tag:blogger.com,1999:blog-5504858712819625756.post4181850349958741456..comments2024-01-03T07:46:53.301-08:00Comments on Mortgage Industry Data and Statistics: Exagerating subprime using HMDA rate spreadsUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5504858712819625756.post-60853359581777276142012-06-24T22:00:04.342-07:002012-06-24T22:00:04.342-07:00Most of the news articles and web sites ignore all...Most of the news articles and web sites ignore all these attributes when reporting subprime mortgage volume from HMDA data.Tom Henryhttp://www.afdcenter.comnoreply@blogger.comtag:blogger.com,1999:blog-5504858712819625756.post-81548912619897704512010-05-20T06:10:19.490-07:002010-05-20T06:10:19.490-07:00When refinancing a home loan, you'll rapidly u...When refinancing a home loan, you'll rapidly understand that occasionally you will find all kinds of costs and markups which, in some instances, will wind up producing you spend as well a lot. Obtaining the very best house loan refinance feasible signifies avoiding as numerous unnecessary costs and expenses as feasible. Below are a few typical ideas which will let you turn out to be a lot more educated about home loan refinancing, and assist you to realize various costs and expenses.<br />Dealing with various various home loan banks and lenders can frequently lead to numerous various choices and options. Also, you will see various costs or expenses with every loan kind, which are various from loan company to loan company. Had been you conscious that whenever you speak with a loan company or bank that the quoted rate of interest you obtain consists of a commission for that individual who got the loan together? There's, and it is really typical. Nevertheless, you will find ways you can prevent paying that commission markup, and get a much better, "wholesale" rate of interest.<br /><a href="http://current-mortgageinterestrates.blogspot.com/2010/05/how-to-find-cheap-fixed-rate-mortgage.html" rel="nofollow"> find cheap fixed rate mortgage deals </a>Weight Loss Tipshttps://www.blogger.com/profile/07466491236441180526noreply@blogger.comtag:blogger.com,1999:blog-5504858712819625756.post-70084017801988168772009-02-24T11:38:00.000-08:002009-02-24T11:38:00.000-08:00Where can I find a quality description of how the ...Where can I find a quality description of how the reportable rate spread is calculated for ARM mortgage loans?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5504858712819625756.post-65113261050645572232008-10-22T13:33:00.000-07:002008-10-22T13:33:00.000-07:00I think that you have a point that HMDA data can o...I think that you have a point that HMDA data can overestimate subprime loans when in fact some percentage of these relatively "high cost" loans where ratespread is reported could in fact be prime loans. However, using HMDA ratespread data in such a way poses an even bigger risk to UNDERCOUNT subprime lending. The reason: ARMs! HMDA ratespead data only uses the initial interest rates -so an ARM whose rate will go through the roof in 2 years looks no different than a 30 fixed loan. As a result, there are many subprime ARMs (as well as ballon loans, pay options ARMs) that have no ratespread reported. One would be very mistaken to assume all these loans are prime. Bottom line: HMDA data cannot accurately identify prime vs. subprime loans. This is not an accident. But the result of the Banking industry and the Fed refusing more regulation and public reporting. We are now all paying the price of this inaction.Nick Bianchihttps://www.blogger.com/profile/14393948495834476436noreply@blogger.com