Market Review

Blog Image: 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 application to fund turn time from 27 days in January down to 24.  This has a lot to do with when the seller is ready to close as well.  Year-to-date, over 40 transactions, we have averaged 20.6 days to get final approval and 24.9 days to fund.  Keep in mind this is the average, with everyone working towards a common goal I would say we ...

April 17th, 2017 | Financial Markets, Mortgage Market Review, Southern Nevada Real Estate Data, Need for Speed

Blog Image: 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 Mae is comfortable with the condo development and will buy loans from mortgage companies in “warrantable” projects…In short, Fannie Mae has given its stamp of approval.  All lenders big and small, from mega banks (BofA, Wells Fargo Chase etc) to small boutique lenders sell their loans to the agencies…Mega banks stil...

March 27th, 2017 | Financial Markets, Mortgage Market Review, Southern Nevada Real Estate Data, condo financing, Condo Market Returns

Blog Image: 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 are typically the slowest months of the year, and it makes for the perfect recipe to being able to provide for a fast close of escrow on purchases. For the month of February, my team averaged 19 days to go from application to final approval and 24 days to go from application to funding. TRENDING Also- Condo financing coming back!Sup...

March 5th, 2017 | Financial Markets, Southern Nevada Real Estate Data, Mortgage Market Review, Benefits to Higher Rates?

Blog Image: 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 look to capture as much volume as they can and are desperate to get it because a large percentage of their business (refinances) is down significantly.  The discount lures the buyer in.  The problem is they aren’t really wired to handle purchase business all that well, so it can result in a declined loan at an inopportune time...

February 19th, 2017 | Financial Markets, Southern Nevada Real Estate Data, Mortgage Market Review, Buyer Beware of Discounted Rate Offers

Blog Image: Trumpenomics Effect on Mortgage Rates

Trumpenomics Effect on Mortgage Rates

2016 statistics for Maltese TeamMy team helped nearly 160 families secure financing for 2016Average # of days to go from application to final approved was 25 daysAverage # of days to go from application to funded was 27.5 daysQuickest close took only 9 daysThank you sincerely for trusting me with your clients financing needs.  Our goal is to help 250 families this year and most importantly continue to improve on our customer service.  Cheers to a great 2017!Financial MarketsThe Dow Jones topped 20,000 this past week, which is widely considered a monumental break through. The latest m...

January 31st, 2017 | Financial Markets, Southern Nevada Real Estate Data, Mortgage Market Review, Trumpenomics Effect on Mortgage Rates

Blog Image: Jingle Bond Market Rocked

Jingle Bond Market Rocked

Product Alert!Home is Possible for Teachers rolled out.  Available for the first 300 applicants.  Unlike the standard HIP product offering, this will have limited availability.  It is a $10,000 forgivable loan accompanied with a rate that is lower than current market rates.  Message me for details. Financial MarketsThe Dow Jones Index is just a mini rally away from reaching 20,000, as it closed on Friday at 19,843.  Stocks pulled back on news that a Chinese Navy vessel captured a US underwater drone.  A prime example of how fickle the markets can be...

December 18th, 2016 | Mortgage Market Review, Southern Nevada Real Estate Data, Financial Markets, Jingle Bond Market Rocked

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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.