Latest Mortgage News

Central Bank shuts down hopes of mortgage deposit rate cut
Hopes that a new government would see a relaxation of the Central Bank's controversial mortgage lending limits have been dashed, as the bank has said they are “here to stay”. Since the introduction of the 20% deposit requirement and stricter loan to …
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Consumer Reports: Reverse mortgage pitfalls
They see a reverse mortgage as a possible fix. Borrowing against the equity in your home for retirement income can be a good idea, but reverse mortgages have a history of problems. Despite recent reforms, they're still not for everyone. Yet, there are …
Read more on Turn to 10

U.S. Mortgage Bond Markets Fluid Despite Minimal Volumes: N.Y. Fed

U.S. Mortgage Bond Markets Fluid Despite Minimal Volumes: N.Y. Fed
The market for U.S. government mortgage-backed securities continues to be profoundly liquid despite signs that trading problems have actually damaged, according to researchers within Federal Reserve Bank of New York. The difference between MBS bid and have prices, …
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MBA: home loan credit a little tightens in January
While small, home loan credit availability fell in January, falling 0.4percent to 123.8, in accordance with the Mortgage Credit accessibility Index from Mortgage Bankers Association. The index analyzes information from Ellie Mae's AllRegs marketplace Clarity company …
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Connecticut courtroom denies mortgage registry's challenge to costs
In a determination affirming an endeavor courtroom's ruling, the Connecticut Supreme legal said the legislature ended up being within its liberties to require the Mortgage Electronic Registration Systems, or MERS, to pay for around three times more in home loan recording costs than …
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Elderly few dealing with eviction after taking out reverse mortgage

Elderly few dealing with eviction after taking out reverse home loan
A retired South Florida instructor along with her husband tend to be battling to stay in their property after taking out a reverse home loan. Neighborhood 10 News consumer investigative reporter Christina Vazquez revealed thousands of complaints submitted resistant to the Texas-based lender.
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Anxiety could be causing you to overpay for the home loan
Rising house prices and higher mortgage rates tend to be adding up to increasingly expensive housing, but fear is making matters worse. A wide swath of borrowers these days may be having to pay too a great deal to their mortgages, simply because they tend to be overly …
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Latest Mortgage News

The outcome For Home Loan REITs
2015 was unkind into the home loan REIT industry. The iShares Mortgage real-estate Capped ETF (NYSEARCA:REM), a container associated with the biggest and most actively traded home loan REITs, is down slightly over 8percent year up to now. Including the big dividend, that …
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Existing home loan prices Roundup for November 2, 2015: What to Expect from the
Home loan prices ended a week ago roughly consistent with Thursday's rate levels, amid concerns your Federal Reserve may decide to raise its key temporary rate at December FOMC conference. After two straight days of relationship sell-off, investors and …
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Bank of America agrees to 5 million settlement in home loan instance
In line with the Reuters report, BofA ended up being sued by people which purchased to the mortgage securities and didn't know these were risky investments. The shareholder suit was led because of the Pennsylvania Public School workers' pension. BofA has spent …
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How Much Risk Does This Week's FOMC Meeting Pose To Current Mortgage

How Much Risk Does This Week's FOMC Meeting Pose To Current Mortgage
The meeting's outcome may influence U.S. mortgage bonds and result in rising mortgage interest rates nationwide. For home buyers currently floating a rate or actively shopping for loan; and, homeowners wondering whether now is a good time to refinance, …
Read more on The Mortgage Reports (blog)

The Mortgage Professor: Mortgage points: A powerful option often neglected
As I write this article using one of the twin monitors connected to my computer, the other monitor shows an array of interest rate/point combinations on a 30-year fixed-rate mortgage of $ 210,000 as of March 12. There are 17 combinations, ranging from …
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BrandMortgage Expanding Footprint in Alabama Market


Lawrenceville, Georgia (PRWEB) February 28, 2015

Positive market trends led BrandMortgage to expand its reach into new markets of Alabama earlier this year with offices opening in both Dothan and Orange Beach. By broadening their stronghold in Alabama, BrandMortgage can better serve the Dothan and Orange Beach markets, offering an extensive menu of loan products and services that are often unseen in the industry.

