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Blog entries tagged with "mortgage":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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Contrary to popular belief, mortgage lenders are totally opposed to foreclosing. If they have to do it, it'll usually cost them money. And who wants to lose money? Nobody. EMC Mortgage reports that on average it loses 40% of the value of a home loan gone into foreclosure, plus typically has to pay … (3 comments)
Many of us in this industry are very fortunate. We got into the Real Estate industry to make enough money to live the way we desire. I for one get a little to involved in the industry and the family takes the hit. Not spending enough time with them. Not being … (6 comments)
An amendment to the Bank Act by the Government of Canada means lower mortgage financing costs for some owners of residential property in Canada.Owners and purchasers of Canadian residential property will not be required to purchase high ratio mortgage insurance if their mortgage does not exceed 80% of the value of their property.(Bank Act definitions: "residential … (0 comments)
An overview of the loan process
There are MANY communities making up the Denver and surrounding counties. Finding one that best meets your needs can be a challenge, especially when you are coming from outside of Colorado. BENCHMARK PROPERTY ADVISORS, affiliated with Keller Williams Real Estate, LLC, Realtors will help you understand ALL your options. Our Realtors can … (0 comments)
Reflecting a dynamic, changing mortgage landscape and trying to meet the demands of the growing mortgage industry First National Financial LP announced that it will offer clients mortgage insurance through AIG United Guaranty. First National Financial is the country’s largest non-bank originator and underwriter of residential mortgages. The combination of Canada’s … (0 comments)
I was pretty certain in the premarket today that we'd get a confirmation of yesterday's starting down trend on the 10 year treasury index. As always, lower yields = lower rates. It may have something to do with the news that came out from NAR (in fact, I'm sure it does) … (0 comments)
The guys who kill it in commercial lending know that it is all about locking the client down and getting it done quickly. When you have a fundable deal you need to get it off the street. I don’t care who the client is – speed on your part … (0 comments)
How To Get More Referrals!
Natural disasters are a fact of life. Each area of the country has its own challenges, from hurricanes on the Atlantic and Gulf Coasts to tornados in the Plains and earthquakes in California. Regardless of where you live, it's important to have plans in place to ensure that you and your … (0 comments)
Grand Rapids, MI has approximately a 5 month inventory of homes, condos, investment and vacant land for sale as reported by our local MLS provider. During the month of March, The Grand Rapids Association of Realtors, otherwise known as GRAR, reported just over 14,000 listings available. However, year to date sales are … (11 comments)
The sub-prime problem continues to make the news. It has led to lenders to tightening lending standards, and so there will be continued home sales decline. The delayed housing recovery, experts say is now postponed to the fourth quarter of this year, will not significantly decrease housing inventory levels even as home builders cut back on new construction. … (1 comments)
The sub-prime problem continues to make the news. It has led to lenders to tightening lending standards, and so there will be continued home sales decline. The delayed housing recovery, experts say is now postponed to the fourth quarter of this year, will not significantly decrease housing inventory levels even as home builders cut back on new construction. … (0 comments)
I have been on active rain now for about 6 months. Trying to balance out my time here with family and work has been quite a challenge. The most rewarding thing that keeps me coming back is I love to read all this information and have learned quite a bit. I … (3 comments)
Everyone's been following the latest meltdown in the mortgage subprime world. I was quoted in a front-page article in Lancaster's Sunday News on the subject. Generally, practitioners in the area agree that the effect on the price of homes will be slight, and then only in a price range condusive to … (0 comments)
If I could get a real estate agent on my jury, I believe I could clean out some of the worst of the mortgage brokers.I represent more sellers than buyers. Over 50% of the closings are late. The mortgage broker says everything is fine 2 weeks ahead of time. Same thing … (0 comments)
I was having a very good conversation with my brother last night about a strategy that I sometimes recommend to people looking for new and unique ways to invest. I only bring this up, because my brother and I have different views in how people should and shouldn't use their home … (11 comments)
Child Slavery Each year, worldwide, an estimated 1.2 million children are bought and sold in the flourishing sex trafficking industry. This “industry” generates billions of dollars annually, second only to illegal drug sales. Most of these children are either sold into slavery by their families, or are abducted from poor villages. … (0 comments)
A couple of weeks ago I wrote a blog entry called I Saw It but I Don't Believe It! about a coalition calling for a moratorium on mortgage foreclosures. The comments were an interesting blend. But, now Senator Charles Schumer has come up with an interesting twist on the idea. Citing … (2 comments)
Leverage is a key concept in real estate - buying a lot with a little, but among recent home buyers it has reached extraordinary levels. New survey research using a representative sample of purchasers found that at least among first-time buyers, downpayments have withered to the point of virtually disappearing. … (0 comments)
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For the week of Apr 23, 2007 … (0 comments)
When I was in residential mortgage as an originator I always make it a point to explain to the borrowers "what to do" and "not to do" when getting a mortgage. I even have a "Do's and Don'ts list" included with my disclosures. But sometimes no mater how hard you try … (6 comments)
If you are in over your head in credit card debt, you are not alone. Many Americans find themselves in this position everyday. In order to avoid financial disaster you need to act fast. There are plenty of options to reduce your debt load and get your financial future back on … (0 comments)
All I wanted when I got up on Friday was to do a couple showings, return some calls and e-mails, enter a new listing, go to a closing at 2:00 in my office and go home! We were going out of town and leaving at 5:00. Everything went as scheduled until … (3 comments)
Managing Your FICO Scores Credit is one of the most critical components in our life, yet the least regulated, and even less understood. More and more, less understood because how you manage your debt affects your credit. Today, credit is measured by a FICO score. It is a snapshot of an … (2 comments)
