Lots of sensational press around the temporary foreclosure moratorium thats being implemented by some, soon to be all banks across the country. Some people are crying fraud while others are pressing random panic buttons calling for someones head…yet most really don’t know why.
I guess it just sounds like the right thing to do since banks [...]
Once upon a time there were some pretty reliable indicators when it came to forecasting the near future trends of mortgage rates. Non-farm payroll, unemployment, housing starts, the Consumer Price Index and other such macro view reports we’re accurate arrows in a mortgage professionals quiver when it came to ‘predicting’ mortgage rate movements. Stocks, their [...]
I’ve been writing a bit over at Housingwatch about the recent news surrounding reasons behind housing market crash, viewed through the 20/20 lenses we all posses. The good folks at AOL like to keep posts around 500 words to keep things tight and to the point. So, I’ll bring some of the words I couldn’t [...]
Pull the veil back around performance related metrics relative to market baselines for practicing real estate agents. Establish a Bar, establish accountability, demand greater transparency and Raise The Bar along the way.
The Fed will stop buying mortgages beginning at end of March 2010.
Uh-oh. This is kind of a big deal.
Lets reflect back for a minute…
Back in September 2008 the bottom fell out of the mortgage and housing industry, the pillar of our economy at the time, as the MBS market was more or less exposed as [...]