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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 needs to refinance with a FREE Streamline Refinance as soon as possible!

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:
 
Hotel Loans Out Front of Drop in CMBS Delinquency
3/1/2015 12:46 AM
The rate of late payments on commercial real estate loans that are part of securitizations was lower, and the lodging sector led the improvement.....A 3-basis-point decline in 30-day delinquency from December 2014 was recorded on loans that are part of commercial mortgage-backed securities.....The January 2015 CMBS delinquency rate has ...Read More
 
Pending Home Sales at 17-Month High
3/1/2015 12:46 AM
The number of U.S. residential properties that were under contract in January climbed to the highest level in 17 months -- ending a string of negative reports.....During the first month of this year, the Pending Home Sales Index, an indicator of upcoming home sales that is based on contract signings, was 104.2.....Pending home ...Read More
 
Profile of a Whistleblower
3/1/2015 12:46 AM
A CitiMortgage Inc. executive-turned-whistleblower has been featured in the New York Times, interviewed on 60 Minutes and currently lectures college students about related legislation... ..Richard Bowen was promoted to the role of chief underwriter at the home lender nine years ago. He earned $170,000 annually.....At t...Read More
 
Nationstar Shares Down as Earnings Fall Short
3/1/2015 12:46 AM
A mark-to-market adjustment on mortgage servicing rights and a decline in servicing earnings had shares of Nationstar Mortgage Holdings Inc. down nearly 14 percent Thursday.....Net income at the Dallas-based company was 21 cents per share in the three months ended Dec. 31, 2014.....While income swung from a quarterly loss a year earlie...Read More
 
Mortgage Lenders Navigate Discrimination Lawsuits
3/1/2015 12:46 AM
A decision is expected this summer from the nation"s top court in a disparate impact case. Other activity in discrimination-related litigation includes an unsuccessful attempt at mediation and more routine court matters.....The U.S. Supreme Court heard oral argument on Jan. 21 in Texas Department of Housing and Community Affairs v. The ...Read More