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William Sonsma Earns Lending Integrity Seal of Approval

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Contact:

William Sonsma

President, Fidelity Bancorp Funding

714-908-5105

wsonsma@fbfloans.com

William Sonsma Earns Lending Integrity Seal of Approval

Achieves Status For Professionalism in the Mortgage Business

ORANGE, CA – Fidelity Bancorp Funding today announced that William Sonsma has earned the Lending Integrity Seal of Approval from the National Association of Mortgage Brokers (NAMB).  The new seal recognizes individual brokers and loan officers who meet the industry’s highest standards for knowledge, professionalism, ethics and integrity.

“I am proud to bestow this symbol of excellence on William Sonsma,” said Jim Pair, CMC, President of the National Association of Mortgage Brokers. “By earning this recognition, William has demonstrated a strong commitment to achieving the highest ethical standards in the mortgage business.”

In order to display the Lending Integrity Seal, a broker or loan officer must:

  • Pass a national criminal background check.
  • Possess a state license or registration.
  • Submit three business references (new members only)
  • Attend professional education, including ethics training.
  • Live up to NAMB’s Code of Ethics and Standards of Best Business Practices
  • Pledge to abide by NAMB’s formal ethics grievance review process.

When a loan officer or broker displays the Seal, it means they have voluntarily met the only national standards for mortgage originators, established by the National Association of Mortgage Brokers.

“The Lending Integrity Seal of Approval is transforming the mortgage industry,” Pair said.  “We believe it will soon become to the mortgage industry what the Good Housekeeping Seal of Approval is to the makers of consumer products.”

For more information on William Sonsma or Fidelity Bancorp Funding please visit: www.fidelitybancorpfunding.com

About Fidelity Bancorp Funding

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, home buyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want. For more information, visit www.fidelitybancorpfunding.com.

Trump Changes Everything

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Trumps victory was surprising to many and the “fall – up” of optimism has been contagious.

This “fall – up” is not based on facts or results, and instead is based on feelings, which can lose steam.

The run up of the markets with increasing rates will result in a decrease in money supply, and will hinder growth if not mitigated by other fiscal and/or monetary policy. It is anticipated that the Fed will increase rates three times in 2017 and with every increase in interest rates, the debt service on our $20 Trillion in debt, which as a percentage of GDP becomes more ominous.

The markets in 2016 have run up on hope and optimism, while 2017 will require execution of Trump’s business friendly initiatives.

Keep your seat belts on at all times.

For More Information Call: (877) 585-FUND (3863) 

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

Trump Presidency – Rising Wages – Inflation – Rate Increase

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A Message from the CEO: 

There is a lot of speculation and opinions on what a Trump Presidency will mean on the markets, interest rates, housing, etc., so I thought I would take a moment to share some insights. Over the past few years the Federal Reserve has remained cautious and held off raising rates again and again and when they do raise them they are expected to raise them very slowly, as inflation has remained in check.

The US is not facing deflation, but the overall inflation statistics are and have remained, very low.

Keep in mind, though, that the money supply is accelerating, the jobs market looks tight (participation is at a 40-50 year low, meaning there is a shadow labor pool ready to work at the right wage). Underneath the calm exterior there are inflationary clouds on the horizon.

We have seen energy prices dropping and stabilizing and we have seen housing prices and costs increase over the last 6 years, all impacting the overall economy.

Then again, consider that

  • housing costs are up
  • medical costs are up
  • and now add in the Trump factor of higher wages and re-entry into the labor force workers who have been on the sideline; wage growth will accelerate.

Now some of these factors do not cause inflation and instead money causes inflation.

Inflation is too much money chasing too few goods.

Over the last 7 years, banks have been lending out at an expanded rate of 9% and more money brings more inflation. I believe we have hit the end of the road on low interest rates and inflation being in check. In 2017 we will see inflation increasing, with a corresponding increase in rates. I have been saying this for a while and still feel the fundamentals signal rising rates.

For more information call: (877) 585-FUND (3863) 

William Sonsma

President, Fidelity Bancorp Funding

(877) 585-FUND (3863)

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

How To Make Less And Buy More Of A Home

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Just Some Facts: 

As a direct result of some really incredibly low bond yields 30 year fixed rate mortgages remain in the 3’s as compared to rates in, say 2006, in the high 5’s.  Add that to the fact that since 2006 home prices dipped really low, and are now at levels equal to or greater than in 2006 (they have completely rebounded), at the same time as average incomes in the Southern California area have decreased from $61k to $54k from 2006 to 2016.

So how can people who are now making less money afford more of a home?

 

Simple “lower interest rates.”

Now expand this to the US and you discover that this same phenomenon is happening with our government. The US debt has increased from some 9 trillion to about 20 trillion while the interest payments have remained relatively flat. This is possible because the interest rate on this debt has significantly decreased. So what happens to home prices and to our government’s ability to make the interest payments on the National debt when rates rise?

I wrote a bit ago about a husband sharing with his wife, “Honey, we spent more money than we made this year, but the good news is Mastercard increased our limits so we are good.” Where are we headed?

 

What do you think? 

Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.

When to Refinance

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Critical Steps in a Refinance

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The Mortgage Process

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Right Time to Buy?

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