Archive for News

Market Update for November 10 2014: People, Not Politics

American politics are frustrating. A comment like this is almost platitudinous in how much we over-use the sentiment. November 4th, by all accounts on the national level, was a shellacking of the Democratic Party. But what is the real theme from a few day ago? For me, it’s one of profound frustration. Yes, I’m a […]

Alternative Programs: Adding Value — 95% LTV Home Renovation Loans

Cash out to 95% of the AFTER IMPROVED value of a home for upgrades to primary AND investment properties? Impossible, right? Wrong! Staff at CPK Mortgage just completed a training on the Fannie Mae HomeStyle loan. This incredible loan allows cash out for almost any permanently affixed upgrade to a property! Almost as amazing, this […]

Pulse on Politics: Rules of Thumb for Mortgage Rates

Rates ticked up by about 1/8 to a ¼ point depending on the loan program since last month’s newsletter. What is the cause for this? First, rates dove last month as the stock market declined steeply. With the drastic improvement in the stock market, rates have climbed. Internationally, things are relatively settled between Russia and […]

Social Responsibility: Tikkun Olam

Tikkun Olam: this is the Jewish phrase that translates to “Repair the World.” It is the mandate that Jews do what we can in the here and now to make the world a better place. The Jewish Federation of Los Angeles just completed one of its Days of Service. Members of CPK Mortgage, Inc. participated […]

Market Update for October 20 2014: Tremendous Opportunities

I’m looking at this 4th Quarter of 2014 as a time of tremendous opportunity. As I write this newsletter, I’m noticing bank rates on 30 year fixed mortgages at or around 3.875% at 0 points. We can attribute this most recent drop in rates to global insecurity: European economies are struggling, as is that of […]

Pulse on Politics: Lending Difficulties Continue

Various news sources, including Provident Bank’s Sigma Research, released an interesting, ironic update on October 3, 2014. Former Chair Person of the Federal Reserve, Ben Bernanke, stated that he was denied in his attempt to refinance his home loan. Perhaps it’s a good thing when the “rule makers” find out that overly stringent, knee-jerk reactions […]

Alternative Programs: Adding Value — Financing for Home Upgrades

Have a desire to remodel your home? Banks are aggressively marketing niche loans from Fannie Mae and FHA that enable financing for anything from small upgrades to major remodel projects. The FHA 203(k) loan and Fannie Mae’s HomeStyle Renovation Loan are just two examples. Call us today for more details!

Market Update for September 8 2014: The Irrationality of VA Loans

The “Irrationality of Rationality.” This is one of my favorite sociological concepts first promulgated by Max Weber. His point, in short, is that we create bureaucracies with good intentions. They seek to solve problems, ensure predictability, provide stability and create structure. These are all “rational” goals. The “irrationality” enters the picture when bureaucracy becomes too […]

Pulse on Politics: A Pending Mortgage Crisis?

There could be a second housing crisis on the horizon. During the lending “hey-days” of easy-to-obtain financing, many borrowers took out 2nd mortgages or Home Equity Lines of Credit (HELOCs). Typically, a HELOC allows 10 years for a client to make interest only payments. After 10 years, though, the entire balance must be paid off. […]

Social Responsibility: Hope for Homeless Families

The Culver City Rotary Club has adopted two apartments at the Upward Bound House in Culver City. Upward Bound is a homeless shelter for families providing rapid re-housing and social services to get families back on their feet. To help beautify and decorate these units with Culver City Rotary, contact us today for information! Come […]