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Dont Let Mortgage Interest Rate Changes Take You By Surprise-A Free Service From MBSAlert.com Can Help!
Conflicting views of the health of the U.S. economy from leading economists will assure an increase in mortgage market volatility. MBSAlert.com is offering a complimentary service for mortgage professionals whose livelihood depends on managing mortgage market risk.
Geopolitical events have taken a backseat to the economy as the focus for bond traders and investors, bringing fundamentals and Fed decisions to the forefront. Following Chairman Greenspans recent comments on deflation, the bond markets have rallied and posted record low yields on speculation that the Federal Reserve policy makers are ready to cut interest rates by as much as one-half point to spur the economic recovery. And with economists voicing differing views on the health of the U.S. economy, volatility in the mortgage markets is rising. MBSAlert.com has created a service that provides mortgage originators with the daily information needed to understand and manage mortgage market risk.
Kevin Todd, known for years as the voice and analyst behind Quoteline, a call-in 900 service that features mortgage-backed commentaries and pricing, has inaugurated a new, innovative informational product with MBS Market Line, Inc. through its website, MBSAlert.com.
MBSAlert.com is offering important parts of its service free of charge -market email alerts and the weekly AdvantagePoint newsletter -- to introduce mortgage originators to the premium MBSAlert.com service. In addition, MBSAlert.com is making available an exclusive report, Managing Mortgage Market Risk: A Loan Officers Guide," which instructs originators in understanding and analyzing the mortgage market fundamentals that impact pipeline management and daily wholesale lender pricing decisions.
MBSAlert provides loan originators with the information they need to make knowledgeable and informed lock or float decisions," says Kevin Todd. If mortgage brokers have $1,000,000 worth of loans in their portfolio, a 25 basis point movement (.25%) could cost them $2,500 in profits if they dont track mortgage market movements throughout the day. In addition, this information is invaluable when counseling clients who are purchasing homes or refinancing existing properties on the current state of the mortgage market."
ZoeAnne Heep, a loan originator and long-time listener of Kevins, adds, I have benefited from Kevin Todd's insight into the market for years, making shifting my business over to MBSAlert an easy decision. His commentaries have not only allowed me to provide excellent service to my clients, but also put more money into my pocket. And that's why we are all in this business."
Interested mortgage professionals can sign up for this complimentary service by going to the MBSAlert.com website (http://www.mbsalert.com). No credit card information is necessary to sign up for this complimentary service. Mortgage originators can subscribe to MBSAlert.coms and receive enhanced services that include detailed commentaries and constantly updated mortgage-backed securities and Treasuries pricing, through both online and toll-free telephone access, for a nominal monthly fee.
ABOUT MBS MARKET LINE, INC
MBS Market Line, Inc., provides daily commentary and pricing on the Mortgage-Backed Securities market -- the markets wholesale lenders watch throughout the day when setting mortgage interest rates. Begun in late 2002, MBS Market Line distributes insightful analysis provided by industry veteran Kevin Todd, and mortgage market pricing, , through its innovative website, MBSAlert.com and its toll free telephone service. For additional information,visit: http://www.MBSAlert.com
CONTACTS:
MBS Market Line, Inc.
http://www.MBSAlert.com
512-338-0386
James Todd, President
Jim.Todd@MBSAlert.com
Kevin Todd, Chief Analyst
Kevin.Todd@MBSAlert.com
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