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New American Funding, a national mortgage banker, has been named a winner in nine categories for the 15 Read More

Grand Opening Marks Fifth Illinois Location for National Mortgage Banker

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Do you offer your clients an annual loan review after their mortgages close? Now would be a good time to start. 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. 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 “ Read More

In the mortgage world, one area appears ready to take off: Property Assessed Clean Energy (PACE) loans. 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 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. 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.

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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

  1. 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. Read More

Ways to Hurt Your Credit Score 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 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

Really, this time the government means it! The Home Affordable Refinance Program® (better known as HARP) will now end Sept. 30, 2017. 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

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

With the shocking pace at which mortgage rates have continued to fall, Freddie Mac has been in the spotlight quite a bit this past January.

Since the new year began, all eyes have been on the Freddie Mac Primary Mortgage Market Survey, which has shown a drop in mortgage rates for four consecutive weeks. 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

Competition Lowers Credit Standards and Profit Expectations

Posted To: MND NewsWire

Since the fourth quarter of 2016, lenders have increasingly reported to Fannie Mae that they have been loosening their home mortgage credit standards. The company's third quarter 2017 Mortgage Lender Sentiment Survey has those responses at a survey high. Fannie Mae attributes the apparent easing in part to increased competition. Across all loan types - GSE Eligible, Non-GSE Eligible, and Government - the net share of lenders who reported easing rather than tightening credit standards over the prior three months was up, ranging from a net of 12 percent for government loans to 25 percent for GSE eligible loans. Very few lenders said they were tightening standards - between 1 and 3 percent across loan types. When asked about their intentions for the next three months there were similar responses...(read more)

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Housing Market "Funk" Doesn't Reflect Consumer Attitudes

Posted To: MND NewsWire

Home sales might be a bit disappointing, but the National Association of Realtors® (NAR) says consumer attitudes about the economy are not the reason why . NAR's third quarter Housing Opportunities and Market Experience (HOME) survey found increasing confidence among respondents about the direction of the national economy and their own finances. There were also more responses that it was a good time to sell a house, and among renters, that it is a good time to buy. With home prices appreciating rapidly, it is no surprise that the share of homeowners that believe now is a good time to sell is moving higher. A survey high 80 percent of homeowners said this is now a good time to list their home for sale, up from a second quarter total of 75 percent, and 13 percentage points above such responses...(read more)

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