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Turkey, parades, football games, favorite side dishes – Thanksgiving Day is an American celebration rich in tradition. A few date back decades while others are being added to the mix each year. Read More
For a third consecutive year, New American Funding has received multiple Stevie® American Business Awards, including a Stevie® gold as “Company of the Year. ”  The prestigious awards annually recognize the achievements of businesses and working professionals throughout the U. Read More
You hear almost every day, especially from millennials and first-time homebuyers, that’s it’s almost impossible to buy a house today.   And while it’s true that wages are struggling to keep up with housing prices, it wasn’t necessarily a picnic for your parents or grandparents either to purchase a house when they were just starting out. Read More
New American Funding, a leader in the mortgage industry, is expanding its Southern California territory with the grand opening of a new location in Indio. The branch, along with the Greater Coachella Valley Chamber of Commerce, will celebrate with a Cinco de Mayo themed ribbon-cutting ceremony on May 3 at 4 PM PST. Read More
Hello everyone and welcome back to the Mortgage Rundown. Today we are going to talk about what’s happening in the capital markets. Read More
As a Loan Officer, helping clients prepare for retirement typically isn’t part of the job. However, you could indirectly make retirement more affordable for many people. Read More
“Location, location, location” has been a phrase that’s been in use since at least 1926, according to The New York Times, but its relevance to homebuyers may be even more important in 2018. That’s because with shrinking inventory and steadily rising housing prices, many homebuyers are finding it harder to move into their “dream” home that fits their budget. Read More
As the inventory of new and existing homes for sale tightens, you can find yourself looking at too many properties within your price range that do not meet your criteria or fighting the urge to step up into a higher price range in hopes of finding the perfect home. Meanwhile, you may have noticed that there are homes languishing on the MLS that seem well priced but are in serious need of updating. Read More
One reason to invest in real estate is asset appreciation. Even if a property has been neglected or abused, it is likely to rise in value. Read More
Today we are going to talk about what’s happening in the capital markets. On March 21st the Federal Reserve met and raised the benchmark rate by 25 basis points. Read More
A sure way of attracting the attention of a seller, especially in a hot housing market, is to make an all-cash offer. After all, it eliminates any suspense about your ability to close the deal. Read More
As you head toward your closing date, one of the most helpful things you can do to prepare for homeownership is to make sure you are properly equipped. With the right tools, you can literally nail this home owning thing on the first try! Tape Measure and Level A tape measure and level will come in handy for centering and leveling shelves, hanging pictures, and installing curtain rods. Read More
As a Real Estate Agent, meeting new people is one of the fun parts of the job. However, when you find yourself in strangers’ homes and in the company of clients you may have only recently met, it can still help to be proactive. Read More
When considering homeownership, one of the most important decisions you'll have to make  is how to handle the down payment. Down payments can be challenging, but they can be doable if you set a goal for yourself. Read More
Any day is a good day to reduce your outstanding balances. This especially true given that most American workers’ take-home pay recently rose as new, lower tax brackets took effect. Read More
The care and attention you show your lawn, flowers, vegetables, or other landscaping plants can draw more than the appreciation of your neighbors. It can also make them quite inviting to hungry rabbits, not to mention deer, field mice, moles, cats, and raccoons. Read More
Hello everyone and welcome back to the Mortgage Rundown. Today we are going to talk about what’s happening in the capital markets. Read More
With the economy strengthening throughout 2017 and general expectations for it to continue to be healthy, it’s believed that the Federal Reserve Bank (Fed) will increase interest rates during 2018. The increases are expected to be small and are being done to bring the overall level of short-term rates back to what is considered by economists as a "neutral position. Read More
While March 23 is National Puppy Day, any day you find yourself looking into a pair of adoring brown eyes and see a wagging tail has the potential for being a day to celebrate puppies. It's just as likely to also be the day you open your home to a new family member. Read More
Hello everyone and welcome back to the Mortgage Rundown. Today we are going to talk once again about what’s happening with interest rates. Read More
SocialSurvey, an online reputation management service, has announced that 16 Loan Officers from New American Funding ranked in the Top 100 Loan Officers for Customer Satisfaction, which is the most representation from any mortgage company in the nation. New American Funding’s Amber Ernst tied for the #1 spot, Johnny Dykes ranked in the Top 10, and New American Funding won the award for Top 10 Large Mortgage Company for Customer Satisfaction. Read More
When it comes to gated communities, clients can harbor a number of misperceptions about the benefits this type of housing offers versus its price. Whether they are sold on the concept or opposed to it, a reality check is likely in order. Read More
Many young adults dream of making the switch from renting to owning a home. When these aspiring homeowners are also your kids, it's only natural to want to help. Read More
As you start prepping to move from your current residence to your new one, include your pets in the process since these family members tend to like familiarity. To minimize their stress levels and maximize their comfort in the face of this big change, here are some things to keep in mind as you make the big move. Read More
Today we are going to talk once again about what’s happening with interest rates. The 10yr Treasury is floating right around 2. Read More
Let’s face it…we all have dirty laundry, literally. Whether it’s something you do weekly—or, for some families, daily—having a dedicated and organized laundry room in your home makes it easier to get the job done. Read More
Whether you are already a homeowner or thinking about buying your first home, the new tax laws—officially known as the Tax Cuts and Jobs Act (TCJA)—will challenge how you think about your home loans, especially your Home Equity Line of Credit (HELOC). What Changed In addition to flatter tax brackets, TCJA eliminates many popular deductions for individual taxpayers, and puts new limits on those that remain. Read More
If you are like many U. S. Read More
After the ink dries on your closing agreement and you test the keys in the lock, it’s time to face the prospect of turning that now empty house into your next home. So, how do you satisfy your champagne decorating tastes on what’s likely to be the diet cola budget you have left? Here are some pointers on how to fill your home with furnishings while holding onto what’s left of your nestegg. Read More
Welcome back to the Mortgage Rundown. Today we are going to talk what’s happening with interest rates. Read More
Ready to get serious about homeownership? Then it’s probably time to start saving for a down payment. While down payments can seem like a challenge, they are really like any other goal you set for yourself, doable. Read More
Did you fall in love with your home at first sight?  For many homebuyers, the first step through the door seals the deal. They just feel right…at home. Read More
Many of us avoid budgets. Maybe it’s the name, or perhaps the assumption that being on one requires giving up the things we want. Read More
Debt is one of those things that can be both hard to live with and hard to live without. Many of us choose the former. Read More
It used to be that the type of home you had determined the type of dog you chose. Today, the reverse is increasingly true. Read More
Whether you are already a homeowner or thinking about buying your first home, the new tax laws—officially known as the Tax Cuts and Jobs Act (TCJA)—will challenge how you think about the cost of homeownership. What the TCJA should not change is the reason you choose to own a home, which is more likely to involve quality-of-life and wealth-accumulation goals rather than your tax bill. Read More
In many parts of the country, potential homebuyers have encountered a low number of homes for sale. According to many real estate analysts, the situation is unlikely to improve any time soon, as more Millennials decide they are ready to make their move into homeownership. Read More
NerdWallet has named New American Funding a two-time winner in its annual Best-Of Awards Program, which highlights the top financial companies and products nationwide for 2018. The consumer finance website selected New American Funding as a Best Mortgage Lender for First-Time Home Buyers with Low Credit Scores and a Best FHA Lender for Borrowers with Nontraditional Credit Histories. Read More
For many of us, the new year comes with resolutions, and getting organized tends to be a popular one. Perhaps not so coincidently, January is also Get Organized Month. Read More

