Welcome to JR Mortgage Services, Inc. We've been in business since 1995. We are your one stop shop for mortgage, real estate and notary. Please stop by and see us at 4717 Mangels Blvd. Fairfield, CA 94534. You may also contact us toll free @ 1-888-900-3461 or chat with us live. We will be happy to assist you with any mortgage / real estate questions which you may have.
Thank you,
Jai Ramaiya Sameer Punjani
Broker / Owner Broker / Owner
jai@jrmortgage.com sameer@jrmortgage.com
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 Mortgage News Daily - Mortgage And Real Estate News
More Negative Press for Fannie and Freddie - 14 hours ago
Last week former Federal Reserve Chairman Alan Greenspan strongly criticized the form of the Congressionally mandated Freddie Mac/Fannie Mae "backstop" program and a survey by the Wall Street Journal found that a small majority of economists involved thought the bailout of the two government sponsored entities (GSEs) would ultimately be invoked, handing taxpayers responsibility for their $5.2 trillion debt.Meanwhile, more voices were added to the chorus of experts and pundits predicting that government intervention will be required. Read More Now
Fed's Lacker Says Rate Hike Should Come Sooner Rather than Later - 14 hours ago
Speaking in an interview with Bloomberg TV, Richmond Federal Reserve President Jeffrey Lacker (non-voter) said the Fed should not wait too long for a rate hike.The Richmond Fed President said inflation will slow if oil prices drop. He added that inflation is still a "risky situation," and that keeping inflation in check requires a tight monetary policy... Read More Now
Fed's Fisher Says FOMC Cannot Risk Credibility, Must Act if Inflation Continues - 16 hours ago
The Federal Reserve must be prepared to take action and curb inflation if slowing growth doesn't moderate prices as expected, said the most hawkish member of the FOMC on Tuesday. Dallas Fed President Richard Fisher (voter), who has dissented from keeping interest rates on hold at the last two FOMC meetings, said the Fed will put its credibility at risk if it fails to combat inflation. He said the Fed has... Read More Now
Soft Freddie Mac 5-Year Auction Shows Credit Worries - 16 hours ago
U.S. government-backed mortgage finance company Freddie Mac caused ripples through the debt market on Tuesday after weak results in a $3 billion, 5-year note auction.The reference note sold for 113.0 basis points above the 5-year Treasury benchmark. Before the auction, the 5-year spread was 105 bps. Read More Now
Weakening Economy Favours Obama Win, Economists Say - 16 hours ago
The weakening economy is a major negative factor for the Republicans and presents candidate John McCain with an uphill battle for the Oval Office, economists from Global Insight say. Historically, there has only been one other election year where year-over-year growth in disposable income per capita was negative, noted Nigel Gault, chief U.S. economist at Global Insight... Read More Now
Drop in U.S. Housing Starts Due to Inflated June Figure, but Trend Still Downward - 20 hours ago
Despite coming in slightly higher than was expected, housing starts still slid 11% to 965k in July, though economists say the drop is misleading given the artificially high reading in June. Last month, economists unanimously agreed that the headline index was misleading due to a change in the housing code of New York City which propelled the jump. Read More Now
Tuesday's Events: PPI, Housing Starts and Building Permits - 21 hours ago
The release of U.S. producer price index along with housing starts and building permits for July tops news today. Markets will also be paying attention to comments from Dallas Fed President Richard Fisher and U.S. Treasury Secretary Henry Paulson speaking at separate events. Read More Now
July All-Items PPI Soars 1.2%, Core up 0.7% M/M - 21 hours ago
The U.S. Department of Labor's seasonally adjusted core measure of producer price inflation grew well beyond expectations with a 0.7% month-over-month gain in July, much faster than the 0.2% gain seen in the previous two months. The all-items measure of producer price inflation soared 1.2% in the month, following an even faster 1.8% pace in the prior month. Read More Now
U.S. Housing Starts Fall 11% in July - 21 hours ago
U.S. housing starts fell in July, but came in above expectations at 965k, representing a month-over-month decrease of 11.0%, according to data released from the U.S. Department of Commerce on Tuesday morning. The drop in the headline is misleading, however, as changes in the housing code of New York City raised June's housing starts and permits figures to elevated levels. Read More Now
Foreclosures Loom as Possible Public Health Menace - 1 day ago
It seems hard to believe, but there appears to be yet one more thing for which we can blame the mortgage crisis. And this is not a financial problem; it is a public health concern.Several cable networks have reported over the last few weeks that the hundreds of foreclosed houses covering suburban neighborhoods may be contributing to the spread of the West Nile virus. Read More Now |
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