LW Integrity Funding for the People

Blogging w/ Integrity Market tips, insights and random thoughts.


Numbers measure the main difference between a mortgage company and a bank. A mortgage company can provide a number of mortgage options that a bank cannot. A bank, on the other hand, can offer a sense of customer service beyond what can be found behind a toll-free number. Each has advantages that can mean saving thousands.
Barclays estimates that mortgages being refinanced from Federal Housing Administration-backing to private-insured loans currently account for about 20% of all FHA refinance activity, according to a recent report. However, improving home prices and increased PMI availability could further open up a refinancing outlet for certain FHA borrowers over time.
Home values rose for the 15th consecutive month in January, according to Zillow’s most recent Real Estate Market Reports.

**product highlight** Don’t forget to ask about our 3% down conventional loan program to see if you or your clients qualify ! The mortgage insurance is low~ NO FUNDING FEE ~and you can get 3% seller concessions..... Its like and FHA but it’s not :) yay & happy weekend :)



Though home foreclosures continue to be a challenge in many hard-hit markets, a report released this week by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul. According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying home values are rising. Foreclosure prices are at a 10-year low (when the sizes of foreclosed homes are factored in). This trend of a rising underlying market accompanied by stabilizing foreclosure prices is the first encouraging development in the housing recession, according to FNC Senior Research Economist, Dr. Yanling Mayer.
A sharply divided Congress isn't likely to jump at President Barack Obama's challenge for quick passage of a mortgage refinancing bill that supporters say could help millions of homeowners save big each year and boost the economy. Obama praised the legislation in his State of the Union speech last week, saying the proposal would help more homeowners with mortgages backed by Fannie Mae and Freddie Mac take advantage of low interest rates and refinance their loans.
LW Integrity Funding - 4498 Main Street - Amherst, NY 14226 Office Phone: 716-873-3500 x332