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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
MBS CLOSE: Uneventful End To Uneventful Day - 9 hours ago
Posted To: MBS CommentaryThough MBS were not quite as thinly traded as treasuries (lowest volume since the first trading day of 2010), the picture wasn't much better. At least that which is at risk on low volume days--volatility due to the trading that actually happens comprising a larger portion of the total--was not present. Quite the opposite in fact, as the the same trend that began to emerge early this afternoon remained intact through the close. In MBS, the 101-07 to 101-10 range covered almost everything since 1030 AM. That's a quiet, boring day. I move a lower trendline down to 3.57 on the 10yr yield to show that we're going out today at an even lower yield level than Friday. So don't let the entire day of slightly worse readings fool you... The net effect for both markets was FLAT. And in the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Housing Needs Job Creation. What Sort of Jobs Though? - 9 hours ago
Posted To: Voice of HousingMr. O’Reilly (December 01, 2009) claims that the “new” root cause of the housing crisis is the (lack of) “jobs, jobs, jobs.” So the solution to the crisis must be (the creation of) “jobs, jobs, jobs.” I agree. But the next question is this: What sort of jobs? Consider a proposal for two, complementary jobs programs. The first is called the “Litter Scattering Brigades.” Workers are paid to strew trash along the nation’s highways. The second jobs program is called the “Litter Gathering Brigades.” Workers are paid to collect the trash strewn on the nation’s highways. The workers of the Scattering Brigade have jobs, and thus can afford a home. The workers of the Gathering Brigade have jobs, and thus can afford a home...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Centralized Lock Desks Serve as a Gate Keeper. Source of Revenue - 10 hours ago
Posted To: The Garrett Watts ReportThis was the half time scene in Miami last night at Super Bowl XLIV... I am sure many watchers were thinking: Why The Who? Maybe some of us in our 60s and 70s need to be “put out to pasture” or start “whittling wood” on the front porch. However, as a boomer, I was inspired to see these guys still rocking and rolling. I enjoyed the music and hope they keep playing. Peter Townsend will go down as one of most brilliant musical writers of all time. That’s enough about The Who and dating myself. Lets’ talk about secondary market and locking loans. One of the areas we review during our FOCIS-plus Studies is whether a company has a centralized lock process. Centralizing the lock function means all lock requests and confirmations are managed by a “gate keeper”...(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: Narrow And Stable Heading Into The Close - 11 hours ago
Posted To: MBS CommentaryThe market is duller than a Colts victory parade at the moment. We're dealing with a fairly standard issue "calm before the storm" that we often see on a data-limited Monday when the rest of the week contains the more significant events. The supportive trends we began to note in the last post have continued to foster a narrow range of prices with almost perfectly flat directional movement. In other words, the simple existence of a "narrow range" doesn't always mean prices aren't moving. We can see narrow ranges while still moving DIRECTIONALLY. For instance, even on a 16 tick rally, if the subsequent highs and lows are only a tick or two higher than their previous marks, the line on the chart would be fairly smooth yet still be very much higher at the end 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 LUNCH: Well Off Friday's Highs, But Holding Ground - 12 hours ago
Posted To: MBS CommentaryAs AQ pointed out this morning, today's slightly downward trend in MBS price began in the final hours of Friday's trading. Both MBS and Treasuries put in their best marks of the day just before 2pm, and have moved steadily downward ever since. You may notice, however, that both markets appear to be losing that negative steam near current levels. For Treasuries, that looks to be around 3.60 and for MBS, around 101-08. At the moment, the Fannie 4.5 is a tick higher than that at 101-09, but is still 5 ticks lower from Friday's closing prices. All that being said, the more important trends to watch pertain to the generally supportive range for MBS that emerged even before Friday's boomy rally. AQ pointed this out as well, and it remains pertinent at the moment. You can see on Thursday...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Short Term Direction of Mortgage Rates Dependent Upon Auctions and Stocks - 12 hours ago
