Join Rick Santelli’s Revolution
Posted by yourmortgageplanner on Feb 19, 2009 in Credit Crisis TARP, Financial Awareness, Random/Old BlOgS, Say What? | 0 comments
If you agree with Rick, as I do. It is time to stand up and say...
Mortgage Rates February 18, 2009 – Thats It? This Is Going To Save The Housing Market
Posted by yourmortgageplanner on Feb 18, 2009 in Credit Crisis TARP, Economy, Mortgage Rates | 0 comments
Today Mortgage Rates ended where they started. Prior to Obama’s Foreclosure Plan speech MBS reached their worst, which I am confident, put lenders fingers on the trigger. During the speech the majority of the losses were recouped. Overall we did see a good amount of action in the MBS today, which...
Mortgage Rates February 12, 2009 – Socialism Undercover
Posted by yourmortgageplanner on Feb 12, 2009 in Credit Crisis TARP, Featured Articles, Mortgage Rates | 0 comments
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...
Mortgage Rates January 29, 2009
Posted by yourmortgageplanner on Jan 29, 2009 in Credit Crisis TARP, Featured Articles, Mortgage Rates | 0 comments
What a day in the Mortgage market!
Mortgage Backed Securities (MBS) were taken out behind the woodshed today. The FNMA (30 YR 4.0%) MBS shed -78bp, which is a huge one day move. Lenders were slow to pull the trigger on re-pricing today, by day end I only counted 2 deteriorating market emails from the...
Mortgage Rates January 28, 2009 FOMC Issue
Posted by yourmortgageplanner on Jan 28, 2009 in Credit Crisis TARP, Featured Articles, Financial Awareness, Mortgage Rates, One Step Ahead | 0 comments
“The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability.” (FOMC PR)
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today. It remains within a target range of 0.000-0.250 percent....
Loan Modifications Are A Joke
Posted by yourmortgageplanner on Jan 27, 2009 in Credit Crisis TARP, Financial Awareness, One Step Ahead | 5 comments
Caveat emptor… the majority of Loan Mod companies in existence are not legit. I have not found one that can guarantee or promise a Mod. They have no problem overloading individuals with statistics, such as 97% response rate. Guess what, by calling your lender and talking to a customer service rep,...
