GFE Calculator
Phone
(866) 724-0040
Fax
(866) 795-2804
Home News

News


DAILY RECORD

FEBRUARY 2009
NOVEMBER 2012
JANUARY 2013
SEPTEMBER 2013
NOVEMBER 2013

TITLE REPORT

CSA/CLS MERGER

Mortgage News Daily

MBS RECAP: Bonds Skittish After Stocks Find Bottom
Posted on Monday May 20, 2019

Posted To: MBS Commentary

Both stocks and bonds have been edging back into less panicked territory after trade war drama fizzled out last week. In other words, stock prices and bond yields were moving higher together. To be fair, bonds got one last rally push from Italy/EU drama mid-week (stocks didn't care as much about that one). Either way, by the end of last week the worst of the "risk-off" momentum appeared to be over and momentum looked to be shifting back in the other direction. Overnight weakness in equities markets threatened to push bond yields back down and create a green day for rates as opposed to modest weakness implied by the recent trend. But stocks were only ever looking panicked in the overnight and early morning hours. As soon as the 9:30am NYSE session got underway, stocks found their...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Mortgage Rates Mostly Hold Near Lows, But Things Could Change Tomorrow
Posted on Monday May 20, 2019

Posted To: Mortgage Rate Watch

Mortgage rates moved microscopically higher today, depending on the lender. In terms of underlying movement in the bond market, however, rates should have risen a bit more than they did. This has to do with the timing of the bond market weakness and the amount of movement lenders typically want to see before changing their mortgage rate offerings for the day. Simply put, weaker bonds suggest higher rates, but bonds didn't weaken fast enough for most lenders to see their "re-price" threshold. All of the above means that most lenders continued to offer rates that were very close to the lowest levels in more than a year. Only a handful of days have been any better, and all of them have occurred in the past 2 months. Much of the credit for the recent drop in rates goes to the well-publicized trade...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Reverse Daily Mortgage

FHA Commissioner: HECM Program Health is Encouraging
Posted on Monday May 20, 2019

The Home Equity Conversion Mortgage (HECM) program remains a source of concern for the Federal Housing Administration (FHA), but recent corrective action taken to improve its standing within the Mutual Mortgage Insurance (MMI) Fund is showing progress. This is according to remarks made by FHA Commissioner and Acting Deputy Secretary of the Department of Housing […]

The post FHA Commissioner: HECM Program Health is Encouraging appeared first on Reverse Mortgage Daily.

RMF Updates Equity Elite Product to Include Term Payment Option
Posted on Monday May 20, 2019

Reverse Mortgage Funding announced Monday that it is rolling out updates to its Equity Elite proprietary reverse mortgage, now to include both lump sum and term disbursement options for borrowers under a fixed rate. The product expansion, which allows borrowers to choose any number of term payments from 24 to 120 months, follows a series […]

The post RMF Updates Equity Elite Product to Include Term Payment Option appeared first on Reverse Mortgage Daily.