RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

How to Mix Old Treasures and New Trends at Home

September 19, 2014 1:30 am

(BPT) - It can be difficult to keep up with the latest changes in decorating styles at home, but an increasingly popular design trend may ease the burden, especially if you've kept some family treasures around. Designers are now focused on keeping those traditional accents, furniture pieces or wallpaper and blending them with clean, bright, contemporary elements.

You, too, can incorporate this style in any room of the home, allowing you to display grandmother’s mirror or repurpose aged marble countertops. Use these tips to get the most out of the old and usher in the new:

Accent with white - A great way to give an outdated room a contemporary balance is to accent with white on trim, molding, doors or decorative linens. Blending the soft wood tones of older furniture or dark wood floors with fresh white accents will make the room pop, breathing new life into a treasured heirloom piece you’ve had in your family for years. You can achieve a similar effect in your kitchen with stainless steel finishes.

Add small, vintage touches – Think of ways to repurpose older items. An old six-paned window with cracked and worn wood can become a frame for family photos. Wood from an old barn can be used for a coffee table or fireplace mantel. Mix up the chairs around your dining room table by blending both modern and contemporary styles. These small changes showcase two distinctive styles that work seamlessly together.

Incorporate focal points - If the shell of your room has a contemporary look, add a few traditional elements as conversation pieces. An antique lamp, an old trunk that becomes a side table or a church pew in an entryway can all be attention-getting additions. On the flipside, if your home features traditional wooden floors that have aged beautifully, let the floor take center stage with simple, modern decorations.

Published with permission from RISMedia.


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Large Lenders Expect Credit Standards to Ease in Next Three Months

September 19, 2014 1:30 am

Large lenders’ expectations that underwriting standards will ease over the next three months coincide with overall lenders’ expected pullback in the demand for single-family purchase mortgages, according to results from Fannie Mae’s third-quarter Mortgage Lender Sentiment Survey. The share of lenders who expect purchase mortgage demand to go up over the next three months decreased significantly – between 26 to 33 percentage points depending on loan type – with the largest decline of 33 percentage points on GSE-eligible loans.

Among those surveyed, larger lenders continue to be more likely than their smaller counterparts to say they expect to ease their credit standards during the next three months, in particular for non-GSE-eligible and government loans, perhaps indicating an effort to boost purchase mortgage activity before the year comes to a close.

"Lenders’ diminished purchase mortgage demand outlook is broadly in line with the softened consumer housing sentiment seen in the August National Housing Survey results released last week," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "Historically, as lenders face a more competitive market for loan volume, it’s not uncommon to see some loosening in the lending standards; however, this time, the easing will likely be around the edges."

These latest third quarter results are largely consistent with Fannie Mae’s study released last month, titled "Impact of QM," that shows larger lenders are more likely than smaller lenders to pursue non-QM loans. "Larger lenders are expecting to tap into the non-GSE-eligible and government loan market to maintain or grow their market share and offset their anticipated slowing mortgage demand as the peak spring/summer selling seasons are coming to an end," said Duncan.

Highlights from the survey include:
  • Compared to general consumers, senior mortgage executives continue to be more optimistic about the overall economy.
  • Consumer demand reported for single-family purchase mortgages over the prior three months remain little changed from Q2 to Q3 2014.
  • Larger lenders continue to be more likely than smaller lenders to say their credit standards eased over the prior three months and that they expect standards to ease during the next three months, in particular for non-GSE eligible and government loans.
  • As in Q1 and Q2, most lending institutions surveyed in Q3 2014 reported that they expect to maintain their post mortgage origination execution strategies for the next three months.
  • As in Q1 and Q2, the majority of lenders surveyed in Q3 2014 reported that they expect to maintain their Mortgage Servicing Rights (MSR) strategies for the next three months.
Source: Fannie Mae

Published with permission from RISMedia.


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