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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 49
Fannie Mae will be coming out with Desktop Underwriter (DU) Version 10.0 the weekend of June 25, 2016.  DU Version 10.0 will begin to incorporate additional credit information in evaluating mortgage applications.  DU Version 10.0 will look at a snap shot of a Borrower's credit history by looking ...
By Melanie Cameron, The Cameron Team
(Coldwell Banker Sea Coast Advantage)
Comments 3
Good information to know about credit reports! Fannie Mae will be coming out with Desktop Underwriter (DU) Version 10.0 the weekend of June 25, 2016.  DU Version 10.0 will begin to incorporate additional credit information in evaluating mortgage applications.  DU Version 10.0 will look at a snap ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY February 8, 2016, 8:00 AM PST    FEATURED LOAN FHA 203K Renovation Mortgage  Renovate Purchases and Refinances All You Need To Know About 203K  LOCK ADVISORY -  Click for current Lock Advice 1-14 Day Close:  LOCK 15-30 Day Close: FLOAT With Caution 31-45 Day C...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“Coaching Your Referral Partners”  As many know I am an avid blogger and I consider blogging my best client. I talk about the benefits with all my referral partners. Unfortunately many say they should blog but for one reason or another most don’t do it and even if some start they don’t stick with...
The expression “sometimes you are the bug and sometimes you are the windshield” came from a home stager that I worked with on a renovation home. She did a beautiful job staging the home with incredible furnishings, etc, and when the home sold, the buyers did not purchase a single item from her. W...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 33
“Take Every Opportunity to Give Out Your Business Cards”    I read your blogs all the time on FB. We actually met a couple of years ago when we were waiting in line at motor vehicle, any way you gave me your card. I googled your name and liked what I was reading.  I'm ready to buy and just need ...
By Svetlana Marinkovic, SecurityNational Mortgage Company
(SecurityNational Mortgage Company)
Comments 0
Experience Mortgage Freedom Did you know you can qualify for an FHA mortgage in as little as two years after a bankruptcy discharge, and 3 years for a foreclosure or deed in lieu negotiation? Pre–qualify today! Call or email to schedule a free confidential consultation Cell 602-326-4983 Cell 480-...
By Jason E. Gordon, Sr. Mortgage Loan Officer, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 3
It has been another volatile morning. Bonds have rallied while stocks are declining. The ADP estimate for private sector job growth in January was 205K, above the consensus of 190K.  Additionally, ISM Services came in below expectations.Compared to Monday's closing, the market has opened with a 0...
By Svetlana Marinkovic, SecurityNational Mortgage Company
(SecurityNational Mortgage Company)
Comments 0
What is the Bank Partnership Program? SecurityNational Mortgage (SNMC) has developed a partnership program with local banks in order to help expand the home loan products available to their members. Who can participate? Banks that have a net worth of at least $10 million and at least three years’...
By Wayne Martin, Real Estate Broker
(Wayne M Martin LLC)
Comments 14
Trivia questions for Saturday February 6, 2016 1. What continent includes Iran?  Asia  2. What athlete has a part in the movie "Spaceball"?  Merlen Olsen  3. In what year was the "Star Spangled Banner" designated the U.S. National Anthem?  1931  Trivia quesstions for Sunday February 7, 2016 1. Wh...
By Bob Elliot
(RE/MAX Advisors)
Comments 1
Last week's scheduled economic news included reports on construction spending and several labor-related reports along with weekly reports on mortgage rates and new jobless claims. The details:Construction Spending Higher in December U.S. construction spending rose by 0.10 percent in December for ...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
A pervasive concern about global growth provided yet another reason for stocks to sell off today.  As Asian markets were largely closed in celebration of the lunar new year, European stocks lead the way downward.  The Dow was down about 400 points during the day prior to taking back about half it...
By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 19 basis points today at 104.94 having passed through and closed above resistance offered by the 104.87 level for the first time since April 15 of last year.  Stocks once again allowed MBS bonds to make some gains as they hemorrhaged once again.  The 30 ...
By Brett Sampson, Texas Lender
(Berkshire Lending, LLC)
Comments 1
Did you know we have Jumbo products that go down to 660 credit scores?We do!For a 660 credit score you would be looking at a max loan to value ratio of 70%, a max debt to income ratio of 40%, and you would need 36 months of reserves.Keep in mind, this isn’t a non QM “sub prime” jumbo. These jumbo...
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 Sam Shueh, mba, cdpe, reopro, pe
( (408) 425-1601)
Comments 2
I got this notice there is a HARP program sponsored by Feds. As we know HARP, a Home Affordable Refin Program is designed to reduce mortgage interest payments. When homeowners may be surprised to find out they qualify for a plan that offers them low interest rates. To be eligible: Borrowers must...
By yanni raz
(hml investments)
Comments 0
Foreclosures are infiltrating nearly every housing market in the country, displacing thousands of families, and leaving empty shells where bustling neighborhoods used to exist. What’s interesting is that many feel that the bank “wants” to foreclose, but in reality, they simply don’t have a choice...
By Wayne L. Brown
(Academy Mortgage Corporation)
Comments 2
Forum I know that this is brief, but just wanted to get this out before the Thanksgiving holiday is upon us. It was announced and published today that the new Conforming Limits were published.  This announcement came from Mortgage New Daily.  See below: It was announced today that Loan Limits for...
By yanni raz
(hml investments)
Comments 0
Hard money loans seem a wonderful opportunity for those who are shunned by the banks and need the money in a hurry - usually for quick fix or fast purchase.  But commercial hard money real estate loans are also ridiculously expensive and when borrowers  find themselves puffing up a hill to repay ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.24% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.74% 7 YEARS 5.30% 3.44% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%