My New Blog

If you're in the high 5's or on an adjustable, the writing is on the wall.  You better get your refinances ready to go NOW.  Mortgage backed securities are in a sort of limbo right now ...

We should write our Congress-people to revoke the HVCC.  The first thing one notices professionally is that the price of an appraisal has gone up.  Second;  Appraiser's are erring on the low side.  I really don't see any way that HVCC has been to anyone's benefit.  You've removed competition and a lot of motivation, then deliver an inferior product for increased cost.  I wrote Obama awhile ago about this.