Guaranty Mortgage

The Mortgage Bankers Association (MBA) quarterly delinquency report is jammed full of information reported from dozens of different perspectives - all loans, prime, subprime, government guaranteed and not, national, regional, and by state, and by several different categories of delinquency. The information is important (witness the stock market reaction on Tuesday) and interesting but can be tough to read and understand. Read More Now

Senator gets all up in Alan’s grill
People are still bustin’ Alan Greenspan for touting adjustable-rate mortgages in particular and “constructive innovation” in home loan financing in general three years ago.

Be a better valentine without spending a lot
You don’t have to spend a fortune to plan a great Valentine’s Day. You don’t have to go the traditional candy-and-flowers route, either.

Home sales drop like a rock
New home sales plummeted in February. If these numbers are accurate, the national real estate market is in more serious trouble than I thought.

Study Assesses Possible Risks and Impacts of Mortgage Resets
In the midst of the upheavals surrounding the subprime market a new study has emerged that appears to quantify the problem and, at the same time, offer hope that it isn’t as bad as it seems. Christopher L. Cagan, Ph.D., Director of Research and Analysis of First American CoreLogic recently released Mortgage Payment Reset: The Issue and the Impact. Read More Now

Spinning subprime stats
When people tell you that restrictions in subprime lending won’t affect the overall real estate market, please be aware that it just isn’t true.

February New and Existing Home Sales Take Different Tracks
Reports on the sales of both new and existing homes were released on Friday, March 23 and Monday, March 26 and they pointed in distinctly opposite directions. NAR’s chief economist David Lereah said the strong gain was a surprise. “Some of the rise in home sales may be from mild weather that brought out shoppers in December, but fundamentals have improved in the housing market and buyers see a window now with historically-low mortgage interest rates and competitive pricing by sellers.” He warned, however, that… Read More Now

Housing Market Shaky Not Plummeting
Two reports that contribute to the picture of the housing industry were released on Monday. After news from the subprime mortgage market, the quarterly delinquency report, and the accompanying reaction of the stock market the two most recent pieces of information were pretty much non-events and the stock market reacted enthusiastically. Read More Now

Are we really rational?
At least one person believes that people make sensible, rational decisions when they buy houses. Also when they buy lottery tickets smoke cigarettes, and marry psychos.

Mortgage Rates Flatten As Does Application Activity
Mortgage rates were essentially unchanged during the week ended March 15 according to Freddie Mac’s Primary Mortgage Market Survey. The only real change was in the one-year Treasury-indexed ARM which… Read More Now

Every cloud has a silver lining, usually shining on somebody else. Now, with the owner-occupied sector of housing in a downturn, it is the apartment industry’s turn. The National Multi-Housing Council (NMHC) recently declared “It’s official. The dark days of the apartment market recession are officially over.” This euphoric claim is… Read More Now

Senator gets all up in Alan’s grill
People are still bustin’ Alan Greenspan for touting adjustable-rate mortgages in particular and “constructive innovation” in home loan financing in general three years ago.

Mixed Rate Movements
The 30 year fixed-rate mortgage averaged 6.16 percent, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30 year was unchanged from the prior week. But the five year Treasury-indexed hybrid adjustable rate mortgage fell while the 1 year Treasury indexed Arm crept higher.

Home sales drop like a rock
New home sales plummeted in February. If these numbers are accurate, the national real estate market is in more serious trouble than I thought.

First Franklin Firing or Hiring?
First Franklin Financial Corp. is in the process of consolidating some branch operational functions, a spokeswoman told Mortgagedaily.com. But she said she was unaware of any layoffs that had occurred. She did note, however, the company is adding sales employees.

Spinning subprime stats
When people tell you that restrictions in subprime lending won’t affect the overall real estate market, please be aware that it just isn’t true.

MBA Urges Regulatory Restraint as Delinquency and Foreclosures Rise
The Mortgage Bankers Association (MBA) quarterly delinquency report is jammed full of information reported from dozens of different perspectives - all loans, prime, subprime, government guaranteed and not, national, regional, and by state, and by several different categories of delinquency. The information is important (witness the stock market reaction on Tuesday) and interesting but can be tough to read and understand. Read More Now

Home sales at second glance
If you’re in the market to buy a house, but you’re not in a hurry, this might be a good time to wait and here’s why.

