This Is The Week Ahead for January 31st - 01/31/10 11:13 PM
If last week didn't have your head spinning from the FOMC meeting, the first State of the Union Speech by President Obama and mixed remarks from Barney Frank, then this week should be right up your alley. Monday's first economic report will be the January's Personal Income and Outlays. Not only do the experts expect an increase in consumer's ability to spend, but they also expect current spending to rise both by 0.3%. Also on slate for tomorrow is January's Institute of Supply Management (ISM) Manufacturing Index. As one of the earliest pieces of economic data released each month, expectations are … (2 comments)
Weekly Blog Update for the Week Ending January 30th - 01/30/10 05:33 PM
Thank you for reading my ActiveRain blog where I share my personal insight as a mortgage planner. Did you know that I also write an outside blog dedicated to Northwest Indiana mortgages and real estate?
This is a summary of my newest blog entries from the past week from WelcomeHomeNWI.com. Publish Date: January 29, 2009Are Home Values Up or Are Home Values Down?Excerpt: Reporting on a two-month lag, the government said home values rose 0.7 percent in November. National home prices are at their highest point since February 2009. But before we look too much into... Publish Date: January 27, … (0 comments)
The Irony - HAMP Offered Stated Income Loan Modifications - 01/28/10 05:18 PM
With so much talk about the Federal Open Market Committee's press release yesterday, Apple's new iPad, the lackluster state of the union address last night and a variety of other business related news, I wouldn't blame you for missing the anti-climatic revisions to President's Obama foreclosure prevention plan. Today's press release by the Treasury Department was to have been the next step forward to improve the effectiveness of the Making Home Affordable Program (HAMP). If you recall, HAMP was launched last April to slow down the rapid rise in foreclosures through loan modifications. Here are some interesting results of HAMP as of year end 2009. Only 66,500 … (2 comments)
Let's Get Excited Indianapolis, BarCamp is Coming! #rebcin - 01/24/10 12:55 PM
As I am writing this post, I have my HP Mini 2140 charging up and downloading any updates that it may need in preparation for Real Estate BarCamp Indiana tomorrow. I also have my iPhone plugged into iTunes to see if there are any apps that I might need updated and/or downloaded in preparation to endure this day long event. I have had many individuals ask why I would subject myself to waking up at 4 AM, CST to make the 2-1/2 hour drive from my home in Chesterton Indiana all the way to Indianapolis Indiana where the event is to … (5 comments)
Weekly Blog Update for the Week Ending January 23rd - 01/24/10 12:16 PM
Thank you for reading my ActiveRain blog where I share my personal insight as a mortgage planner. Did you know that I also write an outside blog dedicated to Northwest Indiana mortgages and real estate?
This is a summary of my newest blog entries from the past week from WelcomeHomeNWI.com. Publish Date: January 22, 2009Housing Starts Down Now, But Housing Permits Heat UpExcerpt: A "Housing Start" is a privately-owned home on which construction has started. It's an important gauge of housing health because it tracks new housing stock nationwide. In December 2009, starts... Publish Date: January 21, 2009New FHA Guidelines … (0 comments)
How Long Can FHA Sustain Their Role in the Housing Market? - 01/19/10 04:54 PM
When it comes to home buyers in Northwest Indiana, FHA insured mortgages have become the preferred choice of record. This also appears to be the sentiment throughout the country as FHA insured loans have risen to account for 25% of all mortgages as recently as the 3rd quarter of 2009 according to Inside Mortgage Finance. FHA has definitely received the lion share of the mortgage spotlight as it has made a precipitous return to the landscape of residential financing since 2006 when it only insured 2% of the mortgage market. The big discussion today was about FHA's role and ability to … (2 comments)
Up until last year, I actually misunderstood the meaning behind this holiday dedicated to Martin Luther King, Jr. I originally thought that this holiday was a day to recognize a dream towards equality. Through my research, I learned that this day did not become a federal holiday until November 3, 1983 when former President Ronald Reagan singed the Holiday Bill establishing the 3rd Monday of January as Marting Luther King, Jr a National Holiday. Although it was signed in … (2 comments)
Weekly Blog Update for the Week Ending January 16th - 01/17/10 02:05 PM
Thank you for reading my ActiveRain blog where I share my personal insight as a mortgage planner. Did you know that I also write an outside blog dedicated to Northwest Indiana mortgages and real estate?
This is a summary of my newest blog entries from the past week from WelcomeHomeNWI.com. Publish Date: January 15, 2009Optimism within RealtyTrac's 2009 Foreclosure ReportExcerpt: Like real estate, it appears that foreclosure activity is a local phenomenon, too. As reported by RealtyTrac.com, more than half of all foreclosure-related activity in 2009 came from just 4... Publish Date: January 14, 2009December Retail Sales Drop and Now … (1 comments)
Weekly Blog Update for the Week Ending January 9th - 01/12/10 12:11 AM
Thank you for reading my ActiveRain blog where I share my personal insight as a mortgage planner. Did you know that I also write an outside blog dedicated to Northwest Indiana mortgages and real estate?
This is a summary of my newest blog entries from the past week from WelcomeHomeNWI.com. Publish Date: January 8, 20092010 FHA Loan Limit Restrictions As Outlined by HUDExcerpt: FHA home loans are federal assistance mortgages made by lenders, and backed by the government. The FHA doesn't make loans to homeowners -- it insures loans made to homeowners by... Publish Date: January 7, 2009Surprise! Federal Reserve … (1 comments)
How Will Your Real Estate Business Be Affected by Higher Mortgage Rates - 01/06/10 06:10 PM
It seems as if everyone has finally come to the consensus that mortgage rates have only one direction in 2010 and that is up. Many will also agree that as mortgage rates continue to rise that home affordability will decline as they are inversely related. What isn't so clear is the relationship between higher mortgage rates and the overall impact on real estate transactions. I was watching CNBC's Diane Olick - Daily Realty Check for an update on Commercial Mortgage Backed Securities early this afternoon. Although the delinquency rates are even more frightening in commercial real estate, the tail end of her update … (5 comments)
This Is The Week Ahead for January 3rd - 01/03/10 11:53 PM
2009 ended on extreme volatility for mortgage rates and mirrored the broader market throughout the year. Although home loan rates fell to the lowest rates ever in 2009, mortgage rates have trended upward since mid-November. There is much anticipation for higher rates ahead as the Federal Reserve begins to back out of the purchase of mortgage backed securities at the end of the 1st quarter. So what's in store for the first trading week of the 2010? Monday's first economic report will be the December's Institute of Supply Management (ISM) Manufacturing Index. It is anticipated for a reading of 54.0 which … (2 comments)
Weekly Blog Update for the Week Ending January 2nd - 01/02/10 10:10 PM
Thank you for reading my ActiveRain blog where I share my personal insight as a mortgage planner. Did you know that I also write an outside blog dedicated to Northwest Indiana mortgages and real estate?
This is a summary of my newest blog entries from the past week from WelcomeHomeNWI.com. Publish Date: December 31, 2009Will You Make A Difference with Your Life in 2010?Excerpt: As we begin to enjoy the last hours and minutes of 2009, there is so much anticipation for a better 2010. 2009 has definitely been a challenge to so many households in Northwest Indiana... Publish Date: December 30, 2009October … (2 comments)
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If last week didn't have your head spinning from the FOMC meeting, the first State of the Union Speech by President Obama and mixed remarks from Barney Frank, then this week should be right up your alley.
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