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Real Estate News
MBS MID-DAY: Bonds Battle Back After Getting Hit by Greece Headlines
Wed, 27 May 2015 16:05:31 GMT

Posted To: MBS CommentaryOn an otherwise quiet morning, bond markets had been holding in reasonably strong territory. MBS and Treasuries began the domestic session at slightly weaker levels, but found support with most of yesterday's gains intact..[read more]

Ebbing Refinance Demand Weighs on Mortgage Applications
Wed, 27 May 2015 14:23:50 GMT

Posted To: MND NewsWireMortgage applications declined overall for the fifth straight week even though there was a slight uptick in applications for purchase mortgages. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a mea..[read more]

MBS Day Ahead: Bonds Run Out of Data and Events Just When Things are Getting Good
Wed, 27 May 2015 11:34:04 GMT

Posted To: MBS CommentaryWhile yesterday didn't mark any ground-breaking foray back into the stronger trading levels seen in mid-April, it did end up being the first time since then that we've seen 3 out of any 4 days end green. In other word..[read more]

MBS RECAP: Confluence of Positive Events Keep Bonds Happy All Day
Tue, 26 May 2015 22:22:35 GMT

Posted To: MBS CommentaryUS rates markets began the global trading session fairly timidly, but moving slightly lower in yield. European hours brought bigger moves as stocks tanked and German Bund yields rallied quickly at the open. Europe's big "..[read more]

Mortgage Rates Slightly Lower
Tue, 26 May 2015 21:20:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were just slightly lower in most cases today. Last Friday, rates did a bit better than the underlying market weakness would have suggested, and now today, they've done a bit worse than the underlying stren..[read more]

MBS MID-DAY: Bonds Benefiting on Multiple Fronts
Tue, 26 May 2015 17:25:04 GMT

Posted To: MBS CommentaryHalfway through the day and domestic bond markets are very close to levels not seen since May 8th. 10yr yields are challenging the important 2.14 inflection point and are already stretching the boundaries of the consolidation..[read more]

FHFA Notes Less Aggressive Home Price Gains
Tue, 26 May 2015 16:28:38 GMT

Posted To: MND NewsWireThe numbers on home price trends for March from the Federal Housing Finance Agency (FHFA) were somewhat less aggressive that those also released on Tuesday from S&P Dow-Jones Case-Shiller indices. While it is like comparing app..[read more]

New Homes Sales Recover Some of March Losses
Tue, 26 May 2015 15:00:49 GMT

Posted To: MND NewsWireNew home sales beat most analyst expectations in April, rising 6.8 percent to a seasonally adjusted annual rate of 517,000 units and posting a 26.1 percent gain over the annual pace of 410,000 units in March 2014. Despite the i..[read more]

TRID News; eClosing Update; First Time Home Buyer Numbers
Tue, 26 May 2015 14:43:13 GMT

Posted To: Pipeline PressPew Research finds Millennials (18 to 34 years old) have now surpassed Gen X as the largest generation in the workforce. Millennials reached 53.5mm vs. 52.7mm Gen X and 44.6mm Baby Boomers (gradually retiring). Carmen Bell, a..[read more]

35 Consecutive Months of Higher Home Prices, but No Bubble Fears
Tue, 26 May 2015 14:28:51 GMT

Posted To: MND NewsWireThe pace of price increases continued virtually unchanged in March with greater year-over-year appreciation in ten of the 20 cities tracked by S&P Dow Jones Indices than in February. The National Home Price Index which covers a..[read more]

MBS Week Ahead: Fewer Days, but Potentially Greater Significance
Tue, 26 May 2015 11:34:23 GMT

Posted To: MBS CommentaryIn several ways, last week was a bit of a let-down in terms of answering the big questions. Treasuries and MBS had generally been holding sideways after suffering significant losses. The worst was over in the wee hours of May..[read more]

Mortgage Rates Unchanged Despite Market Weakness
Fri, 22 May 2015 19:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged on average today, though some lenders were slightly higher or lower than yesterday's latest rate sheets. This is a small victory considering that underlying markets suggested rates should mo..[read more]

MBS RECAP: Bonds Escape With Minimal Damage after Volatile Morning
Fri, 22 May 2015 19:19:54 GMT

