Archive
| Feb. 27, 2009 |
3rd government intervention's a charm for Citi? FHA news; Stocks tumble helping rates somewhat |
| Feb. 26, 2009 |
Chase exits warehouse - who the heck is left? Premium pricing improving slightly - why? And TARP money tracking. |
| Feb. 25, 2009 |
Apps down last week; rates quiet; some Citi updates |
| Feb. 24, 2009 |
news from AIG, SunTrust, FHFA, FAMC, Toll Brothers; JPMorgan slashes dividend; news on loan limits, NAMB sues over appraisal changes |
| Feb. 20, 2009 |
some good websites for you to keep; a warehouse update; news on high balance loans |
| Feb. 19, 2009 |
New SISA program; appraisal update; Homeowner Affordability and Stability Plan |
| Feb. 18, 2009 |
EquiFirst calls it a day; locks skyrocket and brokers are maxing out business with investors; MI companies in the news |
| Feb. 17, 2009 |
More steps away from capitalism; minimum FICO's raised; rates dropping; re-increased loan limits - but investors will wait |
| Feb. 13, 2009 |
ING cracks down on CA, what the stimulus plan means for housing, locks snowing investors under |
| Feb. 12, 2009 |
PMI eliminates TPO and other business. Changes at Wells, US Bank |
| Feb. 11, 2009 |
Chase and Principal news, negotiations continue on stimulus, 3-yr auction goes well |
| Feb. 10, 2009 |
lay-offs, who doesn't do them, how to avoid them. Colonial exits wholesale. Rates drop overnight |
| Feb. 9, 2009 |
Fannie relaxes non-owner limits. 10-yr moves above 3%. GMAC wants houses with kitchens - is that too much to ask? And who is Christopher Warren? |
| Feb. 6, 2009 |
Senate's version contains a $15k tax credit. The jobs number is ugly, but rates haven't dropped - yet |
| Feb. 5, 2009 |
Fannie's new DU 7.1 - what does it mean for appraisers? More loan pricing information. And why does this joke remind me of mortgage banking? |
| Feb. 4, 2009 |
Stacks of pre-quals waiting for rates, good news from GMAC, but rates creep higher |
| Feb. 3, 2009 |
Is the Fed buying old or new loans? More pressure on stand-alone brokers. And I am on my way to a free Grand Slam breakfast at Denny's! |
| Feb. 2, 2009 |
Quite the January! Some investor updates. And the return of the $729,750 loan limit?! |
| Jan. 29, 2009 |
mortgage mutterings: rates continue higher in order to attract buyers for the government's debt |
| Jan. 28, 2009 |
What rhymes with "Sells Cargo" and announced earnings today? |
| Jan. 27, 2009 |
Wells extends mod program to Wachovia; FHA guidelines beginning to tighten; First Fed bails on wholesale lending - who is left? |
| Jan. 26, 2009 |
We begin the Year of the Ox with little news and rates slightly higher |
| Jan. 23, 2009 |
Fun with mortgage pricing, Fannie vs. Freddie, the Fed, and Fannie Gold Books |
| Jan. 22, 2009 |
a look at our friend the banks, almost as good as a mattress for keeping money |
| Jan. 21, 2009 |
a reminder of Fannie's fee increases, along with loan-level identifiers for originators and appraisers |
| Jan. 20, 2009 |
industry news, and rates creep up while everyone is focused on the inauguration |
| Jan. 16, 2009 |
Citi's loss, Fannie's PERS program, is the Fed the only one buying mortgages? Bond market closing early, and extension fees climbing. |
| Jan. 15, 2009 |
Ripples from Chase. Big banks in the news - and not in a good way |
| Jan. 14, 2009 |
Remember the "old days" when Chase bought loans from brokers? Gone. |
| Jan. 13, 2009 |
Busy brokers using pre-quals. No more ING float downs. And how 'bout that mandatory/best efforts spread? |
| Jan. 12, 2009 |
Does "Cram down" have a dash in it? Or is it one word? Two words? |
| Jan. 9, 2009 |
Mortgage mutterings: yes, actual good news for mortgages |
| Jan. 8, 2009 |
Locks, mortgage rates, Treasury rates...I am so confused |
| Jan. 7, 2009 |
Wonderful rates, but mortgage companies should be careful about what they wish for... |
| Jan. 6, 2009 |
Wells' wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS's besides the Fed? |
| Jan. 5, 2009 |
Good news for GMAC, rates help applications everywhere, but how did they creep back up? |
| Jan. 2, 2009 |
There really isn't much to write about... |
| Dec. 31, 2008 |
