Some good news has come out of Washington DC regarding “conditional funding” of loans through the USDA Rural Development loan program. There will be conditional commitments for single family homes issued, subject to “the availability of funds and statutory authority to obligate such funds to support the proposed guarantee, the statutory authority to charge a [...]

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  At least one major indicator is pointing toward another major headache. The spread between 3-month Fed Funds and 3-month LIBOR (both futures, here forward FF/ED) is gapping out. This spread, generally referred to as the OIS/LIBOR spread is largely indicative of problems [...]

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  CHART OF THE DAY: Hey New York Homeowners, Look Out Below – Joe Weisenthal and Kamelia Angelova – The latest Case-Shiller 20-city average showed fresh signs of a possible double dip in housing, but of course it’s a mixed bag. Some markets are on rebounding [...]

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My Dad is 87, and was telling me that he’s run through his savings. "I’ve outlived my money!" he told me. "Tell it to someone who cares" I replied. Okay, I am just kidding on both counts, but anyone close to the reverse mortgage field knows that as old people become, uh, older, [...]

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