Home Price Declines Slow; Fannie Mae Delinquencies Rising

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Fannie Mae Expands Portfolio, Delinquencies Rising (Top News) Case-Shiller Says Pace of Home Price Declines Slowed in April (Top News) The Day Ahead: Q2 to End on Upbeat Note (Fed and Economy Watch) MBS CLOSE: Holiday Week Work Ethic (MBS Commentary) LATEST VIDEO Fed Chairman Benanke's 'Green Shoot' Lexicon Green shoots glow both ways, blossoming and also in danger of withering. The term inspires consumer confidence. (Bloomberg News) S&P's Best Quarter Since '98 The S&P advances yesterday. Technology continues to gain ground for the year with a gain of around 20% overall. (Bloomberg News) Treasury's PPIP Plan The Treasury will unveil it's PPIP plan in the next few days, reports CNBC's Charlie Gasparino. AROUND THE WEB Long Term Budget Projections at Unprecedented and Intolerable Levels Complacency as Measured by VIX Returns to Wall Street Fannie Mae Monthly Summary-May April S&P/Case Shiller Home Price Index Press Release Freddie Mac Is Trying to Sell Some Kool-Aid Torturing Statistics on the Housing Bubble POPULAR FORUM DISCUSSIONS They say they will do a guarantee lock on our refinance which means if the loan averages 60 days or more our rate is guaranteed? My loan officer said he's I am a broker in Texas. Does anyone know of a lender out there doing FHA Streamlines that have 2 or more lates? Or with no credit score or history required [Poll] HR 3044: To Impose 18 Month Moratorium on HVCC We are buying a foreclosed home. Contract was for a 35 day escrow and if longer, we'd be charged a per diem penalty of $100 a day until close by the Loan Scenario: CA, $275,200, 800, 80% LTV, Purchase WIKI QUESTIONS AND ANSWERS Recent Questions How do you get a free 2009 credit report? I have a mortgage ($180,000) now at 5.625 with a PMI adding an extra $144 to my payment. I want to Refi $135,000 putting $45,000 down.One reason to get Hello, I am currently in the process of closing on a foreclosed property with the VA as the seller. I am a first-time homebuyer who recently counteroffered Can a lender lower the mortgage rate on a loan or is he restricted by current mortgage rates ? Who has the final say on the rate ? Hi everyone! first of all, what a great site this is. I am purchasing a 2-fam house and signed the contract about 2 months ago. at the time of signing Recent Answers There is a property that has gone into foreclosure. I have a buyer that would like to purchase this property but I cannot find a contact person with the How do I purchase a foreclosed home in my neighborhood? How much does it cost to transfer ownership of a house? Mortgage News Daily

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Mortgage Meltdown, More Pain To Come

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Mortgage Meltdown, More Pain To Come (Community Commentary) MBS LUNCH: Recovered and Range Bound. Some Trivia Too (MBS Commentary) Mortgage Rates Look for Direction and the Week Ahead (Mortgage Rate Watch) The Week Ahead: Holiday Shortened Calendar (Top News) LATEST VIDEO James Lockhart: Fixing the Mortgage Markets Wilbur Ross on Financial Regulation President Obama's financial regulatory reform plan has the possibility of making sweeping changes to an industry where risk is king. Wilbur Ross, chairman Success On Housing Business Analysis and discussion with the Co-Founder of Omni New York Mo Vaughn. He talks about the affordable housing and real estate development. (Venture) AROUND THE WEB 175 California Hotels In Default; Sheraton Keahou Bay Resort in Hawaii Defaults; More Defaults Coming Bank of New York Mellon Faces More Write-Downs Is Treasury's TARP Debt Already Monetized? Part II Primary Dealer 10yr Treasury Note Outlook Agency MBS (Mortgages)? Better Read This! Top 1000 world banks 2009 POPULAR FORUM DISCUSSIONS [Poll] HR 3044: To Impose 18 Month Moratorium on HVCC Here's my scenario: 190,000 selling price, 20% down, 790 FICO, in Michigan. My broker told me I can lock at 5.5% for 30 days with no points. However We are buying a foreclosed home. Contract was for a 35 day escrow and if longer, we'd be charged a per diem penalty of $100 a day until close by the We put an offer in on a foreclosed property on Sunday, apparently one of two they received (the other was from a cash buyer, for less money). Monday we WIKI QUESTIONS AND ANSWERS Recent Questions What is HVCC and what are the pros and cons? What are the warranty laws on a home in the state of California? Do warranties transfer to new owner? Our home has 4 defective windows that have a 10 year Hi All, I'm a first time buyer here. I had locked in at 5.875 and no points/originiation fees in early june and that was th best rate at the time. Why are payments on the payment schedule of the Truth in Lending higher than the P& I payment on page 1? Hi- Love this site, by the way... I am so glad I stumbled across it a few weeks ago. There is no better place to keep a finger on the pulse of mortgages Recent Answers There is a property that has gone into foreclosure. I have a buyer that would like to purchase this property but I cannot find a contact person with the How do I purchase a foreclosed home in my neighborhood? How much does it cost to transfer ownership of a house? Mortgage News Daily

