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RMC Vanguard #2 in the Nation!
HUD Lender Rank Mar 2010
RMC Vanguard currently ranks #2 in the Nation of non-supervised HUD correspondent lenders. This is based on originations from the past 2 years. Pretty neat – shows our loan quality is very high compared to the rest of the industry – maybe too high? hmmm..
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RMC Vanguard Ranks #1 on HUD Neighborhood Watch List for All US Non Supervised Lenders – whooo hooo!
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Read More..>>A Simple Explanation Of The Federal Reserve Statement (December 16, 2009 Edition)
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent.
In its press release, the FOMC noted that the U.S. economy “has continued to pick up”, that the jobs markets is getting better, and that housing market has shown “some signs of improvement” lately.
It’s the fourth straight [...]
What’s Ahead For Mortgage Rates This Week : December 14, 2009
Mortgage markets worsened for a second consecutive week last week amid debt default concerns and stronger-than-expected economic data. Dollars left the bond market and mortgage rates suffered.
After re-reaching an all-time low December 1, mortgage rates have since rolled back to mid-November levels.
Rates are still low right now. Just not as low.
And meanwhile, last week’s big [...]
One Reason Why Mortgage Rates Are Back To All-Time Lows
Home affordability improved this week after the Federal Reserve released its November 3-4, 2009 meeting minutes.
The FOMC Minutes is a companion to the Federal Reserve’s post-meeting press release. It’s released 3 weeks after the Fed adjourns and details the internal debates that shape our nation’s monetary policy.
As compared to the press release, the minutes can be rather [...]
Housing Starts Are Down And Why It’s Terrific News For Sellers
A “Housing Start” is a home on which construction has started and, for the 4th straight month, national single-family housing starts held steady last month.
When the demand for homes grows faster than the number of homes for sale, prices increase.
As recent home sales data confirms, buyers currently outpace sellers and one consequence of this is an [...]
What’s Ahead For Mortgage Rates This Week : November 16, 2009
Mortgage markets improved last week as foreign buyers of mortgage debt helped to push mortgage rates to a 4-week low.
It marked the 3rd consecutive week that rates improved, breathing extra life into this year’s ongoing Refi Boom.
Fixed-rate, conforming mortgage rates fell about 0.125 percent on the week. ARMs did about the same.
There wasn’t much data [...]
Congress Expands And Extends The First-Time Home Buyer Tax Credit
Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday.
The White House says the President will sign it into law today.
The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, and to be closed by June 30, 2010.
The program’s basic eligibility [...]
What’s Ahead For Mortgage Rates This Week : November 2, 2009
Mortgage markets improved last week after a series of hugely volatile trading sessions.
Rates carved out a wide range on the week, culminating in a late-Friday plunge that dropped rates by about 1/8 percent.
It was the first time in 5 weeks that mortgage rates fell.
Volatility like that of last week is nothing new on Wall [...]
Higher Home Prices Ahead, Says The Pending Home Sales Index
The housing market continues to steam forward.
As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 8th consecutive monthly gain in September.
It’s the longest winning streak in the history of the index and Pending Home Sales are now at their highest levels since December 2006.
A Pending Home Sale is a [...]
