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Mortgage and Lending - BK 0904164 NMLS 6274
RECENT BLOG POSTS
While there was a great deal of intra-day volatility over the past week, mortgage rates ended the week with little change, remaining near the lowest levels of the year. Most of the volatility in mortgage rates was caused by big moves in the stock market and by news from Ukraine. Since these event...
04/18/2014
The Fed met last Wednesday however there has been little move in the market in reaction to that meeting.  Recent economic data has shown few surprises also.   However, one thing that seems to have influenced the U.S. mortgage rates seems to have been the shift in expectation for European Central ...
03/27/2014
Wells Fargo’s economics group broke down the season challenges in the housing market.  We wanted to know what impact the current weather has had on the housing market – has the impending drought and warm weather in the west or the winter storms in the east had more of an impact than normal season...
03/19/2014
Fannie and Freddie are doing quite well for themselves, however, it seems to be at the expense of their borrowers.  These borrowers are the product of the cleanest, most heavily documented, and thoroughly underwritten and appraised loans in history.   Many in the industry are paying close attenti...
03/14/2014
The ever changing situation in the Ukraine was the cause of most of the movement in mortgage rates over the past week, however, there was little net change to be seen. During periods of uncertainty, there is a tendency  in financial markets to move to safer assets – shifting to a defensive positi...
03/06/2014
Recently, the January Employment Report was released – and this has been the focus for many investors.  Another area of interest has been the testimony before Congress of the new Fed Chair Janet Yellen.  Both of these events triggered movement in mortgage rates, however the evens seemed to balanc...
02/24/2014
To an outside observer, it could seem that something is amiss in the residential mortgage banking business.  While many of the “bad eggs” have the left the market, their crimes are still being brought to light in the press and through legal action.  The good news, there are still hundreds and hun...
02/11/2014
The turmoil of the financial market and economy in recent years changes many consumers’ retirement plans.  However, recent news from the National Association of Home Builders (NAHB) was well received.  There has been improvement in the third quarter of 2013 in the 55+ housing market.  This repres...
02/05/2014
Many feel that counterparty considerations will rise in 2014, as the Dodd-Frank mandated legislation is about 50% complete.  In a recent survey, conducted January 13-17, Secure Settlements, Inc looked at lawyers, notaries, escrow agents and title agents to examine the status of closing profession...
01/29/2014
The last few weeks of December 2013 proved to be quite ones – with little newsworthy economic news and a light trading volume.   Even though the economic data (on average) exceeded expectations – this proved to have little impact on mortgage rates. After months of speculation by investors, on Dec...
01/23/2014
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