13
FEB
2017
mixed-signals-messages-consumer-confidence-red-light-green-light

Consumer Confidence Index Sends Mixed Signals

The Consumer Confidence Index, as measured and reported by the Conference Board of New York, slipped slightly in January after hitting a record high in December. This may be somewhat due to consumers settling in after the November elections. Although the Expectations Index fell...
10
FEB
2017
veterans-administration-home-loan-program-salute

Serving Those Who Protected and Served Our Country

Here’s a great opportunity to help someone; while helping yourself. With all of the military actions over the past several years, there are now millions of veterans who are in need of home financing. Many of these vets are blocked from traditional conventional loan programs due...
09
FEB
2017
one-stop-shop-redfin-motto-mortgage

Another One Stop Shop | Could this be the Future?

Remax announced the creation of Motto Mortgage as a franchise based mortgage lending operation to be offered to Remax Real Estate franchise owners. I wrote about this in my blog of January 18, 2017. (New Twist) Now, here comes another Real Estate Brokerage offering their home...
08
FEB
2017
Dodd-Frank-matter-of-choice

Repeal of Dodd-Frank | A Matter of CHOICE

There’s been much speculation surrounding President Trump’s Executive Order calling for the review of Dodd-Frank. This could include anything from amendments to the rule, the elimination of the CFPB, to an outright repeal of the Act. No one really knows for sure exactly what will...
07
FEB
2017
Dodd-Frank-Act-of-Congress

Dodd-Frank Reform. Real or More Trump Change?

The headline read: “President Trump Signs Order to Start Dismantling Dodd-Frank.” Say what? Dodd-Frank is a law passed by Congress. To dismantle it, as reported, would take an Act of Congress as well. This is not something that can be changed by any President with the stroke of a...
06
FEB
2017
Super-bowl-LI-end-of -regulation-score-Patriots-falcons-somebody-has-to-lose

Healthy Jobs Report: Good News for America

It probably doesn’t mean much to the Atlanta Falcons at this point, but the new year is off to a strong start, at least as far as jobs are concerned. According to the most recent stats from the US Bureau of Labor, jobs are up, particularly in construction. This is 76 straight...
03
FEB
2017
FED-Holds-mortgage-rates-steady-janet-yellin

Fed Stands Pat and Mortgage Rates Hold Steady

According to the Fed, due to weaker than expected gross domestic product returns, the Fed rate will remain unchanged. In other words, because they don’t see what they would like to see, rather than increase rates, they decided to tap the brakes and evaluate the situation. Umm,...
02
FEB
2017
President-Trump-suspends-FHA-premium-rate-cut-mortgage-apps-decline-trump-on-tv-Fox-news

Trump Causes Drop in Mortgage Applications

Mortgage applications declined in last week by 3.2%, an 18% decline from the same period last year. According to some reporters, this decline is the direct result of President Trump’s decision to suspend the FHA annual premium rate cut announced by FHA just prior to his...
01
FEB
2017
Return-To-Yesteryear-Arrow-Right

The Return To Yesteryear?

With a new Administration comes a new look at housing and homeownership. Homeownership rates have been on the decline since the housing crash of 2008. To get them back on track, it may be time for some changes. The stigma associated with mortgage lenders is fading. Taxpayers and...
31
JAN
2017
34th-regional-conferenece-of-mbas-Harrahs-atlantic-city-convention-center

Looking for Ways to Increase Production?

Who isn’t? With the forecast for rising mortgage rates, limited home supply and fewer refinances, mortgage lenders and banks will be fighting to grab a bigger piece of a shrinking pie. Although 2017 is forecast to be a pretty good year for home purchase financing, with so many...