interest rates: Mortgage News 06-14-2011 - 06/14/11 05:34 AM
Jun. 14, 2011: One take on diminished broker role; investors preparing for loan limit cuts; FHFA's report on Fannie & FreddieRob Chrisman
The parent of Marie Callender's restaurants (around since 1964), and which also owns Perkins Restaurants & Bakeries, has filed for bankruptcy protection and closed 31 locations nationwide. Wendy's/Arby's Group has cut a deal to "unload" most of its Arby's chain on private-equity firm Roark Capital Group in a deal valued at $430 million. There are 3,600 Arby's (the name coming from "America's Roast Beef Yes Sir"). And "the roof's caving in on Bank of America"? NY Post: Meanwhile, … (0 comments)

interest rates: Mortgage Market Snapshot 06-14-2011 - 06/14/11 05:26 AM
Market Snapshot by Sigma Research
The stock markets in Europe stronger, here this morning in pre-market trading the DJIA up 100 points at 8:45. The 10 yr note -21/32 at 3.06% and mortgage prices -13/32 (.41 bp) at 9:00. The markets were ripe for a change technically; the bond market overbought while the stock market oversold; always difficult to call it but we have mentioned it for the last few days. The equity market rally started in China when its industrial production was stronger than most were expecting.
In Europe markets were once again encouraged that the Greece debt problem may about to be completed; it has … (0 comments)

interest rates: Mortgage Market Snapshot 06-09-2011 - 06/09/11 06:24 AM
provided by Sigma Research
Treasuries and mortgages doing better again this morning, the stock indexes in pre-market trade were better. Weekly jobless claims at 8:30 were a little softer than expected but generally in line; +1K to 427K, last week's claims were revised from 422K to 426K. Continuing claims were down 71K to 3.676 mil. Treasuries were better prior to the claims and increased slightly after the release; by 9:00 however the 10 yr note backed off to unchanged and mortgage prices that were +3/32 at 8:00 were down 4/32 (.12 bp) on the session.
Also at 8:30 the April US … (0 comments)

Brad Cahoone, Mortgage Loan Expert -Real Estate Marketing Mentor (Global Home Finance Inc. NMLS ID:316441)

Brad Cahoone

Mortgage Loan Expert -Real Estate Marketing Mentor

Lewisville, TX

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