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First Equity Mortgage Group, LLC
860 Boardman Canfield Rd, Suite 101
Youngstown, OH 44512
Office Phone: (330) 782-0800 Fax: (330) 782-0801 Brian Hartwig direct: (216)529-4997 Mark Calvaruso direct: (330)719-5609
Toll Free Phone: (877) 692-9370 email brian hartwig: brian.hartwig@sbcglobal.net email Mark Calavaruso: 1stequity@sbcglobal.net
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Committed to your needs. Customers first
Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. 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? FHA, CONVENTIONAL, VA? 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
Harmony Of The Trends And The Whole Day Explained In One Chart - 1 day ago
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 of stock prices and bond prices moving in opposite directions. Doesn't happen all the time, but in a general sense, sure. Last night we talked about both stock and bond markets closing at some pretty long term "on the fence levels" and so it was a reasonable assumption that it was up to retail sales and whatever else Friday could muster to convince stocks to go one way and bonds to go the other. I didn't have the minerals to offer a solid prediction, but simply that it could be a big day either...(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 Higher After Retail Sales Data. Floating into Monday - 1 day ago
Posted To: Mortgage Rate WatchWhile 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 us, mortgage rates were left basically unharmed, near the best levels of 2010. There was one more test to pass though: RETAIL SALES DATA. The Commerce Department released Retail Sales data at 8:30 am eastern this morning This report shows the monthly change in the total receipts at retail stores. Since consumer spending accounts for a large majority of GDP, market participants track retail sales to gauge economic growth. Last month’s report posted a 0.5% increase, a notable improvement from December’s disappointing...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
What Did Top Performing Mortgage Bankers Earn in 2009? - 1 day ago
Posted To: The Garrett Watts ReportAudited 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’t make this much, you need to look carefully at why you didn’t. Or call us for a FOCIS-plus diagnostic to see what you can do to boost earnings per loan. The top quintile of companies we worked with over the year made over 100 bps per loan, with the top performer making 121 bps. For every $100 million they closed, they made $1.21 million. What most mortgage company Boards are somewhat clueless about is their earnings broken down into bps per loan. We see companies that did, say, $1 billion last year and earned...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS LUNCH: Mortgages Left Behind as Benchmarks Rally - 1 day ago
Posted To: MBS CommentaryIt 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 Retail Sales print at 830. After that we noticed some nibbling from real money accounts as 10s hit session price lows (yield highs). This bargain buying coupled with a short covering bid helped push yields lower ahead of the release of Consumer Sentiment survey results, which turned out to be worse than expected at 72.5 vs. forecasts for 73.6. The reading was however not far from the six month average and much improved from levels one year ago. Here is a table of the results: On the surface this data appears to be bond...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Fitch Ratings: Expiring Housing Incentives Likely to Increase Loan Losses this Year - 1 day ago
Posted To: MND NewsWireFitch 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 these factors as well as low interest rates and the Federal Reserve's $1.25 trillion mortgage-backed securities purchase program have led to an improvement in both home prices and loss severities since the second quarter of 2009, but this is unlikely to continue. The $8,000 tax credit for first-time homebuyers and $6,500 credit for move-up buyers will be effectively expiring with the deadline for signed sales contracts on April 30. Buyers must complete the sale by June 30 so any drop off in sales...(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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We offer you the competitive rates and service you deserve. Whether you're a first time home buyer or are refinancing - we will bend over backwards to help you find a great loan. Apply online today for a no-cost, no-obligation pre-approval!
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