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Dallas, TX. Real Estate (214) 682-8888
OK Mortgage / AAA Realtors & Business Opportunities / OK Insurance
1545 K Ave. Suite 165
Plano, TX 75074
Office Phone: (469) 467-8008 / (469) 569-0567 Fax: (214) 889-8889 Cell Phone: (214) 682-8888 / (469) 569-0567 Home Phone: (469) 569-0567 Web Page: www.ok8888.com e-Mail: 777Realty@gmail.com Las Vegas Office: (214) 682-8888 Web at Las Vegas: www.ok8888.com
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 Mortgage News Daily
The Day Ahead: Chinese Inflation Drives Domestic Stocks Lower - 2 hours ago
Posted To: MND NewsWireSpeculation that China may have to tighten its economic policy is pulling investor sentiment lower this morning. Amid positive data on industrial production and retail sales, Chinese CPI climbed 2.7% in February, indicating that the central bank may have to take a more serious approach to slow down spending. “China is aiming for 3% inflation for all of 2010,” said Benjamin Reitzes from BMO. “Continued acceleration would make that target tough to hit and markets are concerned that this latest jump in inflation could cause Chinese officials to tighten policy further.” Reitzes called the CPI figure “somewhat troubling,” adding that it’s too early to a definitive statement that prices are about to take off. “However, with the economic numbers showing...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS CLOSE: What Can Today Tell Us About Tomorrow? - 17 hours ago
Posted To: MBS CommentaryThis is always the question right? I mean, after all, we already know what is available on our rate sheets at the moment, but the most valuable question always asks for tomorrow's MBS prices today. Forgetting for a moment that you'll usually LOSE more money thinking that way than you'll make, let's suspend GUTFLOP and see if we have any hints at tomorrow's action according to today's events. First, the fundamental arguments... What do we know? 10yr auction built up a decent concession going in and stopped pretty much on the screws (meaning that rates went up ahead of the auction, then we saw strong demand at those rates) Strong demand AT THOSE RATES is evidenced by the relatively high "offers accepted at high" metric from the auction, meaning that most of the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Mortgage Rates Rise Ahead of Treasury Auction. Fail to Recover Afterward - 17 hours ago
Posted To: Mortgage Rate WatchMuch like Monday, yesterday was a data-less day in the marketplace, leaving me at a loss for words and new guidance. Mortgage-backed securities prices did managed to move higher following a very strong 3 year Treasury debt auction, unfortunately MBS price appreciations were not strong enough to warrant reprices for the better and lenders left mortgage rates unchanged on the day. The economic calendar picked up today, but not much. This morning the Mortgage Bankers Association released their Weekly Loan Applications Index. The MBA survey covers over 50 percent of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates an increase...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS AFTERNOON: Mortgages Playing Follow the Leader with Benchmarks - 19 hours ago
Posted To: MBS CommentaryHeading into the 5pm "what a slow day in the mortgage market" marking period... The FN 4.0 is -0-03 at 98-01 yielding 4.189% and the FN 4.5 is flat on the day at 101 the rock yielding 4.39%. The secondary market current coupon is 4.33%. The CC yield is 61bps over the 10yr TSY note yield and 58.6 basis points over the 10 yr swap rate. Static current coupon yield spread valuations are TIGHTER AGAIN! Holy relentless yield spread tightening! LOOK HOW SIDEWAYS FN 4.5 PRICES WERE TODAY! The MBS NINJA shares his thoughts on the recent stability of "rate sheet influential" MBS coupons in the face of rising benchmark yields: Mortgages, trading in the secondary market (soon to filter back to the primary and rate sensitive one), are tightening daily as more money is put to work along...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
FICO: Americans More Likely to Default on Mortgages than Credit Cards - 20 hours ago
Posted To: MND NewsWireAmerican consumers are now defaulting on their mortgages in even greater numbers than they are walking away from credit card debt. According to FICO's® Score Trends Service, this is a phenomenon that is historically unique. FICO said the mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate. There is a parallel rise in mortgage delinquencies for these high scoring consumers. The company said that their analysis of trends in FICO scoring shows that recent repayment behavior has shifted significantly from what has historically been expected. In 2005 bankcard accounts were more than 3 times more likely to become seriously delinquent, that is 90+ days...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS LUNCH: 10 Year Treasury Auction Results and Reactions - 21 hours ago
Posted To: MBS Commentary10 year auction has impressive demand, but at higher rates. 3.45 Bid To Cover, but 3.735 % high yield with 70.94% of the bids at high yield MBS and Treasuries both slightly better on the announcement 4.5's are now down only 2 ticks on the day at 100-29 and 10yr yields are back down to 3.72+ from 3.74+ Here is a breakdown of the auction results: 9-YR 11-MO NOTES YIELDS High 3.735 pct Median 3.700 pct Low 3.636 pct PRICE/ACCEPTANCES Price 99.090493 Accepted at high 70.94 pct Bid-to-cover ratio 3.45 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 21,000,013,800 Total public bids tendered 72,466,493,000 Competitive bids accepted 20,829,510,800 Noncompetitive bids accepted 70,503,000 Fed add-ons 248,452,700 Primary Dealer Tendered 49,661,000,000 Primary Dealer Accepted 9,857,410,000 Primary...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Loan Demand Stagnates. Only One Bright Spot in the Production Slowdown - 22 hours ago
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 5, 2010. The survey covers over 50 percent of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates an increase in home buying interest, a positive for the housing industry and economy as a whole. Furthermore, in a low mortgage rate environment, such a trend implies consumers are seeking out lower monthly payments which can result in increased disposable income and therefore more money to spend on discretionary items or to pay down other debt. From the release: The Market Composite Index, a measure of...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS MORNING: Losing Ground As Benchmarks Back Up - 22 hours ago
