Larry Morris's (larrym) Blog

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Mortgage and Lending - Mortgage Solutions Financial - NMLS #150073
RECENT BLOG POSTS
I just ran across an article that says that some builders are now taking a buyers old home in trade for their new home. Interesting concept. Basically the builder evaluates the home for it's current market price, what it would be worth if fixed up and makes a fair market offer for the buyers home...
06/06/2007
10. "You look great for a woman who has had four kids." 9. "This is almost as good as mom used to make." 8. "Thanks for the new shirt. It'll be great for working on the car." 7. "That's a great new hairdo, Honey. How much did it cost?" 6. "I never knew you could sing that close to pitch." 5. "I l...
06/05/2007
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Here's an oldy but goody. My parents sent this via email. If I could give credit to the origional author I would.  DIRECTIONS  HOMEI really like this one.  Someone spent a lot of time on this... As for me and my house, we will serve the Lord. DIRECTIONS TO OUR FATHER'S HOUSE.Make a Right onto Bel...
05/30/2007
Current Price of FNMA 5.5% Bond:  $97.69 -9 bp on the dayCurrent 30 year fixed rate at par - 6.125%This week's the economic calendar promises to be a tough one with several high-impact reports.Tuesday kicks off the week with Consumer Confidence; Wednesday has the latest FOMC meeting minutes; Thur...
05/29/2007
This was forwarded to me by my brother last year. I can't remember where he got it but it's pretty cool. You can tell how stressed you are by how fast the circles spin. If they stay steady you're handleing things pretty well.I kept this on my desk top and would periodically view it. If things wer...
05/28/2007
You might be closer then you think...or want to believe. The way that you structure Seller Paid Concessions might be considered an attempt to defraud the lender and artificially inflate the value of the property. I'm sure that most of you (us) have had the opportunity to seal the deal by getting ...
05/27/2007
Current Price of FNMA 5.5% Bond:  $97.66  -12bp   This is an improvement from today's lows of -19 bpCurrent 30 year fixed rate at par - 6.125%Mortgage Bonds are taking a beating after a stellar New Home Sales report was released.   New Home Sales were reported at 981,000, which was much stronger ...
05/24/2007
Current Price of FNMA 5.5% Bond:  $97.968 30 Yr Fixed prices at par are now around 6.125%Currently, the Bond Market is getting hammered. We've seen a loss of 22 bps (basis points) today alone. We are in the midst of a reprice for the worst yet again today.However, we could be ripe for a correctio...
05/22/2007
Current Price of FNMA 5.5% Bond:  $98.03, -3bp  Since my warning to lock on May 9th, we have seen a decrease by .84 basis points. This has led to a rate deterioration of about approximately .125% - .25% depending on the lender. Currently, the Bond Market is holding it's own, but there has been a ...
05/21/2007
According to an AP article Insurers try to cut losses in wildfire hotspots, many who live in areas susceptible to wildfire will see increasing premiums and requirements to make their homes more fire-safe."Spooked by devastating wildfire seasons, the nation's top insurers are inspecting homes in h...
05/21/2007
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Larry H Morris

Larry Morris, NMLS 150073
local_phone(503) 476-8767
smartphone(503) 421-0096
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