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Mortgage Brokers

Welcome to the special Real Estate Industry Bulletin for Mortgage Brokers.

Freddie Mac survey shows mortgage rates at highest level since August

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Freddie Mac survey shows mortgage rates at highest level since August

Mortgage interest rates increased for the first time in two months to move away from historic lows while remaining considerably lower than a year ago. Freddie Mac said its Primary Mortgage Market Survey showed the average 30-year, fixed-rate mortgage rose to 4.39% this week from 4.17% a week earlier. The average rate for the...
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FHA mortgage insurance beats private market 25-fold: KBW

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FHA mortgage insurance beats private market 25-fold: KBW

The Federal Housing Administration wrote 9 billion in new insurance in 2010, more than 25 times the .4 billion in new insurance written by the top five private companies over the last year. Investment bank Keefe, Bruyette & Woods analyzed the third quarter statistics at MGIC Investment Corp. (MTG: 8.205 -2.21%), Genworth Financial (GNW:...
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More parents buy homes for college-aged children, real estate agents say

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More parents buy homes for college-aged children, real estate agents say

Real estate agents said more parents are opting to buy their children a home in college towns rather than pay rent for an apartment or dormitory fees, according to a survey from Coldwell Banker Real Estate. Of the 425 real estate professionals questioned in markets home to major colleges or universities, 64% said they...
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Consumer Sentiment increases slightly in November

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Consumer Sentiment increases slightly in November

The preliminary Reuters / University of Michigan consumer sentiment index increased slightly in November to 69.3 from 67.7 in October. Click on graph for larger image in new window. This was a big story in when consumer sentiment collapsed again in July. Since then this measure of consumer sentiment has mostly moved sideways at...
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Real Estate Lease Options

Real Estate Lease Options

In simplest terms, a real estate lease option is the right to control a property without the obligation to buy it. As a real estate investor, when you have such an option, you have the opportunity to buy a property during a set period of time, but you aren’t required to do so. The...
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Weekly Initial Unemployment Claims decrease to 435,000

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Weekly Initial Unemployment Claims decrease to 435,000

The DOL reports on weekly unemployment insurance claims: In the week ending Nov. 6, the advance figure for seasonally adjusted initial claims was 435,000, a decrease of 24,000 from the previous week’s revised figure of 459,000. The 4-week moving average was 446,500, a decrease of 10,000 from the previous week’s revised average of 456,500....
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Hoenig reiterates call for end of ZIRP, supports sunsetting GSEs

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Hoenig reiterates call for end of ZIRP, supports sunsetting GSEs

The president of the Federal Reserve Bank of Kansas City once again called for an increase in the benchmark fed funds rate away from zero to stabilize the economy and "foster a more sustained housing market." Thomas Hoenig told the National Association of Realtors in New Orleans that moving the rate off zero, where...
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Posted in Mortgage Brokers | 1 Comment »

BofA expects only $31 billion in prosecutable offerings in MBS case

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BofA expects only $31 billion in prosecutable offerings in MBS case

Bank of America (BAC: 12.36 +1.90%) said Friday that it expects the number offerings involved in a class action lawsuit against its acquisition Countrywide Financial Corp. to be substantially reduced after a California court dismissed an amended version of the case filing. Bank of America believes the number of offerings considered for prosecution will...
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Mortgage Vs. Deed of Trust–Explained

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Mortgage Vs. Deed of Trust–Explained

by Martin Goodman LEAVE YOUR QUESTIONS/COMMENTS BELOW! The difference between a mortgage and deed of trust is subtle. Both are used in bank loans and private loans. Both create a lien on real estate, both are considered, by law, evidence of a debt and both are generally recorded in the county in which the...
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Posted in Mortgage Brokers, Note Investing | 4 Comments »

Uncover the Power of Seller Financing

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Uncover the Power of Seller Financing

Leave your seller finance questions in the comments area below… by guest writer Julie Broad During the heated market conditions of the mid-2000′s, sellers willing to finance real estate deals were really tough to find. Homes were selling fast and for so much more money than most sellers expected. Today, with cooler housing conditions,...
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Posted in Mortgage Brokers, Note Investing | 16 Comments »

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