The Right Loan For You The Loan Process Apply For a Mortgage Rent vs. Buy Calculator Your Credit Score Contact Us
 

 

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

This means that anyone with an FHA loan is overpaying HUD for mortgage insurance and needs to refinance with a FREE Streamline Refinance.

Anyone paying the higher mortgage insurance rate is throwing money away paying more for insurance that only benefits HUD.  






 

 

 


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:
 
Nearly $400 Million in Distressed Freddie Loans Sold
3/3/2015 10:17 PM
The sale of seriously delinquent non-performing loans by the Federal Home Loan Mortgage Corp. will hardly impact its massive investment portfolio.....The loans were unloaded through an auction on Feb. 6, according to an announcement Tuesday from the McLean, Va.-based secondary lender..... said the transaction, which involved 1,975 "...Read More
 
Strong Multifamily Markets Expected in 2015
3/3/2015 10:17 PM
Commercial mortgage originations for all of last year improved over 2013. In at least the multifamily sector, the momentum is likely to continue this year.....For 2015, Freddie Mac expects to build on 2014 momentum for another strong year in multifamily markets, albeit at a slower pace and with more dispersion across geographic markets.
Read More
 
Reverse Mortgage Originations Off Last Month
3/3/2015 10:17 PM
Lenders in the reverse mortgage sector lost steam last month, as fewer mortgagees participated in the government-insured program.....February saw 4 percent fewer home-equity conversion mortgages endorsed by the Federal Housing Administration than did the previous month.....Compared to the same month last year, FHA mortgagees generated 8...Read More
 
Merger Creates Finance Company Giant
3/3/2015 10:17 PM
Former subprime home lending giants that have since abandoned the mortgage business are merging through an acquisition.....A news release Tuesday from Springleaf Holdings Inc. indicated that OneMain Financial will be acquired by Springleaf Financial from a unit of Citigroup Inc.....Evansville, Ind.-based Springleaf will pay $4.25 b...Read More
 
MTA Rises Again
3/3/2015 10:17 PM
An index that is used to set interest rate changes on some adjustable-rate mortgages has ascended again... ..The MTA, which determines rate and payment adjustments on a small share of ARMs, was 1 basis point higher in February than a month earlier.....Each month since the index fell to an all-time low in October 2014, it has increased f...Read More