Tag Archives: Mortgage Backed Securities

Is the Refi ‘Apocalypse’ Really Upon Us?

In Bethesda, Maryland, Apex Home Loans CEO, Craig Strent, says a rise in rates could actually bring in more business in the short term. “There is a huge population that have benefitted from adjustable rate mortgages. When the rates adjusted, … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Already Time to Throw Up Caution Signs on Housing?

Fitch contends that home prices remain overvalued and that price growth is not being driven by fundamentals but by technical factors that could easily change. As more homes move more quickly to final foreclosure, especially in states that require a … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Housing’s Recovery Means Fewer Can Afford Homes

Rising home prices are not the only factors hitting home affordability. Fees charged to lenders by Fannie Mae and Freddie Mac (known as “guarantee fees” for bundling and selling mortgages) began rising dramatically in the past month and are now … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Home Builders Need Mortgage Bankers to Keep Recovery Alive

A jump in signed contracts to buy newly built homes in September brought volumes to the highest level since April of 2010, when the home buyer tax credit temporarily infused the housing market. The median price of a newly built … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

CitiMortgage CEO on Tight Credit: ‘There’s Nothing Wrong with People Making Profits’

Mortgage rates are at record lows, but they could be even lower. Several reports recently have documented why the spreads between mortgage bonds and mortgage rates have widened so much, but few have agreed as to why mortgage rates have … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment