Move launched their MortgageMatch online mortgage qualification and origination website today.
Instead of responding to numerous emails I’m reducing my quick and dirty thoughts to this post… so please excuse the mortgage speak without detailed explanations and definitions…
Move created a mortgage ‘decision engine’ that effectively processes relative financial, credit and other risk based factors to generate [...]
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 [...]
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 [...]