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 Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 18
Another group of mortgage lenders has contacted HUD Secretary Julian Castro, urging him to lower the FHA mortgage insurance fees.  In a letter dated December 18, 2014, Bill Cosgrove, Chairman of the Mortgage Bankers Association, indicated that, "MBA thinks mortgage insurance premiums are counterp...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 2
My first blog in this series on waiting periods on Mortgage Programs after a Foreclosure and Short Sale was "Fannie Mae Waiting Periods For Foreclosures And Short Sales".  Today I will continue the second blog in the series with FHA Waiting Periods For Foreclosures And Short Sales.  As I stated i...
By Susan Haughton, Your Client-centric Alexandria VA REALTOR
(Long & Foster REALTORS (703) 470-4545)
Comments 84
While thinking about what to write about today, I was struck by inspiration while reading Joe Petrowsky's post "Samuel Referred Me..."  in which he mentions giving prospective buyers a road map to follow in getting them credit worthy.   It reminded me of one of my earliest days in real estate;  I...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 12
  Fannie Mae Waiting Periods For Foreclosures And Short Sales.  While Foreclosures and Short Sales have substantially decreased in many parts of the County, here in Connecticut and other parts of the Northeast we continue to see more than our fair share of them, so it is important to continue to...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 41
“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 14
“28 Months to Get a Mortgage”       Not a misprint and very proud of the result and was my way to “Pay it Forward”. This woman was referred to me by a bankruptcy attorney. He felt for the amount of debt it might not make sense for her to file bankruptcy, a total of $10,000 in credit card debt.  ...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 5
In a statement released by the Federal Housing Finance Agency and reported in DS news the Federal Housing Finance Agency ("FHFA") has indicated that it will aggressively protect the lien position of mortgages backed by Fannie Mae and Freddie Mac.  Certain energy retrofit financing programs adopte...
By Jamie Chambers, USDA /FHA Mortgage Source
(USDA / FHA Mortgage Source)
Comments 0
Florida teachers can still purchase home with $0 down payment thanks to the 100% USDA RD home loan.  The USDA loan has many advantages for all FL public service workers like teachers, police and firefighters. The best part is there is no first time buyers class, long wait or special approval need...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 2
The big economic news today was the third quarter GDP.  The GDP or Gross Domestic Product is the sum of all business activity for a given period of time.  Remember back in the first quarter when the GDP was down 2%?  Well as they say, we have come a long way baby!  The third quarter rose an eye p...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 14
Why Do I Keep Hearing About 24CFR203.41? After working with FHA Condominium Project Approvals even for a short time, you will run into a condominium’s legal documents that violate 24CFR203.41.  This section of the Code of Federal Regulations relate to the exemptions of what is called “free assuma...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 36
“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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
“Websites that are NOT App Friendly”     I owe a special thanks to Kyle Reyes for this website coaching on how to get better results. He asked me one day about the analytics for my website. “What the heck does that mean?” I asked.  I gave him the information he requested and he told me,  “you ar...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 43
    “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 Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 4
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 Mike Bjork
(American Pacific Mortgage)
Comments 1
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 Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 1
This is a good reminder that many mortgage borrowers should be refinancing to take advantage of lower mortgage interest rates. Please visit the original blog if you wish to leave comments. “Why Would Anyone Not Refinance at These Rates?”     I stopped to buy some groceries a few weeks ago and whi...
By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Comments 1
Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is short sale business news and distressed property news about government programs for d...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 3
The Congressional Budget Office ("CBO") recently released a report entitled, "Transitioning to Alternative Structures for Housing Finance", in which the CBO set forth its alternatives to the existing structures for Fannie Mae and Freddie Mac.  The report is summarized in Publication 49765. The CB...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY December 24, 2014, 8:30 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, 1...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 2
Well in a close to final year end commentary regarding rates here is the driving force in the market currently. What does it all mean? Simple dont expect a ny major movement between now and Jan 1 but also dont get lulled into sleep as holidays, at times, can make rates make unexpected movements.....