Housing Market Shaky Not Plummeting
Two reports that contribute to the picture of the housing industry were released on Monday. After news from the subprime mortgage market, the quarterly delinquency report, and the accompanying reaction of the stock market the two most recent pieces of information were pretty much non-events and the stock market reacted enthusiastically. Read More Now

Frank Nothaft, Freddie Mac vice president and chief economist indicated that the market was in a holding pattern. “Mortgage rates were stable this week as the bond market took readings on producer prices and consumer prices in stride,” he said. “Looking at the housing market… Read More Now

Be a better valentine without spending a lot
You don’t have to spend a fortune to plan a great Valentine’s Day. You don’t have to go the traditional candy-and-flowers route, either.

Best time to buy anything
The retail world moves in cycles with low prices appearing at predictable intervals. Knowing when to buy helps score the best deal.

Housing Market Shaky Not Plummeting
Two reports that contribute to the picture of the housing industry were released on Monday. After news from the subprime mortgage market, the quarterly delinquency report, and the accompanying reaction of the stock market the two most recent pieces of information were pretty much non-events and the stock market reacted enthusiastically. Read More Now

Apartment Rentals On The Rebound - Firms Warned To Prep For Growth
Every cloud has a silver lining, usually shining on somebody else. Now, with the owner-occupied sector of housing in a downturn, it is the apartment industry’s turn. The National Multi-Housing Council (NMHC) recently declared “It’s official. The dark days of the apartment market recession are officially over.” This euphoric claim is… Read More Now

Filing proof of claim against bankrupt firm
If a company has filed Chapter 11 bankruptcy and owes you wages, you need to file a proof of claim to get in line with all the other creditors, says the Bankruptcy Adviser.

What to do with old savings bonds
It’s not necessary to trade them in just because they’ve reached face value, says Dr. Don.

Unplug your cable
Frugal $ense winner Courtney Heins invests the $60 a month she saves on TV and plays music and volunteers during her newfound free time.

February New and Existing Home Sales Take Different Tracks
Reports on the sales of both new and existing homes were released on Friday, March 23 and Monday, March 26 and they pointed in distinctly opposite directions. NAR’s chief economist David Lereah said the strong gain was a surprise. “Some of the rise in home sales may be from mild weather that brought out shoppers in December, but fundamentals have improved in the housing market and buyers see a window now with historically-low mortgage interest rates and competitive pricing by sellers.” He warned, however, that… Read More Now

Too soon to refinance piggyback loan
It’s unlikely that you’ve built up much equity this quickly, says Dr. Don.

Freddie Mac and Fannie Mae may have recently come to appreciate the old saw “be careful what you wish for.” A year or so ago Federal Reserve Chairman Alan Greenspan was giving the two government sponsored enterprises (GSEs) a lot of grief about their loan portfolios, particularly in light of the trouble that both had gotten into with accounting irregularities and the regulatory requirements to increase their capital reserves. It is likely that the executives of both corporations were counting the days until Greenspan’s scheduled retirement. So, retire he did, only to be replaced by Ben Bernanke… Read More Now

Apartment Rentals On The Rebound - Firms Warned To Prep For Growth
Every cloud has a silver lining, usually shining on somebody else. Now, with the owner-occupied sector of housing in a downturn, it is the apartment industry’s turn. The National Multi-Housing Council (NMHC) recently declared “It’s official. The dark days of the apartment market recession are officially over.” This euphoric claim is… Read More Now

Trade Tech Talk
Egistics Inc. will provide Fidelity National Information Services Inc. with image and data archive, management and delivery services, according to an announcement Tuesday. Stewarts online transaction management platform has released an integrated scanning solution that eliminates paper based closing documentation and allows users to upload critical real estate documents, regardless of scanner, according to another annoucement. Ilog said its system has helped increase the flexibility and agility of Fannie Maes automated underwriting system.

