Another great video:  Attack of the FHA loan files? Most of the United States begins Daylight Saving Time at 2:00 a.m. on the second Sunday in March and reverts to standard time on the first Sunday in November. So by my calculations, that means that this Sunday here in the U.S. most of us “fall back” and it will dark by dinner time.I doubt if this will impact the pace of the Fed buying securities backed by mortgages. For the week ending on October 28^th (yes, they end their week in the middle of the calendar week) the Federal Reserve's MBS program was a net buyer of $18 billion agency MBS, which was the similar to last week. For the year purchases of agency MBS stand at $977 billion. Recently the Fed has had an appetite for 30-year 5.0s and 5.5s (which include 5.25-6.125% mortgages). The Federal Reserve finished its $300 billion Treasury purchase program yesterday, and at this point the mortgage purchase program will end in March. Continue reading - More on housing tax credit, US Bank, Loan Mod Agents, Flagstar, GMAC and daily joke:  CLICK HERE