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Mortgage & Market Updates

Housing Inventory Inching Up-Rates Inching Down

Housing Inventory Inching Up-Rates Inching Down

Operation Affordable Housing continues as the operations team works on vetting through every condo development in Las Vegas.  The past 2 weeks we have submitted 8 new projects for approval.  Keeping the list current is a task in itself as the approvals ar

Sep 11, 2017 | Mortgage Market Reviews Mortgage Market Review Financial Markets Southern Nevada Real Estate Data

Trump Tax Proposal Bad for Housing?

Trump Tax Proposal Bad for Housing?

Turn Times For Maltese GroupWith April in the books, Maltese Group closed 57 loans year to date with average application to final approval turn times of 21.8 days. Trending…What’s in Trump’s Tax proposal, if it passes, how does it

May 07, 2017 | Financial Markets Mortgage Market Review Southern Nevada Real Estate Data

Need for Speed

Need for Speed

Turn times for Maltese Group-"I have the need, the need for speed"With March in the books, we ended the month with an average of 21 days from application to final approval and 24 days for approval to fund.  We have shaved down the applicati

Apr 17, 2017 | Financial Markets Mortgage Market Review Southern Nevada Real Estate Data

Condo Market Returns

Condo Market Returns

Trending…Condos…With values climbing, it is a critical component to the path of home ownership for first time home buyers.   So why is it so hard to get financing?? What does “Warrantable” mean?  It means Fannie Ma

Mar 27, 2017 | Financial Markets Mortgage Market Review Southern Nevada Real Estate Data

Benefits to Higher Rates?

Benefits to Higher Rates?

With rates going up, many mortgage companies should find themselves in the enviable, or unenviable position depending on your perspective, of being over-staffed.  Combine that with the seasonality of the real estate market, where January and February

Mar 05, 2017 | Financial Markets Southern Nevada Real Estate Data Mortgage Market Review

Buyer Beware of Discounted Rate Offers

Buyer Beware of Discounted Rate Offers

We are seeing some of the bigger banks and online institutions go on sale and offer heavily discounted rates to customers as of late.  This is actually typical when rates go up.  The companies that have a high concentration of refinance business

Feb 19, 2017 | Financial Markets Southern Nevada Real Estate Data Mortgage Market Review