Chris McDonald's (chrismcdonald) Blog

Monday's bond market has opened in positive territory following some early stock weakness. The stock markets are mixed with the Dow down 49 points and the Nasdaq up a single point. The bond market is currently up11/32, but we will likely still see a slight increase in this morning's mortgage rate...

 This was a post from a previous General Manager for Palm Harbor. SELL... I've said it before... it takes time to run a company like this in the ground.The GM's that were left in the south east are good people and good businessmen, if not they wouldn't have been able to withstand the personal att...

 Lock a jumbo today as low as 5.875%. Buy downs are also avail. chris.mcdonald@hometownlendersllc.com

By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp (BAC.N: Quote, Profile , Research) on Thursday said Countrywide Financial Corp's (CFC.N: Quote, Profile , Research) second- highest ranking executive will run its mortgage business, and a large Countrywide investor said it opposes the ...

Florida's attorney general is investigating Countrywide Financial  Corp., a beleaguered California-based mortgage lender, for possible unfair and deceptive business practices related to its home loans. The subpoena, dated Jan. 17, directs Countrywide to provide documents and other information des...

Pulte Homes rallies to 3-mo. high on improved liquidity; BofA lifts price target January 31, 2008: 11:52 AM ESTNEW YORK, Jan. 31, 2008 (Thomson Financial delivered by Newstex) -- Shares of Pulte Homes (NYSE:PHM) surged to a 3-month high Thursday, as Wall Street cheered the third-largest homebuild...

Pulte Homes rallies to 3-mo. high on improved liquidity; BofA lifts price target January 31, 2008: 11:52 AM ESTNEW YORK, Jan. 31, 2008 (Thomson Financial delivered by Newstex) -- Shares of Pulte Homes (NYSE:PHM) surged to a 3-month high Thursday, as Wall Street cheered the third-largest homebuild...

Thursday's bond market has opened in positive territory following early stock weakness. The stock markets are giving back some of yesterday's late gains with the Dow down 90 points and the Nasdaq down 19 points. The bond market is currently up 8/32, which should improve this morning's mortgage ra...

Hey mortgage industry, fear not... pricing gets better. The first FOMC meeting of the year has adjourned with news of another cut to key short-term interest rates. In addition to last week's surprise .750 reduction, the Fed dropped them another .50 of a discount point at this meeting. The move di...

  Fed rate to 1.5% follow link to Jim Cramer... Good Stuff.http://link.brightcove.com/services/link/bcpid1155328549/bclid1111461880/bctid1387565711