You may notice a few changes on our blog over the next week or so. I realize that there are a few missing links and contributors, but this is still a work in progress. Just didn’t want anyone thinking we were sitting around on the job.
Two Examples of What’s Right With the Mortgage Industry
Example #1: Embrace Home Loans Foregoes Annual Sales Rally - Instead Conducts Employee Auction and Raises $20,000 for Haiti
By the way, I love the website on which I found this little nugget. Do yourself a favor and visit them at www.nationalmortgageprofessional.com. But here’s the point… our elected officials seem to blame everything that’s wrong with the [...]
Mortgage Market Update
I am running behind schedule today, but things continue to play out exactly as I said they would in last week’s update. Here is how I ended the Mortgage Market Update last week…
The bottom line this week, expect a swing higher in MBS prices (lower mortgage rates), followed by the resumption of a new leg [...]
Mortgage Market Update
This week has things getting back to normal in my life, though still hectic, but I am used to that anyway. As for the mortgage market, things have turned ugly as I warned last week, and while there will need to be a corrective period, or brief floating opportunity, the long haul has turned for [...]
Mortgage Market Update
I find myself in a strange place writing this week’s post as I am in a doctor’s office while my son’s dislocated broken finger gets put back in place. What a trooper as he didn’t even cry when they did it. And speaking of strange places, we are currently in one in the mortgage market [...]
NAMB / HUD Webinar Replay:
Effective January 1, 2010, HUD is requiring loan originators provide borrowers with a Standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a revised HUD-1 Settlement Statement.
There are three main areas of regulation and updates that mortgage brokers have to pay attention to [...]
Mortgage Market Update
by robert d. ashby on 28. Dec, 2009 in Mortgage Rates
I hope everyone had a wonderful Christmas and had plenty to be thankful for. Unfortunately, mortgage backed securities only received a lump of coal. Well, I would actually say a truckload of lumps of coal based on the week’s results.
Last week was a shortened week for the holiday and that usually brings volatility to the [...]