ARCHIVED BLOG POSTS
2009
INTEREST RATES FOR AUGUST 7th, 2009 MBS prices opened about the same as yesterday's close. Employment data released at 8:30 EST sparked a stock market rally which took investors (and their money) away from fixed income (treasury and MBS) bonds. Employment numbers showed fewer job losses and bea...
08/07/2009
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After one year as the director for the Federal Housing Finance Agency, James Lockhart announced he is stepping down, and plans to return to work in the financial-services industry in New York. The Federal Housing Finance Agency is the Fannie Mae and Freddie Mac regulator, created during the go...
08/06/2009
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Pending Home Sales Up According to the National Association of Realtors (NAR), Pending Home Sales is up for the fifth month in a row. Pending home sales in June rose in all regions: up 7.1 percent in the South, 2.9 percent in the West, 0.8 percent in the Midwest and 0.4 percent in the Northea...
08/05/2009
Private Mortgage Insurance Reminder: Mortgage insurance is available for Conventional financing in the (declining market) states of Arizona and California under the following terms: •· 90% LTV / 90% CLTV •· Owner Occupied Primary Residence •· 720 Minimum FICO score •· ...
08/04/2009
The HOPE NOW ALLIANCEincludes a number of counseling organizations, which consists of all HUD intermediaries that have offices across the United States. The organizations play a key role in the success of HOPE NOW, providing borrowers in-depth debt management, credit counseling and overall forecl...
08/03/2009