Mid America Mortgage Blog

Mortgage rates reach highest levels in seven years

Investors Concerned by ECB, Economic Data on Target Overview: Over the past week, mortgage rates reached their highest levels in seven years, mainly due to comments by a European Central Bank (ECB) official. The major U.S. economic data came in close to expectations and caused little reaction. On Monday, comments from an ECB official were viewed by investors as a little more hawkish than expected, meaning in favor of a faster pace of rate hikes. François Villeroy de Galhau, the governor of the Bank of France, said that the ECB might soon provide guidance about the timing of its first rate

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Mid America Mortgage to Offer Warehouse Lines of Credit on Seasoned and ‘Scratch and Dent’ Loans

ADDISON, Texas, May 14, 2018 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced that the firm has expanded its relationship with Spectrum Mortgage Holdings, LLC (Spectrum) to offer warehouse lines of credit in conjunction with its Whole Loan Purchase program. This will provide sellers the flexibility to finance loans being sold to Mid America, including seasoned and “scratch and dent” loans. “Managing aging loans and capital ratios on traditional warehouse lines of credit can be challenging for even the most experienced mortgage banker,” Bode said. “By adding warehouse financing to

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The Differences Between Real Estate Tax Values

money close up

  What’s a home really worth? It seems like a simple question. Unfortunately, like so many other seemingly simple real estate questions, the answer is…well, a little complicated. First let’s talk about worth, or value. And just to clarify, we’re not talking about emotional, sentimental or nostalgic value. We’re talking about cold, hard cash value. In other words, what a home would realistically fetch in the current market. That’s value. Still, a home’s value may vary depending on the type of value you’re talking about. When it comes to real estate, there are three main types of values: the tax

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Addison, TX 75001
Phone: 214-261-3300
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Lisle, IL 60532
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