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Blog entries tagged with "federal reserve":
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On December the 11th of 2007 when the Fed was on the edge of changing prime, I wrote the below blog at www.friscomortgageplanner.blogspot.com It's today that everyone in the mortgage and financial advising world are on the edge of their seats to see what the Federal Reserve decides on the recent … (0 comments)
The Fed Funds Rate is currently at 2%. Where do you think the Fed Funds Rate will be by the end of the year?
There have been several posts and articles about troubled banks and federal regulators increasing staff to manange upcoming failures. The last three banks to be closed were smaller banks that had evidently suffered liquidity problems from commercial real estate. Jim Crawford, of Atlanta, wrote about the most recent bank to fail.
Here are some excerpts from a speech given on September 10, 2003. It is amazing how today's housing bubble and Fannie Mae trouble is described so accurately. It's like the speaker had a crystal ball and could see into the future.
After several months of negotiations and veto threats by the White House, HR 3221, the "Housing and Economic Recovery Act of 2008" passed Congress and signed by the President last week. The nearly 700-page final bill combined a number of measures to modernize and reform the Government Sponsored Enterprises (GSEs), Fannie Mae and … (2 comments)
The Federal Reserve decided not to raise a key interest rate, indicating its deeper concern about a weak economy than rising inflation. In my opinion Keeping interest rates low will only prolong the dollar's slide against other currencies. And, while this may be good for financial institutions that operate on highly … (1 comments)
I wanted to take a moment and introduce you to an Affliate Company of John R. Wood ; Southview Mortgage and a terrific Mortgage Loan Consultant Ms. Mary Adams! 
Since 2005, housing prices have dropped about 15 percent. Resulting in a loss of about $3 trillion dollars in the U.S. household wealth.
Wednesday, July 30 2008
It would seem counter-intuitive. Housing prices are falling, but interest rates have to go up. 
I need your input. I got a call today from a Lender I use on a regular basis. He said he wanted to give me the heads up on one of the new Fannie Mae - Freddie Mac guidelines for first time home buyers. He told me that effective in the … (4 comments)
… (2 comments)
Yesterday the Federal Reserve released guidance to banks on subprime mortgage lending. Like most government initiatives, this guidance is a day late and a dollar short. In efforts to slam the lenders, the main stream media also forgot to ask one very important point about the guidance. Who exactly are these lending … (5 comments)
The Federal Reserve has today approved a final rule that offers consumers broader protection from unfair and deceptive acts and practices in mortgage lending. The rule prohibits unfair, abusive or deceptive home mortgage lending practices and restricts certain other mortgage practices as well.
Hi Friends!I'm sure you heard that IndyMac Bank's assets were taken over by FDIC. Thank goodness for FDIC! It's good to live in the United States. We are blessed to have so many safety nets.
There has been allot of talk recently about recession, the end of the mortgage industry as we know it, and let's be honest, key word searches on economic depressions are at an all time high. The big question is what's really going on with our economy, and are we collectively up … (12 comments)
When the FED last month , Chairman Bernanke hinted the move to either reduce or in that case remain the same could be the last in a series dating to past -September. 
I know many in real estate would like to remake the movie "Weekend at Bernies" to "Weekend with Bernake!" But you can't! Sooner or later the party had to end. This market is so fraugth with intrigue, fraud and drama no one knows what to believe anymore. I was thinking how in real estate … (10 comments)
Protect Yourself Financially Now That Interest Rates Seem Steady:
Fed Funds Interest Rate Unchanged 
In the old days (only a few years ago) it took eighteen months for federal economic policy to materialize in the markets. It is a big world out there and nothing works overnight. Rate increases or drops take time to move through markets and influence economies. This same incubation period, if … (4 comments)
Hey.. how are all the markets doing out there? We are far from the bottom. 2009 and 2010 represent over 700B in ARM resets. FHA won't save the day either. Such a farce, all this rhetoric, press, blog posts and hog wash over the credit crisis and mortgage fraud. Until the … (5 comments)
Just to recap, the old mnemonic I-D-E-A-L spells out the 5 reasons why real estate is a great investment, and we covered each of them briefly in the previous blogs.
Mortgage rates are slowly marching upward. Conforming 30-year fixed rates averaged 6.25 percent this week, an increase of 6 basis points from the previous week. Rates are going up today because of good economic and financial news - "good" being a relative term. Initial jobless claims were less than expected and … (0 comments)
An absolutely invaluable resource to us at January Financial is the daily emails we get from Barry Habib at the Mortgage Market Guide. If any brokers or loan officers out there are reading this, we highly recommend this resource!
Three weeks after adjourning, Federal Reserve officials release detailed minutes of their most recent meeting. 
A great mind exited the FOMC yesterday.
For the third month in a row, the economy shed jobs, suggesting that the U.S. is in a recession.
March's monthly loss of 80,000 jobs is the largest since March 2003 and follows January and February's losses of 76,000 each. The weak data is edging mortgage rates lower as we … (0 comments)
Many people believe when the Federal Reserve lowers rates, the mortgage rates go down. UNTRUE! Rates are predicated upon several factors; the main one being how the foreign investors view our dollar. If they sell our bonds, our rates go up and vice-versa.
