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Weekly Mortgage Applications Fire Back Up

Wednesday, September 24th, 2014


Chicago, IL (PRWEB) September 17, 2014

Peoples Home Equity was very content to see mortgage applications rose abruptly for the week ending on September 12th. The Mortgage Bankers Association (MBA) stated on Wednesday, September 17th that mortgage applications had risen 7.9% over the past week. This rise signifies a quick rebound from the dismal -7.2% decline during the week ending on September 5th.

The MBA stated on an unadjusted basis, the Index increased 19 percent compared with the previous week. The Refinance Index increased 10 percent from the previous week. Another positive statement from the MBA was the refinance share of mortgage activity increased to 57 percent of total applications, the highest level since February 2014, from 55 percent the previous week.

Interestingly, 30-year fixed mortgage rates rose to 4.36% from 4.27%, which is the highest level since June 2014. The fact that all mortgage rates rose last week, and that home loan applications rose simultaneously means that demand has genuinely risen for USA real estate. Jumbo loan rates rose from 4.15% to 4.24% and 30-year FHA rates rose to 4.03% from 3.97%. Lastly, 15-year fixed rates rose to 3.56% from 3.44% and 5/1 ARMs increased to 3.19 percent from 3.12 percent. On a positive note for home buyers, the cost of points for all home loan types declined.

Peoples Home Equity the possibility of strong home sales in September is back in full order. Thursday mornings National Home Sales Snapshot from DQnews.com will be telling of just how strong home sales were last week. Peoples Home Equity encourages anyone thinking to purchase a property to prepare accordingly and at least apply for pre-approval for a mortgage. Anyone may want to buy a home; however, without a mortgage pre-approval sellers will not take prospective buyers seriously. Peoples Home Equity has a very rapid response rate in terms of mortgage approvals once applicants submit their information. One may get started on the Peoples Home Equitys Home Loan Quick Qualifier fields today at: PeoplesHomeEquity.com.







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Attention Mortgage Note Holders: Beware of the Bait & Switch when trying to sell your real estate notes says industry leader DICARO & ASSOCIATES, LLC.

Saturday, September 13th, 2014


Tampa, FL (PRWEB) September 09, 2014

Even though the United States is the greatest country for financial investment companies, it seems that there are always a few rotten apples that sours the cider whenever they interact with prospective note sellers who are looking to liquidate their real estate receivable for cash today.

Many prospective clients and mortgage note holders think they are interacting with a reputable company because their marketing material looks professional and the person they are speaking with has a pleasing personality. However, many note sellers are in for a rude awakening if they dont know how to ask the right questions and dont know how to identify the bogus offers when they are made.

These scheming companies know that most people looking to sell their real estate notes are just trying to get top dollar, but dont necessarily know what investment firms operating in the secondary market are realistically willing to pay. Instead of these shady companies taking the time to educate the note holders of the process of selling their mortgage note, they instead offer a ridiculously high price in order to contractually obligate the client and then change the offer to a much lower price weeks and even months later after theyve wasted precious time.

The reality is that no company can accurately give a solid purchase offer without 1) Reviewing the documents that were created in the original transaction, 2) Analyzing the background information of the party responsible for making the payments, including their FICO credit score and report, 3) Obtaining a property valuation, also known as a Brokers Price Opinion or Drive-by Appraisal report at the very least, and 4) Various other factors that are too many to list. To summarize, any company giving offers far and above their competitors, who have not verified items 1 4 above, is most likely operating a Bait & Switch scheme that will leave the note seller worse off than before they started.

If a company is making promises and claims, over the phone, without really taking a hard look at all of the specifics of the deal, then the person trying to sell a mortgage note should be prepared to endure a modification of the terms in the form of a lower offer that could cost them ten of thousands of dollars.

Reputable companies will never make claims or guarantees that some other companies will purport. As Senior Vice President of DICARO & ASSOCIATES, LLC, Nicholas di Caro says, We are not in the business of delivering inflated offers before verifying the variables in a note sale transaction. This practice is deceptive and can financially ruin prospective clients, especially when they are under a time deadline. Any good company will educate the note seller about how we determine the investment grade of each deal and the various ways that we can solve their financial problems

Nicholas di Caro is the Senior Vice President for DICARO & ASSOCIATES, LLC. Operating in all 50 states from their Chicago, Illinois location, they invest in performing and non-performing real estate notes from $ 5,000 to $ 5,000,000. They are actively buying privately held mortgage notes, deeds of trust, and land contracts secured by single family residences, mobile homes with land, and commercial properties. They have the ability to buy notes that other companies have denied, in addition to providing creative purchase options that are new to the industry. Learn more at http://www.nicholasdicaro.com







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Fairway Americas Client DREAM Capital Management Launches Its First Proprietary Distressed Debt Acquisition Fund, Distressed Real Estate and Mortgage Fund I, LLC

Sunday, August 17th, 2014


(PRWEB) August 07, 2014

Fairway America, LLC (Fairway), a Portland OR based real estate asset based advisory and investment firm, played the lead role in consulting, advising and guiding the structure and formation of the Distressed Real Estate and Mortgage Fund I, LLC (DREAM or the Fund), based in the greater New York City metropolitan area. The Funds Manager, DREAM Capital Management(DCM) is owned and operated by long time Tri-state area residents Robert Napolitano and Todd Royer.

