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 Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Homes selling above list prices continued to decline in the second half of 2018 and fell to a three-year low in the month of December. This follows many years where prices progressively sold above their listed price. Zillow reports that 19.4% of homes sold above list price in December, the lowest...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Rather quiet morning, thus far. There's no economic data to report; although, we do have a bit of important data this week (such as Retail Sales). Stocks are Up a little bit this morning on optimism on Negotiations between US/China as representatives gather in B...

By Joe Resendiz, Jr. Research Analyst
(ValuePenguin)
Comments 0
Tax Reduction Strategies for HomeownersNobody likes it when Uncle Sam swoops in and takes a big bite out of your paycheck. This goes double for your home. While there's no way to get around taxes, there are a number of deductions that every homeowner should understand. Depending on the amount of ...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
On this day, February 9th in 1895, the first volleyball game was played at a YMCA in Holyoke, Massachusetts.  The inventor of the game was the YMCA athletic director, William G. Morgan (pictured above) who originally called the game “Mintonette” due to its similarity to badminton.  Many of the me...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“Sorry Dean Martin, Embarrassing ”    Since some of the radio stations decided to pull "Baby it's Cold Outside" from its playlist because someone was offended, I feel that these other holiday songs must also be removed as they are offensive as well. 1. I Saw Mommy Kissing Santa Claus: subjecting ...

By Roy Kelley
(Realty Group Referrals)
Comments 13
Do you have insurance agents in your referral network?  “Referrals to Insurance Agents”     I have not hit my 2015 goal for the amount of referrals I give insurance agents or even the number of referrals I gave out in 2014. In 2014 I gave out 123 referrals and so far this year 116, four short of ...

By Besmove Property, Property Manager
(BESMOVE)
Comments 0
If you looking to invest abroad and then you need to think about the taxes that would apply before you can work out if its a profitable venture. You can use the buy to let tax calculator to simply calculate this for anyone wishing to invest in the overseas in the UK.The property market in London ...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
An often overlooked mortgage underwriting guideline is Cash Reserves (aka Post-Closing Liquidity).  While not all loan programs require Cash Reserves, it is important to know what assets are eligible (and at what percentage).  A good way to visualize Cash Reserves is to determine what is left on ...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
On this day, February 8th in 1910, William D. Boyce (pictured above) a wealthy Chicago publisher incorporated the Boy Scouts of America.  Boyce was a multi-millionaire by the early 1900s and he insisted on looking after the welfare of about 30,000 newspaper delivery boys who were key to his succe...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 1
Mortgage backed securities (MBS) closed up 10 basis points today at 102.16 having closed 85 points above support offered by the 200 day moving average.  The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, ...

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“A Home Inspection is a MUST!”   I promise not to question your recommendations again. Can’t believe I was actually so naïve that we thought a home inspection was not necessary, especially since I am a building contractor. This was one of those times my wife talks about from time to time, that I ...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 2
Higher household incomes in January pushed home purchase sentiment higher during the month, reports Fannie Mae. The Home Purchase Sentiment Index rose 1.2 points to 84.7 last month though it lower by 4.8 points compared with the same time last year.Fannie Mae's report revealed that there was an 8...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 2.21%* CANHOU 06/15/24 [-]   ‌ 10 Year - 2.40% CANHOU 12/15/28 [-]   10 Year - 2.43%* CANHOU 09/15/29 [-] * denotes interpolated rate GoC 5 Year - 1.79% CAN 2.00 09/01/23 [-]   ‌ 10 Year - 1.89% CAN 2.0 06/01/28 [-] GOC Bonds are for reference purposes only Fl...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
    TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.49% Fixed 4 Year 3.94% 3.64% Fixed 5 Year 5.59% 3.49% Fixed 7 Year 5.80% 3.64% Fixed 10 Year 6.10% 3.89% Variable Rate 2.95% Prime Rate 3.95% Benchmark Rate 5.34% Cost p...

By Bob Jablonsky, Helping you resolve your IRS Problems!
(Bob Jablonsky & Associates)
Comments 0
Why Are Tax Transcripts Important When Resolving IRS Debt?When Taxpayers come to me in my tax practice in Richardson, TX seeking relief from tax debt, the most critical place for me to start to understand their problem and how to address it is by Pulling their Tax Transcripts. While the taxpayer ...

By Joyce Thomas, Your Home Sold Guaranteed!
(The Thomas Group Brokered by eXp Realty)
Comments 4
When you bought your home, you expected to be able to pay your mortgage on time, but a job loss, pay cut, divorce, illness, injury or death in the family might have left you unable to cover all your expenses. If you’ve received a dreaded foreclosure notice, you might not want to talk to your lend...

By Trent Dalrymple (248) 854-0625, Allowing Mortgage Professionals to Lend Nationwide
(Texana Bank)
Comments 0
On this day, February 7th in 1893, Elisha Gray (pictured above) patented the telautograph, a machine that could remotely transmit handwriting through a telegraph system.  This device was a precursor to the modern fax machine. Gray was awarded over 70 patents for his inventions, including one for ...

By Mike Bjork
(CMG Financial)
Comments 0
http://MikesDailyMarketReport.com: Another quiet day for the Economic Calendar. Nothing to report today. Next week will be a bit busier. We're winding down on the Q4 Earnings Reports, so we're not having as much effect from them in the Stock Market, as Investors begin toward the US/China Trade Ta...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage backed securities (MBS) closed up 9 basis points today at 102.25 having closed 94 points above support offered by the 200 day moving average.  The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%.  Whether in New England, t...

By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Comments 0
Mortgage rates continued to decline this week and are at the lows seen in April 2018. Freddie Mac reports that the 30-year fixed-rate mortgage fell five basis points to 4.41% with an average 0.40 in points and fees. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates are essentially ...