Thursday, October 7, 2010

Foreclosure Fiasco: No End in Sight. Nothing But a Big Mess

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
The first question we are being asked is, "How long will this mess take to sort out? When can I expect to close my loan? What should I do about my rate... - MND NewsWire
I remember clearly, 40 years ago, sitting in the auditorium on the University of North Carolina Law School, listening to the dean tell all the eager young... - Voice of Housing
If the data doesn't match expectations, 10s would move into the low 2.30s% and rebate would improve a few more bps while MBS would lag a continued rally... - MBS Commentary
jeffer90576
FNMA 4.0 103-24 0-12
FNMA 4.5 105-01 0-09
FNMA 5.0 105-27 0-05
FNMA 5.5 106-26 0-07
FNMA 6.0 108-03 0-12
Updated: 10/7/10 4:35 PM
MBS Quotes
3 MO 0.1300 0.0000
2 YR 0.3600 -0.0200
5 YR 1.1400 -0.0200
10 YR 2.4100 0.0000
30 YR 3.7200 0.0500
Updated: 10/7/10 5:40 PM
Treasuries
30 Yr FRM 4.18 -0.02
15 Yr FRM 3.51 -0.04
FHA 30 Year 4.22 -0.05
Jumbo 30 Year 5.36 -0.04
5/1 Yr ARM 3.39 -0.03
Updated: 10/7/10 3:54 PM
Mortgage Rates
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Twenty percent of Americans may lose their homes before the housing crisis is over, according to Amherst Securities. Laurie Goodman, author of the report;...

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Marty Sonke
on 10/7/2010 - read this comment
AQ - I believe as I have said before that the real key to growth going forward is jobs. Making America competitive and taking off the hand cuffs on creativity by creating every incentive possible (i.e...
Gary Powell
on 10/7/2010 - read this comment
The latest that I saw from FHA on seller concessions is that they are re-considering the change and may be more flexible. I think that we may see a range of allowable concessions based on sales price....
Edgar
on 10/6/2010 - read this comment
The Fed doesn't think outside the box until disaster hits. Even then they still have one foot in the box. Going back to 5% mortgage rates will cause deflation as home values would decrease as buyers...
Miami Vice
on 10/6/2010 - read this comment
Shock and awe coming soon! It needs to happen to level all areas of housing in the US. Servicing companies need to close their books before year end. The only way to do that is to trade off the good $...
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