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 @GreaterHomeLoans with the hashtag #ROMtellmeabout

 

Thanks for checking us out!

Mortgage lenders are easing credit standards because demand is slowing

Photo Source: www.ca.gov

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?

Photo Source: https://www.consumerfinance.gov/

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.

Will Fed rate hikes trigger a recession in 2018?

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…

Jeb Hensarling tells bankers ending Fannie and Freddie is still the best path forward

Photo Source: Hud.gov

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!

Could The Housing Market Meltdown Happen Again?

Photo Source: www.hud.gov

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 Applicants Prefer Loan Officers to Online Forms

Photo Source: https://portal.hud.gov/

While the majority of prospective homebuyers do their mortgage research online, they prefer to handle their applications in the presence of a loan officer.
According to a new survey of nearly 2,000 adults conducted on behalf of the American Bankers Association (ABA), 60 percent of Americans stated that that while they use the Internet to research their home loans….
Greater Home Loans shares another great article with you San Diego…..READ MORE!

Mortgage Loan Credit Risk Rose in Q1

Photo Source: https://www.consumerfinance.gov

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!

Former Army Sergeant and family receive mortgage free home in Lee’s Summit

Photo Source: http://www.benefits.va.gov/homeloans/

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!

Financial CHOICE Act would slash deficit by billions – CBO

Photo Source: hud.gov

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!

Trump announces new head for lender regulator.

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!

Can Hispanic homeownership finally boom under the Trump administration?

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!

The Rich Are Getting More Mortgages. The Poor Are Getting More Car Loans.

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!

Are local housing’s price gains real? Appraisers seem to think so

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

Need a Giant Mortgage? Here’s What You Should Know

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!

4 Signs Your Mortgage Payment is About To Go Up

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.

5 Upsides To An HECM Reverse Mortgage

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

Jumbo Mortgages Play Larger Role at U.S. Bank

Learn why lenders are more attracted to jumbo mortgages and what that means in the picture

Why Brexit is great news for U.S. homebuyers

Learn how Brexit will get you that much closer to buying your dream home!

When Is The “Perfect” Time To Lock Your Mortgage Rate?

Is one time better than the other? What is the best time for you?

Reverse Mortgages Aren’t For Everyone

Reverse Mortgages can be great, but are they the best option for you?

Mortgage applications jump 9.3% as rates fall

With rates so low there has been an increase mortgage applications and those choosing to refinance!

Four Ways to Purchase a House With a Reverse Mortgage

Learn all about HECM and how you can use it to your advantage

Developer pleads guilty in mortgage fraud case

Man accused of defrauding lenders with misleading information pleads guilty

Before you take on that home improvement project…

Find out if redoing your home is the best choice for you!

You don’t need a stellar credit score to qualify for a mortgage

Learn where to target your mortgage application when your credit score is less than stellar

5 Warning Signs Of A Mortgage Relief Scam

Learn these signs so that you do not become a victim of a mortgage relief scam!

New FHA Student loan guidelines make it tougher to get a mortgage

Learn how student loans affect your ability to buy a home!

Mortgage Rates Plummet to a Three-Year Low

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!

Senators Considering Breaking Fannie-Freddie Into Pieces, Sources Say

Photo Source: http://www.ca.gov/

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….

Housing industry calls for change in CFPB leadership structure

Photo Source: https://www.consumerfinance.gov/

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.

Lenders move into no-downpayment territory

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…

Inventory slump at near-4-year high as rental homes rise

Photo Source: Hud.gov

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

Feds indict “mastermind” of foreclosure scam that bilked $7 million from struggling borrowers

Photo Source: https://www.justice.gov/ag

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 calls for removal of 12 Wells Fargo board members

Photo Source: www.congress.gov

  • 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!

Here’s the Fed’s plan to unwind its massive $4.5 trillion balance sheet

Photo Source: https://www.whitehouse.gov/

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!

Undocumented immigrants keep new home prices low — but not in California

Photo Source: http://ca.gov/

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!

Trump to urge finance curbs

Photo Source: https://www.sandiego.gov/doing-business

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!

Reverse Mortgage Endorsements Trickling Downward, Still at Post-FA Highs

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!

Home prices up almost 7% in April CoreLogic says

Home prices across the US including distressed sales were up 6.9% year-over-year in April according to the latest CoreLogic Home Price Index.

Greater Home Loans wants to share this article with you San Diego…..READ MORE!

Existing-home sales poised for decade high this year

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…

10 Mortgage Numbers You’ll Be Glad You Know

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!

Brothers get prison for multi-million-dollar mortgage scam

Former San Diego real estate brokers gets penalized for their role in mortgage scam

How the refinancing boom could hit banks, investors

Learn all about the ramifications of the refinancing boom and how it could affect you!

Reverse mortgages have improved, but buyer still must beware

Reverse mortgages can be great but this article tells you what you need to be cautious about!

Mortgage refinances jump 21% on near record low rates

Learn what is causing this jump in applications and if the fed is doing anything about it!

CFPB Must Address Lenders’ HMDA Data Privacy Concerns

Learn about the privacy concerns that need addressing and what the CFPB should do about them

5 Most Common Questions About Mortgages – Answered

The mortgage process can be confusing but this article helps clear up some of your questions!

Mortgage Rates: How Low Can They Go?

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

Bay Area consumers alerted to outbreak of hackers stealing mortgage funds

Learn all about the scams that hackers are doing so you know how to avoid them!

Why A 30-Year Mortgage May Leave Buyers House Poor

Learn how interest rates differ between mortgage lengths and what that can mean for you!

Is There Really Any Difference Between Mortgage Lenders?

What are the differences between lenders and do they actually matter?

5 things to know about mortgage insurance

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!

Mortgage Rates: Down For First Time In Four Weeks

Learn about the dropping rates and what that means for you!

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