Feeds

New Home Sales, Prices Faded in October

Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) notes that applications for the purchase of new homes declined by 2.1 percent in October compared to the same month in 2017. Those applications were also 11 percent lower than in September. The information, taken from responses to MBA's Builder Application Survey, does not include any adjustment for seasonal patterns. Based on the survey results and other assumptions including about market coverage, MBA estimates that new single-family home sales were at a seasonally adjusted rate of 673,000 in October, an increase of 4.7 percent from the September sales rate of 643,000 units. On an unadjusted basis, the MBA projects 53,000 new home sales occurred during the month, up by 6 percent from 50,000 sales in September. Conventional loan applications accounted...(read more)

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Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row

Posted To: MND NewsWire

The Federal Housing Administration (FHA) said on Thursday that its Mutual Mortgage Insurance Fund (MMI Fund) exceeded its congressionally mandated minimum reserves in FY2018 for the fourth year in a row. In its 2018 Annual Report to Congress the agency said its Capital Reserve Ratio was 2.76 percent at the end of the year, an 0.58 percentage point increase from FY2017. The Economic Net Worth of the fund was $34.8 billion an increase of more than $8 billion from the previous year. The figure is comprised of Total Capital Resources of $49.24 billion and a negative Cash Flow NPV of -$14.38 billion. FHA is required to maintain reserves to cover estimated losses plus a capital cushion of 2.0 percent of all Insurance-in-Force (IFF). This 'Capital Ratio' is calculated by dividing the Fund's Economic...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.