Tom Hestmark's (thestmark) Blog

PMIcontinues to evaluate ongoing changes in the housing market and implement sound policies that support a healthy mortgage industry. Therefore, we are making the following guideline changes effective October 10, 2008:    1.      Investment properties are no longer eligible for insurance, regardl...

The market is Unchanged since Thursday 's ratesheet Bailout money would be phased in By JULIE HIRSCHFELD DAVIS - 42 minutes ago WASHINGTON (AP) - Congressional aides say a tentative agreement on a financial industry bailout gives the Bush administration just a fraction of the $700 billion it's r...

Tom Hestmark, Senior Mortgage Planner/Director of Sales   I had the fortunate opportunity presented to me to join the mortgage Industry in 1995. The last 13 years have been really exciting as I have met many personal and career goals. Within the second year of being in the industry I worked my wa...

If you have clients on the fence thinking the Fed are going to cut rates or they want to hold off for lower rates, there are a couple of things to consider. 1. Rate cuts by the Fed will not directly affect the price of Mortgage Backed Securities.  These trade on a more broad angle more closely ti...

Monday: 09/15/08 5:00 PM EDT : Stocks plunged and Treasuries skyrocketed as the bankruptcy of Lehman Brothers, the purchase of Merrill Lynch, and the turmoil at American International Group propelled flows into the safety of government debt securities. In late trading, the 10-Year Treasury Note w...