Category: Blog
Current Position: Carefully Floating
Stocks are lower and mortgage Bonds are higher, recovering most of Friday’s losses, so far this morning. It’s a quiet new day and relatively quiet news week, highlighted by the Producer Price Index, Retail Sales, several Fed speakers, and a 10-year Treasury Note Auction and 30-year Bond Auction. The M
Federal Reserve Outlook
The Federal Reserve met today and decided that the Federal Funds Rate will remain low - holding steady between 0.50% and 0.75%. Since financial market experts predict several rate increases in 2017, now is the time to get your finances in order before mortgage rates rise. Don't miss out on this opportunity to lo
Job Growth Jumps. Wage Growth Weakens.
In This Issue Last Week in Review: While more Americans found jobs in January, they still may be looking to add more to their paychecks. Forecast for the Week: Markets may take a breather in a quiet economic news week. View: Free stock photo sites for picture-perfect marketing and presentations. Last Week in Revi
Mortgage Rates Drop to 2-Week Lows
Mortgage rates moved lower today as investors sought safe haven from global political risk in the bond market. When investor demand for bonds increases, rates generally fall, all things being equal. Today's improvement was fairly healthy, too. You'd have to go back to January 23rd--exa
Lock, Shop & Drop Loans
Our Lock, Shop, and Drop program combines 3 different features into one easy tool that will set you apart from all the other buyers when speaking with agents and builders. Most people are saying the same thing…. reliable, access to investors that can close on time and deliver the rate they
Mortgage Preparation After Bankruptcy or Foreclosure
A mortgage after bankruptcy or foreclosure starts with a review of your credit event and current finances. A past event does not by itself establish when you can qualify. The program, lender, documentation, and circumstances all matter. Can you buy a home after a foreclosure? The Consumer Financial Protection B
Benefits of Netting Escrow
Benefits of Netting Escrow Netting a borrower’s escrow during refinancing can make the process quicker. Instead of paying the new escrow amount out of pocket, a borrower can net, or apply the escrow balance from the original loan, using these funds to cover the difference for the new escrow account. Depen
Fannie Mae and Freddie Mac Conventional Loans: What Borrowers Should Know
Conventional mortgage options can be confusing because Fannie Mae and Freddie Mac maintain different selling and servicing guides used in many conventional-loan reviews. Their guides help frame the questions NorthStar Funding considers, but they do not replace a complete underwriting review or guarantee that a bo
Construction, Modular, and Manufactured Home Planning
Planning a new home, modular home, manufactured home, or major renovation often raises questions that differ from a standard purchase. NorthStar Funding can review the property, construction plan, documentation, and financing path that fit your situation. Construction, modular, and manufactured home planning
MMG Weekly: Report Card in for 2016 Housing, GDP
Last Week in Review "Turn this house into a home." Luther Vandross. Existing Home Sales and New Home Sales followed a similar path downward in December. But the latest housing reports still had good news to share. Existing Home Sales closed out 2016 as the best year in a decade, though December's numbers were bel
HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility
https://homeready-eligibility.fanniemae.com/homeready/ https://freddiemac.com/homepossible/eligibility.html ? Put the address of your subject property into the HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility tool and if the income limit works for your loan then this product prices out MUCH better t
Purchase Power: Low-Down-Payment Mortgage Planning
Purchase power is more than a home-price estimate. It is the relationship among your available funds, monthly payment comfort, credit profile, debts, income, property type, and the mortgage options that can be reviewed for the complete file. NorthStar Funding helps borrowers identify those questions before they m