Thank you so much for this information! It has helped me put together a refinance
for a client that will save him more than $500 per month on his current mortgage payments!
You made my day! All the best,
- Lisa Moriello, United Mortgage Finance Group
I have been lucky enough to know Leslie Peterson from waaaay back in my career (1992 to be exact.. and I have the wrinkles to prove it). Leslie is an FHA guru and knows just about everything on FNMA/FHLMC. She is a guideline specialist and has a talent for deciphering industry changes so the rest of us can understand what's going on and what we need to do about it.
Leslie offers loan officers, processors and underwriters her insights through Mortgage Currentcy. This unique and invaluable publication presents not only the factual industry updates as they occur; it also offers Leslie's interpretive response to let you know exactly how the changes affect you and your real life loans.
But hey, don't just take my word for it - Leslie is offering a free 15-day trial so you can check it out yourself. In today's market, it is essential that you stay on top of ALL the changes and technicalities of our industry. Mortgage Currentcy offers this in one place and in a format you can relate to! ~
Bliss Sawyer
Dear Friends,
I know that you are as confused as we all are. I can not figure out from one
week to the next what rule book we are using.
I was trying to get information from as many sources as possible, then
trying to understand what it meant and did it apply to me.
I was most fortunate to meet this really smart and very helpful woman (Leslie Petersen) that
has an updating service for keeping us as current as possible on Government; as
well as Fannie Mae and Freddie Mac( or whatever they are after today). She
sends out a monthly newsletter and does a lot of Q and A. Which is very
difficult to get anybody on the phone or email that can give you a straight
answer. I purchased her FHA book and we call it the bible because it covers
everything and I can never find what I am looking for in Allregs. If I do I
do not understand it. It has been the best $197 I ever spent.
I have talked with several of my mortgage friends and we are all grasping
for the Fountain of Knowledge. This is as close as you can get. I am
attaching the home page of her web site.
I hope this helps you as much as it has me.
Vicki Williams, President, Anchor Mortgage Services, Montgomery, AL
P.S. She did not pay me to say this; I just knew how much it had helped our
office to be able to get straight answers quickly.
Leslie, I just wanted to say how much I appreciate the information you provide on your website. Your articles are amazing and I read every one them word by word. At the times,When everybody has confusing interpretations of the new guidelines, you make them seem so simple and easy to understand. Great Job. ~
Ed Eissa, National Mortgage Associates
Leslie, I subscribed! (and worth every penny!) Thanks!~
Dan Tenchall, Great Lakes Mortgage Funding
Leslie, We (all of us in the mortgage industry) would be lost right now if we didn't have you and mortgagecurrentcy.com to hold our hand. I appreciate your commitment to this. It is truly 'making' my business right now! ~
Tracey Rumsey, SWBC Mortgage
Hi Leslie. I received the FHA Lending, Originating Processing and Underwriting manual. Thank you so much, as it appears it will become my best-friend! ~
Janice Higginbotham, Bank Independent
Hi Leslie! Thank you! I love your website... I used all your material yesterday in a presentation. This is a great idea. I hope you have much success with it. You deserve it. ~
Cynthia Garza, Flagstar Bank
Your Mortgage Currentcy is a very helpful tool and I really appreciate the hard work you put into it. One of the things I particularly enjoy is the thoroughness by which you approach things. I am a former accountant and am big on knowing the rules so as to know how to best play by them, and your expertise really shows through in your work. Keep up the good work; it is really nice to have an information source such as yourself! ~
Caleb LeGrand, Evergreen Mortgage & Financial
Leslie, I wanted to thank you for all of your wonderful information on MC. When I heard about the $7500 tax credit (interest-free loan), I informed my best friend of it. She and her husband are set to close on their first home Sept. 26, and no one had told them about it. Wouldn't you their realtor and loan officer would be telling all of their potential buyers/clients in the pipeline about it? ~
Jenna Lindseth
I saved a deal my competitor turned down. Now that agent thinks I'm a miracle worker! ~
David Reed, CD REED Mortgage Bankers
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I really appreciate what you are doing. You take the legalese, break it down to the bottom line AND then give us an action plan to execute the info into action and deals. ~
Tim Davis, Titan Home Loans & Loan Officer Coach
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Leslie ~ I was actually gonna write to you without being prompted. I am so impressed. Really. I think you provide exceptional value. I really liked the talking points I can mail to Realtors. Thank you. ~
Kelly Stapley, Mortgage Contracting, Salt Lake City, UT
Hi Leslie ~ Love your newsletter and website! I signed up for a 2 year membership (worth every penny!) Keep up the great work; you are providing a great service in a time when rumors and misinformation is rampant. Having the right information is key; especially in these crazy times. Thanks Leslie! ~
Nadia Assaf, Fortes Financial, Honolulu, HI
Leslie - I have to let you know that you explaining the Fannie & Freddie guidelines regarding the deprecation portion of the mileage deduction being allowed as part of the depreciation addback--that was actually a deal saver for me. ~
Caleb LeGrand, Evergreen Mortgage, Simpsonville, SC
She was willing to work her presentation around our needs as a bank and spoke directly to our most pressing issues. She was very personable and cared about our questions and needs even beyond her presentation. ~
Janet Gnam, Thunder Bank, Kansas
As the owner of a large mortgage company, I relied on The Mortgage Currentcy for years as most reliable source
for compliance issues and agency guidelines. I have subscribed to every resource available in the industry on such
content and found The Mortgage Currentcy to be the best. I use the arrival of each issue as the time in my
calendar to assess compliance and guideline concerns in my company. Additionally, my service staff enjoys reading
it and it has served as an invaluable training tool. Nothing else in the market compares!
