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Real Estate News
MBS RECAP: Exactly What We Were Hoping NOT to See
Fri, 01 May 2015 20:35:59 GMT

Posted To: MBS CommentaryToday wasn't necessarily a worst-case-scenario for bond markets, but it was reading from the same script. It's the version of the story where the economic data is weaker than expected, but where bonds sold off anyway...[read more]

Mortgage Rates Quickly up to 6 Week Highs
Fri, 01 May 2015 19:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates are in the midst of a serious move higher . This requires some context though, because not all serious moves higher are the same. In the current case, the serious move takes the most prevalently-quoted con..[read more]

How the Mortgage Industry Already Protects Consumers
Fri, 01 May 2015 19:31:25 GMT

Posted To: Community CommentaryAs the Consumer Finance Protection Bureau enters its second year as the oversight regulator for the mortgage industry, the bulk of media focus is on how difficult it is to get a loan now, and on reporting enforcement ac..[read more]

MBS MID-DAY: A Real Mayday For Bond Markets?
Fri, 01 May 2015 16:16:33 GMT

Posted To: MBS CommentaryTreasuries and MBS are at the weakest levels in exactly a month and a half. The time frame preceding the March FOMC Announcement saw markedly weaker levels though the important support came in around 2.14--just a bit higher t..[read more]

Borrowers inching back into Cash-Out Refinancing
Fri, 01 May 2015 15:38:12 GMT

Posted To: MND NewsWireThe first quarter of 2015 was the third in a row that more than half of the refinances funded through Freddie Mac were cash out transactions. The company said that 27 percent of its refinancing loans were cash out compared to 2..[read more]

Construction Spending Softened in March
Fri, 01 May 2015 15:00:52 GMT

Posted To: MND NewsWireTotal construction spending fell in March from February levels and remained only slightly higher than one year earlier the Census Bureau said today. Overall spending was down 0.6 percent on a month-over-month basis to a seasona..[read more]

Rents Up, Vacancies Down - Music to Lender's Ears - How Much for a Place in San Francisco?
Fri, 01 May 2015 14:57:33 GMT

Posted To: Pipeline PressToday is Lei Day in Hawai'i. I guess Zillow doesn't consider Honolulu a "Metro Area". Recently Zillow Research analyzed property taxes in the "largest metro areas" across the U.S., not including places like Honolulu (populati..[read more]

MBS Day Ahead: First Day of the Rest of the Year
Fri, 01 May 2015 11:32:40 GMT

Posted To: MBS CommentaryYesterday's morning headline asked if the recent move was weak enough that we should expect a bounce or so weak that it suggested further selling. Interestingly enough, we saw both sides of that coin yesterday as bond mar..[read more]

Mortgage Rates Manage Small Victory After Yesterday's Huge Defeat
Thu, 30 Apr 2015 20:45:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held their ground today, and in some cases, managed to improve after yesterday's rout. This result was far from guaranteed during the morning hours though. Stronger economic data caused bond markets to wea..[read more]

MBS RECAP: Widespread Positive Reprices as Bonds Battle Back to Green
Thu, 30 Apr 2015 20:43:46 GMT

Posted To: MBS CommentaryAfter defying overnight pressure from European bond markets to open in stronger territory, domestic bond markets were soon facing their own pressure . Economic data came in stronger than expected. Of particular note was the E..[read more]

Severe Economic Downturn could Trigger GSE Bailout
Thu, 30 Apr 2015 18:32:11 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency reports that the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac might together require government assistance of as much as $157.3 billion in the event of an extremely s..[read more]

MERS, a Blast from the Past
Thu, 30 Apr 2015 18:11:23 GMT

Posted To: MND NewsWireRemember 2010-2011 and the daily revelations about robosigning ? Behind the shortcuts taken by servicers in processing foreclosure documents (sometimes even employing forgery) was their policy of recording mortgages and notes i..[read more]

MBS MID-DAY: Europe Still Pushing Bond Weakness, but Domestic Data Isn't Helping
Thu, 30 Apr 2015 16:37:13 GMT

Posted To: MBS CommentaryDuring yesterday's bond market rout, a lousy reading on domestic data (GDP) effectively did nothing to stem the tide of overnight weakness. Today, the opposite is mostly true . Although bond markets in Europe were weaker ..[read more]

