Brad Cahoone's (mcahoone) Blog

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Mortgage and Lending - Global Home Finance Inc. NMLS ID:316441 - NMLS ID:184176
RECENT BLOG POSTS
April 15: Fannie vs. Freddie market share changes; clarifying comp issues; QRM news; BofA layoffs; nifty CPI calculator   25 basis point increase...FHA...MIP...Monday. 'Nuff said - FHA lenders everywhere are scrambling to take down those FHA case numbers ahead of Monday's MI change. Operators sta...
04/15/2011
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Prior to 8:30 this morning the 10 yr note traded slightly better with stock index futures weaker. At 8:30 weekly jobless claims were expected to have increased 3K but jumped 27K back above 400K to 412K; continuing claims however declined from 3.73 mil to 3.68 mil. The 4 wk average increased 5K. A...
04/14/2011
April 14: Citi name change & recent changes; servicing 'settlement' just the start? Rates behaving themselves    Yesterday Reuters ran a story saying, "A proposed rule requiring a minimum 20% down payment on mortgages that lenders could then sell to investors without keeping some of the risk on t...
04/14/2011
April 13: Electronic appraisal update; how investors view FHA/VA loan pools; JPMorgan Chase earnings; Freddie & Fannie debate comments   (Let me add a clarification to the Ops Manager job listing from yesterday. The company is merely shifting responsibilities as they grow, and the current manager...
04/13/2011
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Treasuries and mortgage markets rallied yesterday on weaker equity markets and Japan raising the disaster index to 7 on the nuke problems. This morning stock indexes, as they seem to do on any declines, are better pushing rate markets higher in yield. Yesterday the 10 yr note rallied nicely takin...
04/13/2011
April 12: Mortgage jobs in the Western US; M&A activity in the Central region; FHA MI changes in less than a week   I have been retained by an expanding residential retail lender that is searching for a Director of Operations. The lender is looking for someone who either lives in California or is...
04/12/2011
April 12: Mortgage jobs in the Western US; M&A activity in the Central region; FHA MI changes in less than a week by Rob Chrisman I receive my fair share of "out of office" replies. But this unfortunate one caught my eye yesterday: "Thanks for your interest in City Mortgage Services.  Unfortunate...
04/12/2011
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Treasuries rallying this morning on lower equity market trade and another slight run to safety on news that Japan has elevated the condition level on its nuke sites from a 5 to a 7, the same level as Chernobyl in 1986. Officials however are saying the level of radiation leaks is much lower than C...
04/12/2011
D a i l y   C o m m e n t a r y By Rob Chrisman   April 11: Will all mortgages be funded by REIT's? A primer. New Ginnie pool data requirements; servicer-specific early pay-offs Any company originating FHA & VA loans, and either securitizing them or selling the loans to a company that does, shou...
04/11/2011
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Last week there wasn't much direct news for the bond and mortgage markets. Interest rates increasing around the globe, no economic reports of consequence and politicians working on a budget to fund deficits through the end of 2011 fiscal year (Sept). The rate markets last week saw the 10 yr yield...
04/11/2011
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