Mr. Napolitano has been passionate about real estate since his youth, learning from his immigrant father who came to the United States and began investing in real estate more than 50 years ago. My father drove a bus in Manhattan for more than 40 years, said Napolitano, and he saved and skimped to buy his first rental house. Over time he bought and sold many of them and the financial independence he achieved doing it made a great impression on me. Napolitano used these formative experiences as a motivation to create a career in the real estate business, with a focus on real estate finance.

Sensing trouble in the mid-2000s during the subprime heyday, Napolitano decided to spend time learning the more technical legal side of the real estate business in anticipation of a wave of defaults. The practices that were going on those days in the mortgage business made me think there were going to be lots of problems with foreclosures based on the crazy loans being made, and I wanted to learn how to bring value to the market in the coming downturn, which I felt was inevitable, said Napolitano. He spent time focusing on the foreclosure market and began to craft the strategy that today is the foundation of DREAMs investment focus. I believe there is a long term opportunity in helping people solve difficult problems that arise as a result of lifes circumstances, and do well financially, in the process, for ourselves and our investors. I also felt a pooled investment fund was perfect for us to be able to execute on this vision.

Napolitano first ran into Fairway at the American Association of Private Lenders (AAPL) conference in Las Vegas in the fall of 2012. When he saw a panel session featuring Fairways CEO, Matt Burk, he knew right away these were the guys to help him realize that vision. The depth of their experience and comprehensiveness of their approach were just what I was looking for, said Napolitano. I had been trying to figure out how to put DREAM together and saw that these were the people to truly help me. Having now gone through their complete fund launch consulting engagement, I am ecstatic with that decision, as I have a complete and thorough knowledge and understanding of exactly what we are doing as we launch our fund. Fairway has been invaluable in helping us get this off the ground.

DREAM has also engaged Fairway to handle the ongoing back-end administration for all of the Funds activities. Having Fairway on our team going forward will make a huge difference to us as we grow our Fund, said Royer, who will head DREAMs ongoing operational functions. Their processes, systems, and support give us a great deal of confidence that will help us inspire that same confidence in our investors as we move forward. We can focus on raising capital and finding investment opportunities that meet our criteria and know all the important fund administration details are being handled professionally by an experienced and capable group of people. DREAM is launching in August 2014 and accepts accredited investors only.

About Fairway America

Fairway America, LLC is a longtime real estate lender, fund manager and boutique real estate finance advisory firm providing strategic business planning services nationwide to select private money lenders and real estate asset based dealmakers around the structure, architecture, and administration of proprietary 506 Regulation D SBRE funds. Fairway America Management Group II is the manager of Fairway America Fund VII, LLC, which invests in other 506 Regulation D SBRE funds nationwide.

About Distressed Real Estate and Mortgage Fund I

Distressed Real Estate and Mortgage Fund I, LLC is a 506 Regulation D SBRE fund that invests in opportunistic real estate debt and equity in the eastern United States. The Fund invests in both residential and commercial real estate asset based opportunities and accepts accredited investors only.







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Real Estate Agent In Menifee California Arranges New Partnership With Mortgage Professional Kevin Leonard

Monday, June 2nd, 2014


(PRWEB) May 27, 2014

A brand new partnership has been finalized from a real estate agent in Menifee California and mortgage consultant Kevin Leonard. The mortgage professional and his team of consultants have bee systematically taking over the lending market in Southern California. They are able to this by partnering with the top real estate agents in California by offering top notch customer service and fast approvals for home purchases. The mortgage lender provides all loan products available, including jumbo loans in Riverside County for more expensive homes.

Menifee, is located in the southwestern section of Riverside County California, United States. The city is situated about 8 miles north of Murrieta, and Menifee is estimated at 50 square miles in size. The city had a populace of roughly 77,519 according to the 2010 United States Census, and is projected to reach 100,000 by 2020. The incorporated City of Menifee includes the communities of Sun City, Quail Valley, Paloma Valley and portions of Romoland California. The city of Menifee is bordered on the north, west, and south by the cities of Perris, Canyon Lake, Lake Elsinore, by the newly incorporated city of Wildomar California.

