Black Friday Facts

The day after Thanksgiving is a busy shopping day nationwide and, this year, analysts are paying extra attention to sales figures. Dubbed “Black Friday” in reference to red ink representing loss and black ink representing gain, today’s start to the Holiday Shopping season is believed to...

Mumbai, India Attacks

Economic counselors feel this is an attack on the economy of India in an attempt to scare off Western investors.  The main objective to destabilize the economy and send ripples throughout the Western World. Current live resources: IBNLive Flicker List of Indian Bloggers Live-Blogging the Mumbai Terror...

Will The Rate Drop Copy Cat The Rate Cut Of January 2008

Like everything else on Wall Street, mortgage markets are based on supply and demand.  When demand outweighs supply, mortgage rates fall. So, Tuesday, when the government unexpectedly announced a $600 billion budget for buying mortgage debt from Fannie Mae and Freddie Mac, the demand side of the mortgage...

Transparency in Lending – The Art of Lock Renegotiation

After reading multitude of Tweets and Blogs about the historic drop in Mortgage Rates yesterday 11/26/08. I asked myself how many of these Loan Officers (LO) are looking out for their current clients and upholding their Fiduciary duty (Big Word for a good amount of mortgage types). Did your LO call you to...

Mortgage Rates November 25, 2008

What a day! The Treasury Secretary announced a major infusion of capital into the consumer market and introduced the public to TALF.  Mortgage Securities appreciated the injection and in return we saw rates drop across the board.  This could be the first leg in the credit thaw.  The TALF announcement...

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