Mortgages - Fed's plan for buying conforming mortgage securities may help |
| Dec. 30, 2008 |
appraisal morass, raising the FHA FICO bar, investor updates, and be careful out there - loan level fees are going up |
| Dec. 29, 2008 |
Commercial mortgage problems, GMAC & Indy update, bank branch pricing strong |
| Dec. 26, 2008 |
FHFA comes out with appraisal update, Genworth's TPO restriction, quiet market |
| Dec. 23, 2008 |
California's budget issue hits CalHFA lending, GMAC weighs in on restructured loans - uh oh... |
| Dec. 22, 2008 |
mortgage musings - no scheduled economic news, but lots of investor updates |
| Dec. 19, 2008 |
Lock volumes, and where are mortgage rates and do they bear any resemblance to Treasury rates? |
| Dec. 18, 2008 |
Flagstar "bought", Chrysler shuts down for a month, Fannie's condo news |
| Dec. 17, 2008 |
Who is "GUS"? Why force a 4.5% mortgage rate when the market is there already for both purchases and refinances? |
| Dec. 16, 2008 |
Wells & Citi high balance news; How about this USDA home loan program? |
| Dec. 15, 2008 |
FHA clarification, Fannie's mod program, rates steady to begin the last full week of 2008 |
| Dec. 12, 2008 |
FAMC, GMAC, USB, Wells appraisal updates, wholesaler MortgageIT gone, what is up with buy ups? Rates tumble |
| Dec. 11, 2008 |
Chase & Wells' changes. Want a condo loan in Florida? "Micropolitan"? |
| Dec. 10, 2008 |
apps fall, RMIC & CW issue clarifications, investors pay for the 3-month bill, even Citigroup's train display being cut |
| Dec. 9, 2008 |
OTS released ugly loan modification stats, high balance price hits - temporary? Sites for salary information |
| Dec. 8, 2008 |
LIME Financial gone, new LP out there, DU coming up, the clock is ticking on those locks from two weeks ago |
| Dec. 5, 2008 |
4.5%? What 4.5%? Remember Chevy Chase? Jobs number a shocker - pushing Treasury rates & stocks even lower |
| Dec. 4, 2008 |
Thornburg delisted, DTI rumors, good news from Chase, FHA insurance fund drops, rates lower overnight |
| Dec. 3, 2008 |
Last week's applications skyrocket, fraud still in the headlines, CW weighs in with required 4506's |
| Dec. 2, 2008 |
AmTrust's lay-offs, MNET shuts down, self-employed borrowers in the press |
| Dec. 1, 2008 |
Fortes & LandAmerica gone or changed, Treasury rates continue lower! |
| Nov. 26, 2008 |
AmTrust's Cease & Desist, Chase implements prepurchase review, lock desks everywhere recovering as rates slide higher this morning |
| Nov. 25, 2008 |
3 business days left in Nov, Chase announces interim high balance program, rates PLUMMET on Fed plan |
| Nov. 24, 2008 |
Downey's shoe drops, Citi rescue plan, DTI update, sobering - read this before buying any gift cards |
| Nov. 21, 2008 |
Principal cuts ahead? Are we in a recession yet? Further "high balance" conforming clarification |
| Nov. 20, 2008 |
Chase changes, the 10-yr hits 3.16%, and is it the appraisal industry's turn to twist in the wind? |
| Nov. 19, 2008 |
mortgage chatter: HSBC bails and sails, news from Wells, PMI, Thornburg |
| Nov. 18, 2008 |
TART, uh, TARP hearings today, Federal Home Loan Bank primer - and losses |
| Nov. 17, 2008 |
CW and Chase updates, free MBS quotes, Citi laying off 50,000? |
| Nov. 14, 2008 |
FHA loan limits announced, Thornburg update, Wells cuts reduced doc, Flagstar Bank in the news, Citi lay-offs |
| Nov. 13, 2008 |
What happens when a Wall Street guy is running the Treasury? Is Downey next? HUD reveals RESPA changes |
| Nov. 12, 2008 |
ING to make LTV changes, Citi eliminates non-agency products, Fannie & Freddie's plan |
| Nov. 11, 2008 |
Citi to modify mortgages, Franklin cuts IO, more clarification on 2009 loan limits, DHL cuts 9,500 jobs |
| Nov. 10, 2008 |
Fannie's results & Thornburg news. And the new loan limits are here! The new loan limits are here! |
| Nov. 6, 2008 |
CA's foreclosure plan, ResCap on the ropes? Lambo dealer shuts down |
| Nov. 5, 2008 |
retirement plans suffer, mortgage applications drop, but LIBOR is down for 17 days in a row! |
| Nov. 4, 2008 |
Ginnie Mae has how many employees? Wells cuts IO, Chase raises fees |
| Nov. 3, 2008 |
interest rate update, Chase agrees not to foreclose for 90 days |
