Posts Tagged “Scoop”

News Sources wrote an interesting post today on
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Reuters

FHA mortgages to cost borrowers moreLos Angeles TimesLikewise, HUD is analyzing what the minimum credit score should be for an FHA-backed loan. Any change there would be temporary, he said. …FHA wants more “skin in the game’ on mortgages Chicago TribuneFHA to toughen rules for borrowers Washington Postus says taking steps mend housing agency finances Reuters The Palmetto Scoop  - DSNews.com  - Newsday (subscription)all 209 news articles »

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webmaster@technorati.com wrote an interesting post today on
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Reuters

FHA wants more “skin in the game’ on mortgagesChicago TribuneFew specifics of the plan, designed to limit risks to the FHA’s loan portfolio, are expected to be divulged immediately. But it seems clear from testimony …FHA to toughen rules for borrowers Washington PostU.S. says taking steps mend housing agency finances ReutersMortgage news update and common sense advice The Palmetto Scoop DSNews.com  - Newsday (subscription)  - WCAXall 200 news articles »

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webmaster@technorati.com wrote an interesting post today on
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Three outstanding Year 13 high school students are the recipients of Mike Pero Mortgages’ Foundation tertiary education scholarships for 2010. “We are delighted to announce the three winners who will receive scholarships, two of $5,000 and one of $2,500, …

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News Sources wrote an interesting post today on
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by Dominic K. Kimbell When you pay your monthly mortgage payment, you may have seen that a part of it (however small) decreases the mortgage and the rest of it pays the interest. This was how all mortgages were until recently. A new type of loan has been designed to permit the monthly mortgage payment to be as low as can be, by requiring only the payment of interest. This means that if you pick an interest only option, every month you pay your mortgage, the loan balance stays just the same;

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News Sources wrote an interesting post today on
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Swap spreads are mixed. Two year spreads are a basis point wider at 33. Five year spreads are flat at 36. Ten year spreads are a basis point wider at 17 1/2. Thirty year spreads are one basis point wider at NEGATIVE 15 1/2. Mortgages are a plus better to swaps. One MBS trader notes that seasoned 15 year paper has cheapened 1/4 to 1/2 point recently relative to TBAs. He expects that banks, flush with cash and lacking loan demand, will recognize value and begin to scoop up paper. The breakev

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