- Loan Types
The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot.Continue Reading... →
Do as I say, Not as I do!
(MarketWatch) Thomas Marano, chief executive officer of Residential Capital, wrote me a letter.
“Dear Homeowner,” it begins. (That’s me, homeowner.)
“As you may have read or heard, Residential Capital LLC recently announced that it and its subsidiaries, [...]Continue Reading... →
When analyzed against a range of economic measures including Growth Domestic Product, there is little argument that the United States is a top country in the world. By comparison, smaller nations such as Europe’s Portugal, Ireland, Italy, Greece, and Spain have much less financial strength.
[...]Continue Reading... →
New York Attorney General Eric Schneiderman is warning state homeowners to beware of phone solicitations from scammers claiming to provide assistance related to the recent national mortgage servicing settlement.
The AG received reports that there are scammers impersonating [...]Continue Reading... →
Virtually every market traded lower yesterday following the Federal Reserve release of the March 13th Minutes. Bonds lead the way with the 10yr US Treasury jumping to over 2.30%, and the Mortgage Backed Security (MBS) yields losing over 70bps yesterday “minutes after the [...]Continue Reading... →
Michael Perry, former CEO and Chairman of IndyMac Bank, is taking to his personal website to defend himself after being hit with lawsuits from the Securities and Exchange Commission (SEC), the Federal Insurance Deposit Corporation, and an unknown but likely large number of private civil cases.
August Core CPI (Consumer Price Index) rises to 2.0%. This increase represents the upper-end of the Fed’s threshold. The Consumer Price Index measures changes in the price level of consumer goods and services and provides a hugely important read on consumer inflation. Inflationary signs, as [...]Continue Reading... →
Mortgage Bonds continue to trade in a volatile fashion, mirroring the volatile news headlines out of Washington. Mortgage Bonds are getting a boost higher on news that a Debt Ceiling contingency plan is being brought forth by the Treasury Department.
Their plan would ensure present holders [...]Continue Reading... →
How would a government shutdown affect the mortgage business and our closings?
In the wake of news stories that the US will face a government shutdown and default on its outstanding loans if a debt ceiling agreement isn’t reached, Approved Funding presents the different [...]Continue Reading... →
Anger is never without a reason, but seldom with a good one.
— Benjamin Franklin
- 2013 Real Estate Outlook by Approved Funding is available!
- What’s Ahead For Mortgage Rates This Week – April 8, 2013
- How my “almost” mortgage client lost $47,682 in less than 15 minutes…
- With Tomorrow’s Job Report Due, Mortgage Rates May Finally Rise
- Pending Home Sales Index Continues To Show Strength
- Mortgage Rates Hit Another Record Low
- New Home Supply Remains Firmly In “Seller’s Market” Territory
- New Home Affordable Refinance Program Lending Guidelines
- New FHFA “G-Fee” Plan Makes Mortgage Rates Rise
- First-Time Homebuyer Education
- NJ Mortgage Assistance Sites
- “Flopping” Can land you in J-A-I-L
- CME increases margin requirements on US Treasury futures
- Wells Fargo (Wachovia) to pay out $67 million in NJ Settlement
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