Tuesday, October 2, 2012

Unintended Consequences - Can Home Loan Rates Go to 0%? (Hint: Nope)

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Oct 2, 2012 10:54AM

Unintended Consequences - Can Home Loan Rates Go to 0%? (Hint: Nope)

Funders and government workers (not the same!) know that next Monday is a holiday for many. October - it has Halloween! Wasn't it just the 4th of July? Halloween dates back to Celtic rituals thousands of years ago, but in 29 days we'll have roughly 41 million children hitting the streets trick-or-treating. That's how many children age 5 to 14 there are in the U.S., per the Census Bureau. (Apparently when they reach the age of 15, kids are handed a carton of eggs or several rolls of toilet paper....

Oct 2, 2012 1:25PM

Monitor Reminds Servicers of Today's Deadline for Compliance with Settlement Standards

The monitor in charge of the $25 billion National Mortgage Settlement reminded the five participating servicers as well as the public that today marks the deadline for an important settlement component. As of today, the banks are required to be in full compliance with the agreement's 304 servicing standards that guide their interaction with customers. Joseph A. Smith, Jr. , released the following statement. "Today is the 180th day since the entry of the consent judgments comprising the National Mortgage...


Micro News

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

1:13 PM:

MBS At Highs Of The Day, Helped Along By Bernanke, Headlines

1:02 PM:

Fiscal Cliff A Risk To Global Growth, Europe To Tell G7

10:18 AM:

ECON: Construction Spending Weaker Than Expected

10:10 AM:

Markets Move "Risk-On" Following Stronger ISM Numbers

10:03 AM:

ECON: ISM Manufacturing Signals Expansion For 1st Time Since May

Around the Web

Video News

Treasury's Brainard on Outlook for Europe

Bair: I Hope the Taskforce Focuses on Individual Wrongdoers

JPMorgan Lawsuit a `Big Yawn,' Cohan Says


Today's Comments

Robert Kirk

"Now that was the most enlightening thing I have seen in a long time. You can't imagine how many times, and how much time I have spent separating whites..."

Frank Ceizyk

"So the 3.8% is not a sales tax, it is a 3.8% capital gains tax for wealthy people...which, is still a tax, right? A myth generally infers there is no truth..."

Frank Ceizyk

"It is remarkable how little vision there is from the Romney campaign on housing. I didn't vote for the incumbent President, but I can say if the only..."

Today's Q&A

"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"

"I am in bankrupcy and would like to refinance to lower interest rate"