Category: General

Final Rules Issued on Originator Compensation. Mortgage Industry Needs Some Simplification http://ow.ly/18BG3t # USDA Rural Housing Program: Where's the Funding? – When the USDA ran out of money for its Section 502 guaranteed Rur… http://ow.ly/18CCQ5 # My first ActiveRain post in ages – Find a Graphic Designer to Add Polish to Your Online Efforts >>http://ow.ly/2rnlb # Lenders Cushion Loan Pricing After Spike in Refinance Demand. Who is Refinancing? http://ow.ly/18DADX # Fed Report Shows Decrease in Household Debt and Delinquencies http://ow.ly/18Ev3z # Death of the 'McMansion': Era of Huge Homes Is Over – http://ow.ly/2ssEB – "Less is More" mentality gaining steam. # US Homeowner Confidence Drops in Second Quarter – http://ow.ly/2ssJL – We are hearing this daily in refinance discussions w/customers. # @mortgagereports thank you in reply to mortgagereports # FHFA Proposal to Effectively End Private Transfer Fees – The Federal Housing Finance Agency (FHFA) took a step last … http://ow.ly/18Fm0Z # According to Hughes RE School close to 30% of […]

Residential Construction Spending Declines in June. Federal Outlays Increase http://ow.ly/18p0jF # Can't get the bank to call you back or follow up on your refi? We're running <24 hrs. to lock for A+ customers. >> http://ow.ly/2ku73 # Pending Home Sales Hit New Low. No Improvement Expected in Near Term http://ow.ly/18pZbE # Purchase Apps on 3-Week Winning Streak. Who Wants to Call a Bottom? http://ow.ly/18qY52 # Treasury Awards Second Round of "Hardest Hit" Housing Funds – The Department of the Treasury has announced the secon… http://ow.ly/18rT7q # More changes to FHA. New bill passed Senate. Upfront MIP will be lowered to 1% but monthly MI will double! Program looks like FNMA, FHMLC. # Want to lock in a mortgage loan Saturday night at 6:00pm? We can do it! Weekend Rate Protection from The J. Berman Group. # FHA Alert: New Upfront & Annual MIPs Go Live in September – FHA Commissioner David Stevens wrote to the industry yes… http://ow.ly/18sPUw #

Home Builder Confidence Expectedly Low in July – Judging from responses to the July survey of their attitudes toward… http://ow.ly/18cHzQ # New Construction of Single-Family Homes Goes Stagnate – The U.S. Census Bureau and the Department of Housing and Urb… http://ow.ly/18dEbK # Small indications that lending guidelines are easing ever so slightly. LTV max on Jumbos & Cash Out loans improving w/some of our investors. # Administration Issues Second Monthly Housing Scorecard – The second edition of the new Obama Administration Housing … http://ow.ly/18eFkC # Existing Home Inventory Climbs. Several Issues Strain Buyer Demand http://ow.ly/18fEAw # is locking No-Cost refi's at 4.5%, 30 year fixed for loans with Fico's over 720, balances over $275k. APR=Note Rate, No Costs, Period. # FYI, HUD recently released a proposal w/some key changes, including lowering Seller concessions from 6% down to 3%. #