Jeff Glick's (jglick) Blog

The fundamentals of the housing market - Mmm;I am always interested in the fundamentals. I may have woke up on the wrong side of the bed today, but what fundamentals?  It has been written and discussed many times on AR that the housing market is a local phenomena, I believe this to an extent; how...

people are excited this morning about the news that home prices have improved.  I don't want to be pessimistic on good news, but........... as a lender I can tell you this, I have been doing a lot of work on short sales and bank owned properties.  I have run into issues hitting value because of t...

"the economy is being reset by technology and a transformation of the market. The trap that many businesses - and investors - will fall into is thinking about things the way they used to be instead of the way they are, or soon will be. To succeed, you have to liberate yourself from the way things...

I am in the middle of a Loop to Loop.  Not too long ago Fannie Mae found a loop hole in their automated underwriting system that unscrupulous loan officers were using to get clients qualified.  In an effort to close the loop hole Fannie Mae now requires any account that appears on a clients credi...

This is probably more information than many want or need, but here is what I believe is a comprehensive review of the new RegZ changes.  My company has had a number of training sessions and we're taking a conservative approach to keep our realtor partners and clients out of trouble.   Early Discl...

Here are the economic events to look for this week.  I send them, but also wonder how or if they will effect the financial markets.  It seems as though the BIG BAILOUT is center stage.  I have listened to a lot of talk regarding the bailout and have come to the conclusion that something is defini...

Here is next weeks list of economic events  Economic Events Date    Release Actual Consensus Prior Wed 09-2410:00AM   Existing Home Sales   4.95M 5.00M Thu 09-258:30AM...

I'm not telling you anything you do not already know, the financial markets are in disarray.  You know, it used to be we'd just worry about mortgage backed securities and if interest rates would go up or down and hopefully guide our clients towards the best possible rate lock. Now, WOW.......... ...

This morning I have read in several different places that the FED may have gotten it wrong in their August meeting stating their next move on interest rates would be an increase "Federal Reserve Chairman Ben S. Bernanke and his fellow policy makers agreed at their August meeting that their next m...

talk about volatility Market:         + 23Fannies:       + 6 MBS prices are up +6/32 (FNMA 30yr 5.5 at 101.11), above the 9:45 et pricing level of +1/32. It was an extremely volatile session, as investors continued to examine the impact of the takeover of Fannie and Freddie. MBS markets began the...