The monthly National Association of Home Builders/Wells Fargo housing market index was unchanged in November at 54. An index reading above 50 indicates positive sentiment about the housing market. Continue Reading »
A quitclaim deed is the simplest way that one person (the grantor) can transfer property, such as a house, to another person (the grantee). It is often used among family members to remove or change ... Continue Reading »
Retail sales rose 1.2% for the week ending November 9, the strongest increase since August, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.3%. Continue Reading »
If you're in the market for a customer relationship management (CRM) system for your real estate business, you have myriad choices. Here are three CRM systems developed specifically for real estate ... Continue Reading »
Effective November 16, 2013, Fannie Mae is changing the LTV/CLTV from 97% to 95% on all conventional, HomePath® Mortgage* and My Community loans. If you have clients who have already pre-qualified ... Continue Reading »
Factory orders rose $8.1 billion, or 1.7%, in September to a seasonally adjusted $490.8 billion. This follows a 0.1% decrease in August. Excluding the volatile transportation sector, orders decreased ... Continue Reading »
Gap analysis is a technique used to measure the difference — or as the name implies — the gap between actual performance and desired performance. Here are the essential steps of conducting a gap ... Continue Reading »
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 1.3% in August after a 1.8% increase in July. On a year-over-year basis, when compared with ... Continue Reading »
Existing home sales fell 1.9% in September to a seasonally adjusted annual rate of 5.29 million units. Compared to a year ago, existing home sales were up 10.7% in September. The inventory of unsold ... Continue Reading »
Compared to last August, home prices increased 12.4% in August 2013. This marks the 18th consecutive month of year-over-year home price gains, according to the latest Home Price Index report by ... Continue Reading »
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending October 11 rose 0.3%. Purchase volume fell 5%. Refinancing applications ... Continue Reading »
Loan inquiries and applications will be referred to a Loan Officer who is licensed in the property's state.
Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (NMLS Identifier #3296, www.nmlsconsumeraccess.org) is a Delaware limited liability company licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; CO licensing regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #16984; Illinois Residential Mortgage Licensee #MB.0006424; Kansas licensed mortgage company; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Mortgage Lender Licensee #3296; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095;Operates as Prospect Lending, LLC in NY located at 711 Westchester Avenue, Suite 304, White Plains, NY 10604 (Licensed Mortgage Banker - NYS Dept of Financial Services); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Loan Broker #20041643LB; Washington Consumer Loan Company License - CL-3296. This is not an offer for extension of credit or a commitment to lend. Loans are currently being closed and committed at the expressed rates, however these rates may change or may not be available at the time of your loan lock-in, commitment or closing. All loans must satisfy company underwriting guidelines. Interest rates and APRs are based on recent market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value ratio, credit score and other variables. Call for details. Terms and conditions apply. Additional loan programs may be available. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.
Our Loan Officers are dedicated to helping you with your home financing needs. Prospect Mortgage, LLC - NMLS Consumer Access | Texas Mortgage Banker Loan Origination Disclosure
HomePath® is a registered trademark of Fannie Mae.