Today’s Mortgage Quote: “We read frequently if unknowingly, in quest of a mind more original than our own.” ~ Harold Bloom # [’09 Housing Regulation] The Fed Wants to Help You Stay in Your Home. (Good recap via @doverbey at Roost.com blog) http://budurl.com/58l9 # Colorado Loan Originators: ALS hosting a job fair 3/16 @ office in Littleton. 4pm-7pm. (Didn’t know ALS retail existed, or is it retention?) # Powered by Twitter Tools.
[Mortgage Fees] Home Mortgage Refinancing Fees Going Up as Credit Tightens http://budurl.com/zhz2 (Efficient Originators w/lower fees win.) # [Consumer Privacy] Broker use of e-mail may endanger mortgage data http://budurl.com/kdft (Does your originator have a data security plan?) # Powered by Twitter Tools.
[Colorado Foreclosure Update] – Colorado foreclosures fall in 2008 for the 1st time in years – http://budurl.com/lv6x # NAR states a 2nd credit crisis might emerge b/c proposed changes to mortgage int. deduction but provides no #’s to support position. # 50% of web traffic utilizes a browser other than Internet Explorer, yet Allregs.com refuses to join the future. Allregs=FAIL. # Today’s Mortgage Quote: “It is thrifty to prepare today for the wants of tomorrow” ~ Aesop “The Ant & the Grasshopper” # Powered by Twitter Tools.
Existing Home Sales are expected to rise again, placing upwards pressure on home prices. Traders brushed off Tuesday and Wednesday’s passage of the American Recovery and Reinvestment Act and the President’s mortgage relief plan, respectively. It showed how unsure markets remain about the stimulus package and its probable impact on the economy. As a result, mortgage markets worsened last week, albeit slightly. It marked the 4th week out of five in which mortgage rates rose. However, there were a few notable new items for American homeowners and home buyers last week: The signed-into-law stimulus package includes a first-time home buyer tax credit Additional banks joined the “no foreclosure” movement Fannie Mae re-opened guidelines so that real estate investors can own and finance 10 properties, up from 4 Taken separately, these points aren’t especially noteworthy. Together, however, they’re very important. In reducing the number of homes for sale while, in turn, spurring demand for them, last week’s policy shifts should provide key support against falling home values […]
[Colorado Foreclosures] Fannie, Freddie to suspend foreclosure sales – http://budurl.com/hkf6 # People still buying homes. Just locked $308k 30yr fixed purchase w/1% origination at 4.875%. 740 fico, 80% LTV. # Powered by Twitter Tools.
by jberman