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 11: Will all mortgages be funded by REIT's? A primer. New Ginnie pool data requirements; servicer-specific early pay-offs   Western Springs National Bank and Trust (IL) was closed Friday by the OCC, which in turn appointed the FDIC as receiver, which, in turn, entered into a purchase and as...
04/11/2011
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Treasuries and mortgages under pressure early this morning with stock indexes looking better for the open at 9:30. At 9:13 the 10 yr -12/32 at 3.59% working to test 3.60%, mortgage prices at 9:15 -7/32 (.22 bp). At 9:30 the DJIA opened +35, 10 yr -12/32 3.59% and mortgage prices -.22 bp.   Crude ...
04/08/2011
April 8: Shutdown specifics for mortgage lending from investors and vendors; news on Wells' layoffs, RMIC downgrade, etc.; oil & gold prices nudge rates higher   Rain or shine, whether or not the US government is closed or open, the US Treasury will be open next week to auction off $32 billion in...
04/08/2011
D a i l y   C o m m e n t a r y By Rob Chrisman   April 7: A few new residential programs; government's shutdown impact on FHA; QRM site for comments   As if the mortgage biz doesn't have enough other things to worry about, how about a US government shut down? There are dozens of HUD programs th...
04/07/2011
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Treasuries and mortgages started a little weaker this morning; at 8:00 the 10 yr -5/32 and mortgages -2/32 (.06 bp). By 9:00 the 10 moved back to unchanged and mortgages +1/32 (.03 bp) frm yesterday's close. US stock indexes in pre-market trading were unchanged at 9:00. At 9:30 the DJIA opened -9...
04/07/2011
April 6: Do builders make good landlords? Proceeding with 4/1 comp plan; "Net tangible benefit" for FHA refi's, mortgage training & jobs   Under the just-made-up category of "If you can't build 'em, join 'em," Beazer Homes USA is officially entering the rental business, as the home builder starte...
04/06/2011
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The equity markets opened stronger this morning resulting in some minor price declines in treasuries and mortgages. Crude oil high as is gold and silver, precious metals continue to increase on inflation fears and continued concerns about major currencies.  Demand for precious metals strengthened...
04/06/2011
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