Consolidate Debt from Loans and Mortgages

It has been missing for quite some time as I transitioned Florida Mortgage Daily into Mortgage Rate Forecaster™, but the Mortgage Market Weekly is back, and is now going to be an email newsletter, so don’t forget to sign up for it on Mortgage Rate Forecaster™. I have received many inquiries as to what happened

Mortgage and Treasury markets spent most of last week coming to terms with a new pricing equilibrium that was sharply worse than that to which they had become accustomed. At the end of the week, though, mortgage markets appeared to be adjusting to the new equilibrium. While 10-year treasury rates worsened by as much as 45 basis points in yield over the course of the week, mortgage rates were only 22 basis points higher, at 4.39% for the 30-year fixed

After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits.

After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits. Treasury prices were also under a lot of pressure, with the benchmark 10-year yield rose 20 basis points, ending at 2.76% from 2.56% on Monday

HVCC Morphs into Appraiser Independence Karen Deis. Publisher, www.Mortgage Currentcy.com The new Appraiser Independence rule and the sunset of HVCC doesn’t change a thing.

HVCC Morphs into Appraiser Independence Karen Deis. Publisher, www.Mortgage Currentcy.com The new Appraiser Independence rule and the sunset of HVCC doesn’t change a thing

Last week brought more market-affecting news than any in recent weeks. On top of a long-anticipated meeting of the Federal Reserve Open Markets Committee, the week also contained any month’s most significant economic report, the Employment Situation, or Non-Farms Payrolls report. Let’s take a look at the effect these reports have had on mortgage rates

While last week’s biggest headline was the first reading on 2nd quarter GDP, it was questions, doubt, and confusion about exactly what the Federal Reserve Open Markets Committee will announce at the conclusion of its meeting this Wednesday. The Fed essentially announced the program at its last meeting in September, saying it was prepared to take action if it perceived the economy to be growing at too slow a pace

Well, you knew it was going to happen. The NMLS has announced that beginning on November 1st, 2010, all licensed loan officers (not registered) must authorize them to pull a credit report on YOU—regardless of what your state’s requirements—and even if your credit was previously reviewed.

So, what’s “wrong” about the way loan officers have to be licensed? ..first you pay all that money, spend all that time getting your license and only AFTER you’ve done that…will they pull a credit report…too see if you can continue doing loans. I’ve heard of loan officers who are “on probation” because …

Both the Consumer Price Index and the Producer Price Index released last week showed that inflation is negligible in the US economy right now, putting further pressure on the Federal Reserve to take action to stimulate economic activity. The CPI showed 0.0% core inflation, while the PPI showed 0.1% core inflation, and while both figures were higher when food and energy costs were incorporated, 0.1% and 0.4% respectively, the level of inflation is clearly below the Fed’s 2% target. Energy costs, especially, have been rising in dollars recently due to the weakness of the dollar on international markets.