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New American Funding, a leader in the mortgage industry, today announced it closed more loans and has the highest market share (6.87%) in the Atlanta Metro region for new construction, according to CoreLogic data. This is the second year in a row the lender has achieved this milestone, which is especially significant because it just opened its Atlanta branch two years ago. Currently, there are upwards of 1,000 mortgage companies servicing the high-growth region.

Southeast Division Vice President Kelly Allison attributes the incredible success in Atlanta not just to the broad range of home loan options offered by New American Funding but proof of the impact a small group of people can make when they share an aligned passion and purpose.

Our team is exceptional,” said Allison. “Together, we have created a remarkable culture, based on customer service, innovation and collaboration and it shows customers how much they are valued. We are in a constant state of improvement. ‘Get better or get beaten,’ we say.”

New American Funding’s range of products is another reason why it’s a top choice among borrowers. It is also creating a big stir in the industry among Real Estate Agents and homebuilders, who are spreading the word through recommendations and great reviews.

“We are so proud of what the Atlanta Metro branch and our Southeast Division have achieved in such a short time,” said Rick Arvielo, CEO, New American Funding. “They came out of the gate polished and professional and have provided exceptional service to our borrowers and outreach to our builder partners.” 

 

Feeds

MBS RECAP: Trade Headlines Stealing Thunder From Heavy Hitters

Posted To: MBS Commentary

Last week saw an apparently important jobs report ATTEMPT to have a lasting impact on financial markets only for the move to be completely erased by this morning. Labor market data was already a bit of an outcast owing to its consistently strong performance in recent months/years (i.e. labor market strength is the rule, not the exception. Therefore, the strong report is less of a surprise and thus less of a market mover). But if we could only pick one reason for markets to ignore jobs data (or MOST data for that matter), it's the uncertain economic implications of an eventual trade deal. That also helps explain all of today's intraday volatility as bond yields were bumped up early in the domestic session by one batch of headlines and then again about an hour later by another batch of...(read more)

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Mortgage Rates Slightly Higher Ahead of Fed Announcement

Posted To: Mortgage Rate Watch

Mortgage rates moved up modestly today as bond markets weakened in response to trade headlines. This week's key consideration on the trade front is whether or not the planned December 15th tariff increase is delayed, canceled, or confirmed. In general, a delay or cancelation would be bad for rates, but markets are already expecting a delay to some extent. The bigger deal would be waking up Monday morning of next week to find the tariff hike had been implemented. In that case, rates would likely benefit (i.e. move lower!). Between now and then, we are most likely to see moderate volatility in a fairly narrow range. Several optimistic trade headlines put upward pressure on rates today, but not enough to push them outside their recent range. Tomorrow brings a policy announcement from the Fed ...(read more)

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