39 archives found in"Breaking News"

Some changes took effect at the top of this month that could have amazing results on your credit score! We’ve talked about the importance of your credit score in some of our recent posts. Your credit score—more importantly your FICO credit score (which is a combination of your credit scores and [...]

The Big 34 Earlier this year, we touched on national stress tests done by big banks. Since the Federal Reserve conducted their annual stress test last week and have now released their reports, today we’ll expand on the explanation of the stress tests. Banking institutions with $50 billion or more [...]

If you’re into literature, you know that shortly before his death Julius Caesar was told to “Beware the Ides of March”, and if there were any soothsayers around today, they’d probably be telling us the same thing right about now in relation to mortgage rates. We’re just slightly over a [...]

The big question in the mortgage industry is when the rates are going to go up. There’s been talks about it being in March which may be the truth. The Federal reserve is looking to raise its benchmark interest rate this month as long as the economic data remains strong. The Federal Reserve has [...]

The Federal Reserve is expecting to raise interest rates as soon as March of this year. The new Presidential Administration team occupying the White House is expecting a continued growth in the US Economy that has previously flourished as a result of the Obama Administration. They expect that our [...]

The Consumer Financial Protection Bureau (CFPB) is in back in the spotlight The Consumer Finance Protection Bureau (CFPB) has been in the spotlight lately since the scandal that took place a few years ago, got them in water for collecting reams of consumer data, undercutting privacy rights while [...]

February 1st brings some good news already. The Federal reserve as expected has held the interest rates steady today as they begin to assess where our economy heading-but they hinted that the rates might stay low for a good while to come. The Fed’s decision today confirmed those expectations. [...]

FHA BRINGS IN THE NEW YEAR WITH MIP CUTS FOR BORROWERS! The Federal Housing Administration, also known as the FHA, has decided to bless borrowers this year by cutting mortgage insurance premiums. Who is the Federal Housing Administration? The Federal Housing Administration, simply called the FHA, [...]

Home buyers who can’t put at least twenty percent (20%) down usually have to carry private mortgage insurance, often an expensive proposition. One good thing about the insurance, though, is that it doesn’t last forever. Private mortgage insurance protects the lender in the event that a borrower [...]

Valley West Mortgage is licensed in California, Colorado, Idaho, Maryland, Nevada, New Mexico, Oregon, Utah, Virgina, and Washington. 2016 Maximum Conforming Loan Limits Established for Fannie Mae and Freddie Mac National Baseline Loan Limit Remains Unchanged; Limits Rise for 39 High-Cost Areas The [...]