Finance | firsttuesday Journal

Trending mortgage rates

by ft Editorial Staff | Jun 2, 2023 | Charts, Economics, Finance, Interest Rates, Market Watch, Real Estate | 23

Where are mortgage rates now? Check out our weekly interest rate update to track the latest market rates.

Mortgage concepts: HMDA purpose and coverage

by Carrie B. Reyes | May 26, 2023 | Feature Articles, Finance | 0

HMDA requires consumer mortgage lenders to gather and report data on consumer mortgage purchases, applications and originations as regulated.

Is the amount of home equity shielded by an automatic homestead exemption the threshold for the year a creditor recorded their judgment lien or the year the bankruptcy petition was filed?

by David Swistock | May 22, 2023 | Laws and Regulations, Loan Products, Recent Case Decisions | 0

Barclay v. Boskoski

FHA lengthens amortization of delinquent mortgages to 40 years

by ft Editorial Staff | May 19, 2023 | Finance, Mortgages, Real Estate | 0

The Federal Housing Administration (FHA) is keeping their mortgaged homeowners who are delinquent in payments on the books.

Mortgage Concepts: Trustee’s Sale: Sold to the Highest Bidder

by ft Editorial Staff | May 17, 2023 | Feature Articles, Loan Products, Mortgages, Video | 1

This video explains the procedures followed for a trustee’s sale in California.

New mortgage premium structure signifies a transfer of wealth

by Amy Perry | May 8, 2023 | Finance, Mortgages, Real Estate | 0

The FHFA has altered their mortgage insurance premiums. Now, borrowers with lower credit scores and down payments will be paying less under the new structure than they did under the old.

The Federal Reserve’s impact on mortgage rates

by Carrie B. Reyes | May 4, 2023 | Economics, Feature Articles, Interest Rates, Real Estate | 0

Learn how the Fed is using their benchmark rate as a monetary policy tool to restrain levels of borrowing in 2022.

30 years of summer, followed by 30 years of winter

by ft Editorial Staff | Apr 20, 2023 | Charts, Interest Rates, Real Estate | 5

Mortgage rates are on their way up.

Mortgage Concepts: Steering homeowners to preferred counselors on HECMs

by ft Editorial Staff | Apr 17, 2023 | Loan Products, Mortgages, Video | 0

This Mortgage Concepts explainer video breaks down counseling requirements for consumers considering a Home Equity Conversion Mortgage (HECM).

Loan production costs are drowning mortgage brokers

by Carrie B. Reyes | Apr 13, 2023 | Economics, Finance, Mortgages, Real Estate, Recessions | 0

Just 32% of loan companies were able to remain profitable in 2022.

Form-of-the-Week: INTAX and §1031 Profit and Basis Recap Sheet — Forms 351 and 354

by Amy Perry | Apr 13, 2023 | Forms, Real Estate, Tax | 0

An agent uses RPI Forms 351 and 354 when negotiating a sale or §1031 reinvestment plan.

Using the yield spread to forecast recessions and recoveries

by ft Editorial Staff | Apr 13, 2023 | Charts, Interest Rates, Mortgages, Real Estate, Recessions | 35

The yield spread indicates the likelihood of a recession or recovery one year forward.

MIP, PMI, or neither?

by ft Editorial Staff | Apr 12, 2023 | Charts, Loan Products, Real Estate | 2

Which is better for first-time homebuyers reliant on mortgage insurance: MIP or PMI?

The source of home price movement: buyer purchasing power

by ft Editorial Staff | Apr 10, 2023 | Charts, Home Sales, Interest Rates, Real Estate | 2

Find out what today’s buyer purchasing power means for tomorrow’s home prices in California.

What you need to know about LA’s new “mansion tax”

by Carrie B. Reyes | Apr 7, 2023 | Economics, Los Angeles-Santa Barbara-Ventura, Real Estate, Tax | 0

Now that the mad scramble to beat the tax deadline is behind us, what do agents need to know about the new mansion tax?

Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier

by Carrie B. Reyes | Apr 2, 2023 | Charts, Economics, Interest Rates, Mortgages, Real Estate, Recessions | 1

A homebuyer with the same income is able to borrow 23% less purchase-assist mortgage money than a year ago due to interest rate hikes alone.

Jobs move real estate

by ft Editorial Staff | Apr 1, 2023 | Charts, Economics, Finance, Real Estate | 10

Track the single most influential factor on California’s real estate market: the number of people employed.

Mortgage Concepts: ARM awareness by an informed consumer

by ft Editorial Staff | Mar 27, 2023 | Finance, Interest Rates, Loan Products, Mortgages | 0

This Mortgage Concepts video breaks down the critical elements of an adjustable rate mortgage (ARM).

California’s population is shortchanged on financial literacy

by ft Editorial Staff | Mar 27, 2023 | Finance, Fundamentals, Licensing and Education, Real Estate | 0

What buyers don’t know when boom times become recessions can’t hurt them, right? Wrong!

National mortgage balances increased by $1 trillion in 2022

by Amy Perry | Mar 24, 2023 | Finance, Mortgages, Real Estate, Recessions | 1

During the fourth quarter of 2022, total national mortgage debt increased by $254 billion, contributing to a $1 trillion increase in mortgage balances in 2022.