Operations Employee Of The Quarter!

Lance Rawlinson

Lance lives in the small town of Celina, TX with two Dirty Cow Dogs, two Cats, a Macaw, a ton of books & a few guns. Some of Lance's hobbies are reading, cleaning, ironing, and taking in as much baseball as is humanly possible, as well as taking the occasional nap.

Lance's favorite thing about LeaderOne: My colleagues who are always pleasant, supportive and willing to help when things get a bit sideways and doing so with smiles on their faces!

Comments by Lance's Co-Workers:

"Lance is one of the most dedicated employees you could find. He has even been known to drive to work through ice storms if he feels there are customers relying on him."

--Michael Stoddart, COO

"Always there to answer any questions or pick up any slack when needed even though he is on a different team."

"Helpful, positive, educational."

Sales Employee Of The Quarter!

Andrea Barnes

Andrea comes form Grain Vally, MO, with her husband and three children. They enjoy going to the Lake of the Ozarks during the summer, love the outdoors and boating and love getting involved with all of their kids activites and sports!

Andrea's favorite thing about LeaderOne: Watching the company grow and expand and I love that everyone can have an impact on the direction of the company, the sky is the limit!

Comments by Andrea's Co-Workers:

"Andrea started as a processor with L1, became a loan officer, hired an LO, opened her office and added two more employees... now a Tier Two.... she definitely had a plan and followed it through. In addition, I have seen nothing but EXCEPTIONAL customer surveys from her closings. They state her knowledge, professionalism and timely closings as reasons they will continue to come back to LeaderOne! Great job, Andrea!"

- David Brockes, Regional Manager

"Andrea started our branch a year and half ago and has now grown our team to 2 LOs and 2 Processors. She is always spearheading new ideas and implementing new plans to grow our office."

Questions? Call LeaderOne Financial at 800-270-3416.
We are always available to help make sense of the market.

Mortgage News Daily News Feed

MBS RECAP: Bonds Continue Reinforcing The Range Ahead of Fed Week

Posted To: MBS Commentary

Up until this morning's Durable Goods data, bonds looked ready to go either way. MBS and Treasuries were slightly weaker, somewhere around halfway back to yesterday's weakest levels. An exceptionally strong showing in the econ data may well have resulted in a test of those weak points. Instead, the data was fairly poor overall. Cars, Planes, and defense spending buoyed the headline, but by the time those volatile, big-ticket items were factored out, the business spending outlook was not so hot . In addition, last month's numbers were revised significantly lower. Bonds rallied as a result. The trading that occurred overnight, leading up to the report ends up looking like a temporary departure from a 2-day trend that stayed positive for bonds through the noon hour today. It's...(read more)

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HUD Changes Distressed Loan Sale Requirements

Posted To: MND NewsWire

The Department of Housing and Urban Development (HUD) is tweaking its bulk loan sales program to give distressed borrowers a better shot at staying in their homes. HUD announced today that investors who purchase delinquent mortgages through the Department's Distressed Asset Stabilization Program (DASP) will have to delay foreclosures for one year after purchase rather than the six month hiatus that had previously been required. In addition loan servicers will have to evaluate all borrowers in the loan pool for eligibility for the Home Affordable Modification Program (HAMP) or a similar loss mitigation program. In the past the assessment of borrowers for loan modifications was encouraged but not required. HUD is also making improvements to the Neighborhood Stabilization Outcome (NSO) sales portion...(read more)

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Mortgage Rates Continue Marginally Lower

Posted To: Mortgage Rate Watch

Mortgage rates barely budged again today, which means they've been able to hold under an important ceiling as we head into next week's Fed Announcement. Given the improvement in underlying market conditions, lenders are playing it safe with rate sheets. This could allow them more flexibility in the event markets improve further at the start of next week. 3.75% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios, though several lenders are at 3.625%. As always, keep in mind that a borrower being quoted one rate almost always has the option to pay more upfront in exchange for a lower rate. Whether or not this makes sense is a matter of personal preference. In terms of lock/float strategy heading into next week, today was effectively a "pass." That's not a bad...(read more)

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Lenders give Mixed Reviews to new GSE, FHA Initiatives, Homeowner Education

Posted To: MND NewsWire

Lenders appear at least moderately encouraged by new efforts on the part of Fannie Mae and FHA to lower the costs and increase the availability of mortgage financing. Fannie Mae's most recent quarterly Mortgage Lender Sentiment Survey, conducted in February found about 2/3s of lenders thought the initiatives would be beneficial. Fannie Mae introduced a new 97 percent home mortgage late last year and a similar program was unveiled by Freddie Mac starting this month. In January FHA reduced its annual mortgage insurance premiums ( MIP ) by 0.5 percent on new loans. Fannie Mae's Economic & Strategic Research Group surveyed senior mortgage executives in February to examine lenders' views about the expected impact of these initiatives. Lenders had earlier told Fannie Mae that the top two causes...(read more)

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MBS MID-DAY: Calmly Holding Gains so Far; Afternoon Could Bring Headwinds

Posted To: MBS Commentary

The most notable feature of today's trading session has been the weaker than expected components of the Durable Goods data. In other words, the headline was better than expected, but the internals were weaker. Specifically, the internal component that factors out defense spending and aircraft was -.5 percent weaker versus forecasts for a 0.3 percent improvement. Additionally, the previous reading of that component was revised to -2.2 from -1.1. This gave bonds a boost at the outset. Both Treasuries and MBS moved into positive territory after beginning the day slightly weaker. The gains have been mostly maintained amid quiet Friday trading conditions. The afternoon presents some headwinds though. I alluded to these in this morning's commentary, saying that opportunistic traders may try...(read more)

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