Monday, September 17, 2012

Lending Standards Holding Down Home Sales; Top 10 Signs You've Been Doing Loans Too Long

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Sep 17, 2012 11:39AM

NAR: Lending Standards Holding Down Home Sales, Job Growth

Lawrence Yun, Chief Economist for the National Association of Realtors® (NAR) said Monday that there would be enormous benefits to the nation's economy if mortgage lending standards would return to normal. "Sensible lending standards would permit 500,000 to 700,000 additional home sales in the coming year," he said. "The economic activity created through these additional home sales would add 250,000 to 350,000 jobs in related trades and services almost immediately, and without a cost impact....

Sep 17, 2012 11:57AM

Letters on Servicing Premiums, Title Scam, and the Sacred Mtg Deduction; Top 10 Signs You've Been Doing Loans Too Long

We, including my old college roommate "Slugbreath," find ourselves in "Unmarried and Single Americans Week." The Buckeye Singles Council "National Singles Week" started in Ohio in the 1980's, and apparently didn't include enough other groups (such as single parents, those with partners, and so on) to everyone's liking so now the week, for Census Bureau calculations includes unmarried people include those who were never married, widowed or divorced. Last year they counted 102 million unmarried people...


Micro News

2:04 PM:

MBS Down An Eighth From Rate Sheet Time, Negative Risks Increase

9:40 AM:

Bond Markets Continue Holding Moderate Gains In Low Volume

9:02 AM:

ECON: Empire State Manufacturing Report Shows Ongoing Contraction

3:41 PM:

MBS Leaking Slightly In Late Day Illiquidity

3:06 PM:

Fannie Releases Updates To Refi Plus and DURP, SEL-2012-09

1:48 PM:

Price Stability Continues As Friday Afternoon Volume Kicks In

11:30 AM:

Fight To Hold Ground Resolves In MBS Favor For Now

10:07 AM:

MBS Hit Day's Lows As Stocks Surge, Treasuries Tank, Sentiment Surges

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Today's Comments

Marty Sonke

"Notice how the new liquid financial reserves is for Refi Plus only and not DU Refi Plus. It is frustrating that is is only available for current services..."

Gina Pogol

"I predicted that this would happen over a year ago in one of my columns.Because it's the applicant's cash flow that's important, not "income"..."

John DeLeva

"The private sector would increase participation but not in an era of big goverment. The goverment wants out but won't get out. Who will serve the under..."

Today's Q&A

"is it smart to refinance to save 1.25%"

"Does a 401k qualify as liquid financial reserves for multiple investment mortgages?"

"Can lenders request a Doctors note to establish the length of Social Security Disability claims?"