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Mortgage and Lending - CMG Financial - NMLS# 312738
 The International Monetary Fund (IMF) reported this morning that global economic growth continues, but at a sluggish pace that leaves the world economy exposed to risks. The IMF shaved its global growth forecast for 2016 to 3.2% from 3.4% originally forecasted. A spokesperson said, "Persistent s...
    And the winner of yet another Month as Top Producer for March 2016...Mr. Jeff Harris! As the winner Jeff gets this nifty plaque to hang on his wall and the coveted Golden Dog for the month to display on his desk! Way to go Jeff, your gonna need more wall space!  
Economic growth in the first quarter of 2016 has been cut sharply in the past month led by weak trade abroad, weakness in retail sales, lower inventories and a slide in manufacturing. The Atlanta Federal Reserve reports that Gross Domestic Product (GDP) in the first quarter of 2016 is expected to...
  It is common for a mortgage to be sold to another company for servicing. As a result, scammers have realized that they have an opportunity to earnsome quick cash by sending people bogus letters stating that they have takenover the account, and all future payments should be sent directly to them...
Friday - April 8  Fed Chair Yellen spoke on Thursday night on a panel that included former Fed Chairmen Greenspan, Bernanke and Volcker. Ms. Yellen said that the U.S. economy was on a solid course with some hints of inflation, putting the central bank on track for future rate hikes. The Fed Chair...
  Thursday - April 7  Mortgage rates dropped to 52-week lows in the latest survey by Freddie Mac. Last week, Fed Chair Yellen urged caution on raising interest rates due to the global economic slowdown, which helped to push rates slower. The 30-year fixed conventional rate, $417,000 or less, fell...
 Getting a home loan today is tougher than it has been in the past. Lenders, like Tim Carroll at CMG Financial, are required to follow a plethora of rules and regulations to ensure and prove they are funding qualified loans to responsible borrowers. Here is what you need to know if are trying to ...
Credit agency Equifax recently reported that despite fears that the new disclosure rules would curtail mortgage lending, originations in 2015 far exceeded 2014. The Equifax National Consumer Credit Trends Report for March 2016 revealed that there were a total of $1.82 trillion new first mortgages...
Things to Consider When Buying a Short SaleFebruary 18, 2016For many, short sale properties are a draw for potential buyer because of the lower price they are listed at. But before you choose to make an offer and invest in a short sale property, here are some things to watch out for. First off, “...

Tim Carroll

Area Manager at CMG Financial
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