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The Mortgage Blog of The Rosenblatt Group

Millennials Have Lowest Home Delinquency Rate

Mortgage delinquencies have fallen for the 10th consecutive quarter in the U.S., decreasing approximately 20% in just the last year. According to a recent report from TransUnion, millennials are helping to keep the delinquency rate down. Millennials have the lowest delinquency rate among all ages right now, averaging 2.43%. The head of financial services for TransUnion, Steve Chaouki said,  “overall, the improvements in the mortgage delinquency rate can be attributed to a number of factors. These include the clearing of severely delinquent accounts through foreclosure as well as a lower rate of new delinquencies from post-recession vintages, which generally are of significantly higher credit quality and have experienced much better performance than mortgages originated before the recession.” More here

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Small Home Repairs That May Help You Save Big

Fixing small problems today in your home can end up saving you thousands of dollars in the future. Experts have given tips to help save money and avoid major catastrophe by addressing small tasks when problems arise. If your electricity bill is much higher than it should be consider checking the insulation on your exterior walls and in your attic. If the amount of insulation is little to none, a new installment may be in order. Proper insulation in all parts of your home can reduce energy consumption significantly. Replace any wet or mold-damaged drywall in your home and look for leaks. Invest in a hot water heater tray to reduce the risk of flooding in your home. Inspect, and if needed, install new windowsills. You can also use exterior caulk to help seal your windows. Another good idea for reducing the electricity bill is to keep your AC unit cleaned out so it will work more efficiently. You can use a leaf blower to remove leaves and debris. More here

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Housing Market Index Reaches Highest Level In 7 Months

According to the National Association of Home Builders/Wells Fargo’s Housing Market Index, this month’s builder confidence for new single-family homes jumped two points, averaging 55, the highest level seen since the beginning of the year. August is the third consecutive month that the Housing Market Index has experienced an increase. The Chairman for the NAHB, Kevin Kelly said, “as the employment picture brightens, builders are seeing a noticeable increase in the number of serious buyers entering the market.” More here

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About Sam:

Sam Rosenblatt is an award-winning mortgage planner who has been providing clients with superior mortgage service since 1995. The Rosenblatt Group at Academy Mortgage Corp. offers Conventional, FHA/VA and USDA; and non-conforming jumbo mortgages.

Experience

In his 19 years as a Loan Officer, Sam has helped thousands of clients finance properties of all sizes. He is consistently recognized as a top producing Loan Officer in the country, appearing in Top 200 Mortgage Originators lists for national trade publications such as Mortgage Originator Magazine, Scotsman Guide, and Mortgage Executive Magazine for the past nine years. Sam has achieved the Top Producing Loan Officer of the Year at Academy for three consecutive years. In 2013 he produced nearly $74 million in total volume and closed 258 loans.

Key Benefits

The Rosenblatt Group’s office is located in Academy Mortgage Corporation’s Mid-Atlantic Regional Operations Center, enabling Sam and his group to provide in-house processing, underwriting and closing, and assuring that your loans will be handled personally and locally. In addition, they have the flexibility to meet demanding closing dates. The Rosenblatt Group’s industry knowledge and competitive rates help ensure customers receive the best possible product and superior service.

Focus/Philosophy

Sam and his team work diligently to offer clients the best possible loan products. They are committed to responsible lending and safeguarding your investment while eliminating risk. “Our goal is to ensure that each person obtains a carefully-tailored loan program that fits their short- and long term financial plans.”

Sam’s goal is to provide services that demonstrate his team is not an impersonal commodity but rather a group of educated, proactive individuals dedicated to finding the most appropriate programs available.

Personal

Sam and his wife Michelle live in Homeland, with their son Bennett and their two dogs.

Contact:

Sam Rosenblatt
Mortgage Planner
NMLS # 75844, MD License # 237
Academy Mortgage Corporation
NMLS # 3113, MD License # 12423
6960 Aviation Blvd., Suite E
Glen Burnie, MD 21061
Office Phone: 410-553-2641
Cell Phone: 410-375-4447
Toll-Free: 888-646-2726
Fax: 443-548-2500

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NMLS Licenses:

NMLS # 75844 | Corp #3113
MD #237 | Corp #12423
DC #MLO75844 | Corp #MLB3113
DE #900717 | Corp #010825
PA #28407 | Corp #22177
Licensed by the Pennsylvania Department of Banking
VA # MLO-6487VA | Corp #MC-5196
Licensed by the State of Virginia