ChadCan.com: FNMA 4.0% bond UP...what is it?

Friday, July 30, 2010

FNMA 4.0% bond UP...what is it?

FNMA 4.0% bond is still on the rise and trading at $102.47 currently.

What is it? The FNMA 4.0% bond represents a little "piece" of a mortgage that has been securitized by Fannie Mae.

When investors are offered a 4.0% bond, it generally represents a mortgage that was given to a borrower at about 1/2 to 5/8 of a point higher. The mortgages "securitized" today were "opened" by their borrowers "closing" them a few months ago.

Here is an in depth explanation for the process of getting loans to the secondary market.

Cheers!

Chad

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Chad Schauers
Montana Mortgage Lender, Bozeman, Montana
Personal Cell: 406 799 8613
Personal Email: metchad@gmail.com

Testimonials!

"...Chad was great! His enthusiasm for what he does put us at ease and made the experience with him memorable." B.L. Great Falls, MT

"Chad and his team are true experts in their field. We felt very comfortable in their care." M.D. Provo, Utah

"I appreciated that Chad takes the time to explain lending concepts that have been brushed over in the past by less knowledgeable loan officers I have dealt with." B.P. Seattle, Washington

"Our loan was complicated, but Chad was able to sort it out with his team and get us closed on time and under budget!" A.T. Bozeman, MT

“Chad's upbeat personality make him a treat to work with. He has always followed through with what he says he'll do and he has been a valuable, active participant in the work that needs to be done.”

“I highly recommend Chad Schauers as a mortgage lender with MetLife Home Loans. Chad is an upstanding individual whose integrity and knowledge of mortgage lending combined with his excellent choice to be affiliated with a great lending institution sets him apart. You will not only receive exemplary service form Chad but have the pleasure of his humor and true interest in you or your client form start to finish!”

Top qualities: Great Results, Personable, Expert

“Chad originated my loan for my home purchase in Mississippi. I thought it might be difficult to work with a loan officer who was not in my city but he made it so easy. I felt like he was close by through the entire process. Everything went smoothly, we closed on time, and the costs associated with the loan were lower than he stated at the beginning. I recommended him a couple of months later to a coworker of mine (remember Cody?) and Chad provided him with the same great experience.”

“Chad knows how to listen, is knowledgeable, has integrity, and is fun to work with. What more could you ask for?”