Category Archives: Real Estate News
← Older postsUS Home Values Rise in Second Quarter
August 31, 2010U.S. home values increased 3.1 percent in the second quarter from the first quarter, or 13.2 percent on an annualized basis, reports Freddie Mac. For the first time since the second quarter of 2009, residential values rose in all nine … 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
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
'Qualified mortgages' to be exempt from new risk requirement
June 1, 2010The recent “Wall Street Reform” bill required that 5 percent of a mortgage be retained as a buffer against risk. Fortunately, as National Mortgage Newsreports, a measure passed in May amended that requirement to exempt “qualified mortgages” (subscription required)–those that are generally … Continue reading
Broker/Owners and Producers: Thrive or Survive?
May 7, 2010Are you a Broker/Owner or Producing Branch Manager who is looking for a platform from which to catapult and grow your business for the next 5 years? If so, you owe it to yourself to take a serious look at … Continue reading
Mortgage legend Greg Frost live on Twitter 5/10
May 7, 2010Frost Mortgage President Greg Frost will inaugurate #FrostMortgageMonday, a live interactive chat, on May 10 at 11:30 Mountain Time. Whether you’re a homebuyer with a mortgage question or a top producer, broker or loan officer looking for industry insights, this … Continue reading
Frost Mortgage: 19 branches and growing
May 5, 2010Many people may not realize the full reach of Frost Mortgage’s business operations. As we’ve noted in our ad in National Mortgage Professional, we can tap up to up to $2 billion of monthly warehouse capacity with 48-hour underwriting. So … Continue reading
FHA: Reverse mortgage support is crucial
May 4, 2010Reverse mortgage programs operated by Housing and Urban Development (HUD) require help to continue, the Federal Housing Authority (FHA) told a House subcommittee recently, Reverse Mortgage Daily reports. In testimony, an FHA assistant secretary said that, without support, HUD will … Continue reading
Possible extension for rural housing program
May 3, 2010The Rural Housing Service’s single-family program (subscription required) is almost out of loan guarantee authority, but a bill passed by the House and potentially being taken up by the Senate this week would extend it to Sept. 30, giving it time to become self-funding … 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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