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 Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 4
With all the rain and risk of flooding on the West Coast, I thought it would be a good time to remind everyone to protect their important papers. When an emergency strikes, you usually don’t have the time to go around the house and find what you need. Having your most important documents in one e...

By Bridget McGee, Maryland Mortgage Mama NMLS#196068
(Corridor Mortgage Group 410-960-2061)
Comments 1
2017 FHA MIP Change That Wasn't I have seen so many facebook posts about the FHA MIP mortgagee letter that "postponed" the .25% MIP reduction within 1 hour after Donald Trump was sworn in as the President of the United States. Here's a few:But he just nullified the fee reduction for first time FH...

By Rob Spinosa, Executive Loan Advisor, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 22
There's Never Just One Cockroach I mean you have to admit that as far as sayings go, the one in the subject line is just about perfect;  short, funny, edgy and all too close to home for any of us who have ever called home someplace a little less than luxe.  So it must be true that as we begin 201...

By John Meussner, #MortgageMadeEasy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 6
FHA PMI Reduction Cancelled      Just an hour after the swearing in of our new President, HUD announced that the recent PMI reduction announced by HUD would be cancelled.  The change was supposed to take effect January 27, and now is being put off indefinitely as the new administration has stated...

By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 2
I wrote a blog a week ago  describing the benefits of a  mortgage insurance reduction that the FHA has announced was going to be effective January 27.  Today they sent a letter retracting the reduction. In the letter, FHA announces that they are suspending the premium reduction.  It is effective ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
All three major domestic exchanges had moderate advances today on Donald Trump's first day as our country's unlikely new President.  Even mortgage backed securities which had experienced significant sell-offs earlier this week managed a minor gain.  There was a heart wrenching rendition of the we...

By Wayne Martin, Real Estate Broker
(Wayne M Martin)
Comments 21
Trivia question answers for Thursday January 19, 20171. Who is the painter Pablo Diego Jose Francisco de Paula Juan Nepomuceno Cipriano de la Santisima Trinidad better known as? Pablo Picasso 2. What is the capital of Louisiana? Baton Rouge3. Who directed the 1939 movie "The Wizard of Oz"? Victor...

By Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you
(Lyon Real Estate)
Comments 1
While it's always great fun to complain -- well, it is for me anyway -- my main purpose is not really to complain. I would like to see credit unions get a little bit more involved in the real estate business they hope to serve. It is beyond comprehension that they tend to work in a vacuum, with l...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.67%*Canada housing 06/15/22 [-]       5 Year - 1.13%CAN 0.75 09/01/21 [-]       0.96%                      [-]                        10 Year - 2.37*Canada housing 06/15/27 [+0.01]       10 Year - 1.74...

By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 4
Yesterday I wrote a blog titled What Are The Appraisal Requirements & Responsibilities, where I covered some of the requirements Lenders and Appraisers have to follow and attest to on appraisals for conventional loan programs.  In this blog I will cover another important component of the Uniform...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 8
      “No Problem, We’ll get Married Right Away”   Joe,Thank you for educating us on VA mortgages. Here are answers to some of the questions that you asked. The modification was approved in November of 2014 and was modified in March of 2015. My ex-wife and I started a loan modification because I ...

By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 3
Great News!The FHA announced this morning that it is lowering the annual premium 25 bps.  It is effective for loans with a closing or disbursement date on or after January 27th, 2017.  By making the change effective for loans closed instead of case numbers assigned, it eliminates a lot of the con...

By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
HUD HAS SUSPENDED THIS CHANGE!  Here is the link from HUD Here is the prior change that has been cancelled:The government(HUD) just made a huge announcement on FHA loans, the monthly mortgage insurance is going down. This is great news as this allows more buying power to those looking to purchasi...

By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
HUD HAS SUSPENDED THIS CHANGE!  Here is the link from HUD The government(HUD) just made a huge announcement on FHA loans, the monthly mortgage insurance is going down. This is great news as this allows more buying power to those looking to purchasing a home.  Here are the specifics:  For those lo...

By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY January 20, 2017, 7:45 AM PT  1-15 Day Close:   LOCK  16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day.   Click for current Lock Advice  _______________________________________________________________________  MARKET I...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 22 basis points today at 101.94 having once again hit the lowest close since December 28th and, of course, the lowest close of this year  MBS bonds fell through the 25 day moving average.  The 30 year rate rose to 4.25% today.  If you have a rate of 5%...

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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 9 basis points today at 102.03 having Broken through the 25 day moving average during the session before closing just 2 points below it. The 30 year rate remained at 4.25% today.  If you have a rate of 5% or more it is still not too late to refinance; es...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 8
Some good news for those considering an FHA loan in the near future.  This is a reversal of the increase that went into effect a few years back.  FHA announced today that effective on January 27, 2017, the FHA Monthly Insurance Premium (MIP) Will Be Reduced To .55/.60.  MIP factors for LTV's 95% ...

By Bridget McGee, Maryland Mortgage Mama NMLS#196068
(Corridor Mortgage Group 410-960-2061)
Comments 2
Is a FREE Appraisal Really FREE? I had a past client call me to let me know that he was in the middle of a refinance with another lender but he was uncomfortable.While I never like to hear that one of my clients went elsewhere, I am always grateful when they need the right advice and return to me...