Archive for 2010
Simple Real Estate Definitions : Loan-Level Pricing Adjustments
Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk. First introduced in 2008, LLPAs were Fannie Mae’s and Freddie Mac’s logical response to massive balance sheet losses. At the time, the housing market was deteriorating and mortgage delinquencies were rising. To “better align with loan risk characteristics”, the two entities ...
Fannie Mae Guidelines Change Monday. Apply Today To Lock In To “Old” Rules.
Fannie Mae rolls out new mortgage guidelines Monday. Therefore, if you’re in the process of applying for a conforming home loan, consider giving your complete application by the close of business Friday. All Fannie Mae applications taken on, or after, December 13, 2010, are subject to the changes. As compared to mortgage guidelines updates of ...
September’s Case-Shiller Index Reflects A Slowing Housing Market
Standard & Poors released the September Case-Shiller Index Tuesday. The Case-Shiller Index is a home-value tracker. The report shows home prices down 0.7% from August and values fading, in general. Case-Shiller representatives assessed the findings as “another weak report; weaker than last month”, citing deterioration in 18 of 20 tracked markets. Upward pricing momentum from ...
Watch as Jeff interviews people in the lines during Black Friday from 1 AM to 6 AM
Watch as Jeff Underwood takes to the street during Black Friday from 1 AM to 6 AM. This is why he is called The Street Economist.
Members of Congress had an increase in personal wealth while the economy failed
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Radio Show topics foreclosure and short sale with Jeff Underwood
Real Estate And Mortgage Talk …………… This week Jeff is going to talk about the housing crisis, foreclosures, short sales, loan modifications, and more. Most of the show will be a look at what caused the housing crash, where Jeff thinks we are now, and what he thinks is coming next. Some of the numbers ...
What’s Ahead For Mortgage Rates This Week Of November 15th, 2010
In a holiday-shortened trading week, mortgage markets tanked last week, casting doubt on whether the bond market’s 7-month bull run will continue. Fears of inflation caused conforming mortgage rates to rise in Arizona. Last week marked the first sizable mortgage rate increase over the course of 7 days since April. The biggest reason why rates ...
Only 5 States Make Up Almost Half Of The Foreclosures
According to October data from foreclosure-tracking firm RealtyTrac, foreclosure filings topped 300,000 for the 20th straight month last month as 1 in every 389 U.S. homes received a foreclosure filing. The generic term “foreclosure filing” is defined to include default notices, scheduled auctions, and bank repossessions. Versus the month prior, filings fell 4 percent, and ...
Jeff Underwood, Sheryl Robinson and Tara Bianco Real Estate and Mortgage Q and A
Real Estate And Mortgage Talk Q and A ——————————— This week Jeff will have Sheryl Robinson with Home Key Realty in Arizona and Tara Bianco with Cherry Creek Mortgage. Sheryl http://www.homeswithsheryl.com/ Tara http://www.underwoodhomeloans.com/. Sheryl has a primary focus of helping clients understand what options homeowners have in today’s market. She has experience with short sales, ...
What’s Ahead For Mortgage Rates This Week Of November 8th, 2010
Mortgage markets took a roller coaster ride last week, powered by the dual-force of the Federal Open Market Committee, and the government’s monthly Non-Farm Payrolls report. As standalone events, both releases would have ranked among the top market movers of the year anyway, but throw in the rest of the week’s data –including the release ...
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