Category Archives: Lenderama

After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits. Treasury prices were … Continue reading →

HVCC Morphs into Appraiser Independence Karen Deis. Publisher, www.Mortgage Currentcy.com The new Appraiser Independence rule and the sunset of HVCC doesn’t change a thing. There are some publications out there stating that the Interim Rule doesn’t prohibit production staff from … Continue reading →

Last week brought more market-affecting news than any in recent weeks. On top of a long-anticipated meeting of the Federal Reserve Open Markets Committee, the week also contained any month’s most significant economic report, the Employment Situation, or Non-Farms Payrolls … Continue reading →

Well, you knew it was going to happen. The NMLS has announced that beginning on November 1st, 2010, all licensed loan officers (not registered) must authorize them to pull a credit report on YOU—regardless of what your state’s requirements—and even … Continue reading →

While last week’s biggest headline was the first reading on 2nd quarter GDP, it was questions, doubt, and confusion about exactly what the Federal Reserve Open Markets Committee will announce at the conclusion of its meeting this Wednesday. The Fed … Continue reading →

Both the Consumer Price Index and the Producer Price Index released last week showed that inflation is negligible in the US economy right now, putting further pressure on the Federal Reserve to take action to stimulate economic activity. The CPI … Continue reading →

So, what’s “wrong” about the way loan officers have to be licensed? ..first you pay all that money, spend all that time getting your license and only AFTER you’ve done that…will they pull a credit report…too see if you can … Continue reading →

Mortgage and Treasury markets got a lot to think about this past week, as, in addition to the Federal Reserve Open Market Committee Meeting Tuesday, there was also substantial data from housing markets, manufacturers, and unemployment offices, as well. Fed … Continue reading →

So, Im in a fight with Fannie–who sicked their lawyers on me for posting Fannie’s Announcements and Lender Letters on www.MortgageCurrentcy.com website. Never mind that Fannie is a quasi-goverment agency and the info should be free to anyone (Freedom of … Continue reading →

Government loans have snatched up significant market share in the last three years. Nearly four in 10 home loans in 2009 were backed by the Federal Housing Administration, according to data released this week by the Federal Financial Institutions Examination … Continue reading →