CFPB, NY, and Maryland Target Title Companies - More Regulators on the Way?
Thu, 30 Apr 2015 14:43:02 GMT

Posted To: Pipeline PressI travel around a fair amount, spending time with lenders, Realtors, and TSA personnel. A major concern among the first two groups is whether or not real estate agents - especially those that only close a couple deals a year ..[read more]

MBS Day Ahead: Weak Enough to Bounce or Weak Enough to Suggest More Selling?
Thu, 30 Apr 2015 11:32:33 GMT

Posted To: MBS CommentaryThere are two ways to approach the weakness in bond markets over the past two days, and before we discuss them, I should warn you that I don't know which way is the right one. The first approach would be that we're in..[read more]

MBS RECAP: Role Reversal: GDP And Morning Trading Trump FOMC
Wed, 29 Apr 2015 21:07:45 GMT

Posted To: MBS CommentaryHeading into today, the afternoon's FOMC Announcement had the first right of refusal when it came to moving markets. As it happened, it was the morning hours that ended up setting the tone for the entire day, and by a wid..[read more]

Mortgage Rates at 6 Week Highs, But Why?
Wed, 29 Apr 2015 21:07:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved firmly up to the highest levels since March 17th. Incidentally, there was a Fed Announcement on March 18th and another Fed Announcement today. While rates generally moved lower with good momentum aft..[read more]

MBS MID-DAY: Bond Markets Fear The Nudge
Wed, 29 Apr 2015 17:13:42 GMT

Posted To: MBS CommentaryGDP was super weak (0.2 vs 1.0 forecast) and all of the important internal components were weaker as well. So naturally, bond markets rallied on the news. One major problem with that rally though: it occurred inside a much la..[read more]

Homeownership Stats; CFPB Penalties; Rant on Millennials, Why They Aren't Buying
Wed, 29 Apr 2015 14:39:44 GMT

Posted To: Pipeline PressFirst off, let me apologize for having the incorrect site in yesterday's commentary regarding the funny history of the term "escrow" - this is the site for the short clip . For many April will be on par with the great March n..[read more]

Pending Home Sales Highest Since June 2013
Wed, 29 Apr 2015 14:16:14 GMT

Posted To: MND NewsWireMomentum appears to be building toward a healthy spring market according to data released today on March pending home sales. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), reached 108...[read more]

Refinance Activity Falls, Purchase Apps Lackluster
Wed, 29 Apr 2015 12:28:58 GMT

Posted To: MND NewsWireA modest uptick in purchase mortgage applications during the week ended April 24 was insufficient to offset a sizable drop in refinancing. The Mortgage Bankers Association (MBA) said that its seasonally adjusted Market Composit..[read more]

MBS Day Ahead: GDP and FOMC Are Here; One or Both Will Set the Tone
Wed, 29 Apr 2015 11:34:22 GMT

Posted To: MBS CommentaryAtonal... without tone. That's what bond markets have been for nearly 6 weeks following the last FOMC Announcement. While today's is not the variety that includes the press conference with Yellen or the Fed's econ..[read more]

Homeownership Declines again, Rents Continue to Escalate
Tue, 28 Apr 2015 20:58:35 GMT

Posted To: MND NewsWireHomeownership rates continued to fall during the first quarter of 2015 while vacancy rates were stable in the short term. The Census Bureau said today that the homeownership rate was 63.7 percent during the quarter, 1.1 points ..[read more]

MBS RECAP: Mini-Meltdown Ahead of Fed
Tue, 28 Apr 2015 20:47:48 GMT

Posted To: MBS CommentaryIt was a fairly ugly day for bond markets. MBS are down nearly a half point. Most lenders repriced negatively at least once, and rate sheets are at their weakest levels in over a month. The underlying technical picture sugges..[read more]

Mortgage Rates Shoot to 1-Month Highs Ahead of Fed
Tue, 28 Apr 2015 20:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates made it right to the doorstep of tomorrow's big-ticket events with very little movement over the past 5-6 weeks. Once at the doorstep, however, they began losing their composure . This happens from time to..[read more]

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