1.
PRACTICAL MORTGAGE
Continuing Education for Real Estate Agents

2.
MEET ME
DAN GREEN
LOAN OFFICER SINCE 2003
STUDENT OF THE GAME
HTTP://THEMORTGAGEREPORTS.COM

3.
COURSE OUTLINE

4.
COURSE OUTLINE
1. MORTGAGE-BACKED
SECURITIES MARKET

5.
COURSE OUTLINE
1. MORTGAGE-BACKED
SECURITIES MARKET
2. HOW AND WHY MORTGAGE
RATES MOVE

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

7.
COURSE OUTLINE
1. MORTGAGE-BACKED
SECURITIES MARKET
2. HOW AND WHY MORTGAGE
RATES MOVE
3. LOAN COSTS AND
COMPARING MORTGAGES
4. CONFORMING MORTGAGES

8.
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

9.
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

10.
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

11.
MORTGAGE-BACKED BONDS

12.
MORTGAGE-BACKED BONDS
Understanding mortgage-backed bonds

13.
MORTGAGE-BACKED BONDS
Bonds are safe

14.
MORTGAGE-BACKED BONDS
Pricing in the mortgage-backed bond market

15.
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS

16.
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS

17.
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS

18.
MORTGAGE-BACKED BONDS
The relationship between Treasuries and MBS

19.
MORTGAGE-BACKED BONDS
Other Things That Don't Control Mortgage Bonds

20.
MORTGAGE-BACKED BONDS
Other Things That Don't Control Mortgage Bonds

21.
MORTGAGE-BACKED BONDS
Other Things That Don't Control Mortgage Bonds

22.
MORTGAGE-BACKED BONDS
How MBS relates to mortgage rates

23.
MORTGAGE DELIVERY CHANNELS
Courtesy: cwbuecheler

24.
MORTGAGE DELIVERY CHANNELS
Mortgage Banker vs Mortgage Broker

25.
MORTGAGE DELIVERY CHANNELS
Mortgage Banker vs Mortgage Broker

26.
MORTGAGE DELIVERY CHANNELS
Mortgage Banker vs Mortgage Broker

27.
MORTGAGE DELIVERY CHANNELS
Brokers : Yield Spread Premium

28.
MORTGAGE DELIVERY CHANNELS
Banks : Servicing Release Premium

29.
RATE SHEETS
Par pricing

30.
RATE SHEETS
Discount Points

31.
RATE SHEETS
Rebate

32.
RATE SHEETS
There’s no such thing as “today’s rate”

33.
RATE SHEETS
There’s no such thing as “today’s rate”

34.
RATE SHEETS
There’s no such thing as “today’s rate”

35.
RATE SHEETS
There’s no such thing as “today’s rate”

36.
HOW MORTGAGE RATES MOVE

37.
HOW MORTGAGE RATES MOVE
Economic Forces

38.
HOW MORTGAGE RATES MOVE
Geopolitical Forces

39.
HOW MORTGAGE RATES MOVE
Geopolitical Forces

40.
HOW MORTGAGE RATES MOVE
Technical Forces

41.
HOW MORTGAGE RATES MOVE
Technical Forces

42.
HOW MORTGAGE RATES MOVE
It's a roller coaster

43.
BREAK / Q&A

44.
UNDERSTANDING LOAN COSTS

45.
UNDERSTANDING LOAN COSTS

46.
GOOD FAITH ESTIMATE

47.
GOOD FAITH ESTIMATE
Origination Charges

48.
GOOD FAITH ESTIMATE
Origination Charges

49.
GOOD FAITH ESTIMATE
Prepaid Items

50.
GOOD FAITH ESTIMATE
Third-Party Charges

51.
GOOD FAITH ESTIMATE
Comparing Mortgage Costs

52.
ANNUAL PERCENTAGE RATE
Understanding APR

53.
ANNUAL PERCENTAGE RATE
Understanding APR

54.
ANNUAL PERCENTAGE RATE
Understanding APR

55.
ANNUAL PERCENTAGE RATE
Understanding APR

56.
ANNUAL PERCENTAGE RATE
APR for ARMs

57.
MORTGAGE RATE COMPARISONS
Multi-variate math

58.
MORTGAGE RATE COMPARISONS
Multi-variate math

59.
MORTGAGE RATE COMPARISONS
Multi-variate math

60.
MORTGAGE RATE COMPARISONS
Multi-variate math

61.
MORTGAGE RATE COMPARISONS
Multi-variate math

62.
MORTGAGE RATE COMPARISONS
Multi-variate math

63.
CONFORMING MORTGAGES

64.
CONFORMING MORTGAGES
Traits of conforming mortgages

65.
CONFORMING MORTGAGES
Investor overlays
Courtesy: Dan Brady

66.
CONFORMING MORTGAGES
Investor overlays
Courtesy: Dan Brady

67.
CONFORMING MORTGAGES
“Special” loan programs

68.
CONFORMING MORTGAGES
Loan-level pricing adjustments

69.
CONFORMING MORTGAGES
Loan-level pricing adjustments

70.
CONFORMING MORTGAGES
Loan-level pricing adjustments

71.
CONFORMING MORTGAGES
Loan-level pricing adjustments

72.
CONFORMING MORTGAGES
Loan-level pricing adjustments

73.
CONFORMING MORTGAGES
Loan-level pricing adjustments

74.
CONFORMING MORTGAGES
Loan-level pricing adjustments

75.
FHA MORTGAGES

76.
FHA MORTGAGES
Traits of FHA-backed mortgages

77.
FHA MORTGAGES
FHA mortgage insurance premiums

78.
BREAK / Q&A

79.
NON-CONFORMING MORTGAGES

80.
NON-CONFORMING MORTGAGES
Traits of non-conforming mortgages

81.
NON-CONFORMING MORTGAGES
Jumbo mortgages
Courtesy: Rusty Boxcars

82.
NON-CONFORMING MORTGAGES
Portfolio mortgages

83.
NON-CONFORMING MORTGAGES
HELOCs and HELOANs

84.
GAME TIME
Predict what mortgage rates will do next

85.
CONGRATULATIONS
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