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The 2nd quarter of 2008 began on a positive note for mortgage borrowers, as a relative lack of news caused the Mortgage - Treasury spread to narrow from its March 13th peak at 2.60% to a low of 2.03% May 30th. The Mortgage Treasury spread is an indicator of relative risk … (2 comments)
Tyler's Daily Blog is Found at WealthWithMortgage.com .
Also, If you have any questions, please don't hestitate to contact Tyler and his team!
Really it's all perception...
Our government created Fannie Mae during the Depression as a part of the New Deal to buy and secure mortgage debt freeing banks to get mortgages off of their books so they could make more loans and sell them to investors (a majority of whom are Chinese now), making home ownership … (0 comments)
As anyone in the Real Estate industry knows, Fannie and Freddie (as are many financial institutions) are going through very tough financial times, both having taken huge quarterly losses yet again.
Fannie Mae and Freddie Mac were both set up by the federal government (Fannie in 1938 and Freddie in 1970) to help Americans buy and keep the homes they purchased. Both Fannie and Freddie buy mortgages from banks. The mortgages they are buying are the ones the banks provide homeowners to purchase their homes. … (6 comments)
President Bush on Wednesday signed into law a sweeping housing bill that aims to boost the struggling housing market and bolster mortgage finance giants Fannie Mae and Freddie Mac. The Senate voted 72-13 in favor of the bill on Saturday, after the House passed it three days earlier.
Well if you haven't already noticed Sec. Paulson has been all over touting his covered bond program, too bad he ripped it off from our over seas friends, not to worry no of us pay much attention to anyone else globally anyways...lol. His program is being back (no surprise) by the … (1 comments)
So Freddie and Fannie have been saved by the government. And I guess that a good thing. My only concern is that this is to my recollection the second time just this year that the government has stepped in to the private sector and literally bailed out a company. Where … (1 comments)
Upon the President signing the new housing bill, the following changes will take place:
In the last few months, I have run into several scenarios where borrowers are looking to refinance their home and I simply tell them I don't think it makes sense. No, you don't have to re-read that sentence, you read it correctly. I turn away customers all the time because I … (3 comments)
For those of you puzzled by seasoning requirements for conventional owner occupied and non owner occupied purchases, coupled with wanting to "cash out" refinance to leverage future purchases, here are a few items of clarification based on multiple questions concerning cash-out refinances (title seasoning & valuation) so bear with me: I … (0 comments)
Today, The White House announced that the President would lift his opposition to a Housing bill being voted on today in the House of Representatives. This bill includes several upgrades for homeowners accross America. It provides tax credits for first time homebuyers of up to $7500. Property Tax credits for other … (0 comments)
I guess I could not have picked a better day to do my 300th blog. 
US Stocks began the day on the uptick, but have since turned sour, mainly on concerns over financials. Mortgage Bonds reacted well to the government actions regarding Fannie, and Freddie, and have made up most of Friday's losses. 
The Crisis of Confidence....that's probably the best way to describe it. 
Unless you have been in a cave for the last week, the news in the financial arena is at best frightening, at worst a disaster waiting to happen. Just when the public is ready to start buying again, at least in Orange Co. Calif., Indy Mac has to be taken over … (5 comments)
Just more good news for this market - if it is not Freddie and Fannie being taken over it is the fromer high flyer Indy Mac
I still snicker a little bit when I think back to the July 1, 2008 news that boasted the fact that we didn’t “officially hit bear market”. The National Bureau of Economic Research has a pretty good description of what a recession consists of (read about it here for yourself). It … (0 comments)
We heard recently from one of the lenders we deal with that Fannie Mae is killing its broad declining market policy. Before you celebrate, though, read on to see what plans they have for real estate!
As recently as January 2008, Fannie Mae decided that labeling entire zip codes or counties … (1 comments)
Due to a lawsuit brought about in New York, a settlement was reached between the state of New York and the GSE’s (aka Fannie Mae and Freddie Mac) whereby the GSE’s would implement the Home Valuation Code of Conduct (HVCC) and in turn, the state of New York would drop their … (1 comments)
These are FNMA's comments from an executive in Capital Markets on the selloff in MBS.
This is the latest information that Metro Arizona Mortgage is reporting from the NAR: 
Home prices and mortgage interest rates are really looking attractive now (in my area at least). Do keep in mind, however, that Fannie Mae and Freddie Mac have recently implemented increased delivery fees and new loan-level price adjustments. For borrowers with scores below 680 you'll have to pay the following additional … (0 comments)
There are many factors that have driven up the rates of jumbo sized loans, and stated income higher. While conventional Fannie Mae backed and FHA backed home loan rates have enjoyed a recent rate reduction. You may have recently read about the -.0.75% decrease in Fed Funds rate . You … (0 comments)
The White House and Congress have worked out a plan as part of the economic stimulus package, to raise the limit on the size of home loans insured by Fannie Mae and Freddie Mac from $417,000 to $729,750 for one year. This move would make jumbo loans more attractive to investors who since … (1 comments)
OK, I think I deserve a gold star for the headline of this blog...now on to the content:
Carlos wrote today that the cap on conforming loans is at the heart of the mortgage and real estate market crisis. What he means is that Fannie and Freddie cant buy loans from lenders beyond a certain loan amount. This is true, but it is not really the issue, and markets … (4 comments)
From InmanWiki
Last Thursday the mortgage lending industry was hit with a shockingly abrupt rate increase due to a Wall Street “risk-adjustment.” This risk adjustment translated into across the board rate increases, particularly on non-conforming and non-A paper loans. What is this risk-adjustment and how does it affect mortgages at a consumer … (0 comments)
It's good to see more lenders intervening to assist current homeowners, and reduce the number of foreclosures! The following strategies should assist many families. Financial and political pressure are motivating lender to try to avoid foreclosures, lenders are taking action on several fronts: