Lester has the Loan for you! Industry Update

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Mortgage and Lending - Blue Water Home Loans NMLS# 166527
RECENT BLOG POSTS
Thanks for the info.Changes always make for great conversation. Just a few years ago that conversation was relatively limited in reach to inner office or group communication. With the advent and proliferation of the Internet and all it brings information truly spreads at the speed of light. With ...
01/23/2010
Rate Lock Advice & Mortgage Market Update January 21, 2010, 1:10 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up 6/32 from Wednesday's close.   Jobless Claims came in higher than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good eco...
01/21/2010
Rate Lock Advice & Mortgage Market Update January 05, 2010, 6:30 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +5/32. Pending Home Sales and Factory Orders will be released at 10:00 ET. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good...
01/05/2010
Grow, Leverage and Streamline Your Business Through a Virtual Assistant   Six months ago we made one of the most important decisions in 2009 and that was teaming up with Anne Marie Malfi as our virtual assistant.  Many of you might already know Anne Marie as she is one of top bloggers in the Acti...
01/03/2010
Every day, we read blogs complaining about how our elected officials run our government; they run from mildly upset to bonkers. While some of the articles are entertaining, without a call to action the complaints have no affect except to vent a little of the writer's steam. Kind of like standing ...
12/13/2009
Rate Lock Advice and Mortgage Market Update December 9, 2009, 11:40 PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CautionMBS prices are down -3/32. Weaker than average demand for the 10-Yr bond auction hurt MBS markets. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change thr...
12/09/2009
Very interesting.  Look out for this.WASHINGTON - Dec. 7, 2009 - With President Obama's signature on Nov. 6, 2009, the first-time homebuyer tax credit was extended, and some move-up buyers became eligible for up to $6,500 starting on Dec. 1, 2009. However, the new law changed the way a home sale ...
12/07/2009
Rate Lock Advice and Mortgage Market Update December 1, 2009, 3:10 PT RATE LOCK ADVISORY Lock Advice:  LOCK MBS prices are currently down -21/32Rate change for worse may be a risk from early investors..  It has been a volatile day in MBS Land. RATE NOTES:When MBS prices are up, Rates are down.Loc...
12/02/2009
ON-TimeTake Time Out for Planning Have you ever had days, weeks, or even months go by when you were frustrated in your work activities because you failed to implement the things that you know you need to do in order to be more successful? Perhaps you've taken pages and pages of great notes at se...
12/01/2009
The extension of the tax credit gives buyers, sellers and industry professionals a bit more time to stabilze the housing market. MORTGAGE, EXPERT, MICHIGAN, BIRMINGHAM, BLOOMFIELD, DETROIT, ROCHESTER, ROYAL OAK, TROY The First Time Home Buyer (FTHB) Tax Credit has been extended with new provision...
11/14/2009
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Lester Wilkins

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Various thoughts and insights into the mortgage industry. Mingled with a little humor and various musings by the author.