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New American Funding, a national mortgage banker, has been named a winner in nine categories for the 15th annual Stevie American Business Awards?, which is the premier business awards program in the U. S. Read More
Grand Opening Marks Fifth Illinois Location for National Mortgage Banker California-based mortgage lender, New American Funding, is expanding its Midwest region into Naperville, IL. This newest branch marks the second Chicagoland grand opening for the mortgage company in six months. Read More
Do you offer your clients an annual loan review after their mortgages close? Now would be a good time to start. With interest rates forecasted to inch up throughout the year, many clients might benefit from refinancing. Read More
There are many considerations when deciding between renting and buying. Renting may seem like the cheaper option, but that may not necessarily be the case once you look at your possible deductions. Read More
Even with current rate trends, refinancing remains an attractive option for many clients. Rates remain rather low, on a historical basis, and as long as the U. Read More
Moving during childhood is something many of us did as kids. Whether a move is to a bigger home or a school district with more resources or related to a parent’s career or a change in marital status, it can be challenging for children. Read More
Soon the national conversation will turn to the vulnerability of top seeds, the “Sweet Sixteen,” and Cinderella stories. Many of us will pour over our brackets, taking part in March Madness, while the rest will be doing it out of a true love for the game. Read More
If you’re a Millennial and attended college, there is an excellent chance student debt is part of your financial life. Total U. Read More
For 2017, the Pantone Color of the Year is “Greenery. ” The company chooses its annual shade of distinction based on cultural trends, and it singled out “new growth” as this year’s key theme. Read More
In the mortgage world, one area appears ready to take off: Property Assessed Clean Energy (PACE) loans. These loans, which first arrived on the scene in 2008, are gaining traction as a financing tool local governments can use to encourage energy-efficiency and water conservation-related improvements to both residential and commercial properties. Read More
New American Funding announced today that Orange County Business Journal (OCBJ) ranked it one of the top minority-owned businesses headquartered in Orange County. This is the third year in a row that New American Funding made the list, which includes 78 companies ranked according to annual revenue. Read More
While we all know you can’t put a price on love, this Valentine’s Day U. S. Read More
Can your position in the birth order of your siblings—or not having any siblings—influence your money management style and the decisions you make around finance? Numerous academic studies—stretching over several decades—provide support for a link between birth order and money-management skills. It may not be a perfect fit, but it is a statistical one. Read More
In recent decades, owning real estate has provided millions of people with an opportunity to create and retain personal wealth. For most, their home is their largest asset. Read More
While hosting an open house remains a tried-and-true way of connecting with qualified buyers and generating new client leads, results can vary. “An open house is not just about the house, it is an opportunity to grow your sphere of influence and build a stronger farm area. Read More
Whether it’s your nana, who has been coming through with a crisp $20 bill every birthday for years, or your unassuming father-in-law, if you are fortunate to be on the receiving end of help with a down payment, what’s your next move? After the expressions of heartfelt gratitude, it will require some strategy on your part. Next Steps It’s a good problem to have: family members or close friends who want to contribute to your down payment. Read More
If 2017 is the year you plan to make your big move—whether it’s into your first home, trading up to your dream home, adding a vacation home, or starting to accumulate an investment property portfolio—here are 10 resolutions that can help you get that much closer to achieving your goal over the next 12 months. Making Yourself at Home in 2017 Review your credit scores and history, improve their accuracy by addressing any errors, and then look for ways to improve your score. Read More
2017 is around the corner! While it’s a fresh start for the calendar, many of the trends that were already underway in the real estate market in 2016 may carry through to the New Year. Here’s what we see when we peer into the future. Read More
Read more at http://www. newamericanagent. Read More
Once you have spent time finding the home you love, it's important to keep in mind that it will take some time before homeownership is a reality. House hunting begins the journey but the home-buying process is another step-by-step procedure. Read More
Millions of homebuyers in the U. S. Read More
Coming up with enough for a down payment doesn’t have to be a reason to delay the purchase of a home. With over 2,200 down payment assistance programs available across the country—all with the intent of making homeownership more affordable to more buyers—you may be much closer than you think to making a purchase. Read More
Moving into a new home is one of life’s most exciting, unforgettable events. However, once the excitement fades, the maintenance begins. Read More
Whether you’re considering a new career opportunity, desire to be closer to family, or have always wanted to live in a particular city, buying a home out of state is a big move. It may seem like a daunting task at first, but with proper planning and preparation, you’ll soon discover that by taking the right steps, you can simplify the process and turn an overwhelming transition into a well-thought-out, feasible relocation. Read More
New virtual alternatives are drawing attention and business away from professional services in all sorts of industries—from travel and marketing agencies to wealth management and banking. Yet, they haven’t made much of an impact on real estate professionals or their fees. Read More
Once you’ve obtained a preapproval or mortgage commitment letter, typically the lender approves your loan application based on conditions, which means you have to satisfy certain requirements before your loan is fully approved. Usually, those conditions fall into two categories: “prior to documents” conditions and “prior to funding” conditions. Read More
In the past, home buying was typically associated with couples and families. Today, more and more single people, of all ages, are heading into homeownership. Read More
Really, this time the government means it! The Home Affordable Refinance Program® (better known as HARP) will now end Sept. 30, 2017. Read More
Mortgage loans are like power tools: You get the best results by using the right one for the job at hand. For many borrowers that may mean bypassing the conventional route to find the one that fits your budget today and is the least likely to cause financial stress in the future. Read More
The US Presidential election is on November 8th. There are two more FOMC meetings this year, November 2nd and December 14th. Read More
Buying a home is often considered a milestone in life as well as in a relationship. According to the National Association of Realtors, 67 percent of homebuyers were married couples, up from 58 percent five years ago. Read More

Feeds

MBS RECAP: Small Ray of Hope Amid Scary Sell-Off

Posted To: MBS Commentary

Today's sell-off brought 10yr yields to their highest levels since the middle of 2014 (when they were on their way down following the taper tantrum. With this, bonds have weakened substantially for each of the past 3 weeks. That's where the small ray of hope comes in. Because the past 3 weeks of pain in bond markets are NOT acting as a correction to an overly-big rally, and because they're not occurring amid a large-scale adjustment of risk (like the taper tantrum or the presidential election) they're an incredibly rare sight. In fact, apart from those aforementioned conditions, we really don't see more than 3 weeks of this much weakness strung together (once or twice every few years). Although today's afternoon weakness did little to change the overall damage this week...(read more)

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Worst Week Since June for Mortgage Rates

Posted To: Mortgage Rate Watch

Mortgage rates remained at 9-month highs today, with most lenders in worse shape than yesterday. In the morning, the sky hadn't yet fallen, the average lender was right in line with yesterday's 9-month highs, but at least we weren't any worse off than yesterday. Things changed in the afternoon as bond markets weakened abruptly. Many lenders issued negative reprices, thus leaving the average lender noticeably higher than yesterday. Today's weakness makes this the worst week for rates since late June and one of only 3 weeks with as much of a rate spike since 2016. For the third day in a row, I'm repeating the same mantra: any time we're pushing long-term highs, it's a good idea to remain defensive in terms of locking vs floating. The saving grace is that long-term highs typically precede extended...(read more)

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