Is the Real Estate Market Now Stable?

  We have all seen the low asking prices for listed properties that are Short Sells or Auction homes.  Is this the best way to purchase a home?  Well, it could be.  More times than not you will over pay for properties sold in this fashion. 
   Most people looking for what is perceived as a [...]

Market News

  Yesterday, Mortgage Bonds had their worst one-day performance since October, losing an astounding 206bp.  So…what the heck happened and what’s next?
  The main culprit for yesterday’s selloff…SUPPLY.  The Treasury has literally been printing money by way of Treasury auctions to pay for the massive spending.  And these hundreds of billions of dollars of new [...]

The Bond Market Finishes 206bp Down….

  Traders slapped on their hard hats to cover themselves from the waves of sellers that hit the markets today.
   The selling started last Thursday when Bill Gross from PIMCO questioned the AAA credit rating of the US.
  Credit Suisse said that the Fed may be slowing down their MBS purchase program.
  Better than expected [...]

Home Sales Continue To Rise or Will They?

  Well before we get carried away and start making claims that the recession is over or the Economy is fixed we need to take a breath.  The media still refuses to report the Mortgage and Housing industries correctly.   
  With most of the buyers looking for a great deals they continue to snap up [...]

Mortgage Reform Bill H.R. 1728 increases the Cost of Residential Appraisals Roughly 35%

Pending Mortgage Reform Bill H.R. 1728 Contains “Property Appraisal Requirement” Provisions
  The Mortgage Reform and Anti-Predatory Lending Act of 2009, H.R. 1728, was introduced March 26 by coauthors Rep. Brad Miller (D-N.C.), Rep. Melvin Watt (D-N.C.) and Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.  It moved quickly through the House and [...]

Capitail Direct Mortgage goes down

   It is my understanding that yet another Lender, Capital Direct Mortgage, is going out of business today.  Yet another Lender that took a chance on people only to be let down.  There are many reasons why this happened and most of them are legit.  But the constant bombardment of “predatory lending” lawsuits are difficult [...]

The cost of getting a loan continue to go up

  Mortgage lenders may be offering loans at record low rates, but that doesn’t mean the loans are coming cheap.  In fact, some borrowers may see much of the initial savings they’d realize from lower rates wiped out by closing costs, fees that are on the rise as lenders seek to pad their bottom lines.
 
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