Friday, September 10, 2010

Treasury Identifies Confusion in IRS Handling of Homebuyer Tax Credits

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The Treasury Inspector General for Tax Administration (TIGTA) has completed a study of IRS management of the evolving series of tax credits that were... - MND NewsWire
The large bank owned aggregators have "well oiled" processes that put much of the responsibility on mortgage bankers for any loan level issues that might... - The Garrett Watts Report
All of the recent reporting begs the question, as a matter of public policy, whether maintaining Fannie Mae and Freddie Mac as instruments of public policy... - Voice of Housing
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FNMA 4.0 102-04 -0-16
FNMA 4.5 103-27 -0-15
FNMA 5.0 105-05 -0-13
FNMA 5.5 106-08 -0-08
FNMA 6.0 107-10 -0-05
Updated: 9/10/10 4:52 PM
MBS Quotes
3 MO 0.1400 0.0000
2 YR 0.5800 0.0100
5 YR 1.5900 0.0200
10 YR 2.8100 0.0400
30 YR 3.8800 0.0400
Updated: 9/10/10 5:40 PM
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30 Yr FRM 4.44 0.02
15 Yr FRM 3.85 0.03
FHA 30 Year 4.46 0.03
Jumbo 30 Year 5.59 0.03
5/1 Yr ARM 3.58 0.04
Updated: 9/10/10 4:01 PM
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President Obama is opening the door for talk on extending the Bush tax cuts, with Joseph LaVorgna, Deutsche Bank, and Stuart Hoffman, PNC Financial Services...
Waiting on Warren
9/10/2010
Obama will make an official CFPA announcement soon, with CNBC's Eamon Javers.
President Obama On Economy
9/10/2010
President Obama outlines his economic agenda.

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Adam Quinones
on 9/10/2010 - read this comment
I apologize for startling you, but it is very important that everyone read the last paragraph...the next major alert will be legit.
Kent Taylor
on 9/10/2010 - read this comment
I think a rate jump based on a 'less bad' economy preception can't be long-lasting. As AQ said, thin trade volume this week seems to have exagerated the move. I wonder too if the jobless claims...
Edgar
on 9/10/2010 - read this comment
I'm no expert but I think floating at the bottom of the range is fine. May take a couple of days/week to recover but I think the risks are minimal.
Edgar
on 9/10/2010 - read this comment
So how many still think uw guidelines will not get tighter over the next year or two? DTIs will go lower, down payments will go up and overall it will be harder to obtain a loan this time next year. As...
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