In Other News…….
Greater Home Loans realizes that the mortgage industry is constantly changes. It is exciting and boring; interesting and dull; lawful and not and much much more. While we try to cover as much on our blog as we can, there is so much more information out there! In order to help fill in the gaps we like to share articles that intrigue us.
Below are articles that we found have to be useful for our readers and also just great information for anyone that has a mortgage or is looking to get one.
While we do our best to find topics that are helpful we might miss one that perks your interest. If you have a mortgage topic that you would like to know more about tweet us @ with the hashtag #ROMtellmeabout reaterHomeLoans
Thanks for checking us out!
Here’s another piece of an incomplete behind-the-scenes puzzle of the housing market that has surged to new record highs. Fannie Mae — one of the Government Sponsored Enterprises (GSE) that guarantee eligible mortgages and package them into mortgage-backed securities that are then sold to institutional investors — had some disconcerting words…
Greater Home Loans sees a pattern this month California Home Owners should be aware of … READ MORE.
Is Now the Best Time to Sell a House?
Seventy-one percent of homeowners think now is a good time to sell, according to the latest quarterly Housing Opportunity and Market Experience report from the National Association of Realtors (NAR). The level of optimism is higher than the 69 percent recorded in the previous quarter and the 61 percent recorded one year earlier.
Greater Home Loans thinks it’s time to take advantage of the optimism San Diego … READ MORE.
What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.
From Freddie Mac’s weekly survey: The 30-year fixed rate averaged 3.90 percent, improving 1 basis point from last week’s 3.91 percent. Ditto for the 15-year fixed that averaged 3.17 percent, one basis point better than last week’s 3.16 percent. Thirty-year fixed rates have hovered at or below 4 percent for the past 10 weeks.
Greater Home Loans found another article for California to READ MORE about…
Texas Republican Rep. Jeb Hensarling told a conference of mortgage bankers Wednesday his 2013 bill that would have ended Fannie Mae and Freddie Mac still remains the best path forward for reform of the housing finance market
Greater Home Loans wants California to prep for this … READ MORE!
You’d be forgiven for thinking that all is right with the housing market these days. With prices and sales both soaring nationally, the housing panic of 2007 seems like an all-but-forgotten nightmare. But it’s still very much with us …
Greater Home Loans hopes you read this fine article San Diego … READ MORE!
Mortgage loans originated in the first quarter of 2017 were slightly riskier than new loans made in the first quarter of 2016. The data were released Tuesday morning by property information and research firm CoreLogic in the company’s quarterly report dedicated to its housing credit index (HCI).
Greater Home Loans brings California another great article … READ MORE!
Army Sergeant Oscar Smith and his family are now calling Lee’s Summit home after receiving a gift of a lifetime – a mortgage-free home in honor of his service.
Smith, along with his wife and five kids, arrived on Tuesday to see their new home for the first time.
Greater Home Loans wants to share this heart-warming story with you San Diego … READ MORE!
Bad news for Democratic lawmakers who revile the Financial CHOICE Act: the Congressional Budget Office believes it will reduce the deficit. In fact, according to a recent CBO analysis, the act would reduce the deficit even more than originally thought.
Greater Home Loans would like to share this with you San Diego, California……..READ MORE!
Joseph Otting, a former lieutenant of Treasury Secretary Steven Mnuchin’s at OneWest Bank, has been tapped to lead a U.S. regulator that oversees more than 1,000 lenders — including Wall Street giants.
Greater Home Loans wants to share this article with you San Diego….. read more!
The tension between the Hispanic population and the new administration is reaching its boiling point. And yet, President Donald Trump’s initiatives could be the best thing that could happen for Hispanics working toward homeownership.
Greater Home Loans wants to share this article with you San Diego….. read more!
On Wednesday, the New York Fed confirmed that Americans had finally reached a symbolic marker of recovery from the Great Recession: a new record for household debt.
Greater Home Loans would like to share this with you San Diego……read more!
Real estate appraisers are the industry’s professional party poopers.
They’re paid to keep an eye on valuations so buyers, lenders like ROM Consultants in San Diego – and even sellers – know a home price is within logical boundaries. If appraisers get skittish about the housing
If you are in the market to buy a new home you’ll need to learn about what constitutes as a giant mortgage and what it takes to get one!
In the world of economics it is always important to be proactive! Recognizing the signs of financial change is an important skill to have. Learn about what you should pay attention to about your mortgage payment so you can stay ahead.
When making financial decisions it is important to weigh the the costs and benefits. This article helps you get your facts straight by detailing the benefits of an HECM reverse mortgage
Learn why lenders are more attracted to jumbo mortgages and what that means in the picture
Learn how Brexit will get you that much closer to buying your dream home!
Is one time better than the other? What is the best time for you?
Reverse Mortgages can be great, but are they the best option for you?
