RECENT BLOG POSTS
Mortgage Rate Outlook for the Week Begining 02/14 Tues 830am Retail Sales: This could be a market mover either way. Did the bad month of storms keep consumers away? A jammed packed Wed Housing starts and Producer Price Index at 830am: This will give us a picture of construction for the country an...
02/14/2011
Obama's Housing Plan GSEs and What It Means to Us Background The GSE Purchase Program is a government program that was put in place as a result of the financial crisis of late 2008. This program was designed to give the strained mortgage market some breathing room in the form of more liquidity in...
02/12/2011
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This week saw had a lot of mortgage market specific talking points Obama's Housing Plan which I will outline tomorrow morning. Lots of info to share here A very successful 10yr treasury auction Wed afternoon which stopped rates from pushing beyond their 10 month high A drop in mortgage applicat...
02/11/2011
New Mortgage Broker Compensation is Set for April 1st..... Here is an example of how the governement has decided will be the best way to compensate mortgage brokers. Talk about a mess. Background: With the Federal Reserve Board amending Section 226.36 of Regulation Z and regulating originator com...
02/09/2011
Rate forecast for the week starting February 7th.... Last week was a wild week for rates, from Friday to Friday we had a huge move up on the heels of some stronger economic data, and the fears about the Egyptian political unrest dying down. The market also shrugged off a pretty poor jobs repor...
02/07/2011
This week will change the mortgage industry for good and it's very important that everyone involved in the mortgage transaction process know why. We are all going to have to work together to explain these changes to our clients. As most of us know the past few years in the mortgage world have b...
02/04/2011
Some Positive Signs of Spring in a Cold Winter Market???? The weekly Wed. mortgage application report had some positive news today. It showed a nice move up in activity following the MLK holiday week. The numbers read like this. Refinance Applications Rose: 11.7% Purchase Applications Rose: 9.5% ...
02/02/2011
Homeownership rate hits a 10yr low.....Today The Census Bureau released its survey of residential vacancies and homeownership for the fourth quarter of 2010. Every quarter the census bureau releases it's backward looking report to give us some information on homeownership in the country and how i...
01/31/2011
Egypts Troubles Could Be Good For Mortgage Rates... Egypts Troubles Could Be Good For Mortgage Rates... It was almost about a year ago when the European debt crisis fears started to creep into the US stock market pushing rates down. What happens is that when there is fear in the market risk tradi...
01/29/2011
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The foreclosure process is stuck in the mud and getting slower, and you didn't think that was possible. I have been reading some interesting studies the last couple of weeks trying to weed through the bias opinions and non-sense data in hopes to come up with some real facts behind the slow forec...
01/27/2011
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John Saari
"The Mortgage Buddy"
Real Estate Resources
I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level.
Education = Confidence