#david-hughson
Every Field Note tagged #david-hughson. 142 posts · page 6 of 6.
← Back to all Field NotesWhere Does The Current Market Stand and What Does it Mean to Me?
As a Mortgage Planner the number one question I get from people is “how’s the market?”. What people are really wanting to know when they ask that question is “where does the current market stand…
Michael R. says, “I’m Ecstatic!” | Celebration & Testimonial of The GreenHouse Group
Michael R. says “I never thought this day would come” .. “I’m ecstatic!” | Celebration & Testimonial of The GreenHouse Group In his own words he shares that buying his first home wasnt easy at…
Get Ready for Non-QM Loans
Remember the second half of 2013 when we were looking forward to the release of the Qualified Mortgage guidelines in 2014? By “looking forward” I don’t mean to suggest we were wanting it. I mean…
Make Your Own Luck – Attend Our Next Home Buyer Class
Have you ever noticed the luckiest people in this world are also the ones that work the hardest? There are certainly people who are born into very fortunate circumstances and those at the other…
The Return of Adjustable-Rate Mortgages
Memorial Day is in two months. What is significant about that fact? First, it marks one year since we saw interest rates rise. If you remember, as we headed into that Memorial Day weekend of 2013…
No Mortgage Insurance For Those With Less Than 20% Down – Where is Your Mortgage Plan?
No mortgage insurance for those with less than 20% down? Really? Yessir. In a rate-rising environment we are seeing the evolution of lending reveal how lenders are being more creative and…
Why You Should Care About What Interest Rates are Doing Right Now
Why should you care about what interest rates are doing right now? Well, in January of 2014, the Federal Reserve announced it’s decision to begin backing off on its $85 billion per month bond…
VA Loans Are Still The Best
VA loans are still the best financing option out there and in my dozen years as a Mortgage Planner there is no loan I enjoy originating more. Recently, we’ve seen even more enhancements to this…
Slowdown in Mortgage Refinancing is Credit Positive for New Jumbo RMBS
From moodys.com Slowdown in mortgage refinancing is credit positive for new jumbo RMBS. A slowdown stemming from higher interest rates will be credit positive for new jumbo RMBS if it boosts the…
Necessary Evil No Longer – Eliminating Mortgage Insurance
Since the reduction in loan-to-value limits eliminated 2nd mortgages for home buyers with less than 20% down mortgage insurance has been a necessary evil for anyone looking to finance more than…
Conventional Loan Niches
February has started with lower rates than in January. Perhaps fueled by a weak January jobs report. These lower rates mean your purchaser power is about 25k more this month than last month…
Landmark case to make FHA Condo Approval a requirement for Associations?
Landmark case to make FHA Condo Approval a requirement for Associations? There is a case coming out of Ohio that should be of concern to condominium associations that do not seek FHA approval. The…
Qualified Mortgage and Ability to Repay
We’ve been talking about Qualified Mortgage and Ability To Repay for a year and it’s finally here. For this week’s post I wanted to highlight the most important changes to conventional financing…
U.S. postpones 2014 hike in mortgage fees
By Les Christie @CNNMoney Planned fee increases that would have added to the cost of millions of mortgages will be postponed. Currently, borrowers seeking loans backed by Fannie Mae and Freddie…
Big Changes Coming in 2014
It appears that many of the lending predictions and forecasts we’ve read about over the last 3 years finally took root in the second half of 2013. The big one of course was rates rising. I…
FHA Chops Loan Limits in 2014
Posted by Frank & Brian of the NREP FHA loan limits vary in size across the country and they top out at $729,750 in the highest of high cost areas. Come January they are reducing this max loan…
Home Prices Continue to Climb
By Chris Isidore @CNNMoney October 29, 2013: 9:28 AM ET NEW YORK (CNNMoney) Home prices posted the largest annual gain since housing bubble days in August, although the month-over-month gain…
When Does My Mortgage Insurance Cancel?
One by-product of the banking crises and subsequent mortgage meltdown that started in 2007 was the elimination of second lien financing for loan-to-values exceeding 80%. This meant the return of…
Two Things You Must Know About Credit Before You Buy a Home
The Hardest and Easiest Home Loans to Get By: Chris Birk It seems the Great Thaw may be upon us. Credit score requirements have loosened in recent months, a sign that at least some mortgage…
Unintended Consequences
The implementation of the Qualified Mortgage guidelines (aka QM loans) is now two months away and set to begin in January of 2014. According to the CFPB (Consumer Financial Protection Bureau) here…
Eliminating Conventional Financing With 3% Down Means Buyers Will Pay More
Fannie Mae has eliminated the 3% down financing option and now requires a minimum of 5% down. This will push buyers towards FHA loans which will increase their closing costs and monthly payments…
Mortgage Brokers Offer Closing Cost Credits That Banks Don’t
By Kenneth R. Harney – NAMB Government Affairs WASHINGTON — The government shutdown and the debt limit have dominated the headlines, but a behind-the-scenes fight over federal mortgage policy has…
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