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

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 senior processor let me know.

Envoy Mortgage is also looking to fill these positions in Houston and Atlanta.

Matt Steinmetz
925-671-9501 x119

Envoy Mortgage
Concord, CA
Contra Costa County

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 post http://mattsteinmetz.com/blog/ccar-ypn-party/

See you there!
Matt Steinmetz

Envoy Mortgage
2151-A2 Salvio St
Concord, CA 94520

FHA May Require 10% Down from Low Credit-Score Borrowers « HousingWire

FHA May Require 10% Down from Low Credit-Score Borrowers « HousingWire.

Envoy Mortgage in Concord, CA is funding FHA purchase loans in under 30 days with 3.5% down for those who qualify.  Contact me for more details.

Thank you,

Matt Steinmetz

NMLS# 221315

Envoy Mortgage- Hiring experienced Loan Originators, Ask me for info.  

2151-A2 Salvio St.

Concord, CA 94520

Phone 925-671-9501 x119

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Apply for a loan online

FHA * VA * CALPERS * CALVET * FHA 203K Rehab Loans * Energy Efficient Mortgages * HomePath * Flips * County/City Homebuyer Assistance Programs

Don’t apply for new credit before your mortgage closes

Don’t apply for new credit before your mortgage closes | Bankrate.com.

Fannie Mae will start to require lenders to pull an updated credit report befor ethe loan closes.  Thi swill show if you have any new debt since you applied for the loan.  Typically as long as your credit report was younger than 90 days lender would not pull a new report.  that changes next month for Fannie Mae loans.

Thank you,

Matt Steinmetz

NMLS# 221315

 Envoy Mortgage - Hiring experienced Loan Originators, Ask me more.  

2151-A2 Salvio St.

Concord, CA 94520

Phone 925-671-9501 x119

Fax 925-940-9639

Visit  my blog  for my most recent mortgage related update.

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 Apply for a loan online 

FHA * VA * CALPERS * CALVET * FHA 203K Rehab Loans * Energy Efficient Mortgages * HomePath * Flips * County/City Homebuyer Assistance Programs

 Envoy Expands Underwriting Dept. into CA 

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Use the Register link in the sidebar, and become a member of my blog.  Once you have registered and posted at least one comment to any of my posts, you will be entered to win 1 of 4 prizes (four winners in total, each winning one prize).  Prizes will be $20 gift cards to Itunes, Starbucks, Macy’s or a coupon for $100 off closing costs when you close your next home loan with Matt Steinmetz and Envoy Mortgage.  No purchase necessary.  Registration starts as of the time stamp on this post and will end Monday, September 20th at midnight.  Winners will be notified via email on Tuesday, September 21st.  Be sure you have my email address in your email address book and/or listed as “safe”, so my email does not go into your spam folder.  My email is matt@mattsteinmetz.com

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Please contact me with any questions.  Share with your friends so they can register as well.

Thank you,
Matt Steinmetz

Envoy Mortgage
2151-P Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119

Learn When to Pay Points
Information about the $8,000 First Time Buyer Tax Credit
Information about the $10,000 New Home Tax Credit in CA
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A Poll has been added to my blog

Take just a moment and answer the poll question in the side bar area.

Owe more than your house is worth?

Fannie Mae had recently come out with their DU Refi Plus program which allows borrowers to refinance up to 105% of their homes value. This helps, but very little as most people who bought in the last few years are more under water than that. However it appears as of September 1, 2009 the new guidelines will allow refinances up to 125% of the homes value. This should encompass more homeowners, though still not a significant number for those of us in California, but even still kudos to Fannie Mae for trying. If you think this helps you, let me know and we’ll discuss further. Remember that your home loan must be owned by Fannie Mae to qualify and chances are you do not know who owns the loan. It is not necessarily the company you write your check to, as other companies retain servicing rights to loans even after the sell them off to Fannie Mae. Contact me and I’ll help you find out if Fannie Mae is the owner of your loan.

Feel free to comment below or share this with your social network.

Matt Steinmetz

Envoy Mortgage

See Saw

 The ADP report came out today with much worse unemployment data than expected, though better than May numbers .  Tomorrow is the official day for the jobs report and the ADP report is not totally reliable it is a sign that June was not a good month for employment figures. An unstable economy may push investors to the bond market for safety which would help improve mortgage rates. Counteracting this event is China’s manufacturing sector, which is currently expanding. This gives the stock market a boost as investors may feel that the global economy may be recovering. Remember stocks and bonds are usually on a see-saw so when investors put money in one, they take money out of the other. For mortgage rates to improve investors need to put their money in the bond market.
Though rates are still great and in the 5′s, the weekly mortgage application report shows applications are down 18.9% per the Mortgage Bankers Association.  Have a great  day, as of today the week and the year are half over. 

Oh and California is broke and paying people with IOU’s!   This will affect the nation as CA consists of 12% of the nations gross national product. 

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