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) closed up 16 basis points today at 102.03 having come to rest 17 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere e...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
After a rough week, mortgage backed securities (MBS) made a little progress on what would be a long march back up the down staircase.  With 30 year fixed rates coming dangerously close to 4.50% and the Fed talking of three more rate hikes in 2018, today's minor advance was good news.  The Dow gai...

By Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker
(Harry Norman, REALTORS® )
Comments 3
Thank you Joe Petrowsky             “Owning vs Renting is a NO Brainer”           Good afternoon Mr. Petrowsky, My name is Anthony XXXXXXX, Kathy XXXXXXX was gracious to provide me with your contact information. I had a conversation with her regarding how we, my fiancé and I, "look" if we were to...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
           “Owning vs Renting is a NO Brainer”     Good afternoon Mr. Petrowsky,My name is Anthony XXXXXXX, Kathy XXXXXXX was gracious to provide me with your contact information. I had a conversation with her regarding how we, my fiancé and I, "look" if we were to apply for a mortgage. Kathy sai...

By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Comments 11
Very interesting question in the title of this post - and great comments in the original post so please do read the comments from the original post. Verdict? Read this re-blog from Jared, Amanda - and may be, you'll have an answer when you face this situation. Really, I'm not trying to be funny h...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Comments 5
I received the "Contingent Liability" Underwriting Guideline Change below from our Underwriting Department earlier this week."Both Freddie Mac & Fannie Mae have aligned to similar guidelines so that we can now exclude installment (non-mortgage) & revolving debt from the liabilities when another p...

By Stephen Katz, Branch Manager, CMPS
(Katz Mortgage Team, a branch of VanDyk Mortgage Corporation)
Comments 1
There are some things that you should consider if you're about to list your home for sale, especially if you're trying to find the most accurate price possible.  You have to think of your home as a product when you sell it, so you have to figure out how to attract these buyers to your product. A ...

By Mike Bjork
(American Pacific Mortgage)
Comments 1
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Today was one of those rare days when stocks and bonds trade in the same direction.  Unfortunately for both the direction was down.  The biggest loser was the MBS market which saw its 4.0% coupon bond try to hang on the lowest leg of the down elevator before down another leg late in the session. ...

By Mike Young, FHA 203k Consultant 916-758-1807
(203kOnLine.com, covering California & most other states)
Comments 3
I need an FHA 203k consultant, what should I expect?My lender recommended a consultant. I called the consultant and he suggested I get a contractor's bid prior to ordering his services. My contractor had experience with the FHA 203k program and indicated that the consultant gave her misinformati...

By Mike Young, FHA 203k Consultant 916-758-1807
(203kOnLine.com, covering California & most other states)
Comments 2
Limited 203k loan account for 98% of the problem 203k loans, use them often... NOT. Knowing that they have issues that cannot be resolved without a consultant why would anyone want to use a Limited 203k. A most misunderstood program to say the least.Having said that there are times when it can be...

By Mike Young, FHA 203k Consultant 916-758-1807
(203kOnLine.com, covering California & most other states)
Comments 0
The contractor's bid must match the consultant's bid!NO IT DOESN'T ! SO THERE.Do you want to know why it takes some lenders 45-60 days to close a FHA 203k loan and others 5-6 months yet some are consistently under 30 days? They all ready the same guideline but interpret it differently.1) For year...

By PropertyMinder (AccelerAgent), Modern Tools for the Modern Agent
(PropertyMinder, Inc.)
Comments 1
 So, what do experts in the industry think about these questions and more?Let's take a quick tour around the web to find out what some of the top journalists and researchers are saying about interest rates suddenly shifty skyward... Read More. 

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 12
"Bar Stool Economics."  Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:∙ The first four men (the poorest) would pay nothing.∙ The fifth would pay $1.∙ The sixth would pay $3....

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Core Lending)
Comments 0
 Conventional 30 year Mortgage: 4.375%Credit score:740LTV:95%Loan Amount:$300kAPR: 4.916%FHA 30 year: 4.5%Credit Score:740LTV:96.5%loan amount:$300kAPR:5.851%Conventional 15 year: 3.750%Credit score:740LTV:95%Loan Amount:$300kAPR:4.197% Rates are Subject to ChangeCall me today if you are thinking...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points today at 102.41 having come to rest 10 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
With no economic reports coming out today, stock traders continued to feel the pressure of higher interest rates here and abroad.  Additional pressure  was added as the European Central Bank added a new deputy who appears to be on the hawkish side (meaning pro-rate hike).  I am going to carefully...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 38 basis points today at 102.03 having come to rest 44 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere...

By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Buying a Home Sooner Rather than Later”                                                                                                                                                                                             Good morning Joe,                Happy New Year! I hope you and your...