Kevin O'Connor

Dodd-Frank Replacement Financial CHOICE Act

Dodd-Frank

Financial Choice Act: Dodd-Frank took years to formulate and pass into law; and then it took years for the mortgage industry to figure everything out.  Just as the mortgage industry has settled in to Dodd-Frank, Republicans want to replace it!  The replacement Republicans have come up with is the Financial CHOICE Act which the Democrats have nicknamed the WRONG Choice … Read more

Mortgage Solutions For Borrowers With Student Loan Debt

Fannie Mae mortgage solutions

Solutions For Those With Student Loan Debt: Earlier today the mortgage giant Fannie Mae, which is currently run by the government, announced some various solutions for those that have excessive student loan debt tied to their credit profile. The mortgage solutions for borrowers with student loan debt is welcome by some and not welcome by others.  The side that welcomes … Read more

Will A Government Shut Down Affect Mortgages?

A Brown Home

Remember The Last Time This Happened: It’s April 2017 (2019 Shutdown info below) we’re starting to hear “rumbles” that the government may face another shut down this summer. Anyone remember what happened last time the government shut down? Nearly 800,000 federal employees were put on leave without pay, and another million or so had their paychecks delayed. National parks, and … Read more

Longer term mortgage rate loan program

Home Green

Loan Production Prior To 2008: Before 2008 longer term mortgage rate loan programs were starting to make their way into mainstream loan production. 40 year fixed rate mortgage loan programs became popular and wide spread in California and in other parts of the country. Homeowner’s were looking for the opportunity to buy a larger house so the mortgage industry created … Read more

California Mortgage Rate Reset

Home with Pool

Rate Adjustment: Is your California mortgage rate about to reset after a 5, 7 or 10 year fixed rate period?  If so don’t worry; thousands of Californians are in the same situation every year.  Adjustable rate mortgages are a mortgage product in which the rate adjusts or “resets” after a fixed period time.  That’s different from a fixed rate mortgage which … Read more

Mortgage Program Day 1 Certainty Fannie Mae

day 1 certainty

Day 1 To Reduce Documentation: Fannie Mae, the mortgage giant backed by the federal government, has many programs that allow homeowners to refinance their current fixed rate or adjustable rate mortgage and many mortgage programs that allow buyers to obtain a great mortgage loan to buy that dream home. At JB Mortgage Capital, Inc. we offer many of these Fannie … Read more

A 2008 Like Mortgage Crisis

Home Loan Program

Bad Loans: 2008 will always be remembered as the year America was gripped by the mortgage crisis. And for many Americans the fallout is still being felt today. What caused the crisis? Bad mortgage loans. Enter 2016 and the possibility that the U.S. could face a 2008 like mortgage crisis in the next 12-24 months.  Where are all the bad … Read more