Posted on Friday, 6th August 2010 by chrisjones
The Seattle Times reports that the Senate has passed a bill allowing for some changes in the FHA fee structure, under the fascinating but slightly misleading title “Senate Approves Higher Government Mortgage Fees.” One fee goes up (probably, depends on FHA bureaucrats), and one comes down (ditto). Monthly mortgage insurance (which the Post calls an [...]
Tags: bureaucrats, FHA, utah mortgage
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Posted on Thursday, 5th August 2010 by chrisjones
Rumors have begun to swirl that the Obama Administration, facing what are very likely to be catastrophic losses in November, have cooked up a last-gasp attempt to prove that they are doing something about the economy. The plan is to have FNMA/FHLMC (Fannie and Freddie to you and me) forgive billions in mortgage debt owed [...]
Tags: foreclosure, Obama, utah mortgage
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Posted on Thursday, 29th July 2010 by chrisjones
Welcome to RateWatch for Thursday July 29, I’m your host, Chris Jones, and here’s what’s happening: Today’s market: The benchmark bond is up 12bps today. We’re trading in a very narrow channel. Economic news today was all about employment, as in, there isn’t much of it. Unemployment benefits have been extended, so continuing claims were [...]
Tags: lehi lender, Lehi mortgage, lending Utah, RateWatch, utah mortgage
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Posted on Thursday, 29th July 2010 by chrisjones
Welcome to the first edition of the Crystal Ball, where I tell you definitively what will be happening in the world over the coming days. You have been warned. The Los Angeles Dodgers will not be able to catch San Diego, and will fail to make the playoffs. Again. My class on the History of [...]
Tags: Crystal Ball, Dodgers, lending lehi, mockingjay, mortgage rates, Six Channels, Utah Jazz, utah mortgage
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Posted on Wednesday, 23rd June 2010 by chrisjones
Okay, so I was wrong. At least I wasn’t the only one. Last month I wrote about how the expiration of the $8000 and $6500 tax credits for new home buying wouldn’t have much impact on the housing market. Those expired, for the uninitiated, on April 30, and since then sales on new homes have [...]
Tags: $8000 tax credit, lehi lender, Lehi mortgage, utah mortgage
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