525 Piaget Ave 2nd Flr
Cliffton, NJ 07011
Direct: 973-583-3030
Office: 973-253-2800
Fax: 973-253-2852
gershon@gershgroup.com




Real Estate News
MBS RECAP: Battle of Fed Speakers Results in Firmer Rate Hike Hints
Fri, 28 Aug 2015 20:44:36 GMT

Posted To: MBS CommentaryI was writing reprice alerts and chatting with the MBS Live community during the time that I'd normally be writing the Mid-Day commentary. By the time I wrote it, everything interesting that was going to happen today had ..[read more]

Mortgage Rates Varied by Lender Thanks to Volatility
Fri, 28 Aug 2015 19:37:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Depending on the lender, effective rates were either slightly higher or lower vs yesterday, with the average lender being just microscopically lower in rate. Keep in mind that the i..[read more]

Realtor "Do's and Don'ts"
Fri, 28 Aug 2015 19:23:42 GMT

Posted To: Community CommentaryWe've previously explored the "Do's and Don'ts" for homebuyers, and uncovered some vital tips that can help or hinder the home buying process. In today's special edition, we examine hints for Realtors, whose actions dur..[read more]

MBA Forecasts Housing Demand Over Next 10 Years
Fri, 28 Aug 2015 19:21:10 GMT

Posted To: MND NewsWireWe have been reading for several years now about two trends that appear troubling for the housing industry - a declining rate of homeownership and a stalled out rate of household formation. The latter has recently begun to reve..[read more]

Renters Largely Satisfied to Remain that way
Fri, 28 Aug 2015 18:52:29 GMT

Posted To: MND NewsWireIt appears that people who are currently renting their homes are not necessarily merely homebuyers in waiting as conventional wisdom has held. Freddie Mac said its recent research shows that 55 percent of renters have no plans ..[read more]

More Relatively Big Changes in Most Recent Fannie Selling Guide
Fri, 28 Aug 2015 17:39:44 GMT

Posted To: MND NewsWireFannie Mae has published a set of changes to its Selling Guide . The changes affect verification of self-employed income , Home-Style Renovation loans, eligibility reviews for Planned Unit Developments (PUDs), use of new disclo..[read more]

Dodd-Frank - a Five Year Summary
Fri, 28 Aug 2015 17:37:33 GMT

Posted To: MND NewsWireThe debate over whether the Dodd-Frank Wall Street Reform and Consumer Protection Act was desperately needed or a pox upon the land survives even as its fifth birthday passed in late July and is likely to become more heated as ..[read more]

MBS MID-DAY: Volatile Morning Leaves Bonds Nearly Unchanged
Fri, 28 Aug 2015 17:15:47 GMT

Posted To: MBS CommentaryThe very short version of a very long story is that bond markets are leveling-off within a range. Using the 10yr yield as a benchmark, that range is something like 2.13-2.20% In terms of Fannie 3.5s, it's 103-20 to 104-00..[read more]

First American RESPA Case; Plenty of Changes in FHA, VA, & USDA
Fri, 28 Aug 2015 16:14:38 GMT

Posted To: Pipeline PressI, being a capital markets guy, was very interested in the MBA sending a comment letter to the Basel Committee on its proposal, " Interest Rate Risk in the Banking Book " (Consultative Document). As drafted, the Consultative ..[read more]

MBS Day Ahead: Bond Markets Attempt to Confirm End to Correction
Fri, 28 Aug 2015 12:21:14 GMT

Posted To: MBS CommentaryAfter rallying steadily for more than a month and after seeing that rally accelerate quickly into Monday afternoon, Treasuries and MBS underwent 2.5 days of correction, bringing them back in line with the previous trend, or p..[read more]

MBS RECAP: Bond Markets Mostly Put Their Foot Down
Thu, 27 Aug 2015 20:44:17 GMT

Posted To: MBS CommentaryAfter two days of relatively brutal selling, bond markets finally opted for much less brutal selling. In fact, 10yr yields were in positive territory as of the official 3pm ET closing time. They've since trickled back to ..[read more]

Mortgage Rate Losing Streak Loses Steam
Thu, 27 Aug 2015 20:44:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were just barely higher today, greatly decreasing the momentum in a now 3-day losing streak. The timing of these movements is important as it relates to Freddie Mac's widely disseminated mortgage rate repo..[read more]

MBS MID-DAY: Reasonably Resilient Despite Stock Market Gains
Thu, 27 Aug 2015 15:29:45 GMT

