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Monthly Archives: September 2010
Beautiful sky to wake up to this last Tuesday in September 2010.
The news got worse yesterday for Ireland as an additional downgrade of the European country was announced by the ratings agency S&P. This news will hurt the stock markets and bond markets in Europe in my opinion and may carry … Continue reading
Looks like the Florida mortgage market is having a good day after a very strong week. The market opened a little weak but came back strong with the early morning weakness in stocks. YSP’s across the board are higher as … Continue reading
Rick Deluca at the Center Stage event this morning in West Palm Beach FL
FL mortgage rates were down then up yesterday as the market went on a wild ride. As evidenced by the chart below we saw 3 price changes in the same day as indicated by the yellow diamond alert indicator on … Continue reading
FHA 203k renovation loans and FHA 203k streamline renovation loans can help save a deal in Florida and in any state where the program is available. Termite damage is a more common problem today due to the number of Bank … Continue reading
The bank seizures continues with 6 more banks getting the hook this week. This makes 125 for the year.
Brutal day in the MBS market with 2 alerts for reprices. The market started bad and just got worse all day. The stocks are not that strong today so this selling must be respected.
Looks like strong pricing across the board today as Yield Spreads increase for 106 lenders vs on 6 lenders with higher prices. Seems like buying has come in to the mortgage backed securities market at just the right time again…. … Continue reading