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| What Makes Us Different | ||
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| Springwater Capital has revolutionized loan
origination! Transactions that previously required six weeks can now be
done in as little as two! We can take your application and lock your loan
in less than 10 minutes. Increased security and reduced close times have
helped us earn a 100% customer satisfaction rating. Read More... |
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| Client Demo | |||
| View the loan process and see how it all gets put together. | |||
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| Real Estate Agent Demo | |||
| Explore all the tools you have at your disposal. | |||
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| Mortgage Agent Demo | |||
| Review the loan process and get a leg up on the technology. | |||
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| Title & Appraiser Demo | |||
| Learn how to integrate more harmoniously with our systems. | |||
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| In the News | |
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A Blockbuster Week for Data It is going to be a blockbuster week for data in the U.S. with the release of tier one data. Markets will receive April's CPI report, retail sales, import price index, industrial production and capacity utilization, housing starts and building permits, and the University of Michigan/Reuters consumer sentiment. Read More NowNew Fannie Mae Program May Benefit 150,000 Homeowners Another program to aid in the subprime mortgage crisis has been announced by Fannie Mae. Under the new rules Fannie will refinance mortgages at up to 120 percent loan to value and the program appears to be limited to loans that are paid to date and that Fannie either owns or insures. Fannie estimates that 150,000 homeowners could be helped by such a program. Read More NowHouse Passes Second Half of Housing Rescue Plan Despite Veto Threat The latest bill would allow lenders to reduce their exposure to foreclosures if they agree to cut the outstanding balance of an existing loan, thus allowing homeowners to refinance into a new loan that would be FHA insured. The reductions taken by lenders are substantial and must be based on new appraisals that should reflect current home pricing levels. The Bush Administration has opposed the legislation even though Frank included two measures near and dear to the president's heart - a revamp of the FHA and greater government control over Fannie Mae and Freddie Mac. Read More NowBill to Aid Communities Cope With Aftermath of Foreclosure Passes House The House late Thursday approved a narrowly focused bill that would provide $15 billion to the states to buy and spruce up foreclosed properties. The bill is different from one that has been widely discussed that would enable to Federal Housing Administration (FHA) to ensure new mortgages where the... Read More NowFed, FTC Propose New Rules on Lenders The Federal Reserve and Federal Trade Commission proposed new rules on Thursday which would require lenders to inform consumers of unfavourable developments or changes to the terms of their loans. Under the proposed regulations, the lenders would also have the option of divulging a consumer's credit risk rating. Read More NowEconomists Divided on What Jobless Claims Say About the Labor Market The current pace of jobless claims is relatively low compared to the previous recession, some economists say. However, others note that the rise in continuing claims is consistent with a higher unemployment rate than its current 5.0%, suggesting more trouble in the labour market than the latest figures might indicate. Read More NowConsumer Credit Rises Well Above Forecasts in February Surprising to the upside, seasonally adjusted consumer debt rose $15.3 billion in March, according to data released Wednesday from the U.S. Federal Reserve, which also showed that total consumer credit rose to 2.558 trillion. Read More NowDeterioration in Pending Home Sales Confirms Broader Trend, Economists Say Economists say the March report for pending home sales confirms what has been known for many months now: the U.S. housing market is still several months away from stabilizing. Benjamin Reitzes, economist at BMO Capital Markets, said the report essentially gives no new data, just a confirmation of the longer- term trend. He explained that the U.S. housing market will take several more months until it recovers, and that... Read More NowMortgage Rates Continue Pattern of Last Few Weeks - Little Movement Continued tight credit and worries about inflation worked to keep mortgage rates essentially locked into place during the week ended May 1 according to the Primary Mortgage Market Survey conducted by Freddie Mac. MBA also reported that mortgage originations for commercial and multifamily properties were up 19 percent last year (2007) with lenders closing $507.7 billion in loans. Increases were seen in originations for... Read More NowKansas Fed's Hoenig Concerned Inflation May Prompt Interest Rate Hike Kansas City Fed President Thomas Hoenig (non-voter) says that inflation is becoming embedded in the economy and that may compel a significant interest rate hike. In a speech in Denver, Colorado, Hoeing that consumers are showing an "inflation psychology to an extent that I have not since the 1970s and early 1980s." Read More Now |
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