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At Dalco Mortgage we pride ourselves on being a full service mortgage broker. We have the ability to provide the best mortgage program for any type of credit history or financial situation. Every one of our mortgage specialists is a seasoned veteran of the mortgage industry, bringing to the table many years of knowledge and experience. We never offer anything less than the utmost professional and courteous service to our clients.
Our mortgage specialists are highly trained professionals that work hard to find the best loan program for you and your family. We are confident that we can obtain the best interest rate utilizing the many lending programs available to us.
We know that you have many banks and mortgage lenders competing for your business and that is why at Dalco Mortgage, we utilize all our collective skills, knowledge and resources to secure the lowest rates and best mortgage options for YOU with speed and efficiency. Our mortgage specialists go the extra mile to help you close your loan on schedule to insure you a pleasurable transaction. Our goal is to make the loan process as simple and worry-free as possible
Get fast answers
At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.
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Dalco Mortgage
355 Eisenhower Parkway
Livingston, NJ 07039
Toll Free: (800) 392-1050 Office Phone: (973) 740-0600 Fax: (973) 740-0609
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 Mortgage News Daily
MBS AFTERNOON: Mortgages Playing Follow the Leader with Benchmarks - 2 hours ago
Posted To: MBS CommentaryHeading into the 5pm "what a slow day in the mortgage market" marking period... The FN 4.0 is -0-03 at 98-01 yielding 4.189% and the FN 4.5 is flat on the day at 101 the rock yielding 4.39%. The secondary market current coupon is 4.33%. The CC yield is 61bps over the 10yr TSY note yield and 58.6 basis points over the 10 yr swap rate. Static current coupon yield spread valuations are TIGHTER AGAIN! Holy relentless yield spread tightening! LOOK HOW SIDEWAYS FN 4.5 PRICES WERE TODAY! The MBS NINJA shares his thoughts on the recent stability of "rate sheet influential" MBS coupons in the face of rising benchmark yields: Mortgages, trading in the secondary market (soon to filter back to the primary and rate sensitive one), are tightening daily as more money is put to work along...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
FICO: Americans More Likely to Default on Mortgages than Credit Cards - 2 hours ago
Posted To: MND NewsWireAmerican consumers are now defaulting on their mortgages in even greater numbers than they are walking away from credit card debt. According to FICO's® Score Trends Service, this is a phenomenon that is historically unique. FICO said the mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate. There is a parallel rise in mortgage delinquencies for these high scoring consumers. The company said that their analysis of trends in FICO scoring shows that recent repayment behavior has shifted significantly from what has historically been expected. In 2005 bankcard accounts were more than 3 times more likely to become seriously delinquent, that is 90+ days...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS LUNCH: 10 Year Treasury Auction Results and Reactions - 4 hours ago
Posted To: MBS Commentary10 year auction has impressive demand, but at higher rates. 3.45 Bid To Cover, but 3.735 % high yield with 70.94% of the bids at high yield MBS and Treasuries both slightly better on the announcement 4.5's are now down only 2 ticks on the day at 100-29 and 10yr yields are back down to 3.72+ from 3.74+ Here is a breakdown of the auction results: 9-YR 11-MO NOTES YIELDS High 3.735 pct Median 3.700 pct Low 3.636 pct PRICE/ACCEPTANCES Price 99.090493 Accepted at high 70.94 pct Bid-to-cover ratio 3.45 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 21,000,013,800 Total public bids tendered 72,466,493,000 Competitive bids accepted 20,829,510,800 Noncompetitive bids accepted 70,503,000 Fed add-ons 248,452,700 Primary Dealer Tendered 49,661,000,000 Primary Dealer Accepted 9,857,410,000 Primary...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Loan Demand Stagnates. Only One Bright Spot in the Production Slowdown - 5 hours ago
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 5, 2010. The survey covers over 50 percent of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates an increase in home buying interest, a positive for the housing industry and economy as a whole. Furthermore, in a low mortgage rate environment, such a trend implies consumers are seeking out lower monthly payments which can result in increased disposable income and therefore more money to spend on discretionary items or to pay down other debt. From the release: The Market Composite Index, a measure of...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS MORNING: Losing Ground As Benchmarks Back Up - 5 hours ago
Posted To: MBS Commentary4.5 MBS down 6 ticks to 100-26 10yr Tsy about 5bps higher at 3.743 (vs. 5pm yesterday) Wholesale Trade Improves from -.8% to -.2%, but misses expectation of +.2%, no one cares Pre-Auction Concession + range dynamics weigh on 10's, MBS follow The movements in bonds this AM tells us just how focused the market is on the upcoming auction. Granted, the econ data earlier today isn't exactly "top shelf" (or even middle shelf for that matter), but without a microscope, it's hard to tell if it was even traded. The "room to run" that AQ discussed this AM in conjunction with the standard pre-auction concession is dominating the movements in the benchmark, which itself, is forcing MBS prices lower. Somewhere between an eighth and a quarter of a point has left the YSP building...(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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