| Oct. 31, 2008 |
Flagstar's earnings, how jumbo spreads are doing, do lender's pipelines reflect grim news for November? |
| Oct. 29, 2008 |
apps shoot up last week, and we await the Fed's overnight rate decision |
| Oct. 28, 2008 |
are IO loans an endangered species? And stocks' rebound may not help yields |
| Oct. 27, 2008 |
more conforming loan limit news, bank news, mortgage rates not doing well |
| Oct. 24, 2008 |
How's that stock fund doing for you? Chase announces appraisal information, CW develops plan for borrowers |
| Oct. 23, 2008 |
Goldman lay-offs, E-Loan makes the Implode-o-meter, and some comments on mandatory/BE spreads |
| Oct. 14, 2008 |
the last MI company ends MI for investor properties, banks await capital infusion |
| Oct. 10, 2008 |
Oil hits $79/barrel, GM says bankruptcy is not an option, and it'll be Wells and Wachovia at the alter |
| Oct. 8, 2008 |
Citi slashes wholesale lending, Radian cuts brokers off from condo loans, US Bank cuts SISA, and Fed lowers overnight rates |
| Oct. 6, 2008 |
CW ponies up $8.4 billion for loan relief, oil and stocks continue to drop, as do rates - the 10-yr at 3.51% |
| Oct. 2, 2008 |
changes from Radian, Chase, Wells, Fannie; lenders are sensing the Jan 1 date approaching |
| Sep. 29, 2008 |
PMI, RMIC, USB changes; Does Heather Locklear have a pick-a-pay mortgage |
| Sep. 25, 2008 |
Don't want your client solicited after running credit? And watch for SAFE licensing (part of the housing bill) |
| Sep. 24, 2008 |
there are those who report the news, and those who make it |
| Sep. 23, 2008 |
What? Fees for rate locks? How is the move from 1099 to W2 going in the states? |
| Sep. 22, 2008 |
Meet our two newest banks. Do FHA borrowers shop rates? And what happens to mortgages on 10/1 & 1/1? |
| Sep. 19, 2008 |
does sweeping dirt under the carpet get rid of it? And remember that 3-day refi boom earlier this week? |
| Sep. 18, 2008 |
The government says, "Give us your money for a month, and we'll give the same amount back to you a month from now." |
| Sep. 17, 2008 |
remember the old days when the government didn't own companies? |
| Sep. 16, 2008 |
Treasury rates are darned low, as is oil. Thornburg update... |
| Sep. 15, 2008 |
non-owner price changes, and for those of you keeping score at home, what does the news mean to agents... |
| Sep. 12, 2008 |
Will it be Saturday the 13th for Lehman, or Washington Mutual? |
| Sep. 11, 2008 |
DAP's return? Credit spreads for WaMu widen. Considered a career in Payday Lending? |
| Sep. 10, 2008 |
Is Lehman the next Bear? Wholesale vs net branch relationships. And rates creeping higher |
| Sep. 9, 2008 |
the aftermath: Are lenders trading pipelines? |
| Sep. 8, 2008 |
RESPA update, and just another average day in the mortgage biz, except... |
| Sep. 5, 2008 |
The government can't sugarcoat these unemployment numbers, and why do investors pay different prices for the same loan? |
| Sep. 4, 2008 |
a shoe named "GMAC" drops, Thornburg & Wachovia news, at least rates continue to head lower |
| Sep. 3, 2008 |
Wall Street mortgage news, US Bank Consumer withdraws from correspondent, and a good story. It was the 3rd of September... |
| Sep. 2, 2008 |
Light news day, FHASecure volumes less than stellar |
| Aug. 29, 2008 |
Carteret exiting, E-Loan's parent sells assets to Goldman |
| Aug. 28, 2008 |
good news from Fannie, Greenwich Capital; is the economy picking up? |
| Aug. 27, 2008 |
mortgage mutterings: news from Thornburg, Fannie, Freddie, FHA |
| Aug. 26, 2008 |
More DAP tidbits, Wells & FAMC changes, mortgage prices steady |
| Aug. 25, 2008 |
DAP clarification, Accredited shuts down wholesale, rates slightly better |
| Aug. 22, 2008 |
FHASecure, Lehman rumors, changes in tax law, mortgage rates on the rise |
| Aug. 21, 2008 |
the FDIC & Indy, mortgage stock volatility, news from Chase, GMAC, First Fed, Wells |
| Aug. 20, 2008 |
Chase bumps extension fees, retail investors brokering out, and the bank rumor mill working overtime |
| Aug. 19, 2008 |
the housing law & reverse mortgages, and many, many investor changes |
| Aug. 18, 2008 |
Very quiet in the mortgage business, news and rate-wise |
