MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC
Posted To:Pipeline Press
I thought about taking today off from the commentary to celebrate, since yesterday I won all 4 quarters of my office's Super Bowl pool! And then I remembered that I was the only one in the pool, don't really have an office, and that the net effect of my $50 a square winnings was about the same as the US Government buying back their own securities. Oh well. Those dues that you pay to the Mortgage Bankers Association – where does the money go? Education, lobbying, etc., but some probably went into buying the MBAA its $90 million headquarters in downtown Washington which it sold last week for $41 million after 3 years. Ouch! CoStar Group, who is moving its headquarters from Maryland to DC, also received a $6 million property tax break – hats off to them. Not only did the MBAA's interest…(read more)
This mortgage update is brought to you by: Rob Chrisman – You can read the full article at MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC
MBS OPEN: Sideways Start. Searching for Guidance
Posted To:MBS Commentary
Good Morning. Congrats to the Saints. Here is a recap of my weekend…. We had a blizzard…32 inches of THUNDER SNOW . The driveway was defeated with snowblowers. This is only the first half of the driveway by the way…. The CAPS came from behind to beat the pens. Ovie had a trick plus the game winning assist in OT. Thats 14 in a row for the C-A-P-S CAPS CAPS CAPS. Troy saw his shadow. AH! Six more weeks of football. The Saints won….then my milkaholic ex-gf Lindsay came over. Phew. I am zonked. What a weekend. Stocks sold off in a panicky fashion last week as sovereign debt concerns grew over Greece, Portugal, and Spain's ballooning budget deficit and rising borrowing costs. If a coordinated global recovery is to remain on course, one has to assume some sort of financial intervention…(read more)
This mortgage update is brought to you by: Adam Quinones – You can read the full article at MBS OPEN: Sideways Start. Searching for Guidance
The Week Ahead: Treasury Auctions, Retail Sales, The Fed’s Exit, Consumer Sentiment
Posted To:MND NewsWire
The week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Friday will see February’s first measure of consumer confidence. With little fresh data to anticipate, the fear is that markets will continue on their downward path this week. Since January 19 the Dow has shed 5.6% while the S&P 500 has lost 6.9%. One hour before the opening bell, however, equity markets are looking stable. Dow futures are up 10 points to 10,012 and S&P 500 futures are up 3.08 points to 1,066. Meantime, WTI Crude oil is starting the week 15 cents higher at $71.34 per barrel and Spot Gold is up $1.90 to $1,068.20. The US dollar, by contrast, is lower against the majors after hitting the highest level since the summer of…(read more)
This mortgage update is brought to you by: Patrick McGee – You can read the full article at The Week Ahead: Treasury Auctions, Retail Sales, The Fed’s Exit, Consumer Sentiment
When Do the Drawbacks to Financing Occur?
The drawbacks and advantages to refinancing depend on what type of method you choose. Regardless, you should know that there are advantages and disadvantages to each option, and it is to your advantage to choose wisely, depending on what your conditions and finances allow.
This mortgage article brought to you by: ezinearticles.com – Read the full article at When Do the Drawbacks to Financing Occur?
Mortgage Loans That Help You Save
Did the title catch your interest? There are mortgage loans products that help you save. The most common loan that helps you save is to have a fifteen year mortgage, rather than the traditional thirty year mortgage.
This mortgage article brought to you by: ezinearticles.com – Read the full article at Mortgage Loans That Help You Save