FHA Mortgage – Wendy Thompson Lending Team

FHA Mortgage – Wendy Thompson Lending Team
We want you to understand your options and pick the right FHA Loan, because what you qualify for and what you’re comfortable with are 2 different things! You can start the first time homebuyer process online with our pre-qualification tool, or call us. A 15-minute phone call will answer a lot of your FHA mortgage questions and set you on the right path.

Brutal Week For Rates But There's Hope (Hopefully)


Posted To: Mortgage Rate Watch Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We've certainly been discussing it in recent newsletters ( especially last week's ). The rising rate narrative hit the mainstream this week as it was widely credited for doing damage to the stock market. Perhaps you even caught one of Thursda

MBS RECAP: Nice Bounce! Now What?


Posted To: MBS Commentary Nice Bounce! Now What? - An early bounce turned into an even bigger, friendlier bounce at the end of the day - Biggest reason for the gains is the losses that preceded them (momentum/technicals/tradeflows) - Still following the 2.5 coupon - Still would like to see better confirmation of a new range with next week's trading (but yes, this is the most promising bounce of t

10 Icebreakers for Your Next Remote Meeting

by Owl Labs


Kick off meetings with creativity & encourage teamwork with these 10 Virtual Icebreakers

Forbearances Post Typical Mid-Month Increase


Posted To: MND NewsWire Black Knight reports a second increase in the number of loans in pandemic related forbearance plans in as many weeks. Forborne loans rose by 21,000 during the week ended February 23 after falling below 2.7 million for the first time since last April earlier this month. The company said such mid-month increases have been typical in recent months. At of the end of the report

FEB 26
Lenders Hiring MLOs; Correspondent, Tech, Servicing, Tech Products; What you Should Know About Yesterday's Rate Move


Posted To: Pipeline Press Huh? Rates don’t continually go down and then stay there for an indefinite period of time? No, they don’t. There’s this opinion piece in the Wall Street Journal: “We’ll Have Herd Immunity by April. COVID cases have dropped 77% in six weeks. Experts should level with the public about the good news.” Every lender will tell a client that good economic news is bad for lower

Freddie Mac's 12-Month Portfolio Growth Nears Half Trillion


Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio balance at the end of the period was $2.777 trillion compared to $2.740 trillion the prior month and $2.339 trillion a year earlier. Purchases and Issuances totaled $120.128 billion and Sales

Fannie/Freddie COVID Programs Extended to Match FHA, VA Deadlines


Posted To: MND NewsWire Deadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended by the Federal Housing Finance Agency (FHFA) for the second time in a little over two weeks. The agency said the new changes were made to bring GSE programs into alignment with the deadlines for the similar FHA and the VA programs which the White House had exte

Mortgage Rates Are Now Well Over 3 Percent


Posted To: Mortgage Rate Watch Mortgage rates WISH they were still at 2.97%—the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To say that bond market volatility has been elevated recently is an understatement of extreme proporti

MBS RECAP: Video Time Corresponds With Market Drama (Today's is 22 min.)


Posted To: MBS Commentary Just When You Thought It Wouldn't Get Much Worse Staggeringly weak day for bonds. 2.0 MBS coupon is now irrelevant. 2.5 is only game in town Lots of general motivations to discuss (watch the video), but the 7yr auction was the only obvious moment for cause & effect Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Jobless Claims 730k vs 838k f'cast, 841k prev Durable G

FEB 25
Pending Home Sales Post 5th Straight Loss


Posted To: MND NewsWire January marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly signed contracts for the purchase of existing homes, was down 2.8 percent from its December level. The index in January was at 122.8 compared to 125.5 in December and has lost 10 points since Augus

Ops, MLO Jobs; Cap. Mkts., Valuation, Default, Fulfillment Tools; Technology and Processing Notes


Posted To: Pipeline Press As hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it when people ask me what I do for fun because there is no classy way to say, ‘Binge drink.’” The approaching 1003 form mandatory changes may cause some people to turn to drink… Is it going to “March Madness” at your shop with the new URLA? (The commentary has plenty of URLA and proc


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