Friday, August 24, 2012

BofA to Donate Thousand Homes; USDA in Turmoil Again

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings:
Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Aug 24, 2012 4:50PM

BofA to Donate Thousand Homes to Vets, First Responders

Bank of America has committed to provide 1,000 homes over a three year period to local agencies and non-profit organizations working with injured veterans and first responders . The Bank announced the program today along with the names and information on the two most recent recipients on Friday. The bank said over two dozen homes have already been donated through the program, two in the last few weeks. These homes, one in Tucson, Arizona and the other in San Antonio, Texas were handed over to retired...

Aug 24, 2012 11:53AM

SAFE Act for Depositories and Non-depositories; CMG Halts the HARP; USDA Program in Turmoil Again

As I've gotten older I've developed the unusual ability to stare at something and not see it. I am particularly good at doing this with car keys on a table and then walking out to the car without them - being able to ignore something obvious is a learned trait! I am sure that the CFPB does not want to be accused of missing the obvious, given the large number of public comment periods, and in its latest treatment of mortgage loan originators (MLO's). After all, why should an originator at a depository...


Micro News

1:48 PM:

Low Volume Volatility Leading MBS Weaker. Additional Reprices

11:44 AM:

ECB mulls setting target bands for bond yields: sources

11:22 AM:

New (Old) Horse Enters The Race, MBS Back To Lows

10:57 AM:

Supportive Bounce At Yesterday's Afternoon Lows

10:41 AM:

MBS Hit Lows Of the Morning, Negative Reprice Risk Increasing

9:17 AM:

Reiterating The Importance Of Early September Events

8:59 AM:

Bond Markets Extend Gains After Opening Slightly Stronger

8:46 AM:

ECON: Durable Goods Print Strong Headline, But Weak Internals

Around the Web

Video News

Santelli's Take on Dropping Yields

Liesman Explains the Gold Standard

Santelli's Morning Bond Update


Today's Comments

Victor Burek

"all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt."

Gina Pogol

"Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..."

Ted Rood

"Great that borrowers won't be forced into deliquency to do a short sale, but they'll still face issues getting a new mortgage. This could fix 1..."

Today's Q&A

"How can I get my appraisal money back after the loan approved first and then denied. "

"Out of all of writing capabilities, could there be a person a lot of money-making?"

"Home mortgage for felons"