Monday, November 9, 2009

Homebuyer Tax Credit - extended

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Federal Housing Tax Credit courtesy of NAHB $8,000 First-time Home Buyer Tax Credit at a Glance * The $8,000 tax credit is for first-time ho...
3 comments:
Monday, June 29, 2009

HVCC and Me

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A perspective on the HVCC (Home Valuation Code of Conduct) from loan officer and colleague Randy Sawyer : HVCC has been all around the blog...
1 comment:
Monday, June 8, 2009

<5% Rates Were So Last Month

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We all knew it was coming. Mortgage rates could only stay so low for so long. So why is it such a shock that they've jumped up nearly ...
1 comment:
Wednesday, May 27, 2009

MBS Free Fall

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FNMA 30yr 4.5 Coupon The MBS 4.5 coupon is off nearly 160 basis points from yesterday's close, dropping 100 bps just since 1:30pm. 30yr ...
Thursday, May 21, 2009

WSJ: "Fed Open to Buying More Securities"

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As reported in the Wall Street Journal today, apparently there's talk among some members of the Fed's FOMC regarding the idea of pu...
Monday, May 4, 2009

The Home Valuation Code of Conduct In Full Effect

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The HVCC, or Home Valuation Code of Conduct (link: Fannie Mae FAQs), went into effect on Friday, May 1, 2009. Michael wrote about its immin...
1 comment:
Friday, April 17, 2009

Rates Ease, Pipelines Clog

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In its Primary Market Survey , Freddie Mac reports that 30 year fixed rates eased back down for the week ending April 16.   We slid down t...
Wednesday, April 15, 2009

Second Mortgage Subordination

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As I wrote about last week, 2 nd mortgages are gumming the works for Obama’s Making Home Affordable program.   Second lien holders have t...
Saturday, April 11, 2009

Have We Finally Hit Bottom?

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Not of housing prices.   Not of the economy.   I’m wondering if we have hit bottom on mortgage rates.   Freddie Mac reports that rates ...
Wednesday, April 8, 2009

Dr. Frankenstein plays Van Helsing

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It’s a grand irony American politics often engenders.   Representative Barney Frank, chairman of the House Financial Services Committee he...