Michael 's Mortgage Blog

  Good afternoon fellow mortgage professionals,The attached memo from Fannie Mae AKA FNMA explains why this occurred.What I basically take from this memo is that effective with all loans delivered to FNMA on or after Aug 1 FNMA will be charging an additional 100 basis points in discount; addition...

Good morning, We have a rather quiet week ahead of us, with the release of only a few pieces of economic data for the markets to digest. There are three reports of interest scheduled to be posted, but none are considered to be very important to bonds or mortgage rates.  The first of the three com...