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 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 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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 24
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 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 23
“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 0
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 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 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 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 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 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...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 3
In a blog appearing in the Wall Street Journal for December 19, 2014, the author is blaming loan servicers for the tight credit market despite the relaxation of the QM rule and the requirement that lenders retain a 5% stake in mortgages they sell that have LTVs of greater than 80%.  The blogger c...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
“Why Would Anyone Not Refinance at These Rates?”     I stopped to buy some groceries a few weeks ago and while walking down one of the isles I heard someone say,” that is OUR mortgage guy!” Don’t remember what else I was thinking at the time, but immediately was smiling from ear to ear.   Do you...
By Jim Paulson, Owner,Broker
(Progressive Realty (Boise Idaho) www.Progressive-Realty.info)
Comments 6
Are Fannie Mae and Freddie Mac's newly announced 3% down program just another case of trying to prove how quickly we forget the past, or is a good move? http://www.housingwire.com/articles/32269-fannie-and-freddie-officially-approve-3-down-payment-mortgages I always see posts about how we need to...
By Kenny Salame, NMLS ID 313873
(All Western Mortgage Broker # 14210)
Comments 1
Closing a VA home loan in 30 days in Las Vegas, Nevada www.lasvegasmtg.com report: I've been a Mortgage Banker for over 20  years and I have been amazed at some of the misconceptions from Real Estate professionals regarding closing a VA home loan in 30 days in Las Vegas, Nevada. In today's Las Ve...