How is the 2016 housing market shaping up? According to at least one expert source it's looking good! According to mortgage investing giant Freddie Mac, fewer mortgage delinquencies, paired with stronger home purchase applications and a growing economy point to a favorable year for housing. This is good news for buyers, sellers, homeowners and real estate professionals.Read More
The AmeriFirst Home Buyer Learning Center
HousingWire recently reported on a national company under scrutiny - and paying the price - for allegedly deceptive marketing tactics. The investigation and resulting lawsuit centers around biweekly mortgage payment services. This is something we've covered in the past.Read More
Good news and the US government don't seem to go hand in hand...especially in relation to the housing market. However, a bill making its way through Congress - HR 5771 - will help homeowners who need it. Whether you own your home and you pay mortgage insurance or you're underwater on your mortgage payments, this bill may be a big deal to you.Read More
There's a lot of housing market news in the media today that centers on Fannie Mae and Freddie Mac, and the government's response to the housing crisis of the mid-2000's. In fact, AmeriFirst has already answered the question "Are Freddie Mac and Fannie Mae profitable?" In essence, yes they are.
Have Fannie Mae and Freddie Mac Turned the Corner?
You've probably heard on the evening news, the news and opinion shows and the morning shows about a possible or impending "FHA bailout." That's a scary headline to first time home buyers and anyone watching the housing market. A lot of talking heads on TV are calling for blood when it comes to the FHA, as they look to spread the blame somewhere, anywhere when it comes to the current housing market. There's just one problem: the facts get in the way of a good story. With nearly 30 years experience in the mortgage and housing market industry, Mark Jones has seen a lot of change. With that level of experience, Jones is a good source of wisdom and opinion on the current market and where it's headed next. Jones is also the co-founder and president of AmeriFirst Home Mortgage.
How the S&P Credit Downgrade Affects Mortage Interest Rates
AmeriFirst Home Mortgage President and Co-founder Mark Jones says he agrees with Warren Buffett - the credit downgrade is a political move, not a financial one. Buffett says the S&P made a mistake and the U.S. deserved a "quadruple A" rating. President Obama agreed in his Monday speech. It seems at least one market also followed this reasoning, as home mortgage interest rates fell on the heels of the S&P downgrade.