WELCOME TO THE MONEY RATE SCOREBOARD!

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 e-mail 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.

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February 7,2017

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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 e-mail 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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