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  • Is FHA Home Loan a good option for me?
    Is FHA Home Loan a good option for me?FHA, which stands for the Federal Housing Administration, is a United States government agency which insures home loans for FHA approved lenders.One of the best tips for buying a house is to fully understand all the financing options that are available to them.  As a buyer is […]
  • Mortgage application volume rebounds but refis fall to 18-year low
    Mortgage applications rose due to year-over-year progress in the job market, snapping a two-week skid. It was a 2.5% increase from the week prior, according to the Mortgage Bankers Association.The purchase application volume drove the overall numbers. The seasonally adjusted purchase index increased by 7% from one week earlier, however, it decreased by 15% on […]
  • VA Program Guidelines Update
    The President of the United States signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act. The Act prohibits Ginnie Mae from guaranteeing securities issued on or after May 24, 2018, if such securities are backed by a refinance loan that is guaranteed under the United States Department of Veteran Affairs benefit program […]
  • Recruiting the Best Requires Commitment
    Top originators want companies to keep their promises and to reward good workTurnover in the mortgage industry is high, which leads to a variety of issues for both the employer and mortgage originators. Whether you are working for a large national or international bank or a small local  mort-gage company, people and relationships are vital […]
  • Non-QM a good catch?
    The mortgage industry is seeing a growing demand for non-qualified mortgages. These are typically quality loans that simply fall short of meeting the strict “qualified mortgage” standards set for loans that are purchased and secularized by the government-sponsored enter- prises Fannie Mae and Freddie Mac.The expanding popularity of non-qualified mortgages is a blessing for many borrowers […]
  • Trump’s Budget Would Lift Reverse Mortgage Cap, Bring Changes in ’19
    As per Reverese Mortgage daily.com , Once again, the Trump administration has proposed a permanent end to the cap on the number of reverse mortgages — while also hinting at additional changes to the Home Equity Conversion Mortgage program for fiscal 2019.“The Budget will again propose permanently lifting the cap of 275,000 loan guarantees to […]
  • December 2017 EHS Over Ten Years
    Every month NAR produces existing home sales, median sales prices and inventory figures. The reporting of this data is always based on homes sold the previous month and the data is explained in comparison to the same month a year ago. We also provide a perspective of the market relative to last month, adjusting for […]
  • Mortgage rates jump even higher after positive jobs report
    CNBC recently did an article about some of the changes the US economy has seen over the past few months. According to the report, the good news is Americans are making more money – because they're going to need it, especially people thinking about buying a home.While the just-released January employment report showed job growth […]
  • Money Magazine says Reverse Mortgage is Good Idea
    According to a recent article in Money Magazine, you don’t need fancy financial products to stretch your retirement savings. In fact, most Americans have access to the best retirement income generator around: Social Security, according to a recent report.Researchers at the Stanford Center on Longevity, in collaboration with the Society of Actuaries, analyzed 292 different […]
  • Buyers face rising rates heading into spring housing market
    As per CNBC the 30 year fix rate is rising steadily since the beginning of this year especially this week .Price is up to 6.8 % nationally and close to double digit in some local market. The supply  crisis is a big chunk of that biting words are actually the rule now, but a lot […]