Monday, August 2, 2010

Fed Chairman Highlights Importance of Investing in Human Capital

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Top Stories      
Governments are cutting education funding, emergency budgets, police overtime, parks and recreation allocations, fire fighter training, etc, etc, etc.... - MND NewsWire
If you're a loan officer, I think the best advice I can offer is: Lock after you've gotten the file far enough to foresee an underwriting decision... - MBS Commentary
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original... - MND NewsWire
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MBS Quotes
FNMA 4.0 102-06 -0-07
FNMA 4.5 104-12 -0-05
FNMA 5.0 106-17 0-00
FNMA 5.5 107-25 0-04
FNMA 6.0 108-25 0-08
Updated: 8/2/10 4:30 PM
Treasuries
3 MO 0.1400 -0.0100
2 YR 0.5539 0.0039
5 YR 1.6355 0.0355
10 YR 2.9609 0.0209
30 YR 4.0619 0.0819
Updated: 8/2/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.58 0.03
15 Yr FRM 3.96 0.02
FHA 30 Year 4.62 0.03
Jumbo 30 Year 5.96 0.01
5/1 Yr ARM 3.59 0.00
Updated: 8/2/10 5:43 PM
Latest Video      
View:All Videos
Licensing Lending
8/2/2010
CNBC's Jane Wells has the new licensing requirement for some but not all lenders.
Talking Numbers: Seasonality & the Markets
8/2/2010
Tracking market performance during August and September, with Chris Johnson, Johnson Research Group CEO/chief investment strategist.
Geithner: Challenge for Financial Industry
8/2/2010
An update on Treasury Secretary Timothy Geithner's comments about banks, with CNBC's Steve Liesman.

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Recent Comments
Phil Dumouchel
on 7/30/2010 - read this comment
Great "value added" piece. Potential refi customer called today with quote from on-line (big name) at 4.125 with 1% - but their fees were nearly 0.25 point extra, so there it is...
Jason Harris
on 7/30/2010 - read this comment
Is the property eligible for Homepath? If so they probably figure they can find a buyer going that route instead of fixing the septic. If not maybe a 203K reno would work?
Mark H
on 7/30/2010 - read this comment
Here is a story on just one of the problems with this real estate mess. I just had Fannie cancel a purchase because they are unwilling to make the necessary repairs to the septic. Can someone please help...
eric lieu
on 7/30/2010 - read this comment
I've seen variants of the good file delivery document and that's not the issue. The real issue is the follow up and enforcement of the good file delivery. That's the hard part. We're in...

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