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Important News: FHA Reduces Mortgage Insurance on FHA loans after January 26th, 2015!

This means that anyone with an FHA loan is paying almost 60% more for mortgage insurance than they need to.  Consumers with FHA mortgages should consider refinancing with a FREE Streamline Refinance.







 

 

 


Attention Homebuyers

 

If you are in the market to purchase a home, stop by our office at 1500 Standiford Ave., Building A for your Free Homebuyers Guide Monday-Friday 8:00 - 5:00.  This guide will give you valuable information that will help you navigate the home buying process and avoid critical mistakes. 















 

 

 


Here is the Latest Mortgage News:














Mortgage News:
 
Mortgage Activity Off Despite Improved Rates
3/28/2015 12:10 AM
Although interest rates improved this past week, new mortgage activity slowed down. One bright spot, however, was jumbo business.....At 203, the U.S. Mortgage Market Index from LoanSifter/Optimal Blue and Mortgage Daily for the week ended March 27 was down 5 percent from the previous report.....The decline, however, appear...Read More
 
Massive Sale of Distressed Loans by Freddie
3/28/2015 12:10 AM
As the secondary mortgage market continues to thaw, the Federal Home Loan Mortgage Corp. unloaded a record amount of distressed loans.....Freddie Mac disclosed Friday that is sold 5,398 deeply delinquent non-performing loans from its investment portfolio through the auction process.....Freddie said the transaction involved three pools: ...Read More
 
Mortgage Firms Take on New Leaders
3/28/2015 12:10 AM
While one of the government-sponsored enterprise snagged a mortgage executive from a big-name financial institution, a young West Coast company recruited several leaders to spearhead a growth spurt. Other appointments include technology, sales and production executives.....This month, Freddie Mac announced Daniel Gardner as its new vice ...Read More
 
FHA Appraisal Delivery Going Digital
3/28/2015 12:10 AM
TMortgagees on government-insured residential loans will have to start using a new electronic portal to deliver appraisal reports next year.....The Federal Housing Administration is implementing the Electronic Appraisal Delivery portal for appraisals on all FHA-insured single-family loans.....As a result, mortgagees and designated third...Read More
 
Chase Eliminating 100s of NY Mortgage Jobs
3/28/2015 12:10 AM
Hundreds of mortgage positions in the state of New York are being eliminated by JPMorgan Chase & Co. While most of the jobs are in servicing, some are related to refinancing.....On Thursday, 350 mortgage employees were formally advised that their jobs are being eliminated. The layoffs will take place in 90 days.....The employee...Read More