Mortgage Professionals Debate the State of Real Estate Lending

Geordie Romer‘s most recent post “Mortgage Roundtable – Part I” brings together the TOP Echelon of Mortgage Planners, Professionals and Bloggers to Debate the State of Real Estate Lending.   Geordie’s Post offers an inside look at how 5 Mortgage Professionals see the world of Mortgage...

Mortgage Rate Week End Wrap February 13, 2009

The week started out in a positive manner with rates improving both Monday and Tuesday, only to stall out on Wednesday and give back the majority of the gains Thursday and Friday. Mortgage Backed Securities ended the week with only a slight 3bp gain over last week. Friday we saw MBS give up -28bp (FNMA 30...

Mortgage Rates February 12, 2009 – Socialism Undercover

Mortgage Backed Securities reacted negatively to the days new of socialism, by giving up 19bp (30 YR 4.5% FNMA).  Lenders released a mid day price increase which hit both FHA and confirming mortgage rates.  Once the Subsidy chatter hit the wires, the DOW recouped its losses, while MBS gave up there...

Fannie Mae Rolls-Back Investor 4 Property Limit

Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however. Homeowners buying a 5th,...

Mortgage Rates February 11, 2009 – Hard Eight

After two solid days of gains MBS took a breather, with the FNMA 30 YR 4.5% ending where it started.  Mortgage Rates both FHA and Conforming did show improvement when released this morning, after lenders accepted the fact the past two days improvements were solidified. The House Financial Services...