The new buzz word in mortgage is a Streamline. As a borrower you have probably seen the ads and have been solicited for a “No Cost Streamline!”. Before you run off and start applying, take time to find out what a Streamline Refinance is and who qualifies to take advantage of a...
Short sales are different than bank-owned/foreclosure/repo homes, and also different than regular resales. They are a strange mix of the two. With a short sale, the owner still technically owns their home, but owes more on their mortgage than what the home is worth. Therefore, in order to sell, they need to...
The first shortest, longest week of the New Year is over.
What an action packed week.
New President
A New Dennis Kozlowski
There was minimal economic news this week, which kept rates rather calm. Although Mortgage Rates and MBS were higher the majority of the week they started trending lower again...
With an early 28bp decline we watched technical’s come into play as MBS ended the day up 12bp staling out at the first level of support. (See Real Time Mortgage Rates) Efficient Market Theory followers would tend to disagree on the technicals. Given I am from the school of Technical’s; I forecast rates...
“I used Turbo Tax” responded Timothy Geithner, “it was me not the software” at his Senate Finance Committee hearing. As Bill Winterberg CFP® Twitter (@BillWinterberg) commented “think one must override TurboTax’s automatic calc of SE tax and SE 1/2 deduction”. My question is why is...
