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, #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 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 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 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 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 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 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 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...

By ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists
(ReadySetLoan Condo Team LLC)
Comments 6
That Doesn’t Count Towards the 10% Reserve ContributionIt’s budget season for many condominiums who run on a calendar year and we have run across an issue with several of our clients and potential clients.  Everyone knows that FHA (and Fannie/Freddie) require that a condominium contribute 10% of ...

By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 5
Today did not bring about the rapid fire sell off that could have occurred from very strong jobs report numbers yesterday and todays PPI report.However they did bring a slight correction to the high levels in the bonds from last week and now have us looking at support levels appx 50bps lower than...

By Same Day 203kla, HUD Certified 203k Consultant 323 309-9722
(Same Day 203Kla 323 309-9722)
Comments 1
                 How Many Real Estate Professionals Have Closed A 203k Short Sale?                   Why Are So Many Realtors Afraid Of The FHA 203k Loan Program?                                                      The 203k LOAN PROGRAM IS ON THE MOVE ACCORDING TO WELLS FARGO AND B OF A         ...

By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY January 19, 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 Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 9
Identity Theft is one of the fastest growing crime in the US.And we can protect ourselves from this.Jeff Sipes's witty post.Confessions of an identity thief. Hey, you!  Yeah, I’m talking to you!  The guy sitting there in Starbucks checking his bank balance on his iPad.  Or the nice old lady waiti...