For information about market conditions, recent sales, and a history of Silver Falls, contact Michelle Burgos, GRI the Miramar Neighborhood Expert! Visit: www.ILoveMiramar.com and/or www.RealEstateWish.com for all of your real estate needs. You may also obtain city news, events, local ads, restaurant guides and so much more. We are here to provide … (0 comments)
Jumbo Alt "A" Specialist:
According to an article in the Puget Sound Business Journal, Mortgage Investment Lending Associates of Mountlake Terrace ceased operations as of 4/20/07 and all 300 of their employees are out of work.I keep hearing and reading how our area is immune to negative changes in the real estate market, but keep … (1 comments)
I would love to hear from lenders in the network who are willing to talk about the current mortgage crisis. I know when the market was HOT, subprime lenders were fat and happy handing out loans to barely qualified, and sometimes unqualified clients. Real estate agents participated in this as well, … (6 comments)
For those who missed it, the Sacramento Bee posted this article Tuesday. The 80 or so comments that follow the article make for a lively and sometimes ugly discussion. Not particularly cheery, but there is a silver lining. Foreclosures in full boom In ominous sign of more to come, capital region … (0 comments)
Top 10 Red Flag List for Mortgage BrokersShifting the closing date. The borrower's mortgage closing date can shift if the borrower does not have a written commitment from the lender. Homebuyers can find themselves in a default situation if they quit paying their existing mortgage based on an oral promise that … (0 comments)
Know you legal rights when it comes to dealing with debt collectors, and the credit reporting agencies. You have the right to sue...The Federal Fair Credit Reporting Act (FCRA) is designed to promote accuracy, fairness, and privacy of information in the files of every one of the three major credit reporting … (0 comments)
Answer: A reverse mortgage is a loan where the lender pays you instead of you paying the lender. Home equity is tapped to make these payments, which can be lump sum or monthly. Generally, reverse mortgages do not need to be repaid until you sell your home. Reverse mortgages are often … (0 comments)
et's face it, credit is extremely important in Real Estate finance, and one of the most important, if not the most important factors, is paying everything on time. I am going to give a few tips on how to make managing the payments and keeping that FICO score in 700's to … (0 comments)
The Department of Housing and Urban Development (HUD) made a huge increase in the maximum loan amount in some Utah markets.
Tim J.Thrift, Independent Representative and Certified Credit Consultant with United Credit Education Services have joined forces with Financial Freedom International, Inc. as a Consultant (consultant #187673).Financial Freedom International, Inc offers clients solution to pay off all there debts including credit cards, student loans, car loans personal loans and business loans in most cases … (2 comments)
You've seen those signs, I know you have. And if you are one of the millions of people across the country having trouble making the payments on your home or are already facing foreclosure, these signs can seem like the answer to all of your prayers. But people in this situation … (17 comments)
Your Home: 5 tips if you're in too deep
Hey All, This is my first blog, so I'm not sure if I'm doing it right or not. I want to say that I've been in the business for 13 years. Yes...I want to make money...lots of it, but I know that it comes from serving others. You, as the consumer, … (5 comments)
Everyone knows that referrals are the lifeblood of any successful business in the real estate industry. Whether your a real estate agent, or a mortgage broker/loan officer, referrals are the best way to grow and sustain your business. It's no different for us mobile notaries. We thrive on referrals as well.But...we also collect … (2 comments)
Over the past couple years, homebuyers have been able to take advantage of Down Payment Assistance Programs, such as AmeriDream, Neighborhood Gold and many others. 
On my "Real" blog, I'm switching formats and going to a WordPress platform and getting away from my more website-like blog. It's a slow process but while I'm switching I thought I'd post some of my archived postings from months and years past that may be helpful or at least information. This … (4 comments)
"I am looking for a mortgage lender in Phoenix" said the prospect over the phone. He was referred by a friend and I had been expecting his call all week. He said they were moving to the Phoenix area from the Midwest. We started talking about the type of loan he … (2 comments)
Communication, Communication, Communication.. (or the lack thereof)
I'm supposed to have a closing this Friday...HOPEFULLY.
Aloha Everyone,According to bankrate.com's national survey of large banks, today's average Mortgage Interest Rate is:6.29% with .27 points for a 30 yr fixed loan. (I wanted to send you the whole article, but not sure if it violates any copyright rules! I'm new to Active Rain) Of course, the client has the … (0 comments)
4/18/2007Rates did improve a little today and mortgage bonds are closing out today on a positive note. So we are enjoying this positive trend. Mortgage Bond prices have made a clean break away from the powerful Down Escalator they have been riding for the past month - and are being helped this morning … (0 comments)
Six Tips for Moving Singles from Renters to Home BuyersBy Frank SchiefelbeinOne of the many hats you wear as a real estate professional is that of an educator and a valuable source of information. People often fear what they don't understand, especially the seemingly complicated process that parallels a home purchase. … (4 comments)
In the past week or so, I have gotten 3 loan applications as a direct result of my Blog here on AR.I am amazed every time someone calls me and says they found me on the Internet(people used to not be able to find me on the Internet). Now they tell … (2 comments)
Subprime loans are high-interest rate loans that are offered to people who do not qualify for market rate mortgages. Often, traditional lenders have turned these borrowers away because of low credit ratings or other factors that suggest to traditional lenders that borrowers could default on their loans. Since the start of … (3 comments)
Okay, so your loan was tied with one of the MANY subprime lenders that went out of business with New Century. What do you do now? What are your options? Who gets your money? Where do you send it? A number of subprime mortgage lending companies are taking a hit to … (0 comments)
A recent article entitled Mortgage giants may help borrowers by AP Business Writer Marcy Gordon describes new programs being developed by Fannie Mae and Freddie Mac to help borrowers keep their homes in the light of rising foreclosure rates. Fannie Mae is calling their new program "Homestay" and is designed … (6 comments)