Posted To: Mortgage Rate WatchWho Dat!!!! Congratulations to New Orleans on a well played and exciting Super Bowl victory. Mortgage rate moved a few basis points lower on Friday following the Employment Situation Report . While we have seen scattered day over day streaks of improvements, mortgages rates have failed to fall lower than 4.75% in 2010. To remind readers, as mortgage-backed securities prices move higher in price lenders are able to pass along better rates. After what seemed like a steady flow of important economic data and market moving headline news last week, the data schedule slows down in the days ahead, but headline news is always a possibility. In terms of scheduled events, no economic reports are being released today or tomorrow. On Tuesday we have the first of three mortgage rate influential Treasury...(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: Testing the Staying Power of Friday's FTQ Rally - 14 hours ago
Posted To: MBS CommentaryDID I MENTION THUNDER SNOW ! By the look of the charts, it doesnt appear that we should be expecting any noticeable improvements in positive price momentum today. We are extending the downtrend that began midday Friday. The FN 4.0 is -0-08 at 98-08 yielding 4.169% and the FN 4.5 is -0-05 at 101-08 yielding 4.375%. The secondary market current coupon is 2bps higher on the day at 4.313%. The current coupon yield is 72.4 bps over the 10yr TSY note yield and 62.6 bps over the 10yr swap rate. MBS yields are moderately tighter vs. benchmark yields this morning. The 3.375 coupon bearing 10 year TSY note is -0-06 at 98-06 yielding 3.594% (+2.3 bps from 5pm marks on Friday). The 2s/10s curve is unchanged at the 280bp pivot. The dollar index is weaker vs. a basket of currencies....-0.37% at 80.145. The...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC - 16 hours ago
Posted To: Pipeline PressI thought about taking today off from the commentary to celebrate, since yesterday I won all 4 quarters of my office's Super Bowl pool! And then I remembered that I was the only one in the pool, don't really have an office, and that the net effect of my $50 a square winnings was about the same as the US Government buying back their own securities. Oh well. Those dues that you pay to the Mortgage Bankers Association - where does the money go? Education, lobbying, etc., but some probably went into buying the MBAA its $90 million headquarters in downtown Washington which it sold last week for $41 million after 3 years. Ouch! CoStar Group, who is moving its headquarters from Maryland to DC, also received a $6 million property tax break - hats off to them. Not only did the MBAA's interest...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS OPEN: Sideways Start. Searching for Guidance - 17 hours ago
Posted To: MBS CommentaryGood Morning. Congrats to the Saints. Here is a recap of my weekend.... We had a blizzard...32 inches of THUNDER SNOW . The driveway was defeated with snowblowers. This is only the first half of the driveway by the way.... The CAPS came from behind to beat the pens. Ovie had a trick plus the game winning assist in OT. Thats 14 in a row for the C-A-P-S CAPS CAPS CAPS. Troy saw his shadow. AH! Six more weeks of football. The Saints won....then my milkaholic ex-gf Lindsay came over. Phew. I am zonked. What a weekend. Stocks sold off in a panicky fashion last week as sovereign debt concerns grew over Greece, Portugal, and Spain's ballooning budget deficit and rising borrowing costs. If a coordinated global recovery is to remain on course, one has to assume some sort of financial intervention...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Week Ahead: Treasury Auctions, Retail Sales, The Fed's Exit, Consumer Sentiment - 17 hours ago
Posted To: MND NewsWireThe week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Friday will see February’s first measure of consumer confidence. With little fresh data to anticipate, the fear is that markets will continue on their downward path this week. Since January 19 the Dow has shed 5.6% while the S&P 500 has lost 6.9%. One hour before the opening bell, however, equity markets are looking stable. Dow futures are up 10 points to 10,012 and S&P 500 futures are up 3.08 points to 1,066. Meantime, WTI Crude oil is starting the week 15 cents higher at $71.34 per barrel and Spot Gold is up $1.90 to $1,068.20. The US dollar, by contrast, is lower against the majors after hitting the highest level since the summer of...(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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