Certified Mortgage Planning Specialists of California

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 12 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. We can even e-mail your disclosures for electronic signature. 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.62homefree.com

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

Mortgage News Daily

ALERT: Treasury Supply Announced. Benchmark Rates Rise. MBS Prices Fall Fast - 1 hour ago
Posted To: MBS CommentaryTreasury has announced the terms of next week's government fundraiser. As expected, supply sizes were all unchanged from the previous auctions. A total of $118 billion in TSY notes will be sold. Here is the schedule: Tuesday: $44 billion 2 year notes Wednesday: $42 billion 5 year notes Thursday: $32 billion 7 year notes Settlement is March 31 Because the majority of debt supply is concentrated in the front end of the yield curve, traders have been selling the curve---aka trading the "flattener". The yield curve can flatten one of two ways: Bear or Bull A bull flattener is when yields in the long end of the curve are falling faster than yields in the front end of the yield curve. For instance if 10yr TSY note yields are falling faster than 2yr TSY notes, then the spread between...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Fannie Mae Cuts Home Sales Forecast. Reduces Origination Outlook Again - 1 hour ago
Posted To: MND NewsWireWhile investment in residential real estate still looks relatively strong for 2010 compared to 2009, the results in the first quarter have been less robust than expected according to Fannie Mae's Economics and Mortgage Market Analysis for March. The research piece opens with the following statement: "Severe weather was disruptive to economic activity during the first two months of the year. If economic fundamentals have not deteriorated , the weather impact will likely fully reverse at some point, and we expect most economic indicators affected adversely by the weather to rebound in the months ahead " But the monthly report was quick to call attention to those economic fundamentals, pointing toward a much more anemic response to the extension of the housing tax credit than expected...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

The Cost of Labor in the Mortgage Market; FHA Origination Down 10% in January; Wells to Modify 2nd Liens; Condo Questions - 2 hours ago
Posted To: Pipeline PressWhether it is a house, a bushel of wheat, or a share of stock---when a buyer and seller come together an item trades hands. A lower price will always benefit the buyer. Is that the case in the labor market, where buyers (employers) and sellers (employees) come together? Not necessarily, since the employee, given a low wage, will likely be less motivated to perform services. What will typically happen is employers will pay more than the base wage for a given task, and employees will often work for less than the maximum that employers will pay. Therefore the labor market is not quite like other markets. I mention this because the cost of labor in the mortgage business , whether it is for underwriters or loan agents, has always been a huge piece of the overhead pie for company owners. I have heard...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Consumer Level Inflation Tame in February. Emergency Jobless Benefits Hit Record High - 3 hours ago
Posted To: MBS CommentaryGood Morning. Inflation data has hit screens. The Consumer Price Index was UNCHANGED in February (+0.0018)...this is cooler than consensus forecasts which called for a 0.1% gain. The CORE CPI print, which strips out food and energy, rose 0.1% in February---on the screws. Year over year, the consumer price index is up 2.1%, slightly below economist expectations for a read of +2.3%. Ex-food and energy, consumer price levels were up 1.3% YoY. GASOLINE was a big contributor to weakness...don't expect that category to be so helpful next month---gas prices have been on the rise lately. Housing prices were all unchanged. Overall, another round of tame inflation data. Jobless Claims data was also released. New claims fell by 5,000 to 457,000 in the week ending March 13. This is slightly worse than...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.

The Day Ahead: Data Deluge Hits Cautious Markets - 4 hours ago
Posted To: MND NewsWireThe day ahead offers several fresh data points and a range of speakers from the Federal Reserve. Traders are being cautious as equity prices are slightly down after earlier gains in the week. 90 minutes before the opening bell, Dow futures are up 9 points to 10,663 and S&P 500 futures are flat at 1,161. Key Events Today: 7:30 ? Elizabeth Duke , a governor of the Federal Reserve, and Sheila Bair , chairman of the FDIC, speak to the American Bankers Association government relations summit in Washington. 8:30 ? Unlike the PPI from Wednesday, the Consumer Price Index should be less impacted by falling energy prices. Economists expect to see 0.1% price gains on the headline and the core index, following a 0.2% gain in the headline and a drop of 0.1% in the core. “Declining rent prices...(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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Morningstar Mortgage - 17011 Beach Blvd. #900 - Huntington Beach, CA 92647
Office Phone: 714-848-4549 Fax: 714-908-3800 Toll Free Phone: 800-216-6322

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