Hard Rates got even better last week.  This was huge.  Rates got way better thanks to what Ben Bernanke recently said.   This brings forth the idea that rates are going to be in the twos.  Right? WRONG!  That’s right it’s wrong!  Though this creates relief for loan officers wanting to lock loans and helps clients have their desired locks honored, the secondary market is in for a headache. 

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June 22: Mortgages in Canada; of course the borrower is paying for higher lending costs – did our gov’t think lenders would?

Want some good news? My grades did not qualify me for admittance to Harvard (that is not the good news), but that institution put out good research material that ispositive for housing this year. Here is some on housing for 2012. If you have ADD, like me, at least click on “Signs of a Turnaround in the U.S. Housing Market: 2012 State of the Nation’s Housing Report Released” and peruse

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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