Archive for March 4th, 2010

Advice to People Looking For a House

Thursday, March 4th, 2010

Because of the continuous development and appearance of numerous property projects, the Philippines’ flourishing property industry can actually leave an inexperienced buyer bewildered. With so many varieties to choose from, where can someone begin with the property hunting process?

MBS CLOSE: Explaining the Expected Distortion in Employment Data

Thursday, March 4th, 2010

Posted To: MBS Commentary

"Rate sheet influential" MBS coupons ended the day near the price highs of the week. While we did see spotty reprices for the better this afternoon, the majority of lenders left rebate unchanged on the day. The FN 4.0 went out +0-09 at 98-20 yielding 4.134% while the FN 4.5 ended the session +0-07 at 101-13 yielding 4.344%. The secondary market current coupon fell 3.6 basis points to 4.26%. "Rate sheet influential" MBS coupons benefited from a down in coupon bias today. The FN 4.5 outperformed benchmark Treasury hedges by a few basis points. The current coupon yield is 65.4 basis points over the 10 year TSY note yield and 62.4bps over the 10yr swap. The FN 4.5 broke range resistance and is currently bid just below its intraday high of 101-15+. Heck, the FN 4.5 is only 3…(read more)

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Buying a House Built in the 1950’s

Thursday, March 4th, 2010

There are several things to consider when buying a house built in the 1950’s. Products and technologies change over time. By learning about the products that are no longer used, you will be better informed, and not disappointed with your home inspection results.

Locking Loans Ahead of Employment Report. More to Lose than Gain

Thursday, March 4th, 2010

Posted To: Mortgage Rate Watch

Its been a wild week in mortgage rate land. Lenders have repriced for the better, they have repriced for the worse, only to reprice for the better again! And that's just two days of action. Its been a roller coaster ride to say the least, but some how we've managed to end up right back where we started: MORTGAGE RATES HAVE HELD NEAR 2010 LOWS ALL WEEK The economic calender provided plenty of reason for mortgage rates to move today. The first set of data to be released was Weekly Jobless Claims. This report provides three measures on the health of the labor market: Initial Jobless Claims : totals the number of Americans who filed for first time unemployment benefits Continued Claims : totals the number of Americans who continue to file for benefits due to an inability to find a new job…(read more)

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How to Avoid Foreclosure

Thursday, March 4th, 2010

Foreclosure is the process of legally obtaining the collateral property of a loaner or mortgagee who failed to pay their debt in the allotted time. The number of foreclosures has significantly increased due to the global economic recession; a lot of people are experiencing problems holding on to their assets and properties. This article will help you learn how to avoid foreclosure and keep your assets safe.

Good Neighbors Make a Good Neighborhood

Thursday, March 4th, 2010

I remember the first single-family home I bought. We would drive through the neighborhood and check it out just about every chance we could.

REO Vendors Trades Are Exploding

Thursday, March 4th, 2010

As the economy went south a couple of years ago and the housing bubble burst, there was a huge amount of foreclosures slamming into the banks and real estate markets. For most people in construction or real estate, it signaled widespread layoffs and unemployment.

Ingredients For Buying a Luxury Home in Dallas

Thursday, March 4th, 2010

Purchasing a home that has everything on your dream home checklist is not difficult if you know the ingredients for buying a luxury home in Dallas. If you narrow down your search, you can get into the home of your dreams in less time than you think. Before you begin your search, it is important that your realtor knows what you are looking for.

4 Ways to Instantly Stop Foreclosure - Don’t Let the Bank Bring Your Family to the Streets

Thursday, March 4th, 2010

The global recession has brought upon us a myriad of problems and complications, most of them financially-related. Mortgage foreclosure is one of the primary problems faced by homeowners today, and it is possibly the most damaging to families as it could mean the whole family having to end up on the street when the proceeding are completed by the financiers!

What is the Cost of Foreclosure to a Bank and Why You Should Care?

Thursday, March 4th, 2010

Foreclosure is not a good word to a bank, they really do not want to take possession of the property. Banks are not real estate companies, and when they get a property back it means that they are now not getting interest from the money they put up, and now they also have new expenses that involve the maintaining and selling of the property.