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HR 3044: To Impose 18-month Moratorium on HVCC

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES HR 3044: To Impose 18-month Moratorium on HVCC (!!!!!!!!) (MBS Commentary) MBS CLOSE: Quarter End Approaches, Expected Results Ensue... (MBS Commentary) Mortgage Rates Make a Break After Successful Auctions (Mortgage Rate Watch) LATEST VIDEO Fed Focus - How Will BofA-Merrill Probe Affect Bernanke? A Roundtable Discussion on Ben Bernanke's Future at the Federal Reserve (Bloomberg News) Treasury Targets Housing Crisis The Treasury department is discussing their latest initiative on fixing the housing problem, and CNBC's Diana Olick has the details. In-Depth Look - Fed Trims Emergency Lending Programs Interview and discussion with John Silvia of Wachovia. He talks about consumer spending and consumer consensus. (Bloomberg News) California At Edge Of The Cliff California's budget impasse is gets worse from. (Bloomberg News) AROUND THE WEB How will the Fed withdraw all that liquidity? The Fed's Balance Sheet for the Week of June 24: What's Not Adding Up Lax Lending Standards: Blaming the CRA Doesn't Add Up Off the Charts: How Bad Is the Recession? Check New Home Sales POPULAR FORUM DISCUSSIONS 4506-T I need to lock in my 30 day rate by Monday. I've been rather confused by this whole process (first time homebuyer, all the normal excuses) but I'm Economic Recovery on the Horizon?? TNX was down 3.77% today, yet the rates between 10:00 and 4:00 barely moved (par didn't move at all). Is this normal? Any chance the move will be factored WIKI QUESTIONS AND ANSWERS Recent Questions I just locked my rate to refinance and expect to get the good faith estimate some time next week. That should include all estimated costs for closing including is it unheard of to go into a mortgage broker and expect a discount on fees or rates if i bring a family member with me who also needs a loan? Here's my scenario: 190,000 selling price, 20% down, 790 FICO, in Michigan. My broker told me I can lock at 5.5% for 30 days with no points. However Recent Answers There is a property that has gone into foreclosure. I have a buyer that would like to purchase this property but I cannot find a contact person with the How do I purchase a foreclosed home in my neighborhood? How much does it cost to transfer ownership of a house? What are the factors that will cause mortgage interest rates to drop? Mortgage News Daily

 

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Sales of Existing Homes Hurt by Poor Appraisals

