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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: Bonds Cap Extraordinarily Tame Week Despite Excuses

Posted To: MBS Commentary

We've seen a whole lot more movement in the bond market for a whole lot less motivation than we had this week. Back to back econ data shockers (Philly Fed and Housing Starts) were scarcely able to get yields back up to Monday morning's highs, and yields hadn't fallen very much to begin with. In other words: "Housing Starts Surge 40% Annually to The Highest in 13 Years" isn't really a headline that jives with 10yr yields rising less than 2bps by the close of business. Oh, and stocks hit all time highs on 4 out of the 5 days. Oh, and the phase 1 trade deal signing went off without a hitch. All that to say that bonds were more than entitled to end up somewhere other than smack dab in the middle of the consolidation range that's been in effect for close to half a year...(read more)

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Mortgage Rates Off Recent Lows

Posted To: Mortgage Rate Watch

Mortgage rates moved slightly higher over the past two days as strong economic data and corporate earnings coaxed investors into riskier assets like stocks. Bonds (which dictate interest rates) are always being bought and sold, but demand varies depending on investors' risk appetite. If demand for bonds falls as it has in the 2nd half of this week, rates move higher. Fortunately, this move has been very small in the bigger picture. Mortgage rates, specifically, have moved even less than rates associated with other bonds. The average lender is still able to offer 30yr fixed rates of well under 4% on top tier scenarios. And the average borrower wouldn't see more than 0.00125% of difference from the lowest rates in more than 3 months. Bottom line, while rates are slightly higher than their best...(read more)

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