ARCHIVED BLOG POSTS
2010
Yes Mr/Miss/Mrs Agent, I may need your Social Security number, driver's license, etc so that your buyer/seller can close. This topic was brought up in a post yesterday by Donna Harris The Lender Wants MY Social Security Number... What Do I Have to Do With My Buyer's Loan?. There were many comm...
09/24/2010
Mortgage Bonds could not maintain their momentum from the last few days as economic news has been mixed. After peaking mid-afternoon yesterday, they slipped some prior to the market close. That carried through to today. The initial Claims report came in higher than expected. They rose 12,000 t...
09/23/2010
Before you get too excited, no HUD has NOT lowered the credit score requirements for FHA loans. I have seen several posts written over the last few weeks about the new credit score requirements that go into effect on October 4, 2010. This is true. However, the facts are not clearly stated...
09/23/2010
Wednesday morning saw Mortgage Bonds open trading higher. This follows the gains from Tuesday afternoon's post Fed rally. During the announcement, the Fed stated that it is “prepared to provide additional accommodation if needed to support economic recovery and to return inflation, over time, to...
09/22/2010
Fannie Mae has updated its polices regarding new financing for borrowers with a previous bankruptcy. The waiting period now ranges from 2 years from the discharge date of a Chapter 13 Bankruptcy to 5 years from the discharge or dismissal date for someone with multiple bankruptcy filings. ...
09/21/2010
After Mortgage Bonds rallied yesterday afternoon, the gains continued this morning. This is ahead of the Federal Open Market Committee rate policy decision. It is set to be released at 2:15 pm EST. Analysts anticipate both rates to remain unchanged. It was reported that housing starts rose 1...
09/21/2010
The Mortgage Bond market opened this morning relatively unchanged from Friday's close. Since there are no economic reports scheduled for release today, Mortgage Bonds will take direction from the Stock Market. The Wall Street Journal reports that IBM has announced it intent to buy software comp...
09/20/2010
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Midtown Atlanta is undergoing a makeover. These are all going to be very welcomed changes. The new traffic light at 6th and Peachtree is going to be especially helped. For whatever reason, 6th St was one of the few cross streets of Peachtree that only has a crosswalk. Midtown Atlanta Makeove...
09/20/2010
What is the Secondary Market you ask? In mortgages, the Secondary Market is where bonds and securities are backed by the value of mortgage loans, collateralized and then they are sold on Wall St. These security instruments are also known as Mortgage Backed Securities (MBS). Being packaged as an...
09/19/2010
Buyer's Agents, are you tired of REO Listing Agents not returning your phone calls and e-mails????? If you are, then do you part to help out. Learn more about REO's. REO Listing Agents get tons of phone calls on their listings. In the first few days of a property being listed for sale or the ...
09/18/2010
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