Kelly L. McGuinness, United Mortgage Finance Group, Inc.
...I knew you were a class act simply from the articles you've written and the presentations I've attended. Authenticity shows through in places you least expect it.
David Bush, My Mortgage Community
Just a note to say thanks for all you do. I read Mortgage Currentcy religiously -
it is the BEST source for keeping up to date! Your contribution to our industry is enormous.
Mats Kinnison, CTX Mortgage
I really like your newsletter and find it very helpful and written in plain
English.
Jeannie Hammon, Inland Empire Bank
Thank you for the informative update on FHA guidelines. It's great to learn from
someone who knows the guidelines and knows what they are talking about!
Ginger Peel, Countrywide
Thank you. It really helped me to understand VA much better. I think you are an
excellent teacher!
Renee Watson, Norwest Mortgage
I wish I could think of some really clever, profound thing to say or way to express
my thoughts and feelings, but ALAS, I can't. Suffice it to say "You are the best". OUTSTANDING.
Super. Head and shoulders above the crown. In the common jargon of the teens of today, "awesome,
DUDE!". Now, I know you're still human, barely. But your output is in its own class.
Diana Eash, Salt Lake Mortgage
I am a member of MortgageCurrentcy and appreciate the knowledge/insight you provide.
Tim Prindle, MGM Funding
The processing and underwriting article and Jeff Lazerson's article are the two I
look forward to the most in MOM magazine. Although the rest are good, yours and Jeff's articles offer
things which further enhance the service I provide to clients and make me more knowledgeable - but in
my clients eyes I am really seen as a trusted advisor.
Michael Brunelli
Your knowledge is enviable and your presentation excellent.
Callean Laird
I feel so much more confident thanks to you. You do such an incredible job. On the
personal side of this business - it is people like you whom I have taken for granted through years
that have made this business such an extraordinarily wonderful business to be in. You have made my
life so much richer and I am grateful today for that.
Marc Johnson
Thanks so much for all your great information!
Vicki Willians, Anchor Mortgage
Leslie, I too have been in the mortgage industry for over 30 years. I must say I really enjoyed your article on FHA originations. I just came from a seminar hosted by Fannie Mae and they encouraged everyone to utilize FHA, when the loan amount works.
The severe underwriting restrictions on their “Mini Jumbos” (over 417K – 729K ) and their new FICO adjustments lead me to believe they really don’t have a great appetite.
I too believe there is a lot of business out there that FHA can swallow and I truly believe their way to go.
Again, it was a great article...
Frank M. Howard, President/CEO
As a broker who’s trying to do it right I applaud your article. This time around I’m faced with inexperienced LO’s but more importantly lenders that have no idea what they are doing. I had a rep in my office that said, “we have special permission from HUD to take loan from non HUD approved lenders.” Unfortunately for the rep that was the line fed her at her corporate office. I just stood there and laughed.
Keep fighting the battle. Thanks ~
Mike Soldati, Fairfield, CA
I just memorized Leslie's news letter and let me tell you girl friends if you are not a subscriber to Leslie Peterson's Mortgage Currency you are going to be in for a long year or two!!! ~
Denise Phillipi, Peoples Bank, KS
I love your book. It is so helpful. I do not know how I lived without it. ~
Lori Harris
I read your article in Broker Universe. I love the way you explain everything in laymen's terms so all can understand. ~
Audrey Acquisti, CRMS, MSource Finanical & 2008 Michigan Mortgage Brokers President.
I love your newsletter. ~
Lonnie Hansen, RMIC Underwriter
Leslie, I think the service that you are providing is invaluable considering current market conditions and the ever-changing landscape in which we are operating. Keep up the good work! ~
Kurt Endres, IndyMac Bank
Just read your newsletter and you seem to be right on content that is pertinent to today’s market. ~
Bob Sullivan
I could never navigate this stuff without your breakdowns. I love your comments from each angle (LO, processor, etc). I LOVE your Q & A Sections. I have gone back and reviewed all of them on every newsletter. Excellent information. ~
Tracey Rumsey, SWBC Mortgage
