Market Review

Blog Image: Raising the Standard Deduction, What does it Mean?

Raising the Standard Deduction, What does it Mean?

Maltese Group with Supreme Lending- Update Please join us on December 1st for a lunch and learn regarding condo financing.  Getting condo projects approved has been a humbling process because I am finding out that even I have a lot to learn regarding this topic.  Example, I recently learned that even if the condo development has more owners that live off site, we can STILL lend up to 97% for perspective home buyers that want to buy as a primary residence or we can lend up to 90% for those looking to use the condo as a vacation home.  So, if your client has recently been ...

November 15th, 2017 | Mortgage Market Review, Financial Markets, Southern Nevada Real Estate Data, Raising the Standard Deduction, What does it Mean?

Blog Image: Inventory Squeeze Pushes Prices Higher

Inventory Squeeze Pushes Prices Higher

Maltese Group with Supreme Lending- UpdateRecently we added some new team members to Supreme Lending Summerlin!  In light of the additions, we are looking for an entry level administration position.  It is strongly recommended that the candidate be bi-lingual and speak Spanish.  If you know of anyone looking for an entry level position in the mortgage industry that speaks Spanish, please pass along my contact information 12Financial Markets       All three stock indexes continue to reach new heights, with the NASDAQ closing at 6605, the S and P...

October 17th, 2017 | Mortgage Market Review, Mortgage Market Reviews, Financial Markets, Southern Nevada Real Estate Data, Inventory Squeeze Pushes Prices Higher

Blog Image: Housing Inventory Inching Up-Rates Inching Down

Housing Inventory Inching Up-Rates Inching Down

Maltese Group with Supreme Lending- UpdateOperation 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 are only valid for 6 months and the data within the condo developments is fluid. We will have an updated list this week for you. Year-to-date the group has closed roughly 130 transactions over the first 8 months of the year and averaged final approvals in under 23 days. We are 1 day q...

September 11th, 2017 | Mortgage Market Reviews, Mortgage Market Review, Financial Markets, Southern Nevada Real Estate Data, Housing Inventory Inching Up-Rates Inching Down

Blog Image: Median Priced SFR Reaches Quarter-Million

Median Priced SFR Reaches Quarter-Million

Latest with Maltese Group at Supreme Lending:May was a more challenging operations month as we took on average 22 days to get from application to final approval, also known as “CTC” which stands for “clear to close”… The 23 transactions on average took 27 days from application to fund.  Application to fund is not as important as “application to CTC” because there are instances where the seller would prefer to close later.  That said year to date, we have closed over 65% of our loans in 20 days or less, helping 80 home owners this y...

June 11th, 2017 | condo financing, Financial Markets, Mortgage Market Review, Southern Nevada Real Estate Data, Median Priced SFR Reaches Quarter-Million

Blog Image: Deja Vu All Over Again?

Deja Vu All Over Again?

I think condo financing is the most critical component to help with the health of our housing market so I will continue to educate you on what is available for our clients.  Attached is the FHA condo approved list.  This means you can take your FHA buyer to these communities and not have to stress about the likelihood of securing financing.  I will push out Supreme’s ever growing list of approved condos eligible for conventional financing next week.Financial MarketsThe Dow Jones snapped a six day win streak on Friday, closing at ahead of the 3 day weekend, but still u...

May 29th, 2017 | Financial Markets, Mortgage Market Review, Southern Nevada Real Estate Data, condo affordability, Deja Vu All Over Again?

Blog Image: 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 affect housing?An interesting component to the tax proposal lies in the standard deductions.  The current standard deductions are $12,600 for a married couple.  This means that the couple could opt out of digging through receipts in shoe boxes, list or itemize out dozens of expenses accumulated throughout the year, simply take the st...

May 7th, 2017 | Financial Markets, Mortgage Market Review, Southern Nevada Real Estate Data, Trump Tax Proposal Bad for Housing?

Supreme Lending NMLS 2129

Matt Maltese Branch Manager
NMLS: 369921

10801 West Charleston, Suite 520
Las Vegas, Nevada 89135
Phone: 702-372-2427
Fax: 702-984-4271
Branch Phone: 702 984-4211

Our Location

 http://www.nmlsconsumeraccess.org/

 This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York. For New York applicants, please visit our New York authorized website: www.supremelending.com.

© 2018 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. All rights reserved. Supreme Lending is an Equal Housing Opportunity Lender. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Supreme Lending is not affiliated with any government agency.