Make sure loan quotes guaranteed
Sunday, February 28th, 2010Make sure loan quotes guaranteed If you plan to take out a mortgage or refinance anytime soon, you m
Ever Wondered How To Obtain a California Real Estate License
Saturday, February 27th, 2010Click Here to Learn More Information. Ever Wondered How To Obtain a California Real Estate License C
Ever Wondered How To Obtain a California Real Estate License
Saturday, February 27th, 2010Click Here to Learn More Information. Ever Wondered How To Obtain a California Real Estate License C
Ever Wondered How To Obtain a California Real Estate License
Saturday, February 27th, 2010Click Here to Learn More Information. Ever Wondered How To Obtain a California Real Estate License C
MBS WEEKLY: Bearish Bond Technicals Battle Mixed Econ Outlook
Friday, February 26th, 2010pPosted To: a href=”/mortgage_rates/blog/”MBS Commentary/a/pWell well well, look where we sit. 10s rose from 3.60 to 3.80 in seven sessions. Took a short breather. Then fell from 3.80 to 3.60 in four days. Chop chop chop . On the week, the 3.625% coupon bearing 10 year Treasury note was +1-09. That#39;s +41/32 from 98-24 all the way up to 100-01. Yields fell 14 basis point from 3.76% to 3.62%. Looking at a longer timeline….notice the cluster of weekly moving averages and rapidly narrowing trend channel. This pattern is called an ascending triangle or continuation pattern. It illustrates how trader positions are accumulating at higher and higher levels. If this chart was price, it would be very bullish. Meaning we would soon expect a breakout to the upside in the near future. Since the chart below is yield, we have to call it very bearish, at least…(a href=”http://www.mortgagenewsdaily.com/mortgage_rates/blog/137404.aspx”read more/a)pdiv style=”background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;”strongForward this article via email:/strongnbsp;nbsp;a href=”http://www.mortgagenewsdaily.com/channels/137404/3/forward.aspx” style=”color:#3333CC;”Send a copy of this story/a to someone you know that may want to read it./div/pimg src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=137404″ width=”1″ height=”1″
Fannie Mae to Clean Up Purchase Process. And Jumpstart the Non-Agency Market at Same Time?
Friday, February 26th, 2010pPosted To: a href=”/news/”MND NewsWire/a/pIf I was selling loans at the moment and I wanted to reduce secondary marketing #39; leakage #39;, I would take special note of the changes, updates, and guidance#39;s offered by Fannie Mae#39;s QC department in Lender Letter 2010-03 below. THE LOAN QUALITY INITIATIVE! (aka loan repurchase world!) The only thing I might add before you read on is FNs loan purchasing systems/work flow are tedious and usually time consuming. Historically, many issues related to compliance with Fannie Mae selling policies are not detected until after loans are delinquent or through the foreclosure process. Loan repurchase requests to lenders have increased in the past three years, highlighting the need for an improved approach for working with lenders to deliver loans that meet Fannie Maersquo;s underwriting…(a href=”http://www.mortgagenewsdaily.com/02262010_fannie_mae_quality_control.asp”read more/a)pdiv style=”background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;”strongForward this article via email:/strongnbsp;nbsp;a href=”http://www.mortgagenewsdaily.com/channels/137376/3/forward.aspx” style=”color:#3333CC;”Send a copy of this story/a to someone you know that may want to read it./div/pimg src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=137376″ width=”1″ height=”1″
MBS AFTERNOON: Reprices for the Better Reported
Friday, February 26th, 2010pPosted To: a href=”/mortgage_rates/blog/”MBS Commentary/a/pAlthough quot;rate sheet influentialquot; MBS coupons are off intra day price highs, we are seeing reprices for the better. If you#39;re floating in the short term, wait a bit longer as you should pick up between .125 and .375 bps after rates are republished. The FN 4.0 is +0-09 at 98-12 yielding 4.157% and the FN 4.5 is +0-09 at 101-07 yielding 4.369%. The secondary market current coupon is 4.295%. The current coupon yield is 69.3 bps higher than the 10 year TSY note yield and 61.2 bps over the 10 yr swap rate….(a href=”http://www.mortgagenewsdaily.com/mortgage_rates/blog/137357.aspx”read more/a)pdiv style=”background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;”strongForward this article via email:/strongnbsp;nbsp;a href=”http://www.mortgagenewsdaily.com/channels/137357/3/forward.aspx” style=”color:#3333CC;”Send a copy of this story/a to someone you know that may want to read it./div/pimg src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=137357″ width=”1″ height=”1″
