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 ...
Lower Loan Limits Coming: Muted Impact?
Saturday, July 2nd, 2011 Posted in Micro News | No Comments »A study released by George Washington University reveals that the Federal Housing Association’s (FHA) current loan limits are larger than necessary to serve its targeted market of first-time and low to moderate income borrowers.
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.
Freddie Mac: Delinquency Rates
Friday, May 28th, 2010 Posted in Uncategorized | No Comments »Interesting chart above from Freddie Mac, showing foreclosures through the middle of 2007. Note that delinquency rates for FHA and VA loans were declining in 2007 and flat for prime conventional mortgages, so the delinquency problems (at least through ...
Subprimes Didn’t Have PMI?
Friday, May 28th, 2010 Posted in Uncategorized | No Comments »Question from a CD reader: I am hoping you might be able to answer questions for me that have been bothering me since the sub prime lending crisis began last year. Why hasn't private mortgage insurance (PMI) kicked in to ...
NAR: Housing Affordability is at 4-Year High
Saturday, May 15th, 2010 Posted in Uncategorized | No Comments »According to the National Association of Realtors (NAR), the Housing Affordability Index in late 2007 was at the highest level since 2004 (see graph above), due to falling single-family home prices, rising median family incomes, and declining mortgage rates ...
Predatory Borrowing With Fake Paycheck Stubs
Friday, May 14th, 2010 Posted in Uncategorized | No Comments »From George Mason economist Tyler Cowen writing in today's NY Times: There has been plenty of talk about “predatory lending,” but “predatory borrowing” may have been the bigger problem. As much as 70% of recent early payment defaults had ...
Northern Rock on a rocky road
Wednesday, May 12th, 2010 Posted in Uncategorized | No Comments »NORTHERN ROCK NEWS UPDATE You have all probably heard hours of news reports regarding the Northern Rock loan request from the Bank of England. I was so interested to see how scared everyone one gets by media gossip and reports from ...
How the housing crisis happened?
Monday, May 10th, 2010 Posted in Uncategorized | No Comments »Housing Crisis Written by: Liwin Troy Lee The most prominent players in the Housing Crisis were the real estate agents, lenders and the unqualified buyers. The problem was real estate agents who showed and sold homes to unqualified ...
Foreclosed Homes To Damaged To Sell
Monday, May 10th, 2010 Posted in Uncategorized | No Comments »By Rudy Armstrong This topic is about the real estate crisis that everyone is worried about. Now if one has a fourclosed home and no one is there to watch the house from being damaged what do they do? ...
