Luxury Mortgage Blog

        There is not much debate at this time about whether or not certain segments of the housing market are in fact in a crisis, but rather the real issue is how we deal with our current situation.  Some advocate letting the free markets play themselves out with little government intervention.  Ron Paul, the conservative […]

Here’s John Bird and John Fortune on the “The Last Laugh”, a UK comedy commentary show. This episode will teach you how mortgage investment banking works. From Borrowers -> Mortgage Brokers -> Lenders -> Wall Street Investors -> Packaged “SIV’S” -> Pension Funds / Hedge Funds. We hope you enjoy these two hilarious fellows discussing […]

Luxury Mortgage Group is one of the most positive lenders in the country.  Do a Google search for “positive mortgage news” and you’ll see us highly ranked.  However, the importance of the following cold hard economic data and further analysis is of such great importance that I feel it must be seen and understood by […]

As expected the Federal Open Market Committee voted to cut the fed fund rate by 25 basis points to 4.25% today.  Central bankers were a little wimpier with their discount rate cut – clipping the rate by 25 basis-points rather than the 50 basis points many analysts had anticipated. The Committee only made […]

The mortgage industry has long suffered from a few labels that were never standardized. The media usually lumps all loans that are above $417,000 (conforming Fannie Mae loan limits) together and calls them Jumbo loans. Some mortgage brokers and bankers define loans above $650K as Super Jumbo Mortgages while others consider it to […]

Many years ago a borrower would visit their local savings and loan to obtain a mortgage. The Loan Officer at the bank would approve the mortgage and fund it with money pooled by its depositors. This system worked well until the bank lent to the extent of its deposits, at which time customers were turned […]

As law makers and regulators nationwide wrestle with the cry for enhanced “predatory lending laws” in the wake of the sub prime mortgage debacle, I believe the Nevada legislature has accomplished a pretty tough assignment.
Wisely the legislature did not attempt to re-write an entire library of regulations already in place governing mortgage lending. They also […]

We are in the midst of a liquidity crisis in mortgage banking. Silver State Mortgage is deceased. Except for conforming, Meridias Capital is now only brokering loans and reports have surfaced that after August they may shut down. Additionally, Over 105 lenders nationwide have shut down. Major institutional conduit lenders like Bear Stearns have been […]