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Pinnacle Capital continues to increase market share! 
New Stats for Q3 2011:








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Kudo-storm: An expression of a job well done gone viral through email!


 "Fabulous! Thank you everyone for helping us pull this one together ;-)
Marsha Tempel
Vintage Mortgage Group 
"Love the team work! Thanks everyone."
Dennis Smith
Stratis Financial

"This is very helpful. Thanks!
I am learning to love PCM..."
Jay Voorhees
JVM Lending

"Mike Bauer, thanks, SUPERMAN!
Zoila Campos
American Capital Home Loans (PCM affiliate)

"I appreciate everyone's help immensely! Thanks :)"
Irene Moustakas, MBA
Granite Financial RE Loans
Best Place 2011

Pinnacle Capital Mortgage Corporation

Concord Branch

honored as 12th best place to work in the San Francisco Bay Area 2011




Pinnacle Press

Mortgage Musings and Industry Updates 

As we head into our short Holiday week and prepare to spend time with our families and friends, let's all remember to count our blessings!


As a loan originators, you may give thanks for the following news; our Washington DC, consultants advise us this morning that

the House and Senate have passed the Appropriations Bill and the President is expected to sign the bill today.Give Thanks 

The Bill contains the following provision: 


FHA Mortgage limits restored to pre-October limits

Maximum loan limit: 125% of area median sales price up to $729,750 (Floor remains @ $271,050)


We will delay implementing until we have written guidance from FHA and our investors.


Fannie and Freddie stay at current levels (115% of area median and $625,500)


This indicates Washington now understands the importance of the housing recovery to the broader economic recovery.


Not everyone is happy about the news however, read more here.

The National Association of Realtors is happy about the news and issued this release. Great talking point for this Friday! 


Have a safe and happy Thanksgiving Holiday!

HARP the Herald? not so fast!

HARP the Herald? Not so fast... 


There has been a lot of hype over HARP 2.0 since we first learned of it in October. The details were released last Tuesday, November 15th.


Yes, LTV caps will be removed for all Fixed rate mortgages with terms up to 30 years. But we won't be able to utilize this relief until DU is updated in March 2012.


PCM will issue new guidance on our DU Refi Plus program once implemented and as more information becomes available. Let's hope rates hold out until then.


LLPAs (loan level price adjustors) will be lowered and this is a good thing. Take some time to understand the guides as you will no doubt get phone calls from your clients on this program.


FNMA Guide Announcement - SEL 2011-12

FNMA Refi Plus FAQ

FNMA Refi Plus Price Matrix


FHLMC Bulletin 2011-22

FHLMC LLPA Pricing Matrix   


Couple of Housekeeping Items...



Our Admin Fee is going to $995 effective with submissions 12/1/2011.


This will enable us to cover the ever increasing cost of doing business in the current environment while not compromising service.


As we do every year, our Concord/Irvine operations centers will be donating $20 for every loan funded in December AND January (new this year) to a charity selected by our staff. This year we will be donating to St. Judes Research Hospital for Children. We can only do this becuase of your continuing support!  We thank you.


St. Jude

We, at Pinnacle Capital Mortgage, stand ready to support you as we head into 2012 whether as your wholesale lender or banking partner. The best business model that works for you is the one that works for us!

Terri Buckman
VP, Wholesale Lending  & Affiliate Branching 
Named CAMP 2010 Affiliate of the Year & 200 Club Member
Cell 925.822.5931
My Blog solely represents my own personal opinions and commentary and does not represent the opinions of any corporate entity or other individual. The intent of this blog is to start conversation on topical mortgage issues. This is not advice and should not be acted on accordingly. Further, this information is intended for mortgage professionals only and is not intended for consumers
� 2011
Pinnacle Capital Mortgage Corporation    Equal Housing Lender  NMLS 81395   | ID-MBL-6950, WA CL-81395, NM-03710 Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. CA License #RMLA-4130351, ID License MBL-6950, AZ License 910890, UT License 7033397-MLCO, NM License 03710
 Equal Housing