MORTGAGE LOCK ADVISORY
February 15, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.03.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.47, High: 103.48, Low: 103.29
DJI Stocks currently $12,809.25, Down $-81.21, Change -0.634%
Asian & European Stock Market Indexes Down -1.17%
Nymex Crude Oil Currently $97.62 Down $2.22
Gold 1 Once - Bid: 1,711.70
MORTGAGE NEWS BRIEFS
Housing inventory declines may prove temporary By Jon Prior
Crucial housing market metrics are beginning to look better to start the year, but the recent uptick may only be the result of a delayed foreclosure process.
At the end of January, most metro areas saw prices stabilizing, even picking up in some of the hardest hit areas like Miami and Las Vegas, according to Altos Research.>>Read More Housign Wire
B of A Settles Allegations of Mortgage Fraud for $1B
Bank of America has agreed to pay $1 billion to settle allegations of underwriting and origination mortgage fraud, U.S. Attorney Loretta Lynch said in a recent statement.
» Read More MReport
Mortgage Applications Up 7.5%
Mortgage applications increased 7.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Feb. 3. >>Read More Mortgage Orb
Fixed-Rate Mortgages in U.S. Hover at All-Time Record Lows
by Michael Gerrity
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), while most average mortgage rates inched higher on January's positive employment data, the 30-year fixed remained unchanged and at its all-time record low. One year ago at this time, the 30-year fixed averaged 5.05 percent Read More WPC
FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video
Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video
MORTGAGE LOCK ADVISORY
February 14, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.10.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
The Mortgage Backed Securities (MBS) market way overbought and in this uncertain market the best long term advice is to lock at historic low rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.47, High: 103.48, Low: 103.29
DJI Stocks currently $12,809.25, Down $-81.21, Change -0.634%
Asian & European Stock Market Indexes Down -1.17%
Nymex Crude Oil Currently $97.62 Down $2.22
Gold 1 Once - Bid: 1,711.70
MORTGAGE NEWS BRIEFS
B of A Settles Allegations of Mortgage Fraud for $1B
Bank of America has agreed to pay $1 billion to settle allegations of underwriting and origination mortgage fraud, U.S. Attorney Loretta Lynch said in a recent statement.
» Read More MReport
Mortgage Applications Up 7.5%
Mortgage applications increased 7.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Feb. 3. >>Read More Mortgage Orb
Fixed-Rate Mortgages in U.S. Hover at All-Time Record Lows
by Michael Gerrity
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), while most average mortgage rates inched higher on January's positive employment data, the 30-year fixed remained unchanged and at its all-time record low. One year ago at this time, the 30-year fixed averaged 5.05 percent Read More WPC
FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video
Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video
MORTGAGE LOCK ADVISORY
February 13, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.13.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.47, High: 103.48, Low: 103.29
DJI Stocks currently $12,809.25, Down $-81.21, Change -0.634%
Asian & European Stock Market Indexes Down -1.17%
Nymex Crude Oil Currently $97.62 Down $2.22
Gold 1 Once - Bid: 1,711.70
MORTGAGE NEWS BRIEFS
Fixed-Rate Mortgages in U.S. Hover at All-Time Record Lows
by Michael Gerrity
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), while most average mortgage rates inched higher on January's positive employment data, the 30-year fixed remained unchanged and at its all-time record low. One year ago at this time, the 30-year fixed averaged 5.05 percent Read More WPC
Multistate AG settlement of illegal foreclosure practices
Federal and state officials are preparing to announce a historic settlement, worth up to $39.5 billion and covering nearly all 50 states to resolve allegations that the nation's five largest mortgage servicers engaged in illegal and improper foreclosure practices, the Financial Times reports, sourcing people with knowledge of the matter. Read More Housing Wire
A Family and a Hit Man Receive Hefty Sentences for Mortgage Fraud
A federal court sentenced three family members to prison Monday for their role in $11 million in mortgage fraud, just as another court upped the sentence for a onetime company executive-turned-hit man currently serving time. » Read More MReport
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
By Krista Franks
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. Read More DSNews
FHA 203k Renovation Loans - All You Need To Know
Provide Your Clients With Options - Energy Efficient Mortgages
MORTGAGE LOCK ADVISORY
February 10, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.13.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
