Peter Kalian's (pkalian) Blog

STRAIGHT SCOOP ON PRICING ADJUSTMENTS AND PAYING POINTS In response to higher mortgage default rates experience by Fannie Mae and Freddie Mac, the largest buyers of 30 year fixed, conforming mortgages, the formal announcement of "Risk Based Pricing" was established during 2008. Before this was an...

A quick explanation courtesy of Mortgage Market Guide: What Does the Federal Reserve Do Anyway? With the economy in the news every day, more attention is being focused on the Federal Reserve than ever before. Let's look at some of the facts, and understand exactly what they do and how they do it....