March Breakfast Meeting

• Basic bond market math
• What moves mortgage rates
• How rate sheet prices are set
• Why do prices change during the day
• Why do different companies offer different pricing
• What is the difference between Ginnie, Fannie, and Freddie securities
• What is “servicing”
• What kinds of debt are there
• What would happen if there wasn’t a secondary market

Rob Chrisman began his career in mortgage banking - primarily capital markets - 30 years ago in 1985 with First California Mortgage, assisting in Secondary Marketing until 1988, when he joined Tuttle & Co., a leading mortgage pipeline risk management firm.

He was an account manager and partner at Tuttle & Co. until 1996, when he moved to Scotland with his family for 9 months. He returned to the United States in mid-1997 and ran Secondary for Standard Financial, a sub-prime lender in northern California. In late 1997 Rob was hired by CrossLand Mortgage to start, and be the president of, a sub-prime company named OnCall Mortgage (a division of CrossLand). OnCall Mortgage was in existence until Wells Fargo purchased First Security Bank (the owner of CrossLand) at the end of 2000.

Rob then joined CMG Mortgage, a wholesale mortgage bank, as the Director of Secondary Marketing. In early 2003 and re-joined Tuttle Risk Management Services, Inc. TRMS (now Compass) provides mortgage pipeline risk management for mortgage companies and thrifts that seek to originate and sell loans into the secondary mortgage market. In November of 2006 Rob left TRMS to become the Director of Capital Markets for RPM Mortgage, a retail residential lender, leaving there in late 2008 to focus on not only publishing a widely read daily market commentary on current mortgage events but also on his family.

He is on the board of directors of Peoples Bank, a mid-sized depository in Kansas, of IFC, a financial services company which advances capital to heirs, and of International City Mortgage. He is also an advisor to the Board for First Mortgage, a member of the Secure Settlements Advisory Board, an associate of the STRATMOR Group, a member of the California Mortgage Bankers Association, and of the Mortgage Bankers Association of the Carolinas and its membership committee, and is on the Mortgage Advisory Board for the California Automobile Association. Rob has provided expert witness services for mortgage and real estate-related cases, has lectured to groups around the country,
Rob holds a BS from Cal Poly, San Luis Obispo, and an MBA from UC Berkeley.

THANKS TO OUR SPONSOR

Ruth Van Derostyne

Ruth Van Derostyne is the founder of Financial Education Services.

Ruth's experience spans over 25 years in areas of 1031 Exchanges, Real Estate sales, loans, foreclosures, bankruptcies, evictions, escrow title and now credit repair, debt settlement and business credit.

Ruth's experience spans over 25 years in areas of 1031 Exchanges, Real Estate sales, loans, foreclosures, bankruptcies, evictions, escrow title and now credit repair, debt settlement and business credit.Financial Educational Services began because Ruth saw an opportunity to help people get out of tough and unfortunate situations, and guide them through consumer rights laws stopping pesky collection companies from attacking them. Financial Education Services will give you recommendations on what can be done immediately, as well as in the long-term, to improve your credit. Ruth can also help both start up business's and people who have been in business for years establish Business Credit.

This is the place to get involved and  informed! Members and Prospective Members are welcome!   Come join us!

Breakfast will be served!