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Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The Federal Housing Finance Agency (FHFA) has updated Loan Level Price Adjustments (LLPAs), which are risk assessment fees implemented in the underwriting process before loans are packaged and delivered to Fannie Mae and Freddie Mac. These government Enterprises guarantee most mortgages in the United States, and the changes (announced in January) went into effect May
READ MOREFed goes on rate hikes for the tenth time. What you must do about it to get out of debt and create massive wealth? Michel Harries talks about economic and market headlines you must keep an eye on to maintain a financially secure life. He also underlines the importance of simple interest, the power
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -9 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: It’s Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: April Non Farm Payrolls (NFP) were 253K vs. est. of
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -14 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April Challenger Job Cuts showed 66,995 corporate announced cuts vs. March’s pace of 89,703. Initial Weekly Jobless Claims were inline with estimates, 242K vs. 240K. The more closely watched
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +20 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April ADP Employment Change was much better than expected showing 296K job additions vs. est. of only 148K Taking it to the House: Weekly Mortgage Applications edged lower by
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +40 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: March Job Openings and Labor Turnover Survey (JOLTS) showed 9.590M unfilled jobs which was lower than expectations of 9.775M. The Quits rate was 2.5%. Overall, a solid report but lower
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -28 BPS with 60 minutes left to trade. Rosie the Riveter: The April ISM Manufacturing PMI continues to show manufacturing contraction with readings below 50, this time 47.1 but that a lil better than expectations of 45.5. Prices Paid jumped up
READ MOREFinancial empowerment isn’t just about loans; it’s understanding the game, playing it right, and hitting that bullseye of financial stability. In this episode, we will discuss managing your finances, giving you important information to make smart decisions and secure your financial future. Our host, Michael Harris, the President and CEO of United Mortgage Corporation
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +24 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The quarterly release of the Employment Cost Index for the 1st QTR showed a solid gain of 1.2% vs. est. of 1.1%. Inflation Nation: March headline PCE showed a MOM
READ MOREFederal Reserve expected to raise rates another 25 basis points next week The U.S. economy rose 1.1% in the first quarter, falling short of estimates, in a sign that a slowdown is underway. It is also a big pullback from the fourth quarter’s 2.6% rise and the third quarter’s 3.2% increase, according to the final estimate
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