Rodney Mason - Conv, FHA, VA, USDA, Renovation

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Mortgage and Lending - Guaranteed Rate - NMLS #151088

ARCHIVED BLOG POSTS

2010 

Tuesday morning saw a mixed bag of economic news.   The overseas market declines and the indecision ahead of Friday's employment reports caused treasuries to rally and stocks to fall.  It was reported that the consumer confidence index increased from 51 in July to 53.5 in August.  This number is ...
08/31/2010
This morning saw the release of several consumer spending reports.  The reports show that consumer spending rose 0.4% in July.  This is slightly better than the 0.2% that was expected by economists.  June's reading came in at 0.1%.  This report shows that even amid economic uncertainly and high u...
08/30/2010
Fannie Mae clarifies its position on requiring a second credit report just before closing. Borrowers sometimes think that once they get their underwriting approval, that they now have the green light to go shopping for everything from new furniture to appliances to maybe even a new car.  However,...
08/30/2010
It's very often not the underwriter or even thelender that adds a condition that some don't agree with.  There is one very important thing to keep in mind.  All loans must be underwritten to meet the Secondary Market requirements.  Unless the lender is doing a portfolio loan, which is almost unhe...
08/29/2010
Both WSB-TV and the Atlanta Journal-Constitution are reporting that an adult female tiger rattlesnakehas escaped from Zoo Atlanta.  The rattlesnake reportedly went missing on Friday after escaping from an enclosure at the Atlanta Zoo in the Grant Park area of the city.  The snake arrived at the z...
08/28/2010
This morning opened with a rally in the stock market.  The rally comes after after Bernanke reassures investors that the Fed will take the necessary steps to help the economy recover.  In his speech, Bernanke gave a detailed analysis of the economy and said that growth during the past year has be...
08/27/2010
Mortgage bonds opened higher on the day.  They quickly lost their ground when the Initial Job Claims number was released.  The Jobless Claims for last week were slightly better than expected.  This gave the equity market slight optimism after a week of disappointing housing data.  Initial jobless...
08/26/2010
Menchies's in the Toco Hills Promenade opens on Saturday, August 28, 2010.  Don't wait until then though.  Come out to Menchie's on Friday, August, 27, 2010 from 6-10 pm. Anyone who comes in gets FREE fro-yo.  It's Menchie's way of thanking the community for a warm welcome to the neighborhood. Co...
08/25/2010
Housing data continues to pressure the equity markets.  The Dow fell considerably below 10,000 this morning.  New Home Sales for July fell 12.4% month-over-month.  This gives an annualized rate of 276,000 units.  That is well below the rate of 334,000 units that had been expected.  This is also ...
08/25/2010
When a home that you own is going to be vacant for awhile, make sure to notify your homeowner's insurance agent.  The consequenecs of not doing so could be very costly.   It happened again. This time to a different short sale and not in Sacramento. This short sale is in Roseville. High demand nei...
08/25/2010
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Rodney Mason

Licensed in AL, FL, GA, SC, & TN
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