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Real Estate News
MBS RECAP: Bonds Back to Best Levels With Help from Stocks
Mon, 29 Jun 2015 21:31:18 GMT

Posted To: MBS CommentaryNothing like some good, old-fashioned 'stock lever' to restore one's faith in classic market paradigms. That's the one where traders " sell stocks, buy bonds ," or vice versa. There was certainly plenty of sto..[read more]

Mortgage Rates Erase One Day of Losses. More Volatility Ahead
Mon, 29 Jun 2015 21:31:00 GMT

Posted To: Mortgage Rate WatchMortgage rates spiked to the highest levels of the year on Friday after hovering close to them for several days. But news out of Europe over the weekend caused major movement in financial markets at the start of the day...[read more]

MBS MID-DAY: Bond Gains Accelerate into Afternoon
Mon, 29 Jun 2015 18:20:35 GMT

Posted To: MBS CommentaryThe early morning hours for US bond markets were somewhat disheartening as gains steadily evaporated into the 10am hour. Up until that point, it looked as if markets priced in the worst case scenario and gradually calmed down..[read more]

Pending Home Sales Hit 9-Year Highs
Mon, 29 Jun 2015 17:37:20 GMT

Posted To: MND NewsWirePending home sales hit their highest level in over nine years in May, indicating that the strong existing and new home sales announced last week are likely to be repeated again for June and maybe even July activity. The Nationa..[read more]

FHLB & Warehouse Lines; U.S. Rates Drop; CFPB to Audit Executive Pay
Mon, 29 Jun 2015 15:19:53 GMT

Posted To: Pipeline PressI doubt the average U.S. household is sitting around worrying about interest rates. It's probably more like earthquake preparedness than anything; California residents have been told the "big one" is coming for dozens of year..[read more]

MBS Week Ahead: Potentially Volatile Week Wastes No Time Living up to Potential
Mon, 29 Jun 2015 05:51:09 GMT

Posted To: MBS CommentaryAfter falling abruptly from June highs near 1.14 at the start of last week, the Euro currency finished Friday under 1.12. Visually and actually, the move from 1.14 to 1.12 in the Euro is big, but not gigantic. Sometimes it ta..[read more]

Mortgage Rates Hit New 2015 Highs
Fri, 26 Jun 2015 21:22:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were already hovering near 2015 highs as of yesterday. Today's spike sent them easily above the previous annual high , set on June 10th. Normally, day to day market movement isn't big enough to cause a cha..[read more]

MBS RECAP: Bond Markets Brace for Impact; US Worse Than Europe
Fri, 26 Jun 2015 21:13:50 GMT

Posted To: MBS CommentaryParadoxically, US bond markets sold off (read: rates went higher) much more sharply than European bond markets today. That will certainly make no sense to everyone who is blaming every move on Greece-related headlines. If it ..[read more]

National Banks Report Improving Loan Performance
Fri, 26 Jun 2015 20:43:28 GMT

Posted To: MND NewsWireAnother measure of returning normalcy came on Thursday with a report from the Office of Comptroller of the Currency (OCC) on mortgage loan performance. The regulator said that 94.2 percent of the first mortgages serviced by eig..[read more]

Jumbo & State news; Disparate Impact Ruling Clears Things Up, Kind of; New UDAAP?
Fri, 26 Jun 2015 15:21:54 GMT

Posted To: Pipeline PressYesterday the Supreme Court weighed in on disparate impact in what was viewed as a win for housing advocates & the CFPB and a setback for the banking industry. The Court upheld the use of "disparate impact" in a Texas case al..[read more]

MBS MID-DAY: Bonds Defending Against Weekend Headline Potential (by selling off...)
Fri, 26 Jun 2015 15:14:27 GMT

Posted To: MBS CommentaryThe trend continues to be unfriendly this morning. Markets are defending against the possibility that the weekend brings a Greek debt deal. Headlines have generally been feeding that speculation. This is indeed a day where Gr..[read more]

MBS Day Ahead: Volatility Risks Increase as Shortened, Busy Week Looms
Fri, 26 Jun 2015 11:33:40 GMT

Posted To: MBS CommentaryWith bond markets unable to break back into May's trading range last week and now unable to break into last week's range this week, things aren't looking too bright. Although they COULD certainly look much worse, ..[read more]

