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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 57
“I Always Ask, How Long Do You Plan on Keeping the Home You Want to Purchase?”   Very few prospective home buyers would ever think about anything but a 30 or 15 year fixed rate loan. But its not always the right answer for many that don’t plan on being in the home for more than 5 years.   The 30 ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY November 26, 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 Very interesting news mix Thanksgiving Eve. Personal Spending and Initial Jobless Claims are positive for Rates. D...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 12
“Lenders that are Offering Loan Products for Borrowers with Less than Perfect Credit”   I am always asking my lenders that are offering loans for my clients that have less than perfect credit how these loans are doing. I always want to make sure that our judgment to get these loans done are made ...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 6
Tighter underwriting standards will become effective on March 2, 2015 for Home Equity Conversion Mortgages ("HECM") insured by the Federal Housing Administration ("FHA").  FHA made this announcement last week according to an article by Ken Harney in the Hartford (CT) Courant and various other new...
By Whitney Watson
(First Home Mortgage)
Comments 47
My three-year-old daughter has a coin purse her Pop gave to her complete with $2.50.  She calls this money her “tickets.”  One time I was driving on the expressway and my E-Zpass was not in my car as my husband had borrowed it.  I needed 75 cents and I had no cash.  It took some major convincing,...
By Jason E. Gordon, Residential Mortgage Specialist, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
We have had a huge batch of economic data released today ahead of the Thanksgiving holiday, but so far the reports have had little impact on Mortgage Backed Securities. Durable Orders & Jobless Claims both came in higher than expected, while Personal Income, Chicago PMI, New Home Sales Index, and...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 1
According to an article published on Bloomberg News  people who are moonlighting with second jobs to qualify for mortgage loans are being adversely impacted by the Ability to Repay ("ATR") rule adopted by the Consumer Finance Protection Bureau ("CFPB").  The ATR rule became effective this past Ja...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 8
Condominiums Spent Budgeted Reserve Contributions Elsewhere In recent months while assisting condominiums to get certified and recertified with FHA, we are running into an issue that is a fairly simple one to avoid.  We make it a point to remind our clients to contribute at least 10% of the budge...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Stock futures were nearly flat today in anticipation of light trading as things slowed down for the long weekend ahead.  both spending and inflation were low in the most readings despite the decent numbers reported for the GDP this week.  U.S. markets managed just slight improvement.  The Dow clo...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 13.96 having remained above support offered at the 103.84 level.  With traders taking early exits for turkey tasting, fixed income and equity markets were pretty calm today.  The weekly numbers for initial jobless claims came in h...
By Nick Smith, Boise Idaho Real Estate, We Love Boise
(Silvercreek Realty Group)
Comments 1
Action Ending Boise, Idaho Mortgage Turndowns via Credit Report For anyone who has looked into to buying a Boise Idaho home several times—but kept getting discouraged every time because of a negative credit report—read on! You probably already know that you are not alone—but so what?—it’s small c...
By Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
There was a cornucopia of economic data that hit the wires this morning that covered a broad base of the U.S. economy. The Commerce Department reported that New Home Sales in October rose by 0.7% from September to an annual rate of 458,000 units. September was revised lower to 455,000 from 467,00...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
People have the impulse to finish their mortgage payment at a faster pace than they need to. This is understandable, especially these days but it is really not necessary. This year has seen interest rates falling to near historic lows. Now it is possible to still afford paying the monthly even af...
By Whitney Watson
(First Home Mortgage)
Comments 9
Buying your first home probably seemed complicated and overwhelming, but transitioning from your first home to your second home can be lot more difficult without the proper guidance. When you purchased your first home, you were renting a house or an apartment.  Even if you had a lease that had no...
By Kevin Kueneke, San Diego Mortgage Banker
(Samuel Scott Financial Group San Diego)
Comments 0
San Diego High Balance Conforming Loan Limits Increasing for 2015  The Federal Housing Finance Agency (FHFA), which sets the loan limits for loans purchased by Fannie Mae (FNMA) and Freddie Mac (FHLMC), announced today that the San Diego High Balance Conforming Loan Limit is increasing from $546,...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 4
The Federal Housing Finance Agency ("FHFA") has released its annual report to Congress and there are a couple of interesting bits of information that are revealed about the guaranty fees ("G-fees") that are collected by FNMA and FHLMC for the guarantees that they issue in connection with mortgage...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
Economic News in Review Greenville SC Here is last week’s Economic News in Review Greenville SC.   Existing home sales picked up the pace, while growth in construction permits stoked optimism for increased home inventory, and lay-offs continued to remain at very low levels. Existing Home Sales Sa...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY November 25, 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: LOCK 2nd QTR GDP has been revised from 3.5% to 3.9%, the market was expecting 3.3% This is negative for pricing and shou...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 15
“I’m Connected, that HAS Always been Part of My Value Proposition”   Good morning Joe, It will be three years since Dave and I refinanced our mortgage through you.  I have a general question.  In the spring we may try to sell our house and look to buy in North Carolina and I wondered if we could ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 1
Stocks closed in a mixed market today as traders begin to drift from their desks in anticipation of the long Thanksgiving weekend.  Despite the fact that the third quarter GDP came in well above the market prediction, stocks barely moved during the session.  We will see if there is any positive r...