There are lots of job opportunities waiting for those who want to succeed in terms of business in Florida. Many people have move in Florida due to the business opportunities that are waiting for them.

Posted To: MBS Commentary

Gotta love Jan and Feb… Fans of rhetoric finally have a window to use the phrase "of the year" and get off the hook by citing its literal accuracy. Even if MBS are only at two month highs, MBS ARE STILL AT TWO MONTH HIGHS! For reasons such as this, locking in upon determining a reasonable amount of the gains were passed through was the default advice. Of course with the Category One Facemelter characterized by the 16 tick gain, we wouldn't expect to see ALL those gains passed through to rate sheets, especially a day before NFP, but if you got even half of it, it was like a glorious and unexpected gift. And EVEN IF RATES GET BETTER TOMORROW, I don't remember the last time we had the opportunity to lock the best rates in nearly two months on the afternoon preceding NFP. So…(read more)

Posted To: Mortgage Rate Watch

Mortgage rates extended their streak of moving sideways near the most aggressive levels of the year yesterday. Although prices of mortgage backed securities were moderately weaker at the end of the day, lenders were not forced to reprice for the worse, leaving rates unchanged at the end of the day but marginally worse than the previous day. All was generally quiet in the interest rate market….until today. First out this morning were Weekly Jobless Claims, released by the Department of Labor at 8:30am. This report gives us three measures on the number of Americans who filed for first time unemployment benefits in the previous week. Since our economy is driven by consumer spending, higher unemployment leads to less spending which is a negative for the stock market and generally supportive of…(read more)

We’ve all heard the old saying that when it comes to real estate, the most import criteria is location, location, location. And that’s certainly true when looking at condos. While there are condos scattered throughout pretty much every part of the greater Memphis area, the biggest concentration is in Downtown and Midtown.

A property buyer’s agents or (buyer’s advocate) is a qualified real estate professional that works exclusively for the purchaser. A traditional selling agent works for the seller and is intent on achieving the highest possible sales price for the seller.

Posted To: MBS Commentary

As stock traders prepare to head home, with hat in hand and tail firmly stuck between the legs, both benchmark Treasuries and "rate sheet influential" MBS coupons are trading near their most aggressive levels of the day. The MBS NINJA just sent me his comments on the day: Another day has passed by with MBS largely on the sidelines, as the actions around the globe (both in bonds and stocks) largely failed to include mortgage-backed securities. As treasuries got a huge “flight to quality” boost from the doings and undoings in the Mediterranean Sea (and countries bordering said body of water), MBS was much more pedestrian while the market sits and anxiously waits prepays in another hour or so. Not much can be gained on this market as yield spread are as tight as they have…(read more)

Buying a foreclosed property is harder than you might think. You can’t go by the radio and TV ads that claim you can get a 4 bedroom home for $14,000. It just isn’t that simple!

Stressed out? Months behind in your mortgage and fear foreclosure? A short sale is an option for many in your shoes.

Posted To: MND NewsWire

The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the week ending February 3, 2010, the Federal Reserve purchased a total of $17.63 billion agency MBS. In those five days the Federal Reserve sold $5.63 billion (supported the roll market) for a net total of $12 billion MBS purchases. The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Only fixed-rate agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are eligible assets for the program. The program includes, but is not limited to, 30-year, 20-year and 15-year securities of these issuers. Since the inception of the program in January…(read more)

Deficiency judgments are the lenders’ way of kicking a dead horse. You cannot pay your mortgage. The bank forecloses and sells the house. You move away thinking it’s all over. A couple of years later the banks obtains a deficiency judgment for the amount it lost. You have a new job and new assets. Guess who’s coming after you.