Wednesday, October 3, 2012

What's in a Credit Score? More than You Might Think, and It's Constantly Changing

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Oct 3, 2012 4:47PM

What's in a Credit Score? More than You Might Think, and It's Constantly Changing

Editor's note : DataQuick®, a provider of advanced real estate information solutions recently announced that Gordon Crawford, Ph.D. had joined their firm as vice president of Analytics. MND doesn't normally note such appointments, but it caught our eye that Crawford who until recently was vice president of Mortgage Research a t Fannie Mae, is an expert on credit scoring performance models and spoke about that topic at a recent Mortgage Bankers Association Risk Conference. He was kind enough speak...

Oct 3, 2012 12:25PM

Mortgages Being Paid Off At Fastest Pace Since 2005

Mortgages were prepaid at a higher rate in August than at any time since 2005 according to the August Mortgage Monitor report issued by Lender Processing Services (LPS) on Wednesday. Prepayments are usually an indicator of home refinancing and the prepayments in August were higher even than those seen in the " mini-refinance waves " of both 2009 and 2010. LPS Applied Analytics Senior Vice President Herb Blecher said that the impact of the prepayment increase has been both pronounced and broad based...


Micro News

1:12 PM:

Ongoing Negative Reprice Risk

11:29 AM:

MBS At Session Lows, Slightly Increasing Negative Reprice Risk

10:07 AM:

ECON: ISM Non-Manufacturing Better-Than-Expected, But Employment Declines

9:35 AM:

Bond Markets Weakening Slightly Into Domestic Hours

8:28 AM:

ECON: ADP Private Payrolls Higher Than Expected, Previous Month Revised Lower

4:13 PM:

Fannie Mae Selling Guide Updates (SEL-2012-10)

2:43 PM:

Low Volume Grind To Day's Best Levels. Positive Reprices Reported

9:25 AM:

MBS Turn Green On Data-Free Morning, Treasuries Slighty Weaker

Around the Web

Video News

Home Refi Boom

Santelli's Midday Bond Report

Santelli's Morning Bond Update


Today's Comments

Matthew Graham

"From Thomson Reuters. You can request more information about that at the "LEARN MORE" link at the top of the screen in the "SECONDARY MARKETING..."

number76

"Where would I be able to find the live data for the blue line (MBS Yield) in the graph above?"

Randy Chambers

"RE: "Yes, that's right - one part of the government issues them, and another part buys them". Ludicrous is right, especially when we taxpayers..."

Today's Q&A

"Seller's Concession and PMI"

"Assuming a VA mortgage -- can the buyer purchase the property as a vacation home"

"They say there are no comp sales for me to get fixed rate"