Another Dip Puts COFI Closer to All Time Low

Author:  //  Category: Mortgage

As other interest rates move higher, the Cost of Funds Index moved lower again and stands even closer to its record low.

As of November, COFI — which is used to determine changes to some adjustable-rate mortgages — was off less than a basis point.

It was the second month in a row that the 11th District index has retreated — leaving it near its record low reached in August.


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Another Dip Puts COFI Closer to All Time Low

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Mortgage Rates Up, Unlikely to Retreat

Author:  //  Category: Mortgage

This past week saw an increase in fixed rates on residential loans, and it’s unlikely that rates will move significantly lower over the next seven days.

In Freddie Mac’s Primary Mortgage Market Survey for the week that ended on Dec. 31, thirty-year fixed rates averaged 4.01 percent.

Compared to the previous week, 30-year rates were up five basis points, while there was a 14-basis-point increase from the year-earlier survey.


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Mortgage Rates Up, Unlikely to Retreat

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Credit Union Failures Up Despite Overall Decline

Author:  //  Category: Mortgage

Although the number of mortgage-related entities to close or fail this year fell to the lowest level in a decade, credit union failures increased.

On Thursday, the National Credit Union Administration announced that First Hawaiian Homes Federal Credit Union was liquidated.

First Hawaiian was closed after it was determined that the credit union was insolvent and had no prospect for restoring viable operations.


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Credit Union Failures Up Despite Overall Decline

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Economist Discusses Banks, Ratings and Subprime

Author:  //  Category: Mortgage

His name is on one of the most closely watched home price indices in the country, and he is a Nobel laureate for his work in economics.

Robert Shiller is the “Shiller” in the Case Shiller Home Price Index. He was critical of the U.S. housing market before it crashed.

While he regards John Moody of Moody’s Investors Services as a hero, he says that the credit ratings agency lost its way in the seventies.


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Economist Discusses Banks, Ratings and Subprime

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The Mortgage Professor: ‘The Big Short’ reinforces widespread misperception about financial crisis

Author:  //  Category: Mortgage

… insight by shorting the private mortgage-backed security market. “Shorting… repay the mortgage.
A housing bubble creates massive opportunities for mortgage lenders … allowed to count private mortgage-backed securities issued against sub-prime mortgages, which they purchased …

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The Mortgage Professor: ‘The Big Short’ reinforces widespread misperception about financial crisis

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Daikyo-Brokerage-Limited.com’s retirement solutions contest inspires student interest Tokyo

Author:  //  Category: Mortgage

The University of Tokyo has won the Daikyo Brokerage Limited Inter-University Competition

TOKYO, JAPAN, December 31, 2015 /EINPresswire.com/ — Daikyo Brokerage Limited a privately held financial institution that has been a prodigy of the financial …

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Daikyo-Brokerage-Limited.com’s retirement solutions contest inspires student interest Tokyo

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‘It’s worth thinking who will win in a world of cheap oil and limited inflation’ – Simon Smith, FxPro

Author:  //  Category: Mortgage

… what caused the last one. Sub-prime mortgages in the US are naturally …

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‘It’s worth thinking who will win in a world of cheap oil and limited inflation’ – Simon Smith, FxPro

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“The Hadassah Code” – Donald Trump and Ivanka

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Revealed Donald Trump's Code Link To His Daughter Ivanka and also Ivanka's Code To Her Marriage

BRISBANE, QUEENSLAND, AUSTRALIA, December 29, 2015 /EINPresswire.com/ — Donald John Trump Sr. Candidate for The United States Presidency 2016… …

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“The Hadassah Code” – Donald Trump and Ivanka

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Rate rise prospect a cause for celebration

Author:  //  Category: Mortgage

… areas, as they did with sub-prime mortgage lending in the run-up to …

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Rate rise prospect a cause for celebration

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Leading FCM, Trading Buyside Firms Connect to IHCOM Commodity Link for Pre-trade Certainty for Swaps

Author:  //  Category: Mortgage

These include top financial and commodity players as other globally recognized clearing firms

INCHEON, SOUTH KOREA, December 30, 2015 /EINPresswire.com/ — Incheon Commodity Exchange (IHCOM), one of the most versatile commodity exchanges in Asia, …

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Leading FCM, Trading Buyside Firms Connect to IHCOM Commodity Link for Pre-trade Certainty for Swaps

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