Larry Bailey - 23 years of Banking Experience 609-975-9182 FHA VA Conventional 203K Rehabiliation I set the Rates ~ Call me

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Mortgage and Lending - American Financial Resources, Inc.
I entered into the Banking Industry in 1987, with the goal in mind to make sure that my Customers (Clients) always had the best information, so they could make the best decisions for themselves. 23 years later, I have not changed that mindset. I am still making sure that all of my Clients and Relationships are getting the best information available, so that I can help them make the best decisions they can. My background and work experience has focused around the Business of "Money", whether it is working for a Bank, Mortgage Broker, or Mortgage Banker. I have also created and run a National Appraisal Management Company, as well as a Title Insurance Company that serviced the needs of both Lenders and Borrowers. My strategy has always been, and still is, to know more than my Competition and, just as important, to be able to "Put My Money Where My Mouth Is". If I can ever help you with anything to do with how to borrow money or how to save the most when borrowing money, let me know. I will be more than glad to help. Contact me for more information anytime. Specialties: Best example of what I do is helping people or companies achieve their goals. As long as you know where you want to get to, I have the ability to help. I specialize in the financial services industry, but have broad reaching skills that reach across many industries.
RECENT BLOG POSTS
           Just another reminder of why rates continue to rise. Let us help you close more files qicker. We can provide clear title Nationwide in as little as 24 hours.              
12/05/2008
Fri, Dec 05 - 1:23 PM ET MBS fall to near their worst levels of the day. Alert To Lock! 11:13 AM ET - Stocks fall after the weak jobs data - the Dow down 200 points. Oil continues to drop like a rock, now under $42. MBS slightly lower and look to be taking a breather after the huge rally that has...
12/05/2008
Fri, Dec 05 - 1:23 PM ET MBS fall to near their worst levels of the day. Alert To Lock! 11:13 AM ET - Stocks fall after the weak jobs data - the Dow down 200 points. Oil continues to drop like a rock, now under $42. MBS slightly lower and look to be taking a breather after the huge rally that has...
12/05/2008
Current Trend Direction: Sideways Risks favor: Carefully Floating, but be prepared to Lock later today Current Price of FNMA 5.5% Bond: $101.84, +3bp The markets were prepared for a bad Jobs Report this morning, but the results were far worse than expected. The November Jobs Report showed a loss...
12/05/2008
Fed Fund Futures are now showing a 65% chance of a 75bp cut on December 16. 10:04 AM ET - The Big 3 are back on Capitol Hill today looking for a bridge loan to keep from bankruptcy. With all of the bad news and weak data Stocks are slightly positive. MBS unchanged. 9:20 AM ET - Not much action i...
12/04/2008
Please read this as you will need to let all your family and friends know what is going on right now. Your information is a very hot commodity Having credit checked is an important and necessary step in the home buying process. But very few people realize that each time their credit is checked, ...
12/03/2008
  If you are unsure how to read this, or why it matters, keep this in mind. We all pay for financing (mortgage rates) based upon what the traders are willing to pay for Mortgage Backed Securities. IF you have someone telling you residential mortgage rates are based on the 10 year Treasury, fire t...
12/03/2008
Market Update Wed, Dec 03 - 11:35AM ET   Risks favor: Locking Current Price of FNMA 5.5% Bond: $101.22, -34bp  After touching the highest prices of the year on Monday, Mortgage Bonds have reversed lower.  The recent trading activity suggests we are still seeing hedge funds and banks de-lever, mea...
12/03/2008
Crude oil tried to rally but now lower at $46.70/barrel down 30 cents. Stocks move well into the black as investors go bargain hunting. 10:51 AM ET - Traders continue to take profits with MBS - now at lows for the day. Stocks turn positive after opening much lower. Could this be the bottom for S...
12/03/2008
Tue, Dec 02 - 3:28 PM ET CNBC reports Goldman Sachs may report first loss since going public in 1999. 3:15 PM ET - BMW sales fall 27% from a year ago. 3:11 PM ET - Fed's Bullard and Plosser says threat of deflation is not great. 2:30 PM ET - Oil hits a $46 handle. Stocks lose steam and turn brief...
12/02/2008
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Larry Bailey

local_phone973-712-5872
smartphone609-975-9182
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I entered into the Banking Industry in 1987, with the goal in mind to make sure that my Customers (Clients) always had the best information, so they could make the best decisions for themselves. 23 years later, I have not changed that mindset. I am still making sure that all of my Clients and Relationships are getting the best information available, so that I can help them make the best decisions they can. My background and work experience has focused around the Business of "Money", whether it is working for a Bank, Mortgage Broker, or Mortgage Banker. I have also created and run a National Appraisal Management Company, as well as a Title Insurance Company that serviced the needs of both Lenders and Borrowers. My strategy has always been, and still is, to know more than my Competition and, just as important, to be able to "Put My Money Where My Mouth Is". If I can ever help you with anything to do with how to borrow money or how to save the most when borrowing money, let me know. I will be more than glad to help. Contact me for more information anytime. Specialties: Best example of what I do is helping people or companies achieve their goals. As long as you know where you want to get to, I have the ability to help. I specialize in the financial services industry, but have broad reaching skills that reach across many industries.