The top Realtor in Menifee is promoted by the mortgage group by YouTube videos and webpages that supplies all the relevant information about the city. The mortgage professionals use search engine optimization to rank websites and the videos they create, and they have had a lot of success. By focusing all of their efforts on real estate, the team of mortgage consultants helps its Realtor partner by setting up all the internet marketing tools needed to compete in todays market. This sort of promotional strategy is based on providing those looking to purchase a home and connecting them to the industries top professionals. Kevin Leonard has combined the mortgage professionals in his team with a real estate agent in Menifee by developing informative videos to find sellers and buyers. The “real estate agent Menifee” pages and videos are being released with the purpose of getting new potential clients for a Realtor. The mortgage team is happy to confirm that they almost have a top Realtor representative from every single city in the main counties in Southern California. From Los Angeles County, to San Bernardino, to Orange County, the mortgage professionals insist that they only work with the very best real estate agents. They have found a great way of connecting and making relationships with the best in the business.

About: Kevin Leonard entered into the mortgage business in 1997 and quickly rose to become the top producing loan officer in the country and earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish and also consults with mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with some of the top real estate agents in Menifee for a reason, he offers fast pre-approvals with the ability to fund purchase loans quickly.

Contact:

Kevin Leonard

NMLS #6279

951-200-5750

http://www.kevinleonardmortgageexpert.com/agents/menifee/







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Atlantis Mortgage Releases Mortgage Connect, a Unique Interactive Mobile App Designed to Enhance the Borrower and Realtor Experience

Thursday, April 17th, 2014


Farmington Hills, MI (PRWEB) April 09, 2014

Atlantis Mortgage announced the release of their state of the art proprietary smart phone app developed and designed to enhance the lending experience. App features are highlighted by real time updates, secure data share and communication portal. The Mortgage Connect mobile app connects the borrower, Realtor, loan officer and title companies in a secure and highly interactive lending ecosystem. Smartphone users now have useful and important features at the fingertips of the. This application allows customers and Realtor partners the ability to point, capture and securely share time sensitive documents required for underwriting, approval or closing. This tool essentially transforms the loan process, making it easy, convenient and simple for customers to get real-time loan status updates, communicate with all relevant entities, share data and remain engaged. Mortgage Connect offers true transparency for all parties involved in the loan process.

The launch of Mortgage Connect demonstrates Atlantis Mortgages never ending commitment to better serve their market. Atlantis spokesperson, Jeremy Stybel, stated: Atlantis Mortgage prides itself on offering our borrowers the best experience possible and we look to assist our Realtor partners with tools designed to help them differentiate themselves in their respective markets. We understand we are now in the midst of a paradigm shift to mobile and we need to adopt new enterprise practices to meet consumer demands. Our companys goal is to always combine integrity and customer service with the latest advances in technology to offer an exceptional experience.

Easy Mortgage Apps LLC (EMALLC) spokesperson, Michael Kelleher, was excited about the opportunity to work with Atlantis Mortgage. He applauds Atlantis for the role they are playing in the industry, Jeremy Stybel is a true industry visionary and his forward thinking mindset will benefit not only his borrowers but his market in general. We are excited to partner with such a forward thinking organization. We truly enjoy helping early adopters like Atlantis Mortgage bring their mobile vision to fruition.”

About Atlantic Mortgage

Since 2002, Atlantis Mortgage has been providing unparalleled customer service, excellent rates and little- or no-closing cost mortgages in Michigan, Indiana, California, Texas and Virginia. Our unique ability to work directly with lendersnot retail loan officersallows us to price all our loans at the lowest rates with the lowest possible closing costs.

About EasyMortgageApps.com

Easy Mortgage Apps LLC (EMALLC), located in Massachusetts, builds todays most innovative mobile apps for lending companies. As a leader in mobile technology for mortgage apps, they utilize many of todays most efficient features to give customers all the essential details they need to manage their loan app. For more information, please visit: http://www.easymortgageapps.com/.

Mortgage Connect is free and available for download at either the iTunes App Store for iPhone or Google Play for Droid smart phones. Industry sources reveal that Easy Mortgage Apps LLC (EMALLC) worked closely with Atlantis Mortgage in developing the new mobile app. This means that the tool is well integrated with the Atlantis Mortgage loan origination system to offer the customer the best experience. EMALLC is a Massachusetts-based company that builds innovative apps that make the chore of mortgage loan processing much simpler. Their successful mobile strategy has moved them to the forefront of mobile technology for mortgage apps.

Company: Atlantis Mortgage

Media Contact: Jeremy Stybel

Phone: 248-985-6000

Email: Jeremy(at)AtlantisMortgage(dot)com







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