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

 
Inspired by the success of the Toy Story 3 movie, Fisher Price Imaginext Disney - Pixar Tri County Landfill Junkyard is really a toy playset created for Toy Story 3 enthusiasts.The Imaginext playset delivers the many important elements of the particular movie scene. Should your small children hav...

By Khash Saghafi NMLS, Mortgage Loan Officer, Cleveland OH NMLS 1114762
(Liberty Home Mortgage Corporation)
Comments 5
Safety I received a call from a listing agent the other day wondering why on a conventional loan, a GFCI outlet would be required by the appraiser to be replaced. She made a huge point to remind me that this was a conventional loan and not an FHA loan.   An outlet issue is a SAFETY issue and NOT ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 13
“No Such Thing as a Free Meal”    A hobo comes up to the front door of a neat looking farmhouse and raps gently on the door. When the farm owner answers, the hobo asks him, "Please, sir, could you give me something to eat? I haven't had a good meal in several days."  The owner says, "I have made ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.93%* CANHOU 06/15/24 [-0.01]   ‌ 10 Year - 2.20%* CANHOU 09/15/29 [-] * denotes interpolated rate       GoC 5 Year - 1.57% CAN 2.25 03/01/24 [-0.01]   ‌ 10 Year - 1.70% CAN 2.0 06/01/28 [-] GOC Bonds are for reference purposes only Floating rate insured cost...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.93%* CANHOU 06/15/24 [-0.01]   ‌ 10 Year - 2.20%* CANHOU 09/15/29 [-] * denotes interpolated rate       GoC 5 Year - 1.57% CAN 2.25 03/01/24 [-0.01]   ‌ 10 Year - 1.70% CAN 2.0 06/01/28 [-] GOC Bonds are for reference purposes only Floating rate insured cost...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
 Mortgage rates remained at 14-month lows in the latest survey which has been a boon for mortgage application volume. Low rates should boost the spring home buying season which is currently underway. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 4.08% this week from 4.06% last ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“Investor Loans and NO Tax Returns Required”   Joe, I didn’t think the investor loan that you offered was real when I heard you describe it. Down payment and credit was never an issue, but my tax returns were always a problem. Not anymore!As you know, I closed on Thursday and already have identif...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The Bureau of Labor Statistics reports that payroll growth rebounded in March after the weak reading in February. Nonfarm Payrolls rose 196,000 last month, above the 175,000 expected and above the 33,000 created in February. For January and February, upward revisions totaled 14,000. The unemploym...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 1
This week, the housing system became a new point in president Trump’s agenda, after he signed a memo regarding the long overdue reform, handing the task to the Department of Housing and Urban Development and the Treasury Department.A year ago, the president’s budget gave a boost to the HECM progr...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Analytics firm Black Knight reported on Monday that due to the recent steep decline in mortgage rates, there are now nearly 5 million borrowers that could qualify for a refinance which would reduce their rate by 3/4s of a point. The report went on to reveal that the population of refinanceable bo...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
Stop holding yourself back and let's talk about our Mortgage Branch Opportunity.Here are the Benefits:You'll be able to lend in all 50 states with no additional licensing.No brick and mortar offices are required.Mortgage Broker's license is not required.Group health insurance benefitsPayroll is h...

By Rob Spinosa, Vice President of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 4
Lock Watch for the Week of 5/14/2018 Volatility-O-Meter:Relatively quiet week aside from a lot of Fed member speeches, but I am going to put oil prices on the radar too.  Heightened Middle East tension could spill over, through oil, into stock and bond markets. Economicalendar (all times are Paci...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 4
Rob Foley, a Loan Originator in Oklahoma, originated his client's out-of-state mortgage on a Georgia property with our Loan Originator Program and he can help your borrowers too - in all 50 states! Well done Rob!  I wish this was available when I was originating.When I was a loan officer, I can't...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 2
I'm not sure if you knew, but this is kind of a big deal!  Fannie and Freddie have increased their loan limits, effective January 1st, 2018. Up until 2016 the limits had not increased for the prior 10 years when it was stuck at $417,000 for a 1 unit property in the contiguous states.  In 2017 tha...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
Mortgage Brokers and Loan Originators, have I got a unique program for YOU!  The next time a potential client calls you with a loan in another state, you can confidently take that application, but you need to call me first, at (248) 854-0625.     

By Joseph Metzler, Sr Loan Officer
(Mortgages Unlimited, Inc)
Comments 7
I have Collections, Charge-Offs, Judgments, Garnishments and Liens on my Credit Report What do lenders require? St Paul, MN: Many potential home owners don't have perfect credit. A recent survey indicates that about 1/3rd of people have credit scores BELOW 630. That score is low enough to automat...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 13 basis points today at 102.72 having closed 128 points above support offered by the 200 day moving average.  The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%.  Whether in New England,...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 0
I remember when I joined the army I’d heard about the VA Loan and wasn't sure what it was about. I just heard it was really good. Now I know for a fact (having received one myself) that it’s really good. The VA Loan is made for veterans, military members currently serving in the U.S. military, re...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 3 basis points today at 102.59 having closed 115 points above support offered by the 200 day moving average.  The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%.  Whether in New England...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Today is the Big Jobs Day! Nonfarm Payrolls came in higher than expectation (177k) and much higher than February's number, which was revised higher (to 33k). It came in at 196k. The Unemployment Rate remained at 3.8%. However, Average Hourly Earnings only rose 0...