MBS LUNCH: Rally On! Enjoy The Ride
Friday, February 26th, 2010pPosted To: a href=”/mortgage_rates/blog/”MBS Commentary/a/pAT A GLANCE No Further Data Left Today No Further Trading Days Left This Month (traditional month end lift for bonds) Stocks Unable To Break Previous Highs Ongoing Lack Of Super-Bullish Data MBS and Tsy#39;s Both Taking The Opportunity To Test Resistance 4.5#39;s are up 11 ticks at 101-10 10yr Tsy is up 9 ticks at 3.60 yield. Profit taking expected, Tsy#39;s not seen making significant headway down into the 3.5#39;s MBS Prices and Tsy yields are experiencing a sort of best-case-scenario day where an uncommonly econ-data-dense Friday failed to hit the long ball for equities. Combine that with the month-end bond buying and even give a nod toward Fannie/Freddie 120+ delinquency buyouts for putting the fear of the MBS gods in all holders of premium coupons, and all the stars have aligned for…(a href=”http://www.mortgagenewsdaily.com/mortgage_rates/blog/137317.aspx”read more/a)pdiv style=”background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;”strongForward this article via email:/strongnbsp;nbsp;a href=”http://www.mortgagenewsdaily.com/channels/137317/3/forward.aspx” style=”color:#3333CC;”Send a copy of this story/a to someone you know that may want to read it./div/pimg src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=137317″ width=”1″ height=”1″
Freddie Mac to Eliminate Interest Only Option. Lender Overlays Loom
Friday, February 26th, 2010pPosted To: a href=”/news/”MND NewsWire/a/pFreddie Mac is taking another step in the direction of historically responsible lending habits. The Enterprise today announced it would no longer offer interest only loans as of Sept. 2010. Lenders will undoubtedly enforce this guideline change well in advance of the deadline. HERE is the release: McLean, VA ndash; Freddie Mac (NYSE: FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages, including Freddie Mac Initial Interest fixed-rate and adjustable-rate mortgages. Additional information will be provided to Freddie Mac Seller/Servicers in an upcoming Single-Family Seller/Servicer Guide bulletin. Interest only mortgages, including Freddie Mac Initial Interest mortgages, provide for interest-only payments for a specified…(a href=”http://www.mortgagenewsdaily.com/02262010_freddie_mac_interest_only.asp”read more/a)pdiv style=”background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;”strongForward this article via email:/strongnbsp;nbsp;a href=”http://www.mortgagenewsdaily.com/channels/137322/3/forward.aspx” style=”color:#3333CC;”Send a copy of this story/a to someone you know that may want to read it./div/pimg src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=137322″ width=”1″ height=”1″
FHFA: GSEs Focused on Core Businesses and Responsible Lending
Friday, February 26th, 2010pPosted To: a href=”/news/”MND NewsWire/a/pThe central goal of the Federal Housing Finance Agency (FHFA) in managing its conservatorship of Freddie Mac and Fannie Mae is and conserving the assets of the corporations by minimizing their credit losses from delinquent mortgages. This goal and others were outlined in a letter earlier this month from Edward J. DeMarco, Acting Director of FHFA updating leadership of the House Financial Services and Senate Banking, Housing, and Urban Affairs committees on those conservatorships. The letter was released as part of a presentation made by DeMarco to the U.S. House of Representatives Committee on Financial Services Thursday. The presentation was primarily concerned with outlining FHFA#39;s approach to executive compensation at the two government sponsored enterprises while the letter addressed…(a href=”http://www.mortgagenewsdaily.com/02262010_fhfa_enterprises.asp”read more/a)pdiv style=”background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;”strongForward this article via email:/strongnbsp;nbsp;a href=”http://www.mortgagenewsdaily.com/channels/137264/3/forward.aspx” style=”color:#3333CC;”Send a copy of this story/a to someone you know that may want to read it./div/pimg src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=137264″ width=”1″ height=”1″
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