The Mortgage Backed Securities (MBS) market way overbought and in this uncertain market the best long term advice is to lock at historic low rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.47, High: 103.48, Low: 103.29
DJI Stocks currently $12,809.25, Down $-81.21, Change -0.634%
Asian & European Stock Market Indexes Down -1.17%
Nymex Crude Oil Currently $97.62 Down $2.22
Gold 1 Once - Bid: 1,711.70
MORTGAGE NEWS BRIEFS
Fixed-Rate Mortgages in U.S. Hover at All-Time Record Lows
by Michael Gerrity
Based on Freddie Mac's latest Primary Mortgage Market Survey (PMMS), while most average mortgage rates inched higher on January's positive employment data, the 30-year fixed remained unchanged and at its all-time record low. One year ago at this time, the 30-year fixed averaged 5.05 percent Read More WPC
Multistate AG settlement of illegal foreclosure practices
Federal and state officials are preparing to announce a historic settlement, worth up to $39.5 billion and covering nearly all 50 states to resolve allegations that the nation's five largest mortgage servicers engaged in illegal and improper foreclosure practices, the Financial Times reports, sourcing people with knowledge of the matter. Read More Housing Wire
A Family and a Hit Man Receive Hefty Sentences for Mortgage Fraud
A federal court sentenced three family members to prison Monday for their role in $11 million in mortgage fraud, just as another court upped the sentence for a onetime company executive-turned-hit man currently serving time. » Read More MReport
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
By Krista Franks
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. Read More DSNews
FHA 203k Renovation Loans - All You Need To Know
Provide Your Clients With Options - Energy Efficient Mortgages
MORTGAGE LOCK ADVISORY
February 9, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 8 days: LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are up 09. If you have an unlocked loan closing in the next seven days, today would be a good day to lock.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
The Mortgage Backed Securities (MBS) market way overbought and in this uncertain market the best long term advice is to lock at historic low rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.75, High: 103.94, Low: 103.72
DJI Stocks currently $12,908.70, Up $24.75, Change 0.192%
Asian & European Stock Market Indexes Up 0.352%
Nymex Crude Oil Currently $99.92 Up $1.21
Gold 1 Once - Bid: 1,749.30
MORTGAGE NEWS BRIEFS
Multistate AG settlement of illegal foreclosure practices
Federal and state officials are preparing to announce a historic settlement, worth up to $39.5 billion and covering nearly all 50 states to resolve allegations that the nation's five largest mortgage servicers engaged in illegal and improper foreclosure practices, the Financial Times reports, sourcing people with knowledge of the matter. Read More Housing Wire
Knowledge of Unreported Fraud is Fraud
Rule Requires Nonbank Lenders, Originators to Report Fraud
By: Ryan Schuette
A financial fraud task force cleared a final rule Tuesday that requires nonbank mortgage lenders and originators to report suspicious activity related to mortgage fraud. Read More MReport
A Family and a Hit Man Receive Hefty Sentences for Mortgage Fraud
A federal court sentenced three family members to prison Monday for their role in $11 million in mortgage fraud, just as another court upped the sentence for a onetime company executive-turned-hit man currently serving time. » Read More MReport
The Top 30 Brokers in CA by Number Employed: 2011 First Tuesday
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
By Krista Franks
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. Read More DSNews
When Politics trumps common Sense. Who Will Work for Peanuts?
Senators Introduce Bill to Pay GSE Execs Federal Salaries
Ryan Schuette
Lawmakers from both sides of the aisle introduced legislation Thursday to curb multibillion-dollar bonuses for senior-level executives with Fannie Mae and Freddie Mac. Read More MReport
Presidential Campaign Tactics or Something Real?
Obama Unveils New Refi Plan, Homeowner 'Bill of Rights'
The Obama administration rolled out an ambitious package of benefits and structural changes Wednesday for homeowners who want to refinance their loans. The plan would cost anywhere from $5 billion to $10 billion and pay for itself with fees exacted from financial institutions. If it makes it into law, the bill would significantly expand refinancing opportunities for underwater borrowers, shift appraisal responsibilities in distressed neighborhoods to an automated system under the GSEs, and offer new servicing reforms. » Read More MReport
FHA 203k Renovation Loans - All You Need To Know
Provide More Client Options with Energy Efficient Mortgages
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Make Experience Your Advantage. Bill has closed thousands of home loans since 1970 as a FHA and VA Specialist. Bill's mortgage classes have taught lending to hundreds of loan officers and Realtors.
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