completely OT but - 68 degrees on the front range CO - in DECEMBER. I just had to get another bike ride in and so missed all the excitement about FNM !
That warm weather is sure to have a bad impact on housing sales.
Does anyone know of any websites that track who is actually funding mortgages? It seems that it won't be long before the GSE's won't be able to buy mortgages any longer without some kind of government intervention. If the government openly starts funding mortgages, it will surely cause further confidence loss in the dollar and just hasten the capital flight.
I guess that some smaller banks that are still well capitalized are probably funding mortgages, but I'm sure the underwriting is very strict, and I wonder how high the rates are, and how fast they are rising.
The one thing that has really surprised me since the "credit crunch" began, is the lack of significant rise of mortgage costs. I realize that jumbo loans have jumped a lot, and standards have tightened, but I was expecting on (already) seeing a repeat of the 1979-1980 rise in rates, I guess I will have to be patient.
Does anyone know of any websites that track who is actually funding mortgages?
i don't think that is available for free anywhere, but according to Inside MBS & ABS, the Fs had an 80% market share (by securitization channel) in Oct, up from 50% at the start of 2007. subprime, alt a, and jumbo are down to 6% each.
Just saw Larry Kudlow and his band of merry monkeys on CNBC spinning this Fannie move as a good thing because (a) Fannie and these other desparate financial companies are easily able to raise the cash they need, because folks will happily invest in their stock, and (b) slashing the dividend shows the company is ruled by wise leaders.
Simply amazing! Really, some enterprising investigative reporter should dig hard and find out who is really paying Larry. He closed the program today with a salute to George Bush and his wonderful 6-year economic boom. It really made me scratch my head and wonder.
Note: I watch CNBC in our company workout facility, but only when nobody else is around to hear me exlaim "Kudlow, you Bleeping Shill!".
Fannie Mae Fuck You. It's getting harder to accept the sad fact that I pay Comcast in order to view Kudlow & Cramer. Just who is the real financial idiot here?
Rates are LOW still,if you have good credit and documented income.Comerica offers a no point 5.25% second to 80% CLTV.720 minimum score and you have to document your income.Jumbos are right around 7% at 90% LTV,again a good score and documented income are required.these are good rates historically,however prices are a different matter,at least where I am.
Its getting so you can't tell your fannie from your freddie...
Definitely time to raise the conforming loan limit to $1 million.
What's taking so long?
Fannie does a Freddie.
that line is Gold.
"conservatively manage increased risk in the housing and credit markets" - Too late to try and do this
The smells emanating from this Fannie are getting fouler by the day.
bacon dreamz, this is for you:
Do the Freddie
Some songs from the '60s were pretty weird!
Best to all.
bacon dreamz, I suppose "Do the Freddie" is the '60s version of "Soulja Boy".
Best to all.
thanks, CR! i prefer the Freddie, actually, but i'm a hopeless square.
i actually know a fair amount about weird stuff from the 60s, the haight is just 15 minutes away via the 71.
also, the first video probably a good preview of bacon dreamz at the office christmas party...
also, the first video probably a good preview of bacon dreamz at the office christmas party... -bacon dreamz
If such spectacles actually happened at those events, I'd start attending.
u guys are all just way to smart to be bloggin here. we need to ship u up to Washington.
completely OT but - 68 degrees on the front range CO - in DECEMBER. I just had to get another bike ride in and so missed all the excitement about FNM !
68 in DECEMBER !
-K
sk-
That warm weather is sure to have a bad impact on housing sales.
Does anyone know of any websites that track who is actually funding mortgages? It seems that it won't be long before the GSE's won't be able to buy mortgages any longer without some kind of government intervention. If the government openly starts funding mortgages, it will surely cause further confidence loss in the dollar and just hasten the capital flight.
I guess that some smaller banks that are still well capitalized are probably funding mortgages, but I'm sure the underwriting is very strict, and I wonder how high the rates are, and how fast they are rising.
The one thing that has really surprised me since the "credit crunch" began, is the lack of significant rise of mortgage costs. I realize that jumbo loans have jumped a lot, and standards have tightened, but I was expecting on (already) seeing a repeat of the 1979-1980 rise in rates, I guess I will have to be patient.
Does anyone know of any websites that track who is actually funding mortgages?
i don't think that is available for free anywhere, but according to Inside MBS & ABS, the Fs had an 80% market share (by securitization channel) in Oct, up from 50% at the start of 2007. subprime, alt a, and jumbo are down to 6% each.
...and by Fs i mean Agencies.
Now, what will Tangelo Mozilo do? Won't look good for Fannie to take on more of his waste under these circumstances.
Orangelo wasn't so orange yesterday? More....White as like a sheet.
So what happens to homeowners in good standing when CW goes under?
Just saw Larry Kudlow and his band of merry monkeys on CNBC spinning this Fannie move as a good thing because (a) Fannie and these other desparate financial companies are easily able to raise the cash they need, because folks will happily invest in their stock, and (b) slashing the dividend shows the company is ruled by wise leaders.
Simply amazing! Really, some enterprising investigative reporter should dig hard and find out who is really paying Larry. He closed the program today with a salute to George Bush and his wonderful 6-year economic boom. It really made me scratch my head and wonder.
Note: I watch CNBC in our company workout facility, but only when nobody else is around to hear me exlaim "Kudlow, you Bleeping Shill!".
Fannie Mae Fuck You. It's getting harder to accept the sad fact that I pay Comcast in order to view Kudlow & Cramer. Just who is the real financial idiot here?
Fannie and Freddie need to end all dividends until they can prove they have enough capital. End of story.
Rates are LOW still,if you have good credit and documented income.Comerica offers a no point 5.25% second to 80% CLTV.720 minimum score and you have to document your income.Jumbos are right around 7% at 90% LTV,again a good score and documented income are required.these are good rates historically,however prices are a different matter,at least where I am.