Market Monitor 8.27.2014

Existing Home Sales Increase in July The sale of existing homes (not new construction) increased 2.4 percent over last year in July according to the National Association of Realtors (NAR). This is the fourth month in a row where existing … Continue reading

Renting Offers Underwater Homeowners a New Opportunity

A strange new phenomenon is happening in the housing market; underwater homeowners are moving up into larger homes by renting their current homes. Homeowners wanting to move up and build wealth are taking advantage of double-digit appreciation and high rental … Continue reading

Weekend Fun – Labor Day Activities

Labor Day weekend is a great time to take the whole family to a ball game. Nothing tastes better than stadium peanuts and a ball park hot dog while cheering on the local team. Boise’s Hawks play a double header … Continue reading

Niche Programs to Meet Your Clients Needs

If you have clients purchasing a unique property or who have an unconventional situation, there are products in the PRM portfolio that can potentially meet their needs! Here is a recap of some of the “out-of-the-box” niche programs that just might … Continue reading

USDA Turn Times Update

Once your USDA files have completed PRM’s appraisal and underwriting process, they are immediately submitted to USDA. Current approvals from USDA are being quoted at 37 business days When writing any new purchase contracts, don’t forget to account for the … Continue reading

Weekend Fun – Local Hikes with Fido

The Pacific Northwest is bursting with dog-friendly hiking trails. From the coast, mountains, or the desert, hiking with your dog can be a fascinating way to explore the wilderness from a canine perspective for a little weekend fun. As summer … Continue reading

Market Monitor 8.20.2014

Cash Sales 38% of All Home Sales in Q2 According to RealtyTrac, the number of home sales by private and institutional investors purchasing single family homes with cash dropped from 42% in Q1 to 38% in Q2. These numbers are … Continue reading

FannieMae Updates Waiting Periods for Derogatory Credit

FannieMae (FNMA) recently released Announcement SEL-2014-10, which includes changes to waiting periods for derogatory credit events (bankruptcy, short sale, foreclosure). The new announcement, which takes effect August 16, 2014, simplifies existing waiting periods for conforming mortgages backed by FannieMae. Most … Continue reading

Market Monitor 8.13.2014

Changes How Medical Debt Is Treated Could Raise FICO Scores FICO is adjusting its credit score system, separating medical debt from all other consumer debt. This would lower the overall impact that medical debt has on a consumer’s overall credit … Continue reading

Benefits of Automatic Mortgage Payments

Preserve your credit and save money with these three great tips! 1 – Your Credit Rating: By having the schedule predetermined, you won’t risk a late payment. Mortgage payment history is heavily weighted in a credit score and a few little … Continue reading