Headline News and Market Report “Bond Market News and Perspective for Mortgage Professionals” Monday, October 24, 2011 No Economic Indicators are scheduled for release today. Treasury 30-Year Bonds Gain as Europeans Struggle to Resolve Debt Crisis U.S. 30-year bonds ended a four-day decline after European policy makers ruled out tapping the central bank to boost... Continue Reading →
On the supply side, outside of the weekly 3 and 6 month T-Bill auctions on Monday , there is only one short term Treasury auction of $30 billion in reopened 4-week bills Tuesday. Economic news from Friday showed that business inventories have expanded modestly faster than realized over the past few months. Augusts’ gains were +0.5%... Continue Reading →
Met Life is concerned about the new regulations affects on their insurance business. B of A is getting out the correspondent business, because they are concerned about the affects Basel III puts on their capital via their servicing valuations. Mason McDuffie is a true mortgage banker, who’s only business is mortgages (not life insurance, not... Continue Reading →
Heather Headley from our Oakland, Ca. Branch received the “Top Producer” award from the City Of Oakland this morning. This is the 2nd consecutive win for Heather! Heather has closed 25 Oakland city 2nd mortgages, far ahead of the nearest loan officer, who only closed 6. Congratulations Heather and thank you for being a part... Continue Reading →
Our goal is to provide leadership and equip our employees with the training and necessary tools for professional lending success on whatever career path they choose with us. We are a mortgage banker, not a broker, which gives our team a competitive edge. View Current Openings The advantages we provide: A stable environment with opportunities... Continue Reading →
Congratulations to James Harrington for being named Loan Officer of Month, September 2011 - Read about James here.
For the month of August, 2011 we will feature Suzy Dukelow, who's effort and excellent service continues to help her borrowers achieve the dream of home ownership. Suzy works hard to find the right loan for every one of her clients. Suzy joined our team just a little over two months ago. Suzy is part of the Redwood City... Continue Reading →
It is a sad commentary on the state of our country that the dream of homeownership is just that "a dream" for many first time homebuyers. At a time when rates are at historical lows and home prices are down many people still cannot qualify for home loans. New homebuyers are paying for the sins... Continue Reading →
Christian Science Monitor: FULL ARTICLE The average rate for a 30-year fixed rate mortgage declined 4 basis points to 4.11 percent since last week, while the purchase application volume declined 0.8 percent and the refinance application volume declined 5.2 percent over the same period.