There are some pretty creative folks out there, even in banking. Every once in a while someone will suggest a reward to residential borrowers for making their payment, instead of (what some would say) a reward for not making their payments. In some news out yesterday, Chase announced an incentive that...
Say what you want about current housing market conditions and the U.S. being eliminated from World Cup play, there is definitely a certain portion of mortgage bankers who are downright optimistic - and it's good to see. "I need to raise my hand as a 20-yr mortgage originator and say it's...
The National Association of Realtors released the Pending Home Sales Index data today. NAR's Pending Home Sales Index measures housing sales contract activity. A sale is listed as "pending" when a contract to purchase an existing home (single-family, condos, and co-ops) has been signed...
Its a slow day in the market so I looked back at Fannie Mae's April Economic Outlook . Below are some observations....I am curious to hear anecdotal feedback from the community. FANNIE MAE'S OVERALL OUTLOOK : A Long Slog to a Comeback From FN's analysis: We expect economic growth to have...
Attack of the FHA loan files? Most of the United States begins Daylight Saving Time at 2:00 a.m. on the second Sunday in March and reverts to standard time on the first Sunday in November. So by my calculations, that means that this Sunday here in the U.S. most of us "fall back" and it will...
According to the police, a Texas woman lived in an apartment with her dead boyfriend for a week. Know why he didn't marry her? Cold feet. And speaking of cold, here we are at the World Series...baseball in November in the Northeast. Lots of folks in mortgage banking like numbers and statistics, so...
America is a great country, but... Over the weekend I was talking to my two kids about not spending more money than you have. "Neither one of you makes much money, so you shouldn't go out and buy stuff that you can't afford - talk to your grandparents who lived through the Depression."...