My New Blog

Clarifying Stated Income and Daily Mortgage Update

Good Morning;

Today’s video is on the NEW LOAN PROGRAMS.  Today is on clarifying stated income loans.

http://www.agoodlender.com/myblog

Mortgage Bonds are starting the day lower, as investors appear to be cautious in advance of today's Treasury auction. Yesterday's auction showed so-so results, and Bond prices lost ground as a result.

Also today, news from Europe helped Stock prices firm up in early trading. Spain announced austerity measures to help narrow its budget deficit. And Germany showed a higher-than-expected rise in its Gross Domestic Product.

Currently, prices are hovering just below a strong ceiling of resistance, but have not been able to break above it. I recommend floating for now, as I continue to monitor the situation closely.

Rodney Roloff

Director of Sales

CA  DRE #1142903

Cal Coast Financial Corporation

39355 California Street; Suite 300

Fremont; CA  94538

(510) 456-3008