tag:blogger.com,1999:blog-310963822024-03-13T12:30:02.405-04:00Mortgage ManifestAn attempt to make mortgage lending more transparent and some rantings in between.Unknownnoreply@blogger.comBlogger148125tag:blogger.com,1999:blog-31096382.post-63689995851976348642019-06-09T11:37:00.004-04:002019-06-09T11:37:58.310-04:00Fickle FICO - What's a Credit Score?
Back in 1956, and engineer, William Fair, and a mathematician, Earl Isaac created the Fair Isaac Company to sell data analytics to businesses. Two years later, they created a credit scoring system. This is the birth of FICO. Starting in 1989, FICO became a numerical score with a range between 300 to 850. Lenders use this score to assess creditworthiness.
Essentially what a credit score attemptsUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-89479921435839550362019-06-09T11:33:00.000-04:002019-06-09T11:33:29.241-04:00Fed Chair Powell Sings Guns N Roses
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"All we need is just a little patience"...Patience by Guns N' Roses
The highlight of this past week was the Fed Minutes fromUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-11305580891218376562019-02-21T16:15:00.002-05:002019-02-21T16:15:21.906-05:00Rates are Going Down!
http://www.freddiemac.com/pmms/
Mortgage rates continued to decline this week and are at 12-month lows falling for the third consecutive week. Freddie Mac reports that the 30-year fixed-rate mortgage fell two basis points to 4.35% with an average of 0.5 in points and fees. Last year this time, the rate was 4.40%. Sam Khater, Freddie Mac’s chief economist says, "Wages are growing on par withUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-972845247790924762019-02-21T16:13:00.000-05:002019-02-21T16:13:07.631-05:00Why Retail Sales hitting a 9-year low could be bad
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Jeffrey Loyd
Mortgage Loan Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-67981787877882106202019-02-15T14:25:00.001-05:002019-02-15T14:25:41.254-05:00What will be the next move for the Fed?
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Jeffrey Loyd
Mortgage Loan Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-79792930587043309022019-02-15T14:18:00.002-05:002019-02-15T14:18:57.494-05:00Amazon Ditches NYC
Consumer sentiment pushed higher in early February due in part to the end of the partial government shutdown and after the Federal Reserve signal that it will pause in raising interest rates. The Consumer Sentiment Index rose to 95.5 this month, up from 91.2 in January and above the 94 expected. Within the data, it showed that consumers' long-term inflation expectations fell to the lowest level Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-40107923588208267402019-02-06T17:53:00.002-05:002019-02-06T17:53:34.685-05:00Mortgage Application Decline
The Mortgage Bankers Association (MBA) reports that its Market Composite Index, a measure of total mortgage loan application volume, fell 2.5% in the week ended February 1, 2019. The MBA said the refinance index was near unchanged while the purchase index declined 5%.
Mortgage rates edged lower in the latest week to the lowest levels since April 2018. The 30-year fixed-rate mortgage fell seven Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-12053332204601817822019-02-06T17:50:00.002-05:002019-02-06T17:50:29.829-05:00The Fed throws a party for Stocks and Bonds
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Jeffrey Loyd
Mortgage Loan Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-83922672862832981582019-01-31T12:45:00.002-05:002019-01-31T12:45:21.995-05:00🔺 New Homes Sales are Up 🔺
The partial government shutdown ended last Friday so the delay of sales of newly built homes for November was reported today with a big number. November New Homes Sales jumped 17% from October to an annual rate of 657,000 units, well above the 555,000 expected. However, sales were down 7.7% from November 2017. Across the country, sales jumped 100% in the Northeast, up 30.5% in the Midwest, Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-78691605640122311432019-01-30T15:47:00.000-05:002019-01-30T15:47:03.028-05:00Job Numbers Remain Strong
ADP National Employment Report January 2019
The labor market continues to produce strong numbers while the U.S. economy remains on solid ground. ADP reports that private employment grew by 213,000 in January, well above the 170,000 expected. December was revised lower to 263,000 from 271,000 and also a strong number. “The labor market has continued its pattern of strong growth with little Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-43245537796210088522019-01-29T19:25:00.001-05:002019-01-29T19:25:21.877-05:00Home Price Gains Slow Amid Lower Consumer Confidence
Home price gains slowed in November and are now coming back down to more normal levels. The Case-Shiller 20-City Home Price Index rose 4.7% from November 2017 to November 2018, down from 5% in October. On a monthly basis, the 20-City Index rose 0.3%. The report read that stable 2% inflation, continued employment growth and rising wages are all favorable to the housing market ahead of the spring Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-89416431451781695642019-01-28T13:21:00.000-05:002019-01-28T13:21:06.744-05:00Finally Open Again
