Udo Ibe, NMLS 1863414 - Mortgage Consultant

05/19/2023

Here's your weekly look at the markets!

Enjoy this quick update on what's going on in the housing and financial markets.

05/12/2023

The mortgage industry came to the rescue! Borrowers with debt-to-income ratios higher than 40% will not pay more, as originally announced by the government agencies this spring. If you would like to discuss this or other mortgage questions, please reach out. I'll be honored to help your friends and family members in need of home financing, too! Geneva Financial is an Equal Housing Lender.

05/04/2023

The Fed raised policy rates by 0.25% at their May meeting, as expected. The good news is that after a 10-meeting streak of hikes, they softened their stance on the probability of future increases. If you are in need of home financing, we have programs that can work in the framework of today's market. Please let me know if I can help. Geneva Financial is an Equal Housing Lender.

04/28/2023

You may have seen or heard some miscommunication about a new mortgage rule relating to lower credit score borrowers. At Geneva Financial, we’re serious about our responsibility to provide fact-based advisement for our clients, friends and family.

This graphic dispels the biggest recent myths and below are links to accurate information on these changes in mortgage.

And as always, I’m here as your licensed advisor to answer any questions you may have!

Credit Score Price Adjustments: https://www.housingwire.com/articles/datadigest-correcting-the-record-on-llpa-updates/

FHA 40-Year Modification: https://www.hud.gov/press/press_releases_media_advisories/HUD_No_22_070

04/25/2023

Geneva Financial Welcomes New Loan Officer Udo Ibe to the California Market – Home Loans Powered by Humans®.