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 Friday, 2nd May 2008 by chrisjones
Some have asked why I started sending out a Rate Watch email every morning. As if getting up at 5:30am were a pleasant thing (actually, if you try it, you find that it is, but that’s another column for another day). Allow me to explain. There are two reasons that come to mind immediately. The [...]
Tags: interest rates, mortgage loans, mortgage rates
Posted in Rate Watch | Comments (0)
Posted on Thursday, 17th April 2008 by chrisjones
Inflation is the big problem this week, and it’s pushed mortgage interest rates to their highest level in 2 months. Today’s market news – bad earnings from nearly everyone and higher-that-expected jobless claims – should push bonds higher, but right now the market traders have decided that stocks are good and bonds are bad, and [...]
Tags: inflation, interest rates, market watch, mortgage loans, mortgage rates
Posted in Rate Watch | Comments (1)
