Categories Centennial Mortgage
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The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Brian Lorenz. Brian Started with CMI in November of 2014 as a junior underwriter.
Categories Interest Rates
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10 year treasury rates opened this morning at .84%. Although this is down 4 basis points from Friday, it is .20% higher than September. The uncertainty surrounding the election will most likely cause volatility until a winner is confirmed.
Categories Interest Rates
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Continued political uncertainty related to a stimulus package before the elections is dragging the stock market lower and treasury yields higher.
Categories Centennial Mortgage, HUD Regulations
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Mr. Watkins has over 24 years of experience working in the commercial real estate industry. He is a seasoned affordable housing professional/HUD loan originator with a background underwriting loans with LIHTC, Tax-Exempt Bonds and other public and private loan and grant resources while working with the Illinois Housing Development Authority (IHDA).
Categories Interest Rates
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Politics are front and center this week as the Republicans and Democrats discuss further stimulus before the Tuesday, October 20, 2020 deadline imposed by House Speaker Pelosi. The stimulus is broadly believed to be necessary to avert a severe downturn in the economy. The current 10 year treasury is at .77%.
Categories Centennial Mortgage, HUD Regulations
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The USDA has announced that “to continue to meet the increasing demand for safe and affordable multifamily rental housing in rural America, Multifamily Housing (MFH) Leadership has reorganized MFH programs into an integrated model with specialized teams.”
Categories Interest Rates
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The 10 year US Treasury rate fell on news that Johnson & Johnson have stopped trials of their Covid vaccine due to a patients illness. In addition, a stimulus package looks increasingly unlikely to pass before the election which will drag on the current recovery.
Categories Centennial Mortgage, HUD Regulations
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Centennial Mortgage, Inc. (CMI) is proud to be an independent, privately-owned FHA Lender. Our small team is able to stay focused on our core business and we pride ourselves on the level of customer service we are able to provide. CMI is also pleased to be closely associated with other like-minded businesses that help us remain independent. This month, we are focusing on Network Computer Service, Inc. (NCSi). This company provides CMI with IT services. Please see below for a statement written by NCSi.
Categories Centennial Mortgage
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Centennial Mortgage is pleased to welcome Sadie Herting to the team as a Project Manager.
Categories Centennial Mortgage
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Last week, Centennial Mortgage closed five projects on Tuesday, September 22 and Wednesday September 23.
Categories Interest Rates
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Investor sentiment is starting out stronger this week despite political uncertainty.
Categories Interest Rates
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The 10-year treasury is flat this morning having only a 1 basis point change since last Monday.