{"id":74686,"date":"2009-12-10T11:04:26","date_gmt":"2009-12-10T16:04:26","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/10\/mortgage-companies-expanding-fed-funds-projections-bofa-gmac-freddie-usb-flagstar-news\/"},"modified":"2009-12-10T11:04:26","modified_gmt":"2009-12-10T16:04:26","slug":"mortgage-companies-expanding-fed-funds-projections-bofa-gmac-freddie-usb-flagstar-news","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/74686","title":{"rendered":"Mortgage companies expanding; Fed Funds projections; BofA, GMAC, Freddie, USB, Flagstar news"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><a href=\"http:\/\/www.mortgagenewsdaily.com\/channels\/pipelinepress\/default.aspx\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; border-top: 0px; border-right: 0px\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/pipeline-press7.png\" border=\"0\" alt=\"pipeline-press\" width=\"408\" height=\"80\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.robchrisman.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; border-top: 0px; border-right: 0px\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/rob-chrisman-daily7.jpg\" border=\"0\" alt=\"rob-chrisman-daily\" width=\"410\" height=\"50\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Employees at a pizzeria in Ireland were fired for watching porn on the job. Isn&#8217;t that disgusting? Irish people attempting to make pizza!<\/p>\n<p>What isn\u2019t disgusting is <strong>the number of mortgage companies which are interested in expanding.<\/strong> For example, <strong>First Centennial Mortgage<\/strong>, out of Illinois, is sending out e-mails looking for originators. <strong>First Priority Financial<\/strong>, a retail shop out of California, announced that they were buying <strong>Austin Perry Financial<\/strong>, a wholesaler also based in California. <strong>CMG Mortgage<\/strong> has been expanding, as has <strong>Opes Advisors, Stearns Lending, American Pacific<\/strong>, etc., etc. (just a small sample from here in CA) \u2013 the list goes on. This is an interesting trend, as perhaps small to mid-size bankers are indeed seeing the origination \u201cpie\u201d shrinking in 2010, and are looking to maintain volumes and increase market share. And the hiring is not only taking place in the loan officer arena, but also operations and back office support.<\/p>\n<p><strong>Unfortunately rates were not the mortgage banker\u2019s friend yesterday<\/strong>. The 10-yr auction was not the best, with a bid\/cover ratio slightly less than other recent auctions, less foreign demand, and one trader said it was \u201csomewhat sloppy\u201d. This morning we\u2019ve seen Jobless Claims and the Trade numbers \u2013 and that does it for news.<\/p>\n<p><strong><a href=\"http:\/\/www.mortgagenewsdaily.com\/channels\/pipelinepress\/12102009-fed-funds-bank-of-america-usb.aspx\">more on economic news, fed funds futures, HUD Mortgagee Letter 2009-51, GMAC Correspondent, B of A Correspondent, Freddie Midanet, Flagstar, US Bank, and joke of the day &#8230; &lt;&lt;&lt; CLICK HERE<\/a><\/strong><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=u6x_goYtdnc:L7UZ6WufHsU:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=u6x_goYtdnc:L7UZ6WufHsU:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=u6x_goYtdnc:L7UZ6WufHsU:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=u6x_goYtdnc:L7UZ6WufHsU:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=u6x_goYtdnc:L7UZ6WufHsU:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=u6x_goYtdnc:L7UZ6WufHsU:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=u6x_goYtdnc:L7UZ6WufHsU:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/u6x_goYtdnc\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 Employees at a pizzeria in Ireland were fired for watching porn on the job. Isn&#8217;t that disgusting? Irish people attempting to make pizza! What isn\u2019t disgusting is the number of mortgage companies which are interested in expanding. For example, First Centennial Mortgage, out of Illinois, is sending out e-mails looking for originators. First [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-74686","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=74686"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74686\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=74686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=74686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=74686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}