Common loan documents needed prior to closing your loan

Common loan documents needed prior to closing your loan

*SecurityNational Mortgage Company does not require income documentation to complete a loan application or to receive a loan estimate.

[

Last 2 years W2's

[

Last 2 years tax returns with all schedules (if applicable)

[

1099s and copy of business license (if applicable)

[

Most recent pay stubs (minumum of 30 days)

[

2 months most recent bank statements (all accounts and all pages)

[

Explanation of any inquires on credit report (signed and dated)

[

Copy of earnest money check and purchase contract (for purchase transactions)

[

Mortgage statement (for refinance transactions)

[

Most recent homeowners insurance policy and tax statement for all properties owned (if applicable)

[

Trust documentation (if applicable)

[

Trust documentation (if applicable)

[

Divorce decree/separation agreement and child support order (if applicable)

[

Identification documentation, such as driver’s license, permanent resident alien card, etc.

Looking to buy your first home?

When considering the purchase of a home, you’re bound to have questions. Well, you’ve come to the right place!

Steps to home ownership made easy

Purchasing a home can seem complex. Obtaining a mortgage shouldn’t be. Here is a simple checklist to get you started.

Top 5 reasons to get-prequalified

Getting prequalified is a great first step when beginning to shop for a home.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Top 5 reasons to get prequalified

Top 5 reasons to get prequalified

Negotiate Towards a Better Price

Prequalified gives the seller confidence by being reassured that financing shouldn’t be an issue.

Reduce Stress

Know what terms you need, if you’ll want to ask for down payment and/or closing cost assistance.

Save Time

Don’t waste time looking at homes that are below, or above your true shopping range.

Avoid Heartache

Don’t fall in love with a home, only to find out that you can’t qualify.

Get an Accurate Credit Picture

If you need to dispute any information, it’s better to know up front. Credit repair can help!

Looking to buy your first home?

When considering the purchase of a home, you’re bound to have questions. Well, you’ve come to the right place!

Steps to home owner ship made easy

Purchasing a home can seem complex. Obtaining a mortgage shouldn’t be. Here is a simple checklist to get you started.

Common loan docs needed prior to close

A simple checklist of documents and items needed prior to closing on your home loan.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Looking for a home loan?

Looking for a home loan?

When considering the purchase of a home, you’re bound to have questions. Well, you’ve come to the right place!

We’ve got the deep industry experience and long-term stability you’re looking for in a mortgage company. Our professional loan experts are ready to guide you through the process.

You’re unique, so the service you get should be tailored to your needs. Unlike a one-size-fits-all organization, we’re a full service lender with a wide range of loan products and competitive interest rates to meet your specific situation. Our in-house underwriting and processing expertise means a fast and reliable loan experience for you.

Feel free to poke around our website and learn a little about us and the various loan types we offer, visit our educational section with informative information, find a local branch near you, let us guide you to the next stop on your mortgage journey.

We can help navigate you to your desired destination!

Steps to home ownership made easy

Purchasing a home can seem complex. Obtaining a mortgage shouldn’t be. Here is a simple checklist to get you started.

Top 5 reasons to get-prequalified

Getting prequalified is a great first step when beginning to shop for a home.

Common loan documents needed prior to close

A simple checklist of documents and items needed prior to closing on your home loan.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Steps to home ownership made easy

Steps to home ownership made easy

Purchasing a home can seem complex. Obtaining a mortgage shouldn’t be. Here are simple steps to get you started on your journey to homeownership:

1. Buyer obtains prequalification from lender

2. Buyer identifies desired home with a Real Estate agent’s help

3. Contract is accepted/home is placed in escrow

4. Loan application is submitted to lender

5. Lender orders title and property appraisal

6. Loan materials are reviewed and processed

7. Loan submitted to underwriting for approval

8. Preparation of the Closing Disclosure

9. Loan documents are signed

10. The loan is funded and recorded

11. Buyers get the keys to their new home

Looking to buy your first home?

When considering the purchase of a home, you’re bound to have questions. Well, you’ve come to the right place!

Top 5 reasons to get-prequalified

Getting prequalified is a great first step when beginning to shop for a home.

Common loan documents needed prior to close

A simple checklist of documents and items needed prior to closing on your home loan.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

3 things more important than your interest rate

There are at least 3 things more important than the home loan interest rate you get. Shopping for a lender based only on rate will mean likely missing them.