Posted To: MBS CommentaryMuch has been made recently of the surprising lack of response on the part of bond markets to the massive sell-off in stocks. That shoe is now on the other foot as bond markets remain little-changed despite the S&P being up 3..[read more]

Housing Data: Some Highs, Some Lows, All Good
Thu, 27 Aug 2015 14:35:39 GMT

Posted To: MND NewsWireRealtyTrac's July U.S. Home Sales report is a tale of extremes . July sales of properties in foreclosure and all-cash transactions both dipped to multi-year lows while home sales for the first six month of 2015 and July home pr..[read more]

Pending Sales Index Ekes out Marginal Gain
Thu, 27 Aug 2015 14:27:24 GMT

Posted To: MND NewsWireThe index measuring pending home sales held on to its winning streak in July, but its grip slipped a bit. The National Association of Realtors® (NAR) said today that its Pending Home Sales Index (PHSI) eked out a marginal 0..[read more]

Comp. Survey, Depository Bank Rankings; State-Level Lending Changes; Q2 Mortgage Profits
Thu, 27 Aug 2015 13:52:17 GMT

Posted To: Pipeline PressWhat's the difference between apathy and ignorance? I don't know and I don't care. The odds are pretty good that practically every residential lender knows and cares about whether or not they made money in the 2 nd quarter. (..[read more]

MBS Day Ahead: Conspiracy Theory? So What
Thu, 27 Aug 2015 11:32:13 GMT

Posted To: MBS CommentaryYou'll see more and more of this in the coming days/weeks--the various iterations of "China dumping US Treasuries at an insane pace!" Oh no! Wait... so what? Here's a more sober assessment from yesterday, but also hig..[read more]

MBS RECAP: Bond Correction Now at 2.5 Days; Mortgages Outperform
Wed, 26 Aug 2015 21:00:29 GMT

Posted To: MBS CommentaryLonger duration bonds got hit hard today. Case in point, 30yr bonds are up nearly 13bps while 5's are only up 6bps. The better performances in the belly of the curve (3-5yr) helped MBS outperform the 10yr benchmark notice..[read more]

Mortgage Rates Slightly Higher After Treasury Auction
Wed, 26 Aug 2015 20:25:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued slightly higher today , though they appeared to have second thoughts about that at first. In fact, several lenders made mid-day improvements to rate sheets as bond markets (which drive rates for ..[read more]

Agency Updates; Spate of Housing Economic News
Wed, 26 Aug 2015 19:03:39 GMT

Posted To: Pipeline PressWildfires in the west have already burned more than 7 million acres . (To put things in context, the entire state of California has about 101 million total acres.) Lenders and investors everywhere are attuned to the usual dis..[read more]

Housing Improving but Seemingly never Recovered
Wed, 26 Aug 2015 18:48:12 GMT

Posted To: MND NewsWireThe topline news while accurate is also growing monotonous : housing market continues to improve. Freddie Mac added another chapter to the seemingly endless tale today with its updated Multi-Indicator Market Index or MiMi. The ..[read more]

MBS MID-DAY: Bonds Continue Correction as Panic Remains at Bay
Wed, 26 Aug 2015 15:47:57 GMT

Posted To: MBS CommentaryBigger-picture trading themes are still driving the bond market movement this week. Namely, bonds had been eager to consolidate more than a month of improvements, but had held off until yesterday due to panicked selling in gl..[read more]

FHA/VA Boosts Otherwise Flat Mortgage Apps
Wed, 26 Aug 2015 13:01:13 GMT

Posted To: MND NewsWireThere was virtually no movement last week in the various indices measuring mortgage application volume. The Mortgage Bankers Association's (MBA's) Market Composite Index, a gauge of overall application activity, eked out a 0.2 ..[read more]

MBS Day Ahead: The Next Few Days Tell Us A Lot
Wed, 26 Aug 2015 11:33:51 GMT

Posted To: MBS CommentaryRecent volatility isn't just the product of illiquid summertime trading against the backdrop of surprising announcements from global central banks. Markets are definitely in the process of making big decisions. At issue i..[read more]

MBS RECAP: As Global Panic Pauses, Bond Markets Consolidate
Tue, 25 Aug 2015 21:55:54 GMT

Posted To: MBS CommentaryBond markets finally did what they've wanted to do for several sessions now: square up some of the trading positions from the recent rally. That rally began on July 14th, making it the longest positive trend of 2015 by la..[read more]

 © 2015 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design