Wednesday’s bond market has opened flat with nothing of significance being released today. The stock markets are showing relatively minor losses with the Dow down 7 points and the Nasdaq down 22 points. The bond market is currently down 3/32, which will likely keep this morning’s mortgage rates c
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10/09/2013
Tuesday’s bond market has opened in negative territory, but with minor losses. The stock markets are showing minor gains despite the government shutdown that took effect last night. The Dow is currently up 8 points while the Nasdaq is up 17 points. The bond market is currently down 5/32, which wi
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10/01/2013
Thursday’s bond market has opened in positive territory due mostly to a negative tone in stocks. The major stock indexes are extending yesterday’s afternoon selling that pushed the Dow lower by 108 points, to close below 14,000 again. The Dow is currently down 52 points while the Nasdaq has lost
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02/21/2013
Wednesday’s bond market has opened in positive territory despite early stock gains. The major stock indexes are showing a little strength this morning with the Dow up 49 points and the Nasdaq up 8 points. The bond market is currently up 8/32, which with some late afternoon strength yesterday shou
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01/23/2013
Tuesday’s bond market has opened down slightly even though this morning’s only economic data gave us favorable results. The stock markets are showing small losses with the Dow down 4 points and the Nasdaq down 10 points. The bond market is currently down 4/32, which will likely push this morning’
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01/22/2013
Thursday’s bond market has opened in negative territory after this morning’s economic data gave us much stronger than expected results. The stock markets are reacting favorably to the same news with the Dow up 63 points and the Nasdaq up 14 points. The bond market is currently down 14/32, which w
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01/17/2013
1. Purchase borrowers are the most likely to be taken advantage of in a transaction by some bait-and-switch lenders because the borrower is on a deadline. a. Make sure you get ALL quotes in writing! Nothing else matters. Too many times we have seen borrowers get a quote from another
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07/15/2012
One of the biggest underwriting difficulties on a home purchase loan is the verification of funds to close and the earnest money check. Most underwriters require a copy of the front and back of the earnest money check along with a copy of the bank statement where the borrower withdrew the funds.
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02/06/2012
Dallas Reverse Mortgage Tip 1/30/12: A reverse mortgage is not credit driven or income driven, so even if you have low income or bad credit it doesn't change the approval process. As people get older, some of their bills (home repair, medical expenses, etc.) increase while at the same time their
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01/30/2012
A Good Faith Estimate is the ONLY binding document a company can give a borrower. Many companies are giving borrowers worksheets or other documents in place of the GFE. Any document given to a borrower other than the 4 page GFE is invalid and simply doesn't matter. The reason companies give these
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01/17/2012
