Dock Street Mortgage Team

This bill would make trigger leads illegal. It would be so important to have this pass. People report getting over 200 calls in the first 24 hours from unsolicited people when they have a mortgage pull. This is got to stop. 

www.votervoice.net

Purchase and sale agreement signed 3/25, approval 1 day, Closing Disclosure out today, Day 3! Whoa, speed!

My office today!

22 CALENDAR days from Mutual Acceptance to Funding, and borrowers signing from the comfort of their own home with a virtual remote signing! Some Happy Folks! That makes ME happy too!

Unlock your dream home with ease and confidence by working with an independent mortgage broker. Call us today to get started!

BREAKING ***GOOD*** NEWS!!

The Federal Housing Finance Agency (FHFA) announced today, 5/10/2023, that it would rescind controversial loan-level pricing adjustments (LLPAs) for conventional borrowers with debt-to-income (DTI) levels at or above 40%.

The FHFA, which regulates Fannie Mae and Freddie Mac, had previously delayed implementation of the DTI LLPAs until August following a chorus of upset from mortgage industry stakeholders, including the influential Mortgage Bankers Association (MBA).
Mortgage industry lobbyists and practitioners alike complained that the fee was "unworkable" and would result in logistical and compliance nightmares, as well as confusion and mistrust from borrowers.

Becky's thoughts: The fee was going to be .875% of the loan amount, and this was going to be so difficult and expensive. What if the income submitted was changed and less was allowed and the lock was without the LLPA for debt load over 40%? Ugg, the conversations!
Keep talking to your congress people, and this is great news to celebrate!

https://www.mbshighway.com/gallery/May2023-5-9-2023-png MBS Highway’s May 2023 Housing Survey showed that home prices have passed an inflection point and are moving higher. This marks the 5th-straight month of improving activity levels and sentiment. 72% of respondents characterized their local buyer activity as ‘Very Active”, ‘Somewhat Active’, or ‘Steady’, which is the highest level in 9 months. Overall pricing pressure is now upward, with 53% of respondents reporting price increases, versus only 19% reporting price reductions. The turnaround has been dramatic: in December 2022, only 3% of respondents reported price increases, while 78% reported price decreases.

Becky's thoughts: Change is happening again. I'm a sailor. It's like when the wind starts with gentle gusts, and before you're really aware of it, the wind is up. We've been in a lull for 8 months. It's a changin'. My "wind" is the level of phone activity and questions. It's picking up. If you're waiting for the market to drop, you already missed the small correction that happened over the past 8 months. I predict it's going to be a hot summer in purchase competition land. Have questions? Call/text/DM me.

MBS Highway Housing Survey MBS Highway’s May 2023 Housing Survey showed that home prices have passed an inflection point and are moving higher. This marks the 5th-straight month of improving activity levels and sentiment. 72% of respondents characterized their local buyer activity as ‘Very Active”, ‘Somewhat Active’...

Loans above the conforming loan limit are known as Jumbo loans. If you have a high credit score and the income to match, a Jumbo loan can help you live large. Jumbo loan limits can vary, but I’ll help you find out exactly how much you can spend. Call today!

https://www.youtube.com/watch?v=65b57ljnEY8

Have questions about whether reverse mortgage might be right for you? (Yep! you gotta be at least age 62).

Reverse Mortgage vs Cash Out Refinance? If you are an older homeowner and are looking to pull equity out of your home, I think you will be surprised to learn that a reverse mortgage may be a better...

Getting a VALUES match is critical for success. These values resonate with me!

The best time to talk about this is BEFORE you file! DM me for details.

We lend in the following states! (More being added). Let us know how we can help!

Washington
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California
Arizona
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Hawaii

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Paperwork pushing you over the edge? We'll help you save time and your sanity with e-docs! Call us today to learn more.