Appraisal News; Webinars on PHH/CFPB, Selling Loans; Broker to Banker; Pumpkin Humor

Posted To: Pipeline Press

Want to lend money? A common evaluation framework is the Five C’s of Credit : capacity, capital, collateral, conditions and character. Let’s see what’s going on with the collateral side of things, especially with disaster areas – investors sure want to know that the value is there! Four federal financial institution regulatory agencies issued an exception from the appraisal requirements for real estate-related financial transactions in the parishes declared to be in a major disaster area due to the severe storms and flooding in Louisiana. The agencies will not require financial institutions to obtain appraisals for …read more

MBS Day Ahead: Bonds On The Run

Posted To: MBS Commentary

Paul McCartney will only be signing about “bonds on the run” if he's in the market for a mortgage, because bonds are running in the wrong direction. This morning's US economic data is already out, and it did little to stem the tide of selling that was already in place from the overnight session. Fittingly, on a day with an allusion to a British singer in the headline, it was largely British drama (lack thereof, really) that kicked off the overnight weakness. The lack of drama comes courtesy of stronger UK GDP, which in turn leads …read more