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Customers first
Borrowers who are happy with the mortgage loan we helped with are more important to us than anything else. At Innovative Lending Solutions, our goal is to make the loan process as simple and worry-free as possible. We pride ourselves in offering the highest level of customer service, and appreciate the opportunity to earn your business. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction.
Get fast answers
At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.
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 Mortgage News Daily
Refinancing Apps Rise on Record Low Rates - 2 hours ago
Posted To: MND NewsWireMortgage rates broke another set of records during the week ended February 3, establishing several new historic lows. In response, the seasonally adjusted Mortgage Bankers Association's (MBA) Market Composite Index, a measure of mortgage application volume , rose 7.5 percent and 8.7 percent on an unadjusted basis. The increases were driven solely by refinancing which represented 80.5 percent of total applications for the week, up from 80.0 percent the previous week. The Index measuring applications for refinancing increased 9.4 percent over that of the week ended January 27 but the seasonally adjusted basis the Purchase Index ticked up only 0.1 percent. The unadjusted Purchase Index was 6 percent higher than in the previous week and 4.1 percent lower than during the same week in 2011. The four...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Day Ahead: 10yr Auction And Another Probable Greek Deadline Miss - 3 hours ago
Posted To: MBS CommentaryThe theme of light economic data continues on Wednesday with MBA Mortgage Apps being the only item of note. Even then, it's only notable due to it's pertinence to our industry and is not a market mover. Both the refi and purchase indexes snapped 3 week losing streaks with the Purchase Index just barely improving. The Refi Index on the other hand, rose a hefty 9.4% from 4113 to 4500 as the MBA reported average rates dropped from 4.09 to 4.05. The other part of the weekly theme is that the light economic data is punctuated by scheduled and unscheduled market movers. On the scheduled front, the most promising contender is the 1pm Auction of $24 billion of new 10yr Notes. Refundings over the past year have generally met with lighter demand than reopenings with the last 4 averaging 3.02 as opposed...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS RECAP: 2/7/2012 - 19 hours ago
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-23 : -0-04 FNMA 4.0 105-18 : -0-04 FNMA 4.5 106-23 : -0-04 FNMA 5.0 107-32 : -0-05 GNMA 3.5 105-05 : -0-02 GNMA 4.0 107-28 : -0-01 GNMA 4.5 109-04 : -0-03 GNMA 5.0 110-29 : -0-04 FHLMC 3.5 103-13 : -0-05 FHLMC 4.0 105-06 : -0-05 FHLMC 4.5 106-05 : -0-05 FHLMC 5.0 107-20 : -0-05 Pricing as of 4:03 PM EST Afternoon Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard . 3:19PM : ECON: Consumer Credit Expands More Than Expected Novembers expansion of total Consumer Credit was revised to +$20.38 bln, very close to the original print. Today's report for December shows only a slight decrease in the pace to $19.31 bln. Economists had been expecting a bigger contraction to $7.7...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
House Committee Acts on Bill to Protect FHA Fund - 19 hours ago
Posted To: MND NewsWireA sub-committee of the House Financial Services committee today approved the FHA Emergency Solvency Act which is intended to shore up the finances of the Federal Housing Administration (FHA). The legislation strengthens FHA's Mortgage Insurance Fund by establishing minimum annual premiums for mortgage insurance; barring unscrupulous lenders from participating in the program, improving the FHA's internal financial controls, transparency, and disclosure requirements, and requires lenders who commit fraud to repay any losses suffered by FHA as a consequence. FHA's cash reserves have been hard-hit by the housing crash and have fallen below 2 percent Congress has mandated it must maintain. According to the subcommittee's press release, the agency's finances have deteriorated to the point where a...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Mortgage Rates Slightly Higher as Greece, Auctions Weigh on Markets - 19 hours ago
Posted To: Mortgage Rate WatchAlthough the recently confirmed 3.875% Best-Execution level remains intact for 30yr fixed, conventional loans, Mortgages Rates moved slightly higher today in terms of the costs required to obtain those rates. Weakness in Treasuries today was more pronounced than MBS, the "mortgage-backed-securities most directly responsible for determining mortgage rates. (learn more about how we calculate Best-Execution in THIS POST ). Initially driving today's market movements was news that political leaders would meet in Greece to vote on a soon-to-be-drafted bailout package. Greek officials have been reluctant to stand up in favor of creditor-imposed austerity. Even though they likely realize the dire implications of such reluctance, the political backlash from Greece's populace is pretty dire in it's own...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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