Monthly archive for November 2016

Is another house flipping boom on the horizon?

house in shape of up arrow

Did you know that nearly 40,000 people flipped properties in the second quarter of this year? That’s the most house flipping done in the U.S. since the second quarter of 2007, according to a recent report from ATTOM Data Solutions, an Irvine, CA-based real estate information company formerly known as RealtyTrac. This data comes from the company’s analysis of public sales deeds of more than 950 counties, representing 80% of the U.S. population, on homes that were bought and then sold within a 12-month period. Does this mean a house flipping boom is on the way? Well, yes and no.

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Fannie and Freddie Mortgage Limits to Increase in 2017

house money keys

The U.S. Federal Housing Finance Agency (FHFA) announced recently that it has raised the maximum limit on mortgages Fannie Mae and Freddie Mac can acquire in 2017, marking the first increase in over a decade. The last time the FHFA raised limits for Fannie and Freddie was in 2006. Now, more than 10 years later, higher home prices have likely contributed to FHFA’s decision to increse maximum conforming loan amounts.

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Happy Thanksgiving

In this time of gratitude, we give thanks for you. We value your trust and appreciate your confidence in us. Counting you among our customers is something for which we are especially grateful. On behalf of all of us at Mid America Mortgage, we wish you a very happy Thanksgiving.

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Our Brands

The various mortgage brands run by Mid America Mortgage, Inc.

Contact Us

Company Headquarters:
Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
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Wholesale Division
550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

Join the TEAM

At Mid America Mortgage, Inc. we're always looking for talented mortgage professionals to join our growing team. We're an Equal Opportunity Employer offering a highly competitive compensation and benefits package.

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