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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed up 3  basis points today at 104.41 having closed 303 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...

By Mike Bjork
(SunWest Mortgage)
Comments 1
http://MikesDailyMarketReport.com: This will be a light week, this week, in terms of economic data being released. We have to data to report today, so the Markets are taking their queues from the news. Stocks are in Mixed Territory, as the DOW is the lone index in the Red. This week, we'll see Ea...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 4
  F Words: Should I show someone a home if they are in Forbearance? what if they are furloughed?  The answer to both questions above  is probably “NO”.  F words in the mortgage world are typically bad.  The Biggie of course is Foreclosure- that causes a 7 yr waiting period for Conventional loans ...

By Bob Thompson 562.344.5626 Alternative Documentation, 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 Bob Thompson 562.344.5626 Alternative Documentation, RT Capital Advisors, Inc.- Commercial/Residential
(RT Capital Advisors, Inc. CEO)
Comments 1
Home Equity Line of Credit (HELOC) Stated Income-Verified Assets (SIVA) Owner-Occupied, Non-Owner Occupied and Second HomesSFR's, 2-4's and Condos.600+ FICO needed. BK and Lates OK after 2 years seasoning.Loan amounts from​$150,000 - $5,500,000. Up to 60% LTV to $1,000,000 loans outstanding (incl...

By Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068
(SWBC Mortgage 410-960-2061)
Comments 54
  Should I Put My Girlfriend or Boyfriend On The Deed to the House?   I got a call from a young lady buying her first home.  She asked about putting her boyfriend on the title to the home.  They plan to be married eventually, but have no current plans.  Some things to note:  All of the money that...

By Ken Blaudow
(Indy Mortgage)
Comments 30
Their has not been a time in history where the FHA 203k Streamline Rehab Loan has been as important is it is today in financing homes in America. Here are the most Frequently asked Questions and Answers on the FHA 203k Streamline Rehab Loan. br />You can find more info at www.indymortgage.com

By Ken Blaudow
(Indy Mortgage)
Comments 29
Buy A HUD Home With Only $100 Down! All HUD owned homes for sale in Indiana can be purchase with a FHA loan with the down payment of only $100. HUD will pay as much as 3 percent of the sale price to offset closing costs, plus it will finance the transaction. Lists of HUD properties available und...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed down 12  basis points today at 104.38 having closed 299 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in Ne...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The housing sector has rebounded from the brief dip it took during the pandemic induced shutdown. June Housing Starts jumped 17% from May to an annual rate of 1,186,000 units versus the 1,180,000 expected. Starts are down 4% from last year which is attributed to the declines seen during the shutd...

By Richa Nayyar
(Coming service)
Comments 0
With assurance in internal Audit practices, 20 years of experience will be available. The focus of stuart rubin will be on assisting the organization for assisting and directing. Several tools will be delivered to the person for assessing the system control. The working of the organization will b...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
Comments 2
In life, we are accustomed to advanced warning for changes impacting the law and/or tax codes.  We often see the words "Effective January 1st" before details of the impending changes.  In the mortgage industry, we often hear the words "Effective Immediately" with respect to changes (i.e. we are n...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Housing Starts improved to 1.19 million annualized units in June; and Building Permits increased to 1.24 million annualized, as they begin to reach pre-covid levels. However, Consumer Sentiment dropped from 78.1 to 73.2 in July, as Covid cases rise and Governmen...

By Dave Benneton, Fast Cash Offers
(Digital Bullet)
Comments 0
With mortgage interest rates at historic lows, now is an excellent time to refinance an existing home loan. Refinancing makes sense for borrowers who have fixed-rate loans at much higher rates than what lenders are currently offering. FHA refinance loans are a popular option due to their favorabl...

By ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists
(ReadySetLoan Condo Team LLC)
Comments 9
That Doesn’t Count Towards the 10% Reserve ContributionIt’s budget season for many condominiums who run on a calendar year and we have run across an issue with several of our clients and potential clients.  Everyone knows that FHA (and Fannie/Freddie) require that a condominium contribute 10% of ...

By ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists
(ReadySetLoan Condo Team LLC)
Comments 9
9 Types of Condo Projects that Must be Reviewed by HUD/HRAPWhile HUD allows lenders with Direct Endorsement authority to review and approve condominium projects on HUD’s behalf (DELRAP), there are 9 different circumstances where the condominium must be reviewed directly by HUD (HRAP). Condominium...

By ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists
(ReadySetLoan Condo Team LLC)
Comments 7
More About FHA’s Stance on Condominium Leasing RestrictionsTwo weeks ago, I published an article about some recent clarifications by FHA regarding condominium leasing restrictions.  The article created quite a buzz and generated many calls and email inquiries regarding its content.  This is a fol...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped down slightly to 1.30 million people applying for first time benefits. Retail Sales rose 7.5% in June; and when you exclude Autos, it rose 7.3%. Manufacturing in the Philadelphia Region continues with strong numbers, as the Philly ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“Couldn’t Say it Better Myself”    The CEO of a lender is called up for a CFPB exam. He's really flustered and goes to his compliance VP for advice."Make sure you dress up like a guy who is on the edge of losing money. It will convince the regulator that you are not hiding anything."Not satisfied...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 2.625%Credit score:740LTV:75%Loan Amount:$300kAPR: 2.995%FHA 30 year: 2.875% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.04%Conventional 15 year: 2.25%Credit score:740LTV:75%Loan Amount:$300kAPR: 2.365%Rates are Subject to ChangeCall me today if you are thinkin...