Thursday, December 8, 2011

Lending to Borrowers with Negative Equity; Mortgage Rates Fall In Line With All Time Lows

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Dec 8, 2011 3:18PM

Mortgage Rates Fall In Line With All Time Lows

When it comes to "all time low" Mortgage Rates , a bit of clarification is in order. Earlier this Fall, especially near the end of September and beginning of October, there were several days where rates, on average, were lower than they are today. But in terms of the actual interest rate that's most likely to be quoted to an ideal-scenario borrower, it was 3.875% then and after a long time stuck at 4%, the most prevalent best-execution rate is once again 3.875%. There are a couple things to keep...

Dec 8, 2011 9:53AM

Lending to Borrowers with Negative Equity: Spotlight on the FHA's Negative Equity Program

If you made a Christmas wreath out of $100 bills would you have Areath-a Franklins? I have been retained by a very well-capitalized mortgage bank to assist in its search for a Senior Regional Operations Manager in Sacramento, CA. It is a national lender with a portfolio lending appetite - company-wide production is in excess of $5 billion through its wholesale, correspondent, retail, and direct lending channels. The ideal candidate will provide "leadership of the continued growth, development, efficiency...


Micro News

2:04 PM:

MBS Hit Two Month Highs as Confidence Evaporates Ahead of EU Summit

12:31 PM:

MBA Urges FHFA to Maintain Current Servicer Compensation Model

12:26 PM:

Fed: Mortgage Debt Fell at Annual Rate of 1.75% in Q3

11:35 AM:

Potential Reprices For The Better as MBS Hit Yesterday's Highs

11:05 AM:

ECON: Wholesale Inventories Post Biggest Rise Since May

10:26 AM:

NAHB: Index Shows Continued Improvement for Apartment and Condominium Market

10:19 AM:

Some Observations on Stock Market Unraveling, TSY Bounce Back

10:09 AM:

MBA: Q3 Profits Higher on Origination Volumes and Secondary Gains

Around the Web

Video News

WSJ Survey: Housing Sector Down Through 2016

Harvey Pitt on Consumer Bureau, Dodd-Frank Law

Obama Confirms Cordray As CFPB Chief


Today's Comments

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..."

Brad Nease

"Rob, my comment is in regards to your comment about: ""To the AE in California who asked for advice regarding their "good client" who's..."

John Tilton

"Thanks for the info, Jason. I'm skeptical because when the program was first announced, they all said they would have it up and running Dec. 1. And..."

Today's Q&A

"Turning an equity loan into the 1st mortgage position"

"Why do the lenders only help borrowers in default, not those PAYING!!"

"where do i report a morgage company"