That's exactly what the Bush Administration is proposing. Most of you (including me) won't remember the stock market crash of 1929 but it was a difficult time. Housing was really affected by the situation at that time too. My grandparents had purchased a home in Birmingham, AL (a cute, even today, … (0 comments)
All investments depend on making returns, which in turn are affected by macro cycles such as the Great Depression or the dot-com boom. When a market is receding, it makes more sense for long-term, stability-seeking investors to look elsewhere upon first glance. However, in the case of the housing market of … (0 comments)
The Fed did this! The Fed did that! Rates are up! Rates are down! Aaaagggh! Okay, now exhale. In turbulent economic times the media can’t wait to report what interest rates are doing. Pundits prognosticate, forecasters forecast and soothsayers sooth. When should you buy a home based upon interest rates and … (0 comments)
I read this article and thought you would find it interesting and very appropriate for today's market. I will restate something that is stated in the article below...Now is a great time to buy. There are some people that feel they should wait to see if homes prices will come lower. … (9 comments)
Four times annually, the Federal Reserve surveys 84 different banks about general banking conditions.One of the survey questions asks about current mortgage lending standards and whether they are loosening or tightening.The chart at right is from the April 2008 survey and it illustrates what we already know: It's getting tougher and … (1 comments)
Which industry has the biggest impact on mortgage origination volume and Real Estate Sales?
- New home construction
- Technology and software
- Federal spending
- Sales of existing homes
- Credit card lending
I would bet that in these economic times that it is the last one. Why? We have … (0 comments)
The Federal Reserve dropped their short term Federal Funds Rate an additional .25% last week which brings the total adjustment of 3% since the fall of 2007. The questions remains, why are mortgage rates not dropping in sync with the Federal Funds Rate?
Mortgage bond prices rose last week pushing mortgage interest rates lower. The Fed took center stage with another rate cut exactly as expected and indicated "the committee expects inflation to moderate in the coming quarter." This statement helped bonds rally considerably. The majority of data released came in as expected with … (0 comments)
Hello again to all my Real Estate Partners
The Federal Reserve is blowing it. Inflation is at 4% and they continue to dig an economical pit by cutting rates. 
Interest Rate Update The Federal Reserve cut short term interest rates by 1/4% Wednesday in a continuing effort to stimulate the economy. The published policy statement issued by the committee also indicated that this could be the last rate cut. This statement is actually good news for the Treasury Bond Market which … (3 comments)
The Federal Reserve cut interest rates today .25%, for the seventh straight time since September of last year. This is the lowest federal funds rate since 2004. Many experts believe that the Fed is done cutting interest rates and will begin a new watch-and-wait policy. This new policy is due - … (0 comments)
For those of you who don't already know, the federal reserve cut another 25 basis points today. No big surprise, as that was what the market was calling for. It's great for business, and the aggressive cuts should certainly help out all of us in real estate, but there are a … (9 comments)
This just in.
To all:
The Federal Open Market Committee (FOMC) is meeting today and tomorrow and it is widely expected that Bernanke and Company will cut the Fed Funds rate another 0.25%. What does this mean to you as a consumer or someone looking to purchase or refinance a home today?
As a consumer, not … (0 comments)
To help deter the credit crisis the Federal Reserve decided to buy packages of loans known as CMOs or CDOs.
By Angel Sherlin of Greater Chattanooga Lending, Guest Mortgage Author 
The Mortgage Adviser
The following is from the Florida Association of Mortgage Brokers but it applies to Mortgage Professionals in every state. If you are a member of your state's mortgage broker association, visit its web site as I am sure they will have a similar Call to Action. I apologize in advance if … (1 comments)
Is it me or did we come terribly close to being in 1929' on March 16, 2008. For those who are not aware (and many are not) Bear Stearns is an investment Bank a securities trading and brokerage Bank! 
The administration proposal, which will be formally unveiled in a speech Monday would designate the Fed as the primary regulator of market stability. The plan proposes a business conduct regulator who would be in charge of overseeing consumer protection issues and eliminate the distinction between banks and thrift institutions, so that Fed Chairman … (4 comments)
While consumer spending has backed down consumer borrowing is apparently increasing. 
Conforming mortgage rates edged slightly lower for the second week in a row. 
Today 3/20/08, Freddie Mac reported that the average mortgage interest rates for 30 year and 15 year fixed-rate interest rates have dropped. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 5.87% (5.84% in the southeast), down from 6.13% a week ago. The average interest rate for … (0 comments)
… (0 comments)
This means that rates are potentially going up, since the feds funds rate which was just cut, mainly applies to corporations on the bank investor. The ten-year treasury note is tied in directly to the bond investor,(not the fed funds rate as is commonly thought) and that is what causes mortgage rates … (1 comments)
By Dustin R. Burke, Adonai Financial
Why don't they just make it zero and get it over with. The economy cannot be bailed out by the fed alone. Additional measures need to be taken. It could be time for the government to step in and start taking write downs on some of these mortgages....
The Federal Reserve took extraordinary steps this weekend to stabilize the credit markets. The first Blockbuster move was that it facilitated J.P. Morgan Chase'sacquisition of the Giant Wall Street investment bank Bear Stearns for $2/Share(!?!) Makes me wonder what we don't know. . . Now, I'm for free markets, and normally … (5 comments)
In another sign that things are not what they should be with the economy, the federal reserve has cut a quarter point off a key rate today - SUNDAY - and has also announced that it will lend money to cash strapped Banks.
Most of us knew this sad day would come. The feds announced earlier today that it is going to bailout Bear Sterns with the assistance of JP Morgan Chase (Chase Manhattan). 
This is big (and positive) news for the mortgage and real estate industry. The Federal Reserve has agreed to loan as much as $200 Billion (with a B) in Treasury Securities to the mortgage-back securities market for loans backed by Fannie Mae and Freddie Mac.
Washington, D.C. - February 13, 2008 - The first redesigned $5 bill, which will continue to feature the portrait of President Abraham Lincoln, will enter circulation today and will be spent at the gift shop of President Lincoln's Cottage at the Soldiers' Home in Washington, D.C. The venue, which has recently been … (5 comments)