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PRACTICAL MORTGAGE
 Continuing Education for Real Estate Agents
MEET ME

 DAN GREEN
 LOAN OFFICER SINCE 2003
 STUDENT OF THE GAME

 HTTP://THEMORTGAGEREPORTS.COM
COURSE OUTLINE
COURSE OUTLINE

     1. MORTGAGE-BACKED
     
 SECURITIES MARKET
COURSE OUTLINE

     1.   MORTGAGE-BACKED
     
    SECURITIES MARKET
     2.   HOW AND WHY MORTGAGE
     
    RATES MOVE
COURSE OUTLINE

     1.   MORTGAGE-BACKED
     
     SECURITIES MARKET
     2.   HOW AND WHY MORTGAGE
     
     RATES MOVE
     3.   LOAN COSTS AND
     
     COMPARING MORTGAGES
COURSE OUTLINE

     1.   MORTGAGE-BACKED
     
     SECURITIES MARKET
     2.   HOW AND WHY MORTGAGE
     
     RATES MOVE
     3.   LOAN COSTS AND
     
     COMPARING MORTGAGES
     4.   CONFORMING MORTGAGES
COURSE OUTLINE

     1.   MORTGAGE-BACKED
     
     SECURITIES MARKET
     2.   HOW AND WHY MORTGAGE
     
     RATES MOVE
     3.   LOAN COSTS AND
     
     COMPARING MORTGAGES
     4.   CONFORMING MORTGAGES
     5.   FHA MORTGAGES
COURSE OUTLINE

     1.   MORTGAGE-BACKED
     
     SECURITIES MARKET
     2.   HOW AND WHY MORTGAGE
     
     RATES MOVE
     3.   LOAN COSTS AND
     
     COMPARING MORTGAGES
     4.   CONFORMING MORTGAGES
     5.   FHA MORTGAGES
     6.   NON-CONFORMING
     
     MORTGAGES
COURSE OUTLINE

     1.   MORTGAGE-BACKED
     
     SECURITIES MARKET
     2.   HOW AND WHY MORTGAGE
     
     RATES MOVE
     3.   LOAN COSTS AND
     
     COMPARING MORTGAGES
     4.   CONFORMING MORTGAGES
     5.   FHA MORTGAGES
     6.   NON-CONFORMING
     
     MORTGAGES
     7.   PREDICTING MORTGAGE
     
     RATES
MORTGAGE-BACKED BONDS
MORTGAGE-BACKED BONDS
 Understanding mortgage-backed bonds
MORTGAGE-BACKED BONDS
       Bonds are safe
MORTGAGE-BACKED BONDS
Pricing in the mortgage-backed bond market
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS
MORTGAGE-BACKED BONDS
Other Things That Don't Control Mortgage Bonds
MORTGAGE-BACKED BONDS
Other Things That Don't Control Mortgage Bonds
MORTGAGE-BACKED BONDS
Other Things That Don't Control Mortgage Bonds
MORTGAGE-BACKED BONDS
   How MBS relates to mortgage rates
MORTGAGE DELIVERY CHANNELS




                   Courtesy: cwbuecheler
MORTGAGE DELIVERY CHANNELS
   Mortgage Banker vs Mortgage Broker
MORTGAGE DELIVERY CHANNELS
   Mortgage Banker vs Mortgage Broker
MORTGAGE DELIVERY CHANNELS
   Mortgage Banker vs Mortgage Broker
MORTGAGE DELIVERY CHANNELS
    Brokers : Yield Spread Premium
MORTGAGE DELIVERY CHANNELS
    Banks : Servicing Release Premium
RATE SHEETS
   Par pricing
RATE SHEETS
  Discount Points
RATE SHEETS
    Rebate
RATE SHEETS
There’s no such thing as “today’s rate”
RATE SHEETS
There’s no such thing as “today’s rate”
RATE SHEETS
There’s no such thing as “today’s rate”
RATE SHEETS
There’s no such thing as “today’s rate”
HOW MORTGAGE RATES MOVE
HOW MORTGAGE RATES MOVE
       Economic Forces
HOW MORTGAGE RATES MOVE
       Geopolitical Forces
HOW MORTGAGE RATES MOVE
       Geopolitical Forces
HOW MORTGAGE RATES MOVE
       Technical Forces
HOW MORTGAGE RATES MOVE
       Technical Forces
HOW MORTGAGE RATES MOVE
       It's a roller coaster
BREAK / Q&A
UNDERSTANDING LOAN COSTS
UNDERSTANDING LOAN COSTS
GOOD FAITH ESTIMATE
GOOD FAITH ESTIMATE
     Origination Charges
GOOD FAITH ESTIMATE
     Origination Charges
GOOD FAITH ESTIMATE
      Prepaid Items
GOOD FAITH ESTIMATE
     Third-Party Charges
GOOD FAITH ESTIMATE
   Comparing Mortgage Costs
ANNUAL PERCENTAGE RATE
      Understanding APR
ANNUAL PERCENTAGE RATE
      Understanding APR
ANNUAL PERCENTAGE RATE
      Understanding APR
ANNUAL PERCENTAGE RATE
      Understanding APR
ANNUAL PERCENTAGE RATE
       APR for ARMs
MORTGAGE RATE COMPARISONS
       Multi-variate math
MORTGAGE RATE COMPARISONS
       Multi-variate math
MORTGAGE RATE COMPARISONS
       Multi-variate math
MORTGAGE RATE COMPARISONS
       Multi-variate math
MORTGAGE RATE COMPARISONS
       Multi-variate math
MORTGAGE RATE COMPARISONS
       Multi-variate math
CONFORMING MORTGAGES
CONFORMING MORTGAGES
   Traits of conforming mortgages
CONFORMING MORTGAGES
      Investor overlays




                          Courtesy: Dan Brady
CONFORMING MORTGAGES
      Investor overlays




                          Courtesy: Dan Brady
CONFORMING MORTGAGES
    “Special” loan programs
CONFORMING MORTGAGES
   Loan-level pricing adjustments
CONFORMING MORTGAGES
   Loan-level pricing adjustments
CONFORMING MORTGAGES
   Loan-level pricing adjustments
CONFORMING MORTGAGES
   Loan-level pricing adjustments
CONFORMING MORTGAGES
   Loan-level pricing adjustments
CONFORMING MORTGAGES
   Loan-level pricing adjustments
CONFORMING MORTGAGES
   Loan-level pricing adjustments
FHA MORTGAGES
FHA MORTGAGES
Traits of FHA-backed mortgages
FHA MORTGAGES
FHA mortgage insurance premiums
BREAK / Q&A
NON-CONFORMING MORTGAGES
NON-CONFORMING MORTGAGES
   Traits of non-conforming mortgages
NON-CONFORMING MORTGAGES
       Jumbo mortgages




                         Courtesy: Rusty Boxcars
NON-CONFORMING MORTGAGES
       Portfolio mortgages
NON-CONFORMING MORTGAGES
      HELOCs and HELOANs
GAME TIME
Predict what mortgage rates will do next
CONGRATULATIONS
  You're 3 CE Credits Richer

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Hinweis der Redaktion

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