Residential Appraisal protocols were significantly changed with the implementation of the Home Valuation Code of Conduct (HVCC). Regardless of whether you are seeking an appraisal for a Conventional Loan, a Federal Housing Administration (FHA) Loan, or a Veterans Administration (VA) Loan, our Go
...
05/30/2017
It is no secret that qualifying for a mortgage loan is often more challenging for Borrower's who are Self-Employed. Freddie Mac has just announced a change to how these Business Owners must document their income (and this change is effective immediately):Documentation Requirements -- The number
...
03/07/2017
Just when you thought the recent spike in mortgage rates would stop, we are continuing to get worse! Today is the worst day for mortgage rates in the last 3 months! MBS began with small losses and quickly moved lower. Ironically enough, weekly Jobless Claims rose to 268K above the consensus of 25
...
12/01/2016
This morning, September CPI inflation rose 0.3% from August, matching the consensus, and it was 1.5% higher than a year ago. Core CPI, which includes food & energy, rose 0.1%, below the consensus for an increase of 0.2%. Core CPI was 2.2% higher than a year ago, down from 2.3% last month. NAHB H
...
10/18/2016
Pricing is at its HIGHEST POINT in the last 3 months as of today! The JOLTS report showed 5.44M job openings in August, down from the previous reading. Compared to Tuesday's closing, the market has opened with a 0.125 WORSENING to the Points/Credits associated with any given interest rate option.
...
10/12/2016
This morning, Jobless Claims were just above the consensus, while the Philadelphia Fed Index and Leading Indicators both came in at expectations. No more economic data will be released today.Compared to Wednesday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits ass
...
08/18/2016
What is the difference between Mortgage Pre-Qualification and Mortgage Pre-Approval (and what is a Mortgage Cross-Approval)? These terms get tossed around frequently (and are often used improperly) by Real Estate Agents, Buyers & Sellers. The following explanation has been written in an attempt
...
06/13/2016
This morning, Weekly Jobless Claims fell to 264K, which was below the consensus of 270K. The DOW is currently down about 50 points..Compared to Wednesday's closing, the market has opened with a 0.125 - 0.250 IMPROVEMENT to the Points/Credits associated with any given interest rate option.This d
...
06/09/2016
After gains on Friday, Mortgage Backed Securities have moved a little lower this morning. No economic data will be released today. Federal Chair Yellen will be speaking later this morning.Compared to Wednesday's closing, the market has opened with a 0.125 worsening to the Points/Credits associat
...
06/06/2016
Mortgage Backed Securities are up thus far today after declines yesterday. The European Central Bank (ECB) made no change in policy, as expected. The ECB expects to leave accommodative monetary policy in place for quite a while. In the USA, the ADP estimate for private sector job gains in May w
...
06/02/2016
