Thursday, September 2, 2010

Expanding the Pool of Eligible Homeowners: Common Sense Underwriting Needed

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Recently we've been hearing reports of renewed interest in restoring the homebuyer tax credit. While that may seem like a step in the right direction... - Voice of Housing
The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and their... - MND NewsWire
There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this would... - MND NewsWire
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MBS Quotes
FNMA 4.0 103-01 -0-07
FNMA 4.5 104-26 -0-01
FNMA 5.0 105-31 -0-03
FNMA 5.5 106-26 0-00
FNMA 6.0 107-21 0-03
Updated: 9/2/10 4:31 PM
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3 MO 0.1400 0.0100
2 YR 0.5000 0.0000
5 YR 1.4300 0.0200
10 YR 2.6300 0.0500
30 YR 3.7200 0.0700
Updated: 9/2/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.35 0.02
15 Yr FRM 3.76 0.01
FHA 30 Year 4.38 0.01
Jumbo 30 Year 5.55 0.02
5/1 Yr ARM 3.50 0.01
Updated: 9/2/10 5:21 PM
Latest Video      
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Outlook for the U.S. Labor Market
9/2/2010
Sept. 2 (Bloomberg) -- Raymond Stone, chief economist at Stone & McCarthy Research Associates, discusses the outlook for the U.S. labor market and jobless...
Talking Numbers: Economy vs. Market
9/2/2010
What happens to the stock market when the economy slows coming out of a recession? Kevin Pleines, of Birinyi Associates, shares his analysis.
Politics & the Markets, Three Big Questions
9/2/2010
A few questions on how politics are affecting the markets, with Quintin Primo, of Capri Capital Partners.

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Recent Comments
Ray J
on 9/2/2010 - read this comment
I am 100% locked, locked 2 more on Monday, with everything closing in less than 30 days. New loans are coming in as floats as of today.
Stuart Landry - mortgage rates and market data
on 9/2/2010 - read this comment
I hope they start to reconsider 90 day seasoning rules with FHA as well as 12 month seasoning on R/T refis. Investors/rehabbers are gobbling up these foreclosures, fixing them up (nicely, i might add)...
Frank Ceizyk
on 9/2/2010 - read this comment
Wow--at long last, a voice of reason. I pitched this idea (residual income/reserve based lending) to the local government housing powers that be, and it certainly opened up some eyes and ears, in addition...
Gary Powell
on 9/2/2010 - read this comment
Ignore FICOs? Yea, I'll hold my breath and wait for that to happen. Even if that were to happen, who is going to buy these loans in the secondary market? The trend is definitely away from "common...

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