Scott's Blog

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Mortgage and Lending - Summit Mortgage Corporation
RECENT BLOG POSTS
  "The smart ones ask when they don't know. And sometimes when they do." Consider these wise words from Malcolm Forbes, a man who clearly knows a thing or two about surviving financial storms. Isn't that what we're supposed to do when we don't know, are facing adversity or are in over our heads? ...
12/02/2008
What are you doing to build your business that's working and what is it you're not doing that we already know will work. Take a minute and compare the two. If you're doing what you have always been doing your results are really starting to show. Are you going to stand by and wait like most of the...
11/20/2008
Mortgage Bonds are currently trading slightly higher and between the 50-day and 25-day Moving Averages. Since there are no economic reports scheduled for release, Bond prices will likely take direction from Stocks throughout the day. In other news, President Bush is set to sign the Economic Stimu...
02/11/2008
Mortgage Bonds are trading lower on the day as recent volatility continues to shakeup the fragile markets. Initial Jobless Claims were reported higher than expected, which suggests that job growth and the economy are continuing to slowdown. There may also be more market moving news later today, a...
02/07/2008
The ISM Services (non-manufacturing) Report for January was released this morning and the reading was well below expectations. Weak economic news is typically good news for Mortgage Bonds and this morning's poor ISM was no exception and helped bond prices to move higher. Stocks have suffered so f...
02/05/2008
Inflation Could Make a Comeback After a long period of dormancy, inflation may be heating up again. At the November 2007 reading, the consumer price index posted the largest monthly gain in two years. In the 12 months ending in November, the inflation rate was 4.3%, well above the 20-year averag...
01/24/2008
  Creditworthiness is an inseparable part of financial health. Test your understanding of credit reporting with this quiz.1.Federal law requires each of the main credit-reporting agencies to provide consumers with a free copy of their credit reports on request once every _________. month 12 month...
01/16/2008
Test for Dementia Below are four (4 ) questions and a bonus question. You have to answer them instantly. You can't take your time, answer all of them immediately . OK?Let's find out just how clever you really are.... First Question:You are participating in a race. You overtake the second person. ...
01/14/2008
Many of us are trying our best.  We read all the press releases, we talk to mortgage consultants, we read association publications and yet we cannot keep up with the never ending changes in the lending arena.  So what is a hard working agent to do?  The following, unsolicited, advice comes from y...
12/20/2007
IMPORTANT ANNOUNCEMENT REGARDING AGENCY RISK BASED PRICINGIn an effort to more accurately price risk for mortgage loans, the "Agencies", Fannie Mae and Freddie Mac have announced new risk-based pricing guidelines. These new Guidelines are being implemented over the next few weeks as Lenders and W...
12/16/2007
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