Category Archives: News
← Older postsFed Survey: Economy Expands Throughout U.S.
March 3, 2011A Federal Reserve survey showed that all of the central bank’s 12 regions registered growth at a “modest to moderate” level in January and early last month, highlighted by an uptick in job creation. The Beige Book report also signaled, … Continue reading
US Construction Ticked Up in October
December 2, 2010The Census Bureau reports that construction spending rose 0.7 percent in October compared to September, despite continued weakness in the single-family sector. Private residential investment climbed 2.5 percent for the month, due mainly to a 3.2 percent gain in new … Continue reading
The Good News About Rising Mortgage Rates
September 7, 2010The Mortgage Bankers Association’s upcoming data on mortgage-application activity might show whether the prospect of higher mortgage rates is spurring consumers to buy homes; mortgage rates tend to move in lock-step with bond yields, which suddenly rose by a significant … Continue reading
US Home Loan Demand Rises as Rates Hit New Low
September 1, 2010According to the Mortgage Bankers Association, loan applications for buying a home or refinancing rose 2.7 percent last week as interest rates sank to a new low. The four-week moving average of mortgage applications, meanwhile, was up 5.2 percent. Refi … Continue reading
FHA: A range of creative options for borrowers
June 30, 2010The Federal Housing Administration (FHA) helps prospective borrowers in a wide range of ways. Frost Mortgage is a huge fan of the FHA program; in 2009, for instance, we were named No. 2 in America for FHA fundings by Mortgage … Continue reading
Great news for FHA lenders from Congress
June 29, 2010Federal Housing Administration (FHA) lenders will be exempted from new “risk retention” rules, which is great news for companies who issue loans insured by the government. National Mortgage News reports that [t]he legislation finalized by the conference committee late last … Continue reading
FHA loans: Net worth timeline, new monthly scorecard
June 22, 2010The Federal Housing Administration (FHA) has been busy recently. We’ve written before about a move to raise the minimum net worth worth requirements for loan originators. The FHA recently set out a timeline for implementation (MortgageDaily.com; subscription required). Among the … Continue reading
Greg Frost Sr.: Training industry leaders, planning for the future
June 21, 2010Things are always cooking here at Frost Mortgage, and last week was no exception. I wanted to share a couple of experiences in particular that I’m excited about. Last week, I was the guest speaker at the Casa Latino National … Continue reading
Mortgage Success Source announces new faculty including Greg Frost Sr.
June 17, 2010“Mortgage Success Source (MSS), the joint venture of The Mortgage Market Guide, LoanToolbox, and The Duncan Group, announces a new contributing faculty composed of strong mortgage industry producers and top performing loan originators from across the country who are as … Continue reading
More light at the end of the tunnel
June 16, 2010It has been a long, hard slog, but we’re seeing increased confidence that the worst may be over. This week, for instance, Reuters reported, “A strong global economic recovery is under way, and is unlikely to be thrown off course … Continue reading
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Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
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