Mortgage Servicing Crisis 2 – Forbearance
by HowGreatAreYourDanes Mortgage Servicing Crisis – Chapter 2 – Forbearances I submitted a post last week summarizing some issues in the mortgage industry. It was a long article from Barry … Read more
mortgage
Mortgage Relief Is Only for People Who Have Lost Jobs, Mnuchin Says
U.S. Treasury Secretary Steven Mnuchin said only homeowners who have lost their jobs because of the coronavirus crisis will qualify for new government programs that let borrowers put off mortgage … Read more
I’m a Loan Officer for one of the larger retail lenders. Here’s an overview of how the Fed gone and f*cked over mortgage lenders.
by HowGreatAreYourDanes Credit for the content below should go to Barry Habib of MBS Highway. THE CORONAVIRUS MELTDOWN The current coronavirus crisis is having a critical impact on the mortgage … Read more
Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls… The next financial crisis: A collapse of the mortgage system?
The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The … Read more
Chris Vermeulen: VIRUS CURVE, MARKET CRASH, AND MORTGAGE MASSACRE
by Chris Vermeulen of The Technical Traders In this last segment of our multi-part research article, we want to highlight our expectations of the Covid-19 virus event and how the next 6+ months … Read more
Chase refuses to offer any assistance for Mortgage customers.
by Pil3_Up Im in Michigan, where they just announced a 3 week stay at home order, and my job is not considered essential. Like the title says. I called Chase, … Read more
U.S. Orders Up To A Yearlong Break On Mortgage Payments
Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or … Read more
Logan on the “mortgage meltdown”. He says some lenders are concerned about EPO (early payoff risk). Other brokers have told me they get “no bid” on MBS. This is crazy.
Logan on the "mortgage meltdown". He says some lenders are concerned about EPO (early payoff risk). Other brokers have told me they get "no bid" on MBS. This is crazy. … Read more
Mortgage Hedging Sputters, Sapping Energy Behind Treasuries (Fed Tapped Out)
by confoundedinterest I had to read this Bloomberg headline several times: “Locust Swarms Ravaging East Africa Are the Size of Cities” Are the swarms the size of cities or the locusts? If … Read more
5 Tips For Choosing The Right Mortgage Lender For You
Getting a mortgage has become rampant because it provides a peaceful sensation, as it allows you to settle comfortably into a personal space that you can call yours. However, getting … Read more
Student loan debt is super debt, even worse than a mortgage on your house,”…
As the cost of college continues to rise, student loan debt has reached an all-time high. The combination is putting a particularly troublesome pressure on borrowers, one expert says. “Student loan debt is … Read more
Are CLOs the New Mortgage-Backed Securities? (w/ Danielle DiMartino Boot…
Are ultra-low interest rates putting monetary “beer goggles” on financial markets? Danielle DiMartino Booth of Quill Intelligence sits down with Peter Boockvar, CIO of Bleakley Advisory Group, to discuss the … Read more
Fannie Mae Takes Lead In Mortgage Risk Taking
by confoundedinterest Mortgage giant Fannie Mae recently released their Q3 2018 loan acquisition data base. And it revealed that Fannie Mae is seeing a spike in risk-taking. First, the average … Read more
Mortgage Rates Rise Again, As The Fed Lowers Interest Rates
by Mac Slavo of SHTFplan Mortgage rates are on the rise even though the Federal Reserve lowered interest rates once again recently. The 30-year fixed-rate mortgage averaged 3.78% during the week ending October … Read more
Where You Pay the Mostest and Get Approved the Leastest, so to Speak: Mortgage Rates, Fees & Denial Rates Differ Bigly by State
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It’s not always in the states with the highest home prices. The mortgage interest rate that a homebuyer faces and the mortgage fees, such as “points” … Read more
Mortgage Backed Securities Still Defaulting – Bad Omen for Real Estate?
by Martin Armstrong During the last Mortgaged Backed Security scandal which undermined the entire world economy, they created mortgage modifications which enabled millions of delinquent homeowners to avoid having their … Read more