Crossline Capital
601 N Euclid Ave, Ontario, CA 91762
909-467-2000

LikeComment Chino Valley Unified School District Mother and Son Honored as LA Fair Chino Community Heroes  The L.A. Fair Chino Community Heroes were recently honored by the Board of Education. Jamie Harwood and her son Taylor, who is a 7th grader at Briggs Elementary School, are both avid supporters and participate in several Chino community organizations and events – including the Chino Youth Museum, 5K DairyAire Run, and the YMCA. In fact, it was Jamie who organized the Y’s first Reindeer Romp. Volunteering and serving the community is always a top priority for this mother and son team. Not only did these individuals share the spotlight at the Fair’s Salute to Heroes, they all share an intense desire to contribute to the communities they call home and to make it a better place to live. Like ·  · Share · Yesterday http://ow.ly/pCpeS

"It is Day 8 of the shutdown with both sides of the aisle taking justifiable hits from Americans who are clearly frustrated with the political process.

There were no economic reports released today, but Treasury will be selling a boatload of securities this week and the added supply is weighing on Bond prices.

With Mortgage Bond prices continuing to stall at current levels, I will recommend short term locking, which is measured in days to a few weeks."

We had many of the Best Realtors in the Inland Empire at our VIP Route 66 Car Show Event. Here are 2 of the 10 winners with Mortgage Banker Aylen Nolasco!

Ontario names new city manager

By Liset Marquez, Inland Valley Daily Bulletin

Posted: 10/02/13, 9:23 AM PDT |

ONTARIO >> The City Council has named deputy city manager Al Boling to succeed Chris Hughes as city manager.
The council unanimously made the decision during closed session of Tuesday’s council meeting. The appointment was announced during the meeting.
Boling has been with the Ontario for 17 years, first serving as the city’s first internal auditor and in the role of deputy city manager for the past six years.
Hughes, the city manager for the past three years, announced Thursday he will retire in December.


“I have the most utmost confidence and respect with Al Boling,” Mayor Paul Leon said. “I know the city will be well taken care of.”
As deputy city manager, Boling has overseen several city departments but has usually has a low-profile during council meetings.
“A lot of people don’t even know who Al is,” said Councilman Alan Wapner, motioning Boling to stand up to the podium at the council meeting.
Wapner said he has had several long conversations with Boling and is confident in his capabilities for the position.


The outgoing city manager has been at the helm of the battle for local control of L.A./Ontario International Airport. And on Tuesday, Wapner assured the public that things will be no different with Boling, adding he has been involved in the issue with the airport from the start.

Fall Funfest All Breeds Horse Show

Fall Funfest All Breeds Horse Show - September 1st

Spectators are welcome to attend the Annual Fall Funfest All Breeds Horse Show on Sunday, September 1st from 8:00 am to 4:00 pm at the McCoy Equestrian & Recreation Center, 14280 Peyton Drive.

The results are out for Fannie Mae’s program that recognizes top performing servicers.

Known as the Servicer Total Achievement and Rewards, or STAR, the program was created to establish servicing standards and acknowledge Fannie Mae servicers that stand out for their performance, customer service, and foreclosure prevention efforts, according to a release.
Only servicers with STAR scorecard results that are at or above median levels compared to those in their peer group receive recognition. Servicers were broken down into different peer groups based on portfolio composition and size. Servicers in peer group one have more than 215,000 Fannie Mae loans, group two has more than 75,000 loans, while group three has at least 500 seriously delinquent Fannie Mae loans.
Servicers recognized for the first half of 2013 in peer group one were Green Tree Servicing, Nationstar Mortgage, Ocwen Financial, PHH Mortgage, PNC Financial Services Group, Seterus, and Wells Fargo.
In peer group two, Fannie Mae gave a nod to Fifth Third Bank and Regions Bank.

