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Latest Posts
AM Market Brief - Thursday
July 2 , 2009, 6:30 AM PST National Average Fixed Rate Mortgage Down 3 basis point at 5.35% on 07-01-09 *A...
Pending Home Sales Up For Four Consecutive Months in the...
Pending home sales increased 0.1 percent in May and were 6.7 percent higher than a year ago according to the...
Plymouth Title Market Update
As it stands now, inflation is somewhat contained. 2,3, and 5 year notes were sold off in record numbers, which may...
H.R. 3044
H.R. 3044 : Attempting to impose an 18-month moratorium on the Home Valuation Code of Conduct McLean,...
Taylor Bean Pays $9 Million but Wells Should Pay $100...
Fannie Mae, Freddie Mac, Wells Fargo and Countrywide skate away while a smaller lender with very little government...
An Appraisers Viewpoint
Thank you truth in mortgage: An appraisers viewpoint... “Yesterday it was the Realtors, the day before it was...
Seattle Mortgages: Appraisals Hurting Housing Recovery
Home values are being pushed lower in part due to previously foreclosed and distressed sales showing up on appraisals ....
Southern California Home Prices Rise for First Time Since...
The median home price paid for all homes in the 6 counties located in Southern California was $249,000 last...
chrismasters, 19 June 2009 |
Comment
The Regulator: Looks Like Obama Is Over Regulating.....
The Obama Administration introduced sweeping financial regulatory reform late Tuesday through a “Consumer Financial...
nora, 18 June 2009 |
Comment
Mortgage News
467k Jobs Lost. 9.5% Unemployment Rate
Forecasts were much too optimistic for the June employment numbers. The labor market lost 467,000 jobs last month, pushing the unemployment rate up one-tenth to 9.5%, its highest level in 26 years. An...
Markets Hesitant Ahead of Employment Data
Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependent on the direction of the labor market. Many look ...
Freddie Mac allows financing of 125% of home value
Freddie Mac announced Wednesday that it would offer loan-to-value ratios on home mortgage refinancings of up to 125 percent for qualified borrowers. The announcement comes as the Obama administration...
Credit rates still moving up - Tacoma News Tribune
NEW YORK – Credit card reform might be looming in the headlines, but for now the fine print is still hitting consumers hard. Banks keep raising minimum payments, interest rates and fees, continu...
Eligibility for home refinance program is expanded - Chicago Tribune
Reporting from Washington and Los Angeles - The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance program, lifting the maximum loan-to-value ratio to 125% from 1...
response to Credit Conditions Survey - Politics.co.uk
Responding to the latest Credit Conditions Survey from the Bank of England, CML economist Paul Samter said:“The positive news is that there was a small increase in the availability of credit in the ...
NFP IN! -467k. Previous Revised Down as Well!.
June Payrolls -467,000 (consensus -363,000) Unemployment at 9.5% vs. consensus 9.6 Avg. hrly earnings unchanged versus .1% gain consensus workweek down .1 hr to 33.0 hrs. consensus was for no change A...
Freddie Mac refinancing will aid homeowners - Medford Mail Tribune
The Federal Home Loan Mortgage Corporation, nicknamed Freddie Mac, said Wednesday it will offer loan-to-value ratios on home mortgage refinancings of up to 125 percent for qualified borrowers.
New mortgage rules could help more borrowers - San Francisco Gate
Now, borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac and are current on their payments could be eligible for refinancing even if they owe as much as 125 percent of the home'...
Manhattan apartment prices skid 13 to 19 percent - WJLA
');} //--> NEW YORK - Apartment prices in the typically resilient Manhattan market plunged in the second quarter by the largest annual amount in decades, data released Thursday showed. The median...
Are Obama's Mortgage Regulations Naive or Scapegoating?
The Mortgage origination business model has been the same since I started in the mortgage business in the late 80's....
More from Austin Kay:
Daily Mortgage Interest Rate Observer 07/02/09
June payrolls loss were great then expected at 467,000 (good for rates) Unemployment came in at 9.5% vs. the expected 9.6%...
More from Mike Rogers:Most Active Blogs
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Is Anyone at the Fed or Treasury Listening? Mortgage Rate...
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AM Market Brief - Monday
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Housing Values Stabilizing in Some Areas
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Daily Mortgage Interest Rate Observer 06/17/09
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AM Market Brief - Wednesday
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Senators Push to Increase Home Purchase Tax Incentive to...
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Daily Mortgage Interest Rate Observer 06/12/09
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AM Market Brief - Tuesday
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Daily Mortgage Interest Rate Observer 06/02/09
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$8,000 Tax Credit Applied in Illinois