I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience. It is apparent to me that there is a prevailing feeling in both … Continue reading
Posted in Greg Frost Sr. | Leave a comment
Last Monday began on a positive note, with both stocks and bonds posting gains. The ISM index on March manufacturing conditions rose to a better-than-expected 53.4 from 52.4. Even though manufacturing has struggled mightily, this is the 32ndstraight month of … Continue reading
Posted in Economy, Frost Mortgage Monday, Monday Money Market Recap & Forecast | Leave a comment
Fed Chairman Ben Bernanke woke up the markets Monday morning during a speech to fellow economists. He noted that we “can’t be sure the recent pace of improvement (in the jobs market) can be sustained.” He added, however, that the … Continue reading
Posted in Economy, Frost Mortgage Monday, Monday Money Market Recap & Forecast | Leave a comment
What a week! In reviewing the reports that were due last week, it looked like trouble. But who could have guessed what would happen? We may have seen the last of 10-year note yields below 2.00% for a while. Maybe … Continue reading
Posted in Economy, Frost Mortgage Monday, Monday Money Market Recap & Forecast | Leave a comment
A lot of blood, sweat and tears have been shed over the past several months about the possibility that Greece would default on its economic obligations, but it looks like this upcoming part of the bailout will go through. There … Continue reading
Posted in Economy, Frost Mortgage Monday, Monday Money Market Recap & Forecast | Leave a comment
As I listen to the talking heads and government policy experts in Washington discuss mandating 20% down payments for future mortgage programs I get sick to my stomach. Aren’t any of these people doing their research before suggesting such a … Continue reading
Posted in Fannie Mae, Federal Housing Administration, FHA, Freddie Mac, GSEs, Mortgage Banker News, Mortgage News | 2 Comments
HUD has commissioned the National Community Reinvestment Coalition to conduct research on the practice by large bank consolidators of imposing FICO score overlays that require minimum scores above the new HUD minimum of 580. HUD previously had no FICO score … Continue reading
Posted in FHA, FICO, Homebuying, HUD | 1 Comment
If you are over 62 and are facing foreclosure on your home, Frost Mortgage may have a way for you to save your home and eliminate your mortgage payments for the rest of your life. The Frost Mortgage Senior Saver … Continue reading
Posted in Mortgage News, Mortgage Programs, Reverse Mortgage, Senior citizens | 2 Comments
You know I just heard a quote from a long time mortgage man that we Mortgage Bankers were toast and that after April, 2011 we would all be out of business. That perspective was credited to my long time, friendly … Continue reading
Posted in Greg Frost Sr., Licensing, Loan officer licensing, Mortgage Banker News | 4 Comments
I am very happy to announce that Frost Mortgage has finalized its Joint Marketing Agreement with Prudential Sandia Real Estate in New Mexico. Frost Mortgage will place a total of 3 Loan Officers in Prudential sales offices located in Albuquerque, Rio … Continue reading
Posted in Albuquerque, Announcements, Home Buying, Home loans, New Mexico | 1 Comment ← Older posts