Home buyers often mistake interest rate as the only important part of a home loan. It’s not. There are many factors to consider when buying a home that might be more important than the interest rate.

Everybody thinks they can shop around for the best rate, and they’ll get the best home loan. This is like shopping for the best tires to find the best car. The interest rate is only part of the picture. Let’s look at four other really important parts of your home loan.

 

Total monthly payment

Your total monthly payment is more important than your home loan interest rate. See, interest is just a part of what you’ll pay each month. Consider principle, taxes, insurance, and any homeowners association dues. Also consider the length of your loan, and whether you roll closing costs into it. The total amount that comes out of your living expenses each month is what matters most. Since a home is likely the biggest purchase of your life, it’s important that it fits into your monthly cash flow. This bigger perspective, and a strategy to make your monthly payments fit your life, is more important than just the interest rate.

 

Down payment

The amount of down payment you choose is a really important consideration. More down payment can lower your interest rate, but there may be more important things to do with your money than just lower your rate.

 

Important things like an Emergency fund.

Having some money saved for emergencies is more important than a lower interest rate. What if, in trying to lower your interest rate, you deplete your savings to make a bigger down payment. With your savings empty, you’re now without an emergency fund, which could really come back to bite you. In this way, simply chasing the lower rate isn’t the smartest path. It’s a smarter move to leave yourself enough savings in case something breaks in the house, or your car breaks down, or you have unexpected medical bills. Don’t sacrifice your emergency fund to lower your interest rate. Put less down and take a higher interest rate, if it means keeping something in savings.

 

Investments

If you’ve got enough saved, you might be tempted to make a very large down payment to get a lower interest rate. But there are other ways to invest your money that might be better. What if you instead invested in the stock market and earned the historical average 10% return? Or what if you made smaller down payments on 2 properties instead of a large down payment on one? Sure, your interest rates on the 2 homes would be higher, but now you’d have a second home to rent out as an investment property, creating passive income and positive cash flow.

What else matters more than your home loan interest rate? The quality of your lender. But aren’t all lenders pretty much the same? No. Not at all. The proficiency and reputation of lenders varies widely, and matter a lot. How well they do their job, and their reputation for doing it, can mean the difference between getting your dream home and losing it. Picture this, you make an offer on a home in a hot market, and the seller’s real estate agent notices you’re using a lender that often can’t fund loans on time, or lacks the loan types to fit many borrowers. So the agent advices the seller to accept someone else’s offer. You’ve just lost your chance at that home. Or what if they did accept your offer, only to have you miss your deadlines because your low rate lender couldn’t deliver? Definitely consider the quality of your lender, not just the rate they’re offering.

Your home purchase means a lot. We’re here to make that purchase as smooth as possible.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

SecurityNational Mortgage Implements a Fully Paperless Closing Process Using DocMagic’s Total eClose™ Platform

FOR IMMEDIATE RELEASE

SecurityNational Mortgage Implements a Fully Paperless Closing Process Using DocMagic’s Total eClose™ Platform

Lender achieves full eClosing benefits, faster and more reliably, as the result of DocMagic’s consultative implementation process, single-source platform, and intuitive UI

Hundreds of SecurityNational Mortgage guests were on their feet in elation as Sloan Urry made the winning pass just in front of their suite on the front straightway Saturday on a sunny afternoon just outside of his home town in Utah.

TORRANCE, Calif. and SALT LAKE CITY, Utah, Dec. 19, 2018DocMagic, Inc., the premier provider of fully-compliant and document preparation, regulatory compliance and comprehensive eMortgage services, and SecurityNational Mortgage Corporation (SNMC), an independent national mortgage banker, jointly announced that they successfully rolled out DocMagic’s comprehensive Total eClose™ platform.

Since rolling out Total eClose in September, SNMC has reduced borrower time at the closing table to as little as 15 minutes, and become one of the first national lenders to offer a true eClosing solution that involves no paper whatsoever. It has dramatically sped up the closing process, ensuring accuracy and loan quality, and delivering newfound efficiencies for borrowers, notaries and settlement providers. Total eClose enables SNMC’s customers to preview documents prior to closing, eSign all documents, and complete both remote and in-person eNotarizations. As a result, SNMC is now positioned to capture more market share, reduce operational costs, expedite closing times and elevate the borrower experience.

