Posts Tagged ‘fannie mae’


Mortgage Rates January 30, 2009

   Posted by: Cal    in Gulf Coast Mortgages

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The bond market had a rough day yesterday and yet it has had little affect on today’s mortgage rates.  This is likely due to previous rate increases to try and slow down the overwhelming rush to refinances that has underwriting backed up for weeks.

Something interesting is happening with the FED’s buy back program for mortgage backed securities.  As mortgage bonds are traded, they come at certain "coupon" rates and are sold in .5% intervals.  For instance, right now we are watching the 4% Fannie Mae

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Short Sale Progress With Countrywide

   Posted by: Cal    in Real Estate


The term "Short Sale" means different things to different people. 

If you have tried to buy a short sale, chances are you will never try it again.  And for the brave real estate agents who get involved…..let me just say, my heart goes out to you.

But, there may be signs of change in the short sale market.  Countrywide has partnered with Fannie Mae to test a pilot program in

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