March 31, 2010 is the scheduled end to the Fed’s multi-trillion $$ purchase of Mortgage Backed Securities!!  While the exact impact is uncertain, most economists expect rates to increase, at least on a temporary basis.  There’s a nice explanation in the Think Big Work Small video below…

TBWS Daily Monday March 15, 2010

I’m closing a loan tomorrow, that Chase said “you don’t qualify” to and saving the borrower $280 per month in their cash flow, by paying off the existing Chase loan and a Chase credit card. Another loan officer who just gave up!!  Chase’s loss!

How can I help you??

Having worked for B of A for 13 years, while I find this segment funny, I also find it quite disturbing!

A valuable mortgage tool to help troubled homeowners has been extended!  See video below…

According to statistics from Fannie Mae, “more than 329,000 loans have been delivered to Fannie Mae through the Refi Plus flexibilities.  Of those loans, more than 100,000 were refinanced under the HARP with loan-to-value ratios between 80% and 125%!!

My question is:  How many of those loans had LTV’s between 100% and 125%?  They must have all been done by the existing servicer of the loan, since I have yet to find a lender who will go above 100% LTV on a loan coming in from another lender.

Regardless… this is welcome news to existing mortgage holders and mortgage originators!