For the Week Ending May 20, 2016

For the Week Ending May 20, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Key economic indicators increased more than expected in April, reflecting strength in housing and manufacturing. A strong economy supports a rise in rates.
 
The prices that businesses receive for their goods and services rose last month, a tentative sign of firming inflation. Inflation is also a precursor to higherrates.
 
The latest Fed commentary surprised markets and signaled the possibility of a policy rate hike as early as June. Rates may rise in anticipation of the move.
Home builders remain positive about conditions in the single-family housing market, expecting continued growth supported by strong jobs and low rates.
 
Housing starts rose more than expected in April, supporting views of a ramped up economy. Construction of both single-family and multi-family homes increased.
 
Building permits rose 3.6% in April signaling that housing starts could continue to rise. Demand remains strong for new inventory as more buyers enter the market.
 
A young executive is leaving the office late one evening, when he finds the CEO
standing in front of a shredder with a piece of paper in his hand.
“Listen,said the CEO, this is a very sensitive and important document here, and
my secretary has gone for the night. Can you make this thing work for me?
Certainly,the young executive says. He turns the machine on, inserts the paper,
and presses the start button.
Excellent, excellent! says the CEO as his paper disappears inside the machine.
I just need one copy.”

Sincerely,
Don S.Riggs
Area Manager NMLS ID # 132702
(303) 429-7121
driggs@envoymortgage.com
NMLS ID # 6666 (www.nmlsconsumeraccess.org)
envoymortgage.com
Envoy Mortgage LTD, NMLS #6666

All applications are subject to credit approval. Program terms and conditions are subject to change without notice. Some products may not be available in all states. Other restrictions and limitations may apply. This is not a commitment to lend. Envoy Mortgage Ltd. #6666, 5100 Westheimer Rd., #320, Houston, TX 77056, 877-232-2461; AR Banker/Broker/Servicer License #103315 - AZ Mortgage Banker Licensee – License #0908096; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #413 0597; CO Mortgage Company Registration # 6666, Regulated by the Division of Real Estate; Licensed by the Delaware State Bank Commissioner Licensed Lender Licensee #011264; Georgia Residential Mortgage Licensee License #23619; Illinois Residential Mortgage Licensee – License #MB.6759338; MA Mortgage Lender Licensee – License #M C6666; MA Mortgage Broker Licensee – License #MC6666; Licensed by the Mississippi Department of Banking and Consumer Finance License #6666; Envoy Mortgage Limited Partnership – Licensed by the New Hampshire Banking Department License #14552-MB; Licensed by the N.J. Department of Banking and Insurance NMLS #6666; Licensed Mortgage Banker – NYS Department of Financial Services, License #B500979, 746 Merrick Rd., Baldwin, NY 11510; OH Mortgage Broker Act Certificate of Registration # MB.804190.000, SM.501928.000; OR Mortgage Lending Licensee #ML-3933; Rhode Island Licensed Lender – License # 20092627LL; Rhode Island Licensed Loan Broker – License # 20122861LB; TX Mortgage Banker Registration- NMLS #6666; TX Regulated Loan License #42377. This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas; Virginia NMLS ID#6666 (www.nmlsconsumeraccess.org) – Lender License and Broker License # MC3021; Envoy Mortgage Ltd d/b/a Envoy Mortgage, L.P.- WA Consumer Loan Company License # CL-6666 – http://nmlsconsumeraccess.org

This is not a commitment to lend. Envoy Mortgage Ltd. - NMLS # 6666


Email: don.riggs@cardinalfinancial.com

Corporate NMLS ID # 32416 | Branch NMLS ID # 1863678 | Don Riggs NMLS ID # 132702 NMLS Consumer Access AZ 0914009 | CA CA-DOC132702-Licensed by the Department of Business Oversight.| CO LMB100011249 | FL MB10004485 | KS LO.0025337 | MN MN-MLO-132702 | NE NE132702 | NM NM132702 | TX 132702 | VA MLO-6454VA | WY #542 | Washington MLO-132702 Licensed by The Division of Real Estate Terms of Use State Disclosure Requirements Texas Borrowers Nations Lending Nations Lending Privacy Policy Privacy Policy Security Licensing