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"Fannie and Freddie: "Where the Money Went""
Published: 5/25/2012
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  • Kelcey Morange
    Answers: 100
  • MisterVA
    Answers: 94
  • Antonio Cibella
    Answers: 81
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scot shumway
on Fri May 25 2012, 2:14 PM
I find this post slightly amusing actually. There is nothing unconstitutional or illegal about requiring fingerprints for a position (verified by 2 constitutional law professors, and a legal director at the FBI) where an individual has access to others private information, ie: financial info. I have never seen an individual with nothing to hide complain about strict regulations, in fact the exact opposite is the case. Most professionals welcome the regulations because it strengthens their image and credentials. In other words it is a selling feature to the customer. If someone, or agency wished to have access to your private information and use it to damage you, do you really think that fingerprints are a contributing factor? Most crimes against individuals involving identity do not rely on fingerprints. Just because the FBI has your prints in file does not make you vulnerable, or a criminal, just ACCOUNTABLE.
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 1:23 PM
of course, it's only ever a "recommendation" but i don't know anyone who isn't taking them up on it.
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 1:23 PM
http://www.sifma.org/news/news.aspx?id=8589938739
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Victor Burek
Mortgage Planner, Benchmark Mortgage
on Fri May 25 2012, 1:21 PM
are stocks and bond market closing early today?
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Andrew Horowitz
on Fri May 25 2012, 1:21 PM
Oh absolutely the world will be flooded with more drachmas than shares of FB
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Adam Quinones
MBS/ABS Product Manager , Thomson Reuters
on Fri May 25 2012, 1:21 PM
Greece will try to inflate out of the hole
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Adam Quinones
MBS/ABS Product Manager , Thomson Reuters
on Fri May 25 2012, 1:19 PM
next major support level
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Adam Quinones
MBS/ABS Product Manager , Thomson Reuters
on Fri May 25 2012, 1:19 PM
1.22
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 1:19 PM
I have no idea what it would go to TR, but I'm starting to see some articles mentioning a parity break as one of the uglier possible scenarios.
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Andy Pada
VP, 1st 2nd Mortgage Co.
on Fri May 25 2012, 1:19 PM
Exit of the Eurozone aka "When PIIGS Fly"
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 1:19 PM
matt damon fights hordes of unemployed drunken spanish 20-somethings?
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Ted Rood
Senior Mortgage Consultant, Wintrust Mortgage
on Fri May 25 2012, 1:19 PM
The "Catalonia Effect" would be a great name for a new Bourne movie
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Ted Rood
Senior Mortgage Consultant, Wintrust Mortgage
on Fri May 25 2012, 1:19 PM
dead cat bounce. What does it go to if, er, I mean, when PIIGS start defaulting left and right on their obligations??
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Dirk Postupack
buckslugger7
on Fri May 25 2012, 1:19 PM
Just an FYI and update......Everbank does not take MI transfers from UG or CMG......CMG being the newest......they are however trying to work out the details to work with CMG but it may take some time.......any suggestions on who may take CMG transfers beside plaza?
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Ted Rood
Senior Mortgage Consultant, Wintrust Mortgage
on Fri May 25 2012, 1:19 PM
They intended to put it all on the 6 horse, had a hot tip from Greece he was going to "win for fun" today.
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Ted Rood
Senior Mortgage Consultant, Wintrust Mortgage
on Fri May 25 2012, 1:19 PM
Catalonia asked Spain if it coud borrow 24M euro "until Tuesday". Just didn't specify which Tuesday.
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Chris Kopec
President, Owl Tree Mortgage Company
on Fri May 25 2012, 1:18 PM
No, but between now and Friday.....ADP/UE/GFP/NFP all clustered inside 4 days......we usually get the gut punch prior to NFP, and we are losing a day on Monday. Tuesday could get choppy.
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Victor Burek
Mortgage Planner, Benchmark Mortgage
on Fri May 25 2012, 1:18 PM
why lose 4 days locking today
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Victor Burek
Mortgage Planner, Benchmark Mortgage
on Fri May 25 2012, 1:18 PM
not between now and Tuesday
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Chris Kopec
President, Owl Tree Mortgage Company
on Fri May 25 2012, 1:17 PM
Rates could go a little lower, or a lot higher.
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Matt Hodges
Loan Officer, Presidential Mortgage Group
on Fri May 25 2012, 1:17 PM
consider that fact carefully everyone. CK is locking..nuff said
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Adam Dahill
WCS Lending
on Fri May 25 2012, 1:17 PM
nada I'm waiting for greece to go bust
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Chris Kopec
President, Owl Tree Mortgage Company
on Fri May 25 2012, 1:17 PM
Me
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Aaron Buyside Meyer
Mortgage Officer, First Bank Financial Centre
on Fri May 25 2012, 1:17 PM
anyone locking today?
