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 0
Connecticut Housing Finance Authority It has been said that the one constant in life is that things are always changing.  In order to provide the highest quality of service, it is imperative that I read and learn and go to trainings as much as possible. Recently, I attended a training put on by T...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 1
FHA Condo Approval Specialists – Update on Investor Ownership   In Mortgagee Letter 2012-18, HUD issued new guidance for condominium processing and approvals regarding a number of criteria. One such modification was to that of Investor Ownership for Existing and Non-Gut Rehabilitation projects. F...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 2
FHA Condo Approval Specialists – Update on Non-Residential Space   In Mortgagee Letter 2012-18, HUD issued new guidance for condominium processing and approvals regarding a number of criteria.   One such modification pertains to non-residential (commercial) space located within a condominium proj...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 9
All You Need to Know About FHA “Site Condos” Site Condos in Suffield, CT One of the most common inquiries I receive about FHA condo approvals is about “site condos”.  The primary reason for this is that FHA treats detached condominium projects that meet certain criteria differently than attached ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 35
I read an article this past month in National Mortgage News titled "Underused VA Mortgage Program Makes Inroads" by Brian Collins.  The article contain a statistic I found interesting, it stated "Of the 16.4 million active duty service members and military veterans with mortgages, ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 26
  Redfin published a report last month titled "What's Up with the Flipping Market?!" which shows Price Gains On Flipped Properties Are On The Rise the last couple of years.  The report shows "House flippers grossed more than ever in 2013, an average of $90,200 per home", a...
By Bill Ladewig, Your FHA Guru - Closing Home Homes Since 1970
Comments 2
MORTGAGE INTEREST RATE LOCK ADVISORY July 11, 2014 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT The price for 3.50% Mortgage Loans based on MBS is currently Down 0.19 point. Close Mortgage Interest Rate Lock or Float Ad...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 7
  Or, another view. . . . . Greg Nino writes:  The fact you didn't get that job transfer won't matter. You're still obligated to "perform." On the other hand, an experienced agent is going to protect a home buyer with a financing clause that protects their buyer in case of &...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 14
One of the few Mortgage Programs implemented during the Obama Administration which has had some success is the  Home Affordable Modification Program (HAMP).  The HAMP program was initially unveiled in 2009, and was set to expire at the end of last year, however, the Federal Housing Finance Agency...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 3
Does Our Condominium Project Qualify for an FHA Approval? Before we begin processing an application for an FHA condo approval, we request that a prequalification questionnaire be completed.  This will rule out the easy-to-spot reasons that would result in rejection.  It will also provide some ins...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 24
“Politics Be Damned”   It is actually sickening to listen to anything that goes on in Washington. It doesn’t matter what political party.   What is going on along the Southern border of this country is criminal and I don’t see a willingness to fix the problem, first by securing our borders. All c...
By Sandra Paulow, REALTOR, Associate Broker, GRI, SFR
(Aspen Properties, Inc. )
Comments 3
    Buyers see lending requirements as an invasion of privacy, and it is!  I wrote a blog post a couple of weeks ago about lending issues and this is a follow up to that post.  I am convinced that many of the problems we run in to with lending is the overwhelming documentation that lenders requi...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 93
As a Loan Originator four words I do not like to hear are The Property Under Appraised.  I am lucky I have not heard these words much in the last couple of years.  One major reason why I have not heard these words much, is because most of the Realtors I work with are excellent at what they do.  T...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 14
“Denied Loan Brings Two Referrals”   I received a call from a loan officer at a local bank a couple of months ago, while driving home from my office. He told me these clients were good customers of the bank, but because of the bank’s restrictive lending policies, they couldn’t do the loan and wou...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 11
“Sometimes Referrals Just Aren’t Meant to Be”   I got a call from a real estate agent (or at least he said he was). He indicated that he was from NYC and he had been referred by someone. He couldn’t remember the name, but told me that the person sold real estate. I always want to thank the person...
By PrimeLending, A PlainsCapital Company
Comments 0
National Stregnth, Local Expertise   • Licensed to originate loans in all 50 states; nearly 300 locations across the nation• Mortgage-only expert solely focused on closing home loans• FAST underwriting and loan closings• Underwriting is not sent to an investor who could possibly delay closings• M...
By Barbara Gregus, Sandia Park Paa-ko Homes
(CARES Consumer Advantage Real Estate Services)
Comments 1
Albuquerque Foreclosure Properties Why the Right Loan Product Matters by Barbara Gregus Consumer Advantage Real Estate Services, LLC   505-559-4480  barbara@caresabq.com   When purchasing Albuquerque foreclosure properties, it is critical to use the right loan product.  Albuquerque listing broker...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 10
“Educating My Tenants to Become Homeowners”   I speak with every prospective tenant that is interested in renting from me. After reviewing credit and income, a conversation is a must. The conversation always ends up with a discussion on future home ownership, which will normally surprise most peo...
By Jason E. Gordon, Residential Mortgage Specialist, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
Amidst banking problems in Portugal and violence in Israel, investors are again favoring safer assets this morning.   The market has opened roughly 0.125 BETTER for the Points/Credits associated with any given interest rate option. This daily mortgage interest rate report is designed to provide B...
By Justin Fitzhugh, Mortgage branch opportunities in 44 states
(Nations Lending Corporation)
Comments 1
Earlie this month, HUD proposed regulation changes that aim to eliminate early mortgage payment interest charges. If enacted, these rule changes will prohibit interest accrual on prepayments of all FHA-insured mortgages. As of now, these charges are not considered prepayment penalties, but this w...