Garrick Werdmuller's Blog

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Mortgage and Lending - Caliber Home Loans - NMLS# 242952
RECENT BLOG POSTS
08/10/2009
 This is a fairly new product I now have funds for...Perfect for all cash investors.  A Securities Loan allows investors to borrow against their securities portfolio to create liquidity while staying in the market and enjoy the benefits of dual appreciable assets at once. •         Can borrow up ...
08/05/2009
Home prices across the nation improved for in May but remain about 17% lower than one year ago, according to the S&P Case-Shiller Home Price Index. Home prices in May 2009 are at levels last seen in mid-2003, "indicating that the three years of appreciation that occurred from 2003-2006 were all g...
07/28/2009
The shift has changed almost instantaneously here in the Bay Area from a cold and quiet climate to multiple offers, overbidding, and a LOT of buyers writing offers!  According to the SF Chronicle "Bay Area home prices rose month-over-month for the third straight time as sales reached their highes...
07/27/2009
The Home Affordable Refinance Program was designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae or Freddie Mac owned mortgage loan. Unfortunately due to rising unemployment levels and increasing foreclosure rates, demand for housing has weak...
07/06/2009
I read an interesting article yesterday that said nearly half American adults who participated in a recent survey said they no longer believe that home ownership is a realistic way to build wealth, reported by the National Foundation for Credit Counseling. The findings, from a recent survey of ab...
06/23/2009
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  Yesterday will be one of those I will remember in the mortgage industry. We basically went from4.875% to 5.5% in a matter of hours (see my Waterloo Rate alert below).    Today mortgage backed securities (MBS) prices are higher (rates lower), recovering a portion of yesterday's losses, in volati...
05/28/2009
The bubble in the mortgage markets finally and with super hyper speed, blew up today. After holding and holding, while the 10 yr note rate climbed, mortgage rates jumped today to levels not seen in many months. We have been warning the mortgage markets couldn't hold on forever while treasury rate...
05/27/2009
Mortgage backed securities (MBS) prices are higher (rates lower) in quiet range-bound trading as investors await todays Fed purchases of U.S. debt and the 11am pt release of the FOMC minutes from the monetary policy meeting in late April; FNMA 4.0% coupon 100.02bps, +7bps and the high of the sess...
05/20/2009
Mortgage backed securities (MBS) prices fell (rates rose) for the first time in four days as reports show manufacturing contracted less than expected, easing speculation the economic recovery was weakening; FNMA 4.0% coupon 100.14bps, -17bps. The Fed bought debt three times this week, part of an ...
05/15/2009
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Garrick Werdmuller

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