Nick Lieberman, Editor

Every week at the Tuesday RIAOC meeting Nick Lieberman gives his Financial Report. Come and listen to the latest financial news of the day. Nick also prepares 'The Money Rate Scoreboard' (aka the Pink Sheet) which can be downloaded below. Nicholas Lieberman, President, Bona Fide Mortgage, NMLS ID: 326920, may be reached for inquiries or comments by phone (949) 651-0999, e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.bonafidemortgage.com. Nick has been producing the Pink Sheet for RIAOC since 1982. Thank you Nick for over 30 Years of publishing the Money Rate Scoreboard!!

DID YOU KNOW?... Quantitative easing is a monetary policy that increases the money supply by buying securities, such as mortgage bonds. This floods financial institutions with capital in an effort to promote increased lending and liquidity.

Download the Money Rate Scoreboard by Date:

September 10,2019 August 13,2019

May 8,2018 June 13, 2017 February 7,2017

Older Scoreboards are available on request.

September 27,2016 April 26,2016 January 26,2016
September 15,2015 June 23,2015 May 12,2015 March 31,2015 March 17,2015 March 3,2015
February 10,2015 February 3,2015 January 27,2015 January 13,2015
December 2,2014, August 12, 2014 April 22,2014 April 1,2014 March 25,2014
November 5,2013 October 8,2013 October 1,2013 September 10,2013
August 27,2013 August 13, 2013 July 16,2013 June 25, 2013 June11,2013 June 4,2013
May 14,2013 May 7,2013 April 30,2013 April 23,2013 April 9, 2013January 29,2013December 18,2012 November 13,2012 November 6,2012 October 30,2012 September 11,2012 August 14,2012 July 31,2012 July 24,2012 July 17, 2012 July 10,2012 July 3,2012 June 19,2012 June 12,2012 May15,2012 May 8,2012 April 24,2012 April 17,2012 April 10,2012 April 3,2012 March 27,2012 March 13,2012 March 6,2012 February 28,2012 February 14,2012 January 31,2012 January 24,2012 January 10,2012 December 13,2011 November 29,2011 November 15,2011 November 8,2011 October 25,2011 October 18,2011 October 4,2011 September 13,2011 August 23,2011 August 9,2010 August 2,2011 July 26,2011 July 19,2011


Behind the Scoreboard - Financial Thoughts and Notes

Are you confused as to who prints our money?

No, the Fed Does NOT ‘Print Money’: Just Explain It!

Nick Lieberman - Bona Fide Mortgage

Many homeowners would like to access the low rate refi market, but can’t. If any one of the three primary underwriting areas are absent - (1) adequate credit score (2) proper LTV (3) satisfactory debt to income ratio (using income verification documents) – no deal.

Will the “stated income” loan, which constituted a large percentage of 1 – 4 unit loan volume in the BMM era (before mortgage meltdown) but had vanished from the face of the earth by 2007, return some day?

Why not? It’s simply a question of formulating (1) pricing and (2) conservative, appropriate underwriting criteria.

If someone with no income on the their tax returns wants to borrow 50% of appraised value on a primary residence and has a 780 credit score, the risk of loss on the loan is extremely low. A lender could add a slight interest rate premium – say an extra .25 percentage points compared to a conventional interest rate for a borrower qualifying within all traditional underwriting guidelines – to create a safe and profitable return on investment. There is cetainly some intersecting point on the LTV / credit score graph that equals a safe loan regardless of borrower income.

A reasonably structured “stated income” loan might allow some property owners not currently able to access debt to borrow productively

Contact Nick @ Bona Fide Mortgage,1 Candlebush, Irvine, CA 92603

(949) 651-0999 phone (949) 651-1592 fax This email address is being protected from spambots. You need JavaScript enabled to view it.

www.bonafidemortgage.com CA DRE broker license # 00813731

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