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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2010 

Mortgage backed securities (MBS) closed down 22 basis points today at 101.19 surpisingly closing 21 basis points above the 100 day moving average once again.  As I mentioned yesterday, the market had already built in pricing based on a bad jobs number.  When lost jobs came it at "only" 36,000, MB...
03/05/2010
It is our practice in Connecticut to offer a landlord a credit report for a perspective tenant to evaluate her history of paying bills on time.  What happens if the credit history is poor.  In some instances a tenant may offer to prepay for a year.  Although the landlord is prohibited from paying...
03/04/2010
Mortgage backed securities (MBS) closed up 22 basis points today at 101.41, a full 43 basis points above the 100 day moving average and just below resistance at 101.46.  MBS bonds were tossed about early in the session in reaction to improved productivity and then buoyed by a large decrease in Pe...
03/04/2010
In the old days, maybe a year and half ago or so, a buyer with only 10% to put down on a house could do an 80/10//10.  Utilizing an 80% first mortgage with an interest only 10% second mortgage was a common practice.  When lenders stopped offering them, however, the game changed and pmi (private m...
03/03/2010
Mortgage backed securities (MBS) closed up 12 basis points today at 101.19 remaining above support offered by the 100 day moving average at 100.99.  Stocks started out the morning in positive territorry keeping MBS bonds down.  As stocks drifted lower in the afternoon, however, bonds realized the...
03/03/2010
A mortgage originator has many tools at his hands in order to evaluate a prospective buyer's eiligiblity to qualify for a particular loan.  Perhaps the most useful tool is the software.  Ellie Mae makes several versions the most comprehensive of which is called Encompass.  The software allows an ...
03/02/2010
Mortgage backed securities (MBS) closed even today at 101.06.  During the day the MBS bond trickled down to the 25 day moving average then bounced nicely off that level of support and managed to close just above the all important 100 day moving average.  There was no economic reporting today, so ...
03/02/2010
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