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Brooklyn Park, Minn. – Dave Koenig of New American Funding was named a Minnesota Housing Top Producing Loan Officer at the Platinum Level for his loan production during the second half of 2018. 
We know homeownership builds equity and is the primary driver for building wealth. It also creates stability for families and stronger connections within our communities. 
Minnesota Housing supports and strengthens homeownership by partnering with local loan officers like Koenig to provide affordable homebuyer loans. First-time and repeat homebuyers can access programs with fixed interest rates and downpayment loans up to $15,000. More information and eligibility requirements are available at www.mnhousing.gov. In addition to homebuyer loans, Minnesota Housing also offers home improvement loans and finances single family and multifamily housing across the state. 
The Minnesota Housing Top Producing Loan Officer Program awards outstanding loan officers biannually at three levels: Platinum, Gold, and Silver. Loan officers meeting the threshold for each level based on regional production are recognized as top producers.   
“We applaud these Top Producing Loan Officers for demonstrating a deep understanding of Minnesota Housing homebuyer loan programs and helping Minnesota families realize the dream of homeownership,” said Minnesota Housing Commissioner Jennifer Leimaile Ho.   
Minnesota Housing collaborates with individuals, communities, and partners to create, preserve, and finance affordable housing. Find out more at www.mnhousing.gov.
The Minnesota Housing Top Producing Loan Officer Program recognizes individual loan officers based solely on the number of Minnesota Housing first-time homebuyer loans produced in one of the designated regions for the program on a bi-annual basis. Designations are not intended as a formal referral or preference for individual loan officers and no financial or other measureable benefit is intended to be granted to loan officers on a preferential basis. In connection with Single Family Division loan programs, Minnesota Housing is neither an originator of loans nor a creditor and is not affiliated with any Lender.  To find out if you are eligible, or to apply for a loan, please contact a participating Lender.  


MBS RECAP: Markets Finally Doing Interesting Things, But...

Posted To: MBS Commentary

We had to wait all the way until January 24th of 2020, but bonds finally offered their first real shred of willingness to challenge the established range of late 2019. When we talk about ranges, we use 10yr Treasuries for these reasons . In 10yr terms, the range has been 1.71 to 1.95%, which is reasonably narrow for a 3 month+ time frame. It looked like the range would be quickly crushed as war with Iran quickly entered the realm of possibility on the night of the missile attacks against Iraqi air bases. But with the de-escalation the following day, the range was actually strongly reinforced. Rates have been trickling since then without more than a 5bp move in 10yr yields until today. That same move also breaks us well below the 1.71% boundary to close at 1.686%. As we often discuss, the first...(read more)

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Mortgage Rates Drop to 4.5-Month Lows on Virus Fears

Posted To: Mortgage Rate Watch

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