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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
Self-employed and looking for a mortgage? A Non-Qualified Mortgage (Non-QM) loan is an option to consider. A Non-QM loan lets the borrower provide alternative proof of income for lenders to consider in lieu of tax returns, W-2s or pay stubs alone. 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
With all sorts of trends, signs, and predictions for what 2020 may hold for the housing market, one thing is for sure: there is no way to absolutely know what’s ahead. Today’s headlines offer a glimpse of what factors might impact the housing market this year. Read More
Due to their extensive size, millennials have turned out to be disrupters in many industries, and real estate is no exception. As millennials reach peak homebuying age, Real Estate Agents have started to pay attention to the way millennials prefer to move through the process. Read More


Single-Family, Public Construction Spending on Upswing

Posted To: MND NewsWire

Nationwide outlays for construction slipped slightly in February. The Census Bureau said public and private sources spent at a seasonally adjusted annual rate of $1.367 trillion on all forms of construction, down 1.3 percent from the rate in January. This was 6.0 percent more than was expended in February 2019. The total spent during the month on a non-adjusted basis was $96.999 billion, up slightly from the $96.462 billion spent in January. For the year-to-date (YTD) spending totals $193.460 billion, an increase of 8.2 percent from the first two months of 2019. Privately funded projects were funded at a seasonally adjusted annual rate of $1.026 trillion, down from $1.039 trillion in January, a 1.2 percent decline. That spending rate, however, is 5.6 percent higher than the rate in February...(read more)

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MBS Day Ahead: Data Doesn't Matter? Oh, It Will...

Posted To: MBS Commentary

This morning's ADP Employment showed a loss of 27k jobs. Forecasts called for a loss of 150k jobs compared to last month's report that was strongly positive at +183k. Normally, when ADP or NFP job counts beat their forecast by more than 100k jobs, it's enough to prompt at least a little bit of bond market weakness (i.e. higher rates), even in the recent era where jobs counts weren't that big of a deal. And it's a big deal for me to say ADP/NFP are not a big deal because they have historically been very big deals. In fact, there is no bigger deal in the economic data world than NFP (the non-farm payrolls component of the big jobs report). If it hasn't been a big deal for the past however many years, it's because the labor market has been so stable and strong . Almost...(read more)

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