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Thank you for considering PMF for your loan needs. We appreciate you giving us the opportunity to earn your business.
Whether you are looking to BUY A HOME or REFINANCE YOUR EXISTING ONE, here is what we can offer you:
* Same Day Pre Approvals.We talk with you; take a mini-application and Pre Approve you within minutes and issue your Pre Approval Letter within an hour.
Fill out the Quick Quote Mini Application to the right so we can start the loan prcoess today!!
* Loan Closings In As Little As 1 week. Whether you are buying a home, needing cash to pay off debts or lowering your existing interest rate, We Can Make It Happen!
* A Simplified Loan Process. We make it easy for you to do business with us!
* Credit Repair through Bluegrass Credit Doctors. They work with you to remove erroneous information from your credit report and with Rapid Rescore, your report can be updated and your score increased in a matter of days.
* You Choose From A Variety Of Loan Options. Whether you want a low rate or low fees, our loan programs can be tailored to meet your specific needs.
- We offer VA Loans that provide 100% Financing.
- We offer FHA Loans with as little as 3% down that allow a seller to cover some or all of your closing costs.
- We offer Conventional FNMA Loans.
- We offer Commercial and Business Loans.
- We offer Reverse Mortgages.
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Need to talk to someone right now? Pick up the phone and contact Ray Schnur on his cell phone at 502-494-6048 or email him at rschnur@pmf-usa-lo.com .
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 Mortgage News Daily
Underwriters: Loan Quality Still in Need of Improvement; Interesting FICO Score Data; Will the Fed sell their MBS Holdings? - 1 hour ago
Posted To: Pipeline PressAt the last company Christmas party, loan agents lined up on one side of the room and the underwriters on the other side. The loan agents throw fire cracker at the underwriters...and the underwriters lit them and threw them back. A long-time underwriter wrote to me and opined, "Consumers always want more than what they can afford and we gave them exactly what they wanted for the last 10 years (without any prudent financial advice). I actually like the guideline changes and feel it is necessary to eradicate some of the lackadaisicalness that I hear in some underwriter's voices. Manufacturing quality is still a problem for the Agencies, and originating mortgage companies are still closing loans that are not 100% purchasable by the aggregators upon delivery. Fannie and Freddie have technology...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS OPEN: Rates Ticking Higher Just Because They Can - 3 hours ago
Posted To: MBS CommentaryGood Morning. I've had some great coaches in my lifetime...none better than my high school/juniors hockey skipper. Many of the messages he bestowed upon me have carried over from the locker room into my professional life. One of my favorites is the K.I.S.S principle. KEEP IT SIMPLE STUPID This is incredibly relevant to the current market environment. The econ calendar isn't providing much meaningful guidance at the moment. Stocks are still showing an unwavering inclination to do what they want, when then want. Politicians are counting votes, leaving some of the most important reform debates of our era at the mercy of party lines. Fiscal affairs abroad are falling victim to heavy scrutiny AND speculation. Overall, this doesn't paint a very clear BIG PICTURE perspective. Well actually...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Day Ahead: Inventories, Budget Statement, Treasury Auction - 4 hours ago
Posted To: MND NewsWireInvestors this morning await the first real data to be released this week. But wholesale trade inventories isn’t a major market mover, nor is the afternoon’s budget statement, so it could be a quiet day if investors prefer to postpone trading until retail sales figures hit the headlines on Friday. One hour before the opening bell, the market is pretty flat. Dow futures are down 1 point at 10,563 and futures on the S&P 500 are up 0.00 points to 1,140.50 Meantime, WTI crude oil is up 31 cents to $81.80 per barrel, and Spot Gold is trading $5.15 higher at $1,127.00. Earlier today the Mortgage Bankers Association said its index of mortgage application rose 0.5% in the first week of March, but it remains down 12.5% from last year. Key Events Today: 10:00 ? Wholesale Trade Inventories...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Explaining The MBS Settlement Process - 19 hours ago
Posted To: MBS Commentary10yr Notes progressively improved into the PM , ending 5 ticks better on the day with a yield of 3.70. MBS fought off much of the AM weakness in tsy's, and rallied just as well into the PM, reaching 101-15 at 4pm. But then we ended 4 ticks down on the day at 101-01! WHAT?!?!? So you're tellin' me MBS effectively erased all gains from the past two days?! Not exactly... I'll let AQ explain... -------------------------------------------- If you haven't read the following description of the agency MBS settlement process...please don't skip over it as it may save you from having to change your pants when next month's settlement rolls around. If you have read it...go over it one more time just to make sure the underlying logic is clear. The March FN 4.5 MBS coupon has...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Commercial and Multifamily Mortgages Outperforming Overall Bank Holdings - 20 hours ago
Posted To: MND NewsWireCommercial and multifamily mortgages continue to have the lowest rates of charge-offs of any loan types at banks and thrifts and perform better than the overall loan portfolios at those institutions according to the Mortgage Bankers Association (MBA). In response to what it referred to as a great deal of discussion and conjecture about those loans in recent months, MBA updated an earlier " DataNote " analysis of commercial and multifamily mortgage data from the 4th quarter of 2008 with data from the same period in 2009. The report states that 56 percent of the assets held by banks and thrifts at the end of 2009 consisted of loans and leases, a category that includes 1-4 family mortgages, home equity loans, credit cards and other consumer loans, commercial mortgages, multifamily mortgages...(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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