With President Trump approving a $900 Billion stimulus package and the Federal Reserve’s continuing commitment to keep rates low, investors optimistically look forward to 2021. The result is a 10 year US treasury rate that continues to fluctuate in a narrow band between .92% and .99%.
The vaccines have started shipping and a $900 billion dollar stimulus package passed but a new strain of Covid-19 in the UK and the logistics of immunizing 300 million people in the US alone are keeping expectations in check and treasury rates relatively flat.
I had the opportunity to review and further enhance my knowledge of what a conveyance is in terms of properly executing in the transfer of ownership of property from one party to another.
Centennial Mortgage, Inc. (CMI) is proud to be an independent, privately owned FHA and USDA Lender. We work closely with other like-minded businesses who thrive in celebrating independence and unique approaches to thoughtful and one-of-a kind marketing.
The initial shipments of the Pfizer vaccine in the US is providing a bit of optimism as the death toll from Covid-19 approaches 300,000. In addition, a stimulus package of $900 Billion is being rolled out today although it will need bipartisan support to pass before year end.
The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Tiffany Bernal. Tiffany joined CMI in December 2011 as an underwriter after spending the early part of her FHA career at Davis Penn. She is MAP and 232 approved and has also worked on several cooperative financing transactions with CMI.
The optimism in the market from last week has receded. The reality of slower job growth, a breakdown in the Brexit negotiations and possible sanctions on China has caused the 10 year treasury rate to fall to .93% as the stock market stumbles.
The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the first Service Anniversary of Raelee Jones. Raelee started with CMI in December of 2019 as our Chief Underwriter and brought 30 plus years of experience in development and lending to our organization. She has already had a significant impact on the organization having come on board just prior to the Covid-19 outbreak.
Calvary Tower is a 30 unit project out of Salt Lake City, UT. The 223(f) amounted to $2,153,400. The loan was closed on 11/23/2020 by Sunny Fitzgerald.
Capitol House Apartments is a 81 unit project out of Iowa City, IA. The 223(f) amounted to $4,256,000. The loan was closed on 11/19/2020 by Michael McCullough.
Currently the surge in Covid-19 cases is being offset by an optimism in vaccines that could end the pandemic. The optimism is gaining traction as the worlds equity markets are up a record 13% in November.
At Centennial Mortgage we are thankful for many things. We have an amazing team of people that work hard every day – both on the job and with their families. May all of you have a safe and Happy Thanksgiving.
