Dec 20, 2012 10:36AM

Are Non-agency Loan Mods Coming? Treasury Initiative Rumored; FHA Letter Threatens Standard Reverse Mortgages

Well, here is some interesting news for taxpayers, as if we don't have enough: Fannie & Freddie may have lost $3 billion due to LIBOR fixing by banks? Quick, bring in the lawyers ! In the meantime, I have been retained by a "Top 5" non-depository correspondent lender in the Northeast seeking an experienced senior account executive to manage the Southeast territory of multiple states containing 80 approved correspondent accounts. The candidate preferably will live within that region and manage...

Dec 20, 2012 4:18PM

MBS RECAP: Slightly Weaker In The Afternoon

Just a heads up (as far as most lenders will be concerned) that Fannie 3.0s spent the better part of the past hour trading near their lowest levels since 9am, but seem to have caught some support aver the 3pm Treasury close. The most frequently visited

Micro News

3:11 PM:

MBS On The Edge Of Riskier Territory. Treasury Close Helps

10:27 AM:

Bond Markets Off Best Levels Following Economic Data

10:10 AM:

ECON: Existing Home Sales Higher Than Expected

10:07 AM:

ECON: Philly Fed Index Turns Positive, Highest Since April

8:44 AM:

ECON: 3rd Quarter Final GDP Slightly Higher Than Preliminary Reading

8:40 AM:

ECON: Jobless Claims Slightly Higher Than Expected

3:52 PM:

Potentially A Bit Dicey Heading Into The Close

1:23 PM:

Initially Weaker After Auction, But Not Because Of it

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Today's Comments

Peter Citera

"On what planet was this study conducted? "PMI companies can and do become insolvent, file for bankruptcy or are seized by regulators". Oh, please..."

George Moring

"Hmmm- To add to the problem, now that HUD has raised premiums so much they are being adversely selected. Good credit, qualify well, go 3% down conventional..."

Marvin Von Renchler

"Think about what he said: "that we knew the borrower could not pay." The operative word is KNEW. Did they know without a doubt that any given..."

Today's Q&A

"Can i add my wife onto my mortgage to use her credit to refinance"

"Trying to purchase an REO, one bank has title and another has a lien on it for 3x prop value"

"Is there a risk with private investors when purchasing a home"