Thursday, September 1, 2011

Mortgage Rates: High Risk Event Tomorrow

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Sep 1, 2011 5:54PM

Mortgage Rates: High Risk Event Tomorrow

After a scary morning threatened to send Mortgage Rates even higher, things turned around in the Secondary Mortgage Market. Although there wasn't enough of an improvement to see a solid drop in BestExecution rates, the closing costs involved in obtaining those rates are slightly lower this afternoon. Long story short, if you're not locked up already, you're probably at the whim of tomorrow's potential big market mover: The Employment Situation Report. CURRENT MARKET *: The BestExecution 30-year fixed...

Sep 1, 2011 3:30PM

Treasury Penalizes Two Servicers, Incentives Withheld

The Departments of Treasury and Housing and Urban Development (HUD) released the August edition of their Housing Scorecard on Friday which painted a picture of slowly increasing home prices and decreasing foreclosures while delinquencies increased. The Scorecard, issued jointly by the Departments of Treasury and Housing and Urban Development (HUD) is largely a recap of data released by other sources such as the Census Bureau, S&P Case-Schiller, RealtyTrac and the National Association of Realtors...


Micro News

5:24 PM:

Jobs Report Stands Alone Tomorrow.

2:02 PM:

Fed Issues Enforcement Action Against Goldman Sachs

1:47 PM:

NMLS: Texas - SML Adds Residential Mortgage Loan Servicer Registration

1:44 PM:

Fed: Elizabeth Duke Speech - "Rebalancing the Housing Market"

1:19 PM:

FHFA: Fannie and Freddie Foreclosure Prevention Actions Down in Second Quarter

11:27 AM:

Rallying Back to Highs of the Day as Stocks go Red

10:19 AM:

ECON: Construction Spending Falls 1.3 Percent

10:18 AM:

ECON: ISM Ticks Down Slightly, but Beats Expectations

Around the Web

Video News

Midday Realty Check

Attali Says Bank Nationalization May Need Consideration

Jobless Claims Seekers Still Above 400,000


Today's Comments

David Zilkha

"Well said Ken. There may have been suboridnation issues early on. But i have not had a problem with any ext sub in the last few years and have done hundreds..."

Ken Crute

"HARP or a HARP like product really needs to be opened to performing non-agency loans, as mentioned. well qualfied borrowers that cannot refinance due to..."

Anonymous

"As long as we're brainstorming here, let's make all MI transferrable to a new HARP servicer as an incentive for servicers to actually, well, service..."

Today's Q&A

Anonymous

"Who can I talk to about a property that has gone back to the..."

Anonymous

"I have a Seperation Agreement form signed by myself and my ex..."

Anonymous

"I am interested in buying a home that was listed a few years..."