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

HELOC Resets Still a Concern

Posted To: MND NewsWire

Home Equity Lines of Credit or HELOCs are one area of focus of the July Mortgage Monitor issued by Black Knight Financial Services on Tuesday. The company said there is still concern about possible payment shock for homeowners with HELOCS as the millions put in place during the housing boom reset and begin to amortize. Black Knight estimates that at least 2.5 million borrowers face these resets over the next three years. At that point the period during which borrowers can draw down on their home equity through these loans will end and the loans will convert from an interest only payment schedule to a fully amortizing one. The average increase in payments is estimated at $250 per month. According to Kostya Gradushy, Black Knight's manager of Research and Analytics, this average could increase...(read more)

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Eleven States Set New Home Price Peaks

Posted To: MND NewsWire

Home prices increased continued in July and those increases continue to be broad-based CoreLogic said on Tuesday. The company's Home Price Index (HPI) report says that prices nationwide including distressed sales (short sales and sales of bank-owned real estate) were up 1.2 percent from June to July and increased 7.4 percent compared to July 2013. July thus becomes the 29 th month in which prices increased on an annual basis. CoreLogic points out however that these are no longer double-digit increases . The HPI which excludes distressed sales gained 6.8 percent on a year-over-year basis and was up 1.1 percent from June. The HPI which excludes distressed sales increased in every state and the District of Columbia. Arkansas was the only state to post a decline - 0.9 percent - when distressed...(read more)

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Construction Spending Highest Since December 2008

Posted To: MND NewsWire

Construction spending in July was at a seasonally adjusted annual rate of $981.3 billion the Census Bureau said today--the highest since December 2008. That was an increase of 1.8 percent from June's revised estimate of $963.7 billion (up from the original estimate of $950.2 billion) and was 8.7 percent higher than the estimate of $906.6 billion in July 2013. Total residential spending was at an annual rate of $363.5 billion compared to $360.8 billion in June and $337.9 billion a year earlier, increases of 0.7 and 7.6 percent respectively. On a non-seasonally adjusted basis total construction spending in July was $88.6 billion compared to $86.70 billion in June and $83.3 billion a year earlier. Non-seasonally adjusted residential spending was $33.3 billion. Through the end of July the 2014...(read more)

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MBS MID-DAY: Bond Markets Weaker to Start September; MBS Outperforming

Posted To: MBS Commentary

Bond markets had been setting up for the extended weekend by being cautious about getting caught on the wrong side of this week's trade. Consider the following factors : A perpetual trend toward lower yields in 2014 Another more clearly-delineated trend lower in July/Aug Geopolitical flare-ups in full force An ECB meeting that might produce new news on QE With these in mind, the bigger risk for bond market participants was that they wouldn't be set up for rates to go as low as they might keep going this week. Long story short, there may well have been some excess positivity in bond markets heading into the weekend. It's not an oversimplification to think of this like a fighting force raising defenses for an attack that never comes and then lowering those defenses. This theme was...(read more)

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FHFA Sets Affordable Housing Goals, Requesting Public Comment

Posted To: MND NewsWire

The Federal Housing Finance Agency (FHFA) is seeking public comment on a set of preliminary affordable housing goals for the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac for the next three years. There is a single set of single family financing goals for both GSEs and separate goals for each covering multifamily units. FHFA is required by the Housing and Economic Recovery Act of 2008 to establish these annual housing goals for the GSEs. The agency is also proposing three alternative approaches for establishing single family housing goals. Alternative 1, would use the current two-step process which involves setting both a prospective benchmark level and a retrospective market level measure based on Home Mortgage Disclosure Act data. Alternative 2 would set only prospective...(read more)

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