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 [...]
Mortgage and Real Estate tips for the week 2/4/08.
-If you need to, obtain new (re)financing soon. Rates (more specifically, the indices ‘mortgage rates’ are a part of) are akin to a flock of lead balloons, look for them to bottom out over the next 30-45 days then move sideways for awhile. They have [...]
Most of the ‘news’ about mortgages centers around the ‘credit crunch’, mortgage company obituaries, more foreclosures, more defaults, more misery…
Every now and then I read a post (about the mortgage industry) that contains content which is progressively valuable. Granted, unless you work in the industry, general mortgage news isn’t the most compelling shizzle to [...]
I’ve had some heated (and circular) conversations with many in the mortgage industry regarding how unregulated the industry actually is, how it would be near impossible for legislation to clean up the mess. The Mortgage Industry needs something more than new Statements and Policies from regulatory agencies, with a few sacrificial lambs served [...]
DiTech™ was arbitrarily chosen for this comparison, but it could have been any other retail lender, since they don’t have to disclose YIELD SPREAD PREMIUM (YSP): Cash incentives (typically) paid to the broker in exchange for selling you a higher interest rate than you actually qualify for.
Comparison based on the following factors: [...]