People who are interested in buying a land usually want to know how they could get a mortgage loan for financing that piece of land. Just like a home loan, there are similar formalities that need to be done before getting such a loan. Usually before taking out a mortgage loan for purchasing a house, … [Read more...]
Bond Markets Remain in Weaker Territory Following Bernanke Testimony
February 29, 2012 by
Posted To: MBS Commentary ( MBS Live ) - 1:51 PM - For all the apparent drama on the short term charts, today's sell-off in bond markets is rather orderly in broader contexts. Read the article: Bond Markets Remain in Weaker Territory Following Bernanke Testimony … [Read more...]
HARP Shows Pull Even While Refi Applications Dip: MBA
February 29, 2012 by
The refinance share of mortgage applications broke with several weeks of activity by falling below 80 percent last week, even while more borrowers took advantage of the expanded Home Affordable Refinance Program. See original article: HARP Shows Pull Even While Refi Applications Dip: MBA … [Read more...]
REMN Adds Lisa Marra as Area Renovation Sales Manager
February 29, 2012 by
Real Estate Mortgage Network Inc. (REMN) has welcomed Lisa Marra to their growing Columbia, Md View original post here: REMN Adds Lisa Marra as Area Renovation Sales Manager … [Read more...]
GDP Marches to 3% in Q4, Beating Forecasts
February 29, 2012 by
Real GDP – the output of goods and services produced by labor and property located in the United States – increased at an annual rate of 3.0 percent in the fourth quarter of 2011, the Labor Department said Wednesday. In its initial report on fourth quarter GDP, the agency had said the … [Read more...]
Two More MERS Cases Decided
February 29, 2012 by
Posted To: MND NewsWire Two more courts have upheld the validity of mortgage assignments passed through the Mortgage Electronic Registration System (MERS). Continued here: Two More MERS Cases Decided … [Read more...]
Fannie Mae’s Losses Narrow but Treasury Advance Requested
February 29, 2012 by
Posted To: MND NewsWire Fannie Mae is reporting a net loss of $2.4 billion for the fourth quarter of 2011 compared to a net loss of $5.1 billion in the third Quarter. For the entire 2011 year it reports a net loss of $16.9 billion compared to $14.0 billion in 2010. The fourth quarter losses reflect … [Read more...]
Echo Boomers and Home Ownership; Redwood Trust’s Loss; Thoughts on Agency Condo Policies
February 29, 2012 by
Posted To: Pipeline Press Happy Leap Year! If you are a real astronomy nut, check out this youtube video . If you are not, don't bother. Underwriters and LO's rarely raise an eyebrow when I say something like, "Studies find that 43% of households have less than $1,000 in liquid savings and 28% live … [Read more...]