Home Mortgage Resources, Inc is a full service Mortgage Banker serving homebuyers in the Northwest since 2002. Our Corporate Office is located in Meridian, Idaho. We provide residential financing in California, Hawaii, Idaho, Kansas, Minnesota, Missouri, Nevada, New Mexico, Oregon, South Carolina, Texas, Utah, Washington, & Wyoming. We are a delegated FHA (Federal Housing Administration) Lender and Lapp VA (Veterans Affairs) Lender. We offer the following residential loan programs, IHFA (Idaho Housing & Finance Association), VA, FHA, RD (Rural Development) Conventional, New Construction, Jumbo, ARMS, Investor Loans & Stated Income. Home Mortgage Resources Inc. sets itself apart from the competition by providing a one stop shop for its customers through the access of local processing, underwriting, document preparation and funding of each clients loan. We Make All The Decisions; from Application to Funding so you are kept informed throughout the process without waiting for answers from other locations. Get the best mortgage loan for you. When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you. REAL ESTATE CLASSES SIGN-UP NOW State: County: City: Zip:    ECONOMIC NEWS:   Harmony Of The Trends And The Whole Day Explained In One Chart 3/12/2010 5:47 PM Posted To: MBS Commentary (A bit long, but another worthwhile closing post to read... with some not-often-phrased-in-such-a-way explanations. I enjoyed writing it at least. Let me know what you think.) You know the "stock lever?" If not, that's the term we use to describe the common occurrence...Read More   Mortgage Rates Higher After Retail Sales Data. Floating into Monday 3/12/2010 3:20 PM Posted To: Mortgage Rate Watch While benchmark Treasury yields moved slowly higher throughout the course of the week as our government auctioned debt to raise spending money, mortgage-backed securities managed to maintain a pretty consistent price range. After all was said and done and the auctions were behind u...Read More   What Did Top Performing Mortgage Bankers Earn in 2009? 3/12/2010 2:51 PM Posted To: The Garrett Watts Report Audited financials are starting to come in, and they’re confirming what we saw all year. Top performing mortgage bankers made 90-100 bps per loan. That means, for every $100 million you closed, you should have (and could have) earned $900,000 to $1 million. If you didn&rs...Read More   MBS LUNCH: Mortgages Left Behind as Benchmarks Rally 3/12/2010 1:50 PM Posted To: MBS Commentary It was an interesting morning in the rates world. Let's start with our fearless leader, the benchmark 10 year note. In below average trading volume, yields rose marginally (at most) in the overnight session before popping higher on the heels of a much better than expected Retai...Read More   Fitch Ratings: Expiring Housing Incentives Likely to Increase Loan Losses this Year 3/12/2010 11:51 AM Posted To: MND NewsWire Fitch Ratings is warning that the expiring homebuyer tax credits, the end of the Fed's MBS Purchase Program , and the growing maturity of various government loan modifications programs are likely to increase loss severities on distressed mortgage loans later this year. The report says that thes...Read More   USDA Rural Housing Funds to Run Dry by April. Lenders Already Dropping the Program 3/12/2010 11:04 AM Posted To: MND NewsWire USDA Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. There is no required down payment...Read More   Freddie Mac Announces Cut Off Date for Interest Only Loan Apps 3/12/2010 9:43 AM Posted To: MND NewsWire As reported on February 26 , Freddie Mac has decided to stop purchasing and securitizating loans utilizing the interest only payment option. Freddie's deadline for PURCHASING these loans was set as September 2010, however no application/LP approval date cut-off was provided in the bulletin. Thi...Read More   Fed MBS Program Update: 98.1% of Funding Used. Looming Exit Yet to Hurt Rates 3/12/2010 8:46 AM Posted To: MND NewsWire The Federal Reserve reported on their weekly purchases of agency mortgage-backed securities (MBS). In the week ending March 10, 2010, the Federal Reserve purchased a gross total of $29.4 billion agency MBS. In that week the Fed sold $19.4 billion mortgage-backeds (supported the roll), for a net tot...Read More   Loan Officers Who Sell Real Estate; Wells Expands Market Making in Mortgage-Backeds; FDIC Acts on a Thursday; Freddie Mac Bulletin 3/12/2010 8:42 AM Posted To: Pipeline Press Don't forget to "Spring Ahead" this Sunday morning. We lose an hour of sleep. The FDIC made a rare Thursday move and shut down LibertyPointe Bank This bank catered to the Orthodox Jewish community in Manhattan and Brooklyn, and will be taken over by Val...Read More   Retail Sales Improve Across the Board. Rates Move Higher 3/12/2010 8:20 AM Posted To: MBS Commentary Retail Sales data has hit screens. It was much better than expected. Rates no likely. February, Retail Sales rose 0.3% vs. an expected decline of 0.2%vs. a revised for the worse +0.1% print in January (from +0.5%) . Excluding autos, sales rose 0.8%, crushing forecasts for a 0.1% im...Read More

Equal Housing Lender. © 2009 Home Mortgage Resources, Inc., 2076 S. Eagle Road, Meridian ID 83642 Phone 208-884-5678. Trade/service marks are the property of Home Mortgage Resources, Inc.. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.

This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. Home Mortgage Resources, Inc. is licensed as a HUD Supervised Lender, License No. 1986500009; CA Licensed by the Department of Corporations, License No. 4130579; FL ML100000102; HI Operates in HI under a HUD exemption; ID MBL 3263; KS MC.0025013; MN Residential Mortgage Originator License No.40154973; MT Mortgage Lender License No. 1363; NV Mortgage Banker License No. 2084; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01648; OR Mortgage Lender License No. ML-3060; SC Operates in SC under a HUD exemption; TX Mortgage Banker Reg. No. 53835; UT Mortgage Lender Company License No. 629132-MLCO; WA Consumer Loan License 520-CL-52232; MO Residential Mortgage Loan Broker License No. 09-1658; WY MBL 2018.  NMLS #1962

Equal Housing Lender