With the resurgence of the housing industry, BrandMortgage has been following specific market trends in Alabama. According to the Alabama Center for Real Estate (ACRE), Alabama residential sales during the fourth quarter of 2014 were up 7.5 percent compared to the same period a year earlier, representing the best fourth quarter since 2007. With homebuyers steadily returning to the purchase landscape and millennials entering the market, strong and continued growth for Alabama and the entire Southeast is expected.

The mortgage bank has multiple offices across the Southeast, including an existing branch in Grant, AL. In an effort to better serve clients, BrandMortgage recognized a need to secure additional branch locations throughout the growing state. For residents living in Dothan and surrounding areas, a new office is led by Branch Manager Melanie Boggs, with mortgage bankers Rick Grantham and Missy Messick rounding out the team. For those in the Orange Beach area, a new branch office is managed by Beck Megginson.

We are excited to expand our reach throughout Alabama, says Alex Koutouzis, President and Managing Partner. These two additional branch offices will allow us to better serve the Dothan and Orange Beach communities while broadening our market share in the region.

BrandMortgage has extensive experience in the homebuilding market. Most impressively, the company has long-standing relationships with dozens of builders and realtors throughout the Southeast region. With the growth in home prices over the past year and the lowering of FHA loan lending limits, there are expectations that new home construction activity and home values will continue to grow over the next few quarters, making it easier for first-time homebuyers to enter the market.

The talent from the BrandMortgage team will enable homebuilders and homebuyers to utilize the extensive menu of lending products available, including construction permanent, VA loans, doctor loans, extended rate locks, first-time homebuyer loans, self-employment loans, in-house niche and portfolio products, to name a few.

In addition, BrandMortgage has over 20 additional branch locations throughout the North and South Carolina, Florida, Georgia, Tennessee and Virginia. Homeowners and buyers in Dothan and the surrounding areas are encouraged to call (334) 803-8242 to set an appointment with a mortgage specialist or visit the BrandMortgage office at 130 East Main Street, Dothan, AL 36301.

For those in or around Orange Beach, our mortgage specialist can be reached at (251) 980-1112, or you can visit the Orange Beach branch office at 2690 South McKenzie Street, Foley, AL 36535.

About BrandMortgage

Standing tall on their century-long history of operating with respect, trust and integrity, BrandMortgage is a subsidiary of The Brand Banking Company which was founded in 1905 and is one of the oldest privately-owned banks in Georgia. BrandMortgage is focused on being the best and strongest lender in the Southeast and, while they provide loans in 10 states, the full-service lender has never outgrown their Georgia roots. Offering a wide variety of mortgage finance products, they help each and every client choose the best options to fit their budget and meet their individual needs. BrandMortgage strives to take the guesswork out of the application process and explains all of the options in simple, straightforward language so their clients feel comfortable and secure with their decision. To learn more about BrandMortgage and their broad assortment of mortgage finance products, please visit http://www.brandmortgage.com.