Mortgage Rates Flatten As Does Application Activity
Mortgage rates were essentially unchanged during the week ended March 15 according to Freddie Mac’s Primary Mortgage Market Survey. The only real change was in the one-year Treasury-indexed ARM which… Read More Now

Foreclosures on Track for Derailment
In February, foreclosure filings totaled 130,786, Realtytrac reported Monday. The latest month was down from January but above the same month a year earlier. Higher than anticipated defaults on subprime and Fha mortgages as well as tighter underwriting guidelines will cause a spike in foreclosures.

Filing proof of claim against bankrupt firm
If a company has filed Chapter 11 bankruptcy and owes you wages, you need to file a proof of claim to get in line with all the other creditors, says the Bankruptcy Adviser.

Housing Market Shaky Not Plummeting
Two reports that contribute to the picture of the housing industry were released on Monday. After news from the subprime mortgage market, the quarterly delinquency report, and the accompanying reaction of the stock market the two most recent pieces of information were pretty much non-events and the stock market reacted enthusiastically. Read More Now

Mortgage Rates Kept In Check By Market Jitters
Mortgage rates tracked by Freddie Mac in its Primary Mortgage Market Survey for the previous week mostly established new 2007 lows. Mortgage activity was up only slightly, increasing 2.8 percent on a seasonally adjusted basis and 3.2 percent unadjusted. However, there was a strong improvement in … Read More Now

Too soon to refinance piggyback loan
It’s unlikely that you’ve built up much equity this quickly, says Dr. Don.

Freddie Mac and Fannie Mae may have recently come to appreciate the old saw “be careful what you wish for.” A year or so ago Federal Reserve Chairman Alan Greenspan was giving the two government sponsored enterprises (GSEs) a lot of grief about their loan portfolios, particularly in light of the trouble that both had gotten into with accounting irregularities and the regulatory requirements to increase their capital reserves. It is likely that the executives of both corporations were counting the days until Greenspan’s scheduled retirement. So, retire he did, only to be replaced by Ben Bernanke… Read More Now

Home sales at second glance
If you’re in the market to buy a house, but you’re not in a hurry, this might be a good time to wait and here’s why.

Subprime News + Mortgage Delinquency = Bad Day On Wall St.
Lots of chickens came home to roost on Tuesday but they didn’t exactly fly in unannounced. First the news about the subprime mortgage market got even worse with several major subprime lenders releasing news about their financial condition that could only be described as disquieting. Then there were those delinquency figures. The MBA report is worth a thorough analysis, particularly in light of the many categories they use to present… Read More Now

Senator gets all up in Alan’s grill
People are still bustin’ Alan Greenspan for touting adjustable-rate mortgages in particular and “constructive innovation” in home loan financing in general three years ago.

Unplug your cable
Frugal $ense winner Courtney Heins invests the $60 a month she saves on TV and plays music and volunteers during her newfound free time.

Home sales drop like a rock
New home sales plummeted in February. If these numbers are accurate, the national real estate market is in more serious trouble than I thought.

Study Assesses Possible Risks and Impacts of Mortgage Resets
In the midst of the upheavals surrounding the subprime market a new study has emerged that appears to quantify the problem and, at the same time, offer hope that it isn’t as bad as it seems. Christopher L. Cagan, Ph.D., Director of Research and Analysis of First American CoreLogic recently released Mortgage Payment Reset: The Issue and the Impact. Read More Now

Mortgage Rates Kept In Check By Market Jitters
Mortgage rates tracked by Freddie Mac in its Primary Mortgage Market Survey for the previous week mostly established new 2007 lows. Mortgage activity was up only slightly, increasing 2.8 percent on a seasonally adjusted basis and 3.2 percent unadjusted. However, there was a strong improvement in … Read More Now

Housing Weather Forecast For March Calls For Sun and Storms
Freddie Mac seems to be seeking a little cover in its March 2007 Economic Outlook released late last week. These monthly forecasts always have a theme which the authors tend to torture relentlessly and this month it is the old adage - “In Like a Lion…” News about the housing market is likened to the “proverbial March weather, with each warm breeze followed by an icy blast.” The outlook states that most analysts expect things to improve late in the year and buyer traffic in the spring market will provide an important test of the environment. But, hedging its bet, Freddie quotes “even the most cheery forecasters” as warning about two possible storms still on the horizon. Read More Now