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 David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 3.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.09% FHA 30 year:3.875% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.07% Conventional 15 year:3.125% Credit score:740 LTV:80% Loan Amount:$200k APR:3.32%   Rates are Subject to Change Call me today if you ...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY January 28, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT - NEUTRAL 7-15 Day Close: NEUTRAL 16-30 Day Close: FLOAT MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on 01-22-15: 3.63% - Down 0.03% Rate Price Ba...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 80
“Blogging Your Story, So Others Get to Know You”     Referrals are the lifeblood of my mortgage practice. I never take them for granted. This week I have gotten two referrals from Realtors I have never met or heard of before.   In each case I got a call directly from the clients.  I always ask w...
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.   While 2014’s existing home sales were slightly down, sales in December picked up steam, as did new home construction. Meanwhile, initial jobless claims fell, but not as far as the market had hoped. ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
“Providing Hope to a Home Buyer”   At least a couple of times a week I get calls from folks that have been told by friends or co-workers to contact me. They often need help regarding their credit and many I can help and get them to a point that a mortgage is possible in a few months, others much ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 14
“Long Distance Mortgage Applications”     I am fortunate that I get clients from most states and even out of the country. Many ask how difficult it is to do mortgages without being face to face, the bottom line, there is almost no difference.   My preference is always to be face to face, but bet...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 37
“Who Else do You Know that Needs My Help”   No matter who I talk too, I ask this question. No matter it be someone that just got referred to me, someone I am doing a mortgage application for or someone who I set up an appointment with. You just never know the response you may get, you just might ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 40
“NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees cannot be paid in the mortgage industry. Personally I don’t agree with the policy, but that’s the regulation.   I got a call from a former loan officer, asking if I would consider paying  him a referral fee for ever...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 10
You are no doubt aware that the reduction in the FHA premiums for mortgage insurance went into effect yesterday, 01.26.2015.  There are a number of people with FHA loans that might benefit from refinancing their existing FHA loan into another FHA loan with lower MIP.  As stated in an earlier post...
By Bob Crane, Forestland Experts! 715-204-9663
(Woodland Management Service)
Comments 6
Our professional association strictly prohibits the buying or selling of referrals, and after all the monkey business that I see in the real estate industry, I think that prohibiting this practice is a great idea. “NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees c...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 5
FHA Announces Reduction in Monthly Mortgage Insurance On Friday, December 9, 2015, HUD released Mortgagee Letter 15-01 which announced a 0.50% (50 bps) reduction of the FHA monthly mortgage insurance on most forward mortgages with terms greater than 15 years.  This comes on the heels of months of...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up a whopping 47 basis points today at 103.06 having crashed through and closed above resistance which had been strong at the 102.86 level.  That fact that MBS bonds closed above resistance bodes well for their short term prospectus.  i will look forward to...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 1
As I wrote in my post dated December 14, 2014, entitled "Fannie / Freddie To Make Housing Fund Payments" Mel Watt, Director of the Federal Housing Finance Agency ordered FNMA and FHLMC to make their payments to the Housing Trust Fund and the Capital Magnet Fund as required under the Housing and E...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 2
Stocks were enjoying moderate gains until the FED released its statement after its two day Open Market Committee Meeting today.  Although the FED said that it would remain "patient" when it comes to raising rate and that they would expect inflation to rise toward its target, which we know is 2%. ...
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 Matt Brady, Lending With Competence And Character
(New American Funding)
Comments 0
First-Time Buyers Are Getting More Help Paying For Homes January 28, 2015 Prospective homebuyers having trouble securing mortgage credit through traditional channels might find it comforting to know they're not alone - and that they have other options. Government-program loans, such as those off...
By Tim Hart, Broker
(Bozeman Broker Group)
Comments 1
  According to Realtytrac, nearly 7.3 million people who have had their homes foreclosed on during the recession will once again be able to buy a home in the next 8 years. More than 500,000 foreclosed on homeowners will be eligible for a new home loan this year. In general, homeowners can recove...
By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
Comments 2
Tailwinds Mortgage, shared a post some time ago that still can be used today. There are many useful ideas that can & should be used to further help guide your next real estate transaction. Use these suggestions as a starting point and customize further to your own specific situation. Thanks for ...
By Jack Tenold, Reverse Mortgage Specialist Washington | Oregon | California - refinance & purchase, Reverse Mortgage Specialist
(First Priority Financial NMLS 3257 )
Comments 0
Reverse Mortgage Borrower Checklist Still Good for a short while   You won’t need to provide all of the items on the list below to support your reverse mortgage application but you must act fast.  Reverse Mortgage guidelines are changing March 2, 2015.  The changes may affect your ability to qual...
By Rachel Khoury, Your Wingwoman for Colorado Mortgages
(Tailwinds Mortgage)
Comments 106
     The United States Department of Agriculture has, since 1862, been regarded as the party responsibly for developing and executing government policy on agricultural facets like food and farming.  What slips the minds of most when thinking of the USDA is that the agency is also in the mortgage ...