Wednesday, July 6, 2011

Industry Wants Better Explanation on Loan Disclosure Reform

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Jul 6, 2011 4:41PM

Industry Wants Better Explanation on Loan Disclosure Reform

Last week, as reported here the new Consumer Financial Protection Bureau (CFPB) released a second version of prototype documents designed to integrate disclosure forms mandated by the Real Estate Settlement and Procedures Act (RESPA) and the Truth in Lending Act (TILA). Consolidation of the two forms has long been sought by the lending community and is mandated by the Dodd-Frank Wall Street Reform Act. Comments on the revised prototypes were due by July 5. On that date the Mortgage Bankers Association...

Jul 6, 2011 1:24PM

Rate Techs: MBS Stuck in the Middle. Traders Stay Nimble

What is Fibonacci retracement? Where do the ratios come from? Why do they matter? FROM : Investopedia FAQs Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. However, Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. In technical analysis, Fibonacci retracement is created by taking two...


Micro News

3:46 PM:

HUD and Louisiana Make "Road Home" Less Bumpy

1:41 PM:

An Ideological View of "Stuck in the Middle"

12:13 PM:

Reprices for Worse Possible as MBS Go Red

10:07 AM:

ECON: ISM Non-Manufacturing Index Falls 1.3 Points to 53.3.

9:43 AM:

Percent of Investors with Long Positions Falls to Zero.

9:27 AM:

Sellers Brace for New Mortgage Caps

9:18 AM:

ECON: Planned Job Cuts +11.6% in June

8:49 AM:

ECON: Mortgage Apps Down as Rates Spike

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Today's Comments

Adam Quinones

"MBS underperformed benchmarks today on a general lack of buying interest and profit taking on relative value trades. This focused weakness came regardless..."

Aaron Buyside Meyer

"Thanks Adam, this post was clear, concise and informative! Every lender should print this out and keep it beside their bed at night!"

John S

"No. Housing has not bottomed. Until the chain of title issues are resolved, and foreclosures past/present/future can be completed with clean title insurance..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

Jason Wayne

"Was wondering if anybody is currently using these marketing avenues. If so any feedback on company's that are handling this for you and the success..."

BRENT HARDMONEYMAN

"Florida No 1 Private and Hard Money Lender ltvs to 50% Rates from 10% to 12.99% Make sense underwriting Loans from 30k to 5 million. Seeking free and clear..."

Romano

"Anyone know of a lender that can do vacant land loan in WI?"