{"id":4039,"date":"2008-08-22T09:49:29","date_gmt":"2008-08-22T16:49:29","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=4039"},"modified":"2008-08-22T09:49:29","modified_gmt":"2008-08-22T16:49:29","slug":"mortgage-market-week-in-review-7","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4039\/mortgage-market-week-in-review-7\/","title":{"rendered":"Mortgage Market Week in Review"},"content":{"rendered":"
\n

Here we are on Friday again and it\u2019s time to take another look at what\u2019s going on in the mortgage markets. This week we\u2019re going to talk about two economic reports and two big question marks.
\n<\/strong>
\nFirst the economic reports from the week:
\n1. The Index of Leading Economic Indicators came out and it was down quite substantially<\/strong>. What is that index about? Basically it\u2019s the conference board\u2019s way of looking at what they think the economy is going to look like going forward. That\u2019s why it\u2019s called \u201cLeading\u201d rather than most reports that are essentially reporting what happened. This looks at what they think is going to happen based on trends and such. The fact that it\u2019s way down doesn\u2019t bode well for an economic recovery any time soon. It doesn\u2019t specifically mean that we\u2019ll have (or are in) a recession, but it does mean that things aren\u2019t pretty.
\n2. The National Association of Home Builders reported that builder confidence came in for August at a record low<\/strong>. Gee, for any of you who read this who are a builder, know a builder, or work with one, it\u2019s probably no surprise at all. We\u2019re going through a fundamental shift in the building capacity that is needed in this country and the weeding out that is going to (and is) happening is not a fun thing by any means. Whether is was building, lending, or real estate sales, the bubble allowed way more people to get into the businesses than what the overall health and growth levels could handle. That\u2019s an ongoing readjustment that needs to continue before we can hit bottom and go up from there.<\/p>\n

Now for the two question marks. Actually, it\u2019s one question about two companies. What\u2019s the real story behind Fannie Mae and Freddie Mac?<\/strong> I\u2019ll make a couple of points to tell you what my take on them is:
\n1. As \u201cquasi governmental\u201d institutions, Fannie and Freddie have been able to borrow money at rates that are better than what other companies can borrow money at<\/strong>. That\u2019s because of the implicit backing of the Read more<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Here we are on Friday again and it\u2019s time to take another look at what\u2019s going on in the mortgage markets. This week we\u2019re going to talk about two economic reports and two big question marks. First the economic reports from the week: 1. The Index of Leading Economic Indicators came out and it was […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,5],"tags":[],"class_list":{"0":"post-4039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7965,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7965\/mortgage-market-week-in-review-15\/","url_meta":{"origin":4039,"position":0},"title":"Mortgage Market Week in Review….","author":"Tom Vanderwell","date":"April 18, 2009","format":false,"excerpt":"Well it's hard to believe, but another week has flown by.\u00a0\u00a0 Rather than spending a Saturday working on mortgage stuff and writing about mortgage stuff, I spent the day taking my 8 year old to a birthday party, cleaning out the garage and getting the pool ready for the season.\u00a0\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3917,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3917\/mortgage-market-week-in-review-6\/","url_meta":{"origin":4039,"position":1},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"August 15, 2008","format":false,"excerpt":"Well, it\u2019s Friday again, and as one of the few remaining Fridays of the summer, I hope you can get out and enjoy the weekend (and hopefully the weather where you are will allow you to!) So what\u2019s been happening in the mortgage market this week? This week it\u2019s been\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8620,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8620\/what-happened-what-does-it-mean-and-where-do-we-go-from-here\/","url_meta":{"origin":4039,"position":2},"title":"What Happened, What Does it Mean, and Where Do We Go From Here?","author":"Tom Vanderwell","date":"May 27, 2009","format":false,"excerpt":"Wow!\u00a0 What a day in the mortgage and bond markets today.\u00a0\u00a0 I think it's a good thing to say that while a lot of us saw this coming, very few of us expected that it would happen today.\u00a0\u00a0\u00a0 Let's walk through what happened, what it means and where we go\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4219,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4219\/mortgage-market-week-in-review-jobs\/","url_meta":{"origin":4039,"position":3},"title":"Mortgage Market Week in Review – Jobs….","author":"Tom Vanderwell","date":"September 5, 2008","format":false,"excerpt":"Well, it\u2019s Friday again, everyone is back in school, my 18 year old is off to college (only 35 minutes away but still) and the mortgage world keeps moving on.\u00a0\u00a0 So what\u2019s this week look like?\u00a0\u00a0 Well, frankly there were a couple of other things going on, but the main\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3378,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3378\/mortgage-market-week-in-review-2\/","url_meta":{"origin":4039,"position":4},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"July 18, 2008","format":false,"excerpt":"Well, believe it or not, we've made it through another week.\u00a0\u00a0 And wow, what a week it's been.\u00a0\u00a0 I'm going to try a little bit of a different \"scenario\" for this week's Mortgage Market Week in Review.\u00a0\u00a0 Rather than trying to tell you everything that's been happening this week (it\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1784,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1784\/mortgage-meltdown-the-end-of-the-world-has-been-delayed-again\/","url_meta":{"origin":4039,"position":5},"title":"Mortgage meltdown? The end of the world has been delayed again","author":"Greg Swann","date":"August 10, 2007","format":false,"excerpt":"This is me from the Arizona Republic (permanent link): \u00a0Mortgage meltdown? The end of the world has been delayed again If you watch the TV news, you can't miss the video clips of financial pundits screeching about the imminent collapse of the mortgage industry. In fact, the world probably cannot\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=4039"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4039\/revisions"}],"predecessor-version":[{"id":4041,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4039\/revisions\/4041"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=4039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=4039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=4039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}