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The Mortgage Blog of The Rosenblatt Group

Apartment Availability Declines

According to Fitch Ratings’ annual U.S. CMBS loan default study, commercial mortgage backed securitization defaults fell for the fourth year in a row, decreasing to the lowest level seen in six years. The study found that apartment availability is also declining, causing rent to jump in many areas. The national apartment vacancy rate fell .03% from 2012, averaging 4.2%. A Fitch expert said, “significant amounts of new supply are beginning to come online in many markets, which could temper additional rent growth and drive up vacancy. Demographic trends continue to favor a strong rental housing market with a growing population of young Americans, who traditionally rent. Fitch expects multifamily defaults in legacy CMBS to stabilize near current levels.” More here

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Parents Advised To Educate Children On Reverse Mortgage Options

Reverse mortgage and elder law experts are saying that many children of parents who are considering a reverse mortgage are openly opposed to the idea, and influence their parents to decline the option. Experts say it is logical for children to be concerned with their inheritance, but many older adults have no other financial option. It is advised that parents, who choose to involve their children, educate them thoroughly about reverse mortgages. Elder law attorney, Deborah S. Ball suggests that when children are completely informed about reverse mortgages, they are more likely to support the decision. More here

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Mortgage Rates Ease

According to the latest Primary Mortgage Market Survey released by Freddie Mac, mortgage rates have fallen slightly. The national average 30-year fixed-rate mortgage fell 0.7% from last week, averaging 4.34% this week. The national average 15-year, fixed-rate mortgage decreased 0.9% from last week, averaging 3.38%. Additionally, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.09%, and the 1-year Treasury-index ARM came in at 2.41%.  Frank Nothaft, the vice president and chief economist at Freddie Mac said, “mortgage rates eased a bit following the decline in 10-year Treasury yields. Also, the economy added 192,000 jobs in March, which was below the market consensus forecast, but followed an upward revision of 22,000 jobs in February. Meanwhile, the unemployment rate held steady at 6.7 percent.” 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

Apply Online | Email Me

 

April 2014
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