Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
You are here:  Home »  Community Comments
Scott Valins
Principal, Scott Capital Group
on Thu Jul 24 2014, 3:26 PM
fair game or not cool? Greenlight loans sends my client an email two hours after I order the online payoff from Nationstar stating they received his payoff request and will be calling him within 24 hours to discuss financing needs
Ryan Kelly
Sr. Loan Officer, First Centennial Mortgage
on Thu Jul 24 2014, 3:26 PM
The lender may verify a self-employed borrower’s employment and income by obtaining from the borrower copies of his or her signed federal income tax returns (both individual returns and business returns) that were filed with the IRS for the past two years (with all applicable schedules attached). Alternatively, the lender may use IRS-issued transcripts of the borrower’s individual and business federal income tax returns that were filed with the IRS for the most recent two years—as long as the in
Ryan Kelly
Sr. Loan Officer, First Centennial Mortgage
on Thu Jul 24 2014, 3:26 PM
Fannie Mae Seller Guide B3-3.2-01
Ryan Kelly
Sr. Loan Officer, First Centennial Mortgage
on Thu Jul 24 2014, 3:25 PM
BB, yes but good luck getting an UW to go along with it today
Ben Biscoe
Loan Officer, The Ashley Smith Team at Atlantic Coast Mortgage, LLC
on Thu Jul 24 2014, 3:25 PM
question - i have a self employed borrower who is refusing to provide his business returns. says that all the info we need is on his personal returns. i know that he owns more than 25%, is there any way around not having to get them? I cant think of anything so figured I would throw it out there.
Tony Cangas
Senior Loan Officer, Mortgage Master, Inc.
on Thu Jul 24 2014, 11:58 AM
hi balance is on pg 6
Tony Cangas
Senior Loan Officer, Mortgage Master, Inc.
on Thu Jul 24 2014, 11:58 AM
http://mndne.ws/Oz02he
Dustin McAlister
Mortgage Loan Officer, Kansas State Bank
on Thu Jul 24 2014, 11:58 AM
anyone have a quick link for agency jumbo matrix
Sung Kim
Originator / LO, McLean Mortgage Corp.
on Thu Jul 24 2014, 11:51 AM
they are a bit exhausted, but dont worry, they start ramping around 12pm
Jeff Anderson
Loan Officer, Salem Five
on Thu Jul 24 2014, 11:51 AM
Equities not as enthused out of the gate by claims as bonds were.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 24 2014, 11:50 AM
RTRS- US JUNE SINGLE-FAMILY HOME SALES 406,000 UNIT ANN. RATE (CONS. 479,000) VS MAY 442,000 UNIT RATE (PREV 504,000)
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 24 2014, 11:47 AM
RTRS- US JOBLESS CLAIMS FELL TO 284,000 JULY 19 WEEK, LOWEST SINCE FEB 2006 (CONSENSUS 308,000) FROM 303,000 PRIOR WEEK (PREVIOUS 302,000)
Christopher Stevens
Secondary Marketing Manager, Premium Mortgage Corp
on Thu Jul 24 2014, 11:47 AM
form David Stevens "In recent days other executives have weighed whether they, too, should pull back. You limit your risk by tightening the credit box. I could see other institutions scale back."
Christopher Stevens
Secondary Marketing Manager, Premium Mortgage Corp
on Thu Jul 24 2014, 11:47 AM
Another article on JPM retreating from FHA loans. And BB&T said they may be subject of HUD investigation.http://mndne.ws/1mInkKw
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Wed Jul 23 2014, 4:31 PM
Nothing much Stephen. Looks bigger than it is due to narrowness of MBS range. 10yr chart tells a better story. Volume and participation are light, further greasing the skids for an after-hours move (referring to post-3pm 'pit' close at the CME).
Steve Mitroka
Mortgage Broker, Insight Loans
on Wed Jul 23 2014, 4:31 PM
what's with this sell off?
Ross Miller
President, Miller Home Mortgage, LLC
on Wed Jul 23 2014, 4:24 PM
MU, if the borrowers are on title as of original sales date and you can document continuity of Obligation for 12 months and the borrower put down the minimum required investment at the original closing you should be fine as a refi.
SWard
Branch Manager,
on Wed Jul 23 2014, 4:24 PM
MU - its been years but yes done as refi with full payment history
Michael Ullmann
Originator / LO, Wells Fargo Home Mortgage NMLS 159913
on Wed Jul 23 2014, 4:24 PM
what will dictate if it should be treated as a purchase or a refi? I was under the impression that 12 months of payments makes it a refi. My u/w feels differently
Michael Ullmann
Originator / LO, Wells Fargo Home Mortgage NMLS 159913
on Wed Jul 23 2014, 4:24 PM
anyone on here have experience with refinancing a loan from a contract for deed?
Victor Burek
Mortgage Planner, Open Mortgage
on Wed Jul 23 2014, 11:21 AM
we just cant break 2.45
Matt Hodges
Charlottesville Sales Manager, Presidential Mortgage Group
on Wed Jul 23 2014, 11:20 AM
Very nice set up in the Day Ahead, MG. personally, i read into it a undercurrent of caution.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Tue Jul 22 2014, 4:27 PM
no kidding. they might as well have made it "eleventy billion"
AQ
Head of Mortgages and ABS, Thomson Reuters
on Tue Jul 22 2014, 4:27 PM
"Colmar-based bankruptcy lawyer William D. Schroeder Jr. said the size of the award was likely an expression of "the jury's anger" against the system."
