real estate news: So how is Fannie and Freddie doing anyway? - 03/14/14 03:59 AM
Fannie and Freddie are doing quite well for themselves, however, it seems to be at the expense of their borrowers.  These borrowers are the product of the cleanest, most heavily documented, and thoroughly underwritten and appraised loans in history.   Many in the industry are paying close attention to how credit is impacted by rates, fees, guidelines, compliance costs and consolidation in the industry - it will be a real estate case study.  Last year showed an increase of 10 base points (on average), greater LLPA's on higher LTVs, and lower FICO loans.  In 2013, roughly 40% of net interest income was … (2 comments)

real estate news: Is something amiss in the residential mortgage banking business? - 02/11/14 01:01 AM
To an outside observer, it could seem that something is amiss in the residential mortgage banking business.  While many of the “bad eggs” have the left the market, their crimes are still being brought to light in the press and through legal action.  The good news, there are still hundreds and hundreds of lenders (brokers, mortgage bankers, and banks) who are trying to help borrowers refinance or buy a home.  However, overcapacity is an issue.  With originations dropping from nearly $1.8 trillion to $1.2 trillion, not everyone is going to survive.  Originations ranged from about $500 billion to $1.5 billion for … (0 comments)

real estate news: 55+ housing community is recovering. What are they looking for? - 02/05/14 01:47 AM
The turmoil of the financial market and economy in recent years changes many consumers’ retirement plans.  However, recent news from the National Association of Home Builders (NAHB) was well received.  There has been improvement in the third quarter of 2013 in the 55+ housing market.  This represents the highest 3rd quarter numbers since the inception of NAHB’s 55 Housing Market Index.
There was a strong increase shown in all segments – from single-family homes, to condos to multi-family rentals.  This confidence factor is great for the 55 housing sector as it shows that buyers and renters are interested in communities that … (2 comments)

real estate news: Can you believe this real estate market? - 01/29/14 07:56 AM
Many feel that counterparty considerations will rise in 2014, as the Dodd-Frank mandated legislation is about 50% complete.  In a recent survey, conducted January 13-17, Secure Settlements, Inc looked at lawyers, notaries, escrow agents and title agents to examine the status of closing professionals in the increasing regulatory environment.  SSI is seeking support for its mortgage industry pre-funding quality assurance risk management tools, this data helps provide that support.  In the new realm of Qualified Mortgage, data pertaining to personal experiences in the closing process is an essential element to understanding risk, both from a consumer and enterprise standpoint.  Major points … (1 comments)

real estate news: Early 2014 Economic Forecast - 01/23/14 05:08 AM
The last few weeks of December 2013 proved to be quite ones – with little newsworthy economic news and a light trading volume.   Even though the economic data (on average) exceeded expectations – this proved to have little impact on mortgage rates.
After months of speculation by investors, on Dec. 18th the Fed announced that it would begin to scale back its bond purchases.    Mortgage rates have been kept low , thanks in part to added demand for mortgage-backed securities (MBS) from the fed – so this reduction is not good news for mortgage markets as we continue to expect rising … (0 comments)

 
Peoples Mortgage

Peoples Mortgage

Gilbert, AZ

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Address: 335 E. Germann Rd., #110, Gilbert, AZ, 85297

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