2121 Belmont’s trouble with Bank of America follows Waterfront Pearl’s foreclosure and the John Ross and Awater Place being taken over by their lender. Opus Northwest, which built the Ladd Tower and Park 19 luxury apartments, recently announced it …
He would like to build shelters for the homeless and aid people at risk of foreclosure.
It should be pointed out that Greece is a small country, with 11 million people and a GDP of $313 billion that is running a trade deficit of $11bn … With HAFA coming on line and foreclosures, short sales and deeds-in-lieu about to dump …
Six years ago we moved to Amesbury as newlyweds. Almost immediately we got involved in our new community, culminating in my husband running for Municipal Council two years ago. Over the next two months Jonathan will be leading a task force to help …
WASHINGTON — The recovery is losing steam. The economy is now likely expanding at just half the brisk 5.9 percent pace at which the government on Friday estimated it grew last quarter. Business spending will make up for some of a slowdown in …
WASHINGTON — The recovery is losing steam. The economy is now likely expanding at just half the brisk 5.9 percent pace at which the government estimated Friday it grew last quarter. Business spending will make up for some of a slowdown in consumer …
Posted: Feb. 26 5:08 p.m. Updated: Feb. 26 6:42 p.m. WASHINGTON — Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this …
… much of a recovery this year amid high unemployment, record-high home foreclosures and tight credit. Stuart Hoffman, chief economist at PNC Financial Services Group, called the year-end growth spurt “a one-hit wonder.” In a fresh reading on the …
Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary
Well well well, look where we sit. 10s rose from 3.60 to 3.80 in seven sessions. Took a short breather. Then fell from 3.80 to 3.60 in four days. Chop chop chop . On the week, the 3.625% coupon bearing 10 year Treasury note was +1-09. That's +41/32 from 98-24 all the way up to 100-01. Yields fell 14 basis point from 3.76% to 3.62%. Looking at a longer timeline….notice the cluster of weekly moving averages and rapidly narrowing trend channel. This pattern is called an ascending triangle or continuation pattern. It illustrates how trader positions are accumulating at higher and higher levels. If this chart was price, it would be very bullish. Meaning we would soon expect a breakout to the upside in the near future. Since the chart below is yield, we have to call it very bearish, at least…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/137404.aspx”>read more)
Posted To: <a href="http://www.mortgagenewsdaily.com/news/”>MND NewsWire
If I was selling loans at the moment and I wanted to reduce secondary marketing ' leakage ', I would take special note of the changes, updates, and guidance's offered by Fannie Mae's QC department in Lender Letter 2010-03 below. THE LOAN QUALITY INITIATIVE! (aka loan repurchase world!) The only thing I might add before you read on is FNs loan purchasing systems/work flow are tedious and usually time consuming. Historically, many issues related to compliance with Fannie Mae selling policies are not detected until after loans are delinquent or through the foreclosure process. Loan repurchase requests to lenders have increased in the past three years, highlighting the need for an improved approach for working with lenders to deliver loans that meet Fannie Mae’s underwriting…(<a href="http://www.mortgagenewsdaily.com/02262010_fannie_mae_quality_control.asp”>read more)
