The Senate agreed by a 60-37 vote yesterday to extend the Home-Buyer Tax Credit closing deadline by 90 days, from June 30th to September 30th 2010. The operative word being ‘closing’ since this extension does not allow for any new borrowers to take advantage of the very successful tax-credit program and thus does nothing in the [...]
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 [...]
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 [...]
Back at the end of August, exactly one post ago, I wrote of Googles pending entrance into the mortgage lead business.
Today Matt Carter at Inman News expounds on Googles ‘AdveRateQuote’ platform for the mortgage industry. Apparently they’ve partnered with pricing engines and lead generation providers to provide a better overall Search experience for the mortgage [...]
Lots of buzz this morning (in my head at least) regarding the lawsuit Lending Tree has initiated versus Mortech, producer of mortgage rate pricing software, for apparently licensing their technology to Google for a service that will compete with Lending Tree…from Yahoo Finance:
LendingTree filed a lawsuit yesterday against Mortech, Inc., a [...]