“Our goal was to perfect a completely digital eClosing process, not to be just another lender offering a basic hybrid closing,” said Steve Johnson, president of SNMC. “Achieving our goal required a powerful end-to-end technology, a perfectly executed seamless implementation, and an intuitive interface that everyone-staff, settlement service providers and borrowers-could use immediately, without a steep learning curve. We got that and more with DocMagic. Plus, the DocMagic implementation team was with us all the way. We never had to worry about a thing.”

The two companies approached the project as partners to ensure swift adoption and a quick understanding of the new workflow-driven eClosing process for both SNMC’s staff and customers. DocMagic worked hand-in-hand with the lender, leveraging its vast eMortgage expertise to help sculpt a unique strategy and a successful go-to-market launch. Unlike other document and eClosing solution providers, DocMagic takes an ultra hands-on approach to implementations, from developing the project roadmap, to training all parties-such as staff, title agents and notaries-to synchronized testing of each facet of the Total eClose platform.

“Our implementation teams function like expert consultants-we work very closely with each client, guiding them literally every step of the way,” said Dominic Iannitti, president and CEO of DocMagic. “There is a huge number of moving pieces in an eClosing solution. As a single source solution, we have intricate knowledge of every one of them, so there are none of the issues that plague other providers-not only immediately after the implementation, but over the long haul as well. In contrast, lenders who

choose incomplete or cobbled-together eClosing technologies may have to hit the restart button within 12 to 18 months and search for a comprehensive solution.”

DocMagic is a recognized eClosing pioneer, and has been a part of virtually every state-first eClosing in the U.S.

“We’re pleased to work with companies like SecurityNational Mortgage that truly understand the value of implementing a 100 percent paperless eClosing process,” said Iannitti. “They have taken a leadership position in facilitating eClosings and are ready for an inflow of new business that will be conducted very efficiently.”

DocMagic’s comprehensive suite of eSolutions and eServices also includes SMARTDocs, eNotes capability, eVault technology, eWarehouse lending, and even loan servicing.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company’s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com. 

About SecurityNational Mortgage Company:

SecurityNational Mortgage Company (SNMC) is an award-winning retail mortgage lender. Headquartered in Salt Lake City, Utah, the company has 102 offices across the nation and is currently licensed in 44 states. SNMC is a wholly-owned subsidiary of Security National Financial Corporation, a publicly traded company (SNFCA – NASDAQ®). Founded in 1993, SNMC is celebrating its 25th year in business and is proud to have helped thousands of homeowners each year with their home purchases and refinances. SecurityNational Mortgage Company is an Equal Housing Lender (NMLS 3116). For more information, visit https://snmc.com/.

Media Contacts:

Joe Bowerbank
Profundity Communications, Inc. for DocMagic
949-378-9685
jbowerbank@profunditymarketing.com

Paul Christensen
SecurityNational Mortgage Company
801-838-9808
paul.christensen@snmc.com

 

SNMC Press Center

 

The difference between forbearance and forgiveness

Forbearance is when a lender agrees to let a borrower postpone payments until a later date. The payments are not eliminated. They will need to be paid at the end of the forbearance period, spread over time, or added at the end of the loan. It’s important to know this...

Know the different mortgage relief options

Know the different mortgage relief options so you can make the best choice.   Forbearance This is the plan everyone is talking about since the passage of the CARES Act. It’s an agreement with your lender to reduce or delay regular payments for a set time. When the...

Who’s who in the mortgage process

Who’s who in the mortgage process

Helpful Articles > First-time homebuyersHere is a list of some of the people you will become familiar with throughout the loan process. This should help you better understand what you can expect from each individual along your journey home.An individual who is...

Mortgage do’s and don’ts

Mortgage do’s and don’ts

Helpful Articles > First-time homebuyersDo's Don'ts Looking to buy your first home?When considering the purchase of a home, you're bound to have questions. Well, you've come to the right place!Steps to home ownership made easyPurchasing a home can seem complex....

DXDT Racing finishes strong at Grand Prix of Texas

DXDT Racing finishes strong at Grand Prix of Texas

Austin, TX – March 24th and 25th was an exciting weekend for SecurityNational Mortgage-sponsored DXDT Racing. At the Grand Prix of Texas at Circuit of the Americas, in Austin, TX, they competed in the first and second round of the Pirelli World Challenge SprintX Action. 15 VIP guests cheered them on as they secured TWO 2nd place finishes! Next up, DXDT will be competing at the Virginia International Raceway on April 28th and 29th. We wish them the best of luck.

