News

ALBANY FUNDING ANNOUNCES NEW BRANCH OFFICE NEAR SYRACUSE!!!!!!!

While many other brokers are closing up shop in light of the diffucult times in the mortgage industry, Albany Funding has expanded to Central NY.  The NYS Banking Department has officially approved our new branch location at 501 Genesee St. Chittenango, NY 13037.  Former president of Professional Funding Associates, Connie_Bixby, has been appointed Branch Manager for the new location and is looking to recruit Loan Originators.  Connie has over 16 years experience in the mortgage industry.  Bob Freunscht also works in the Cittenango, NY office a a Mortgage Loan Originator.  Bob joins the team with over 32 years of Real Estate experience.  Together thier superior customer service and extensive industry knowledge are the perfect compliment to Albany Funding team.  You may contact Connie or Bob at (315) 687-5500. 

Pre-Qualify with Connie 

Pre-Qualify with Bob

 

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Lenders Relaxing Non-Agency ARM Regs; High Cost Loan Reporting Guidance; Negative Convexity Defined; New Mortgagee LetterMarch 11, 2010

Posted To: Pipeline Press

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MBS OPEN: Speculative Signs of Reversal in BenchmarksMarch 11, 2010

Posted To: MBS Commentary

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Posted To: MND NewsWire

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Posted To: MBS Commentary

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Posted To: Mortgage Rate Watch

Much like Monday, yesterday was
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Posted To: MBS Commentary

Heading into the 5pm "what a slow day in the mortgage market" marking period... The FN 4.0 is -0-03 at 98-01 yielding 4.189% and the FN 4.5 is flat on the day at 101 the rock y
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FICO: Americans More Likely to Default on Mortgages than Credit CardsMarch 10, 2010

Posted To: MND NewsWire

American consumers are now defaulting on their m
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MBS LUNCH: 10 Year Treasury Auction Results and ReactionsMarch 10, 2010

Posted To: MBS Commentary

10 year auction has impressive demand, but at higher rates. 3.45 Bid To Cover, but 3.735 % high yield with 70.94% of the bids at high yield MBS and Treasuries both slightly better on the
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Loan Demand Stagnates. Only One Bright Spot in the Production SlowdownMarch 10, 2010

Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) today rel
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MBS MORNING: Losing Ground As Benchmarks Back UpMarch 10, 2010

Posted To: MBS Commentary

4.5 MBS down 6 ticks to 100-26 10yr Tsy about 5bps higher at 3.743 (vs. 5pm yesterday) Wholesale Trade Improves from -.8% to -.2%, but misses expectation of +.2%, no one cares Pre-Auctio
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Underwriters: Loan Quality Still in Need of Improvement; Interesting FICO Score Data; Will the Fed sell their MBS Holdings?March 10, 2010

Posted To: Pipeline Press

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MBS OPEN: Rates Ticking Higher Just Because They CanMarch 10, 2010

Posted To: MBS Commentary

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The Day Ahead: Inventories, Budget Statement, Treasury AuctionMarch 10, 2010

Posted To: MND NewsWire

Investors this morning await the first real data
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Explaining The MBS Settlement ProcessMarch 09, 2010

Posted To: MBS Commentary

10yr 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
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Commercial and Multifamily Mortgages Outperforming Overall Bank HoldingsMarch 09, 2010

Posted To: MND NewsWire

Commercial and multifamily mortgages continue to
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HUD Enforcing Job Creation Requirements for State and Local GovernmentsMarch 09, 2010

Posted To: MND NewsWire

The Department of Housing and Urban Development (HUD) has released the results of the first stage of its increased oversight and enforcement of job creation requirements under Section 3 of the Housing an
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MBS AFTERNOON: Potential Reprices For The BetterMarch 09, 2010

Posted To: MBS Commentary

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Risk Weighted Returns; Warehouse Lending Credit Manager Needed; Subprime Analysts Lost; Bank NewsMarch 09, 2010

Posted To: The Garrett Watts Report

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MBS LUNCH: 3 Year Note Auction Results And ReactionMarch 09, 2010

Posted To: MBS Commentary

Immediately following the 3yr T
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MBS MORNING: Fed President Reminds About Labor Market WeaknessMarch 09, 2010

Posted To: MBS Commentary

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Empty Econ Calendar Helps Mortgage Rates Hold Steady. Auctions Biggest Reprice ThreatMarch 09, 2010

Posted To: Mortgage Rate Watch

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Second Mortgages in the Spotlight; Reverse Repurchase Primer; My Opinion on Mortgage Rates After the Fed; Provident Cuts Interest Only March 09, 2010

Posted To: Pipeline Press

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MBS OPEN: Flight to Quality in Light Trading VolumeMarch 09, 2010

Posted To: MBS Commentary

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The Day Ahead: Stocks Dip on Sovereign Debt Fears Abroad. Treasuries Get Flight to QualityMarch 09, 2010

Posted To: MND NewsWire

Equity futures are firmly lower this morning following a mixed session yesterday. The Dow looks to open 31 points lower at 10,507 while futures on the S&P 500 are off 4.25 points to 1,132.75. “
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MBS CLOSE: Strong Vs. Treasuries, But Lackluster Day All AroundMarch 08, 2010

Posted To: MBS Commentary

No material change since 10:30A
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