We care about your well being
First American is your home for all things real estate. We provide sales and mortgage services for both residential and commercial real estate. Whether you're looking to purchase a perfect starter home or to finance your multiplex, we can help!
First American's success is simple:
First American's services are based on a comprehensive analysis combining our clients' needs with their desires. We listen to you, so we can provide a personalized solution tailored to your situation. First American believes in building long term client relationships.
Our staff possesses superior experience and knowledge. Our syndication practices throughout the entire Sunbelt region during the 1970’s & 80’s has not changed today. We believe no one, and perform our due diligence from scratch on every transaction. Purchasing property with a seller’s proforma promising an 8% cap rate and bank accepted 35% operating expenses is where your problem begins. Knowing the true income, expenses, and condition of the acquisition is crucial to the success of each and every investment.Unlike most companies, the CEO (Joe LaVeque) and President (Ed Chan) work for our staff members.
Our agents are considered partners, and we partner with each and every one of them. We train them, we advise them, we do all we can to be a part of their success. And the 1st rule in real estate we teach them is, “if you don’t own it, you can’t sell it”. Therefore, we are here only to perform the best possible services for our clients.
First American has developed long term relationships with banks, Wall Street firms, and private money lenders, that allow us to offer our customers superior rates and programs. It's a win-win situation for our clients and our agents.
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We offer you the competitive rates and service you deserve. Whether you're a first time home buyer or are refinancing - we will find you the best rate and program for your situation.
Apply online today for a no-cost, no-obligation pre-approval!
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 Mortgage News Daily
Treasury Auctions Done. Bonds Cautiously Resilient as Stocks Repeat History - 4 hours ago
Posted To: MBS CommentaryTreasury just sold $29 billion 7s to a group of uninterested buyers... Auction demand as measured by the bid to cover ratio was below average. 2.78 bids were submitted for every 1 accepted by Treasury. Compare that to the ten auction average of 2.81 and the five auction average of 2.86. 25.6% of the issue was awarded at the high yield of 2.394%. This was 2.1bps above the 1pm "when issued" bid, a sign that buyers were looking to pay a little less than they did. Primary dealers took down a much greater award than usual, which explains why the high yield tailed. 48.8% of the issue and 25.1% of what they bid on. Both metrics are above average. This is not indicative of strong buyside demand. Directs were awarded 8.9% of the competitive bid. That makes them 0 for 3 this week. Indirects...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Fannie Mae Preps Investors for Reform. Book of Business Reflects Tight Credit Conditions - 4 hours ago
Posted To: MND NewsWireIn the wake of the passage of Wall Street Reform, which many opponents have criticized Capitol Hill for failing to deal with the future of Fannie Mae and Freddie Mac, the Obama Administration is beginning to present the broad outlines of how the future of the GSEs will be determined. In a letter released Tuesday , David H. Stevens, acting commisioner of the FHA, said that the question of reforming the GSEs is "not if, but when." The Obama administration, he said, has made it clear from the beginning that the current structure of the government's role in the housing finance market is unsustainable and unacceptable, but winding down Freddie and Fannie abruptly would destabilize an already fragile housing industry and put the loans already on the books of these institutions at even...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Are HECM Regulators Acting Unethically Toward the Reverse Mortgage Program? - 5 hours ago
Posted To: Community CommentaryI recently spoke on two interesting panels at the American Conference Institute’s two day symposium on Reverse Mortgages. The conference was held at the famed Helmsley Park Lane Hotel in the heart of Manhattan. The conference attracted a virtual who’s who in the mortgage and reverse mortgage industry. The speakers and the attendees formed an eclectic group which ranged from major law firms, title companies, quality control experts, compliance examiners, HECM counseling experts and state and federal regulators and various enforcement agencies. There was a genuine desire to understand the program so that enacted policy could be effective. On the first day of speaking, I was joined by Dave Adkins, OTS, Matthew Yoon, Esq. and Arthur Axelson, Esq. I pointed out that HERA could prevent...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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