Fix-Flip loans: 6 mos no pmts - Rates edging up - Prospect rocks! - Mortgage overlays

Mortgage bond rates soared to a 5 month high this week,
suggesting that the era of record low rates may be over. /// Have a look at what Prospect Mortgage's achievements!...(below) /// Make it a good week folks. - Paul

Fix-Flip loans: No pmts 6 months
Flexible terms, quick closes. Ask me for a quote for your scenario.

Rates edging up
The 30-yr and 15-yr fixed rose dramatically this week, as did the 5-year ARM. The 1-year ARM remained unchanged. Read more.

Prospect Mortgage rocks!
PM is a real success story. In a challenging real estate and financial climate, we are experiencing dramatic growth. Consider the following benchmarks that we have achieved:

• No. 1 in Fannie Mae's HomePath® retail REO loan origination nationwide, according to Fannie Mae.
• No. 2 in 203K renovation loan origination nationwide, according to HUD data.
• No. 7 in FHA loan origination nationwide, according to Mortgage Data Web.
• No.12 in purchase loan origination nationwide, according to Mortgage Data Web.
  

What is a mortgage overlay?
Overlays have paralyzed parts of the industry and has left many Loan Officers, Realtors, and potential homeowners scrambling to ensure their loan is approved let alone keep the deal in one piece. Read more

Did you know?
...that a complete credit makeover takes only 75 days? Get a free analysis

Mortgage Handbook for Real Estate Pros
Mortgage info at your fingertips: What you need, When you need it:
* Appraisals
* Property types/features
* Condo financing
* Underwriting criteria
* Flips
* Loan programs/features
Go there

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" Ten people who speak make more noise than ten thousand who are silent"
- Napoleon Bonaparte