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One of the biggest mortgage lenders in the game has abruptly shut down operations regarding reverse mortgage originations. The Virginia based company, Live Well Financial, was founded in 2005 by Michael Hild, a local entrepreneur and former Capital One executive. The originations came to a stop a...
Let’s talk about buying and renting property. Many people prefer to rent their living space instead of securing a mortgage, based on different facts: no long-term commitment, lower payments, fewer maintenance costs, to name a few. And, when people come to get some kind of advice with me, their op...
Mortgage sales and applications saw a big drop through all of April. There’s been a huge growth on external economies (mainly european), this normally leads to an increase in local concerns and fears. As a consequence, we’re seeing an increasing drop on new mortgage acquisition and even less acti...
We’ve seen a slow increase in home prices throughout this year (almost 0.7%). Appreciation might be increasing slower than in 2018, but we’re expecting a radical increase over the next month (CoreLogic’s forecast says it might be around the 4.7% - 5.0% range). “During the first two months of the ...
As I wrote in the previous post, when the 10 Year Treasury yield gets below the 2 Year’s Yield (which is right now at 2.25), it’s usually when we see a recession coming. Again, this is nothing to be scared about, recessions are normal. But when we talk about mortgages and real estate it’s not a b...

Phil Stevenson, CRMP

"Mortgage Nerd" in Miami, Florida and Texas
local_phone(888) 845-6630
local_phone(305) 791-4874
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