real estate az: Inflation Remains Low - 04/18/14 07:41 AM
While there was a great deal of intra-day volatility over the past week, mortgage rates ended the week with little change, remaining near the lowest levels of the year. Most of the volatility in mortgage rates was caused by big moves in the stock market and by news from Ukraine. Since these events had little impact on the long-term outlook for economic growth or inflation, their effect on mortgage rates was short-lived.
Inflation expectations play a fundamental role in determining mortgage rates and influencing Fed policy. The low levels of inflation seen in recent months have been a major reason … (0 comments)

real estate az: So how is Fannie and Freddie doing anyway? - 03/14/14 03:59 AM
Fannie and Freddie are doing quite well for themselves, however, it seems to be at the expense of their borrowers.  These borrowers are the product of the cleanest, most heavily documented, and thoroughly underwritten and appraised loans in history.   Many in the industry are paying close attention to how credit is impacted by rates, fees, guidelines, compliance costs and consolidation in the industry - it will be a real estate case study.  Last year showed an increase of 10 base points (on average), greater LLPA's on higher LTVs, and lower FICO loans.  In 2013, roughly 40% of net interest income was … (2 comments)

real estate az: Can you believe this real estate market? - 01/29/14 07:56 AM
Many feel that counterparty considerations will rise in 2014, as the Dodd-Frank mandated legislation is about 50% complete.  In a recent survey, conducted January 13-17, Secure Settlements, Inc looked at lawyers, notaries, escrow agents and title agents to examine the status of closing professionals in the increasing regulatory environment.  SSI is seeking support for its mortgage industry pre-funding quality assurance risk management tools, this data helps provide that support.  In the new realm of Qualified Mortgage, data pertaining to personal experiences in the closing process is an essential element to understanding risk, both from a consumer and enterprise standpoint.  Major points … (1 comments)

real estate az: Financial market update - 12/18/13 07:35 AM
This last week was a volatile one, with major events impacting economic data, monetary policy and political action – in spite of this – there was little change in mortgage rates.
The Fed is expected to sale bake its bond purchases as soon as next week as its primary conditions appear to have been met.  This past week produced a stronger than expected Employment Report.  The unemployment rate declined to 7.0% and 193K new jobs have been added per month for the past three months.  Congress is also close to reaching a 2 year budget deal – reducing the level of … (0 comments)

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