Common Sense Not Found in Automated Underwriting Engines

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Home Today's Headlines ATW Forums Q&A Mortgage Rates   Top Stories       Common Sense Not Found in Automated Underwriting Engines By returning to a common sense approach to underwriting, proper use of the collected data, implementing easy individual loan identification and discarding... - Voice of Housing Administration Challenges Students to Build Financial Knowledge Base The Obama Administration is encouraging high school educators to start off the school year by enrolling in the second annual National Financial Capability... - MND NewsWire Mortgage Bankers Improved Profitability as Production Picked Up in Q2 Independent mortgage bankers and bank subsidiaries saw their production volume and production income rise significantly during the second quarter of 2010... - MND NewsWire Lenders Pass Along Rebate. Waiting... - MBS Commentary BofA's $20 Billion Buyback Issue;... - Pipeline Press Mortgage Rates Recover from Recent... - Mortgage Rate Watch MBS Lag Benchmarks But Extend Recovery... - MBS Commentary Treasury Identifies Confusion... - MND NewsWire USDA Rural Development System Upgrade... - MND NewsWire Responding to Lender Buyback Demands with Loss Mitigation Procedures The Week Ahead: Retail Sales, Industrial... - MBS Commentary »View more top stories jeffer90576 Profile View Edit Member Toolbox -MBS/Treasury Quotes -Mortgage Rates -Write an Article -Mobile MND -News / Rate Widgets -Manage Email Alerts -Update Profile -Not a Premium Member Yet? Upgrade Here. MBS Quotes FNMA 4.0 102-29 0-13 FNMA 4.5 104-14 0-06 FNMA 5.0 105-22 0-05 FNMA 5.5 106-16 0-01 FNMA 6.0 107-16 0-02 Updated: 9/14/10 4:34 PM Treasuries 3 MO 0.1500 0.0131 2 YR 0.5000 -0.0273 5 YR 1.4300 -0.0857 10 YR 2.6800 -0.0680 30 YR 3.7900 -0.0583 Updated: 9/14/10 5:50 PM Mortgage Rates 30 Yr FRM 4.37 -0.04 15 Yr FRM 3.78 -0.03 FHA 30 Year 4.39 -0.05 Jumbo 30 Year 5.55 -0.03 5/1 Yr ARM 3.53 -0.02 Updated: 9/14/10 7:18 PM Latest Video       View:All Videos Talking Numbers: Consumer Comeback? 9/14/2010 Signs of a consumer comeback might be exaggerated, Michelle Meyer, senior US economist at BofA Merrill Lynch Global Research, tells CNBC. Evans Discusses Veterans Agency Deal With Prudential: Video 9/14/2010 Sept. 14 (Bloomberg) -- Bloomberg Markets magazine's David Evans talks about an agreement between the U.S. Department of Veterans Affairs and Prudential... The Real Deal Stimulus 9/14/2010 President Obama's small business initiative passed the Senate GOP filibuster Tuesday, but a new report put out by the Business Roundtable suggests... Around The Web       REITS on a Roll Economists React: Consumers Buying 'When Necessary' A Tale Of Home Prices Told Through The Cover Pages Of TIME Magazine Goldman: Fed May Announce New Asset Purchases in November Secondary Sources: Mortgage Deduction, Unemployment, Lost Generation Changing Perceptions on Economics and Politics Safe Rooms as the New 'Must Have' Commercial Property REITs Rebound in Troubled Market Wanted: A Unified Message in Support of Affordable Housing Centerpiece: Meet Mortgage Mediation »View All Recent Articles JOIN THE CONVERSATION Recent Comments JTB on 9/14/2010 - read this comment AQ--Do you think 7-10 years is long enough? I mean, home values, IMO, aren't going to be going up any time soon, and if they do--expect very low appreciation. Beyond the lack of appreciation, they're... Larry Gray on 9/14/2010 - read this comment It is hard to believe we were sweating out the 10 yr. going past 3.99% not long after 4.5% 30 yr fixed at PAR more than a year ago. Now, we hold our collective breaths as we could go past 2.80%! I try... Jim Begley on 9/14/2010 - read this comment I saw this news item and wonder what, if any, impact it could have on pricing: (Reuters) - Barclays Capital said late Monday will make changes to the model that predicts prepayment on the fixed-rate loans... Owl Tree on 9/14/2010 - read this comment August Retail Sales = Back to School. Questions Is my credit affected if i co-sign on a mortgage for my children... I'm interested in buying new construction but they won't... After I have received a notice of acceleration of mortgage -... Are you allowed to get your items AFTER your home has been foreclosed... Answers How to you qualify for a short sale? I want to refi and take out $10,000 to remodel. Is it better... How does the First Look Program from FHA work? Will a Section 8 house next to me cause my house to lose value... Forum Discussions Amount Financed on No Cost Loan Getting an FHA Loan with a 600 Credit Score Manufactured Homes House in Puerto Rico Foreclosure Received a Letter that Home is Being Auctioned Loan Scenarios Post | View All   State Date Amount Loan Type SC 9/10/2010 89,000.00 Purchase SC 9/10/2010 89,000.00 Purchase CA 9/7/2010 120,000.00 Purchase NJ 9/5/2010 1,400,000.00 Purchase MD 9/3/2010 712,000.00 Refinance (Rate and Term) CA 9/1/2010 520,000.00 Refinance (Rate and Term) Mortgage News Daily

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