2/15/24  –  Annoying Trigger Leads

2/15/24 – Annoying Trigger Leads

President | Loan Officer
Mike Meena
Published on February 15, 2024

2/15/24 – Annoying Trigger Leads

After we do a hard pull credit report. Many of our clients get harassed by other mortgage and insurance companies wanting their business, and sometimes buyers can get up to 20 calls after that hard credit inquiry! These calls and texts annoy and frustrate a potential buyer, but it is not the lender’s fault! The credit agencies Equifax, TransUnion, and Experian sell the data to make a few more bucks!


There are a couple of things we can do to stop Trigger Leads, and the first one is to copy and sign the petition below and then let your database know that they should do the same! Nice reason to contact your peeps, and here is that link below:



While we wait for our complaint to hit the ballot, if it ever does, they can opt out of getting harassed by Trigger leads by going to https://www.optoutprescreen.com/. Going there will take them about 3 minutes or less and will stop calls and emails. Trigger leads are such an obvious nuisance to our clients, and it will be interesting to see how the credit agencies will spin it when it gets on the ballot.


I updated the condo list from what I could find on Fannie’s naughty list for the San Fernando and Santa Clarita Valleys! Fannies list is now due to the condo falling in Florida and it is forcing condo projects to stay up on maintenance, or lose the ability to get financing!


Condo / Townhome issues we know of now. Properties can be financed with 10% down and are considered NON-WARRANTABLE:

  1. American Beauty Condos – The brown ones – Insurance – 50 Mil in coverage for 748 units is not nearly enough!  
  2. American Beauty Village West: Reserves 
  3. Bouquet Canyon Village – Insurance – On Fannie’s list!  
  4. Bridgewater, Emeryville - On Fannie’s list!  
  5. Brookside Walk – Insurance –
  6. Cabrini Villas, Burbank - On Fannie’s list!  
  7. Canyon Oaks – Insurance On Fannie’s list!  
  8. Casa Marabella – 13951 Sherman Way, Van Nuys -On Fannie’s list!  
  9. Cornerstone – Insurance -On Fannie’s list!  
  10. Encino Oaks – 5460 White Oak Ave – On Fannie’s list!  
  11. Liberty Canyon HOA – 27409 Country Glen Road, Agoura Hills, CA– On Fannie’s list!  
  12. Mariposa: Insurance On Fannie’s list!  
  13. Penn Court HOA – 4201 Pennsylvania Ave La Crescenta On Fannie’s list! 
  14. Rainbow Sierra Terrace – Underinsured and voting on Insurance in March! 
  15. Scenic Hills – Insurance – On Fannie’s list!  
  16. Shadow Ridge – Oak Park – Insurance -On Fannie’s list!  
  17. Sherman Way Condos – 17900 Sherman Way Reseda – On Fannie’s list!  
  18. Sierra Glen Condos – Insurance – On Fannie’s list!  
  19. The District Community Association – 19533 Cardigan Dr, Northridge – On Fannie’s list!  
  20. The Met at Warner Center, Woodland Hills - On Fannie’s list!  
  21. Treana – Stevenson Ranch: *** NEW 2/13/2024*** On Fannie’s list!  
  22. Valle Di Oro – *** NEW 2/14/2024*** On Fannie’s list!  
  23. Walnut Gardens II – 7320 Lennox Ave Van Nuys CA – On Fannie’s list!  
  24. Warner Center Condos – 5515 Canoga Ave, Woodland Hills, CA On Fannie’s list!  
  25. West Creek Condos and Townhomes: Insurance On Fannie’s list!  


Please let me know if you hear anything new on condos or townhouses.


Interest rates are getting a little worse every day, and there is nothing we can do about it! Oh yes, we can! Stop spending money! LOL!

  • 12-day escrows if your buyer is pre-approved - Conventional / FHA / Jumbo / Bridge
  • We do loans in all states, so call me with anything you need.  
  • Government Loans (FHA / VA) are in the high 5’s and low 6’s
  • Conventional Loans up to $765,550.00 are in the low to mid 6’s
  • High Balance Loans $765,550.00-$ 1,148,325.00 are in the mid to high 6’s
  • Jumbo loans above $1,148,325 are in 6’s
  • Bank statement loans - They are available with 10% down again! 6’s to 9’s depending on down and credit score.
  • No income qualifier – 40% down with reserves! In the 8’s!
  • 0 down loans are in the high 7’s – 660 credit score min right now, up to $793,000.00.
  • Private Money lenders - Hard Money Loans – 35% down!
  • No Ratio Loans 30% down
  • Debt Service Coverage loans with as little as 25% down
  • Bridge Loans - typically 7.49% with limited fees – and they get you where you need to go!
  • 0 down California Dream for all Equity Share – Postponed until February 2024???
  • 3/2/1 Buydowns 2/1 Buydowns and 1/0 Buydowns are available at great start rates!

Interest rates are subject to change without notice! The above are LA County Loan Limits.


I am available all weekend if you need anything. Let me know if you have any questions or if someone is interested in buying a property! My cell is 661-714-6258, and my office line is 661-260-2970 ext. 2222. Please text (661-714-6258) or email me at Mike@AugustaFinancial.com.


Have a great day and an even better tomorrow! Please call me when you have a client who needs to borrow!

President | Loan Officer
Mike Meena President | Loan Officer
Click to Call or Text:
(661) 714-6258

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