Partial Government Shutdown / Cropped Photo: Bjoertvedt / Wikimedia / CC BY-SA 3.0 / (MGN)
This week the U.S. financial markets will get a big dose of economic data along with a central bank meeting. The week features the two-day Fed meeting which kicks off on Tuesday and ends Wednesday with the monetary policy statement release at 2:00 p.m. ET. There is a zero percent chance of a hike at Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-90702327726932675292019-01-28T12:12:00.001-05:002019-01-28T12:12:52.539-05:00Calm before the Storm for Financial Markets
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Jeffrey Loyd
Mortgage Loan Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-63725788807416317232019-01-25T13:00:00.000-05:002019-01-25T13:00:02.657-05:00Home Prices Rise Year Over Year
Modest Increase in Aggregate Home Prices
Zillow reports that median home prices rose 7.6% year-over-year in December 2018, to $223,900, just above the 7.4% recorded in December 2017. Rents increased at an annual pace of 1.4%, the largest increase since June 2018. When looking more closely at local conditions in the country's biggest markets revealed a sometimes-notable slowdown in a Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-4271969344453500872019-01-21T11:56:00.000-05:002019-01-21T11:56:11.757-05:00The trend continues as we honor MLK
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Jeffrey Loyd
Mortgage LoanUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-20936190813479013862019-01-14T13:06:00.003-05:002019-01-14T13:06:34.200-05:00When the trend is no longer your friend
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Jeffrey Loyd
Mortgage Loan Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-82159231479587780702019-01-14T13:03:00.003-05:002019-01-14T13:03:47.905-05:00A bad Apple helps home loan rates
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-37973641502769774252019-01-07T11:40:00.000-05:002019-01-07T11:40:06.697-05:00Be Bold, Be Charismatic, Do Your Homework
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Jeffrey Loyd NMLS #:410097Mortgage Loan OfficerPhone: +1 212 243-0373Fax +1 347 686-6406 jloyd@unfcu.com www.unfcu.org/JeffreyL
Be Bold, Be Charismatic, Do Your Homework
Bold - 212 Charisma & Small Talk Tips to EngageUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-2773830906956753052019-01-02T22:23:00.001-05:002019-01-02T22:23:29.383-05:00Happy New Year
Wishing you a new year that sparkles and shines!
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-75619446456043243972019-01-02T22:18:00.001-05:002019-01-02T22:23:51.986-05:00Bonds Partying Like it's 2019
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Jeffrey Loyd
Mortgage Loan Officer
Phone: +1 212 243-0373
Fax +1 347 686-6406
NMLS #:: 410097
jloyd@unfcu.com
www.unfcu.org/JeffreyL
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-46598373542447402792019-01-02T22:17:00.002-05:002019-01-02T22:20:50.768-05:00Fed rate hike helps home loan rates improve
Jeffrey Loyd
Mortgage Loan Officer
Phone: +1 212 243-0373
Fax +1 347 686-6406
NMLS #:: 410097
jloyd@unfcu.com
www.unfcu.org/JeffreyL
In This IssueUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-9975032009892195442018-12-19T11:43:00.003-05:002018-12-19T11:44:27.789-05:00Bouncing into Fed Week
Jeffrey Loyd
Mortgage Loan Officer
Phone: +1 212 243-0373
Fax +1 347 686-6406
NMLS #:: 410097
jloyd@unfcu.com
www.unfcu.org/JeffreyL
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-28576120466418110452018-12-17T10:54:00.001-05:002018-12-17T10:56:27.055-05:00Be a Fred
A great read!
How To Be A Fred by Thomas Yuschak is a quick read. And well worth it.
The concept I wanted to share was how Yuschak defines pressure as different than stress. For me, this was what stuck.
"Stress is a physiological response to pressure but it's not the pressure itself. Pressure sets the level of urgency, the level of importance, the level of visibility."
We Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-83603379877777199322018-12-10T10:23:00.001-05:002018-12-10T10:35:25.665-05:00Santa Clause Rally in Bonds
Jeffrey Loyd
Mortgage Loan Officer
Phone: +1 212 243-0373
Fax +1 347 686-6406
NMLS #:: 410097
jloyd@unfcu.com
www.unfcu.org/JeffreyL
In This Issue
Last Week in Review: Summer Rates Return Forecast for the Week: Will History Repeat Itself?Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-31096382.post-45856874099377794532018-11-27T13:19:00.002-05:002018-12-10T10:35:55.678-05:00Every Deal Is Precious - Be Sure Your Buyer is Pre-Approved!
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Jeffrey Loyd NMLS #:410097Mortgage Loan OfficerPhone: +1 212 243-0373Fax +1 347 686-6406 jloyd@unfcu.com www.unfcu.org/JeffreyL
Every Deal Is Precious - Be Sure Your Buyer is Pre-Approved!
It's a changing market.
BuyersUnknownnoreply@blogger.com0New York, NY, USA40.7127753 -74.005972839.9423093 -75.296866299999991 41.483241299999996 -72.7150793