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The Honor Roll Show 01: Mike Meena, Augusta Financial, on Rates, Condos, and the Crash That Isn't Coming
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Episode 01 of The Honor Roll Show, a spotlight on the Santa Clarita businesses worth knowing and the people who run them.
Mike Meena has been lending out of the Santa Clarita Valley for decades. In this one he doesn't pitch, he does the math out loud.
What a mortgage payment actually costs once you count the write-offs and the principal you're paying down. Why more than half of this market is locked into a note under 4% and isn't selling at any headline. Why condo loans keep dying in escrow over Fannie Mae warrantability and a balcony repair nobody…
The skinny
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