Posted To: MBS Commentary4.5 MBS down 6 ticks to 100-26 10yr Tsy about 5bps higher at 3.743 (vs. 5pm yesterday) Wholesale Trade Improves from -.8% to -.2%, but misses expectation of +.2%, no one cares Pre-Auction Concession + range dynamics weigh on 10's, MBS follow The movements in bonds this AM tells us just how focused the market is on the upcoming auction. Granted, the econ data earlier today isn't exactly "top shelf" (or even middle shelf for that matter), but without a microscope, it's hard to tell if it was even traded. The "room to run" that AQ discussed this AM in conjunction with the standard pre-auction concession is dominating the movements in the benchmark, which itself, is forcing MBS prices lower. Somewhere between an eighth and a quarter of a point has left the YSP building...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Underwriters: Loan Quality Still in Need of Improvement; Interesting FICO Score Data; Will the Fed sell their MBS Holdings? - 23 hours ago
Posted To: Pipeline PressAt the last company Christmas party, loan agents lined up on one side of the room and the underwriters on the other side. The loan agents throw fire cracker at the underwriters...and the underwriters lit them and threw them back. A long-time underwriter wrote to me and opined, "Consumers always want more than what they can afford and we gave them exactly what they wanted for the last 10 years (without any prudent financial advice). I actually like the guideline changes and feel it is necessary to eradicate some of the lackadaisicalness that I hear in some underwriter's voices. Manufacturing quality is still a problem for the Agencies, and originating mortgage companies are still closing loans that are not 100% purchasable by the aggregators upon delivery. Fannie and Freddie have technology...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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AAA Realtors & Business Opportunities Brokers in Dallas, TX.
100 % Commission; No Monthly Fee.
Network Marketing !!!
(A Real Estate, Commercial & Business Opportunity Broker)
OK Mortgage (A Realtime online application Loans)
AAA Realtors
Dallas,Texas
Call Linda at (469) 569-0567 cell
Call Peter at (214) 682-8888 cell
or (469) 467-8008 cell
( Short Sale & Foreclosure Specialist ! )
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Stage 1: Getting Married and buying your First Home.
Most likely, you need 100% financing, you may not have much work experience, and you don't have a great amount of savings.
(Most large banks and lenders will usually want 5% to 10% down payment as well as 2 years job and rent history with good credit)
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Did they say ...
"You need money for a downpayment?"
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We have many 95% loan programs
with no MI (Mortgage Insurance)
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Did they say ...
"you need at least a 680 or 660 credit score for 100% financing?"
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Our most popular 95% loan program
only needs a 680 credit score
(Some programs go to a 650)
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Did they say ...
"Our 100% loan program requires
5% Down and a 730 Credit Score"
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We specialize in 90% loans
"SISA", No Ratio and "No Doc"
(Most programs only need 620 score)
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Did they say ...
"Your DTI (Debt to Income) ratiio is too high"
"We require a 38% to 41% ratio or less"
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Our 95% loans allow for a 50% DTI
We also have "No Ratio" Loans
(These don't look at DTI)
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Did they say ...
"You need to have been working 2 years
in the same line of work to get a loan"
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Some of our 90% loan programs
are "No Doc" which means
employment is not a requirement
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Stage 2: Having a baby and refinancing your home loan.
Diapers, Bottles, Strollers and Clothes...Have you ever wondered "How can I ever have enough money to save for retirement and my child's education?" and "How did my parents ever make ends meet?"
(Most people think the only time to refinance is to get money to pay off debts. Some loans allow you to drop your payment by as much as 50%)
| What would you do with the extra money if you could Cut Your Mortgage Payment in Half? |
| Start contributing to your 401k or 403b plan? |
Spend more time with your family? |
| Fund a Roth IRA or Traditional IRA each year? |
Put money down on a vacation home with the extra money? |
| Get health insurance in case your family became ill? |
Move forward with plans to adopt children? |
| Call your financial planner for a wealth building plan? |
Decorate the baby's room or add on to the home? |
Stage 3: Family Life and Getting a Bigger Home.
Is this your situation? "There aren't enough bathrooms and you have 3 girls, and your son wants his own room." Maybe you can now sell your current home for the down payment on a bigger home ... but should you put the money down?
(You can still buy a home without putting much of your own cash down, wouldn't it make more sense to put the proceeds of your old home to work?)
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This is where we can show you your options on how much money you put down vs. your interest rate or closing costs.
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Does putting much money down earn you a RATE OF RETURN?
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How much you put down, does not affect a home's value
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Is the money you put down on the home SAFE?
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If home prices drop, you lose access to the money
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Is the money you put down on the home LIQUID?
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When you need it most, the money can be un-obtainable
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Does the money you put down on the home reduce TAXES?
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The interest payment on your loan could be tax deductable
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| Trust us with your financing needs. |
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We offer you the competitive rates and service you deserve. Whether you're a first time home buyer or are refinancing - we will find you the best rate and program for your situation.
Apply online today for a no-cost, no-obligation pre-approval!
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- Enthusiasm working for you
Helping people make one of their most important decisions is a serious responsibility,
but something that I enjoy doing. This enthusiasm and hard work will benefit you and
help reduce the stress and anxiety often associated with real estate transactions.
- Established Credibility
I have many years of experience and knowledge working in this industry. I can say with
confidence that I'll get the job done right.
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