ALERT: Lenders Add Margin to Rate Sheets. Reprices Due
Monday, July 11th, 2011 Posted in Micro News | No Comments »We've enjoyed a healthy interest rate rally following a surprisingly stagnate read on the labor market in June. And although mortgages have generally lagged the "flight to safety" in benchmark Treasuries, production MBS coupons are benefiting from ...
Basic Requirements To Be Eligible For FHA Financing
Thursday, July 7th, 2011 Posted in Uncategorized | No Comments »Applying for an FHA loan can be a complex and sometimes time consuming process. The lender that you apply to for an FHA loan must meet numerous guidelines for loan application, processing and approval as mandated by FHA regulations and rules. ...
5-year Yield Touches 2%
Sunday, July 3rd, 2011 Posted in Uncategorized | No Comments »This morning, the 5-year bond yield fell to 2%—a key psychological level. It was also the lowest 5-year yield since last November, and 90 basis points below the recent peak on April 8. (Bond yields lead fixed mortgage rates.) LOOK AT THE PICTURE:
New Mortgagee Letter: Condo Approval Process
Saturday, July 2nd, 2011 Posted in Micro News | No Comments »The Federal Housing Administration (FHA) and HUD have published updated condominium policy guidelines and instructions that clarify the approval and recertification process and policies for condo projects.
What is Mortgage APR?
Tuesday, June 21st, 2011 Posted in Uncategorized | No Comments »When you apply for a mortgage, the lender is required to tell you the interest rate and the annual percentage rate, or APR. But what exactly is the APR? The APR is designed to help you shop for loans by making them ...
Fannie, Freddie foreclosure prevention eases in 2011!
Sunday, June 19th, 2011 Posted in Uncategorized | No Comments »The number of loan modifications and mortgage repayment plans completed by Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) declined in the first quarter of 2011 as fewer borrowers were eligible for help, their federal regulator said on Monday.
Six basics of mortgage that you must know!
Thursday, June 16th, 2011 Posted in Uncategorized | No Comments »Results from a recent survey indicate that most homeowners don't know their mortgage basics. Do you?!
Recommended
Monday, June 7th, 2010 Posted in Uncategorized | No Comments »1. NY Times: A soaring economy and crumbling trade barriers are making India a “must visit” destination for foreign politicians and executives. They all hope to sign deals, find local partners, sell their wares or just soak up the contradictions ...
The Economy in Recession? Not in 2007
Monday, June 7th, 2010 Posted in Uncategorized | No Comments »From columnist David Wessel's column in yesterday's WSJ: "Three-Ingredient Recipe for Recession": "When we look back next year at this time, it will be clear what caused the recession of 2007-08. It was basically a triple whammy: Housing prices kept ...
George Will On Bernanke’s Minimalist Fed
Friday, May 28th, 2010 Posted in Uncategorized | No Comments »Every improvident loan requires an improvident borrower to seek and accept it. Furthermore, when there is no penalty for folly -- such as getting a variable-rate mortgage that will be ruinous if the rate varies upward -- folly proliferates. To ...
