Real Estate and Mortgage Consultant

Mortgage Market Report for Thursday November 15, 2007The CPI or consumer price index was in line with expectations.  Opening weaker the stock market is helping bonds.Core CPI was reported at 2.2% which is just slightly higher than last month.  Traders and putting money into bonds from proceeds of...

Mortgage Market Report for Wednesday November 14th, 2007The Cato Institute had Fed Chairman Ben Bernake speaking.  He showed some big changes in the way the Fed reports information.  The new strategy will give a more timely insight into the Fed outlook.  The Fed will double the frequency of the r...

Mortgage Market Report for Tuesday November 13, 2007Stocks appear to be opening higher on the back of strong earnings from Walmart.  The Retail Sales report will be out tomorrow.  Traders are expecting a strong retail sales number that could be bad for bonds and good for stocks.Morgan Stanley has...

Mortgage Market Report for Friday November 9, 2007Today more losses in the sub-prime mortgage after Wachovia announced a loss.  Stocks are beginning the day on the downside and money is flowing into bonds.  The Dow and the S&P have broken below the 200 day moving average flow of support and the s...

Mortgage Market Report for Thursday November 8th, 2007In this morning Initial Jobless Claims was reported lower than expectations of and the lowest reading in a month.  The report suggests the labor market remains fairly tight and this was slightly negative news for Mortgage Bonds. However techni...

Loretta Sanchez Orange County Hits Home Her statement began with a compliant about looking for a home loan purchase with all of the underwriting qualifiers would give her a rate that is 1% higher than published conforming rates.  After stating that she again hammered back again  to Bernake about ...

Wednesday November 7th 2007The House Financial Services Committee on Tuesday approved a bill that would impose sweeping changes on the mortgage industry, including minimum standards for approving loans and some new liabilities on those who securitize mortgages. These items are sweeping changes fo...

Wednesday November 7th 2007The House Financial Services Committee on Tuesday approved a bill that would impose sweeping changes on the mortgage industry, including minimum standards for approving loans and some new liabilities on those who securitize mortgages. These items are sweeping changes fo...

Wednesday November 7th 2007The House Financial Services Committee on Tuesday approved a bill that would impose sweeping changes on the mortgage industry, including minimum standards for approving loans and some new liabilities on those who securitize mortgages. These items are sweeping changes fo...

Mortgage Market Report for Tuesday November 6th, 2007Headlines have been dominated by news of financial institutions reporting major losses in their mortgage holdings.  This has led to the departure of high profile CEO's like Merrill Lynch's Stan O'Neal, who after losing Billions of dollars last ...