Mortgage Insurance

Рrimаrу aim of mоrtgаgе insurаnсе would be to рrоtесt the lenders inside еvеnt of house lоаn standard. Bоrrоwеrs рurсhаsе this insurаnсе and рау the рrеmiums; in turn, insurаnсе соmраniеs рrоmisе to help make the remaining mоrtgаgе рауmеnt in саsе of lоаn default- In оthеr words, the financial institution bесоmеs the bеnеfiсiаrу of mоrtgаgе insurаnсе роliсiеs! Tуреs of mоrtgаgе insurаnсе most of the mоrtgаgе insurаnсе роliсiеs саn be brоаdlу саtеgоrizеd into 2 tуреs, nаmеlу, (1) Рrivаtе Mоrtgаgе Insurаnсе and (2) Mоrtgаgе Рrоtесtiоn Insurаnсе. Have the after lines to learn аbоut these 2 tуреs in details (1) Рrivаtе Mоrtgаgе Insurаnсе (РMI) If уоu’rе incapable of аffоrd 20per cent down рауmеnt on уоur mоrtgаgе lоаn, then уоu mау need рurсhаsing а Рrivаtе Mоrtgаgе Insurаnсе or РMI. This insurаnсе роliсу рrоtесts уоur loan provider аgаinst loss if уоu default on уоur lоаn rерауmеnt. There are 2 tуреs of РMI, that are dеsсribеd blow. (i) Bоrrоwеr-раid РMI: It is а tуре of РMI wherein the bоrrоwеr рауs the insurаnсе рrеmium. Typically, уоu’ll have to рurсhаsе it if уоu’rе incapable of make the required down рауmеnt on уоur house lоаn. It’s also rеfеrrеd to as ‘Trаditiоnаl Mоrtgаgе Insurаnсе’ or BРMI (Bоrrоwеr-Раid Рrivаtе Mоrtgаgе Insurаnсе). (ii) Lender-раid РMI: When loan provider рауs for РMI, it are rеfеrrеd to as LРMI (Lender-Раid Рrivаtе Mоrtgаgе Insurаnсе). Hоwеvеr, lender rесоvеr the рrеmium соst by adding it on mоrtgаgе lоаn interest- often, this insurаnсе is рurсhаsеd by а loan provider in саsе of large lоаn-to-value mоrtgаgе. (2) Mоrtgаgе Рrоtесtiоn Insurаnсе Mоrtgаgе рrоtесtiоn insurаnсе соvеrs уоur house lоаn рауmеnts when уоu’rе unable to make уоur month-to-month mоrtgаgе installments. Оwing to its соvеrаgе, this insurаnсе is sоmеtimеs rеfеrrеd to as mоrtgаgе рауmеnt рrоtесtiоn insurаnсе. Mоrtgаgе рrоtесtiоn insurаnсе саn be divided into 3 tуреs, that are talked about blow. (i) Mоrtgаgе lifetime Insurаnсе: some great benefits of mоrtgаgе life insurаnсе tend to be sоmеwhаt just like any оthеr life insurаnсе роliсiеs. This mоrtgаgе insurаnсе is mеаnt to рау off уоur remaining mоrtgаgе lоаn in the еvеnt of уоur dеаth. If уоu рurсhаsе this insurаnсе, it’ll save уоur loved ones from dropping their property. (ii) Mоrtgаgе impairment Insurаnсе: Mоrtgаgе disability insurаnсе рrоmisеs to create уоur monthly home lоаn рауmеnts inside еvеnt of уоur рhуsiсаl impairment. Hоwеvеr, уоu саn аvоid рurсhаsing this insurаnсе if уоu have actually оthеr tуреs of impairment insurаnсе роliсiеs. The аmоunt of соvеrаgе is normally dереndеnt uроn уоur sаlаrу at that time уоu bесоmе disabled; typically, the соvеrаgе аmоunt varies bеtwееn 50-70 per cent of уоur sаlаrу. (iii) Mоrtgаgе Unеmрlоуmеnt Insurаnсе: it’s rather оbviоus thаt уоu’ll fасе trouble in creating уоur month-to-month mоrtgаgе рауmеnts in еvеnt of уоur abrupt task loss. You саn have actually mоrtgаgе unеmрlоуmеnt insurаnсе thаt саn соvеr уоur monthly house lоаn рауmеnts if уоu out of the blue bесоmе unеmрlоуеd. Some insurаnсе соmраniеs mау оffеr соmbinеd mоrtgаgе рrоtесtiоn insurаnсе, wherein уоu obtain the great things about both mоrtgаgе unеmрlоуmеnt insurаnсе and mоrtgаgе impairment insurаnсе! Sоmеtimеs, mоrtgаgе impairment insurаnсе is оffеrеd as а driver with mоrtgаgе life insurаnсе. Thеrеfоrе, it is аdvisаblе thаt уоu сlеаrlу undеrstаnd the tуреs of соvеrаgе bеfоrе рurсhаsing уоur mоrtgаgе insurаnсе.

mоrtgаgе insurаnсе

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Mortgage rates plunge to 2014 lows

Mortgage rates plunge to 2014 lows
Spend a some minutes looking the extensive information base for the number one active mortgage rates from many of creditors inside a region. You'll see what you mean. Why did everyone think mortgage rates were going to rise this year? The Federal Reserve is ending …
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Russian bank provides pets with mortgages
However they'll need to rush to secure 1 — the bank is limiting the cat campaign to 25 fresh mortgages just. Sberbank's promotion can be element of a effort to present a warm, fuzzy image because getting slapped with European sanctions 1 month ago. The …
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