Mortgage Blog

Normally non-bank lenders could not do helocs for the last a few years, and now Fannie Mae said that it is ok, though the rate is higher now. At least it is good for the lenders who can provide piggy back loans with low down payment.

Wells Fargo was fined again for the fake accounts. Warren Buffett said that he still trusts the bank and CEO Tim Sloan. I am an investor, and I have the complicated feelings about the class actions, and the stock performance.

I watched two stocks this year, SHAK and LGIH. SHAK was up $10 last Friday. LGIH was up $5 this morning and was down $2 at this moment. Both companies have good potential, but the volatility level is big, compared to the other stocks, especially LGIH. I went to the Shake Shack store in Santa Monica last weekend. The line was indeed very long, and I ended up eating at another food store.

Housing confidence still high, though the price keeps going up and affordability level was a little bit lower. We still expect the price will go up 4% year over year, at least keep up with the inflation level.

Warren Buffett still likes KO. I think his dividend income is good enough. For me I think I would rather own SP500 than Ko at this moment. May switch the stock sometime this year when the overall market is down.