Mortgage Industry Blog

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Mortgage and Lending - Guild Mortgage Company - NMLS 264607, NMLS 3274
RECENT BLOG POSTS
Results from a Federal Reserve survey of senior bank loan officers indicated that lenders have held the line on prime lending standards and have raised standards for sub-prime and non-traditional home loans. Survey respondents represented 74 U.S. banks and 23 foreign banks. Survey respondents als...
05/11/2014
Last week was an action-packed week for economic news, and all of it was packed into Thursday: Weekly Jobless claims came in at 326,000 which was lower than the expected 330,000 new claims. This week’s claims were higher than the prior week’s 325,000 new jobless claims filed. The NAR released its...
01/26/2014
Mortgage pre-approval is an essential part of any offer. If you cannot show that you have already researched your ability to buy a property, you are not ready to offer money for it. This is common sense. But, not all pre-approvals are created equal. Experienced agents and agents in well-run offic...
01/17/2014
  Credit Repair Fact or Fiction?    You are the trusted real estate advisor so it’s likely that past clients will contact you when they are struggling with their mortgage payment or experiencing a short sale, foreclosure or deed-in-lieu that will show up on their credit report.  Here’s some credi...
01/11/2014
The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program. La...
01/05/2014
Copied from S. Jhoanna Robledo - NYMAG.com It's going to be tougher to get a mortgage after January 10. That's the deadline for lenders to fully enact provisions first outlined in the Dodd-Frank Wall Street Reform and Consumer Protection Act back in 2010, in the wake of the sub-prime mortgage cri...
01/05/2014
The University of Michigan’s Consumer Sentiment Index was improved for December at 82.5, after the November reading was adjusted from 82.5 to 75. Analysts noted that consumers were relieved when legislative gridlock ended. Durable goods orders reached their highest level since May with November’s...
12/29/2013
When you already have a home, you may be interested in determining if a refinance is a good option. You will not have to worry about restrictions on down payments or some of the problems that can occur with a down payment. However, if you are considering purchasing a home in or the surrounding co...
12/25/2013
According to December’s NAHB/Wells Fargo Housing Market Index, home builder confidence rose by four points to a reading of 58; this surpassed the consensus of 56 and November’s reading of 56. November Housing Starts were released Wednesday and also exceeded expectations and the prior month’s read...
12/23/2013
Mortgage Debt Rises For First Time Since Recession Last week was relatively quiet concerning scheduled housing-related news, but the Federal Reserve’s financial accounts report, released on Monday, indicated that mortgage debt in the U.S. had increased for the first time since the first quarter (...
12/15/2013
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Daily updates from the mortgage industry from Guild Mortgage's perspective. Keep track of weekly mortgage rate updates and many other issues impacting the mortgage finance world. I hope you enjoy the information contained in this blog!