Tuesday, December 27, 2011

FHA Ant-flip Waiver Extended; Unintended Consequences of G-fee Hike; Tax Deductible MI Ending?; PHH Rumblings

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings:
Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Dec 27, 2011 10:29AM

FHA Ant-flip Waiver Extended; Unintended Consequences of G-fee Hike; Tax Deductible MI Ending?; PHH Rumblings

Saturday night, while you were pleasantly dreaming of presents, the cookies for Santa had a different experience . FHA lenders had reason for cheer and mirth at the end of last week. "In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting FHA Commissioner Carol Galante will extend FHA's temporary waiver of the anti-flipping regulations ." With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned...

Dec 27, 2011 1:09PM

Markets Intently Focused on The Clock and The Door

Over the weeks and months of 2011, MBS and Treasuries have had their attention pulled in many different directions, at times paying careful attention to domestic economic data, European events, and monetary policy decisions rendered by the FOMC. These candidates, in conjunction with tradeflow considerations have been able to account for almost all the market movement this year. But then there are days like today... Well, in fact there haven't been many days like today as they only tend to occur in...


Micro News

1:56 PM:

Obama Announces Fed Board of Governors Nominees

12:06 PM:

MBS Break Into New Highs, Small Potential For Price Improvements

10:07 AM:

ECON: Consumer Confidence Rises to Highest Level Since April

9:14 AM:

Home Prices Fall 1.2% in October According to Latest S&P Case Shiller Index

8:47 AM:

MBS, Treasuries Open Flat Following Last Week's Low Volume Rout

11:09 AM:

MBS Prices Slip-Sliding Away in Low Volume. Possible Forced Reprices

10:12 AM:

New Home Sales Up 1.6% in November

10:00 AM:

Senate Approves Payroll Tax Cut Extension

Around the Web

Video News

Investing in Second Homes

Home Prices Fall in Case-Shiller Report

Americans Buy More Homes in November


Today's Comments

Kent Taylor

"I like this rate range!!"

Frank Ceizyk

"Please stop with this sales pitch" buying a home is an investment. Investments can go both up and down." An 80% increase in home prices from..."

Jason Harris

"Brad...I understand your thoughts and can respect that. I would mention that some folks ultimately view it as a business decision. If taking into consideration..."

Today's Q&A

"Refinancing current home AND locking in rate for new home. Two Banks... Can I get in trouble????"

"Breaking even on selling a home"

"Refinance upside down without hardship"