Sunny Singhs Finance Talk

FNM 3.5 Down 22 ticks and still going 10 YR Bond Yield up to 2.28 and still going   The sell off isnt helping. It doesn't matter that stock markets have sold off and it doesn't matter that recent Fed officials have spoken equivocally about QE3. This is a negative for the bond market because it me...

Last Tuesday the 10 Year was at 1.97 and today it is at 2.37!!    Interest rates increased a tad bit, but what really suffered was lender rebate which mostly is used for lender credit these days. So in a nutshell, the cost of a loan just went up!!   What the heck is going on? I'm not a conspirici...

Have you ever wondered or asked yourself "Why am I not able to establish great Referral Partners?" Partners who bend over backwards to give my card out to people they run accross who are in need of a mortgage. Well, I have been asking myself that for the past year.   I mean I have literally been ...

Yes I said comeback...I know, I know...a lot of Loan Officers are probably going to say it was never gone.   True, but you must admit that since the Monthly MIP Hike, its been harder to qualify those clients who wanted to refinance using a Streamline due to not being able to meet the 5% Net Tangi...

Rumormill, well maybe not so much as rumor anymore... Here is the link: http://www.ots.treas.gov/_files/enforcement/97382.pdf   Anyone else hear that HSOA got shut down by the FDIC. I havent been able to find out the complete details on why but have heard that HSOA will no longer be funding loans...

"As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund, Acting FHA Commissioner Carol Galante today announced a new premium structure for FHA-insured single ...

  FACTS AND MARKET UPDATE A combination of Greeces Weekend Debt Swap and the announcement that Fewer Late Mortgages made for an interesting day so far.   Currently the FNMA 3.5 is down 13 ticks and going!!!... 14   10 Year Bond Yield is up to 2.00, now back to 1.99   While the Stock Market is up ...

Good Evening AR   Today I wanted to write a quick blog post with a powerful marketing suggestion, and in fact something I have added lately to my arsenal of marketing weapons.   So this week was a crazy busy week. Not only because of the loan pipeline, but because I joined a few more local groups...

Citi Mortgage just announced yesterday that they are shutting down wholesale. They want to focus on their Retail platform as well as Correspondent side.   They are no longer accepting new registered loans, and I dont know why you would even send one there as of 02/01/2012 because they intentional...

GOOOOOOOD MOOORNING AR!!   I noticed I have been blogging a lot of posts lately about the negative aspects of our business (DODD FRANK, Tougher Guidelines, Harder to get loans, Shadow Inventory, Unlicensed Activity, Fraud, Our Country's economic forecast as a whole!!, etc etc)   However today I g...