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 Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Non-Farm Payrolls reported 701k job losses for the month of March. This was much higher than estimates, anywhere between 80k-150k job losses, as the sample data used for this model were derived from March 12, which was prior to the full scope of the coronavirus ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.8 having closed 403 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The coronavirus fallout continues to impact the U.S. economy and will continue for several months. The March Jobs Report showed 701,000 jobs lost, far below expectations and just the first in what will be a string of historic job losses. Based on nearly 10 million unemployment claims the last two...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 3
“You Have to Ask the Right Question”     Two fellows stopped into an English pub for a drink. They called the proprietor over and asked him to settle an argument."Are there two pints in a quart or four?" asked one."There be two pints in a quart," confirmed the proprietor.They moved back along the...

By Realtyna Inc, Realtyna- MLS RETS Integration software & services
(Realtyna)
Comments 0
When it comes to buying a house you may notice that it’s not cheap. It can even be scary at some points. Each individual sooner or later in his life, feels the urge to make a family or live on his own apart from parents, so there will always be the desire for buying houses. In some countries, lik...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“Hell NO”  Mr. Petrowsky,Your name was given to me by my financial advisor. I have brought up the topic of doing a reverse mortgage and he told me you are the person I should talk to. Some basic info is that I am 71 and not in the best of health. I keep seeing ads about reverse mortgages and it s...

By Kevin O'Connor, Helping Homeowners Achieve Their Dreams.
(JB Mortgage Capital, Inc.)
Comments 1
Starting off the month of April 2020 mortgage rates are higher when compared to the all time lows achieved during the first week in March. The reasons for this include; too many applications were received, market volatility and Fed action. All three are playing a role in consumer mortgage rates.F...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The economic fallout from the coronavirus continues to hit American workers across the nation. Americans filing for first-time unemployment claims hit nearly 6.7 million last week after the 3.3 million in the previous week. These are record numbers in the history of modern-day America. The St. Lo...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Weekly Initial Jobless Claims doubled the amount of people applying for unemployment benefits from previous week, as it went from 3.3 million to 6.6 million; so, in 2 weeks we have approximately 10 million people applying for Unemployment! Factory Orders wer...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
Beware of where you get your facts about the Mortgage Industry.  Between the Media and Politicians, there is a high probability of fragmented and/or slanted information being disseminated over the airwaves.  In this video below, you will hear from an industry professional providing a summary of w...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) market closed up 22 basis points today at 103.78 having closed 402 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Comments 0
Conventional 30 year Mortgage: 3.49%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.50%FHA 30 year: 3.0% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.0%Conventional 15 year: 3.375%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.49%Rates are Subject to ChangeCall me today if you are thinking of ...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
  I discussed Covid 19 appraisal issues in my previous blogs about Conventional andd VA appraisals  here: https://activerain.com/droplet/5mMF and here: https://activerain.com/droplet/5mMD We now have guidance for FHA as well: FHA  Mortgagee letter 2020-05 provides guidance regarding:  Appraisal R...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The ADP Employment Report will be the first of 3 Jobs reports we'll receive for the month of March. For the month of March, the ADP reported there were 27k job losses. We also see Manufacturing slip in March, as the Markit Manufacturing PMI slips to 48.5 and the...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
Caller: The mortgage company I was working for wouldn't help me when I had questions! I would call and no one would get back to me! Me: I worked for a company that had the same problem. That's why I left!Caller: I wasn't the only one who noticed it. Everyone complained and started leaving.Me: We'...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
Comments 1
As a Mortgage Professional who has originated residential mortgage loans for 20+ years, I can definitively say that I have NEVER had a Borrower who wanted a HIGH Interest Rate, nor have I ever worked with a Borrower who wanted High Fees (i.e. Non-Recurring Closing Costs). With the above in mind, ...

By Carol Faaland-Kronmaier, PhD, e-PRO, Manville, Hillsborough, Somerset NJ
(Weichert, Realtors; Hillsborough)
Comments 1
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 Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
 The VA just issued appraisal guidelines in response to the Covid-19 Epidemic.For the most part the guidelines are similar to the changes we have seen on the conventional side. To the best of my knowledge, this is the first time the VA has allowed appraisals without an interior inspection.For Vac...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 4
 I don't know what your thoughts are but here are a few things I never want to hear again once this is all over:Social Distancing, PPE are at the top of the list, but there are so many others. Enough of that, lets move on to the focus of this post. Even with NJ being shut down for all but "essent...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Home prices edged higher though the data was backward-looking in the January S&P Case-Shiller 20-City Home Price Index. Home prices rose 3.1% from January 2019 to January 2020, up from 2.8% the previous month as prices continued to increase at a modest rate across the U.S. The National Index saw ...