Peter Buchsbaum's (peterbuchsbaum) Blog

Desktop Underwriter (DU) is changing again tomorrow. Fannie Mae’s automated approval process is undergoing another makeover to accommodate the new thinking at Fannie Mae. They are no longer allowing a 3% down payment. The maximum financing with a Fannie Mae loan is 95%. They are retiring interest...

  Market Focus: When will the Fed Tapper? This seems to be the question of the week. That’s right the last jobs report just put all the focus back on the Fed. It is not a question of IF but rather When they will cut the amount of bonds and mortgage backed securities they buy. A limited amount of ...

Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The s...

Market Focus: You are not seeing double and I did not make a mistake. There are actually two of the same reports being reported the same tome on the same day. And you thought this stuff was boring. The first Factory Order is last month’s delayed report. Meanwhile this week’s reports should not ha...

Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The s...

Wow! Lots of incredibly boring reports but after the government was closed for business finally these reports have something to say and this week covers almost every facet of the economy. This week we have reports on Manufacturing, real Estate, Inflation, Jobs, Sales, confidence, and the FOMC. As...

Market Focus: This week covers almost every facet of the economy. This week we have reports on Manufacturing, real estate, Inflation, Jobs, Sales, confidence, and the FOMC. Couple all of this with the second half of earnings and it’s anyone’s guess. Earnings have pushed the markets into record te...

Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The s...

Welcome to my mid week review of the week ahead. We have only finished 3 days of the current week and already these incredibly boring reports are having an impact on real people. Currently that impact is pushing mortgage interest rates to a level not seen in three months. Yesterday existing home ...

Market Focus: So the government is back in business and the S&P is in record territory. The effects of no government are being pushed by the belief that the Federal Reserve will hold off a little longer on “tapering”. This week begins earnings week as more than a quarter of the companies that rep...