For A+ BBB San Diego Mortgage Loan Modification Services CLICK HERE

The year-end report from RealtyTrac.com shows that 2009 had a substantial increase of new foreclosures from 2008 and a 120 percent increase from 2007. This means that there were almost four million reported foreclosure filings in 2009! California had the fourth highest foreclosure rate in the United States, with over 630,000 homes receiving a foreclosure filing in 2009. San Diego County is just one of the major cities affected by the current slump in the economy, with the city of San Diego reporting 2,435 new foreclosure filings in December of 2009. Spring Valley, Carlsbad, and La Mesa also had large numbers of new foreclosures last year. If you are one of the many people to be affected by the housing crisis, don’t hesitate to contact HomeStart to find out if you qualify for a loan modification.

A loan modification is a change in one or more of the terms of your loan in order to make payments more affordable and ultimately keep you in your home. Loan modifications were originally reserved for those whose mortgages became delinquent due to job loss, divorce or illness, but today this option has expanded to include anyone suffering from high adjustable rate mortgages. If you are struggling to afford your mortgage payments, but have a tremendous interest in saving your home from foreclosure, go to www.YourHomestart.com to learn more about the loan modification process.

HOMEstart is licensed by the California Department of Real Estate (DRE) to provide turnkey, loan modification services. Loan modification is a multi-step process involving Intake Processing, Underwriting, Bank Submission, Negotiations, Approvals and Contract Review. We are the only DRE Licensed, A+ BBB rated business in California because no other company can offer you A-to-Z service. Customers must be careful working with non-accredited and unlicensed loan modification companies because they are not providing legitimate services.

HOMEstart was rated an A+ mortgage loan modification company by the Better Business Bureau (BBB) and is ready to negotiate your mortgage loan modification.  The A+ rating HomeStart received reflects that the business has established personal relationships with the largest mortgage lenders to expedite the loan modification process. It also represents the BBB’s degree of confidence that the business is operating in a trustworthy manner and will make an exceptional effort to provide the contracted services, while also providing a high degree of customer service.

For more information please visit www.YourHomestart.com

Last Week in Review

“A STEP IN THE RIGHT DIRECTION…BUT DON’T PUSH YOUR LUCK.” Barbra Streisand obviously wasn’t singing about Bond prices or interest rates in her 1980’s song. But those lyrics were fitting last week when the Federal Reserve stepped in with more buying of Mortgage Backed Securities (MBS), helping Bond prices recover from news of a weak Treasury Auction. Overall, home loan rates bounced around last week and ended the week very slightly improved.

But that said, we can’t “push our luck” and think the Fed will continue to step in and help support home loan rates…we have to remember that the Fed is actually winding down exactly this type of buying support.

As you can see from the chart below, the Federal Reserve’s purchases of MBS peaked at an average of $25 Billion per week back in May – and they are getting closer every day to being done spending their allotment of $1.25 Trillion. Since they announced that their remaining purchases would be rationed out until the end of March 2010 – but that they wouldn’t be making any additional purchases beyond the original commitment – the average purchases per week have been moving lower, down to $14 Billion per week so far in November.

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Chart: Fed’s Purchase of Mortgage Backed Securities (Weekly Averages Per Month)

Why is this important? Because home loan rates are based on MBS – so when the Fed agreed to be a big buyer, it helped provide a market and helped keep MBS prices high and home loan rates low. So as the Fed’s program wraps up and eventually stops, home loan rates are quite likely to be on the rise. So while rates are still very good, they may not be for long. Let’s be sure to talk if you haven’t yet explored how the current rate environment might benefit you or someone you know.

More employment news arrived, and it is interesting to hear the media and other experts proclaim it to be “all good news”. Initial (or First Time) Jobless Claims came in at the lowest reading in 10 months and Continuing Unemployment Claims also fell lower as well – and at first blush, this seems to be very good news. But looking closer, we see that the lower Continuing Claims number was probably the result of unemployment benefits expiring before people could find work – rather than people dropping off of benefits because they found a job. Now that unemployment benefits have been extended by new legislation, we should get a more accurate look at how many people are actually unemployed.

SPEAKING OF EMPLOYMENT… IF YOU OR SOMEONE YOU KNOW IS LOOKING FOR A JOB, TAKE A LOOK AT THE SPECIAL MORTGAGE MARKET GUIDE VIDEO VIEW BELOW ON TIPS FOR A SUCCESSFUL JOB INTERVIEW. IN TODAY’S CHALLENGING JOB MARKET, A LITTLE EXTRA PREPARATION MIGHT JUST BE THE KEY TO LANDING THAT POSITION.

Forecast for the Week

This coming week is loaded with high-impact economic reports. On Monday, we’ll get a glimpse of consumer’s pre-holiday spending patterns when the Retail Sales report is released. You may have seen that many retailers have started the sales and specials early this year, as well as reintroducing the “layaway” option for purchases – all designed to help keep this holiday season from being dismal for retailers.

Inflation news is also on tap this week, as the Producer Price Index is set for release on Tuesday, with the Consumer Price Index following on Wednesday. Also on Wednesday, we’ll get a look at the health of the new construction sector of the housing industry with reports on Housing Starts and Building Permits.

