Is The HVCC Appraisal Process Working?

  On May 18th 2009 I wrote a blog speaking about the new HVCC appraisal process.  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. 
 
  Here [...]

Well you take a few days off and the world changes or did it?

I am a little of topic here but not really
  The Obama’s Chief of Staff Rahm Emanuel tells us that the economy is fixed!  What planet is this guy on?  This is amazing that a man in this position would even say such a thing but it happened.
   Obama himself is calling the Cambridge Police [...]

FHA – Banker vs Broker

Some of the most misunderstood FHA pitfalls 
      Mortgage financing has become extremely difficult to understand.  Fannie may continues to set very tight guidelines but they are not impossible if your Loan Officer you are dealing with understands the mine field.  Home buyers with less than 20% down payment are recommended to use FHA financing.  [...]

A bad day for the Bond Market

Stock markets soared today pulling investing dollars from the Bond markets as debt investors shed the safe haven of government securities and Mortgage Bonds.  
The Stock rally was fueled solid corporate earnings and signs that industrial output may be recovering signaling that the worst recession in our lifetime may be bottoming.
The benchmark 4.5% coupon plummeted [...]

Mortgage Rates Could Soon Be On The Raise

  We seem to be living in such an emotional economic environment today that any positive news moves the markets.  I am not talking about truly positive news but rather news that is not as bad as expected can make the markets move.  This is much like having a Ace showing and wanting for the [...]

The Misunderstood Real Estate Market

  The available inventory of homes for sale is shrinking to alarming low levels when compared to the total amount of reported foreclosures.  The banks are clearly in position to manipulate property values yet again and the media is talking about it.  Where are the true journalists and why are they not talking about this?  [...]

Market News

  Mortgage Bonds struggled today as resistance provided by the 100-day Moving Average kept a lid on any attempted advances.
   Starting the day, Jobless Claims came in better than expected, down 565K, as opposed to the 600K estimated.  We will have to wait and see if this number gets revised.  However the number of existing [...]

Happy 4th of July

Have a fantastic 4th of July. 

Market News

Jobless report hurts the dow, the earlier reports prove to be way off
 
 The big news today was the Labor Department’s Non-farm payrolls, which took Wall Street off guard reporting that there were 467,000 jobs lost in June versus the -365,000 that was expected as the recession continues to grip the nation.
 The Unemployment rate rose to [...]

Fannie & Freddie Enter Into The Subprime World

   The Huntington Beach Mortgage Oracle is a blog site to keep people aware of changes in the mortgage industry.  In case you have been living in a cave there has been many changes in the finance world.  These changes have come about because of the things that the current administration has implemented.  The finance, [...]