Rodney Mason - Conv, FHA, VA, USDA, Renovation

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Mortgage and Lending - Guaranteed Rate NMLS# 2611 - NMLS #151088
Monday morning saw the Mortgage Bonds once again trading lower.  This pattern continued from Friday afternoon's sell off.  The Fed QE2 policy is the source of much discontentment in the market. Each day this week, they are scheduled to buy Treasuries.  This is part of the Fed's action plan to pum...
The week of November 15 - 19 is full of economic reports. Monday morning had the release of Retails Sales and the Empire State Index.  Tuesday morning will see the release of the Producer Price Index (PPI), the Core Producer Price Index (PPI), Industrial Production, and Capacity Utilization repor...
The Von Maur department store chain is set to enter the Atlanta market late next year.  The family owned 25 store Davenport, Iowa chain is set to open it's first Georgia location in November 2011 at North Point Mall in Alpharetta. They will take over the space vacated by Belk in August 2009.  Van...
Is Cash Back to a Buyer at Closing Allowed?  It all depends on the situation and the loan program being obtained for the financing.  Lending guidelines only allow a buyer to get cash back at closing under very specific circumstances.  The buyer can never get back more money than they have contrib...
The Market opened on Friday with reactions to fears from China. Both Stocks and Bonds suffered due to Market concerns that China may raise their interest rates to fight the country's rising inflation. The University of Michigan reported that the consumer sentiment index jumped to 69.3 in November...
In observance of Veteran's Day, the Bond Market is closed today.  The stock market, however, is open for business today.  This morning, the stock say a drop.  This is due to overseas debt issues along with a worse than expected outlook for Cisco.     
This morning saw the release of the Initial Jobless Claims report.  For the week ending November 6, the report totaled 435,000.  This is down 24,000 from the previous week.  It is also significantly less than the 450,000 anticipated by the market.  A number below 400,000 gives the labor markets a...
Tuesday morning saw little action on the news front.  The only data came from the Wholesale Inventories report for September.  The release showed that wholesale inventories increased 1.5%.  This is much stronger than the 0.6% increase that the market was anticipating.  The afternoon saw the aucti...
FHA Condo Recertifcation Approval Requirements 1)   Determine date project was initially given its FHA approval.  This can be found at: 2)   If project initially approved prior to January 1, 2000, then a full project approval is going to be required. 3...
On December 7, 2010, a majority of all condo projects will see their FHA Project Approvals expire.  Once that happens, the project will either need a recertification or a full project approval.  You must first determine the date that the project was initially granted its FHA approval.  This can b...

Rodney Mason

VP of Mortgage Lending - AL, FL, GA, SC, & TN
local_phone(404) 591-2453
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