Wednesday, August 10, 2011

Government Seeks Solutions to Foreclosure Glut

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Aug 10, 2011 1:23PM

Government Seeks Solutions to Foreclosure Glut

Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently held by FHA, Fannie Mae and Freddie Mac? Here is your chance to be heard. The Federal Housing Finance Agency (FHFA), the conservator of the two government sponsored enterprises (GSE) in conjunction with the Departments of Treasury and Housing and Urban Development (HUD) are requesting options for selling or otherwise putting the houses into useful service. The three issued...

Aug 10, 2011 12:47PM

Refinance Demand Finally Makes Its Big Move.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending August 5th, 2011. On May 18th, 2011 we wrote: "Right now we're witnessing the beginnings of a mini-refinance boom in the primary mortgage market, but there has been little activity in the secondary market that would indicate increased rate locking by consumers." says MND's Managing Editor Adam Quinones. "However, if conventional 30-year rates reach 4.25%, we'd expect to see a mini-boom...


Micro News

4:38 PM:

Poll: 1 in 3 Chance of QE3, 1 in 4 Chance of Recession

4:34 PM:

Situation In France Helps US Bond Market Today

4:32 PM:

Investors Pull Most Out of Mutual Funds Since March 2009

4:00 PM:

More Economic Data Tomorrow. Last of the Auctions.

2:28 PM:

ECON: TSY Budget Shows Slight Deficit Reductions

2:06 PM:

Pipeline Control Rears It's Head... Ugly and Frustrating...

1:21 PM:

10 Yr Auction Sends a Message. We're Here. Get Used to it.

9:53 AM:

Rental Options Sought On Foreclosed Homes

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Today's Comments

Adam Quinones

"$24bn 10s eaten alive by direct bidders who take huge 31.7% award (vs. 8.6 avg) at 51% hit rate. 4.1bps thru. Indirects and Dealers weak. 10yr yields near..."

Adam Quinones

"Still haven't seen this loan supply from originators in the secondary market. Trickles here and there but nothing of note yet. All this directional..."

tad hensley

"Regarding the statement "...It helps to require everyone in the food chain to share part of the loss, including the loan officer and cost center manager..."

Today's Q&A

Anonymous

"Is it illegal for a bank to sell a loan to another entity without..."

Anonymous

"To calculate my next months interest amount, do I multiply the..."

Anonymous

"Is a mortgage considered a respa document?"

Today's Forum Discussions

Nitin Kakkar

"Couple of days ago my loan agent locked 350k loan on 4.25 for 30yr fixed. We dont have any appraisal yet but last time property was appraised for 450K..."

John Roberts - TN Consumer

"I keep seeing FHA Rates(and APR) showing lower than Conventional Fannie/Freddie for a 30yr FRM. Assuming 780+ credit, 80% LTV, low debt to income, and..."

Nitin Kakkar

"I am wondering if any one can help me with my refinance situation. My House is in South Lake Tahoe (zip code 96150), It was last appraised for 245000 in..."