A Anderson
on Fri May 25 2012, 1:11 PM
Any idea on when Freddie Mac will decide whether it's backing Tier 2 Hamp Modifications effective June 1st?
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Victor Burek
Mortgage Planner, Benchmark Mortgage
on Fri May 25 2012, 11:09 AM
if lockign today, i would do so early..lenders may reprice worse later ahead of the long weekend
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Ted Rood
Senior Mortgage Consultant, Wintrust Mortgage
on Fri May 25 2012, 10:32 AM
-- The yield on Spain's 10-year government bonds shot higher on Friday after the president of one of the country's autonomous regions reportedly said it would need help from the government to refinance debt this year. Catalan President Artur Mas told a group of foreign reporters that Catalonia is running out of options. "We don't care how they do it, but we need to make payments at the end of the month. Your economy can't recover if you can't pay your bills," Mas reportedly said. Who knew?????
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Adam Quinones
MBS/ABS Product Manager , Thomson Reuters
on Fri May 25 2012, 10:32 AM
lots of folks taking half days
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Ted Rood
Senior Mortgage Consultant, Wintrust Mortgage
on Fri May 25 2012, 10:32 AM
What else is new? Traders are all gone for the weekend already.
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Adam Quinones
MBS/ABS Product Manager , Thomson Reuters
on Fri May 25 2012, 10:32 AM
Street seems sleepy today
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Andrew Horowitz
on Fri May 25 2012, 10:31 AM
some know that there is a problem but they do not understand the magnitude of the issue
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Andrew Horowitz
on Fri May 25 2012, 10:31 AM
sad to say this, but the average American is oblivious to the events that are unfolding across the pond
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:31 AM
'collapse' may be too strong a word
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:31 AM
yeah, it's crazy that US sentiment is the best since 2007 and we're on the brink of global financial "something or other"
Geoff Allison
on Fri May 25 2012, 10:31 AM
I second MH.
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Matt Hodges
Loan Officer, Presidential Mortgage Group
on Fri May 25 2012, 10:31 AM
I'm confident that will break lower next month with the EU imploding
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS - EXPECTATIONS INDEX AT HIGHEST SINCE JULY 2007
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS - CURRENT CONDITIONS INDEX AT HIGHEST SINCE JAN 2008
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS - INDEX AT HIGHEST SINCE OCT 2007
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS - 12-MONTH ECONOMIC OUTLOOK INDEX FINAL MAY 91 VS PRELIMINARY MAY 88
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS - EXPECTATIONS INDEX FINAL MAY 74.3 (CONSENSUS 71.5)
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS - THOMSON REUTERS/U. OF MICH CURRENT CONDITIONS INDEX FINAL MAY 87.2 (CONSENSUS 87.1) VS PRELIMINARY MAY 87.3
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS - THOMSON REUTERS/U. OF MICH US CONSUMER SENTIMENT FINAL MAY 79.3 (CONSENSUS 77.8) VS PRELIMINARY MAY 77.8
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Andrew Horowitz
on Fri May 25 2012, 10:30 AM
Euro is the proverbial falling knife
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
FYI, 1.250 had been a technical support level for the EUR= and potentially some sort of "cleansing" cue for technicians or strike price for options. It poked briefly down to 1.2495 around 20 minutes ago and has been picking up steam on a relative lack of data, now at 1.2535. That's what's behind the current bounce in bond markets, and I'm watching to see if it breaks back through pre-Spain-Headline levels or if it retests 1.250, and the concomitant reaction in bond markets. So far, hitting a
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MMNJ
Managing Partner, West Town Savings Bank
on Fri May 25 2012, 10:30 AM
i was just thinking the same think Mike
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Mike Drews
Vice President, The Federal Savings Bank
on Fri May 25 2012, 10:30 AM
Nice to not see a selloff the day before a 3 day weekend for once
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
that makes things pretty simple re: y'day's "on again off again" headlines about Euro-zone officials' requests for member states to work on contingency plans.
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Matthew Graham
Rates Strategist, Author, Mortgage News Daily / MBS Live!
on Fri May 25 2012, 10:30 AM
RTRS- FRENCH BANKS DRAWING UP GREEK EURO ZONE EXIT CONTINGENCY PLANS-SOURCES
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Jason Harris
Mortgage Consultant, PNC Mortgage, A Division of PNC Bank
on Fri May 25 2012, 10:30 AM
Victor...if I am not mistaken 20% is correct...at least that is how our u/w goes on IRRL
 

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