Author Archives: Superior Mortgage Lending LLC

About Superior Mortgage Lending LLC

Superior Mortgage Lending LLC is a full service mortgage broker located in Las Vegas, Nevada. Our goal is to provide excellent service to you throughout the process. NMLS # 372130 Nevada License # 3582 California License # 603K964 Arizona License # 0119906 8867 W Flamingo Road STE 200 Las Vegas, NV 89147 (702)507-4170 / www.superiorml.com

Hurricane Season Bears Down—With 7 Million Homes at Risk and a Federal Flood-Insurance Program Set to Expire

Posted on September 11, 2018 by Superior Mortgage Lending LLC

If this summer has had you trying to get to grips with hurricane season, you’re not alone. Millions of homes across the U.S. sit in harm’s way, and the resulting damage could be in the trillions of dollars, according to … Continue reading →

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Mortgage Rates Highest in Over a Month

Posted on September 10, 2018 by Superior Mortgage Lending LLC

Mortgage rates were slightly higher today, depending on the lender.  Many lenders ended up raising rates last Friday afternoon as underlying bond markets weakened.  The remaining lenders had more distance to cover in terms of getting caught up with market movements.  The … Continue reading →

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Why Las Vegas Luxury Real Estate Is The Next Big Market Boom

Posted on August 27, 2018 by Superior Mortgage Lending LLC

The Current Las Vegas Real Estate Market Realtor.com hailed the city as the No. 1 real estate market in the country this year, a feat that the city failed to achieve before. The year 2018 already showed strong numbers that make this … Continue reading →

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Mortgage Rates Drop, Home Prices Rise

Posted on August 23, 2018 by Superior Mortgage Lending LLC

Mortgage rates were on the decline for the third consecutive week, according to new data from Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 4.51 percent for the week ending Aug. 23, down from last week when it averaged 4.53 percent. The 15-year … Continue reading →

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Treasury Weighs in With Mortgage Industry Recommendations

Posted on August 21, 2018 by Superior Mortgage Lending LLC

The Treasury Department has recommended some sweeping changes for consumer financial services including some directly impacting the mortgage industry. A new report recognizes the growing importance of non-depository institutions in the mortgage system, attributing it in part to various factors that have raised … Continue reading →

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How Much House Can Your Afford?

Posted on August 20, 2018 by Superior Mortgage Lending LLC

What is a Conventional Mortgage Loan? A conventional loan is any loan not insured or guaranteed by a government agency such as (FHA) Federal Housing Administration, (VA) Department of Veterans Affairs and (FmHA) Farmers Home Administration. Convention Loans are secured … Continue reading →

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Subservicing, Non-QM Products; Agencies Active in Capital Markets

Posted on August 13, 2018 by Superior Mortgage Lending LLC

Aug 13 2018, 8:37AM Don’t think that correct mortgage documentation is important? Think again, or ask Citigroup. The Federal Reserve said Friday it had fined Citigroup $8.6 million over poor quality mortgage documentation practices at its CitiFinancial subsidiary in 2015. … Continue reading →

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Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy

Posted on July 23, 2018 by Superior Mortgage Lending LLC

PHILADELPHIA (Reuters) – By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing … Continue reading →

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Builder Confidence: Strong but Unchanged, Material Costs Rising

Posted on July 17, 2018 by Superior Mortgage Lending LLC

As analysts had expected, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) remained at 68 this month.  The reading still indicates a strong level of builder confidence in the new home market, but the HMI has been … Continue reading →

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Financing a Condo? Recent Guideline Changes Could Make a Big Difference

Posted on July 9, 2018 by Superior Mortgage Lending LLC

Fannie Mae recently made some fairly big changes to the condo underwriting process.  While it may not affect everyone in the market for a condo, it will make all the difference for others.  MND community member Ted Rood provided this … Continue reading →

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