Meanwhile, servicers acknowledged in the third group were Capital One, Colonial Savings, M&T Bank, Navy Federal Credit Union, Sovereign Bank, and Third Federal Savings and Loan.
For the first time, the 2013 midyear results also included key metrics to measure servicer performance and foreclosure prevention efforts.
“Our mortgage servicers’ efforts are critical to keeping people in their homes, preventing foreclosures and stabilizing communities,” said Leslie Peeler, SVP of Fannie Mae’s national servicing organization. “With our expanded 2013 mid-year assessment, we continue to recognize servicers that are on track to meet overall performance scorecard goals while also recognizing more servicers that are top performers in specific operational areas. We are working hard to share more information regarding our STAR assessment process so the industry can more easily identify and adopt best practices for the benefit of homeowners.”
The specific metrics used to examine performance and foreclosure prevention results were ability to assist 90-plus delinquent borrowers; efficiency when helping borrowers retain their homes; and liquidation efficiency when handling short sales and deeds-in-lieu.
Among those three metrics, Fannie Mae recognized servicers who showed leading performance when compared to their peer groups.
Three servicers were recognized for their ability to handle 90-plus delinquent accounts: Seterus, Regions Bank, and Branch Banking & Trust Company.
Seterus also stood out for retention efficiency, along with OneWest Bank and Colonial Savings.
The servicers that were acknowledged for liquidation efficiency were GreenTree Servicing, Fifth Third Bank, and Navy Federal Credit Union.

RIVERSIDE: Ontario airport is focus of city talks

RIVERSIDE: Ontario airport is focus of city talks

Send to a Friend Joyce Dow Crossline Capital Phone: (909) 467-2000 Fax: jdow@crosslinecapital.com In This Issue  Last Week in Review: Housing news was front and center, plus the minutes from the Fed's July meeting were released. Forecast for the Week: The last week of August brings some key reports, with news on inflation, Gross Domestic Product, Consumer Confidence, and more. View: If you use your mobile phone for work calls, there are some easy ways to save minutes and money. Last Week in Review  "I'm on my way...just set me free...home sweet home." The lyrics from Motley Crue's Home Sweet Home sound like a tune the housing market could be singing, as the news shows that the housing sector continues to recover--for the most part. Existing Home Sales rose by 6.5 percent in July from June and are up 17.2 percent since this time last year. In addition, the Federal Housing Finance Agency reported that home prices rose 7.7 percent in the year ended in June. From May to June, prices rose by 0.7 percent. However, New Home Sales dropped 13.4 percent in July from June, below expectations, and June's numbers were also revised lower. Also of note last week, the minutes from the Fed's July meeting of the Federal Open Market Committee were released--and they offered no clarity as to when the Fed will begin tapering its Bond purchases. Remember that the Fed has been buying $85 billion of Bonds a month to help stimulate the economy and housing market. This includes Mortgage Bonds, to which home loan rates are tied, and these purchases have helped home loan rates remain attractive. The Fed has said the rate of its purchases will continue to depend on economic data, and could be increased or decreased accordingly. Jobs data is one area the Fed will be watching especially closely. And last week, there was a jump in weekly Initial Jobless Claims, which rose by 13,000 to 336,000. Though this was in line with estimates and the figure remains near post-recession lows, it is the highest level in a month. However, the 4-week average, which evens out seasonal abnormalities, fell to 330,500, near 6-year lows. What does this mean for home loan rates? Economic data in the coming weeks will be a key factor in whether the Fed begins tapering its Bond purchases as early as its meeting in mid-September, or if it waits until later in the year or even 2014. This timing could pay a big role in the direction Bonds and home loan rates move in the months ahead. The bottom line is that home loan rates remain attractive compared to historical levels and now remains a great time to consider a home purchase or refinance. Let me know if I can answer any questions at all for you or your clients. Forecast for the Week  The calendar is busy this week, with important news from start