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 38
        “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 Susan Haughton, Your Client-centric Alexandria VA REALTOR
(Long & Foster REALTORS (703) 470-4545)
Comments 81
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 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 19
“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 21
“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 Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 3
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 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 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, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, 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...
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 Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY December 17, 2014, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT 7-15 Day Close: FLOAT 16-30 Day Close: FLOAT MORTGAGE MARKET INDICATORS   FHLMC Weekly Average:30-Yr FRM, on 12-11-14: 3.93% - UP 0.04 MBS (3.5%) - Currently, ...
By Reshawna Leaven, Hoping to be your next Realtor ® in VA, MD or DC
(Keller Williams Realty)
Comments 0
As 2015 approaches, it's important to learn this upcoming year's new regulations from the Consumer Finance Protection Bureau with regards to Closing Disclosures and timelines.   In short, if the Closing Disclosure is not presented in a timely and accurate fashion. The real estate deal WILL NOT cl...
By Mike Tizzano, Protect Your Transaction Certified Lender
(Amerifirst Financial, Inc NMLS 145368 LO:1015837)
Comments 2
Hey let's face it, I'm a loan officer.  Of course in an unrealistic dream world all of my borrowers would be high wage W2 earners with 810 FICO scores taking half million dollar loans.  Wow, wouldn't that make life easy.  I think anyone in our business would love that.  Here in the real world I d...
By Mike Tizzano, Protect Your Transaction Certified Lender
(Amerifirst Financial, Inc NMLS 145368 LO:1015837)
Comments 2
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 Edward Gomez, Credit Score Boost USA
( Credit Score Boost - USA Credit Solutions)
Comments 0
HERE IS HOW WE ARE BETTER   1) We have a FDIC Bank not a finance company 2) Offered in alll 50 states 3) Major unsecured account reporting to all 3 bureaus 4) Affordable price for the value you receive 5) Our customes are able to qualify for a new home loan, auto loan, or achive their goal 6) Sav...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 2
A leading housing economist has expressed concern over the new(?) 3% Down Payment loan products that have been introduced by Fannie Mae and Freddie Mac.  Robert Shiller, in an interview with CNBC as reported in National Mortgage Professional Magazine, indicated that the new products introduced re...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed down 25 basis points today at 104.12 having fallen through support offered at the 104.34 level.  MBS bonds did well most of the day as stocks rallied on Janet Yellen's news conference after the close of the Fed meeting.  She said that rates would remain low...
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.  ...