Entries from September 2010

Garrett, Watts & Co. (September 24, 2010)

September 24th, 2010 · No Comments

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· Our Client Appreciation Dinner is going to be Thursday, November 18, and like last year, it will be held the Palace Hotel in San Francisco .  Everyone who attends these dinners really loves them. Details to follow.

· On This Day in History, September 25, 1957 nine black students entered all-white Central High School in [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Existing Home Sales Stuck Near Record Low and Inventory Stuck Near Record High – by Michael David White

September 24th, 2010 · No Comments

  by Michael David White Sales remain deeply depressed with 11.6 months of inventory available for purchase and an estimated 1.1 million excess units actively in the market after an uptick in August sales of 7.6 percent. The median price fell 1.9% in August and units of [...]

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Tags: Mortgage Market

Mortgage and Housing Related: Fannie tightens, CFPB and Arms Disclosure, Buyer Brick Wall, Construction Bottoming Formation, GMAC Ally, Atlanta Empty, Dimon Sells, Stevens on FHA, FN HAMP, HECM Saver

September 23rd, 2010 · No Comments

  Fannie Mae urges early tightening of mortgage delivery requirements – by JASON PHILYAW – … She said there are 97 required data points for all loans to be delivered to a GSE and lenders need to update their systems to account for new points that may [...]

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Tags: Mortgage Market

Flood insurance deadline looms; Comments on servicing pros and cons; Uniform Appraisal Dataset news; Investor updates

September 23rd, 2010 · No Comments

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One week from today the temporary extension of the National Flood Insurance Programexpires. That’s right – expires. The Senate passed legislation which extends it through September 30, 2011. As one would expect, the move was welcomed by the entire industry, including the Mortgage Bankers Association. At this point it moves on to the House, where [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman