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Welcome to Morningstar Mortgage!  

The following presentations have been approved by a

Certified Mortgage Planning Specialistcmps_member_logo_kw.jpg

to assist you in intelligent mortgage planning.

At Morningstar Mortgage, we have been assisting California professionals and their clients with with purchase,refinance, and real estate investment solutions for 15 years.

Please watch these presentations as often as you like. When you have further questions, or you are ready to utilize our mortgage experts to help you achieve your financial goals, please contact us anytime.

Every transaction at Morningstar Mortgage will be reviewed by a Certified Mortgage Planning Specialist to insure you are getting expert professional advice. Often getting the perfect solution in place requires that we work as a team with your financial advisor, realtor, attorney, property manger and insurance agent. We do this at no cost to you. We can also refer you to a qualified professional upon request.

Lower Mortgage Costs Through Cutting-edge Mortgage Origination Technology

Our customers save money and close their loans quickly because we employ the most advanced mortgage technology available. In a rush? We welcome you to apply online and save days of mailing time. The Internet, advanced mortgage processing software, and automated mortgage underwriting systems are coordinated to dramatically speed up the mortgage process and deliver the best rate and terms. We always enjoy meeting our clients so you can always visit our corporate office in Huntington Beach, CA.

Morningstar Mortgage is a Federal Housing Administration Approved Lending Institution. Approved Lender # 24053-00004. We are not simply a branch of one bank and limited to the mortgage products they offer. We offer a range of different options from many wholesale lending sources, both government insured and privately held. More choices enhance our ability to match your needs flawlessly.

We have published a separate comprehensive web site exclusively for your reverse mortgage needs at www.reversefha.com

Morningstar Mortgage is a California Corporation. Real Estate Mortgage License #01277889 NMLS ID# 241680 

 

Mortgage News Daily

More Lender Updates; Letters from the Trenches and Legal Updates Focused on the CFPB - 19 hours ago
Posted To: Pipeline PressLondon plans to use a painfully "High-Pitched Sound Generator" to disperse large crowds at the Olympics. Observers note that it will be Cindy Lauper's first paying gig since '86. Speaking of high-pitched noises (and no, this is not a lead in to a Taylor Swift joke), the constructive clamoring about the CFPB's flat fee continues . "The CFPB for consumer finance, in my opinion, is the same thing as the CFTC for commodity trading overseeing Future Commission Merchants and the SEC for stock broker/dealers. Both the futures and stock brokerage industries have formed self-regulating entities. The National Futures Association for commodities and the Financial Industry Regulatory Authority (FINRA) for stocks. The mortgage industry would be well served if the industry itself through the MBA or other...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
MBS RECAP: Slightly Bumpy Ride Late, But Important Level Holds - 1 day ago
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary 104-16 Turned out to be an important level for Fannie 3.5's today. There's more than the usual amount of content in the 'alerts and updates' section below if you're looking to get caught up on how it played out. Long story short, bond markets held up quite well on a Friday that mostly saw money flowing OUT of both sides of the market (i.e. equities and fixed-income both lower in price today). But even the late day volatility left the 104-16 technical level intact through 4pm. From now until MBS go out for the day, it's not out of the realm of possibility to see illiquidity take things a bit lower, but whether or not lenders react to that depends on the lender in question. If it were us, we'd call it a week. MBS Pricing Snapshot Pricing shown below is...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Mortgage Rates Lower Still, But Progress Is Slow - 1 day ago
Posted To: Mortgage Rate WatchMortgage Rates improved marginally from yesterday's new all-time lows. Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks. When yields in the broader bond markets move lower, MBS (the "mortgage-backed securities" that most directly influence lenders' rates) tend to move lower in yield as well, allowing lenders to off lower costs, lower rates, or a combination of the two. With the recent move lower to a 3.75% Best-Execution level for 30yr Fixed Conventional loans, today's improvements were seen more in the form of decreased borrowing costs, or increased lender credit, as the case may be. If you're a first-time or even frequent reader looking for a bit more clarity on "best-execution," we just...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Mortgage Registry Now Includes all States, Federal Lenders - 1 day ago
Posted To: MND NewsWireThe State Regulatory Registry, LLC (SRR) and the Nationwide Mortgage Licensing System (NMLS) have issued an Annual Report for 2011. The report notes that 2011 was the first year that all state mortgage regulatory agencies utilized NMLS to manage mortgage loan originator (MLO) licenses on the system. In addition, in January the NMLS Federal Registry became fully operational. By the end of the year the Federal Registry contained active registrations for 11,081 institutions and 375,654 registered MLOs. According to the report, for the first time almost all of the nearly half-million individual mortgage loan originators (MLOs) along with their license or registration status and other information are now available to the general public on-line through NMLS Consumer Access. By the end of 2011 NMLS...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
MBS MID-DAY: Relatively Uneventful Despite Slight Weakness - 1 day ago
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS are down 6/32nds. Reason being: everything has been well contained, and what little weakness we've seen has occurred in a rather orderly fashion and without major volume spikes. Bond markets are staying reasonably connected to stocks, given the lack of market-moving data and European headlines. In short, today looks like the "wind down" that we thought yesterday might have been. We're not completely out of the woods as far as potential volatility is concerned. But as far as coasting into the weekend with minimal losses, it's "so far so good." MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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