2010 – A new decade, and time to shrug off the credit crisis of
the past 3 years. We are definitely seeing signs of a re-emerging
secondary market for other products in addition to
the FHA/VA purchase business. Despite substantial amounts of REO’s, Foreclosures, short sales and auctions, we are seeing
many areas reflecting signs of stabilization of values and
opportunity for profit. Our Grand Jumbo investor recently
reclassified many counties in California from “Declining” to
“Stable”, allowing a 5-10% increase in LTV%.
FHA and VA loans are still a high priority for us, but we are on
the lookout for sensible new products to implement this year. We
recognize that the new RESPA and HVCC compliance requirements
make everyone’s job in our industry a bit tougher, but the
bottom line is we will continue to approve deserving borrowers
and make the process flow as smoothly as we can.
have knowledgeable Account Mangers, very experienced Government
loan underwriters, seasoned Secondary Marketing personnel and a
top notch Operations staff that help our valued brokers get the
most expeditious loan for their borrowers. We are still a SUDDEN
IMPACT, PROBLEM SOLVING, DYNAMIC TEAM that helps borrowers meet
their financing needs for that new home, 2nd Home or
investment property – in several states.
Thank you for your continued business and remember “This is the
year to make things happen.”