9 Mistakes to Avoid When Getting a Mortgage

You’ve found that perfect house, now it’s time to get financing. You’ll want to steer clear of some of these mistakes when you get your mortgage.

 

1. Don’t change jobs

When applying for a mortgage, don’t change jobs, quit your job, or become self employed. Just keep doing what you’re doing.

 

2. Don’t buy a car

Now isn’t the time for a new car. You’re getting a new house, remember? One thing at a time.

 

3. Avoid using credit cards

Don’t use your credit cards excessively or let your account fall behind. Yikes.

 

4. Don’t spend closing money

Don’t spend the money you’ve set aside for closing. Tempting, but no.

 

5. Don’t leave out details

Don’t leave out debts or liabilities from your loan application. Be sure to share everything with your loan officer, and I mean everything.

 

6. Don’t buy furniture

Don’t buy furniture. It’s tempting when you’re buying a new home, but you should really wait until after you have your mortgage complete to get that sectional.

 

7. Don’t make large deposits

Don’t make any large deposits without first checking with your loan officer. I love large deposits, but ask first.

 

8. Don’t change bank accounts

Don’t change bank accounts or transfer money between accounts. Hold still while your mortgage is cooking!

 

9. Don’t co-sign a loan

Don’t co-sign a loan for anyone, even for your son who wants that new car.

So congrats on finding that house, and here’s wishing you a smooth mortgage process.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Still need help?

We're great with directions!

No really, ask us for directions. Our mortgage professionals are waiting to help answer any questions or concerns you have as you begin your journey home. 

DXDT Racing is in Gear for PWC

DXDT Racing is in Gear for PWC

Tooele, UT (January 17, 2018) – An expanded PWC effort is in gear with the 2018 partnership announcement with USALCO and SecurityNational Mortgage Company (SNMC) by DXDT Racing. The Utah based team has just unveiled and tested the brand new Mercedes-AMG GT4.

The team will be setting up shop for the next three months in Florida to set the stage.“This is a significant milestone for DXDT Racing,” said team principal David Askew. “We are building a long term relationship with the manufacturer to bring new customers to experience the dynamic roll out with AMG for potentially a GT4 & GT3 competitive platform at PWC.”

The former championship-winning Lamborghini Super Trofeo series team rolled out a new competitive platform with AMG for inviting gentlemen drivers to acquire a seat for a single race or an entire season. The opportunity includes a customized driver development program with world-class coaching, expert assessment, engineering input and mechanical maintenance, all with an advancement scale based on one’s own comfort for pace and performance. The mission of DXDT Racing is to provide an environment where you can accelerate at one’s own level of proficiency towards the development as a high-performance race car driver. The DXDT Driver Development Program is uniquely customized for every client’s personal goals and desires.

“We are excited for our new relationship with David Askew and DXDT Racing,” said Michael Shehan, SNMC Chief Marketing Officer. “Activating at PWC events around the country allow us to host our employees, partners and sponsors in several markets. Having team support close to our corporate headquarters allows us to host more VIP track days and events. The relationships that DXDT has established with several North American Customer Racing Programs, luxury automobile dealerships, and their stable of racing assets and support resources, gives this relationship a ton of potential.”

About SecurityNational Mortgage Company:

Founded in 1993, SecurityNational Mortgage Company (SNMC) is one of the largest retail mortgage lenders in the United States and a subsidiary of the Security National Financial Corporation, (SNFCA – NASDAQ). With more than 100 offices and 600 loan officers, SNMC helps thousands of consumers achieve homeownership. The company is known for providing clients with the highest level of service, competitive rates and a full array of mortgage loan options. The company had sales volume greater than $2.5 billion in 2017, in an overall mortgage market that experienced almost a 35% decrease from previous year sales. SecurityNational Mortgage Company is ranked as a ‘Top 50 Mortgage Lender’ by Scotsman Guide and Mortgage Executive Magazine. SNMC and its employees donate time and efforts to many charitable organizations across the country.

“SecurityNational’s corporate culture has driven our performance, and has created an environment where our employees truly excel. The amazing people that make up our business, including our employees, customers, and partners, all contribute to that story.” said Steve Johnson, President at SecurityNational Mortgage Company. “Our tagline, ‘Turning Houses Into Homes’, defines our daily mission. We are honored to help thousands of families across the nation achieve homeowners.”

