Trends in the Market

May 27, 2020By pam-adminStreet Talk

Rob Chrisman published in his blog this week statistics and observations about the real estate industry and what we’re seeing nationwide. Chrisman notes: According to a Redfin report, 41% of home sales had bidding wars due to an increase in demand for homes and a lack of supply. Homebuyers are beginning to restart their home … Read More

Happy Mother’s Day

May 8, 2020By pam-adminStreet Talk

Mother’s Day is right around the corner and like many other celebrations this year we’re forced to think differently about how we can honor and celebrate those amazing moms in our lives. While we may not be able to physically see mom this year or partake in our “normal” Mother’s Day activities there are numerous … Read More

Join Us

April 28, 2020By pam-adminStreet Talk

We’re committed to making sure we continue to provide our network with updates on what is happening in the mortgage industry and how those changes will impact us all. Dave Stevens, former Commissioner of the FHA under the Obama administration and past president of the Mortgage Bankers Association, spent an hour with Fairway, explaining some … Read More

Sit Back or Lean In?

April 21, 2020By pam-adminStreet Talk

We’re all in a completely new time, and truthfully we have two options. One, we can sit back, stay home and either wait to see how it all plays out; or for many of us, worry about how it will play out. Option two is that we can lean in and use this time to … Read More

Forbearance and its Impacts

April 21, 2020By pam-adminStreet Talk

Forbearance is being talked about everywhere. We wanted to give you the most current information we have on what it means and its possible implications. If you are considering forbearance personally, or providing guidance to clients, please call your current servicer directly and/or advise them to do so. What We Know: Is it FREE? – NO … Read More

Making Adjustments

April 21, 2020By pam-adminStreet Talk

The last few weeks have been filled with figuring out the “new normal.” While there has been a lot going on, I wanted to share why we believe that this will not be like 2008-2009. What is going on currently is specifically related to the COVID-19 pandemic. Most economists are estimating a matter of months to rebound … Read More

What a 0% Fed Funds Rate Really Means For Mortgage Rates

March 17, 2020By pam-adminStreet Talk

As I’m sure you’ve heard, the Fed cut interest rates on Sunday to near 0% and agreed to buy $700 billion in bonds and securities to stabilize financial markets and support the economy. Please do not confuse the fed funds rate with mortgage interest rates. This is uncharted waters and predicting what mortgage rates will … Read More

Chasing Failure

March 3, 2020By pam-adminStreet Talk

At Fairway’s Annual Meeting we had the privilege of listening to Ryan Leak share his story. Ryan is a coach, author, filmmaker, and speaker and he produced a documentary around the idea of chasing failure. He asked the question, “What would you do if you knew you couldn’t fail?” He then decided to tackle his … Read More

Fairway Named Best Mortgage Company to Work For in 2020

February 13, 2020By pam-adminStreet Talk

Fairway Independent Mortgage Corporation was ranked #1 by National Mortgage News as the best mortgage company to work for in 2020 and by for 2019 by Mortgage Executive Magazine; in Delaware we couldn’t agree more! Our goal is to exceed expectations, provide satisfaction, and earn trust by creating a mortgage process that puts people first. … Read More