Tag Archives: mortgage
10 year treasury moves up and the 30 Year mortgage rates are up
This is pretty interesting because this is the other direction than what the experts thought Operation Twist would have on the market. John Murphy pointed this out earlier on his post, then tonight I saw the St Louis Fed had … Continue reading
Filed under Uncategorized
The Nation’s 11th Largest Mortgage lender is getting out of the business due to excessive regulations
WOW! This puts things into perspective a bit. We all complain about the banks on their underwriting and that they are “not lending” now. I knew they were pummeled with new regulations but had no idea to what extent. The … Continue reading
Filed under Uncategorized
Bill allows tax-free use of retirement funds for mortgage payments
Bill allows tax-free use of retirement funds for mortgage payments. This is interesting, a bill that would allow a homeowner to tap into their retirement funds without the normal 10% penalty to cover their mortgage payments. Interesting how it is … Continue reading
Filed under Uncategorized
Mortgage Rates after the Twist, 09/26/2011 (day 5)
Still watching the 10 Year Treasury to see if there is any indication that rates might come down. Today the Dow soared 272 points to close over 11,000. This is great news by itself… The 10 Year Treasury rose 5.31% closing … Continue reading
Filed under Uncategorized
10 Million more Mortgages set to default.
Wow, OMG, WTF, how many other 3 letter words could describe this? I was reading this article from HousingWire and the numbers are staggering. If these numbers prove to be accurate I will be eating my words that “I think … Continue reading
Filed under Uncategorized
Federal Housing Financing Agency (FHFA) Sues Banks over Mortgage Backed Securities
It is news like this that makes it near impossible to predict the market correction. Depending on what happens here, it could either mean the mortgage business gets cleaned up or that it will shut all mortgage lending down – … Continue reading
Filed under Uncategorized
Fed Up: A Texas Bank is Calling it Quits…
If this doesn’t make a statement about the regulations these banks are under, I don’t know what does… From the Wall Street Journal: Main Street Bank lends most of its money to small businesses and is earning decent profits. But … Continue reading
Filed under Uncategorized