Ranked as a ‘Top 50 Mortgage Lender,’ SecurityNational Mortgage uses key elements of it’s marketing strategy around the motorsports program.

For information regarding SNMC, visit their website at www.SNMC.com or call 801.590.2277

USALCO® Delivers Quality, Value and Flexibility

USALCO® has a long history of developing close relationships with its customers to create innovative and flexible customer solutions. These unique capabilities and services are what set USALCO apart from other chemical manufacturers. USALCO® is a leader in potable and industrial water and wastewater treatment chemistry. It’s also well-known for high quality and low cost alumina chemical applications, such as products for the manufacture of catalysts, titanium dioxide and molecular sieves.

By offering Innovative Product Solutions USALCO is especially known for two industry leading products, DelPAC® and Delta-Floc®. By custom capabilities and a commitment to Value USALCO products are very economical. USALCO is sensitive to the budgetary needs of its customers and dedicated to meeting their unique, custom requirements. USALCO offers flexible shipping capabilities where products can be shipped at low cost from any of it’s convenient plants in Baltimore, MD; Ashtabula, Ohio; Fairfield, Ohio; Gahanna, Ohio; Michigan City, Indiana and Port Allen, Louisiana.

Partners like USALCO, SNMC, Bell Racing, Sparco and Hammer Nutrition are invited on board the 2018 season to rev the dream alongside and brand with DXDT Racing with many points of entry. DXDT Racing offers exceptional venues for entertaining partners to recruit new ROI in the field, or reward top performing employees. Activating a customer experience with a channel program with prestigious VIP treatment to a full team interactive immersion in the paddock or pit. As the season expands with PWC efforts are in gear to initiate a brand new Mercedes AMG GT4 program, alongside our GT3 program.

For further information regarding partnership opportunities or DXDT driver development program contact Richard Raeder, team manager at 775-842-9692 or Katie Spies.

Follow DXDT Racing on Facebook and Twitter @DXDTRACING for live action posts. http://www.dxdtracing.com/

Contact:
Katie Spies
DXDT Racing
ktspies@gmail.com
727.452.4462

Photo credit: Spencer Steele, Utah Motorsports Campus 03/28/17

Market Wrap | Nov. 10

Daily Market Wrap

November 10, 2017

Stocks have ended the day lower. The Dow closed down 39.73 at 23,422.21 and the S&P 500 closed down 2.32 at
2,582.30.  Mortgage Bonds are ended the session lower and the 10-year Treasury Note Yield broke above a key
level at 2.385%.

Bonds went through their monthly coupon rollover last night.  This occurs each month because Mortgage Bonds
are finite.  They have an end term, such as 30 years.  Therefore, each month a new 30-year period begins.  This
new 30-day extension is reflected in an adjusted rollover price.  This rollover does not impact your rate sheet
pricing.  The effect of yesterday’s rollover was -22bp.

In economic news, Consumer Sentiment, or how consumers feel about their financial conditions and the economy,
dropped from 100.7 to 97.8.  This was also beneath expectations of 100.7.

Yesterday, the Senate unveiled a tax plan that would cut the corporate tax rate and make tweaks to the individual
tax system.  There are now two separate tax plans going through the House and the Senate.  Below is a chart that
compares the two:

One difference between the two is that the Senate plan keeps the $1 Million Mortgage Deduction, as opposed to
reducing it to $500,000.  While that sounds good, the standard deduction is to be doubled in both plans.  Why is
this important?  Everyone can take the standard deduction.  And currently, only about 24% of individuals benefit
above and beyond that deduction by taking the Mortgage Deduction.  But with the standard deduction being
doubled, only about 4% of individuals would benefit by taking the Mortgage Deduction.  Essentially this wipes out
the Mortgage Deduction.

Economic Data

Consumer Sentiment: Actual = 97.8; Consensus = 100; Prior = 100.7

Upcoming Events

Next week is a busy week, highlighted by Inflation and Housing Data.  We will receive the Producer Price Index &
Consumer Price Index Inflation reports, as well as the NAHB Housing Market Index and Housing Starts.

Technical Picture

The Mortgage Bond chart is a bit skewed due to the rollover, but Bonds closed just above support at 102.428 after
breaking beneath it earlier.  More importantly, the 10-year Treasury Note Yield has broken above the pivotal
2.385% level and is a negative sign for Yields and Bonds.

Position

Locking