Real Estate Mortgage Online

wrote an interesting post today on
Here’s a quick excerpt
Mortgage Rates improved marginally from yesterday’s new all-time lows.  Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks.  When yields in the broader bond markets move lower, MBS (the “mortgage-backed securities” that most directly influence lenders’ rates) tend to move lower in yield as well, allowing lenders to off lower costs, lower rates, or a combination of the two.
With the recent move lower to a 3.75% Best-Execution level for 30yr Fixed Conventional loans, today’s improvements were seen more in the form of decreased borrowing costs, or increased lender credit, as the case may be.  If you’re a first-time or even frequent reader looking for a bit more clarity on “best-execution,” we just updated the background page: What is A Best-Execution Mortgage Rate? 
For a long time, 3.875% had been “the wall” for Best-Execution mortgage [...]

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Brian Montgomery wrote an interesting post today on
Here’s a quick excerpt
The State Regulatory Registry, LLC (SRR) and the Nationwide Mortgage Licensing System (NMLS) have issued an Annual Report for 2011. The report notes that 2011 was the first year that all state mortgage regulatory agencies utilized NMLS to manage mortgage loan originator (MLO) licenses on the system.  In addition, in January the NMLS Federal Registry became fully operational.  By the end of the year the Federal Registry contained active registrations for 11,081 institutions and 375,654 registered MLOs.
According to the report, for the first time almost all of the nearly half-million individual mortgage loan originators (MLOs) along with their license or registration status and other information are now available to the general public on-line through NMLS Consumer Access. 
By the end of 2011 NMLS had registered 17,121 companies holding 22,124 active state licenses.  There were 11,081 depository institutions and subsidiaries registered, and 116,991 individual MLOs holding 226,010 active state licenses in [...]

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Brian Montgomery wrote an interesting post today on
Here’s a quick excerpt
Realtors® massed on the Washington Mall on Thursday to show their strength in a year in which their trade organization, The National Association of Realtors (NAR) seems anxious on several levels.  An estimated 15,000 Realtors gathered at the foot of the Washington Monument to, in the words of NAR President Moe Veissi “protect the American Dream of homeownership.”
According to a press release regarding the Rally to Protect the American Dream as the event was characterized, “Realtors® are working to ensure that people who want to own a home or invest in real estate and can responsibly afford to do so will continue to have the opportunity to do that.”
NAR is currently concerned about discussions to include a requirement for a 20 percent downpayment in the proposed definition of Qualified Residential Mortgage and proposals being floated to  eliminate or limit the current tax deduction for home mortgage interest.  The association also [...]

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wrote an interesting post today on
Here’s a quick excerpt
Mortgage Rates hit new all-time lows today.  In most cases, lenders’ offerings are just slightly better across the board than they were in late January, the last time we officially noted “new all-time lows,” though some lenders are not quite back to their previous best levels.  A much weaker-than-expected reading on a widely followed report on business conditions in the mid-Atlantic region gave rates markets a bit of an early jolt lower.  From there, an absence of additional data gave way to technical momentum, helping rates even lower.
Markets are facing tremendous uncertainty over the eventual outcome of Greek elections in June as well as the fate of the Spanish banking sector.  Today, Spain saw their own version of the “run on banks” that occurred in Greece yesterday, reminding traders that, even if Greece makes it out of this mess still in the Euro-zone, that there are bigger fish to fry.  
All [...]

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