How Does the Fed Rate Affect Mortgage Rates?

Yesterday the Fed increased the target funds rate .25%.  This was the 4th time the Fed has raised rates since December 2015 when it was decided the economy was stable enough to begin increasing rates after a period of recession and a long-running Fed funds rate of .25 (effectively 0% as this is the lowest rate... Continue Reading →

Veterans Day Feature: Bryant Lewin

In honor of Veterans Day 2015, we feel it proper to shine a light on those that have served in the Armed Forces and thank them for all their hard work, duty, and perseverance through times of adversity. At MMCD, we also feel it best to highlight our own employees that have put their lives... Continue Reading →

99 Homes: A Film Review on the History of the Mortgage Crisis

A new house is a major investment. Even if you have a mortgage, the bank and the seller will still expect a sizable down payment. That's why lots of people regularly gift down payments to friends and relatives - it's a great way to help young people start out on the path of home ownership.

Every Loan Officer IS Their Brand

While other lenders try to force Loan Officers to lessen their Social Media and Website presence, in essence their brand, we at MMCD encourage it. Don’t get me wrong; I can understand why some Lenders take this approach and their reasons behind it. To put it simply it is due to some of the ridiculous... Continue Reading →

GDP Rises, but Consumer Spending Eases!

Featured Chart for Friday, November 8th - Mortgage Market Guide (www.VantageProduction.com) The first of three readings on 3rd Quarter Gross Domestic Product showed that the US economy expanded by 2.8%, up from the 2nd quarter reading of 2.5% and well above the 1.9% expected. The rise was due in part to a buildup in inventories,... Continue Reading →

Is Your Company Ready For QM?

Is your company ready for Qualified Mortgage (QM)? “A ComplianceEase audit of lending data from over 400 banks confirms that more than one in five loans originated today are not in compliance with the current qualified mortgage definition.” Read Full Article Here Mason-McDuffie Mortgage is ready for QM (Qualified Mortgage) and ATR (Ability to Repay),... Continue Reading →

MBA: Stevens Calls for End to Government Shutdown

Washington, D.C. (October 3, 2013) – David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today issued the following statement in reaction to the government shutdown and its affect on the housing market. “The federal government shutdown will have a growing impact on the housing market the longer it continues. If this... Continue Reading →

The Impact of the Government Shutdown on the Mortgage Process

Though the media and both political parties would like you to believe that there will be no immediate impact on American businesses, that isn’t exactly true for the Mortgage industry. Here at Mason-McDuffie Mortgage we want to make sure that everyone understand exactly what the impact will be if you are currently in process for... Continue Reading →

1st MMCD Volunteer Day at the Oakland Zoo – Anne-Marie Hsieh

(Special thanks goes to Anne-Marie Hsieh for organizing and managing this whole process) There was a small, but VERY MIGHTY group of us, blazing the trail for our 1st MMCD Volunteer Day at the Oakland Zoo on Saturday!!!! A gigantic thank you to Danielle Danson (and her friend Amanda!), Brittany Christensen (who drove ONE HOUR... Continue Reading →

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