to finish. The week kicks off Monday with Durable Goods Orders, which are orders for items that last for an extended period of time. In housing news, the S&P/Case-Shiller Home Price Index will be released on Tuesday. Consumer Confidence will also be released on Tuesday with the Consumer Sentiment Index following on Friday. As usual, Weekly Initial Jobless Claims will be released on Thursday, as claims hover near six-year lows. Also on Thursday, Gross Domestic Product for the second quarter will be closely watched for any signs of an uptick in economic growth. The initial reading was a rather weak 1.7 percent. Ending the week on Friday, we'll see Personal Consumption Expenditures, the Fed's favorite read on inflation, along with Personal Income, Personal Spending, and Chicago PMI data. Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on. When you see these Bond prices moving higher, it means home loan rates are improving -- and when they are moving lower, home loan rates are getting worse. To go one step further -- a red "candle" means that MBS worsened during the day, while a green "candle" means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning. As you can see in the chart below, Bonds were able to stabilize last week. Home loan rates remain attractive and I will continue to monitor them closely. Chart: Fannie Mae 4.0% Mortgage Bond (Friday Aug 23, 2013) The Mortgage Market Guide View...  How to Make Free Calls Software and apps you can install on your computer or smart phone can help you save money on calls. By Cameron Huddleston, Kiplinger.com You've likely heard that ditching your landline is a good money-saving move. But if you're relying on your mobile phone to make all your calls, you might have to pay more to get unlimited minutes. So to keep costs down, consider using a free Internet calling service. There are several you can download to your computer, smart phone or tablet. These services also are ideal for people who make international calls and for college students who want to keep in touch with friends and families. Because they're free, you can try out all of the services below to see which works best for you. Skype. To use Skype, you need an Internet connection and a computer or mobile device with a microphone and speakers. It only takes a few minutes to install it and create an account with a username that will serve as your contact information (rather than a phone number). Then you can make free voice and video calls (if you have a webcam) to other Skype users. You also can use Skype for instant messaging and file sharing. Viber. Unlike Skype, Viber doesn't require you to create an account with a username. Instead, it uses your mobile phone number. So you must first install it on your smart phone. Then you can install it on your computer if you want. In addition to free voice and video calls, Viber offers free text and photo messaging and location sharing with other Viber users. Just make sure you use a Wi-Fi connection rather than 3G so you don't use your phone's data. Vonage Mobile. This relatively new Android and iPhone app lets users make free voice and video calls and send free text messages to others with the app. You also can use it to make free calls to Vonage home phone customers. Like Viber, it uses your mobile phone number as your caller ID. Reprinted with permission. All Contents ©2013 The Kiplinger Washington Editors. Kiplinger.com. Economic Calendar for the Week of August 26 - August 30 Date ET Economic Report For Estimate Actual Prior Impact Mon. August 26 08:30 Durable Goods Orders Jul NA   3.9% Moderate Tue. August 27 09:00 S&P/Case-Shiller Home Price Index Jun NA   12.2% Moderate Tue. August 27 10:00 Consumer Confidence Aug NA   80.3 Moderate Wed. August 28 10:00 Pending Home Sales Jul NA   -0.4% Moderate Thu. August 29 08:30 GDP Chain Deflator Q2 NA   0.7% Moderate Thu. August 29 08:30 Gross Domestic Product (GDP) Q2 NA   1.7% Moderate Thu. August 29 08:30 Jobless Claims (Initial) 8/24 NA   NA Moderate Fri. August 30 08:30 Personal Income Jul NA   0.3% Moderate Fri. August 30 08:30 Personal Spending Jul NA   0.5% Moderate Fri. August 30 08:30 Personal Consumption Expenditures and Core PCE Jul NA   0.2% HIGH Fri. August 30 08:30 Personal Consumption Expenditures and Core PCE YOY NA   1.2% HIGH Fri. August 30 08:30 Consumer Sentiment Index (UoM) Aug NA   80.0 Moderate Fri. August 30 09:45 Chicago PMI Aug NA   52.3 HIGH The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is without errors. As your mortgage professional, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.

