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Home loan rates continue to hover near all-time lows, but there are three reasons why they should have improved but didn’t. Let’s take a look at some of the “Bond-friendly” news from this week that was unable to push mortgage-backed security (MBS) prices higher and home loan rates lower. Unemployment: The unemployment line is growing. This…

What If I Lost My Job After I Applied for A Mortgage? When you first apply for a loan, there’s an income verification process. If you lost your job or have been furloughed due to COVID-19, then you’ll want to report this status change to the lender. It’s common practice to verify the income once…

Breaking NEWS!!   Fannie, Freddie Will Buy Loans In Immediate Forbearance The Federal Housing Finance Agency (FHFA) this morning announced that it is approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by government-sponsored enterprises Fannie Mae and Freddie Mac. “We are focused on keeping the mortgage market working for current…

In spite of Covid-19 Market conditions, Our construction solutions are ramped up. Dan Cassel and Trinity Mortgage Brokers work with solid loan sources to place and fund both Primary and Investment Construction Loans and Real Estate Investment Solutions in Southern and Central California, non rural. We are generally able to close these loans in less…

The CARES Act helps ease some of the financial burden on homeowners with help thru a government-backed loans. Homeowners with these loans who have lost income due to the COVID-19 can suspend mortgage payments for up to 12 months. This law also pauses foreclosures, foreclosure-related evictions, and changes credit reporting during the health crisis. In…

The answer is YES!! Since 2009 Dan Cassel and The Trinity Mortgage Broker Team have been committed to helping Families, Self Employed Borrowers and Business Owners use Full Documentation AND-OR Alternative “Lite Documentation”, and other Home Loan solutions as we navigate the often “confusing” and “shifting” world of Real Estate Loans. Mortgage Market 4.9.20: While many…

This past week, thanks to the Federal Reserve, home loan rates declined. The high uncertainty around the coronavirus and its impact on homeowners and mortgage payments created a dire need for liquidity in the mortgage-backed security (MBS) market. This is a huge problem. This is where the Fed came to the rescue by providing liquidity.…

As the Coronavirus worries continue to spread, Dan Cassel and the Trinity Mortgage Broker team are ALL IN to help others and we have extended our hours!! Here is a Note from Dan Cassel: As a “small business owner” and Independent Mortgage Lender since 1992, my family and staff are alarmed, like you are with…

The Federal Housing Finance Agency (FHFA) has announced two new policies designed to assist the mortgage markets in the midst of the ongoing COVID-19 crisis. The FHFA has directed the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to begin offering alternative flexibilities to satisfy appraisal requirements and employment verification requirements. This policy change, which…

 YES!!   Now is still the time to get a Mortgage loan and just please realize it will take time to work thru the banks. The general shift to bonds over equities has helped put many lenders in a stable position and even caused increased demand from institutional investors for private non-owner-occupied mortgage-backed bonds, which are preferred due…