AQ
Head of Mortgages and ABS, Thomson Reuters
on Tue Jul 22 2014, 4:27 PM
PHH Mortgage Solutions hit with $16.2M jury award: Read more at http://mndne.ws/1kQ3bCK
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Tue Jul 22 2014, 11:37 AM
Right off the bat, if I had to guess why we're not seeing a more pronounced negative reaction, I'd say that this is roughly in line with where Pending Home Sales suggested today's Existing Home Sales would be. I'm not sure why the forecast was as low as it was actually. I tried to find a way to chart this last night when working on charts for the Day Ahead, but ended up giving up because the chart didn't make great sense. Anyway, bottom line was that Pending Home Sales jump higher last time w
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Tue Jul 22 2014, 11:36 AM
RTRS - US JUNE EXISTING HOME SALES 5.04 MLN UNIT ANNUAL RATE, HIGHEST SINCE OCT 2013 (CONSENSUS 4.97 MLN), VS MAY 4.91 MLN (PREV 4.89 MLN)-NAR
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Tue Jul 22 2014, 11:36 AM
I think some may be a bit defensive about that possibility, thus the small amount of 'relief' at the as-expected headline.
Oliver Orlicki
Senior Loan Originator, Innovative Mortgage Services
on Tue Jul 22 2014, 11:36 AM
was the market looking for more inflation?
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Tue Jul 22 2014, 11:36 AM
RTRS- U.S. JUNE CPI +0.3 PCT (+0.2573; CONSENSUS +0.3 PCT), EXFOOD/ENERGY +0.1 PCT (+0.1291; CONS +0.2 PCT)
Jay Rodriguez
Mortgage Banker, New American Funding
on Mon Jul 21 2014, 5:04 PM
Tony, IRRL just can't have a PI increase of more than 20%, or else Vet has to Credit Qualify.
Tony Cardinal
Regional Manager, Milend, Inc.
on Mon Jul 21 2014, 5:04 PM
VA IRRL question for anybody...does the P&I have to have a 5% payment reduction, like a FHA loan?
Chip Harris
President, Integrity Financial LLC
on Mon Jul 21 2014, 5:00 PM
If a home was included in a bankruptcy, it that treated as a foreclosure as far as the waiting periods?
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Mon Jul 21 2014, 5:00 PM
neither really. In general, I think closing price gets more credence from the analytical community
Hugh W. Page
Senior Mortgage Consultant, M.B.A., Capital Partners Mortgage, LLC
on Mon Jul 21 2014, 5:00 PM
MG do you lend more credence to the closing price or intraday high or low? Seems like the latter? Thoughts
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Mon Jul 21 2014, 5:00 PM
Yeah, I think that's because we're fairly near the 'stably held' highs of the year whereas the absolute highs were more spiky and brief. Should be easy to see by expanding chart to a 6-month view and using candlesticks to see each day's trading range.
on Mon Jul 21 2014, 5:00 PM
Thanks... Based on lender pricing- Feels closer than that...
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Mon Jul 21 2014, 5:00 PM
103-14
on Mon Jul 21 2014, 5:00 PM
MG- Perspective- Best price this year on the 3.5?
on Mon Jul 21 2014, 4:34 PM
This is very interesting. I always forward this information to my real estate investing students.Looking ahead will keep you from losing money
Clayton Sandy
Mortgage Consultant, Veritas Funding, LLC, NMLS 432296
on Mon Jul 21 2014, 11:26 AM
talked with credit plus and they said it's transunion that's reporting all the lates. Said I need to have them update it.
joon choi
Senior Loan Officer, Chicago Financial Services, Inc.
on Mon Jul 21 2014, 11:26 AM
there's a du override code CR Confirmed PFS
Clayton Sandy
Mortgage Consultant, Veritas Funding, LLC, NMLS 432296
on Mon Jul 21 2014, 11:26 AM
anybody have any luck at getting a short sale being reported as a foreclosure updated on credit so DU will read it correctly?
on Sat Jul 19 2014, 11:17 AM
https://www.dropbox.com/s/jb3tvdcvysq7afp/Occupy%20Finance_secondprinting.pdf My contribution to financial literacy.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Fri Jul 18 2014, 4:00 PM
yes. 4.0 is relevant, but 3.5 certainly more relevant to reprice risk.
Alan Craft
Branch Manager, Prime Mortgage Lending
on Fri Jul 18 2014, 4:00 PM
3.5 most relevant right now
Oliver Orlicki
Senior Loan Originator, Innovative Mortgage Services
on Fri Jul 18 2014, 4:00 PM
mg, we on the 3.5 or 4?
on Fri Jul 18 2014, 2:45 PM
Hey all, do any of you know of a specific rule that dictates the need to separate non married coborrowers on 1003's?
on Fri Jul 18 2014, 11:53 AM
DC: Fannie Mae MRI guide states no more than 10%
Brent Borcherding
Loan Officer, Capital M Lending
on Fri Jul 18 2014, 11:53 AM
JO, is there a specified reason the group owns the 30%. We have an investment condo in Chicago that the builder was required to keep 30% for rentals in a redeveloping neighborhood, it was part of the agreement with the city. Fannie approves the condos, on a case by case basis, if documented.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.20%
  • |
  • 15 Yr FRM 3.33%
  • |
  • Jumbo 30 Year Fixed 4.04%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps -8.12%
  • |
  • Refinance Index -10.20%
  • |
  • Purchase Index -1.77%