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HUD Lowers Mortgage Insurance Premiums for Most FHA Loans

The Department of Housing and Urban Development announced on Monday that they plan to reduce the Mortgage Insurance Premium for FHA mortgage loans. Since 2012, the Federal Housing Administration’s(FHA) Mutual Mortgage Insurance(MMI) Fund has gained $44 billion, and is now 32 basis points above the 2 percent threshold level required by Congress. This is ~$13 billion more …

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The EU Referendum, Brexit, and US Mortgage Rates

“The sudden stop in employment growth rules out any chance of a rate hike from the Fed at next week’s FOMC meeting, particularly now that the UK vote on whether to leave the European Union appears to be going down to the wire,” said Capital Economics Chief Economist Paul Ashworth.  (source: Housingwire.com) Britain’s exit from the …

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Benchmark Loan Officer Competes on American Ninja Warrior

Meet Grant Clinton. Grant Clinton is a Loan Originator and Branch Manager in our awesome branch in Houston, TX! We are proud to announce that Grant will be competing as an American Ninja Warrior in the Oklahoma City Qualifier on June 20th!     THE OVERCOMER With an outstanding history as a gymnast, Grant Clinton was …

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Benchmark.us New Website Update

Benchmark.us Has a New Look! Today, we are excited to release our all new website here at Benchmark.us. (it was a labor of love, and is long overdue) The Design Plan for Our New Website at Benchmark.us When we set out to make a new website, we started by thinking about our clients: YOU. We wanted our new website …

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Chris Kyle Honored at Memorial Service in Cowboys Stadium

ARLINGTON, Texas — As military service members carried the flag-draped coffin out of Cowboys Stadium, the sounds of bagpipes echoed and people saluted Chris Kyle, an ex-Navy SEAL sniper who dedicated his post-military career to helping other veterans. Widow Taya Kyle spoke through tears earlier, surrounded by her husband’s military friends, her voice trembling as [...]

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