Real Estate News
MORTGAGE RATES: Best Lock/Float Advice MND Can Offer
Posted To: Mortgage Rate Watch I think it's safe to say that, consistently for the last 30 to 45 days, at least one lender (regional, major, or independent) has … [Link]
Bulls tiptoe into homebuilder stocks
It takes a lot of courage to be a bull on homebuilder stocks these days. They exist, for sure. And they aren't on mind-bending drugs. In fact, they see the world much as the housing stock bears do. You won't find any uplifting messages in their reports on the economy and housing. [Link]
USDA Rural Housing Bill Passes; Low-Income Rental Legislation Advances
Posted To: MND NewsWire One government housing program that had run out of funds months ago was revived by Congress yesterday, and another bill targeted at low-income rental … [Link]
MBS Lower and Wider. Reprices Reported. Buyers Lurking
Posted To: MBS Commentary Rate sheet influential mortgage-backs are experiencing some localized weakness as stocks rally and swaps spreads widen. Nominally, yield … [Link]
Evolving Loan Officer Agreements: Mandatory Reserves and Good File Delivery
Posted To: The Garrett Watts Report After visiting over 100 shops in the past 3 years, we haven't really seen anything “new under the sun” in terms of … [Link]
Rapid Refinance Program: Don't Bet On It
Posted To: Pipeline Press The economy is so bad, I bought a toaster oven and my free gift with purchase was a bank…If the bank returns your check … [Link]
The Day Ahead: Q2 GDP, Consumer Sentiment, Stocks Testing Support
Posted To: MBS Commentary A busy day awaits the markets as investors get their first look at second-quarter GDP. Also in the store is the influential Chicago … [Link]
Treasury Auctions Done. Bonds Cautiously Resilient as Stocks Repeat History
Posted To: MBS Commentary Treasury just sold $29 billion 7s to a group of uninterested buyers… Auction demand as measured by the bid to cover ratio was below … [Link]
Fannie Mae Preps Investors for Reform. Book of Business Reflects Tight Credit Conditions
Posted To: MND NewsWire In the wake of the passage of Wall Street Reform, which many opponents have criticized Capitol Hill for failing to deal with the future of Fannie Mae and … [Link]
Are HECM Regulators Acting Unethically Toward the Reverse Mortgage Program?
Posted To: Community Commentary I recently spoke on two interesting panels at the American Conference Institute’s two day symposium on Reverse … [Link]
Final Ruling Issued on SAFE Act; Underwriting Guideline Overlays, Adverse Market Fees and Steep LLPAs; CMBS Sales; California State of Emergency;
Posted To: Pipeline Press On a non-mortgage note, my son asked me, "At what age is it ok to tell a highway that it is adopted? At some point … [Link]
Vacancy Rate Near Historic High. America Has a "Home Problem"
Posted To: MND NewsWire As we have pointed out over the last few weeks , America has a homelessness problem; over a million individuals and families are temporarily or … [Link]
The Day Ahead: Moody's Questions U.S. Credit Rating. Bonds Shrug Off News
Posted To: MBS Commentary Equity futures are trading higher this morning despite word from Moody’s that it would have to question America’s triple-A … [Link]
Foreclosures climb in 75% of metro areas
Foreclosure filings climbed in 75% of the nation's metro areas during the first half of 2010, according to a report issued Thursday. [Link]
Can Mortgage Rates Go Any Lower?
Posted To: Mortgage Rate Watch Well, here we are on "hump day" and mortgage rates are still detached from the price fluctuations of the secondary mortgage … [Link]
Is There Life After the Mortgage Business?
Posted To: The Garrett Watts Report We all know the mortgage business can be extremely profitable at times. We also know it can be disastrous at other times. Regulators … [Link]
FHA Ready to Reduce Seller Concessions. HUD Invites Industry Comment Before Implementation
Posted To: MND NewsWire HUD is preparing to implement a few new policies that will no doubt affect your pipeline/loan application process. Last week, HUD and the FHA invited … [Link]
Beige Book: Mixed Reads on Economy. Housing Market Definitely "Sluggish"
Posted To: MND NewsWire The Federal Reserve has released the Beige Book The Beige Book is a compilation of anecdotal information and data on current economic conditions across … [Link]
For sale: Dennis Hopper's compound
The "Easy Rider" left us earlier this year. Now his stunning Venice, Calif., compound is on the market - for $6.25 million. [Link]
MBS Prices Hit New Record High After 5-Year Note Auction
Posted To: MBS Commentary Mortgages are on a serious run… Front-month TBA levels set yet another new record high this morning and yield spreads continued to … [Link]