Happy Monday morning to all and it is another bright, sunny day here in South Florida. Unfortunately, things are not so bright in the mortgage backed securities market and exactly where MBS prices, and thus mortgage rates, are going to go could get very interesting this week. Remember that last week I
Mortgage Market Update – July 6, 2010
Good morning and as I stated in yesterday’s radio program, I have delayed this week’s report until today since the markets were closed yesterday and I wanted to give you a better view of what lies ahead. Of course, flying in from Rio de Janeiro yesterday early morning certainly doesn’t keep one
Mortgage Market Update – June 28, 2010
Bom dia! Estou ainda em Rio de Janeiro, Brasil. Well, last night the airplane had a part that needed to be replaced and they could not get it to the airport in time before we “timed out” for our flight home. As a result, I have an extra day in Rio, which
Mortgage Market Update – June 21, 2010
What an exciting week last week turned out to be and that will likely continue through this one as well. Shortly after my delayed post last week and after airing my radio show, MBS prices tanked and caused all of those rate alert services to post lock alerts, though I never changed
Fannie Cracks Down On Foreclosure Redemptions SEL 2010-07
In case you missed it, this was a big deal on TBWS Daily the other day. Here is the skinny – I’ll start at the end – the foreclosure is not complete until the redemption is over. In other words, the bank does not take possession or “own” the property until after the redemption period—because
Drapes & Blinds Might Be a Seller Concession-Who Knew?
Check with your lender because they may consider window treatments (inlcuded in a purchase agreement) as personal property! Could be deducted from the value of the home.
Memorial Day 2010 – Thank You
A sincere thank you to all who have served and sacrificed for our freedom.
Fannie Updates Qualifying Rules -Pre-Foreclosure
Fannie also defined “extenuating circumstances” (SEL 2010-05)and said if people fall under this category, that it’s 2 years and 10% down payment. more info www.MortgageCurrentcy.com
Mortgage Reform Could Hurt, Not Help Veterans
The Financial Services bill making its way through Congress aims to boost consumer protection and make mortgage lending safer for Americans and the economy at large.
Confused by all of the Reg, Leg and Industry Noise!
I have been so barraged with so many mortgage / financial legislative updates and calls to action lately that I’m not sure which issue I need to get involved with to make the most impact.
You’re Not Done Yet! Tips for June 30th
Here are some tips to make sure you don’t blow by the date and have everyone blame you for missing out on the big bucks
Mortgage Rate Forecast
I think it is fair to say we had an interesting week last week, and one that was full of surprises, but we may end up being less surprised than we thought. Only time will tell for sure, but one thing that is coming is change in the format of this report.