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 Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce
(EXP Realty 414-525-0563)
Comments 7
.Soooo...you have your mortgage with Ditech and you are confused about the mail you are getting ?  Some of our Buyers called this week unsure what they should do.  Ditech has filed for bankruptcy for the second time in 14 months. No...it doesn't mean that you don't owe your mortgage...sorry. Fro...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“Magic or Something Else?”     A Realtor and a loan officer go into a pastry shop. The Realtor whisks three cookies into his pocket with lightning speed. The baker doesn't notice. The Realtor says to the LO: "You see how clever we are? You LOs can never beat that!" The loan officer says to the Re...

By Ricky Khamis, NMLS 173141 | CADOC 173141 - 480-339-1565
(Amerifirst Financial, Inc.)
Comments 0
  Provided to you by Your Name   Ricky Khamis Amerifirst Financial Office: 480-339-1565 Cell: 602-758-7425 Email: rick@amerifirst.us NMLS:173141             Weekly Review The stock market got off to a weak start suffering its worst day of the year last Monday as China retaliated against the $200 ...
Retired homeowners in Ocean City can now choose to sell their houses toDependable Homebuyers instead of getting a reverse mortgage. The We Buy Houses company has expanded its portfolio and is now buying houses directly from retired homeowners who need to cash in on the equity of their property. T...

By Evan Roberts, We Buy Houses
(Dependable Homebuyers)
Comments 0
Dependable Homebuyers has started buying houses from homeowners who are defaulting on mortgage payments. The Fort Myers based We Buy Houses company can make a direct cash offer to all homeowners, regardless of the extent of default. Missing one mortgage payment incurs a penalty. Sustained default...

By Carol Faaland-Kronmaier, PhD, e-PRO, Manville, Hillsborough, Somerset NJ
(Weichert, Realtors; Hillsborough)
Comments 0
3% Down Financing Available with no PMI... Census Tract Based Financing  A CRA home loan is originated by a federally regulated bank or mortgage lender that is obligated to meet the requirements of the Community Reinvestment Act (CRA) of 1977. Some banks refer to these loan products as “portfolio...

By Evan Roberts, We Buy Houses
(Dependable Homebuyers)
Comments 0
Retirees in the Nashville, TN will be pleased to know that Dependable Homebuyers is now offering an alternative to doing a reverse mortgage. It is very common for those who have retired to need cash for things such as medical bills. Dependable Homebuyers is offering the option of purchasing their...

By Evan Roberts, We Buy Houses
(Dependable Homebuyers)
Comments 0
Many homeowners choose reverse mortgage when they are in need of some funds. This is more so for older homeowners. Elderly people may need funds for various pressing reasons. There can be unexpected medical expenses. Familial liabilities are also common. Whenever a homeowner needs a lump sum of m...

By Evan Roberts, We Buy Houses
(Dependable Homebuyers)
Comments 0
Dependable Homebuyers is now buying residential properties from homeowners who have VA loans. The VA loans can have any amount, interest and term outstanding. The We Buy Houses company shall acquire the house in the exact condition it is in right now. Evan Roberts, the founder and owner of the re...

By Evan Roberts, We Buy Houses
(Dependable Homebuyers)
Comments 0
Banks compel defaulting homeowners to give up their houses. Every bank has its own policy but all will sooner or later issue a notice of eviction, clearly implying they are seizing the asset that has been used as collateral for the home loan. Mortgage default is very common. Many people in Ocean ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 5
“Next Time I will Listen to Family First!”   Mr. Petrowsky, I received your name from my sister and brother-in-law. A couple of months ago I began the process of getting pre-qualified for a mortgage. I visited two banks, which turned out to be a total waste of time. I really don’t even want to ge...

By Paul D. Diaz, MBA, Real Estate Broker & Instructor, Adjunct Professor
(Realty World Atlas)
Comments 2
Net revenue from delinquent collection activities rose to just over $40 billion, an increase of 1.6% compared to the prior year. IRS levies were up 8.3% compared to the prior year, but the IRS filed about 8% fewer liens than in the prior fiscal year 2017. By comparison, there were fewer audits du...

By Lorraine Santirosa, #1 San Diego Military Relocation Expert!
(Mission Realty Group)
Comments 12
Does Countrywide now Bank of America owe you money? -The Justice Department is confronted with a challenging task of locating over 200,000 alleged victims and establishing a method of compensation after a $335million dollar fair lending settlment with Bank of America's Countrywide unit. The agree...

By Carol Williams, Retired Agent / Broker / Property Manager
(Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.)
Comments 39
This is a guest post by Janice Brown from the Wenatchee office of American Pacific Mortgage. I have asked Janice to write an article on the Proprietary Reverese Mortgage she refers to in this post.What you want to know about Reverse Mortgages. There are two types of Reverse Mortgages that you nee...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) down 9 basis points today at 102.84 having closed 125points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the M...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.87% CANHOU 06/15/24 [-0.07]   ‌ 10 Year - 2.10% CANHOU 09/15/29 [-0.05]     GoC 5 Year - 1.52% CAN 2.25 03/01/24 [-0.07]   ‌ 10 Year - 1.61% CAN 2.0 06/01/28  [-0.06] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.10% [-]    ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Sales of new homes declined from March to April though the numbers in March were revised higher. The Census Bureau reports that new home sales fell nearly 7% in April from March though were above the 665,000 expected. Sales rose by 7% from April 2018 to April 2019. Sales losses were seen across t...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Durable Goods Orders dropped 2.1% in April, and it's March's number was revised lower, from 2.6% to 1.7%. The big drop was led by lack of Boeing orders (this is after the grounding of their 737 airplanes). If you remove the Transportation, the Durable Goods woul...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
You can provide this program and others - NATIONWIDE! Delegated & Non-Delegated Correspondent, Broker and In-House Portfolio lending Federally registered – originate in all 50 states Conventional loans (Fannie Mae including HomeReady & HomeStyle and Freddie Mac including Home Possible and Manufac...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) up 16 basis points today at 102.94 having closed 136 points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the M...