Rates Continue Hovering Near 2015 Highs
Thu, 25 Jun 2015 21:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates remained near recent highs for a 2nd straight day after rising quickly on the first two days of the week. With the exception of only one other day, the past 3 days have been worst of 2015. Lenders continue..[read more]

MBS RECAP: Not The Worst Day of the Year, but Close!
Thu, 25 Jun 2015 21:45:55 GMT

Posted To: MBS CommentaryBond markets moved back toward the higher end of their recent yield range today--and indeed, the highest pivot point in 2015. 10yr yields have only been higher at 5pm on 2 other days this year. All this without any amazing br..[read more]

Increasing Mortgage Debt will need a Home
Thu, 25 Jun 2015 19:48:59 GMT

Posted To: MND NewsWireEven as homeownership rates remain at historic lows the mortgage debt on single family homes is increasing, ending seven years of decline. Freddie Mac's Office of Chief Economist, in its June U.S. Economic and Housing Market Ou..[read more]

Results Trump Intentions in Supreme Court's Fair Housing Ruling
Thu, 25 Jun 2015 19:18:39 GMT

Posted To: MND NewsWireIt was buried by the release of the Supreme Court's decision upholding a portion of the Affordable Health Care Act, but the Court today also upheld an important feature of the Fair Housing Act (FHA). The Court, in its usual fiv..[read more]

MBS MID-DAY: Bond Markets Weaker Because... Just Because
Thu, 25 Jun 2015 16:26:49 GMT

Posted To: MBS CommentaryAt present, we mustn't try to force rate movement into historically reliable cause-and-effect equations. All we know is the answer and several of the variables. We don't know how the variables are arranged or how many..[read more]

MSA Training Call; Bank M&A - How Many Branches is Fifth Third Closing?
Thu, 25 Jun 2015 14:30:08 GMT

Posted To: Pipeline PressAside from a few memorable blips, rates have basically trended down in the United States since 1982 until a year or two ago. What else has been happening since 1982? How about this poor tortoise that was missing since then bu..[read more]

MBS Day Ahead: Greek Distractions vs Super Long Term Considerations
Thu, 25 Jun 2015 11:33:50 GMT

Posted To: MBS CommentaryI realize that by including Greece in a headline that I'm not really helping the issue that I'm about to complain about (again), but perhaps the headline is informative enough to serve the purpose of 'pushing back..[read more]

MBS RECAP: Rangebound Improvements
Wed, 24 Jun 2015 21:54:15 GMT

Posted To: MBS CommentaryIt was a fairly boring day for bond markets both at home and abroad. This, despite headlines surrounding the Greek debt situation that seemingly suggest otherwise. Part of the reason could be the the general level of resignat..[read more]

Mortgage Rates Sideways Despite Market Improvements
Wed, 24 Jun 2015 21:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged in most cases today. Some lenders were just slightly better. Others were worse. The average rate quote is unchanged vs yesterday with most lenders still offering conventional 30yr fixed rates..[read more]

Millennials - Rent, Jobs, & Diversity; Yes, Free DU, But There Are Compliance Tangles
Wed, 24 Jun 2015 19:42:48 GMT

Posted To: Pipeline PressFree DU? You bet - Fannie couldn't let Freddie offer LP at no charge and not respond. "Beginning June 1, Fannie Mae will align DU and Desktop Originator (DO) to the no-fee approach allowing more lenders and loan originators t..[read more]

Delinquencies, Foreclosures Rose in May
Wed, 24 Jun 2015 17:38:22 GMT

Posted To: MND NewsWireThere was a general increase in foreclosure activity in May according to Black Knight Financial Services. Its "First Look" at data that will be further explored when it publishes its Mortgage Monitor shows increases in all earl..[read more]

More States Achieving Stable Status on Freddie's Housing Indicator
Wed, 24 Jun 2015 17:37:39 GMT

Posted To: MND NewsWireFreddie Mac said on Wednesday that it Multi-Indicator Market Index (MiMi) shows that the U.S. housing market is continuing to stabilize and those markets which have improved to the greatest degree are also realizing the greates..[read more]

MBS MID-DAY: Bond Markets Indecisively Holding a Narrow Range
Wed, 24 Jun 2015 16:55:12 GMT

Posted To: MBS CommentaryFor all intents and purposes, only 2 things have happened for bond markets this week. Yields rose quickly on Monday and have moved sideways since then. From there, we can add details surrounding Greek debt drama if we like, b..[read more]

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