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Another Success Story from First Source Solutions
Say Hello to the Pascuas: Jason and Sharon Pascua are the sweetest folks you'll ever meet. Jason is a physical therapist who works for Los Angeles Unified School District. He’s been with them for 5+ years and he plans to stay with them as long as possible. The personal gratification he gets in helping kids is much more rewarding to him than any salary can provide. “These kids bring me joy and a sense of accomplishment. We are all here for a reason. I’m just glad to be a part of the grand master plan!” Jason is also a USTA licensed teaching professional. On his spare time, Jason gives free tennis lessons to local kids to get them familiarize with the sport and to build his teaching reputation. Sharon is a stay Contact us
Former Bank President Pleads Guilty to TARP Fraud
The Federal Reserve Board announced the issuance of a Consent Order of Prohibition against Darryl Woods, the former president and chairmen of the board of directors of Calvert Financial Corporation. Woods also served as the former CFO and chairman of the board of directors of Mainstreet Bank.The post Former... Read more...

Freddie Mac’s Outlook for April Giving ‘Mixed Signals’
Freddie Mac released its U.S. Economic and Housing Market Outlook for April, noting that the housing market continues to be "noisy," giving mixed signals heading into Spring. The government-sponsored enterprise (GSE) did offer some specific market projections for the upcoming buying season.The post Freddie... Read more...

Fed: Economic Activity Increases Due to Better Weather
Reports from the Federal Reserve’s 12 districts indicate economic activity has increased in most regions across the country since the end of February as the unusually harsh winter came to an end. As in the last Beige Book report, the word "weather" appeared more than 100 times in the Fed's latest release,... Read more...

Axios Valuation Solutions Approved as AMC for Flagstar Bank
Axios Valuation Solutions has been named as an approved appraisal management company (AMC) by Flagstar Bank. Axios is a wholly owned subsidiary of eMortgage Logic, and is considered an industry authority in compliant appraisal services.The post Axios Valuation Solutions Approved as AMC for Flagstar Bank... Read more...

Number of Paid Off Homes Fall in Colorado
According to the Colorado Division of Housing, the number of home loans paid off in Colorado fell 49 percent from the first quarter of 2013 to the first quarter of 2014. The report found that approximately 50,000 deeds of trust were released during Q1 2014, the lowest quarterly total recorded in any quarter... Read more...

DS News Webcast: Friday 4/18/2014
Data through March 2014 found that national credit default rates declined for the month, according to the S&P Experian Consumer Credit Default Indices. The national composite recorded its lowest post-recession rate, posting a rate of 1.2 percent in March—the lowest the composite rate has been since July... Read more...

Freddie Mac: Mortgage Rates Fall to 4.27 Percent
Per Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed rate mortgage (FRM) this week averaged a rate of 4.27 percent (0.7 point), down from 4.34 percent last week. A year ago, the 30-year FRM sat at 3.41 percent. At the same time, the 15-year FRM averaged 3.33 percent (0.6 point), down from an... Read more...

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