ARCHIVED BLOG POSTS
2009
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California AG Wants Pay Option ARM Answers HOUSING WIRE By AUSTIN KILGORE October 29, 2009 4:26 PM CST California attorney general Edmund Brown Jr. today sent a letter to 10 major bank and loan servicers in the state calling for the disclosure of their detailed plans to help certain homeowners ma...
10/30/2009
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Rate Lock Advice and Mortgage Market Update October 30, 2009, 8:00 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +6/32. Personal Income and Core PCE inflation came in very close to expectations. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day ...
10/30/2009
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It is apparent that an increasing amount of our country's financial power is being consolidated into the big four banks; Bank of America, Chase, Citibank and Wells Fargo making these guys absolutely To Big To Fail, what's next? Will there be further consolidations... maybe big bank inspired elimi...
10/29/2009
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Rate Lock Advice and Mortgage Market Update October 29, 2009, 9:50 PT RATE LOCK ADVISORY Lock Advice: LOCKUnfavorable repricing is a risk. MBS prices are down -8/32 below 9:45 ET pricing of -4/32. The Dow is now up 150 plus points, putting pressure on MBS markets. RATE NOTES:When MBS prices are...
10/29/2009
Whether you are for or against the First Time Home Buyer's Tax Credit you should stop a minute and read Jeff Belonger's post on the subject. It makes a lot of sense. My buyers are happy to recieve it and it motivates then to close in time but I don't believe any have bought solely because of the...
10/29/2009
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Rate Lock Advice and Mortgage Market Update October 28, 2009, 1:15 AM PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +16/32. Durable Orders came in right on target and produced little reaction. New home sales fell short of expectations and helped the MBS market. RATE NOTES:When MBS p...
10/28/2009
Lindsay's blog is clearly written, easy to understand and should be required material for first time buyers.A DOSE OF EDUCATION HELPS THE ANXIETY GO DOWN... Understanding what you want and who you are will provide you the confidence you need when shopping for a home and more importantly a home l...
10/28/2009
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Rate Lock Advice and Mortgage Market Update October 28, 2009, 6:30 AM PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +1/32. Durable Orders came in right on target and produced little reaction. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Go...
10/28/2009
Rate Lock Advice and Mortgage Market Update October 27, 2009, 1:20 PM PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +12/32, above 9:45 AM ET pricing of +2/32, and at the high for the day. Several lenders reposted improved rates. Demand was very strong for the 2-yr auction and weak...
10/27/2009
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Rate Lock Advice and Mortgage Market Update October 27, 2009, 11:00 AM PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +11/32, above 9:45 AM ET pricing of +2/32, and at the high for the day. Several lenders have reposted improved rates. Demand was very strong for the 2-yr auction and...
10/27/2009
Rainmaker
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Bill Ladewig
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