Mortgage and Real Estate Insight

Mortgage and Lending - Regions Mortgage
New mortgage insurance requirements went into effect on on Monday that further restrict the availibility of mortgage loans to a majority of potential homebuyers. Mortgage insurance, once thought to be on its way out in the boom times of "combo" or "piggyback" loans is now limiting coverage to its...
I normally refrain from media bashing. Cable and internet news providers are simply trying to earn a living when they constantly dredge up bad economic news and harp on every mortgage company failure or rise in foreclosure. But what has happened this week in terms of Fannie Mae and Freddie Mac's ...
The National Association of Realtors reported yesterday that pending home  sales fell by 4.7% in May after surprise uptick the month prior. Economists had expected a decline of 2.8%. NAR's "Pending Home Sales Index" fell to 84.7 from 88.9 in May and has fallen 14% since May 2007. NAR chief econom...
Speculation over the health and stability of home lending giants Fannie Mae and Freddie Mac turned to outright concern on Monday as shares in the two government sponsored entities (GSE's) fell 20% and 22% respectively. Both lenders have struggled of late with Fannie Mae losing money for the last ...
The modest rally in the bond market over the past week that has seen the yield on the ten year Treasury note fall more than 55 basis points has spilled over into the mortgage rates spurring a rise in mortage applications. The Mortgage Bankers Association of America reported today that mortgage ap...
The Dow Jones Industrial Average officially entered 'bear" territory today after falling nearly 4% in the past two days alone to settle at it's lowest point in nearly two years. Concerns over the credit markets in general, and banks in particular, combined with yet another record for oil has the ...
One has to be sympathetic  to the conundrum the Federal Reserve's Open Market Committee finds itself in this week. The Fed knows that surging energy and food costs have finally begun to drive up prices at the wholesale and consumer levels and that continued monetary policy stimulus is likely to f...
Over the past six weeks, thirty year mortgage rates have risen by nearly 50 basis points from around 5.75% to 6.25%. This is indicative of the general concensus that the Federal Reserve is finished lowering rates and is increasingly wary of inflationary pressures on the economy. This has sent the...
Changes to the FHA 203B program have made it one of the most popular loan programs in the country today with loan limits in Bay County at $396,250 for single family residences. With down payments as low as 3%, and the acceptability of gifts and down payment assitance programs for a borrowers fund...
NAR reported today that new home sales unexpectedly rose in April. Hopefully we will get more positive news like this in the coming weeks to help counter the media's overly-negative coverage of the housing market.

Hunter Palmer

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An Expert's take on Industry News and Views