DBA For James B. Nutter & Company NMLS 2067

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New Mortgage Rules Start Today!!

The Consumer Financial Protection Bureau implemented new rules that will take us to a “back to basics” approach for mortgage lending. The CFPB director, Richard Cordray said: “No debt traps. No surprises. No runarounds. These are bedrock concepts backed by our new common sense rules.”Mortgage lenders will now have to» read more…

Looking to buy a home next year? Prepare today.

There are sweeping changes to the mortgage industry that are coming next year, which may influence your home-buying plans. The government created the Consumer Finance Protection Bureau which will enact several new rules that go into effect January 10 2014. These rules will limit the availability of mortgages and will» read more…

Mortgage News – Mortgage Interest Rates Rising

On Wednesday, November 20, 2013, the Federal Reserve released the minutes of their meetings. The expert consensus is that they will wind down their bond purchasing in the “coming months”. Although several markets are supported by the Fed’s actions, interest rates are the most sensitive to the actions of the» read more…

Mortgage Basics 101 – Lesson 2

Are you just interest rate shopping for your mortgage? Sometimes the best rate isn’t the best deal for you in the long run. The interest rate is not the true cost of the mortgage. There are many layers of costs added into the pricing structure of your mortgage. Don’t just» read more…

Mortgage Basics 101 – Lesson 1

Welcome to Mortgage Basics 101—an easy-to-understand, no nonsense series of mortgage tips designed to help you make the best financial decision for you and your family.Class is now in session!Today’s topic is procrastination. As you know, procrastination can cause serious problems in our everyday lives. But when it comes to» read more…

Time may be running out for low interest rates

Government shutdown agreement, new lending rules could cause interest rates to spikeDon’t be surprised if interest rates move sharply higher in early 2014. While homeowners have enjoyed record low interest rates for almost four years, a gathering storm of new regulations coupled with the threat of another government shutdown in» read more…

Fed Surprises Markets; Interest Rates Drop

The Federal Reserve surprised world financial markets this afternoon by announcing at its monthly meeting that the Central Bank will continue its program of purchasing mortgage-backed securities and U.S. Treasuries, also known as QE3. The move triggered a rally in the bond markets and mortgage rates dropped as a result.The» read more…

HARP 2.0 Refinance program to help millions

A considerable amount of positive feedback is coming from homeowners who have refinanced through the Obama Administration’s new HARP 2.0 program. This innovative program enables homeowners to refinance their mortgage to a much lower interest rate while using a less restrictive set of underwriting guidelines. Millions of homeowners can still» read more…