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Sales of Existing Homes Hurt by Poor Appraisals (Top News) A Note on the Treasury Regulatory Plan and Images of a Fool In Action (MBS Commentary) MBS OPEN: Slightly Weaker To Start, But Major Movers Yet To Come (MBS Commentary) Mid-Morning Recap: Sell-Off Extends into Tuesday (Top News) LATEST VIDEO 3 Banks Stop Paying TARP Dividends - WSJ Three banks that take T.A.R.P. money stop paying dividends to the government according to "The Wall Street Journal" report. (Bloomberg News) In-Depth Look - Inflation Vs Unemployment Interview and discussion with Michael Pento of the Delta Global Advisors. He talks about the Fed meeting about inflation and unemployment rate. (Bloomberg Mishkin on the Economy The federal government and Congress need to focus on long-run fiscal sustainability, says Frederic Mishkin, Columbia University economics professor and In-Depth Look - Two-Day Fed Meeting Starts Interview and discussion with Michael Moran of the Daiwa Securities America. He talks about the two-day federal meeting about the health care reform and AROUND THE WEB Angelo's Ashes JPMorgan on "Exit Strategies" The Fed: What exit strategy? The drama isn't over Will Commercial Real Estate Crisis Demolish Community Banks? POPULAR FORUM DISCUSSIONS 4506-T Economic Recovery on the Horizon?? Greetings, Like many people I bought my house back in 2006 at the height of the market just before it started declining. I saw some of the writting on Loan Scenario: CA, $900,000, 740, 64% LTV, Purchase WIKI QUESTIONS AND ANSWERS Recent Questions Could anyone give an idea of how much time it is taking to get FHA loan approvals in SoCAL? I guess it probably depends on the lender but any average timelines Hello, I was in the process of a VA Streamline Refinance(IRRRL) and my current Mortgage Specialist sent me an email saying that my rate lock expired today Hello All, On Friday I locked a rate at 5.25%. Closing isn't until Aug. 28, so I paid .25 points ($900) to lock in early. Lender offers 1 float-down Recent Answers How do I purchase a foreclosed home in my neighborhood? How much does it cost to transfer ownership of a house? What are the factors that will cause mortgage interest rates to drop? Mortgage News Daily

 

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Mortgage Rates Lower As Markets Show Signs of Correction

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Mortgage Rates Lower As Markets Show Signs of Correction (Mortgage Rate Watch) MBS UPDATE: Auction Results Out And Favorable (MBS Commentary) Freddie Mac: Rates Rise to Highest Levels of Year (Top News) MBS OPEN: Technical Trading Contradicts Logic (MBS Commentary) LATEST VIDEO Market Outlook - This is a "Balance Sheet Recession" Green Shoots & Glimmer - Analysis and Discussion with Jim Keegan of RidgeWorth Intermediate Bond Fund (Bloomberg News) Inside Look - Was Lewis Forced Into Merrill Deal? Live! From Capitol Hill: Exclusive Interview with Rep. Eldophus Towns (D) of New York, Chairman of House Oversight Committee (Bloomberg News) Recap - Ken Lewis Testimony Live! Coverage from Capitol Hill (Bloomberg News) Realty Check: The Housing Market New numbers from an online foreclosure sale site shows overall foreclosure filings slipped a but in May but bank repossessions are rising, reports CNBC's Fed on Consumer Debt The Fed says the amount of mortgage debt remained flat in Q1 after two quarters of decline, reports CNBC's Steve Liesman. In-Depth Look - Foreclosures Exceed 300,000 Interview and discussion with Rick Sharga of the RealtyTrac. He talks about foreclosure data and the housing crisis. (Bloomberg News) AROUND THE WEB CRE "Partial Interest Only Loans" Coming Due Economists See Fed on Hold in 2009 10-year yield at 4% - snarls recovery Rate Rise Clouds Housing Picture Is China Buying Commodities to Stockpile Them? POPULAR FORUM DISCUSSIONS Any chance of seeing 30yr Fixed FHA rates getting down to 4.75% any time soon, or are they heading in the other direction? I spoke with a LO on Friday, May 22nd and he advised me that rates were 4.75%. I told him that I wanted to lock. He then told me to let him check because Rates Schmates I don't have a contract of any kind with my realtor. She has been helpful and I have found a house that I love. However when I started talking to her WIKI QUESTIONS AND ANSWERS Recent Questions I am thinking about locking a 7 yr ARM currently at 4.875% with 1 point. Like so many others, I missed locking the 30 yr FRM at 4.75% and 0 points and Is there any significant difference between FHA And VA loans? is it legal for a foreign person to buy and own real estate in texas I just found out that my loan originator is not currently licensed in my state (Wisconsin). I looked him up after I started to get the feeling that he My mortgage was sold and the foreclosed. The home sold at auction with a deficit of $49,000. The original mortgage company has mortgage insurance on the Recent Answers In buying a new home, how are estimated closing cost determined? How are estimated prepaid items/reserves determined? If i just finished paying off a chapter 13 bankruptcy. How long will it take after that to get a loan? What is the purpose of Title Insurance? Mortgage News Daily

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