Special offer

Social-Media Strategy: What You Need Now To Build Business Online

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

 MORTGAGE LOCK ADVISORY 

April 12, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

      

Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.07 point 

 

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK 

Rates are presently excellent and the best advice is to lock whenever possible

 

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.98%
MBS (3.5%) - 103.29, High: 103.34, Low: 103.16   
DJI Stocks currently $12,827.26,  Up $21.87, Change 0.17%   
Asian & European Stock Market Indexes Down -2.291%   
Nymex Crude Oil Currently $102.81 Up $0.11   
Gold 1 Once - 1653.4

    
MORTGAGE NEWS BRIEFS
 

Social-Media Strategy: What You Need Now To Build Business Online
Now you won't need a dozen social-media sites to properly harness the power of the Internet and propel your business forward. You may, however, want to consider your choices, your purposes, and which options make the most sense for your business and what you'd like to accomplish.>>Read More The Ibis Network  

 

FHA delays controversial $1,000 collections rule By Jon Prior
The Federal Housing Administration rescinded and will delay a rule that as of April 1 prohibited borrowers with more than $1,000 in disputed collections accounts from getting a federally backed mortgage, according to a notice sent late Friday >> Read More HousingWire 

 

Four Ways to Give A Great Elevator Speech

Do you need an elevator speech? Probably, if you ever encounter people who might be potential clients or referrals. Here are four steps to creating the perfect elevator speech: >>Wayne and Jean Marie Zuh 

 

3 Reasons Why You Need an Elevator Speech

An elevator speech is a 30-120 second explanation of what you do that you may make to a person you meet in an elevator, perhaps, or at the checkout line at the grocery store or just about anywhere. Wayne and Jean Marie Zuh

  

Buyers with Collections of $1,000 or More Not Eligible for FHA
 
A new rule prohibiting homebuyers from getting a Federal Housing Administration mortgage if they owe more than $1,000 in outstanding collections accounts could cut demand by up to 20%, according to banking analysts.>> Read More HousingWire

 

Home Prices Climbed 0.7% in February: By Ryan Schuette  
 
Home prices for non-distressed property sales ticked up 0.7 percent in February from January, even while figures for the same fell by 2 percent year-over-year, according to CoreLogic >>Read More MReport

 

Markets Hit Hard Tuesday With Release of the 3/13 FMOC Minutes

Good economic news is not good for mortgage rates and gold.  Gold fell hard, rates climbed and stocks rolled over while the dollar rallied.  The minutes revealed the Fed is optimistice about the economy.  Inflation and the EU will remain contained and the forecast for GDP may be revised upward.

 

US Housing: A Disappointing March, But Spring Offers Redemption

Most of March's housing numbers were disappointing, with sales unexpectedly falling across all categories and prices hitting new lows, reversing February's optimism. But the winter market is usually the year's quietest, and spring could bring redemption

>>Read More International Business Time

 

Ex-TBW CFO pleads guilty to largest mortgage frauds in U.S. history

Ex-CFO Delton de Armas, 41, admitted to helping his boss, Lee Farkas, pull off a $3 billion fraud scheme that brought down the nonbank as well as its chief warehouse lender, Colonial BancGroup, Montgomery, Ala.>>Read More National Mortage News

 

Another Tax by Another Name Directed at First Time Buyers

A House committee voted unanimously to pass a bill that looks to give a boost to the Federal Housing Administration through increased mortgage insurance premium caps and other changes. The FHA, under the bill, could charge up to 2.05% for its annual mortgage premium, up from a current 1.55% maximum... Read More HousingWire.