Blog

Nov 13 2018

What’s a home buyer to do when interest rates rise? It’s a question many are considering as the market recovers from the long period of historically low rates following the financial crisis of 2008. With rates rising, buyers worry about getting a bad deal, and what that could mean for long-term financial stability. But that […]

Aug 28 2018

Today we’re proud to highlight Loan Originator David Hail, who was recently ranked 4th out of 1,018 loan officers for second quarter production from the Texas State Affordable Housing Corporation (TSAHC). David, a Branch Manager from Garland, TX has been with Open Mortgage for over five years, and we’re proud to have him on our […]

Jan 29 2018

This year Open Mortgage celebrates 15 years in business, and a big part of that milestone is the people behind it. We are honored to introduce you to various members of our work family in this special series. Today’s post recognizes Regina Park, an Operations Manager in our Austin office who’s worked with Open Mortgage […]

Sep 27 2017

Open Mortgage is committed to keeping all of our customers up to date on today’s reverse mortgage environment. Recently, The Department of Housing and Urban Development (HUD) announced changes to both the Reverse Mortgage Initial Principal Limit (“PL” – the amount you are able to borrow) and the Mortgage Insurance Premium (MIP). These changes have […]

Jul 18 2017

June was another busy month in the red-hot mortgage industry. Here are some recent articles, highlights and tips for homeowners: Fed hikes interest rates and brightens economic outlook The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, June 14. This was the third rate hike since December. Key takeaway: the Fed […]

Jun 16 2017

June 15th, 2017 | by Alex Spanko | HECM, News, Open Mortgage, Reverse Mortgage Back in 2015, when Open Mortgage first entered the wholesale reverse-mortgage marketplace, the Austin, Texas-based firm was mostly just doing a favor for one of its former employees. It all started when an employee-turned-broker provided a lead on an interested borrower, […]

Jun 15 2017

May was another busy month for the mortgage industry. Here are some recent articles, highlights, and homeowner tips: U.S. pending home sales fall; housing market recovery intact Contracts to buy previously owned U.S. homes fell for a second straight month in April amid a supply squeeze. However, the housing market recovery remains supported by a […]

Jun 14 2017

AUSTIN, Texas, June 14, 2017 /PRNewswire/ — Open Mortgage LLC, a leading provider of traditional and reverse mortgages throughout the United States, announced their expanded Wholesale Program for Traditional and Reverse (HECM) Channels. “By joining the Open Mortgage Wholesale Program, partners have access to an extensive network of loan programs, training, marketing, and loan tools. These […]

Apr 19 2017

Over the past several years the economy has improved. The stock market recently reached an all time high, investments have risen, and the unemployment rate has dropped. Now that the economy has improved, interest rates are starting a slow climb to pre-2008 levels. Recently, the Federal Reserve increased the interest rates by a quarter of […]

Dec 12 2016

With less than a month until 2017, the mortgage and housing industries are as active as ever.  Here are some interesting new articles on industry trends and news: Realtor.com 2017 National Housing Forecast Realtor.com, one of the most popular online real estate websites, has released its 2017 housing forecast. The forecast provides useful predictions and […]

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