Thursday, we could see some volatility in the markets when the Treasury Department announces next week’s auctions, which will include offerings of 2-year, 5-year, and 7-year Notes. Remember, these auctions will likely continue to cause volatility, as the Federal Reserve has ended their buying program for Treasuries, and as we discussed, has also now started to scale back their purchases of Mortgage Backed Securities (MBS). As the Fed ramps down and ultimately ends their support of the MBS market at the end of March, watch for home loan rates to rise.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. As you can see in the chart below, Bond prices hit a two-month low on October 26th – which had caused home loan rates to worsen – but Bond prices have since been pushed higher by continued Fed buying and some weak economic data.

Chart: Fannie Mae 4.5%% Mortgage Bond (Friday Nov 13, 2009)

The Mortgage Market View…

5 Secrets to a Job Interview

Earlier this month, the Labor Department reported that 190,000 jobs were lost in October and that the Unemployment Rate has risen to 10.2%. It’s always important to be prepared anytime you go on a job interview, but in today’s competitive market it is more important than ever. In this week’s special Video View, check out a video from www.Kiplinger.com called “5 Secrets to a Job Interview.”

The Week’s Economic Indicator Calendar

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Economic Calendar for the Week of November 16 – November 20
Date ET Economic Report For Estimate Actual Prior Impact
Mon. November 16 08:30 Retail Sales Oct 0.9% 1.4% -2.3% HIGH
Mon. November 16 08:30 Retail Sales ex-auto Oct 0.4% 0.2% 0.4% HIGH
Mon. November 16 08:30 Empire State Index Nov 30.00 23.51 34.57 Moderate
Tue. November 17 08:30 Core Producer Price Index (PPI) Oct 0.1% -0.1% Moderate
Tue. November 17 08:30 Producer Price Index (PPI) Oct 0.5% -0.6% Moderate
Tue. November 17 09:15 Capacity Utilization Oct 70.8% 70.5% Moderate
Tue. November 17 09:15 Industrial Production Oct 0.4% 0.7% Moderate
Wed. November 18 08:30 Core Consumer Price Index (CPI) Oct 0.1% 0.2% HIGH
Wed. November 18 08:30 Consumer Price Index (CPI) Oct 0.2% 0.2% HIGH
Wed. November 18 08:30 Building Permits Oct 580K 573K Moderate
Wed. November 18 08:30 Housing Starts Oct 600K 590K Moderate
Wed. November 18 10:30 Crude Inventories 11/13 NA NA Moderate
Thu. November 19 08:30 Jobless Claims (Initial) 11/14 504K 502K Moderate
Thu. November 19 10:00 Index of Leading Econ Ind (LEI) Oct 0.4% 1.0% Low
Thu. November 19 10:00 Philadelphia Fed Index Nov 12.0 11.5 HIGH

Negative Equity Help
We offer a no credit score refinance/ principal reduction, $5 billion private fund allocated for this program, We purchase notes at a discount, based on market value, which are then liquidated for a profit.
THIS IS NOT: A LOAN MODIFICATION, A SHORT SALE, A DEED IN LIEU OF FORECLOSURE, OR A FORBEARANCE.
THIS IS: A PRINCIPAL LOAN REDUCTION, NO CREDIT SCORE RATE AND TERM REFINANCE, THE AMERICAN HOMEOWNERS LAST CHANCE FOR FINANCIAL FREEDOM.
We will refinance your property TO 90% OF MARKET VALUE (ELIMINATING NEGATIVE EQUITY AND GAINING 10% INSTANTLY) once we have purchased the note into any conventional loan program that you will qualify for. If your credit is damaged and you cannot qualify through conventional refinancing, then we will place you with our private investors on the following program.30 year fixed rate at Prime + 3% or 4% with a 3 Year Pre-Payment Penalty.
NEGATIVE EQUITY IS A ONE TIME PROGRAM FEE OF $1,595.00 (100% REFUNDABLE IF WE DO NOT PURCHASE THE NOTE) // N.O.D. or N.O.S. IS A ONE TIME PROGRAM FEE OF $500 (100% REFUNDABLE IF WE DO NOT PURCHASE THE NOTE).

EXAMPLE
CURRENT MORTGAGE:

Loan Amount Interest Rate Monthly Payments
1st Loan $350,000 7.5 % $ 2,447.00
2nd Loan $ 50,000 9.0 % $ 402.00

Total Loan $400,000 $ 2,849.00+ T/I

NEW MORTGAGE ESTIMATES:

Current Market Value (CMV) / Broker Price Option (BPO): $250,000

Loan Amount Interest Rate Monthly Payments
Loan $225,000 (90% CMV) 6.25 % $ 1,385.36 + T/I

Instant monthly savings = $1,463.64
Eliminate $150,000 of NEGATIVE EQUITY!
You Gain 10% Instant Equity

WHAT YOU WILL NEED: Mortgage Statement(s) (1st and 2nd)
Income Documentation (i.e. pay stubs “30 days”, last yrs W-2, 1099)
Hardship Letter
Hazard insurance (Declaration pg.)
Copy of Driver’s License(s)
All Correspondence Letters (from Lender to Borrower)
Notice of Default – if Applicable
Notice of Trustee Sale ‐ if Applicable
Loan Modification Documentation – if Applicable
Property Tax Statement
Payment

To schedule an application, call Gene Haag at 800-686-5288 or email
inquiry@negativeequityhelp.com
((AFFILIATE PROGRAM AVAILABLE))
http://negativeequityhelp.com/
http://guardiangroupna.com/
Mortgage Principal Reduction
Principal Reduction