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 19, 2011: Voting on disclosure forms; implications of upstart correspondent programs; Do you like your LOS?Rob Chrisman "Rob, I continue to hear rumors about rumors of large established correspondent investors possibly questioning their practice of buying closed loans from smaller lenders who...
05/20/2011
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Read all of this; 10:00 data has had an impact.   Yesterday's market trading in treasuries was a shot across the bow for interest rates; this morning more selling and we can say the end of the recent decline in rates is likely over. We have warned for a few days the decline in rates was becoming ...
05/20/2011
May 18, 2011: Why haven't you moved your checking account? News on Flagstar, Quicken's comp case, Impac's earnings; interesting NAR statsRob Chrisman A hockey coach once said, "Last year we couldn¹t win at home and we were losing on the road. My failure as a coach was that I couldn¹t think of any...
05/18/2011
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ADVICE:  For loans being locked for 15 - 30 days, we suggest...(more) Treasuries and mortgages tried early to hold slight price gains but by 9:00 the 10 yr was a little lower in price and mortgages -3/32 (.09 bp) frm yesterday's close. Stock indexes early were a little better with crude oil and g...
05/18/2011
At 8:30 April housing starts were worse than expected, down 10.6% to 523K units annualized with forecasts up 2.8%; March starts were revised higher, up 12.9%. April single family starts -5.1%. April building permits expected down 0.7% fell 4.0%. We don't have a lot to add to the report in that it...
05/17/2011
May 17, 2011: Quicken comp issue still in courts; amazing list of Fannie & Freddie pending bills; why the rally in high balance agency pricing?Rob Chrisman Sometimes you think things are one way, and they turn out to be different. (Just ask Maria Shriver, who found out about Arnold Schwarzenegger...
05/17/2011
May 16, 2011: AE jobs; NAR opines on QRM; banks continue to buy agency mortgages; reader input on REO sales/lendingRob Chrisman Seen on a doc drawer's bulletin board: "I don't mind coming to work. But it is the 8 hour wait until going home that is killing me."Here is some news of interest to star...
05/16/2011
May 13, 2011: Appraisal guarantees on buybacks? Discover buys Home Loan Center; Ellie Mae results; rating agency rulingRob Chrisman We have 18 months until the presidential election, and already things are heating up. The financial community is closing following Donald Trump's campaign, with the ...
05/13/2011
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Prior to 8:30 the interest rate markets were unchanged, at 8:30 April consumer price index was up 0.4% in line with forecasts, excluding food and energy +0.2% also about n line. Yr/yr overall CPI +3.2% up frm +2.7% in March, excluding food and energy +1.3% up frm +1.2% in March. The yr/yr CPI the...
05/13/2011
May 12, 2011: Icon enters correspondent; LO comp musings; Ally buying ING Direct, Morgan selling Saxon? AllRegs ID card productRob Chrisman My memory's not as sharp as it used to be. Also, my memory's not as sharp as it used to be.Along those lines I bet that all the reverse mortgage lenders out ...
05/12/2011
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