HouseandSenateDemocraticleadersareurgingtheBush
administrationtoactmoreforcefullyinaddressingthe
foreclosurecrisis,andtheyarethreateningtopassa
measuretotemporarilyraisethecapsonFannieMae\'sand
FreddieMac\'sportfoliosiftheadministrationdoesnot
takesuchactionquickly.
FannieandFreddiecouldprovidemoreliquiditytothe
mortgagemarketandhelpsubprimeborrowersrefinancetosavetheir...[
阅读全文]
Itseemslikethatit\'spossiblethatthecongresswouldallowGSEs(FannieMaeandFreddieMac)totemporarilyincreasetheconforming
loanlimitsotahtitwillprovidea\'shorttermliftofthecurrentJumboLoanMarket.
Butit\'sunlikelythattheconformingloanlimitwillbeincreased
inthenearfuture.
(InCalifornia)OnSep20th,Gov.ArnoldSchwarzeneggerwrotea
lettertoCongressionalleadersaskingforastateexception
toth...[
阅读全文]
1)CountrywideHomeLoanswhosesubprimeservicingportfolio
hasadelinquencyratenorthof20%alsohas$188millionin
foreclosedrealestateonitsbooks.(Attheendoflast
Decemberthatfigurewasjust$27million.)
2)TheMortgageInsuranceCompaniesofAmericasaidits
membersreportedinsurancedefaultsof58,441inAugust,
a30%jumpfromthesamemonthlastyear.Thatsoundslike
abadnumberbutlookonthebrightside:thed...[
阅读全文]
Therateisgettingbetterontheweakhome
saledata.Herearetheratesfornoclosing
cost:
Conforming(30yrfixed6.000%15yrfixed6.000%5/1ARM6.000%3/1ARM6.000%Jumbo(417k)
30yrfixed7.000%
7/1ARM6.625%
5/1ARM6.250%
3/1ARM6.125%
2/1ARM5.750%
CallEricFang650-483-9278
oremaileric_fang_loan@yahoo.com
forotherprogramorrates.
orQQHCaLoanAgent.[
阅读全文]
Alltheratesarefornopointsnofees:
Conforming(30yrfixed6.000%15yrfixed6.000%5/1ARM6.000%3/1ARM6.000%Jumbo(417k)
7/1ARM6.375%
5/1ARM6.250%
3/1ARM6.250%
2/1ARM5.750%
CallEricFang650-483-9278
oremaileric_fang_loan@yahoo.com
forotherprogramorrates.
[
阅读全文]
Thegovernment\'stwotopeconomicgunsbelieveitis
onlyamatterofmonthsbeforethejumbomortgage
marketrecoversandbeginsoperatingnormallyagain.
FederalReserveBoardChairmanBenBernankeandTreasury
SecretaryHenryPaulsontoldacongressionalpanelthat
thejumbomarketisunderstressbutwillbefunctioning
normallyagaininafewmonths.Thejumbomortgage
markettraditionallyhasbeenaveryprofitablepart阅读全文]
HereistheZTfromaBanker:
Beenagoodafternoonforallofus;betterthanwecould
havehopedforinfact.Inamoreaggressivemovethan
wasgenerallyexpected,theFedcutthediscountrateand
fundsrateby50basispointsinaunanimous10-0vote.
We’vebeengettingafewquestionsaboutwhatthisactually
means.So,wedidsomebrainstormingoverhereand
here’swhatwecameupwith.
TheactionandcommentarybytheFedthisaft...[
阅读全文]
TheFedishavingFOMCmeetingtodayandtomorrow.
ItisexpectedthatFedwillcut0.25%atthismeeting.
ButitwillnotaffcetthemortgageRate.
Alltheratesarefornopointsnofees:
Conforming(30yrfixed5.875%15yrfixed6.000%5/1ARM5.875%3/1ARM5.875%Jumbo(417k)
15yrfixed6.625%
7/1ARM6.625%
5/1ARM6.250%
3/1ARM6.250%
CallEricFang650-483-9278
oremaileric_fang_loan@yahoo.com
forotherpr...[
阅读全文]
Alltheratesarefornopointsnofees:
Conforming(30yrfixed5.875%15yrfixed5.875%5/1ARM5.875%3/1ARM5.875%Jumbo(417k)
15yrfixed6.500%
7/1ARM6.500%
5/1ARM6.250%
3/1ARM6.250%[
阅读全文]
Today'snewshasledtofurtherspeculationthattheFedwill
cutkeyshort-terminterestratesattheirnextFOMCmeeting
onSeptember18th.Therewassomewhatofadivisionamongst
analystsbeforetoday'sdataonwhethertheratecutwouldcome
atthisnextmeetingorlaterintheyear.
Theonlydebatebymostofthemnowiswhetherwewillsee
aquarterorhalf-pointcutthismonth.Isuspectwewillsee
plentyofspeculationandvolatili...[
阅读全文]