Mortgage Industry News

Orange County Loans – loan brokers  in the OC – OC mortgage lenders – luxury OC Homes – purchasing coastal OC homes  - Buying a home – Financing a home in the OC – OC home loans

• NEW HOME SALES RISE – Fastest Pace in Five Months: 

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• According to Matthew Graham at Mortgage News Daily, mortgage rates can now be considered easily in line with all-time lows.

The bond markets rallied heavily today due to the sell-off on Wall Street, and Mortgage Rates  continued to improve. Most of the gains were seen in the form of lower borrowing costs today, but some lenders might see another eighth lower in rate. On average, rates are in line with all time lows. The best 30 year fixed rate is going to be in the high-3% range, with loans at no points and no fees in the 4′s! Call me right away to discuss what options are available to you!  Click Here to comment 

• First Centennial Mortgage was just recognized by Mortgage Technology Magazines one of the Top Tech Savvy Lenders in the United States:

“First Centennial Mortgage implemented new POS and doc management technology enabling its back office to go paperless up to closing…The retail and correspondent mortgage bank originates loans in eight states.” Click here to read more, comment, or see how others responded. Utilizing a paperless system allows borrowers to e-sign disclosures, saving them time and making the process efficient, and ensures a timely close of escrow.This is just one more step we’ve taken to make the loan process faster and easier for our clients! Click here to read more, comment, or see how others responded.

• Dino Katsiametis Appointed to Board of  the California Association of Mortgage Professionals: 

This week Dino Katsiametis, Partner of the California Division of First Centennial Mortgage Corporation was appointed to the Board of Directors for CAMP, the California Association of Mortgage Professionals. CAMP has a membership of over 4,000 mortgage professionals statewide, and its membership are among the most respected in the industry. Click here to read more, comment, or see how others responded. 

• Southern California Greeks capitalize on record low interest rates