Peter Buchsbaum's (peterbuchsbaum) Blog

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Mortgage and Lending - Gateway Funding - NMLS#133257

ARCHIVED BLOG POSTS

2011 

Market Focus: Will this weeks reports continue to point to a slowdown? The agenda is heavy on economic reports and culminates with the release on Friday of the government's monthly jobs report. While always closely watched, this report will be especially critical. Stocks are on pace to have their...
05/30/2011
Market Focus: All we really know about the "busy"-ness of next week is that the calendar is fairly well occupied. It's not certain that we'll see a level of volume justified by the goings on. Although Monday is quiet, the next 4 days of the week will contain Durable Goods, GDP, 3 TSY Note auction...
05/23/2011
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I recently read Dr. Seuss' book titled "If I Ran The Circus" and thought what if I ran the mortgage circus. First some history. According to the book there is a vacant lot behind Sneelock's store. Morris McGurk was a young man with big ideas and he thought that this was a great place for a circus...
05/17/2011
Each day we are inundated with news revolving around the housing sector of the economy. The governments role or lack thereof, the banks swimming in cash but not willing to lend money. The budget deficit. Fannie and Freddie insolvency. Uber tight credit restrictions.  Adding insult to injury the g...
05/17/2011
Market Focus: Housing versus manufacturing. Look to see who wins. Watch commodities.    Monday: Empire State Mfg Survey: The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent a variety of industries. On the first of each mon...
05/15/2011
As the end of the first quarter came to a close saw an article that I found to be so absurd it had to be true. Fannie Mae had moved to the top 5 spot of the Fortune 500 club. You read that correctly. Fannie Mae moved from 81st last year and now sits right behind Wall Mart, Exxon, Conoco, and Chev...
05/15/2011
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Writing a blog as a mortgage banker in a Real Estate forum is tricky at best. One role of a mortgage banker is to promote relationships with realtors as referral sources. The other is to facilitate a mortgage loan for a borrower that best serves their financial needs. Who then is my customer? As ...
05/15/2011
Market Focus:  Closely-watched economic numbers coming out this week include April retail sales, producer and consumer inflation figures and the first reading on May consumer confidence. Investors will also keep an eye on the weekly initial jobless benefits report, particularly since last week's ...
05/08/2011
Market Focus: Wall Street will have a busy five days to look forward to this week, with investors getting several closely watched economic reports while also digesting dozens of corporate earnings results. The main event comes Friday, when the Labor Department releases its April jobs report. Wall...
05/02/2011
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