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Choice Lending/Optimus Funding
11811 N.E. 1st Street, Suite A&B-306
Bellevue, WA 98005
Office Phone: (425) 649-9100 Fax: (425) 641-5817
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Found the perfect home? We can help you find the perfect mortgage. Customers First
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 are a first time home buyer, looking for a new home, retired, or an investor, we can help.
Get Solid Solutions
Trying to decide if now is a good time to buy or to refinance? Confused by all the loan programs or lenders from which to choose? Your needs are special. Our expert team of mortgage advisors and support staff will analyz your finacial picture and make recommendations that will help you obtain the best loan for you. No cost, no pressure...just honest advice. Then you make the choice.
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 Mortgage News Daily
The Cost of Labor in the Mortgage Market; FHA Origination Down 10% in January; Wells to Modify 2nd Liens; Condo Questions - 46 minutes ago
Posted To: Pipeline PressWhether it is a house, a bushel of wheat, or a share of stock---when a buyer and seller come together an item trades hands. A lower price will always benefit the buyer. Is that the case in the labor market, where buyers (employers) and sellers (employees) come together? Not necessarily, since the employee, given a low wage, will likely be less motivated to perform services. What will typically happen is employers will pay more than the base wage for a given task, and employees will often work for less than the maximum that employers will pay. Therefore the labor market is not quite like other markets. I mention this because the cost of labor in the mortgage business , whether it is for underwriters or loan agents, has always been a huge piece of the overhead pie for company owners. I have heard...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Consumer Level Inflation Tame in February. Emergency Jobless Benefits Hit Record High - 2 hours ago
Posted To: MBS CommentaryGood Morning. Inflation data has hit screens. The Consumer Price Index was UNCHANGED in February (+0.0018)...this is cooler than consensus forecasts which called for a 0.1% gain. The CORE CPI print, which strips out food and energy, rose 0.1% in February---on the screws. Year over year, the consumer price index is up 2.1%, slightly below economist expectations for a read of +2.3%. Ex-food and energy, consumer price levels were up 1.3% YoY. GASOLINE was a big contributor to weakness...don't expect that category to be so helpful next month---gas prices have been on the rise lately. Housing prices were all unchanged. Overall, another round of tame inflation data. Jobless Claims data was also released. New claims fell by 5,000 to 457,000 in the week ending March 13. This is slightly worse than...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Day Ahead: Data Deluge Hits Cautious Markets - 2 hours ago
Posted To: MND NewsWireThe day ahead offers several fresh data points and a range of speakers from the Federal Reserve. Traders are being cautious as equity prices are slightly down after earlier gains in the week. 90 minutes before the opening bell, Dow futures are up 9 points to 10,663 and S&P 500 futures are flat at 1,161. Key Events Today: 7:30 ? Elizabeth Duke , a governor of the Federal Reserve, and Sheila Bair , chairman of the FDIC, speak to the American Bankers Association government relations summit in Washington. 8:30 ? Unlike the PPI from Wednesday, the Consumer Price Index should be less impacted by falling energy prices. Economists expect to see 0.1% price gains on the headline and the core index, following a 0.2% gain in the headline and a drop of 0.1% in the core. “Declining rent prices...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Looking At Longer Term Charts For Perspective - 17 hours ago
Posted To: MBS CommentaryWhen faced with a lock float decision with decent arguments for either course of action, I like to look at longer term charts to get a sense of where I'm at vs. where I was or could be. Doing so at the current time leaves me with a pretty simple conclusion. Without trying to predict the future, we're obviously much higher in the 2010 range than we are low--pretty close to the highs in fact. It is frustrating, however, that a lot of the lower prices occurred in early January where we might have to doubt whether they were truly reflective of the range or were, in some way, remnants of year end distortion. Even so, the lows from late Feb make a similar case, but there too, we could impugn those on the grounds that they happened and were reversed abruptly. The bottom line I suppose, would...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
At The Highs Of The Day Heading Into Close - 19 hours ago
Posted To: MBS CommentaryToday is much flatter compared to yesterday But 4.5's are still up 5 ticks and we're at highs again near end of day 10yr tsy lower by around 1 bp to 3.64 No data on Friday, but tons to consider tomorrow Waiting for reprices for the better, then consider locking First thing's first. It's another "up" day: Also, we've seen some correction to recent widening trends in MBS. Whether this should be reassuring or cause us to worry about spreads widening back out again is and will be uncertain, but at least we know it's uncertain. Here's what's going through my mind right now: 1. It's uncommon for rallies to string together more than a 4 or 5 day streak. Today marks the 4th day in a very stable and directional trend of improvement in MBS. Don't take...(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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