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Mortgage News Daily

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Letters to President Obama and Governor Romney Ahead of Next Tuesday's Election
Posted to: Daily Newsletter
Friday, November 02, 2012 3:22 PM

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Nov 2, 2012 2:37PM

To be Frank: A Letter to President Obama Ahead of Next Tuesday's Election

Dear President Obama, As the election approaches next week, I feel compelled as a twenty veteran of the housing industry to write a letter that speaks to the fundamental truth of the current state of our economy. This started with housing, and it will end with housing. I hope to offer some perspective from someone on the frontline of the battle to restore some integrity to home ownership . Things certainly got off to a rough start with the modification programs. I volunteered at several housing foreclosure...

Nov 2, 2012 2:36PM

To be Frank: A Letter To Governor Romney Before Next Tuesday's Election

Dear Governor Romney, As the election approaches next week, I feel compelled as a twenty year veteran of the housing industry to offer some perspective from the frontline of the battle to restore integrity to American home ownership. Many colleagues, home owning consumers, and economists seem to agree on one fact about the economic climate we currently live in: This started with housing, and it will end with housing . I have read your plan to end the housing crisis , and I certainly applaud your...


Micro News

2:48 PM:

MBS Continue Flying High While Stocks Slide

10:04 AM:

ECON: Factory Orders Slightly Higher Than Expected

9:21 AM:

Bond Markets Moderately Weaker Following Payrolls Beat

8:45 AM:

ECON: NFP Much Stronger Than Expected, Upward Revisions

3:12 PM:

MBS Languish Just Above Lows As NFP Looms

10:59 AM:

MBS At Lows Following Morning Data, Negative Reprice Risk Depends On Lender

10:10 AM:

ECON: Construction Spending As Expected

10:07 AM:

ECON: ISM Manufacturing Slightly Higher Than Expected

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Today's Comments

Pat Ryan

"I try to attend most closings and went to 3 last week. My frustration with the industry is a bit less with the guidelines and more with the increased fees..."

Bette Miller

"Frank: Great article! I attend about 90% of my closings and title agents and realtors are always surprised when the mortgage broker shows up! You have..."

Lewis Poretz

"Spot on Frank! More and more I see originators 'coming out' and letting American consumers know just how they feel. It was once an honor to originate..."

Today's Q&A

"Can both husband and wife use their credit as one to get a mortgage loan?"

"Can I get a FHA loan for a second home if I rent the first one?"

"when lender pays the closing cost, can part of the closing cost charged as pre-paid finance charges?"


View Newsletter: http://www.mortgagenewsdaily.com/channels/newsletter/281547.aspx

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More From MND

Mortgage Rates:
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  • 15 Yr FRM 3.21%
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  • Jumbo 30 Year Fixed 3.92%
MBS Prices:
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  • 30YR FNMA 5.0 110-22 (0-02)
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Recent Housing Data:
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