Monthly Archives: August 2010

FHA Eliminates Unlimited CLTVs for Refinance Transactions

FHA Eliminates Unlimited CLTVs for Refinance Transactions This update from Mortgagee Letter 2010-24 contains changes to the new maximum CLTV limits for refinance transactions, which will be effective for case numbers assigned on or after September 7, 2010. The combined … Continue reading

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Final Rules Issued on Originator Compensation. Mortgage Industry Needs Some Simplification

The clarification needs clarifying, but this seems to be bad news for all.  I saw one post saying “Welcome to my ice cream shop!  Thanks to the government we have vanilla, vanilla, or vanilla.”  That is hilarious and sadly becoming … Continue reading

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FHA Can Raise Annual Premiums

Bill to Let FHA Raise Annual Premiums Heads to Obama « HousingWire. Once Obama sings it, this bill will allow FHA to raise it’s annual premiums from .55% to 1.55%.  The idea is that FHA, being the crutch of our … Continue reading

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Fannie Mae Unveils Website to Assist Distressed Homeowners

Fannie Mae Unveils Website to Assist Distressed Homeowners. Check out the new website by Fannie Mae.  Comment here and let me know what you think. Matt Steinmetz Envoy Mortgage Concord, CA Contra Costa County

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Envoy Mortgage Hiring Loan Officers

Envoy Mortgage is a direct lender, lending in over 36 states and growing.  Envoy Mortgage is looking to hire loan officers in all areas.  I am specifically searching for originators in California.  I am located in Contra Costa County and manage … Continue reading

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Envoy Mortgage is Hiring Underwriters and Processors

http://mattsteinmetz.com/blog/envoy-hires-ca-underwriter/ The above link shows a post where I talk about Envoy Mortgage’s new underwriting center in Irvine, CA. We are now hiring an underwriter and senior processor. If you or someone you know has experience as an underwriter or … Continue reading

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YPN kick off party video advertisement

I will be attending this event and am the Treasurer for the CCAR YPN. This is an exciting new networking group and I look forward to all of our future events, starting with this party! For more info see this … Continue reading

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