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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 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

Delinquencies, Foreclosures, and Inventories Improve in CoreLogic Data - 31 minutes ago
Posted To: MND NewsWireAccording to CoreLogic, the Santa Ana California based provider of information and business services, there were a total of 830,000 foreclosures nationwide in 2011 compared to 1.1 million in 2010. The most recent monthly numbers, for December 2011, were down from foreclosures both a month earlier and in December 2010. There were 55,000 foreclosures during the month of December, a drop of 2,000 from the November total and a significant decrease from a year earlier when there were 67,000, a -15 percent change. According to CoreLogic, there have been approximately 3.2 million foreclosures since the beginning of the financial crisis in September 2008. The foreclosure inventory - the stock of homes in the process of foreclosure - also decreased on an annual and accelerating basis. There were 1.4...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Missouri Goes After Processor DocX; Wells Now #1 Servicer; Rural Streamlines - 1 hour ago
Posted To: Pipeline PressWhat, exactly, qualifies a person as "rich"? It depends who you are - here in the States the wealth of the top 1% is about 225 times greater than that of the typical family, compared to 125 times in 1962, and the cumulative wealth of the Forbes 400 was $1.54 trillion, equal to worth of the bottom half of American families . Household net worth has been falling, and a recent Gallup poll states that the median income to be considered "rich" is $150,000 a year, up from the $120,000 that qualified a person as rich in 2003. Amongst different demographics, however, what makes one "rich" is relative. About 15% of respondents said it would take $1 million a year or more to fall into that category, but three in 10 say that they'd qualify as prosperous even pulling in less than six figures. About half...(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: 2/8/2012 - 2 hours ago
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-26 : +0-03 FNMA 4.0 105-20 : +0-01 FNMA 4.5 106-23 : -0-01 FNMA 5.0 108-00 : -0-01 GNMA 3.5 105-09 : +0-03 GNMA 4.0 107-31 : +0-02 GNMA 4.5 109-06 : +0-00 GNMA 5.0 110-30 : +0-00 FHLMC 3.5 103-16 : +0-02 FHLMC 4.0 105-03 : -0-03 FHLMC 4.5 106-04 : -0-02 FHLMC 5.0 107-22 : +0-01 Pricing as of 11:03 AM EST Morning Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard . 9:46AM : ALERT: Bond Markets Bounce Back To Breakeven Levels After Overnight Weakness News that the ECB would turn over it's Greek bond holdings to the EFSF in exchange for EFSF bonds of higher amounts, provides another potential reason that yesterday?s planned meeting among Greek leaders to approve the terms...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Refinancing Apps Rise on Record Low Rates - 4 hours ago
Posted To: MND NewsWireMortgage rates broke another set of records during the week ended February 3, establishing several new historic lows. In response, the seasonally adjusted Mortgage Bankers Association's (MBA) Market Composite Index, a measure of mortgage application volume , rose 7.5 percent and 8.7 percent on an unadjusted basis. The increases were driven solely by refinancing which represented 80.5 percent of total applications for the week, up from 80.0 percent the previous week. The Index measuring applications for refinancing increased 9.4 percent over that of the week ended January 27 but the seasonally adjusted basis the Purchase Index ticked up only 0.1 percent. The unadjusted Purchase Index was 6 percent higher than in the previous week and 4.1 percent lower than during the same week in 2011. The four...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Day Ahead: 10yr Auction And Another Probable Greek Deadline Miss - 5 hours ago
Posted To: MBS CommentaryThe theme of light economic data continues on Wednesday with MBA Mortgage Apps being the only item of note. Even then, it's only notable due to it's pertinence to our industry and is not a market mover. Both the refi and purchase indexes snapped 3 week losing streaks with the Purchase Index just barely improving. The Refi Index on the other hand, rose a hefty 9.4% from 4113 to 4500 as the MBA reported average rates dropped from 4.09 to 4.05. The other part of the weekly theme is that the light economic data is punctuated by scheduled and unscheduled market movers. On the scheduled front, the most promising contender is the 1pm Auction of $24 billion of new 10yr Notes. Refundings over the past year have generally met with lighter demand than reopenings with the last 4 averaging 3.02 as opposed...(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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