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Arrggghhh mi maties - that flea bitten land lubbin stowaway Vic Burek is a Red Sox fan - make him walk the plank!!!!
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With investor reaction to close out last week (Stocks selling) - makes you wonder if we may hit a tipping point on the Equities Market. News isnt getting any rosier with most revenue streams downs (I know Amazon was up - but they also has aquisitions) - the fix is in with GDP (will be positive with most analysis thinking plus 3%) if stocks sell in the
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Unfortunately, I disagree with light at the end of the tunnel. The housing market supported 25 quarters of constant economic growth and we have seen 4 quarters of contraction. We have strong headwinds in our future including the Commercial real estate bubble (which has only been exacerbated by all the business failings). You have Alt-A and Many Option
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I thought I would throw something out there for people to chew on. I just priced out a vanilla loan structure (LOW LTV: PERFECT CREDIT; CONFORMING LOAN) and got a par rate hovering around 5.5-5.625% yet the market is easily supporting a par rate closer to 5.25%. I think it is a perfectly legitimate question to ask why some (not all) lenders are not
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I thought I would throw something out there for people to chew on. I just priced out a vanilla loan structure (LOW LTV: PERFECT CREDIT; CONFORMING LOAN) and got a par rate hovering around 5.5-5.625% yet the market is easily supporting a par rate closer to 5.25%. I think it is a perfectly legitimate question to ask why some (not all) lenders are not
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Adam, If you are talking about the 7 foot rim that you have to practice on with your nerf ball because you have no hops and your hands are soft then - yes you may someday dunk on me. If you are talking about a 10 foot rim with an NBA ball - the odds of you ever even touching a ball when we play are low let alone you getting an opportunity to dunk on
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The War Room is a place where only the most dedicated and sophisticated Mortgage Professionals go in order to get the most up to date information on market data, trends, and future outlooks. Only those Mortgage Professionals who want to take their game to another lever and provide the most comprehensive service to their customers sign on to the War
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I think Lenders have not rallied behind brokers (yet) because there is still finger pointing and misdirected blame going on. The role of the broker will once again dominate in the future
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Depends. MBS has realigned with other market forces (IE Treasuries and Stock Levers) - we most likely wont see a rally in rates until the equities market cools off. That will probably be mid 3rd quarter to end of the year (guessing). I was hoping sooner but the unfettered optimism in Equities has gotten in the way quite a bit
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HMMMM - the best moments in War Room history is when Steve Feiden signs off.....