RECENT BLOG POSTS
Once more there was little movement in the mortgage markets during the week ended May 10, especially for fixed rate mortgages (FRM).The 30-year FRM averaged 6.15 percent with 0.5 point compared to 6.16 percent and 0.5 point the previous week while the 15-year FRM was unchanged at 5.87 percent and...
05/16/2007
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Fannie Mae plans to tighten its underwriting guidelines on certain loans especially where risk layering is involved. A spokesman confirmed to National Mortgage News that changes are coming in regard to high loan-to-value ratio mortgages and "very low" downpayment loans. He noted the idea is to pr...
05/16/2007
How can something that is virtual be real? Over 6 million people apparently find no problem with the concept as they socialize, create, build, and become willing advertising test dummies in a not-quite make believe world called "Second Life."Anyone much over the age of forty is probably going to ...
05/16/2007
I was reading a great article from MaketingProfs that relates perfect to the real estate industry:Testimonials-endorsements from respected companies or business leaders-can facilitate selling your products or services. But getting the testimonial is the tip of the iceberg. Next, you must decide h...
05/09/2007
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Declining home sales and prices have not succeeded in discouraging homeowners from pulling equity out of their homes according to Freddie Mac's quarterly refinance review for the first quarter of 2007.The corporation reported that 82 percent of Freddie Mac-owned loans that were refinanced during ...
05/08/2007
The Federal Housing Administration may not be able to revive its single-family program unless the agency adopts private-sector policies and procedures in originating, insuring, and servicing mortgages, according to the Consumer Mortgage Coalition. So the trade group is working to add language to ...
05/05/2007
Lots of news on the mortgage front in the last few days. I wanted to share.On Thursday Senator Charles Schumer (D-NY), chairman of the Senate's Housing Subcommittee introduced legislation to deal with a potential foreclosure crisis arising out of the subprime lending mess. In the legislation Schu...
05/05/2007
It seems impossible to get a clear look at the housing situation these days. Where there is hope there is despair, if good news there is bad, existing home sales plummet while new home sales climb toward recovery, ying begets yang. And in that spirit, The National Association of Realtors (NAR) ju...
05/05/2007
To use the word "drift" in conjunction with the mortgage market the past week would be suggesting too much energy in mortgage rates and in the market.According to Freddie Mac's Primary Mortgage Market Survey for last week, fixed rate mortgages (FRM) inched down a maximum of two basis points and A...
05/02/2007
 Nationwide reports show inventories of new homes growing, with the difficulty for buyers to obtain mortgages cited as one of the causes. Oregon's largest homebuilder, Buena Vista Custom Homes, has created a program that allows potential homebuyers to own one of their homes for nearly one-third o...
04/30/2007
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