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: Calm, Resilient Day Maintains Calm, Resilient Week (and month)

Posted To: MBS Commentary

In the shadow of October 15th--by some measures, the most volatile day in the history of Treasury trading--everything that's followed has been exceedingly tame by comparison. The correction leading back toward slightly higher rates was mechanical and non-threatening . And now November is slipping away with mortgage rates having held 4.0% the entire time and 10yr yields staying in the 2.3's. Today's session never had much of a chance to break the bigger-picture mold. To end the week on anything other than a sideways note, we would have needed to see such a big rally or sell-off that it wouldn't have made any sense in the current context. Overnight headlines from Draghi helped a bit and China's rate cut hurt a bit, but bonds ground to stronger levels very slowly. It's...(read more)

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Technically at November Lows, but That Doesn't Mean Much These Days

Posted To: Mortgage Rate Watch

Mortgage rates improved again today , carving out another November low, albeit by only a small margin. For some lenders, rates are officially at "one month lows" with October 21st being the last day that similar rates were available. Actually, the rate has been available, but it's the COST required to obtain that rate that's fallen back to 10/21 levels. 4% remains the most prevalently-quoted conforming 30yr fixed rate for top tier borrowers. It's far less prevalent, but 3.875% is being quoted in some cases. History doesn't offer many examples of the phrase "lowest rates in a month" meaning much less than it does today. The entirety of the past 30 days saw no change in the most common rate quote of 4% and only very little change in the associated closing costs. In fact, "lowest in a month" is...(read more)

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Natural Disasters are now Measurable Default Risks

Posted To: MND NewsWire

Growing numbers of severe weather events throughout the U.S. may be giving new meaning to "location, location, location" in the housing world. CoreLogic senior economist Kathryn Dobbyn writes in the company's blog "housing Pulse" that the $8 billion in property damage caused by severe weather in the U.S. in 2013 is causing the housing industry to think about the risk of any given location's exposure to natural disasters which are only expected to continue to increase in both frequency and intensity. In some parts of the country, such as Florida's hurricane prone Atlantic coast or the Mid-West's "Tornado Alley" the risk of unexpected property damage is always there and the mortgage industry has relied on required insurance to mitigate its risks. But for a variety of reasons, costs, a lack of...(read more)

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GSEs Cut Lenders a Big, Retroactive Break on Reps and Warrants

Posted To: MND NewsWire

Fannie Mae and Freddie Mac have nailed down the promised details the life-of-loan exclusions related to their representation and warranty framework. Under the direction of the Federal Housing Finance Agency (FHFA) the two government sponsored enterprises (GSEs) announced the changes on Thursday afternoon. Press releases from the two mortgage companies said the enhancements to the framework are expected to help reduce lender concerns about when a GSE may demand a loan be repurchased. While the framework provided relief as explained below there remained so-called "life of loan" exclusions which permitted the GSEs to involve repurchase requests as long as there was an unpaid balance on the loan. Freddie Mac said that concerns over these exclusions have caused some lenders to impose credit overlays...(read more)

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FHFA Tracks G-fee Evolution; Hopes You Won't Read Fine Print

Posted To: MND NewsWire

A report from the Federal Housing Finance Agency (FHFA) says that while the average fee charged by the government sponsored enterprises (GSEs) for providing a loan guarantee (g-fee) has more than doubled since 2009, both pricing differences and fee equity have increased. The FHFA report is required for annual presentation to Congress. Fannie Mae and Freddie Mac, the GSEs, acquire single-family loans from lenders, some of which they hold in their own portfolios but most of which are securitized in the form of mortgage-backed securities (MBS) and sold to investors. The GSEs guarantee timely payment of interest and principal from borrowers to investors in these securities and in return charge the lender (seller) a g-fee to cover three types of costs they expect to incur. Costs include what they...(read more)

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