As a nation and as an industry we are in uncharted waters. I doubt anyone can accurately predict the outcome. What we can do is make some estimates on how the mortgage meltdown will change our industry in the short term – The next 18 – 36 months. Purchase – Purchase – [...]
The LIBOR index is rising fast… Refinance opportunity for net branch
the LIBOR rate has spiked in recent weeks.
What is the LIBOR and why is something your clients should be concerned about?
From a report on Bloomberg this week..
“The overnight Libor rate in U.S. dollars soared 3.33 percentage points to 6.44 percent today, its biggest jump [...]
By now everyone has heard about the historic bail out of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) by the government. In the short term this looks like a good move. The two companies are saved from insolvency and they can continue with business as usual. Is this good or bad in [...]
FHA Neighborhood Watch
What is it?
What is your number (Compare Ratio)?
Why is it important?
The Neighborhood Watch system is a web-based software application that displays loan performance data for lenders and appraisers, by loan types and geographic areas using FHA-insured single family loan information.
What is it?
The loan information is displayed for a two-year origination period and is [...]
