| Sep 19, 2012 11:29AM The time needed to close a mortgage loan has increased by almost 25 percent over the last year, from an average of 40 days to 49 and it was refinances that drove the change. According to the Ellie Mae Origination Insight Report for August released this morning, the time needed to close a loan for purchase increased from 43 days in August 2011 to 47 days in August 2012 while during the same period the average time required to close a refinancing increased by two full weeks to 51 days. Sixty-one percent... Sep 19, 2012 11:27AM "Rob , how the heck are we supposed to know what any financial asset is worth? For many years the government has given farm subsidies, sugar cane subsidies, soybean or corn subsidies - and now the agency MBS subsidy . And now we have one 'arm' of the government increasing agency gfees by roughly .5 in price, hurting agency borrowers, and another 'arm' of the government saying it will buy a total of $60-70 billion a month of agency mortgage backed securities, helping agency borrowers. With last Thursday...
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