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 Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 3
97% Financing - Fannie Mae Releases Selling Guide 1.27.15 Fannie Mae released its updated version of the Selling Guide on January 27, 2015.  The majority of the changes stem from its earlier announcement to reintroduce 97% financing for single-family homes.  It had previously capped the loan-to-v...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY January 29, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT - NEUTRAL 7-15 Day Close: NEUTRAL 16-30 Day Close: FLOAT MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on 01-29-15: 3.66% - Up 0.03% Rate Price Base...
By Justin Fitzhugh, Mortgage branch opportunities in 47 states
(Nations Lending Corporation)
Comments 0
Earlier this week Fannie Mae released its 2015 Economy Outlook which indicates the economy has dragged housing upwards.    The agency forecasts 2015’s  economic growth will have an impact in housing    Low gasoline prices, strengthening labor market, rising household net worth, and improving con...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 18
“Long Distance Mortgage Applications”     I am fortunate that I get clients from most states and even out of the country. Many ask how difficult it is to do mortgages without being face to face, the bottom line, there is almost no difference.   My preference is always to be face to face, but bet...
By Janis Borgueta, LIC R.E Salesperson - Homes for Sale Newburgh NY
(Key Properties of the Hudson Valley ~ 845-527-7115 )
Comments 10
Amazing Stories - House Appraises BUT Still Loan Denied Questionable value being blamed, but is it true?  As the listing agent on a condo I love it when a ready, willing and able buyer comes along, even with another agent. A showing on the property and a buyer falls in love! A little romance in l...
By Bob Crane, Forestland Experts! 715-204-9663
(Woodland Management Service)
Comments 8
Our professional association strictly prohibits the buying or selling of referrals, and after all the monkey business that I see in the real estate industry, I think that prohibiting this practice is a great idea. “NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees c...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 3
As I wrote in my post dated December 14, 2014, entitled "Fannie / Freddie To Make Housing Fund Payments" Mel Watt, Director of the Federal Housing Finance Agency ordered FNMA and FHLMC to make their payments to the Housing Trust Fund and the Capital Magnet Fund as required under the Housing and E...
By Diane Beaumont, USDA,FHA,Jumbo,VA Woodland Park, CO Mortgage
(Benchmark Mortgage)
Comments 0
Your mortgage payment may be among the largest payments you make every month. While certainly an important part of your budget, this payment is also critical to helping you build equity in your home because it attributes to mortgage principal reduction. Managing your mortgage payments can be chal...
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 Matt Brady, Lending With Competence And Character
(New American Funding)
Comments 0
 Higher-risk mortgages have become a big bone of contention in Europe, although more for the perversion of the Basel Committee’s standards than because there is a big immediate capital effect. Smaller mortgage lenders in the U.K. and Europe, don’t use internal models to assess risks, they are all...
By Mark Taylor Mortgages, 602-361-0707 #MarkTaylor #Awesomerates NMLS#207897
(and for 1st Time Buyers, Move Up Buyers & Investors )
Comments 3
Mortgage Modification Scam Alert!       As if homeowners who are facing foreclosure don’t have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim. By identi...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 3.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.09% FHA 30 year:3.875% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.07% Conventional 15 year:3.125% Credit score:740 LTV:80% Loan Amount:$200k APR:3.32%   Rates are Subject to Change Call me today if you ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 81
“Blogging Your Story, So Others Get to Know You”     Referrals are the lifeblood of my mortgage practice. I never take them for granted. This week I have gotten two referrals from Realtors I have never met or heard of before.   In each case I got a call directly from the clients.  I always ask w...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY January 28, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT - NEUTRAL 7-15 Day Close: NEUTRAL 16-30 Day Close: FLOAT MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on 01-22-15: 3.63% - Down 0.03% Rate Price Ba...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
Economic News in Review Greenville SC Here is last week’s Economic News in Review Greenville SC.   While 2014’s existing home sales were slightly down, sales in December picked up steam, as did new home construction. Meanwhile, initial jobless claims fell, but not as far as the market had hoped. ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
“Providing Hope to a Home Buyer”   At least a couple of times a week I get calls from folks that have been told by friends or co-workers to contact me. They often need help regarding their credit and many I can help and get them to a point that a mortgage is possible in a few months, others much ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 37
“Who Else do You Know that Needs My Help”   No matter who I talk too, I ask this question. No matter it be someone that just got referred to me, someone I am doing a mortgage application for or someone who I set up an appointment with. You just never know the response you may get, you just might ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 40
“NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees cannot be paid in the mortgage industry. Personally I don’t agree with the policy, but that’s the regulation.   I got a call from a former loan officer, asking if I would consider paying  him a referral fee for ever...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 5
FHA Announces Reduction in Monthly Mortgage Insurance On Friday, December 9, 2015, HUD released Mortgagee Letter 15-01 which announced a 0.50% (50 bps) reduction of the FHA monthly mortgage insurance on most forward mortgages with terms greater than 15 years.  This comes on the heels of months of...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 10
You are no doubt aware that the reduction in the FHA premiums for mortgage insurance went into effect yesterday, 01.26.2015.  There are a number of people with FHA loans that might benefit from refinancing their existing FHA loan into another FHA loan with lower MIP.  As stated in an earlier post...