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The latest mortgage news, from the most reliable sources, all in one place.
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Thu, 20 Jul 2017 20:50:46 GMT |
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Fri, 21 Jul 2017 08:59:34 GMT |
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Fri, 21 Jul 2017 08:59:34 GMT |
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Thu, 20 Jul 2017 20:50:46 GMT |
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With Expiration Looming, NAR, NAHB Applaud Flood Insurance Renewal Progress |
Posted To: MND NewsWire It remains to be seen if it passes into law, or how it will hold up during the process, but housing industry groups say an agreement has been hammered out for renewing the federal flood insurance program . Both the National Association of Home Builders (NAHB) and the National Association of Realtors® (NAR) say they have been working with the House Financial Services Committee on parameters, for, in the words of NAHB, "A viable, long-term flood insurance reauthorization bill that will keep the National Flood Insurance Program (NFIP) fiscally sound and enable home builders to provide safe and affordable housing to consumers." A flood insurance policy is required of homeowners who live in certain Federal Emergency Management Agency (FEMA) designated flood plains and have a mortgage issued...(read more) |
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State-Level Changes Across the Board; Housing and Rates |
Posted To: Pipeline Press Under the heading, “What’ll they think of next?”, especially for aging Boomers, comes stairs that store energy and help the next person walk up them! State-Level Changes When lenders complain about federal regulation and oversight, at least, in theory, it originally came from one source and is uniform across the 50 states. But when a multi-state lender must contend with all 50 states doing different things, things become complicated, and expensive, in a hurry. Michigan has amended Act 79 of 1915, concerning the required statement of marital status in written instruments conveying or mortgaging real estate, effective immediately . The Act as amended requires that all written instruments conveying or mortgaging real estate, or any interest in real estate, executed and offered...(read more) |
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MBS Day Ahead: Low Volume and Light Liquidity Expected. Here's What That Means |
Posted To: MBS Commentary One of the hallmarks of classic (read: old school) technical analysis is the role of volume in confirming market movements. For instance, if 10yr yields break through a key technical level, the next question many traders will ask is whether or not it happened with strong volume. While this sounds pretty smart in principle, it's trickier to apply to living, breathing markets. There are so many variables in play that it makes more sense to temper our enthusiasm for high volume moves a bit. Some of the curveballs are as follows: A high volume move could be due to a snowball of trading positions being forced through "stops" (stop-loss levels--automatic triggers to buy or sell based on certain conditions). For instance, if there are 10 buyers and sellers in an entire market for fidget...(read more) |
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