With rates so low there has been an increase mortgage applications and those choosing to refinance!
Learn all about HECM and how you can use it to your advantage
Man accused of defrauding lenders with misleading information pleads guilty
Find out if redoing your home is the best choice for you!
Learn where to target your mortgage application when your credit score is less than stellar
Learn these signs so that you do not become a victim of a mortgage relief scam!
Learn how student loans affect your ability to buy a home!
Find out all about the low mortgage rates!
He’s Only 21, and He Built a Mortgage-Free Tiny House. Wait Until You See Inside!
Check out this adorable mortgage free home!
Two U.S. senators working on a bipartisan overhaul of Fannie Mae and Freddie Mac are seriously considering a plan that would break up the mortgage-finance giants, according to people with knowledge of the matter.
Greater Home Loans thinks California should READ THIS….
Trade organizations from the property finance sector have petitioned Congress to enact reforms in the leadership structure of the Consumer Financial Protection Bureau (CFPB).
Greater Home Loans wonders how this will impact the mortgage future…READ MORE… San Diego.
Are zero-downpayment loan programs making a comeback? The national lender Movement Mortgage rolled out a mortgage in June that requires borrowers to put nothing down, drawing the attention from a nationally syndicated column and creating much buzz in the industry that zero-down mortgages were back.
Greater Home Loans thinks you should READ MORE about this San Diego…
The number of homes available for sale in the US has slumped by the fastest pace in almost 4 years.
Zillow says there are 9% fewer homes on the market now than a year ago …
Greater Home Loans brings San Diego this interesting article … READ MORE HERE
A California man stands accused of leading a foreclosure-avoidance scam that preyed on struggling borrowers to the tune of $7 million in ill-gotten gains.
According to the U.S. Attorney’s Office for the Central District of California, Michael “Mickey” Henschel was arrested last week and charged with 11 counts related to the foreclosure scam.
Greater Home Loans found another great article San Diego .. READ MORE!
- Sen. Elizabeth Warren is calling on Fed Chair Janet Yellen to remove the 12 board board members at Wells who presided during the bank’s fake accounts scandal.
Greater Home Loans would like to share this article with you San Diego, California … READ MORE!
During the financial crisis, the Federal Reserve built up a store of roughly $4.5 trillion in Treasuries and other assets, like mortgage-backed securities, on its balance sheet.
Greater Home Loans wants to share this article with you San Diego…..ENJOY!
California immigration laws impact the housing market in many ways, most prominently as they add to or detract from the population of homeowners and renters in the state. These laws have another less studied effect on the housing market: the cost of new home construction.
Greater Home Loans wants to share this article with you San Diego … READ MORE!
The Trump administration will recommend limits on the U.S. consumer-finance regulator and a reassessment of a broad range of banking rules in a report to be released as early as Monday, according to people familiar with the matter.
The report from the Treasury Department, drafted in response to a February executive order from President Donald Trump, is less sweeping than financial legislation approved by the House of Representatives last week, these people said.
Greater Home Loans wants to share this article with you San Diego……….READ MORE HERE!
Home Equity Conversion Mortgage endorsements fell by 3.6% from April to May, according to the latest data from Reverse Market Insight.
The Dana Point, Calif.-based research firm counted 4,854 reverse mortgage endorsements among Federal Housing Administration-approved lenders last month, down from 5,036 in April and March’s recent record high of 5,364.
Greater Home Loans brings you this article from….READ MORE!
Existing-home sales are poised to see their best year in a decade, but low supply and affordability still threaten to keep the home ownership rate down, according to the National Association of Realtors.
Greater Home Loans would like to share this with you San Diego…
Getting a Mortgage is all about the numbers! While the numbers can seem overwhelming at times it helps to break down the information. Here are some mortgage numbers that will help further your mortgage understanding!
Former San Diego real estate brokers gets penalized for their role in mortgage scam
Learn all about the ramifications of the refinancing boom and how it could affect you!
Reverse mortgages can be great but this article tells you what you need to be cautious about!
Learn what is causing this jump in applications and if the fed is doing anything about it!
Learn about the privacy concerns that need addressing and what the CFPB should do about them
The mortgage process can be confusing but this article helps clear up some of your questions!
Mortgage rates have remained low and in the wake of Brexit we must ask how low can they go?
Refinance Options When You Lose Income, Experience A Financial Setback
How to get a step ahead of the economic hard times
Learn all about the scams that hackers are doing so you know how to avoid them!
Learn how interest rates differ between mortgage lengths and what that can mean for you!
What are the differences between lenders and do they actually matter?
Learn about what mortgage insurance is and all the aspects you should know about it!
Capture the Glory of the Summer of ’16 and Lock in the Low Mortgage Rates
Learn about the low rates and how you can take advantage!
Learn about the dropping rates and what that means for you!
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