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 Sabrina Serna, Helping clients resolve IRS issues and past debt
(Serna Tax Solutions, LLC)
Comments 7
With over 14 MILLION collections cases currently active at the IRS, and that number expected to grow exponentially after the COVID-19 fallout, do not feel like you are alone if you are the recipient of one of the IRS "love letters".  My job  at Serna Tax Solutions, LLC is to help clients navigate...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
TODAY'S TOP STORIESFinally! Guidance on Applying for Federal Unemployment BenefitsThe first step is to be denied state benefits. Then Realtors and self-employed Floridians will be notified on how to apply for federal unemployment assistance (PUA). Read more Pensacola's Need To Know? Fed Likely to...

By ValuePenguin By LendingTree
(LendingTree)
Comments 2
What Do Lenders Look For in Home Equity Applications?If you're facing financial strain in your life, a home equity loan might be the answer to your credit issues. Not only does settling your high-interest debt with a low rate home equity loan cut down on your liability, but it diversifies your cr...

By Elyse Berman, PA, Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR
(Best Connections Realty, Inc.)
Comments 2
Feeasy providing collateral-free loans up to $50,000 to clients of real estate agents and brokers, stagers, movers, interior decorators and more.   "Our strategic alliance with Monevo, and its premier array of 30+ lenders, now provides our borrowers the opportunity to obtain a collateral-free loa...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Personal Income rose 10.5% in April. We think this anomaly is due to the disparity based on the lower pay scale employees losing work during the pandemic. Consumer Spending dropped 13.6% in April, as much of the economy was closed. The Personal Consumption Expen...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Mortgage backed securities (MBS) market closed flat today at 103.50 having closed 284 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mid...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Inflation has been non-existent in the past two months due to the coronavirus induced shutdown of the U.S. economy. The inflation reading Core PCE fell to 1% annually in April, down 0.5% monthly from March. Personal Spending fell by 13.6% while Personal Incomes rose 10.5%. The personal savings ra...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed up 19 basis points today at 103.69 having closed 301points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 0.75% CANHOU 06/15/25 [-0.02]   ‌ 10 Year - 1.03% CANHOU 06/15/30 [-0.02]   * denotes interpolated rate GoC 5 Year - 0.39% CAN 1.25 03/01/25 [-0.01]   ‌ 10 Year - 0.48% CAN 2.25 06/01/29 [-0.01]   GOC Bonds are for reference purposes only Floating rate insured...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 2
 “From 6% to 3.5% in a Few Months”  Hi Joe,Hoping things are going well for you during this crazy time. We do still want to proceed with the refinance as our 2 year date for the BK discharge was 4/20/2020.  We are both still working, but he did take a temporary pay cut of 20% which he has in writ...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 2
  F Words: Should I show someone a home if they are in Forbearance? what if they are furloughed?  The answer to both questions above  is probably “NO”.  F words in the mortgage world are typically bad.  The Biggie of course is Foreclosure- that causes a 7 yr waiting period for Conventional loans ...

By Richa Nayyar
(Coming service)
Comments 0
A typical laptop lasts between three and five years. Some can last longer, while some might cut out before then.But if you’re reading this article, you might not be sure if it is time to toss your laptop or not. After all, a laptop is an expensive investment that you rely on, so you’ll want to be...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Just over 40 million Americans are now on the unemployment line since the shutdown began in mid-March but there is a silver lining. Weekly Initial Jobless Claims rose 2.123 million versus the 2 million expected for the week ended May 23. However, continuing claims or the number of people who have...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims continued the lower trend when it was reported that 2.12 million people applied for unemployment benefits last week, which is down from 2.45 million the week prior. The 2nd look at the Q1 GDP worsened, going from -4.8% to -5.0%. We'll get ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage rates continued to hover near record lows in the latest week as low rates spur on purchase activity. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage was essentially unchanged at 3.42% with 0.33 in points. The Market Composite Index, a measure of total ...

By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
Comments 26
The following link (and the table below) are the federal guidelines from Fannie Mae …set forth on March 29. 2016 regarding leased solar panels and the first paragraph is if the PV Panels are OWNED.  All sellers will face this same dilemma (if the solar company is not agreeing to these terms) when...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 2.75%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.12%FHA 30 year: 2.875% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.04%Conventional 15 year: 2.5%Credit score:740LTV:75%Loan Amount:$300kAPR: 2.615%Rates are Subject to ChangeCall me today if you are thinking o...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Isn’t it True, We Hear What We Want to Hear”    Morris, an 82-year-old man, went to the doctor to get a physical. A few days later, the doctor saw Morris walking down the street with a gorgeous young woman on his arm. A couple of days later, the doctor spoke to Morris and said, "You're really do...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: We'll be able to get a better view of the US Economy when the Fed releases their Beige Book around 11am PST today. This provides a Micro view of each region of the US. Stocks started the morning off in Positive Territory; however, Technology Stocks started to go...

By David Jackson, MBA, Financial lending analyst
(Olympus Labs)
Comments 0
Vail resorts shuts down all it resorts (Breckenridge, Vail, Beaver Creek, Crested Butte, Park City, etc..) Disney World closes, and travel comes to a screeching halt. What happens to the “sharing economy” when people stop sharing? What does this mean for Airbnb and companies like WeWork?The Real ...