Real World Mortgage Solutions

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Mortgage and Lending - Team Move OVM Financial - NMLS # 78989
The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.
RECENT BLOG POSTS
Housing Market is Still a Bright Spot in the EconomyJune Housing Starts rose 4.89 percent from May to an annual rate of 1.189 million units versus the 1.165 million expected, while May was revised lower to 1.135 million from 1.164 million. Single-family starts, the largest segment of housing star...
07/19/2016
June 2016 Jobs Report The Bureau of Labor Statistics reported on Friday that 287,000 jobs were created in June, above the 175,000 expected. The better-than-expected number was somewhat offset by May's revision lower to just 11,000 jobs from 38,000. From April to June, job growth averaged 147,000 ...
07/08/2016
The S&P/Case Shiller 20-city Home Price Index showed a solid 5.4 percent gain year-over-year in April. That was near in line with expectations and just below the 5.5 percent recorded in March. From March to April, a 0.5 percent increase was seen. Home prices have grown at a rate of around 5 perce...
06/30/2016
The Commerce Department reported on Thursday that May New Home Sales fell from an eight-month high due to weakness in the South, Northeast and West. New Home Sales fell 6 percent from April to an annual rate of 551,000 units, below the 560,000 expected. April was revised lower to 586,000, still t...
06/24/2016
Trended Data Credit Reports ExplainedAs we like to say “Everyone is a number, so you might as well have a good one”.  Lenders have based decisions to approve or deny on your credit score number.  Even employment and insurance rates can be based on your credit score!  Now with Trended Data, a pers...
06/04/2016
The Sanford Herald Announced the Best Mortgage Loan Company to be Team Move OVM Financial!Best Mortgage Loan Company is such a wonderful award and we are so happy that the people of Lee County have chosen us.  We have had opportunities to work in larger and more populated cities where there are l...
06/04/2016
The May Jobs Report showed that there were just 38,000 new workers hired, well below the 155,000 expected. It was the lowest number since September 2010 when it was a negative 52,000. The Unemployment Rate fell to 4.7 percent, but it does not cover those Americans who are not actively looking for...
06/04/2016
The Bureau of Labor Statistics reported on Friday that Non-farm Payrolls rose by 215,000 in March, above the 200,000 expected, though down from the 245,000 created in February. Within the report it showed that the Unemployment Rate edged higher to 5 percent from 4.9 percent.The positive report si...
04/01/2016
The Labor Department reported that there were 242,000 jobs created in February, above the 190,000 expected. Plus, December and January were revised higher by a total of 30,000. The Labor Force Participation Rate ticked up to 62.9 percent, the highest since January 2015, while the Unemployment Rat...
03/07/2016
Experienced & Licensed Mortgage Loan Officers can build their business with Team Move!So many lenders are looking for experienced mortgage loan officers and we are too.  But we are offering loan officers and teams who are masters of their craft, a higher level of extra personal attention, support...
02/22/2016
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Russell Smith

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