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 Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent
(Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730)
Comments 7
You Can Lead a Borrower into Loan App, But You Can't Make Him Comply What can happen when you disregard the advice of your agent and the loan officer? That's right, you will get your loan denied. That is exactly what happened to the buyer on my listing. He thought he was the exception to the rule...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 31
Last Sunday I posted a blog titled "What Is Mattress Money".  In that blog I used a couple of terms I feel I need to further clarify a little more.  Those terms are "Compensating Factors" and "Seasoned Money".   This past Wednesday I provide a further explanation of Compensating Factors, so this...
By Jason E. Gordon, Residential Mortgage Specialist, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
Today is a quiet day in terms of economic news, yet rate volatility persists as Investors attempt to squeeze profits from early trading. Compared to Friday's closing, the market has opened with a 0.125% IMPROVEMENT to the Points/Credits associated with any given interest rate option. This daily m...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
“My Client was Charged with 12 Counts of Larceny”   The lender that I am working with sent me a news article about this situation. I immediately called the clients to find out what happened. He immediately said it was not big deal, as he will be going to court in a couple of days and the matter w...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
“Next Time I will Pay More Attention to Your Referral”   I cringe anytime someone tells me they are going to use an agent that has other full time work. I just received an email from a client that just went through this kind of situation. I can assure you, she won’t make this mistake again.   Whe...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley,, MD & VA Homes and Real Estate)
Comments 11
I warned her over and over.  "Don't deposit any money, other than your pay check, into your bank account without calling me first." No matter. one day prior to settlement when the loan processor got their final bank statement update, there it was.  A $750 deposit with no documentation, no previou...
By Olga St Pierre, Helping you create a lifetime of memories!
(Keller Williams Real Estate)
Comments 0
Mortgage interest rates for this week of October 20, 2014 Lets take a look at this weeks rates:   Conv 30y fixed, 3.750% - 1.25 pts Conv 10y ARM, 3.250% - gives lender credit Conv 15y fixed, 2.990% - 0 pts     Jumbo 30y fixed, 3.875% - gives lender credit Jumbo 5/1 ARM, 2.625% - 0 pts   FHA/VA 30...
By Brian Heckman, Brian Heckman- Florida Mortgage Lender
(The Heckman Group)
Comments 1
         Lenders right now are finding themselves busier than ever due to an increase in the number of homeowners wanting to refinance now that rates for a 30-year fixed mortgages have dipped below 4%. This is the lowest that rates have dropped within the past 120 days.              Experts reco...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY October 20, 2014, 7:30 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close: FLOAT With Caution 7-15 Day Close: FLOAT With Caution 16-30 Day Close: LOCK The price for 3.50% Mortgage Loans based on MBS is currently down 0.07 point. This Weeks MB...
By Maggie O'Connell, Experienced Reverse Mortgage Professional
(The Federal Savings Bank, Reverse Mortgages)
Comments 0
Reverse Mortgage Counseling with no Cost A number of HECM Reverse Mortgage Counseling Agencies are providing counseling sessions with no cost at this time.  These are counselors who have received grants and are able to educate seniors on reverse mortgages and provide a counseling certificate.  Wh...
By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 1
  FNMA has announced the discontinuance of the HomePath and HomePath Renovation products.   Any FNMA owned property,  wishing to use the current enhancements such as no MI and no appraisal,  must have the contract of sale executed on or before October 6, 2014.     All loans with a fully executed ...
By Bob Elliot
(RE/MAX Advisors)
Comments 1
Index for October. The Commerce Department also released Housing Starts for September. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage dropped below four percent. The Fed released its Beige Book report, and Weekly jobless claims came in lower than expected. Here are t...
By David Kosmecki
(Mortgages Unlimited)
Comments 1
Whether you're buying a home for the first time or you've decided it's about time that you upgraded to a larger, more expansive house, if you're making a real estate purchase you'll need to be aware of how much you can reasonably afford to borrow in a mortgage. In today's post we'll take a look a...
By The Real Estate Marketing Group
(The Real Estate Marketing Group)
Comments 0
The mortgage world can be a confusing place. Every mortgage has variables that determine how much a borrower ends up paying. Most shoppers simply want a good deal on a loan but mortgage comparisons can be tough and a little knowledge on this can somehow go a long way toward getting the right mort...
By Mike Bjork
(American Pacific Mortgage)
Comments 0 Provides the mortgage interest rate trends and navigates through the current interest rates for home loans.  Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast.  ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 103.78 having broken through two levels of resistance during the session prior to closing once again above support offered at the 103.56 level.  After a week of soaring as stocks sold off approximately 7%, MBS bonds appear to have...
By Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
Federal Housing Finance Agency's Director Mel Watt will be speaking this week at the Mortgage Bankers Association's conference in Las Vegas and could announce loosening of GSE credit standards. Rumors are swirling that Mr. Watt could lay out a plan to make credit more available to potential home ...
By Edward Gomez, Credit Score Boost USA
( Credit Score Boost - USA Credit Solutions)
Comments 2
Don't let your credit scores fall any lower! 3 Things that will help you boost your credit score 1) Add Credit Using one of our tradelines or credit cards This will significantly boost your score up to 40% because credit offsets debt and shows your credit...
By Edward Gomez, Credit Score Boost USA
( Credit Score Boost - USA Credit Solutions)
Comments 0
For a limited time we are giving away a free tradeline.   Our FDIC bank backed tradelines come with a guarantee service.  Our company has seen tremendous credit score increases but using these products before tackling the negative items on the credit report or after credit repair is almost finish...
By Michael Regan, Home Loan Extraordinaire
(The Regan Team Home Loan Group)
Comments 0