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
May 26, 2011: Quicken expands, Sidus contracts; Rural Housing primer; OCC weighs in on regulation; insider chatter on the CFPBRob Chrisman Sorry the commentary is a little late this morning. My neighbor pounded on my wall at 2:30 AM this morning. Can you believe that...2:30AM?! Luckily for him I ...
05/26/2011
Prior to 8:30 this morning the bond and mortgage markets were slightly weaker; at 8:30 the bond market found some support when weekly jobless claims and Q1 GDP revision were released. Weekly jobless claims were expected to have declined 5K to 9K to 400K, claims increased 10K to 424K and last week...
05/26/2011
Rate markets started slightly weaker this morning, the bellwether 10 yr note still unable to crack 3.10% closing yesterday at 3.11% and at 8:45 this morning at 3.13%. Mortgage prices also a little weaker, -4/32 (.12 bp) at 8:45. Asian stock markets were lower on soft earnings, Europe's stock mark...
05/25/2011
Goldman Sachs Buying Up Jumbo Mortgage Product. More Lenders Chasing Non-Agency Deals; Appraisal Feedback by: Rob Chrisman Pssst... Goldman Sachs is in buying jumbo mortgages. "Goldman has been stockpiling jumbo mortgages at a rate that far exceeds the buying activity of Bank of America, Barclays...
05/25/2011
May 24, 2011: Google wades farther into mortgage pool; general industry comments & trends and NAR & CAR statements on lendingRob Chrisman We can bicker over underwriting guidelines, disclosure documents, or turn times, but the flooding and tornado disasters that have befallen many states take pre...
05/24/2011
Some slippage early this morning; the bond and mortgage markets trading slightly weaker after another attempt to break 3.10% on the 10 yr note yesterday. Yesterday the 10 yr made another attempt to push below its resistance, just couldn't make it although it did decline 2 basis points with mortga...
05/24/2011
May 23, 2011: Simplified disclosure forms under fire; Appraisal system under fire; European debt under fire; does anyone have an extinguisher?Rob Chrisman I don't know if this quite falls under the "No good deed goes unpunished" category, but the proposed simplified combined GFE and TIL form is c...
05/23/2011
ADVICE:  For loans being locked for 15 - 30 days, we suggest...(more) Treasuries have been bid from the get go in Asia as continued problems in the euro zone peripheries have sparked a flight to safety bid. On Saturday, S&P downgraded Italy's credit outlook to negative. Spanish citizens went to t...
05/23/2011
May 20, 2011: SEC looks at rating agencies, and how do they evaluate banks? LOS comments; BofA sheds BlackRock stakeRob Chrisman It is easy for originators to focus on daily rate sheets, mostly determined by what the MBS market is doing. But sometimes it helps to be reminded that on the investor ...
05/20/2011
Yesterday's shocking surprise on the May Philly Fed business index turned what was likely to be a run to slightly higher rates around on a dime. The index was expected to increase from 18.5 in April to 20 in May' as released the index plunged to 3.9 and the new orders component fell substantially...
05/20/2011
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