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 John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 83
Rates Are Getting Worse (warning, this is a rant, albeit an informational one, I hope)      Back in April Fannie Mae & Freddie Mac, the nation's 2 mortgage giants, announced that changes would be forthcoming to LLPA (loan level pricing adjustment) charges, better known as "risk based pricing", an...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY June 30 2015, 7:30 AM PST  Click for Continuously Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK  8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 6-25-15: 4.02% - Up 0.02 point Rate Price Based ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
“Reply ALL, by Mistake”  I was included in a “Reply All” email. My client asked me to send a copy of her Pre-Qualification letter to her Realtor as well as to herself.  The Realtor forgot to take me out of the email and let my client know that she didn’t like doing business with a mortgage person...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
“But I was Preapproved” We hear this kind of story too many times, but why and why does it keep happening?  I understand how frustrating it can be when someone gets turned down for a mortgage when they have already received a preapproval. But this prospective home buyer should never have been pre...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 40
“Realtor in her 80’s”  I asked Carmen how she is doing so much business into her 80’s when many want to call it quits. She referred three mortgage clients last week and already sent another today. They aren’t always the easiest transactions, but it doesn’t matter to me. I’ve learned when she has ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 23
Fannie Mae has resently made a change to ther Loan Level Price Adjusters, and in several areas the 2015 Fannie Mae Loan Level Price Adjustments (LLPA) are more costly than the LLPA's they are replacing.  LLPA's are additional points accessed by Fannie Mae on Mortgage Loans.  The LLPA's are credi...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 29
The IRS has added a new rejection code to help deter tax identity fraud and other identity related issues when ordering IRS transcripts.  While this is a great idea to help reduce identity fraud, it has been causing New Delays For Lenders in obtaining tax transcript from the IRS. This new rejecti...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
  “Do You Guys Do Any Commercial Mortgages?” Yes, we do some commercial mortgages. Being mortgage brokers we are not limited to doing any specific kind of mortgage, however you DON’T need to be licensed to do commercial mortgages.  I normally don’t have too many walk-ins, but Nathan stopped in an...
By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Provides the mortgage interest rate trends and navigates through the current interest rates for home loans.  Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast.  ...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
As we have written about recently, the HARP refinance program is set to expire at the end of this year (December 31, 2015).  The program is a government backed initiative to allow borrowers who could previously not refinance, due to lack of equity or being upside down in their homes, to now do s...
By Robert Clapton
Comments 85
We have direct provider for BG/SBLC/LC from top AA rated banks in the world. HSBC London or HongKong ETC our leasing fee is 6+2 Genuine brokers and Borrower only. Please contact Mr Robert Clapton Contact: Email:  robert.clapton@rocketmail.com  Telephone: +44-777-650-6313 
By Jason E. Gordon, Residential Mortgage Specialist, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 2
Negotiations between Greek officials and creditors ended with no agreement reached. Greece will be unable to make its debt payments due tomorrow. Investors shifted to safer assets, helping MBS after Friday's decline. The Greek Government called a referendum on whether to accept austerity measures...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY June 29 2015, 8:00 AM PST  Click for Continuously Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK  8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 6-25-15: 4.02% - Up 0.02 point Rate Price Based ...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 5
It is so amazing all of the wonderful tools that we have at our fingertips. I cannot image having done my job forty years ago when computers were not common and everything had to be done by hand. That must have been a weird world.   Today, at the click of a mouse, there is more information than w...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“I Have Another Tough One for You”  Bring it on! I don’t care if the loan is considered tough by many. I love the challenge just the same.  Divorces bring a steady source of mortgage business and fortunately for me, many attorneys send me business in all 8 states I do mortgages in. It is so much ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 7
   USDA/Rural implemented their New 2015 USDA/Rural Loan Level Price Adjusters on June 25, 2015.  Just like Fannie Mae has Loan Level Price Adjusters (LLPA), so does USDA/Rural.  The difference is Fannie Mae bases their Loan Level Price Adjusters on credit scores and down payment (Loan-To-Value)...
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Comments 1
Interest rates for buying a home on the Palos Verdes Peninsula stayed level this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : " If the economic data is mostly firm, it's a fair bet that mortgage rates will be, too. Not all that long ago, fina...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 21
She will be a wonderful homeowner, now that she has a realistic idea as to what her comfort level will be for a mortgage and payment. “Some Unrealistic Expectations”   One of my Realtor referral partners contacted me to discuss a potential home buyer. She told me that she was contacted by someone...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 20
I could not resist to re-blog this!To be successful in a life, do not look at the problem or question. Look at what you can do, find the answer and say 'Bring It On' - as Joe Petrowsky does in this re-blog. “I Have Another Tough One for You”   Bring it on! I don’t care if the loan is considered t...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Fresno-Clovis-Visalia-Hanford-Tulare-Merced-Stockton-Modesto-Madera-San Luis Obispo-Bakersfield)
Comments 1
So many people go into a reverse mortgage and do not find the answer to this question until they file their taxes.  Unlike a traditional mortgage where you can deduct and write off the mortgage interest on your taxes and perhaps get a little tax break, you cannot do that with a reverse mortgage. ...