Mortgage / Finance

Anybody that's hung around the ActiveRain “water cooler” for any length of time understands the value of the relationships built on the site. AR is so much more than a social networking site, however.


It's also the place to get up-to-the-minute information on topics that affect your clients. Ask yourself: what's the most confusing aspect of buying a home for the real estate consumer? The answer is most likely financing the purchase. Credit scores and how they affect the mortgage rate, types of loan products, points, fees – whew! -- there's a lot to know about mortgages.


To serve your clients effectively you need to know about this stuff and keep abreast of changes in the mortgage industry. Thankfully, ActiveRain is not only popular with real estate agents and brokers but with finance professionals as well.


Whether you're an agent trying to figure out what the Fed's latest move means to your clients or a mortgage pro who needs input on how to build relationships with real estate agents, ActiveRain is the place to tap into a wealth of knowledge.

Trending blogs on Mortgage / Finance

 

By Richa Nayyar
(Coming service)
Comments 0
To consume marijuana, vaping is considered an accessible and convenient way. It is more appealing to customers. For this purpose, different types of vape pens are available, but the emitted vapours are odourless and harmful to health. It burns carcinogens. On the other hand, THC vaping is conside...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.89%* CANHOU 06/15/25 [+0.01]   ‌ 10 Year - 1.97%* CANHOU 06/15/30 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.58% CAN 1.50 09/01/24 [+0.01]   ‌ 10 Year - 1.58% CAN 2.25 06/01/29 [+0.02]   ‌ 15 Year - 1.68%* CAN 06/01/35 [+0.01]   ‌ 20 Year - 1.73%* ...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 1
 We are just 2 weeks away from the mandatory deadline for employers to send out 2019 Income Documentation.If you have a loan in process or have a recent preapproval it is important to get your 2019 W2 to your lender as soon as you have it.If you are closing in January you probably will not need i...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“The Wife Made a Very Good Investment”    A New York attorney representing a wealthy art collector called and asked to speak to his client."Saul, I have some good news and I have some bad news."The art collector replied, "You know, I've had an awful day, Jack, so let's hear the good news first."T...

By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Comments 14
Under Florida real estate law the new owner is liable for the old past due assessments from the prior owner.  The typical facts are that the homeowner stopped paying the association and the mortgage. The association then forecloses first and often the association is the winning bid at their forec...

By Richard Zaretsky, Florida Real Estate Attorney
(THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)
Comments 11
Several association boards of directors have problems understanding the homeowner association lien rights and how the Florida “safe harbor” exemption to payment works. This article applies to when the investor makes a loan and then forecloses it and gets title at the foreclosure sale.An important...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“Lower Rate and Lower Down Payment”   Joe, Please find a copy of the purchase agreement for the property we are buying and as you will see the sellers agreed to do the transaction subject to the sale of our home. Our current home just hit the market Monday, we are having an open house this Saturd...

By Wayne L. Brown
(Franklin Advantage Inc.)
Comments 1
 Veterans nationwide may, or may not have, noticed recent changes enacted by the Blue Water Navy Vietnam Veterans Act of 2019 which became effective on January 1, 2020. This Act eliminated loan limits for VA loans, and also raised some fees for VA loans. ALL Veterans may now apply for a No Down P...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 10
“You Can’t Make this Stuff Up”    Today my daughter and I will be driving south through Ohio and into Kentucky. I told her that we'd better be careful about some of the Kentucky & Ohio laws.In Lexington it is illegal to transport an ice cream cone in your pocket. By law, anyone who has been drink...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Housing Starts rose by 17% MoM to 1.608 million annualized units, which is the highest in 14 years. However, Building Permits dipped 3.9% to 1.416 millin annualized units in December. Industrial Production dropped by 0.3% in December. Capacity Utilization droppe...

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, RT Capital Advisors, Inc.- Commercial/Residential
(RT Capital Advisors, Inc. CEO)
Comments 0
Stated Income 1st Position Loans Stated Income, Verified Asset - Purchase or Refinance Loans Fix and Flip or Long-Term Hold - Loan Amounts to $5,000,000.Commercial or Residential Loans for Non-Owner and Investment properties up to 75%  ARV (after repair value) Terms: 30 year fixed, 3/1 ARM or 1-y...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Weekly Jobless Claims dipped a bit further (Good News!) to 204k. Retail Sales rose 0.3% in December; however, if you exclude Autos, then it rose 0.7%. Manufacturing is showing some improvement in January, as the Philly Fed rose to 17.5 (on the heels of Empire St...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
A rash of better-than-expected economic data hit the wires this morning which is boosting the major U.S. stock indexes. December Retail Sales were strong signaling that the consumer continues to spend and drive the U.S. economic expansion. Weekly Initial Jobless Claims declined and remain at 50-y...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed flat today at 102.97 having closed 79 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlant...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Mortgage backed securities (MBS) closed flat today at 103.00 having closed 83 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlant...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
The December NFIB Small Business Optimism Index ended 2019 historically strong, with a reading of 102.7. The report went on to say that an increased number of small business owners reported better business conditions and expect higher nominal sales in the next three months. NFIB Chief Economist W...

By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Comments 10
 Herald News 2019 Readers' Choice Award Winner "Best Will County Mortgage Broker" -  Gene Mundt     Each year The Herald-News hosts a "Readers' Choice Award" contest ...This year's voting took place between the dates of September 10th to September 30th.    The winners in each of the award categor...

By Stella Barbour, Principal Broker, Serving Virginia and Maryland
(NoVa Brokers LLC)
Comments 10
I was just speaking to a friend of mine who just had her mortgage loan switched from Wells Fargo Home Morgage to Specialized Loan Servicing.  Her loan was one that wasn't supposed to be sold and after all of the years gone by they sold it.  She looked up the reviews and there are so many recent c...

By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
Comments 24
The following link (and the table below) are the federal guidelines from Fannie Mae …set forth on March 29. 2016 regarding leased solar panels and the first paragraph is if the PV Panels are OWNED.  All sellers will face this same dilemma (if the solar company is not agreeing to these terms) when...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Wholesale Inflation data was reported today, as the Producer Price Index rose only 0.1% in December, but it's YoY rose from 1.1% to 1.3%. The Core PPI also rose 0.1% in December, however, it's YoY dropped from 1.3% to 1.1%. Manufacturing improved around the ...