Committed to your needs
Welcome to our Website!
Founded on July 16,2000 Mortgage Lending Solutions is owned and operated locally by Robert O'Connor and Chris Wagner. We have worked in the mortgage industry for a combined 36 years, helping customers achieve their financial goals. We work almost exclusively " By Referral Only " which allows us to focus on providing the best service possible, with the utmost integrity for all our customers. We feel that our current customers, bank and realtor partners offer the strongest and most rewarding source of referrals. They continue to share their positive experiences from working with us with their friends, family and clients. If you are considering buying or building a home, wanting to consolidate bills, do home improvements or refinance your current home, please consider our services. Welcome to the MLS family !
From the comfort of your own home, you can find out how much house you prequalify for, apply online and begin to gather the documents you'll need to get your loan approved. It's that easy!
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We offer you the competitive rates and service you deserve. Whether you're a first time home buyer or are refinancing - we will find you the best rate and program for your situation.
Apply online today for a no-cost, no-obligation pre-approval!
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Mortgage Lending Solutions
900 Pennsylvania Ave
Monaca, PA 15061
Office Phone: (724)774-9464 Fax: (724)774-1869
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- Enthusiasm working for you
Helping people make one of their most important decisions is a serious responsibility,
but something that I enjoy doing. This enthusiasm and hard work will benefit you and
help reduce the stress and anxiety often associated with real estate transactions.
- Established Credibility
I have many years of experience and knowledge working in this industry. I can say with
confidence that I'll get the job done right.
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 Mortgage News Daily
Rumors Keep Markets from Making Another Move. Rates Maintain Weakness. Reprices Possible - 1 hour ago
Posted To: MBS CommentaryThere is a fair amount of chatter in the marketplace that the Fed is planning on hiking the discount rate again. Remember the Fed bumped the discount rate on February 18, from 0.50% to 0.75%...which caused a lot of commotion in the marketplace in the day's following the announcement. If the Fed does indeed order the N.Y. desk to make this policy adjustment, it doesn't mean much fundamentally because the banking system is still super liquid/flush with excess reserves. We discussed the economics of the discount rate hike in THIS BLOG POST . Re-reading it will give you an edge when clients come calling, nervously interrogating you about how this move will affect their rate. The rumor is affecting the general sentiment of the marketplace though.... Even though the IMF is said to be standing...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Discussing the Attributes of Successful Mortgage Operation Leadership - 1 hour ago
Posted To: The Garrett Watts ReportMy partners and I have visited many mortgage companies over the past year. We perform our FOCIS audit for warehouse lenders looking to identify hidden risks and potential “tapebombs” that may result in unexpected losses. We also perform FOCIS-plus studies for management and boards of mortgage companies who are looking for ways to increase revenues, control cost and better manage risk. Both studies require us to interview the senior management team and other middle management to uncover business practices and leadership styles. One of our key findings is how the leadership and behavior of the CEO influences a company’s management style and corporate culture. Whether it is good or bad leadership, the CEO’s style influences management from the senior level to the leads...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
ALERT: Treasury Supply Announced. Benchmark Rates Rise. MBS Prices Fall Fast - 3 hours ago
Posted To: MBS CommentaryTreasury has announced the terms of next week's government fundraiser. As expected, supply sizes were all unchanged from the previous auctions. A total of $118 billion in TSY notes will be sold. Here is the schedule: Tuesday: $44 billion 2 year notes Wednesday: $42 billion 5 year notes Thursday: $32 billion 7 year notes Settlement is March 31 Because the majority of debt supply is concentrated in the front end of the yield curve, traders have been selling the curve---aka trading the "flattener". The yield curve can flatten one of two ways: Bear or Bull A bull flattener is when yields in the long end of the curve are falling faster than yields in the front end of the yield curve. For instance if 10yr TSY note yields are falling faster than 2yr TSY notes, then the spread between...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Fannie Mae Cuts Home Sales Forecast. Reduces Origination Outlook Again - 3 hours ago
Posted To: MND NewsWireWhile investment in residential real estate still looks relatively strong for 2010 compared to 2009, the results in the first quarter have been less robust than expected according to Fannie Mae's Economics and Mortgage Market Analysis for March. The research piece opens with the following statement: "Severe weather was disruptive to economic activity during the first two months of the year. If economic fundamentals have not deteriorated , the weather impact will likely fully reverse at some point, and we expect most economic indicators affected adversely by the weather to rebound in the months ahead " But the monthly report was quick to call attention to those economic fundamentals, pointing toward a much more anemic response to the extension of the housing tax credit than expected...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Cost of Labor in the Mortgage Market; FHA Origination Down 10% in January; Wells to Modify 2nd Liens; Condo Questions - 3 hours 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. |
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