[Effective Demand]

Maybe they are reporting it as “other” for some reason?

Or possibly it is a new leaf by the lenders and will be reported in the next servicer survey. This only covers up to Q1 2009.

[Effective Demand]

Maybe they are reporting it as “other” for some reason?

Or possibly it is a new leaf by the lenders and will be reported in the next servicer survey. This only covers up to Q1 2009.

[Effective Demand]

Maybe they are reporting it as “other” for some reason?

Or possibly it is a new leaf by the lenders and will be reported in the next servicer survey. This only covers up to Q1 2009.

[Effective Demand]

Maybe they are reporting it as “other” for some reason?

Or possibly it is a new leaf by the lenders and will be reported in the next servicer survey. This only covers up to Q1 2009.

[Effective Demand]

Maybe they are reporting it as “other” for some reason?

Or possibly it is a new leaf by the lenders and will be reported in the next servicer survey. This only covers up to Q1 2009.

[Effective Demand]

[quote=sdrealtor]Effective Demand if you are still around I have a question for you. While I am not seeing principal reductions per se I have seen a number of 2nds accept short pay settlements for pennies on the dollar. These are de facto principal reductions but probably not included in the prinicpal reduction statistics you posted. Where would these be shown in your statisitcs if at all? If they are, how big is that segment?[/quote]

Well if it was a short pay listing that sold then the 2nd went away (or could still be recourse, depends on the verbiage) and wasn’t modified. It would show up on the link above as the second graphic, green line.

[Effective Demand]

[quote=sdrealtor]Effective Demand if you are still around I have a question for you. While I am not seeing principal reductions per se I have seen a number of 2nds accept short pay settlements for pennies on the dollar. These are de facto principal reductions but probably not included in the prinicpal reduction statistics you posted. Where would these be shown in your statisitcs if at all? If they are, how big is that segment?[/quote]

Well if it was a short pay listing that sold then the 2nd went away (or could still be recourse, depends on the verbiage) and wasn’t modified. It would show up on the link above as the second graphic, green line.

[Effective Demand]

[quote=sdrealtor]Effective Demand if you are still around I have a question for you. While I am not seeing principal reductions per se I have seen a number of 2nds accept short pay settlements for pennies on the dollar. These are de facto principal reductions but probably not included in the prinicpal reduction statistics you posted. Where would these be shown in your statisitcs if at all? If they are, how big is that segment?[/quote]

Well if it was a short pay listing that sold then the 2nd went away (or could still be recourse, depends on the verbiage) and wasn’t modified. It would show up on the link above as the second graphic, green line.

[Effective Demand]

[quote=sdrealtor]Effective Demand if you are still around I have a question for you. While I am not seeing principal reductions per se I have seen a number of 2nds accept short pay settlements for pennies on the dollar. These are de facto principal reductions but probably not included in the prinicpal reduction statistics you posted. Where would these be shown in your statisitcs if at all? If they are, how big is that segment?[/quote]

Well if it was a short pay listing that sold then the 2nd went away (or could still be recourse, depends on the verbiage) and wasn’t modified. It would show up on the link above as the second graphic, green line.

[Effective Demand]

[quote=sdrealtor]Effective Demand if you are still around I have a question for you. While I am not seeing principal reductions per se I have seen a number of 2nds accept short pay settlements for pennies on the dollar. These are de facto principal reductions but probably not included in the prinicpal reduction statistics you posted. Where would these be shown in your statisitcs if at all? If they are, how big is that segment?[/quote]

Well if it was a short pay listing that sold then the 2nd went away (or could still be recourse, depends on the verbiage) and wasn’t modified. It would show up on the link above as the second graphic, green line.

[Effective Demand]

I recommend reading the MBS commentary blog over at Mortgage News Daily. It has a play by play of the daily rate movements.

http://www.mortgagenewsdaily.com/mortgage_rates/blog/

Personally I think we have one more multi-month sub-5% spurt in us and then things will come back to 5.5-5.75% then a couple years down the road we get in the 6’s. At these low levels quarter point movements is a large percentage and changes purchasing power significantly.

Any recovery in housing will be muted, both transactional and pricing. Right now the issue with the market is supply, demand isn’t that bad but they can’t really stretch and buy so they are stuck in a narrow range. Either people start making more money (wage inflation) or prices drop and transaction rise. Otherwise we will just stagnate for a long time.

[Effective Demand]

I recommend reading the MBS commentary blog over at Mortgage News Daily. It has a play by play of the daily rate movements.

http://www.mortgagenewsdaily.com/mortgage_rates/blog/

Personally I think we have one more multi-month sub-5% spurt in us and then things will come back to 5.5-5.75% then a couple years down the road we get in the 6’s. At these low levels quarter point movements is a large percentage and changes purchasing power significantly.

Any recovery in housing will be muted, both transactional and pricing. Right now the issue with the market is supply, demand isn’t that bad but they can’t really stretch and buy so they are stuck in a narrow range. Either people start making more money (wage inflation) or prices drop and transaction rise. Otherwise we will just stagnate for a long time.

[Effective Demand]

I recommend reading the MBS commentary blog over at Mortgage News Daily. It has a play by play of the daily rate movements.

http://www.mortgagenewsdaily.com/mortgage_rates/blog/

Personally I think we have one more multi-month sub-5% spurt in us and then things will come back to 5.5-5.75% then a couple years down the road we get in the 6’s. At these low levels quarter point movements is a large percentage and changes purchasing power significantly.

Any recovery in housing will be muted, both transactional and pricing. Right now the issue with the market is supply, demand isn’t that bad but they can’t really stretch and buy so they are stuck in a narrow range. Either people start making more money (wage inflation) or prices drop and transaction rise. Otherwise we will just stagnate for a long time.

[Effective Demand]

I recommend reading the MBS commentary blog over at Mortgage News Daily. It has a play by play of the daily rate movements.

http://www.mortgagenewsdaily.com/mortgage_rates/blog/

Personally I think we have one more multi-month sub-5% spurt in us and then things will come back to 5.5-5.75% then a couple years down the road we get in the 6’s. At these low levels quarter point movements is a large percentage and changes purchasing power significantly.

Any recovery in housing will be muted, both transactional and pricing. Right now the issue with the market is supply, demand isn’t that bad but they can’t really stretch and buy so they are stuck in a narrow range. Either people start making more money (wage inflation) or prices drop and transaction rise. Otherwise we will just stagnate for a long time.

[Effective Demand]

I recommend reading the MBS commentary blog over at Mortgage News Daily. It has a play by play of the daily rate movements.

http://www.mortgagenewsdaily.com/mortgage_rates/blog/

Personally I think we have one more multi-month sub-5% spurt in us and then things will come back to 5.5-5.75% then a couple years down the road we get in the 6’s. At these low levels quarter point movements is a large percentage and changes purchasing power significantly.

Any recovery in housing will be muted, both transactional and pricing. Right now the issue with the market is supply, demand isn’t that bad but they can’t really stretch and buy so they are stuck in a narrow range. Either people start making more money (wage inflation) or prices drop and transaction rise. Otherwise we will just stagnate for a long time.

[Author]

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