Posted To: MBS CommentarySurprisingly, the story of the day turned out to be Core CPI coming in at +0.2558 vs a forecast of +0.2. This was apparently enough to send bond markets reeling (relatively). The fact that the shorter maturities got hit the h..[read more]

Fannie Mae: Housing Faring Better than Economy
Fri, 22 May 2015 17:42:36 GMT

Posted To: MND NewsWireFannie Mae's economists used their May economic and strategic summary to downgrade expectations for 2015 growth but at the same time painted a slightly brighter picture for housing. Based on the poor growth of GDP in the first ..[read more]

50 Ways to Derail Real Estate Industry
Fri, 22 May 2015 17:27:23 GMT

Posted To: MND NewsWireThe National Association of Realtors® is distributing a study it commissioned from the Swanepoel T3 Group which we expect will generate a lot of discussion among its members. Despite its rather hokey name, Definitive Analys..[read more]

MBS MID-DAY: Strong Start Reverses after CPI; Yellen up Next
Fri, 22 May 2015 16:03:44 GMT

Posted To: MBS CommentaryTrading has been surprisingly reactive to data this morning with stronger CPI resulting in an obvious selling spree. Up until that point, bond markets were stone silent right through the overnight session. That was especially..[read more]

Lawsky Bails and Sails; New Lehman/GreenPoint Suit; Home/Land Price Trends
Fri, 22 May 2015 15:22:58 GMT

Posted To: Pipeline PressYes, I know it is the Friday before a 3-day weekend, after which it is okay to wear white shoes to formal events. (And yes, there will be a commentary tomorrow with some pretty informative letters.) But there is little time t..[read more]

MBS Day Ahead: Could be Interesting, or a Total Dud
Fri, 22 May 2015 11:34:36 GMT

Posted To: MBS CommentaryOn the surface , today has a lot of things going for it. The only economic data is CPI, and it would be hard-pressed to convince anyone that inflation suddenly exists. At the very least, it would have to be a big beat in orde..[read more]

Purchase Loans Now Outpacing Refis
Thu, 21 May 2015 21:02:42 GMT

Posted To: MND NewsWirePurchase loans continued to increase as a percentage of loan originations in April. Ellie Mae's Origination Insight Report for the month put the purchase share of all closed loans at 52 percent , a 6 percentage point jump from ..[read more]

MBS RECAP: Moderately Stronger for Surprisingly Logical Reasons
Thu, 21 May 2015 21:00:15 GMT

Posted To: MBS CommentaryMuch of the volatility in late April and early May has been frustratingly opaque in terms of traditional cause and effect relationships. We were forced to resort to discussing things like tradeflow momentum and corporate issu..[read more]

Mortgage Rates Inch Lower Ahead of Holiday Weekend
Thu, 21 May 2015 19:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved tentatively lower today. The pace was only slightly better than yesterday when it was all but undetectable. To those expecting more improvement based on trading levels in the bond markets that drive ..[read more]

MBS MID-DAY: New Definition for ATR: Another Thursday Rally
Thu, 21 May 2015 16:30:28 GMT

Posted To: MBS CommentaryApril 9th. That's the last time bond markets haven't rallied on a Thursday. While some of the older examples in this trend are close calls, the last three Thursdays have been unequivocally positive, and today is no ex..[read more]

Existing Home Sales Fall Short of Expectations
Thu, 21 May 2015 15:01:04 GMT

Posted To: MND NewsWireExisting home sales in April failed both to match their corresponding numbers in March and to live up to the consensus of analysts in advance of this morning's National Association of Realtors® (NAR) report. Sales of existi..[read more]

Fiserv to Give CFPB Data; Warning on Suspect Warehouse Lender
Thu, 21 May 2015 14:41:15 GMT

Posted To: Pipeline PressHundreds of capital markets folks have returned, bleary-eyed, to their roosts around the country. Unfortunately, as Cantor Fitzgerald's Dave Gottfried aptly phrased it, New York is a "world class city with developing country ..[read more]

MBS Day Ahead: It's Time to Play "Find That Market Mover!"
Thu, 21 May 2015 11:34:25 GMT

Posted To: MBS CommentaryHi, Welcome to the show. Are you ready to play Find That Market Mover? It's America's favorite game (or at least it's my favorite idea for a topic at the moment, but I'm going somewhere with this, I promise). ..[read more]

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