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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 4
“At Some Price, all the Math will Work”    Hi Joe,The seller’s Realtor told my agent that the sellers are old and are not willing to do much work, and looking at the inspection list that she voluntarily gave me (attached), it seems the sellers are not willing to consider much of a discount when f...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“Happy Thanksgiving”    A man was picking through the frozen turkeys at the grocery store for Thanksgiving Day, but couldn't find one big enough for her family. She asked a stock boy, "Do these turkeys get any bigger?""No, ma'am. They're dead." 

By Michelle Cherie CarrCrowe Just Call...408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years
(Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty)
Comments 0
Did you hear the good news that conventional loan limits will increase again for 2020, making this a four-year streak of consecutive increases in conventional loan limits?This is great news for home buyers, especially first-time home buyers.In 2019, the maximum was $484,350. In 2020 it will incre...

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: 3.63%FHA 30 year: 3.375% Credit Score:740LTV:96.5%loan amount:$300kAPR: 4.375%Conventional 15 year: 3%Credit score:740LTV:75%Loan Amount:$300kAPR: 3.3245% Rates are Subject to ChangeCall me today if you are thinking ...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
The CFPB is considering changes in the LO comp rules to permit adjustments to a loan originator's compensation in connection with originating State housing finance authority loans to pay varying compensation. The Bureau also plans to examine whether to allow creditors to reduce an LO's compensati...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points today at 102.62 having closed 81 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
The Census Bureau reports that sales of new single-family homes declined in October while September was revised higher. New Home Sales fell 0.7% last month to an annual rate of 733,000 units, above the 710,000 expected while September was revised higher to 738,000 from 701,000. The 738,000 in Sep...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Weekly Jobless Claims scaled back from the previous reporting to 213k people applying for first time benefits. The GDP's 2nd revision for the Q3 came in a little higher, from 1.9% to 2.1%. We'll see the final revision next month! Durable Goods Orders (including ...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 2
The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020.  In most of the U.S., the 2020 maximum conforming loan limit for one-unit properties will be $510,400, an increase from $484,350 in 2019...

By Doug Jones, Mortgage Broker - NMLS 286668
(Mortgage Magic)
Comments 2
October 12 my customer received a notice in the mail from a lender stating he qualified for a 2.875% interest rate with a 2.875% APR which means the loan has no fees or points at all. The mailer was designed so that it looked like it was sent from his mortgage lender but in very small print were ...

By Russell Smith, Loan Officer Communication & Execution You Deserve
(Blue Ridge Bank Mortgage)
Comments 1
  There are several ways to provide housing for a disabled adult child. In addition to living with parents or assisted living, some parents desire to purchase a home for their child to live in. Thus, we explain how to buy a home for an adult handicapped or disabled child. In many cases, the child...

By Mark and Laura Anderson, Common Name - Uncommon Service
(Realty Group Inc)
Comments 1
The Home Buyer's Guide to Getting Mortgage Ready  Don’t wait until you’re ready to move to start preparing financially to buy a home. If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common d...

By Jody Bruns, CDLP, Niche Marketing Expert in Real Estate & Mortgage
(Jody Bruns, LLC)
Comments 3
Do you have any real estate clients who could benefit from a Buy Down on their interest rate? Of course you do - but do you understand how a Buy Down can help them? A Temporary Buydown is a mortgage loan option that reduces the borrower's interest rate for a specific amount of time. The main bene...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
JUST ANNOUNCED TODAY, 11/26/2019:The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020.  In most of the U.S., the 2020 maximum conforming loan limit for one-unit properties will be $510,400, ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed down 3 basis points today at 102.69 having closed 89 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. 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
Today, the FHFA (Federal Housing Finance Agency) announced the new conforming loan limits for Fannie Mae and Freddie Mac. The result is similar to the past four years: they’re on the rise, reaching a limit of $510,400 for most of the states on the US. This is a big increase from 2019’s $484,350 ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Case Shiller HPI rose in September from 3.1% to 3.2%. Consumer Confidence slightly slipped from 125.9 to 125.5 in November. Forecasts were calling for an increase to 128.2. New Home Sales had a large revisions to it's September numbers, going from 701k to 73...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
HIGH RATIO fixed term best discounted rates & preferred rates as of November 25, 2019 Terms                           Posted Rates                 Preferred Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
The Mortgage Bankers Association reports that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they originated, up from $1,675 per loan in Q2 2019. The $1,924 is near a seven-year high. In addition, the average loan balance for fir...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 102.69 having closed 91 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...