Ontario, California Real Estate Loans

In This Issue           Last Week in Review: Positive economic data capped a rough week for Mortgage Bonds and home loan rates, despite tame inflation data. Forecast for the Week: Housing news and the Fed meeting minutes highlight a quiet economic calendar. View: Knowing the difference between action and activity can make a big difference in achieving your goals. The easy tips below can help.           Last Week in Review           "If you build it, they will come." And while that line from the movie Field of Dreams may have referred to a baseball field, after last week's news it could also apply to the housing market. The housing sector continues to improve despite the recent rise in home loan rates, as Housing Starts rose 5.9 percent from June to July to 896,000 on an annualized basis. This was in line with estimates. Building Permits, a sign of future construction, were up 2.7 percent, coming in above expectations. In addition, the National Association of Home Builders Housing Market Index rose to 59 in August from the 57 recorded in July. This is the best level in nearly eight years. Retails Sales for July were also positive, rising for the fourth straight month. When stripping out autos, sales surged by 0.5 percent, the fastest pace this year. And there was good news for the labor market, as Weekly Initial Jobless Claims fell to 320,000, a level not seen since October 2007. There were no apparent seasonal distortions in the numbers. In the manufacturing sector, Empire State Manufacturing came in above expectations, while the Philadelphia Fed Index came in just below expectations. What does this mean for home loan rates? Remember that the Fed has been buying $85 billion of Bonds a month to help stimulate the economy and housing market. This includes Mortgage Bonds, to which home loan rates are tied, and these purchases have helped home loan rates remain attractive. The Fed has said the rate of its purchases will continue to depend on economic data, and could be increased or decreased accordingly. Rest assured that the Fed was watching all the good economic reports from last week very closely. The data that continues to come in will be a key factor in whether the Fed begins tapering these purchases as early as its meeting in mid-September, or if it waits until later in the year or even 2014. One thing that is also important to note--inflation at both the wholesale and consumer levels remains tame, as evidenced by the Producer and Consumer Price Indexes for July. This gives the Fed cover to continue its Bond purchases if economic data takes a turn for the worse. The bottom line is that now remains a great time to consider a home purchase or refinance, as home loan rates remain attractive compared to historical levels. Let me know if I can answer any questions at all for you or your clients.           Forecast for the Week           The economic calendar is quiet this week, but the Fed meeting minutes could move the markets. Housing data is front and center, with Existing Home Sales on Wednesday and New Homes Sales on Friday. The only other report of significance is Thursday's Weekly Initial Jobless Claims. In addition, the minutes from the Fed's latest Federal Open Market Committee meeting will be released on Wednesday at 2:00 p.m. ET. If the minutes hint that the Fed may start tapering its Bond purchases after its September meeting, this could cause volatility to ramp up to an extremely high level. Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.  When you see these Bond prices moving higher, it means home loan rates are improving -- and when they are moving lower, home loan rates are getting worse. To go one step further -- a red "candle" means that MBS worsened during the day, while a green "candle" means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning. As you can see in the chart below, last week was a rough one for Mortgage Bonds and home loan rates. I'll be watching the news closely to see if economic reports continue to be positive...and if there is more talk of the Fed's tapering its Bond purchases in September. Chart: Fannie Mae 3.5% Mortgage Bond (Friday Aug 16, 2013)           The Mortgage Market Guide View...             Activity or Action Do You Know the Difference? The words activity and action sound similar, and are sometimes used as synonyms. To a casual observer, there may not be any visual difference between one person's activity and another'saction. Yet when it comes to reaching goals in business or life, activity and action are two very different things. So what's the difference?  Activity is 'doing', it has no destination, it is an expense of energy. Action is 'accomplishing', it is based on a plan, it builds its own momentum. Here are a few examples to help clarify: Activity: Making a New Year's resolution. Action: Stop smoking. Activity: Planning a newsletter to clients. Action: Send a newsletter to clients. Activity: Researching gym memberships. Action: Exercise. Activity: Reading diet books. Action: Eat healthy. Is activity bad?  Absolutely not. We need to plan, and activity is an essential step in the process. This is the appropriate place to prepare, research, study, set goals, or create a vision. Still, it's a preliminary step, and that's where people tend to get stuck. (Did you ever notice how busy you feel when you're procrastinating?) In reality, activity is only preparation for the actions that will make a difference in your life and career. How to take more action: If activity has become your preferred form of procrastination, here's what to do: Schedule it. Schedule everything from working out, to writing prospecting emails, to sending newsletters. Remember, don't use this time for planning goals, use it for taking actions that move your goals ahead. Pick a date. For larger scale goals or projects requiring more planning, it's good to put your deadline in your calendar. Schedule all the pieces as they come up, but stick to your deadline. Tell somebody. Always try to build accountability into taking action. Make both your goals and your deadlines public by telling a close friend, a mentor, posting it on Facebook, or even enlisting as many people as you can. There's pressure, but it's the good kind! Don't forget to pass these helpful tips along to your clients and colleagues. Economic Calendar for the Week of August 19 - August 23 Date ET Economic Report For Estimate Actual Prior Impact Wed. August 21 10:00 Existing Home Sales Jul 5.20M   5.08M Moderate Wed. August 21 02:00 FOMC Minutes 7/31 NA   NA HIGH Thu. August 22 08:30 Jobless Claims (Initial) 8/17 337K   320K Moderate Fri. August 23 10:00 New Home Sales Jul 490K   497K Moderate