ARCHIVED BLOG POSTS
2010
When working with buyers, it is important to set their expectations accurately and encourage them to prepare for their mortgage needs early. Different types of mortgages have different time lines. Your buyers need to have their tax returns, W2s and asset statements organized and available. FHA...
02/26/2010
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Mortgage backeed securities (MBS) closed up 16 basis points at 101.09 finally closing above difficult resistance offered by the 100 day moving average. If bonds can sustain these levels on Monday, interest rates could improve. Worries about Greece and the currency of the European Union and some...
02/26/2010
Condominiums have always presented a challenge for borrowers looking to utilize FHA loans to attain their new homes. Limits on the percentage of ownership by one entity and on the percentage of properties financed by FHA loans within a condominum complex continue to be bothersome. Now that the ...
02/25/2010
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Mortgaga backed securities (MBS) closed up 22 basis points today at 100.94 having punched through resistance offered by the 25 day moving average (DMA) and coming to rest just 7 basis points below tough resistance at the 100 DMA. Today the bond did manage to exceed the 100 DMA at one point durin...
02/25/2010
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In this period of short sales and arduous underwriting periods some loan can wither on the vine and eventually be withdrawn. When the withdrawn loan is reactivated in 2010, the new Good Faith Estimate must be used along with the new disclosure rules. Without a word to the wise, the borrower cou...
02/24/2010
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Mortgage backed securities (MBS) closed down 6 basis points today at 100.72 just above support offered by the 50 day moving average. A disappointing New Home Sale report started MBS bonds with a jolt this morning and they made a swift run up to resitance at the 100 day moving average and once ag...
02/24/2010
Appraisers are finding challenges securing quality comparative sales in a market strewn with short sales and foreclosures. Similarly to way the way the "Mark to Market" rules prevented banks from valuing their assets in such a way to allow reaonable capitalization levels, these "bargain" sales a...
02/23/2010
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Mortgage backed securities (MBS) closed up 44 basis points today at 100.78 having broken through resistance offered by the 200 and 50 day moving averages. During the day MBS bonds challenged resistance at the 100 day moving average but bounced back downward. The major market mover was a poor re...
02/23/2010
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We all work so hard to generate referrals from a myriad of sources. Now that we have them how do we manage them. Tracking communictaion with our new found clients can be as difficult as finding them in the first place. We communicate by so many different means today, how do we keep track of it...
02/22/2010
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Mortgage backed securrities (MBS) closed up 12 basis points today at 100.34 just 20 basis points below resistance offered by the 200 day moving average at 100.54. Although technical factors offer promise, as previously stated, tomorrow begins the onslaught of the $126 billion of knee buckling Tr...
02/22/2010
