Monthly Archives: July 2012

My Thoughts for the Week of July 30, 2012

This week is lined up with lots of key data that can affect the markets, with the usual attention being given to the FOMC (Bernanke and crew) meeting this Tuesday and Wednesday followed by their policy statement Wednesday afternoon. Once … Continue reading

Posted in Weekly Update | Tagged , , , , , , , , | Leave a comment

My Thoughts for the Week of July 23, 2012

Talking about Greece again, there is now concern that they will fall into a depression similar to the US depression of the 30’s, and most likely will have to exit the EU. The renewed concern over the European debt crisis … Continue reading

Posted in Weekly Update | Tagged , , , , | Leave a comment

July NAHB Housing Market Index Jumps 6 Points

The RE markets received some good new today. The July NAHB housing market index jumped 6 points, the biggest jump in 10 years. This is a leading indicator of real estate market improvement. The fact that this is happening in … Continue reading

Posted in Mortgage News | Tagged , , , , | Leave a comment

My Thoughts for the Week of July 16, 2012

after last week’s little economic data, this week we see a lot which could mean increased volatility. Today we already had June retail sales, which was weaker than expected. Overall sales were expected up .2%, retail sales fell -.5% as … Continue reading

Posted in Weekly Update | Tagged , , , , , , , , | Leave a comment

CFPB Unveils New Loan Estimate and Disclosure Forms for Review and Comment

The CFPB has been working on two new disclosure forms in an attempt to help simplify two current disclosures, the Good Faith Estimate and the estimated closing (HUD-1) doc. Today they rolled out the new docs for a “review and … Continue reading

Posted in Mortgage News | Tagged , , | Leave a comment

My Thoughts for the Week of July 9, 2012

Friday last week we saw the June employment report. ADP predicted 176K private jobs, actual data was 84K. The data was so bad that there is now a very strong view in the markets that the Fed will have to … Continue reading

Posted in Weekly Update | Tagged , , , , , , | Leave a comment

Fraud Alert: How Countrywide Used its VIP Loan Program To Influence Washington Policymakers

(The Niche Report) – The scandalous past of the defunct Countrywide Financial, which at one point was the largest residential mortgage originator in the United States, just got a bit more sordid. On early Thursday, July 5th, a Congressional report … Continue reading

Posted in Mortgage News | Tagged , , | Leave a comment

My Thoughts for the Week of July 2, 2012

The 4th of July falls in the middle of this week which should lead to lower than normal activity because of many taking a few days off. This morning’s June ISM manufacturing index dropped from 53.5 to 49.7. Readings under … Continue reading

Posted in Weekly Update | Tagged , , , , , , | Leave a comment