Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up
When should you lock in your interest rate? The Daily Mortgage Commentary keeps you up-to-date on the financial conditions driving mortgage rate changes.
Posted on:
Mortgage application volume falls 6.2 pct
WASHINGTON - Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey.
Posted on: Nov 19, 10:01 AM
Fitch Revises U.S. Subprime RMBS Surveillance Criteria; Updates Loss Projections
Fitch Ratings has revised its surveillance methodology for U.S. subprime RMBS to reflect an added emphasis on its loan-level default and loss model, ResiLogic. Fitch has also updated its subprime RMBS loss projections reflecting both deteriorating performance and the new criteria revisions. The average cumulative loss expectations, as a percentage of the initial securitized balance, for 2005, 2006 and 2007 vintage transactions are now 12%, 27% and 31%, respectively. Fitch is currently reviewing its rated transactions from these vintages and will be releasing updated ratings over the next several days.
Posted on: Nov 19, 09:34 AM
iEmergent Announces 2009-2013 Mortgage Volume Forecasts
iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory services firm for the financial services, mortgage and real estate industries, issued its Mortgage Volume Forecasts for 2009 -- 2013, including its Market Behavior Metrics tables, in order to provide lenders details on the size, density and speed of growth of mortgage lending opportunities.
Posted on: Nov 19, 09:04 AM
Laurie Goodman to Join Amherst Holdings, LLC As Senior Managing Director
Amherst Holdings, LLC, a holding company for businesses focused on the mortgage sector, announced today that leading mortgage strategist Laurie S. Goodman will join as a Senior Managing Director in charge of research, risk management and business development, effective December 8, 2008. Ms. Goodman most recently served as Managing Director and Head of Global Fixed Income Research at UBS, where she also ran the Securitized Products Research Group and wrote The Mortgage Strategist, the top mortgage strategy report on Wall Street, for more than 15 years. Ms. Goodman will be based out of the company's office in New York.
Posted on: Nov 19, 08:34 AM
