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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
CoreLogic reports that home prices, including distressed sales, rose 4.7% from December 2017 to December 2018. It was the slowest year-over-year growth since August 2012 as price gains fall back down to more normal levels. Looking ahead, CoreLogic is forecasting a 4.6% gain in prices from Decembe...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 102.06 having closed 76 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, t...

By Fred Griffin presently on Leave of Absence, Licensed Florida Real Estate Broker
(Fred Griffin Real Estate)
Comments 10
     Wow!  Attorney (and Licensed Real Estate Broker) Steve Vondran gives an amazing discussion regarding, "What happens when a Borrower rescinds their mortgage loan under Federal Truth in Lending Act ('TILA')?"        Lawyer Steve makes the case that:      "When someone rescinds or cancels their...

By Joyce Thomas, Your Home Sold Guaranteed!
(The Thomas Group Brokered by eXp Realty)
Comments 1
While some couples opt to keep things separate, sharing a credit card can help when it comes to streamlining household money management. But it isn’t always easy. Whether you add someone to your credit card as an authorized user or open a joint account, problems can pop up if you’re not careful. ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 15 basis points today at 102.31 having closed 100 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England,...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 3 basis points today at 102.00 having closed 70 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England,...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
 The Bureau of Labor Statistics reported that 304,000 jobs were created in January as the labor market continues to remain on very solid ground. However, there was a large 70,000 downward revision for November and December. But even with that, the three-month job creation average is at a strong 2...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 2
On this day, Feb. 3rd, back in 1690, the first paper money (pictured below) was issued in America by the Massachusetts Bay Colony as "bills of credit" to pay for their military expedition, making it the first in the Western world. You'll notice the top wavy edge of the bill. This was hand cut wit...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 35 basis points today at 102.03 having closed 73 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England...

By Dan Papadapoulis, Home equity loans, second mortgages Toronto
(Mortgage Central Nationwide)
Comments 0
Debt consolidation is one of the best financial solutions for people who have a lot of debt and have issues with debt payment. It is a means to manage paying debt and saving some money on interest. There is no doubt that converting several small loans from different creditors into a single loan i...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
U.S. home sellers across the country put more money in their pockets when they sold their homes in 2018 with the big gains seen along coasts. The ATTOM Data Solutions 2018 U.S. Home Sales Report, home sellers in 2018 realized an average home price gain since purchase of $61,000, up from $50,000 l...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The partial government shutdown ended last Friday so the delay of sales of newly built homes for November was reported today with a big number. November New Homes Sales jumped 17% from October to an annual rate of 657,000 units, well above the 555,000 expected. However, sales were down 7.7% from ...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
With a home being the most expensive purchase that most people will make in their lifetime, Canadians are surprisingly not as concerned with finding a good deal for their mortgage loans as the rest of the 10 countries surveyed by HSBC. HSBC’s data showed that Canadians are the least concerned amo...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: It's a light week, this week on the Economic Calendar. Today is Factory Orders for November, which was due in December, but was delayed due to the Gov't Shutdown. It dropped 0.6% in November, which was faster than forecasts of -0.2%. Stocks are trading in Mixed ...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Reports show that there is an increasing number of homeowners who are borrowing from private lenders in the Greater Toronto Area but are they doing the right thing? Is it safe to borrow from private mortgage lenders?Why People Are Turning to Private Mortgage LendersWith banks and large financial ...

By Dan Papadapoulis, Home equity loans, second mortgages Toronto
(Mortgage Central Nationwide)
Comments 0
You may be thinking that getting a private mortgage for a new home is not within the realm of possibility if you’ve had financial troubles in the past. Having bad credit is often perceived as a huge deterrent when trying to get mortgage approval of any kind. However, with the right approach, gett...

By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
Comments 17
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 Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 3
What is the difference between a Home Equity Line of Credit (HELOC) and a Home Equity Loan (HEL) and why does it matter? In short, both mortgage loan programs are designed to be Junior Liens (to go into 2nd Lien position behind a 1st mortgage). Home Equity Line of Credit (HELOC) - is a revolving ...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
On this day, Feb. 2nd, in 1892, William Painter, (pictured above) inspired by the increase in carbonated drinks, patented the bottle cap, then known as the "Crown cork" bottle cap in Baltimore, Maryland. And to remove his caps, he invented the bottle opener along with a machine for crowning bottl...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
What is the difference between Loan-to-Value (LTV) and Combined Loan-to-Value (CLTV) and why does it matter?  To understand these terms and their relevance, I offer the following example related to a home purchase: Example: Purchase Price - $100,000 1st Mortgage - $80,000 2nd Mortgage - $10,000  ...