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Freddie Mac Releases Results Of Annual ARM Survey

Federal Reserve Issues New CHARM Handbook for Consumers and Lenders

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Mortgage Rates Turn Higher Following Data, Greece Headlines

Treasuries and MBS Hit Hard by European Headlines, 30yr TIPS...

MBS MID-DAY: 2/16/2012

"Wow" Stats from Citi's Lawsuit Settlement; Short...

The Day Ahead: Digesting Greek Bailout Raincheck Amid Active...

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Freddie Mac Releases Results Of Annual ARM Survey

Freddie Mac 23rd Annual Adjustable Rate Mortgage (ARM) Survey released last week contained few surprises. The three major findings were:
...

Published Thu, Jan 01 2007 8:00 AM by Glenn Setzer

Filed under: Freddie Mac, adjustable rate mortgage, Federal Reserve, mortgage lenders, option arm, pay option loan, payment shock
Federal Reserve Issues New CHARM Handbook for Consumers and Lenders

The Federal Reserve Board seldom giveth, but they did send home buyers and owners as well as real estate professionals a bit of a holiday present last week.

The Board in conjunction with the Office of Thrift Supervision issued a revised version of its venerable Consumer Handbook on Adjustable-Rate Mortgages (the CHARM booklet.)
...

Published Tue, Jan 01 2007 8:00 AM by Glenn Setzer

Filed under: negative amortization, adjustable rate mortgage, Federal Reserve, mortgage lenders, option arm, pay option loan, payment shock

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RealtyTrac reported this morning that foreclosure activity rose 3 percent in January as several states posted spikes in one or more steps in the process...
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Reuters: The delinquency rate on U.S. home mortgages fell in the fourth quarter of last year to its lowest level in three years, while fewer homes entered...
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Citizens of the U.S. have well-documented accents, but do you ever wonder what linguistics majors do when they graduate? At certain phases of the economic...
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Effective Implementation of Quality Control Plans

As an FHA approved lender, you are required to have and implement a Quality Control Plan (QCP) . As many lenders have probably figured out, the QC review...
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A lot of analysis that gets written will refer to "technical factors" driving valuations. What this is referring to are situations where unique factors...
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Although no significant progress was made on the call and no significant plans were announced, MBS and Treasuries aren't bouncing back quite as forcefully...
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MBS at Highs, Waiting For Potential Eurogroup News

Yesterday we learned that the much-anticipated Eurogroup meeting to vote on Greece's second bailout had evolved into a mere conference call with sources...
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More Time Allowed for Foreclosure Review Requests

Homeowners who think they may have been financially injured due to the actions of mortgage servicers during a foreclosure have additional time to request...
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Home builder confidence in the market for new single-family homes increased for the fifth consecutive month in February, rising from 25 to 29 on the NAHB...
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Refinancing Borrowers Overwhelming Pick Shorter Term...

As we see each week in the Mortgage Bankers Association's application survey, few borrowers chose adjustable rate mortgages when buying or financing a...
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Trends in Mortgage Banking; Conferences Across the...

Two Brits were playing chess. Liam said to John, "Hey, do you want to make this more interesting?" John said, "Sure." So they stopped playing. One thing...
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Quiet Week for Mortgage Applications, Interest Rates

Applications for both home purchase and refinance were essentially flat during the week ended February 10. The Mortgage Bankers Association's (MBA) Market...
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The Day Ahead: Reasonable Economic Calendar Overshadowed...

MBS moved steadily higher for most of yesterday's session, while 10yr yields and stocks moved lower. MBS hit 103-29 in fannie 3.5's, which is a resistance...
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At 103-28 currently, Fannie 3.5's are up 13 ticks on the day, and sit at the highest prices since last Thursday. These gains are sufficient and have...
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TransUnion is reporting that serious mortgage delinquencies rose during the fourth quarter of 2011 for only the second time since the end of 2009. The...

Mortgage Rates:

30 Yr FRM 3.88%
|
15 Yr FRM 3.25%
|
Jumbo 30 Year Fixed 4.14%

MBS Prices:

30YR FNMA 4.5 106-20 (-0-06)
|
30YR FNMA 5.0 108-01 (-0-05)
|
30YR FNMA 5.5 108-30 (-0-03)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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