5-11-20 Becoming Approved by Ginnie Mae and a Look Ahead after the Pandemic

With all that's going on in the mortgage industry right now we thought it'd be best to take a detailed look at what it takes to become approved by Ginnie Mae, and with that, also look to the future for what may be happening after the pandemic! In today's Hot Topic we have Gregory Keith on the program to provide us with his insights on the Ginnie Mae Approval process! Want to know more about Gregory Keith? Gregory A. Keith joined Ginnie … Show Notes

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Friday Wrap: Tensions Reignite with China as Tech Takes a Dive; Mortgage Lending Hits 7 Year High

Tech Stocks, Jobs and Earnings All Conspire to Drag Wall Street Down Wall Street took a hit in tech this week with Apple, Amazon and Microsoft all seeing losses. Stocks like Microsoft showed better-than-expected earnings in Q2, but its stock still faltered by 4% on Thursday, due to slowing transactional license purchasing and the lack The post Friday Wrap: Tensions Reignite with China as Tech Takes a Dive; Mortgage Lending Hits 7 Year High appeared first on Mortgage Media.
Ratio of Unemployed Workers per Job Opening – MBA Chart of the Week July 24, 2020

Source: U.S. Bureau of Labor Statistics This week’s MBA Chart of the Week uses data from the U.S. Bureau of Labor Statistics to look at the ratio of the number of unemployed workers to job openings to highlight how the current recession is different than the recession in 2007-2009. In the previous recession, the measure The post Ratio of Unemployed Workers per Job Opening – MBA Chart of the Week July 24, 2020 appeared first on Mortgage Media.
Friday Wrap: Historic Low Mortgage Rates and Increasing Higher Unemployment

Mortgage Rates Drop to Lowest in History For the first time in its history, Freddie Mac is showing an average 30-year fixed-rate mortgage below 3%. This week the average came in at an incredibly low 2.98%. According to the Mortgage Bankers Association, total mortgage application volume went up 5.1% week-over-week, with refinances seeing a 12% The post Friday Wrap: Historic Low Mortgage Rates and Increasing Higher Unemployment appeared first on Mortgage Media.
Unemployment Insurance: Initial Claims Seasonally Adjusted , 000’s – MBA Chart of the Week July 17, 2020

Source: U.S. Department of Labor This week’s chart highlights initial unemployment claims data from the U.S. Department of Labor (DOL), portraying the speed and severity of the labor market’s deterioration during the COVID-19 pandemic, as businesses closed or transitioned to remote working arrangements. This data has become prominent in the last few months-it is published The post Unemployment Insurance: Initial Claims Seasonally Adjusted , 000’s – MBA Chart of the Week July 17, 2020 appeared first on Mortgage Media.
The Mortgage Pathway: The Loan Officer as Mentor

The Home Ownership Journey With numerous resources available in the smartphones at their fingertips, today’s homebuyer has more access to insights behind the mortgage process than ever before. Although this information can help empower the homebuyer, it is important that they still communicate with a mortgage expert who can assess their goals and financial needs The post The Mortgage Pathway: The Loan Officer as Mentor appeared first on Mortgage Media.