< Back to all branch locations
admin login JOIN USOUR TEAM PARTNER WITH US

News & Resources

There probably has never been a single more frustrating endeavor than trying to entertain bored children when staying at home. They can easily become cranky or tired and seem to need a constant rotation of activities to stay entertained (and out of your hair). Read More
Are you thinking about buying a home or refinancing your current loan? When you apply for a mortgage, your credit score may be one of the major factors that impacts the interest rate you receive. It’s also one of the most important ways that you can tell your lender that you’re a creditworthy borrower. Read More
Are you a military veteran looking to buy a home? With congressional bill, H. R. Read More
If you’re considering getting a new home loan, getting pre-approved should be the first step in your homebuying process. With a mortgage pre-approval, your lender will look at your income, any debt that you may have and check your credit score. Read More

Feeds

MBS RECAP: That Escalated Quickly, But MBS Recovered Fairly Nicely

Posted To: MBS Commentary

That Escalated Quickly, But MBS Recovered Fairly Nicely After weeks and weeks (6, to be specific) of extraordinarily calm and narrow trading ranges in ultra-low-yield territory, the bond market has suddenly decided it's time to jump back up toward higher yields. The move is fairly large, abrupt, and serious. It was made all the more serious by the most terribly botched NFP forecast in history. So are the good times over? Econ Data / Events 11:30-11:50 AM (ET) - Fed 30yr UMBS Buying Nonfarm Payrolls: +2.509m vs -8.000m forecast (biggest beat ever, by a wide margin) Unemployment Rate: 13.3% vs 19.8% forecast, 14.7% previously Market Movement Recap 08:16 AM More pain overnight as the broad recovery mentality barrels ahead at full throttle. Stocks surged. Bonds utterly capitaluated (there was...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

CFPB Warns Servicers and Lenders to Adhere to CARES Act

Posted To: MND NewsWire

A joint release from the Consumer Financial Protection Bureau (CFPB) and the Conference of State Bank Supervisors cautions mortgage servicers about their obligations in complying with the Coronavirus Aid, Relief and Economic Security (CARES) Act. The Act includes provisions granting a right to forbearance to mortgaged homeowners impacted by the COVID-19 pandemic. Under these provisions, servicers of federally-backed mortgages including those from the GSEs Fannie Mae and Freddie Mac as well as FHA, the VA, and USDA must grant forbearance to borrowers with pandemic-related hardships for as long as two consecutive 180-day periods during the National Emergency declared in response to the outbreak. Servicers are advised by CFPB and the Supervisors that they can approve a shorter than 180-day plan...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.