Tag Archive for: mortgage backed securities

Fed Promises 3 Rate Cuts This Year – But WHY? (Very Confusing Message)

/in ,
The Fed held the Fed Funds Rate steady this month – which was no surprise. The big surprise was that it announced that we’d see 3 rate cuts this year […]Read More

Is This The Worst of All Worlds? Sadly, Yes – And Here’s Why…

/in ,
WOW! Rates rose every day last week even though inflation is clearly falling! This is particularly surprising because inflation is perhaps the biggest single driver of mortgage rates. Making matters […]Read More

Who Buys Loans From Mortgage Banks; How It Works & Why It Matters

/in ,
Most mortgages in America are funded by “mortgage banks” – which are entities that solely originate, underwrite, and fund mortgages; they do not hold deposits or do any of the […]Read More

Mortgage Rate Rules Out The Window; Confirmation Bias; Kool-Aid Mustaches, Sting-Rays & Snakes

/in ,
In the pre-internet days of the mid-1990s, we would call the “Bond Market Hotline” on the telephone (with a cord 😊) several times per day to see how the 10 […]Read More

Portfolio Loans – What Exactly Are They?

/in
After the 2008 mortgage meltdown, a large number of Asian buyers very wisely swooped in to buy CA residential real estate on the cheap. Many came to us for financing […]Read More

Can Trump’s Deregulation Bring Back Sub-Prime Craziness? Heck No

/in ,
Refinance volume is at its lowest level since June of 2009. With lenders desperate to increase volume and President Trump showing a strong desire to deregulate financial markets, people are […]Read More

Loans Have To Be “Salable;” No Exceptions For Strong Borrowers

/in ,
We have seen a few major mortgage companies go out of business lately, despite a strong market for mortgages overall. One of the reasons they went out of business was […]Read More