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American Dream Originators Deliver Financial Strategies to Borrowers

Every mortgage originator at American Dream Mortgage holds a planning certification from the CMPS Institute, so they can deliver mortgage planning strategies to borrowers rather than just getting them through the mortgage process. Because a mortgage is most people’s largest financial investment, borrowers’ financial picture needs to be considered when purchasing a home and a… Read more...

Mortgage Applications Rise 2.3%

Mortgage applications increased 2.3 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 8, 2019. The Market Composite Index, a measure of mortgage loan application volume, increased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index… Read more...

Wells Fargo CEO Tells Congress Bank Is Stronger

Wells Fargo has become a better bank through its efforts to improve its operations, leadership and culture, Tim Sloan, CEO and president of Wells Fargo, told the House Committee on Financial Services. Also, he outlined the company’s efforts to compensate customers for past issues and on how the bank is working to become the most… Read more...

Affording a Down Payment Prevents Many Millennials from Owning Homes

Although millennials hope to own a home one day, many say the down payment is their biggest barrier when it comes to purchasing one, according to the latest Country Financial Security Index. Fully forty-six percent of millennials and forty percent of Americans overall cited affording a down payment as the greatest financial barrier to homeownership,… Read more...

Deliberate Practice Separates Successful Originators—from Average Ones

By Pat Sherlock I just watched the Oscar and BAFTA award-winning documentary "Free Solo" which follows Alex Honnold as he climbs Yosemite's El Capitan, a 3,000-foot granite monolith, without ropes. This is an incredible story as Honnold becomes the first person ever to accomplish the feat. The film is breathtaking and gives viewers the feeling… Read more...

Ask The Management Expert: How Can Managers Reduce Stress, Increase Productivity

By Dave Hershman Question: I am the manager of a mid-size office with multiple loan officers. I have multiple areas of responsibility as a manager and each could be a full-time job. I jump from task to task each day but end up in the same spot the next day. How can I lessen my… Read more...

Buyers Gaining Power in West Coast Housing Markets

Limited inventory and rapid price appreciation have kept sellers firmly in the driver's seat for several years as the United States recovered from the housing market collapse--but that appears to be changing. In 20 of the 35 largest metros, market conditions favor buyers more than they did a year ago, according to the Zillow Buyer-Seller… Read more...

Bill Bodnar with the Mortgage Market Guide Recap: March 8

https://youtu.be/jIBKEmo8o58 Hi, Bill Bodnar here with the Mortgage Market Guide recap. So, mortgage backed securities and the financial markets are reacting to the jobs report that came out today. The headline number was a bit of a stinker, only 20,000 jobs created. That was well below expectations of 175,000 jobs. But when you took a… Read more...

Millennials’ Appetites for Refinances Grow, as Rates Decline

Millennials took advantage of slightly lower interest rates in January to refinance their mortgages. Refinances by Millennial borrowers accounted for 13 percent of all closed loans, the highest percentage since February 2018, according to the “Ellie Mae Millennial Tracker.” Also, refinances climbed to 35 percent of closed loans in January, up from 29 percent in… Read more...

Home Affordability Improves

Home prices are still up year-over-year in all 50 states and the nation's 100 largest markets, slowing is noticeable nationwide, and combined with recent interest rate reductions, is helping to improve the overall affordability outlook, according to the “Mortgage Monitor Report” from Black Knight Inc. "At the end of December, home prices at the national… Read more...

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