Mortgage News
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Consumer Mortgage Choice Act Under Fire From CRL
Posted To: MND NewsWire The Center for Responsible Lending (CRL) has released a brief issues paper voicing objections to HR 1077 , The Consumer Mortgage Choice Act. The bill currently sits in the House Financial Services Committee of which its sponsor Representative Bill Huizenga (R-MI) is a member. The bill amends the Truth in Lending Act (TILA) with respect to disclosures of points and fees for so called "high cost" mortgage loans and has the following key points Excludes from the computation of such points and fees: (1) the amount of any loan level price adjustment payment set by Fannie Mae, Freddie Mac, FHA, or similar government entity, (2) any compensation paid by a mortgage originator to an employee or creditor; and (3) any escrow for future payment of insurance. Modifies the inclusion in the computation of...( read more) 
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MBS RECAP: Reminded of Volatility via Friday Cliff-Diving
Posted To: MBS Commentary MBS Live : MBS Afternoon Market Summary MBS took a running start downhill this morning before reaching the edge of the cliff marked by yesterday morning's "ledge" of prices. This was the 102-28 area hit after yesterday's 8:30am economic data, including the weaker-than-expected Jobless Claims figures. MBS would go on to rally further after Philly Fed data at 10am, resulting in their best day of the month by a wide margin. Staring over the precipice of that same cliff (OK, it's not a very epic sort of cliff by the time we get back down to 102-28 from yesterday's highs at 103-10, but we're going for some continuity with the title here!), MBS turned, mouthed the words "it was never about the data..." and took the leap, ultimately making a splash (lots of them) around the important 102-16 waterline...( read more) 
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Jeff's Blog -
Jeff's Blog
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Written by Jeff
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Saturday, 13 August 2011 08:48 |
Here are the market reports from Long & Foster for our various Sussex County, DE real estate markets.. Overall there were 191 units sold in Sussex in July 2011 which was 6% ahead of July 2010, but 10% below Junes total of 213 units sold. There are 4,266 active listings which is down 4% compared to 2010.
Total Sussex County:
Beach Markets of Bethany-Fenwick, Rehoboth, and Lewes
Bethany Beach, Fenwick Island & Ocean View:
Rehoboth Beach:
Lewes:
Inland Markets
Millsboro, Selbyville, Dagsboro:
Milton, Georgetown & NE Sussex:
Seaford, Laurel & Western Sussex:
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Jeff's Blog -
Jeff's Blog
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Written by Jeff
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Saturday, 06 August 2011 06:38 |
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 Is this the last opportunity to purchase or refinance with bargain home prices and rates now at record lows?
For the past several months, rates have been low, but still above the record low levels they reached during the second half of last year. These rates presented a great opportunity for homeowners to refinance their home loan. It was even a better opportunity for those who were interested in purchasing their first home, an investment property or trade up. With bargains available, purchasing made so much sense for those who see real estate as a long-term investment and more importantly a better life for their family.
Are these record low rates about to become a distant memory?
Read our Special Report - CLICK HERE |
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Jeff's Blog -
Jeff's Blog
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Written by Jeff
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Monday, 28 March 2011 21:28 |
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Need to keep up-to-date on all things mortgage financing related? Want to connect with me on Social Media sites? Join the conversation!
Become of fan of Jeff Baxter - Mortgage Banking on Facebook
Follow me on Twitter - SJBaxter
And, you can subscribe to my blog "The View from the Beach" HERE
Or, if you just want to find out more - go to my About.Me Profile: Click Here |
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Jeff's Blog -
Jeff's Blog
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Written by Jeff
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Tuesday, 08 March 2011 19:13 |
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Our three (3) newsletters have been published for March. Every month we distribute Real Estate Trends, which has short articles on the general real estate market and the economy; the Real Estate Page, which focuses on a single topic of interest to homeowners, home buyers, home sellers, and real estate professionals; and The Sales Report, which provides sales tips and planning topics for the self-employed professional.
Real Estate Trends - March 2011 - this month features an article on how the shrinkage of government will represent a potential drag on the economic recovery in the next few years, a story on the remodeling comeback after a few years of stagnation, and a short story on "bottom fishing" - Is Now THE Time?
Real Estate Page - FHA Alternatives - this month features a discussion of the FHA mortgage program and the advantages it can provide for mortgage financing for the average American. Ranging from low down payments to liberal gift policies, FHA loans provide a low cost alternative to first time buyers, lower income buyers, and the average buyer looking for a lower down payment alternative with less stringent qualifying guidelines.
The Sales Page - Continual Improvement - this month we talk about the value of making continual improvement to your marketing plans, sales process, and operating style. Rather than undergoing a major re-tooling of your efforts every few years, we look at the value of making those continuing improvements that steady help improve your performance and your business results.
I hope you find these newsletters useful and helpful to both you and your clients. Please feel free to distribute them to clients and colleagues - whoever you think might benefit from the topics discussed.
And, as always, please call or email me if I can ever be of any assistance. Your referrals are always appreciated.
Hey - have you seen this? Click here to see a new way to introduce yourself online |
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Jeff's Blog -
Jeff's Blog
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Written by Jeff
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Saturday, 05 February 2011 08:48 |
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Our three (3) monthly newsletters have been published for February. Every month we distribute Real Estate Trends, which has short articles on the general real estate market and the economy; the Real Estate Page, which focuses on a single topic of interest to homeowners, home buyers, home sellers, and real estate professionals; and The Sales Report, which provides sales tips and planning topics for the self-employed professional.
Real Estate Trends: February 2011 - this month we include reports showing an economy beginning to improve, the story of the population growing which is good for real estate, and an article on the "new consumer" - what home features do they want today?
Real Estate Page: Qualifying for a Mortgage - this month's features a discussion of the keys issues in qualifying for a mortgage today. These include a borrower's credit scores, cash reserves, income documentation, and monthly debt.
The Sales Page: Fire 'em- this month we talk about how there are times when you have no alternative but to fire a client or a referral source. This article discusses how to recognize that situation and what to do about it.
I hope you find these newsletters helpful to both you and your clients. Please feel free to distribute them to clients and colleagues - whoever you think might benefit from the information provided.
And, as always, please call or email me if I can ever be of any assistance. Your referrals are always appreciated. Let's make 2011 a great year! |
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Find Jeff's Offices
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January 30, 2012 (428)
