ARCHIVED BLOG POSTS
2009
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Mortgage backed securities (MBS) prices are higher (rates lower) before the sale of $8 billion of 5yr inflation protected securities and a government announcement of how much the U.S. plans to raise in 3 auctions next week. The Treasury is expected to announce it will sell $99 billion in 2, 5, & ...
04/23/2009
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Mortgage backed securities (MBS) prices are higher (rates lower) before the sale of $8 billion of 5yr inflation protected securities and a government announcement of how much the U.S. plans to raise in 3 auctions next week. The Treasury is expected to announce it will sell $99 billion in 2, 5, ...
04/23/2009
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The FHA's Hope for Homeowners program, while billed as beneficial to mortgage investors, may need an overhaul because it is proving ineffective in cutting losses. It focuses on lowering payments rather than reducing homeowner debt. The program was designed to help 400,000 borrowers when it star...
04/23/2009
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Training and Managing a Team Direct with Clear Job Descriptions When it comes to training and managing a team, you must start out with a clear vision in directing your team to a common goal through job description and training. Creating a job description and training the individual you hire...
04/23/2009
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In order to comply with the new Agency HVCC (Home Valuation Code of Conduct) directive, all lenders have implemented a new appraisal ordering process. Effective with new applications taken May 1, 2009, the HVCC directive requires lenders to order all appraisals. This directive applies to all prod...
04/22/2009
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Mortgage backed securities (MBS) prices are slightly higher (rates lower) after yesterday's mild sell-off due to disappointment over the size of the Fed's latest round of bond purchases and amid speculation the stress tests of the largest U.S. banks will show additional loan losses; FNMA 4.0% cou...
04/22/2009
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Getting the best home loan is usually a confusing experience even for the most experienced homeowner. These tips should help reduce the confusion: •1) Never shop the rate. Shop the APR! The APR is the Annual Percentage Rate. This is different than the interest rate. This tells you how m...
04/14/2009
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Re-blogged by 0 agents The question no agent wants to hear and no buyer wants to ask! (edit/delete) The question no agent wants to hear and no buyer wants to ask...Why did my purchase loan get denied? It all starts here and the buck stops here, literally! I speak to potential home buyer...
04/14/2009
The question no agent wants to hear and no buyer wants to ask...Why did my purchase loan get denied? It all starts here and the buck stops here, literally! I speak to potential home buyers who have a "pre qualification" letter made up by a loan officer. They come to me at the advice of ...
04/14/2009
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The most significant economic data this week is the monthly inflation reports; Producer Price Index (PPI)will come out on Tuesday, while the Consumer Price Index (CPI) the most closely watched monthly inflation report will be released on Wednesday. There are no reports scheduled for Monday. Retai...
04/13/2009
Rainmaker
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423,528
Nevin Williams
Senior Mortgage Advisor