Category Archives: Mortgage Banker News
← Older postsMortgage Applications See Biggest Gain in 3 Months: MBA
June 15, 2011Home loan applications rose to the highest level in three months during the week ended June 10, due to pumped-up refinancing demand as the 30-year fixed mortgage rate fell to 4.51 percent. The Mortgage Bankers Association’s index of loan applications … Continue reading
Mortgage Applications at Highest Level in 3 Months
March 9, 2011Thanks largely to an improving job market, the Mortgage Bankers Association’s seasonally adjusted index of loan applications spiked 15.5 percent for the week ended March 4 — marking the highest level in three months and the biggest gain since June … Continue reading
IT'S THE LOAN PROGRAM, STUPID……
March 8, 2011As 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
Mortgage Applications Rose Last Week
January 19, 2011As interest rates declined to their lowest level in a month during the week ended January 14, the Mortgage Bankers Association reports, home-loan application activity rose 5 percent. Fixed 30-year mortgage rates averaged 4.77 percent for the week, down a … Continue reading
Greg Frost’s thoughts on the future of Mortgage Banking
December 30, 2010You 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
Existing Homes Sales Rise; GDP Holds Steady; Home Prices Predicted to Rise
December 23, 2010Existing home sales showed a healthy rise in November, the National Association of Realtors reported yesterday. In separate reports, the Bureau of Economic Analysis said third quarter gross domestic product rose by 2.7 percent; the Federal Housing Finance Agency said … Continue reading
Private Mortgage Insurers About to Go Back on Offensive
September 16, 2010With the FHA set to hike premiums on Oct. 4, experts expect more competition in the private mortgage insurance market, enabling those players to recoup market share and pad reserves. Competition would benefit lenders in terms of price, service and … Continue reading
Latest Housing Scorecard shows continued affordability in U.S. market
July 21, 2010The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have jointly released the second edition of the Administration’s Housing Scorecard showing that, thanks in part to interest rates continuing at all-time lows, home … Continue reading
Great news for FHA lenders from Congress
June 29, 2010Federal Housing Administration (FHA) lenders will be exempted from new “risk retention” rules, which is great news for companies who issue loans insured by the government. National Mortgage News reports that [t]he legislation finalized by the conference committee late last … Continue reading
Greg Frost Sr.: Learn to succeed
June 28, 2010The great breakthroughs in your life will come when you realize that you can learn anything you need to learn to accomplish any goal that you set for yourself. This means that there are no limits on what you can … Continue reading
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Greg Frost's Corner
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 the House and Senate, along with the Executive Branch, that our government should reduce [...]
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