Mortgage rates shoot up following bond yields

Colonial National Mortgage opens three new branches in Austin areaMortgagePress.comColonial National Mortgage, Lea Holubec, National City Mortgage Colonial National Mortgage, a division of Colonial Savings FA and one of the nation's leading originators of residential mortgages, has opened three new branches in the Austin area, bringing the total number of Austin area branches to four. Located at Mopac Road and Capital of Texas Highway in Austin, as well as Heritage Center Circle in Round Rock, the three new offices join Colonial National's long-time branch on West Anderson Lane to serve homebuyers with a wide array of home loans, including FHA, VA, Conventional, Construction and Refinance. Lea Holubec, a top producing loan officer, serves as branch manager of the three new offices. She is joined by Loan Officers Jenni Gill, Joan Dumais, Sheri L. Cowan, Stefanie Hernandez, Cheryl Darter, Joanne Rossa, Sallie Williams, Diane Clark and Lisa Lewis. All were previously with National City Mortgage and report to Craig Vecchiola, vice president of retail mortgage production at Colonial National Mortgage. According to J. David Motley, president of Colonial National Mortgage, the three new Austin offices represent part of the company's overall strategic plan to provide homebuyers with a higher level of service and a wider selection of loan products than many lenders are capable of today. "Colonial National is privileged to already have a large number of customers in the Austin area because of our long-time branch in the Crestview area, managed by Mark Orr," Motley said. "The new locations will enhance our ability to provide mortgage services to new customers in one of the fastest growing areas of the country. While other mortgage companies are shrinking or shutting down, Colonial National is in a very strong financial position, and we're able to expand our retail footprint with highly professional and experienced Loan Officers who know the Austin market well." For more information, visit www.colonialsavings.com.