Mar
Market Snapshot
Mortgage Bonds have already traded in a wild range this morning. The good news is that prices have managed to remain above an important level of support, despite the volatile trading. Adding to the volatility is news that China is concerned the US may be spending too aggressively on the recession, which may lead to [...]
Mar
What is Mark to Market Accounting and why it is important to you now
The financial crisis that we are in today was not caused by mortgages or housing, although they were both catalysts. The real reason was an accounting rule called “Mark to Market” also known as FASB 157. Few people have a strong grasp of this rule, and even those who do, have a tough time explaining [...]
Feb
County-by-County: The 2009 “High-Cost” Conforming Loan Limits
As part of the stimulus package passed last week, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country. “High cost” is defined by a regions’ median sales price.With the temporary increase, a greater share of Americans can now qualify for Fannie Mae- and Freddie Mac-backed loans, usually the least expensive source [...]