BluefoxToday blog : Bill Ladewig, Experience Is Your Advantage (LoanOfficerSchool.com)

US Housing Starts Drop 1.1% In February, But Building Permits Rise

MORTGAGE LOCK ADVISORY 

March 21, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

     

Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT 

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.18 point. 

 

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK

 

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.875%   
MBS (3.5%) - 101.97, High: 102.03, Low: 101.84   
DJI Stocks currently $13,180.18,  Up $9.99, Change 0.076%   
Asian & European Stock Market Indexes Down -0.337%   
Nymex Crude Oil Currently $106.39 Up $0.32   
Gold 1 Once - 1649.2 

                
MORTGAGE NEWS BRIEFS

 

US Housing Starts Drop 1.1% In February, But Building Permits Rise
 
(RTTNews) - New residential construction in the US showed an unexpected decrease in the month of February, according to a report released by the Commerce Department on Tuesday, although housing starts came in nearly in line with estimates due to an >> Read More in RTT News

 

Mortgage Rates Rise To Highest Levels Of The Year
 
With the new week comes new pain for Mortgages Rates, which rose to their highest levels of the year today.  Lenders have been adjusting their rate sheets all day and by varying degrees, so there's greater than normal degree of variation between them.>>Read More Mortgage Daily News

  

One BofA Manager Signs 67,908 Documents in 2 Year Period
A Bank of America manager said she read the first paragraph of a document, and then located the place she needed to sign.  She spent 1-1/2 to 2 hours per day on signing documents and two to three minutes on each. >>Read More Mortgage News Daily

 

FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video 

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video

Comment balloon 4 commentsBill Ladewig • March 21 2012 06:49AM
US Housing Starts Drop 1. 1% In February, But Building Permits Rise
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MORTGAGE LOCK ADVISORY March 21, 2012, 6:30 AM PST Click for Lock Advice Updated Several Times Daily Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT Mortgage Points based on 3. 5%… more
AM Update - FHFA Proposes Remaking Secondary Mortgage Market
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MORTGAGE LOCK ADVISORY February 22, 2012, 6:30 AM PST Click for Lock Advice Updated Several Times Daily Mortgage Interest Rate lock Advice for locks within 8 days: LOCK Mortgage Points based on 3. 5% Mortgage Backed… more
Market Update: Most Real Estate Investors Expanding Portfolios
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DAILY MORTGAGE LOCK ADVISORY October 4, 2011, 6:30 AM PST Click for Lock Advice Updated Several Times Daily Mortgage Interest Rate lock Advice for locks within 1 day: FLOAT Mortgage Points based on 3. 5%… more
Rate Lock Advice & Mortgage Market Update
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Rate Lock Advice & Mortgage Market Update January 06, 2010, 8:30 PT RATE LOCK ADVISORY Lock Advice: LOCK MBS prices are down -10/32. Unfavorable repricing is a risk from most investors. Rising expectations for Friday… more
Buyers Beware, RESPA Cannot Protect You
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This post is inspired by Tim Bradford's blog on the new revised GFE that appears in January. The revised GFE is another failed attempt to protect consumers, The problem is, consumers cannot be protected with forms because those who wish to… more
FHA 90 Day Flip Rule Extended
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FHA 90 Day Flip Rule Extended This may be old news to some but I still receive calls requesting FHA 90 day flip rule information. The FHA 90 Day Flip Rule originally prohibited anyone from using FHA financing on homes owned for less than… more
Just TRUST ME and Don't Ask Questions
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Unfortunately, there are many ways to fleece a trusting buyer. Who can you trust? Obliviously not the sleazy looking guy pictured but there are others who appear trustworthy who could be picking your pockets. Most of us, when shopping,… more
Fannie Mae is implementing the Deed for Lease instead of Foreclosures
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Fannie Mae is implementing the Deed for Lease instead of Foreclosures FANNIE MAE NEWS RELEASE - September 5, 2009 WASHINGTON, DC -- Fannie Mae (FNM/NYSE) is implementing the Deed for Lease TM Program under which qualifying homeowners… more
BARNEY FRANK AND HIS BIG, NATIONAL BANK FRIENDS ARE ONCE AGAIN TRYING…
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If anyone doubts that Big Banks are out to crush their competition read Donne Knudsen's post. The video describes Barney Frank's Financial Stability Improvement Act that is aimed and small mortgage banks. The FDIC is also taking aim at… more
Appraisal Fraud is up 46% From Same Time Last Year
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For those of you who missed Think Big, Work Small this morning… according to InterThinx, the mortgage fraud specialists, appraisal fraud is up 46% from the same time in 2008. InterThinx But wait who would be the perpetrators, has not… more