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 30
The resent snow storm in Buffalo, NY has resulted in many homeowners suffering major property losses as a result of the several feet of snow they were hit with.  The weight of this much snow on roofs, has caused several of them to collapse, and many homes may be beyond rebuilding.  Parts of the c...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
        “My Car Payment is $2096 Per Month”     Sure, I have seen this dollar amount as a mortgage payment many times, but never before as a car payment. I don’t give a damn how much you NEED a particular car that is an insane payment!!   I have done two mortgages for this couple over the years a...
By Bill Ladewig, Experience Is Your Advantage
Comments 4
MORTGAGE INTEREST RATE LOCK ADVISORY December 18, 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, 103...
By Susan Haughton, Your Client-centric Alexandria VA REALTOR
(Long & Foster REALTORS (703) 470-4545)
Comments 82
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 Terry Bishop, Earning Your Trust and Confidence...
(Terry Bishop Realty LLC)
Comments 0
    Tucson, as much of Arizona, has had more than its share of properties which have been underwater and sold as a short sale. The passage by Congress of the Mortgage Debt Forgiveness Act on Tuesday undoubtedly is welcome relief to those who had short sales during 2014. A short sale is when a pro...
By Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate
(Hallmark Realtors)
Comments 5
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 23
“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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 22
“Only One Plan for 2015”       When I first started in business, I had read everything imaginable about goal setting when it came to financial and business goals. I wrote them, memorized them and shared them with all the right people around me. For whatever reason, I was always disappointed. I e...
By Peter Dellane
(Ability Mortgage Group, LLC)
Comments 0
The process of purchasing a home can be overwhelming at the beginning. The best way to avoid the pressures that come with this also exciting time is to break down everything that needs to be done into a list. This will allow what would otherwise be a daunting experience to be clear and easy to ac...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“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 Mike Tizzano, Protect Your Transaction Certified Lender
(Amerifirst Financial, Inc NMLS 145368 LO:1015837)
Comments 3
On 12/8 Fannie an Freddie released details on the 3% down mortgage product that both will offer to qualified borrowers.  Fannie Mae started offering the product on 12/13/2014 while Freddie will begin to offer it on 3/23/2015.  Here are some bullet points. FNMA Lenders will be required to use auto...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 4
A lenders' group has called upon the U.S. Department of the Treasury ("DOT") and the Federal Housing Finance Agency ("FHFA") to restructure the bailout payments that are required from FNMA and FHLMC to the federal government for the bailout of the GSEs after the burst of the housing bubble.  In a...
By Mike Bjork
(American Pacific Mortgage)
Comments 1 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 Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Comments 4
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 Bob Elliot
(RE/MAX Advisors)
Comments 0
Although there were few scheduled economic events related to mortgages and housing, last week brought an article about housing projections for 2015. Other news included increased job openings along with lower than expected jobless claims and higher mortgage rates. Job Openings, Retail Sales and M...
By Michael Shotnik
(Colorado Mortgage)
Comments 3
The FHFA announced back in October a number of steps to increase mortgage availability to first-time home buyers.   Fannie and Freddie have now officially approved 3% down payment mortgages for those who can afford a mortgage but lack the resources for a large down payment.   The FHFA will contin...
By Aaron Poling, Working to get YOU the BEST Deal!
(Long & Foster)
Comments 7
This Blog Post is about undocumented funds and how they can effect your home purchase. I have ran into this many times, and it is sometimes hard to explain. The author George Souto does a fantastic job of explaining all the details. I hope you enjoy!   Aaron Poling, REALTOR Long & Foster 976 Foxc...
By Valorie L. Ford, Valorie Ford & Co, Charlottesville/Albemarle Real
(Keller Williams Realty)
Comments 2
Have you heard of the company LexisNexis? Chances are that you may not be familiar with them, but they are a leading business research and risk solution company whose services are used by many large corporations and government agencies. Recently the company performed an "in depth" study of mortg...
By Justin Fitzhugh, Mortgage branch opportunities in 47 states
(Nations Lending Corporation)
Comments 0
Freddie Mac and Fannie Mae have suspended eviction lockouts starting today through January 2nd. The waiting period applies to occupied single family homes and 2-4 unit properties that have been foreclosed.1   Chris Bowden, Freddie Mac’s VP of REO said: Today's announcement will bring some holiday...
By David Krichmar,
(, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.29% FHA 30 year:3.75% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.27% Conventional 15 year:3.25% Credit score:740 LTV:80% Loan Amount:$200k APR:3.32%   Rates are Subject to Change Call me today if you are t...