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Why should you work with a Certified Mortgage Planning Specialist? You deserve expert advice when making important decisions regarding your:
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Largest debt - your mortgage
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Largest investment - your home equity
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Life planning needs and goals - your cash flow
What if everything you knew about home loans and retirement planning was wrong? When would you want to know?
We specialize in:
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Increasing your cash flow and redirecting it to benefit you most
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Maximizing your tax deductions, reducing your income tax payments
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Keeping your home equity liquid, safe, and earning a rate of return
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Tax free retirement income planning
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Helping you plan for your future needs such as college expense or caring for your parents
Thank you for visiting this website.
Browse around to learn more about why you have found your ideal partner in financing and building your future.
Partners who work with us for your financial success:
www.CSPFinancialGroup.com
www.KnowlesFinancial.com
"The significant problems we face cannot be solved at the same level of thinking we were at when we created them."
Albert Einstein
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Managing Partner, CMPS
Primary Residential Mortgage, Inc.
1497 Chain Bridge Road
Suite 104
McLean, VA 22101
Office Phone: 703-752-6700 EFax: 202-298-9346
Email: cquinn@primeres.com
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Mortgage News Daily
How Did The Employment Report Affect Mortgage Rates? - 2 days ago Posted To: Mortgage Rate WatchIt is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to or cut from employer payrolls in the prior month. Consensus Forecast: -100,000 vs. -131,000 in July (Private payrolls increased 71,000 in July and +41,000 expected today) Unemployment Rate: the percentage of working-age, mentally able-Americans who are jobless. Consensus Forecast: 9.6% of the labor force vs. 9.5% last month Average Hourly Earnings: the average amount of earnings per hour of labor performed. Consensus Forecast: +0.1% vs. +0.2% last month. Average Work Week: average amount of hours worked by an employee...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. All Signs Point to Higher Rates in Week Ahead - 2 days ago Posted To: MBS CommentaryNFP has come and gone, let's see where things stand.... The October delivery FNCL 4.0 is -0-09 at 102-15. In the chart below I called attention to a few technical inflection points. The ascending trend channel that helped mortgage rates hit new lows on Wednesday has broken down and FNCL 4.0s have made their way back into the range that moderated price action for the majority of August. The falling knife found support and bounced higher directly in the middle of that range. 10s flagged lower for the entire month of August (all summer really) and are now flagging higher. The 2.625% coupon bearing 10 year TSY note is off its session price lows (98-24) at 99-07 yielding 2.715% (+8.8bps). 10s are the worst spot on the curve followed by 7s (+8.6bps) and the long bond (+7.6bps). Volume was heavy into...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. FHFA Establishes New Housing Goals for GSEs - 2 days ago Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mortgage market The new rules establish three goals for single-family, owner-occupied home purchases; one for low-income families, another for very low-income families, and a third for families living in geographical areas with lower-income populations, areas with high concentrations of minority residents, or federal declared disaster areas. The goal for disaster areas contains a sub-goal to ensure that the needs of lower-income and minority areas are addressed. A goal has also been established for...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping - 2 days ago Posted To: Pipeline PressIf there's one thing that an investor will never let any originator off the buyback hook for, it's fraud . Not only that, but the penalties can go far beyond merely buying back the loan, and saying' "My bad." Just in the last few days, Laura-Jean Arvelo and Ronald O'Malley, a New Jersey mortgage broker and former head of the Bergen County Improvement Authority, was indicted by a federal grand jury on charges of preparing fraudulent mortgage applications. Both are charged with wire fraud, bank fraud and loan application fraud in order to take bogus documents and falsified applications to trick lenders into making mortgage loans and benefited from fees they received. Ryan Miller of Missouri was sentenced to more than 12 years in federal prison and pay $6 million in restitution for mortgage fraud...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. Employment Situation Report: -54K Total Job Losses. Private Sector Adds 67k Positions. Bonds Sell - 2 days ago Posted To: MBS CommentaryTHE EMPLOYMENT SITUATION – AUGUST 2010 – BETTER THAN EXPECTED From the Release... Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment fell, as 114,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment continued to trend up modestly (+67,000). The number of unemployed persons (14.9 million) and the unemployment rate (9.6 percent) were little changed in August. From May through August, the jobless rate remained in the range of 9.5 to 9.7 percent. The number of long-term unemployed (those jobless for 27 weeks and over) declined by 323,000 over the month to 6.2 million . In August, 42...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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Primary Residential Mortgage, Inc. - 1497 Chain Bridge Road Suite 104 - McLean, VA 22101 Office Phone: 703-752-6700 EFax: 202-298-9346 Email: cquinn@primeres.com
VA License #MLB-794 North Carolina License #L-112833-163
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