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 Justin Fitzhugh, Mortgage branch opportunities in 47 states
(Nations Lending Corporation)
Comments 1
Freddie Mac Chief Economist Frank E. Nothaft reviewed predictions made for 2014, and gave a general overview of what we can expect for 2015.    Mortgage Originations It was predicted refinance activity would drop and purchase-money origination would increase. Indeed, 2014 was the first purchase-m...
By Bill Ladewig, Experience Is Your Advantage
Comments 2
MORTGAGE INTEREST RATE LOCK ADVISORY December 19, 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 Point MBS (3.5%) - Currentl...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 79
“How to Handle Someone that Plans on Writing Negative Reviews”   A couple of weeks ago I received a call from someone letting me know they were planning on writing a negative review.   Have you ever heard beware of a dog that doesn’t bark. To me it is the same type of thing. She needed to bark a...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 15
“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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
“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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
“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 36
An article on CNBC this morning entitled, "Self-employed? Good luck getting a mortgage" caught my eye.  Tomorrow I will be doing my first mortgage application with a potential borrower who is self-employed.  I asked the lady to bring the usual items, last 2 years of tax returns, bank statements, ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 62
  “Why Do I Need an Inspection Report?”   I cringe when folks are buying directly from a seller, come to me for a mortgage and review the purchase agreement, there is no home inspection clause and then when I bring up home inspection, they ask why they need one.   I spent over a half hour explain...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
“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 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 Sheri Sperry, (928) 274-7355 ~ MCNE, SRS, CRS, Past-Pres. SLREP
(Re/Max Sedona)
Comments 0
  This is great news for those sellers that have had to go through the short sale process.  Of course each seller will have to do some homework to see if they qualify but it could be a major benefit to take the time to research it.     This article may be very helpful to get the process started. ...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 10
It is being reported by Reuters that the whistleblower who sued Bank of America ("BofA")  for fraud concerning bad loans that were sold by BofA and Countrywide Financial will receive compensation in the amount of $57 million.  The whistleblower, Edward O'Donnell, has actually filed two suits alle...
By Mike Bjork
(American Pacific Mortgage)
Comments 2
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 2
FHA announced yesterday the official expiration of the flip waiver for financing of single family properties being resold within 90 days of the previous acquisition. Mortgages that are made on properties in which sales contracts have been executed after 11:59 PM, December 31, 2014, are not eligib...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 31
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 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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 42
        “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 Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate
(Hallmark Realtors)
Comments 6
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 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...