Posted on Thursday, 4th June 2009 by chrisjones
Technical Mortgage Info Warning: parts of this article are not intended to be comprehensible to the man on the street. I know some mortgage professionals that won’t understand them either, though, so don’t feel bad. There is a lot of chatter on the ‘net about the Home Valuation Code of Conduct (HVCC), most of it [...]
Tags: HVCC, mortgage industry, mortgage loans
Posted in Blog & News, General | Comments (3)
Posted on Tuesday, 19th May 2009 by chrisjones
Once, a thousand years ago, there were new loan programs coming out every day or two. Now there are only a few left, and no innovation coming from the private loan markets, because it is the Fed that is doing all the dictating. But they are doing some dictating. Yesterday HUD said it is writing [...]
Tags: downpayment assistance, DU Refi Plus, mortgage industry, mortgage lending, mortgage loans, mortgage modification
Posted in Blog & News, Finance 101, General, Rate Watch | Comments (2)
Posted on Tuesday, 19th May 2009 by chrisjones
Okay, I’ve now officially had it. On Zillow this morning there was a fathead complaining that one servicing lender was not modifying its mortgages in the way that suited him. He wanted them to be modified according to the government’s Making Home Affordable plan, instead of the way the servicer preferred. Leaving aside for a [...]
Tags: mortgage industry, mortgage lending, mortgage loans, personal responsibility, subprime
Posted in Blog & News, General | Comments (4)
Posted on Wednesday, 17th December 2008 by chrisjones
So here we go. The Fed has essentially signalled that it will fire all of its guns at once and explode into space (first to reply with that reference wins lunch), and that has turned the markets upside down. The 10-year bond is up a massive 200 basis points in the last 24 hours, but [...]
Tags: bonds, interest rates, market watch, mortgage industry
Posted in Rate Watch | Comments (0)
Posted on Tuesday, 30th September 2008 by chrisjones
Okay, so everyone’s asking what I think of the bailout. Let me get this on the record: I don’t know. The fact is, nobody knows. That’s one really, really good reason to vote “no”. Most people are a lot like me; they don’t really know what the bailout contains, so they’re generally opposed to it [...]
Tags: bailout, discipline, government, markets, mortgage industry
Posted in Blog & News | Comments (3)