| Aug. 15, 2008 |
pretty quiet in mortgage news, but some good news for high balance loans and rates slide |
| Aug. 14, 2008 |
Fannie pushes back adverse market charge, mortgage job opening in Florida, Union Bank up for sale? |
| Aug. 13, 2008 |
FHA updates from investors, rates slip slightly lower |
| Aug. 12, 2008 |
bleak news from Radian & Chase; FAMC & Wells' wholesale changes; rumors about FHA limiting properties |
| Aug. 11, 2008 |
ResCap goes after brokers, Freddie changes delivery fees, Wachovia out of 19 states |
| Aug. 8, 2008 |
Fannie's loss, Wachovia ceases Illinois origination, results of a closing cost survey |
| Aug. 7, 2008 |
the importance of Jobless Claims, Fannie's price change is two months away but Citi already adjusts |
| Aug. 6, 2008 |
First Fed makes the WSJ, Freddie's earnings, IN cracks down on 360 brokers, MS freezes lines of credit |
| Aug. 5, 2008 |
Fannie announces October price changes, and how do commercial lenders limit fallout? |
| Aug. 4, 2008 |
how about that $7,500 tax credit? Rates creep up, Wells adjusts high balance prices, and Chase deals another blow to brokers |
| Aug. 1, 2008 |
GM loses $15.5 billion, GMAC not immune to losses, Indy files, Freddie steps up work-out payments, hedge funds buying mortgages |
| Jul. 31, 2008 |
Covered bonds, Pres. Bush signed the bill - now what? |
| Jul. 30, 2008 |
mortgages with a note on fallout, and a letter from the MBAA attached regarding the Housing Bill |
| Jul. 29, 2008 |
Warehouse bank update, news out of Merrill, and a Housing Bill morning-after hangover? |
| Jul. 28, 2008 |
GMAC dispenses with HELOC's, a reminder on Muslim lending practices |
| Jul. 25, 2008 |
Housing bill verbiage, Provident cuts brokers with low pull through, WaMu losing deposits, and can the 83-yr old founder of Downey really quit? |
| Jul. 24, 2008 |
rates drop, lots of news, housing bill update, minimum wage increase today: mortgage workers rejoice! |
| Jul. 23, 2008 |
mortgage dribble: rates continue higher, WaMu earnings, more Nehemiah news and several companies make adjustments |
| Jul. 22, 2008 |
Do I owe less interest in February? Goodbye DAP's? SunTrust's earnings, Wachovia exits wholesale lending, and reports disastrous earnings |
| Jul. 21, 2008 |
all quiet in the mortgage news front, but Bank of America earnings help stocks (not bonds) |
| Jul. 18, 2008 |
Citi & Merrill release earnings, and what if there was no secondary market? |
| Jul. 17, 2008 |
Rates continue to worsen on signs of strength in the economy, and introducing our new 90% NINA product! |
| Jul. 16, 2008 |
Wells' earnings better than expected, rates shoot up, a Reg Z primer, and a reminder of who Fannie & Freddie are |
| Jul. 15, 2008 |
How do you get $1 million worth of bank stocks? Start with $2 million |
| Jul. 14, 2008 |
mortgage mutterings: Darn, there's a lot going on... |
| Jul. 11, 2008 |
mortgage legislation stalls, doomsday scenarios fill the press about Indy, Fannie, Freddie. TGIF? |
| Jul. 10, 2008 |
houses impacting the rental market, Fortune Magazine's article on GSE's, rates continue lower |
| Jul. 9, 2008 |
Video of Bill Gates' last day, Indy retail, now owned by Prospect, owned by Sterling Capital, who also owns Metrocities... |
| Jul. 8, 2008 |
the Indy shoe drops as Fannie & Freddie share prices plunge |
| Jul. 7, 2008 |
ok, everyone back to work! The markets are quiet, and some shift in the top originators |
| Jul. 3, 2008 |
RESPA primer, Thornburg update, Harvard housing study, rates steady |
| Jul. 2, 2008 |
Starbucks closing 600 outlets, Chevy Chase disclosure lawsuit could let borrowers CANCEL their mortgage, sharks circling Indy |
| Jul. 1, 2008 |
10-yr down to 3.89%, Wells, RMIC, Wachovia, FAMC make important changes, CIT exits, July not looking great production-wise |
| Jun. 30, 2008 |
the last "official" day of Countrywide, and where the St. Louis Fed believes the future of mortgage origination will be |
| Jun. 27, 2008 |
Wells, Radian, UBOC changes, Indymac on the ropes? |
Next archive 7
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Copyright - Rob Chrisman
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