In the first quarter the four largest banks here in the US saw average loans outstanding drop 7% from a year earlier, but deposits increase by 5%. From a bank's point of view, the demand for credit has dropped and may not pick up again until the economy shows more improvement. Fannie Mae has recently announced a special incentive effective with offers submitted on or after April 11th...Fannie Mae is currently offering buyers up to … (0 comments)
"If you put off everything till you're sure of it, you'll never get anything done." - Norman Vincent Peale: Was a minister and author of inspirational books NEWS & HEADLINES
Auditing has become so bad that many large companies set aside a room, or block of them, for revolving teams of auditors from investors, Fannie, Freddie, the OTS, OTC, the FDIC, FRB, AA. Last week the servicing biz was in the headlines, with the first … (0 comments)
NEWS & HEADLINES This Friday is Good Friday. But today is not so "good" for our government, as S&P cut its US debt rating to a "negative outlook" given the debt & debt ceiling debate, pushing markets this morning. Religious sentiment aside, Good Friday falls into one of those "pseudo-holiday" categories, since the markets are closed, but many originators are open. Most are taking locks, but can't hedge them, or they sell the loans to investors at what could be termed "conservative" … (0 comments)
"In the long run, men hit only what they aim at. Therefore… they had better aim at something high." - Henry David Thoreau: Was an author, poet, naturalist, and philosopher Rain or shine, whether or not the US government is closed or open, the US Treasury will be open next week to auction off $32 billion in 3-yr notes, $21 billion in 10-yr's, and $13 billion in 30-yr's. NEWS & HEADLINES
Word has it that since it doesn't rely … (1 comments)
"To be successful, all you have to do is give up everything you know." - Asara Lovejoy: Human potential author and coach A quick note for anyone interested in FHA lending's pitfalls, the recent filed lawsuit against Deutsche Bank, and the enforcement tools regulators are using - there is a webinar today on those subjects. The webinar's discussion will review the charges in the case and potential implications for FHA lending, and participants will be able to submit questions to be answered during the hour-long session from 3-4 EST, 12-1 PST. Webinar Presented by BuckleySandler LLP: "The False Claims Act and FHA … (0 comments)
;)
;)
