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Home  » Directory  » Jeff Hutchison
Jeff Hutchison
Senior Loan Officer,  Emery Federal Credit Union

Cincnnati,  Ohio  45249
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"Hi Adam, are any investers but the feds buying mbs's today in substantial quantities? Are the Feds the reason for the price increase today? If other's are buying what percentage do they represent of total volume vs. the Feds? thanks."    View Comment
"I see rates moving up from here into the spring/summer. Now we have Geithner stating that there will def. be changes to fannie mae. Who knows what that will be. China has threatened to dump all of their Fannie Mae MBS's as there is no current valuation on the underlying mortgages for past MBS purchases. No one knows how many loans are performing and how many are not performing, or what the composition is of these mortgages making up the securites issued in the past. My position is Lock, Lock..."    View Comment
"I believe we will not have many more days where 3 peices of data will lead to pricing improvements in the MBS market. How often has that happened in the last 90 days? Oil was down yesterday $1.49ish in addition to the economic data, and the Michigan Consumer Sentiment. On the way home from picking up my daughter after school I noticed several new home subdivisions that are now "sold out" and/or buidling new homes. Slowly, quietly these builders of new homes in the 500k to 770K range have..."    View Comment
"Economist surveyed for this article expect only a moderate rise in interest rates due to Fed ending MBS purchase program? How can that be when the Feds were the only ones buying? A chart presented on this site clearly shows the drop off in mbs purchases over the last month while pricing has worsened dramatically on the low end of the coupon range. We have seen pricing worsen by .75 - 1 full point in the last week alone on rates from 4.5% to 4.875%."    View Comment
"Adam, do you think we will break through floor support and not come back? thanks."    View Comment
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Forum Posts
"Dwight Brewer: Loan State: Florida Loan County: Osceola Loan Type: Refinance (Rate and Term) Loan Amount: $680,000 Property Value: $860,000 LTV: 79% FICO: 791 DTI: 30 Occupancy Type: Owner-Occupied Property Type: Single Family Residence Hello Dwight, we can offer the same terms on 30 year fixed: or a 7/1 arm at 4.875% with 0 lenders fees and 0 points or 4.625% with 1 point. http://www.amerisave.com/partner/jhutchison"    View Post
"I'm torn on this issue but believe the Feds will step back in at some point. The Fed's have spent massive amounts of money - 1.25 trillion dollars - purchasing fannie mae and ginnie mae mortgage backed securities. They have been the single biggest purchaser, as I understand, investing millions and even billions of dollars per trade on mortgage backed securities. It appears as though they believe their need for involvement in the securites market would dimish to the point that tradional investors..."    View Post
"Bob, if you want to see comparable rates on the 15 year fixed with 0 buy down points it is available."    View Post
"current rates are under 5.0% fannie mae and fha with 0 points depending on your specifics."    View Post
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