Scott Fowler's (sfowler) Blog

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Mortgage and Lending - Guaranteed Rate (NMLS ID #2611) - NMLS ID #107432

ARCHIVED BLOG POSTS

2009 

With rates at record lows, all lenders have recently seen a sharp increase in loan applications.  Remember also, lenders have dramatically reduced their staff over the last 18 months to cut cost.  This means timeframes needed for underwriting, approvals and closing have become longer than normal....
01/26/2009
Mortgage Bonds are off to a great start in 2009, as the Fed begins its planned purchase of $500B Mortgage Backed Securities. This process will continue gradually through June and should improve Mortgage Bond prices.  What does this mean in plain English.  LOWER RATES!!!   For today, there are no ...
01/05/2009
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Scott Fowler

Branch Manager / VP Mortgage Lending
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Daily commentary on mortgage industry. Every thing you need to know in plain English!