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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 26
A question I am asked by Borrowers who have gotten themselves in trouble financially in the past, and are now working to get their finances back in order is, Does Consumer Credit Counseling Disqualify A Borrower For A Mortgage?  The quick answer is NO, just participating in Consumer Credit Counse...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY December 22, 2014, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  LOCK 7-15 Day Close: LOCK 16-30 Day Close: LOCK MORTGAGE MARKET INDICATORS FHLMC Weekly Average:30-Yr FRM, on 12-18-14: 3.80% - Down 0.13% MBS (3.5%) - Currently, 10...
By Mike Young, FHA 203k Consultant 707-812-7668
(203kOnLine.com, covering California & most other states)
Comments 1
FHA 203k training and HomeStyle® Renovation Mortgage training We have been training consultants, lenders, investors, and Realtors for over twenty years. Why is this post coming out? Because so many of you think this is a new program. It actually has been around since 1961. We have the #1 rated so...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
“Offended by Christmas”   Are you kidding me, I am sick and tired of the attacks on Christmas and what Christmas stands for. I keep hearing about certain groups being offended by all the decorations and message.   Here is the thing, I don’t celebrate Christmas, but we personally like what Christm...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 24
“Under the Table Income can’t be used”     You can’t qualify for a mortgage that large based on your income alone and we also can’t count your husband’s income. I know your husband is working, but he is working under the table and he doesn’t show the income on your tax return. Currently, they are...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 2
An article appearing on nationalmortgageprofessional.com indicates that seventeen prominent Senators led by Senator Barbara Boxer (D-CA) have sent a letter to HUD Secretary Julian Castro, urging him to price FHA loans appropriately to cover expected losses and to serve the agency's mission.  The ...
By Olga St Pierre, Helping you create a lifetime of memories!
(Keller Williams Real Estate)
Comments 0
This week’s mortgage interest rates in NJ and PA! Conv 30y fixed, 3.750% - 0 pts Conv 10y ARM, 3.500% - 0.25 pts Conv 15y fixed, 2.990% - 0.25 pts    Jumbo 30y fixed, 3.750% - 0.25 pts Jumbo 5/1 ARM, 2.875% - gives lender credit   FHA 30y fixed, 3.375% - 0 pts VA 30y fixed, 3.375% - gives lender ...
By Doug Jones, Mortgage Broker - NMLS 286668
(Mortgage Magic)
Comments 1
Today I made a bank deposit and some of the deposit was cash.The Cashier marked a $50 dollar bill with a pen to make sure the bill was real.and it reminded me of the time I had a $20 counterfeit bill a few years ago.   I was rushing to San Francisco and stopped by my bank in the same building whe...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
“When Listing Agent and Selling Agents Can’t Stand Each Other”   Why do I need to get in the middle of this crap? I have been getting calls and emails from both of them, as they just won’t talk to each other. This is not part of my job description, as they each keep telling me stuff I just don’t ...
By Matt Brady, Lending With Competence And Character
(New American Funding)
Comments 1
Did you know that you can still buy a home with $0 down payment?  Believe it or not, there are still programs out there to make this possible! Of course you need to meet certain criteria, but when I re-reviewed some of the newer numbers I noticed that this loan program has gotten much better over...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 2
Still sailing on the happy seas created by the Fed's Open Market Committee actions last week and aided by positive winds from European bourses, stock futures set out on a decidedly positive course this morning.  The Dow gained nearly .9% as it closed up 154 points.  Oil closed at right about $55....
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 7 basis points today at 104.19 having remained above support offer by the 25 day moving average and below resistance at the 104.34 level.  The Treasury auctioned off $27 billion of two year notes today.  Despite the fact that the auction garnered just a ...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 1
When it comes to mortgage industry, George Souto is a walking encyclopedia! Please make sure you visit his page and follow him for up-to-date information on mortgages. This re-blog discusses in detail on the impact of working with Consumer Credit Counseling for a borrower for a mortgage. A questi...
By Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
Sales of previously owned homes unexpectedly fell in November from October to a six month low. The National Association of REALTORS® (NAR) reported today that Existing Home Sales in November fell by 6.1% from October to an annual rate of 4.93 million units, which was well below the 5.20 million e...
By Aaron Norris, MBA, APR, Hard money lending and real estate investments.
(The Norris Group Hard Money Lending)
Comments 0
California hard money loan closed in Riverside, California. California trust deed at $120,000 at 9% on Riverside investment property. See more at http://ow.ly/GjHOa For more information about The Norris Group's California hard money loans or our California Trust Deed, investments, call our offic...
By Mike Bjork
(American Pacific Mortgage)
Comments 0
http://MikesDailyMarketReport.com: 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 Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's scheduled economic events were few but informative. Housing related reports included the National Association of Home Builders/Wells Fargo Housing Market Index for December, which stayed close to a nine-year high reading of 59 in September. December's reading was 57 and fell two point...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 42
    “NO ONE Can Re-Blog Any of My Posts”   I apologize once again to my AR family, I keep getting emails and comments from many of you, telling me that you still can’t re-blog any of my posts. This problem has been going on for months and it is not like efforts haven’t been made to correct the pr...
By Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate
(Hallmark Realtors)
Comments 7
What!!!??? In the past, if you were to buy a short sale or any other home with an FHA loan you needed to own the home for at least 90 days before selling it.  Effective January 1, 2015 that will no longer be the case.  Investors can purchase a home via an FHA backed loan (think little money down ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“Meet Up In Rhode Island”   From Left to Right: Conrad Allen, George Souto, Dagny Eason, Ginny Gorman, Praful Thakkar, Scott Hayes (definitely traveled the furthest, all the way from Austin, Texas), Christine Smith, Ed Silva or Santa, Yours Truly and Kyle Reyes   I don’t consider myself a newbie...