Tag Archives: federal reserve

Mortgage Lending Getting a Little Easier

Posted ago by Cary Cox

ShareWe are starting to see mortgage bank-statement programs again and also a stated-income mortgage loan program is now available. Both of these programs are for the self-employed borrower only. The mortgage rates on these types of programs come with slightly …

Mortgage Rates & Mortgage Market Info 05/08/2014

Posted ago by Cary Cox

ShareThe bond markets including the mortgage bond markets or mortgage backed securities market is casting doubt on the economic reocery. Typically in a recovery you have rising interest rates which lead to higher mortgage rates, but that has not been …

Mortgage Banking to Face Difficult Year

Posted ago by Cary Cox

ShareMortgage rates spiked last year and that has crushed the housing recovery. That in turn will put a lot of pressure and most likely layoffs in the mortgage industry on-top of those that happened last year. Here is a great …

More Mortgage Regulation This Time Appraisal Mgmt Companies

Posted ago by Cary Cox

ShareA few years back regulators crushed the appraiser that had spent years developing working relationships with mortgage brokers when they implemented the Appraisal Management Company in which all mortgage originators must order their appraisals. Instead of putting the Too Big …

Mortgage News Update 03/06/2014

Posted ago by Cary Cox

ShareLots of world events happening that are effecting mortgage rates. In addition there are several items in the domestic economy that are causing lots of volatility in mortgage rates. In this post we like to share some mortgage news as …

Mortgage Rates, Tapering, & The Real Estate Market

Posted ago by Cary Cox

ShareHere is a great piece from our partner Barry Habib at MBS Highway. MBS which stands for mortgage backed securities is the market we watch to which way mortgage rates are trending. Barry provides real-time quotes and advide on whether …

Today’s Mortgage News

Posted ago by Cary Cox

ShareLot’s of great information sent to us from our lending partner at NYCB: Last week was a busy news week. That news created big moves in the market. However, the net change for the week was almost nil. The big …

Houston Mortgage News

Posted ago by Cary Cox

ShareEaster weekend has passed and only two short months until the school year ends, that can only mean one thing – It’s home-buying season! From now until Labor Day the words that we will hear over and over, “What kind of mortgage …

Always Read the Revised Numbers!

Posted ago by Cary Cox

ShareThere is a great article from Zillow that shows why you should alway look at the revised numbers and not rely on the “Headline Number” that is purely an estimate. We’ve been saying for almost a year on this mortgage …

FOMC & Mortgage Rates

Posted ago by Cary Cox

ShareThe FOMC met today and for whatever reason the bond market loved it at first glance. Mortgage-Backed Securities are now trading +64 Basis Points on the day. Correcting a short-term down-trend which had led to higher mortgage rates over the …