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Real Estate News
MBS Day Ahead: Month-End and Improving Technical Possibilities
Fri, 31 Oct 2014 11:32:11 GMT

Posted To: MBS CommentaryNo single method of market analysis is always better than another, which is why it's always better to consider as many as possible and look for agreements. In other words, if t echnical analysis and fundamentals are both ..[read more]

MBS RECAP: Super Flat Day... Not at all What You'd Expect
Thu, 30 Oct 2014 20:59:20 GMT

Posted To: MBS CommentaryIf the official end of QE is to be an inspirational moment for bond markets in the bigger picture, you wouldn't know it based on how trading has gone since then. A case is rapidly building for the news being fully priced ..[read more]

Mortgage Rates Recover Slightly; Holding Near 4 Percent
Thu, 30 Oct 2014 19:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates pulled back to hold near 4 percent after rising to the highest levels in 3 weeks. After yesterday's Fed announcement, the most common rate quotes were at risk of edging up to 4.125% for top tier borrowers...[read more]

Affordability Has Nothing to do with Home Prices or Rates -RealtyTrac
Thu, 30 Oct 2014 16:30:16 GMT

Posted To: MND NewsWire"A real estate market that should be flying high is instead a real estate market that is faltering ," according to Brian Mushaney, Executive Vice President, Data Solutions, for RealtyTrac. Writing in the current issue of Realty..[read more]

MBS MID-DAY: Slow, Steady Morning Sees Yesterday's Weakness Completely Undone
Thu, 30 Oct 2014 16:02:23 GMT

Posted To: MBS Commentary"Jobless Claims remained in the 280's and GDP came in at 3.5 vs a 3.0 forecast. So naturally, bond markets are adding to yesterday's weakness." That sentence would be seem logical and appropriate for most any time in ..[read more]

Rumors about Provident; e-Signature News; Lawsuit Update on PHH, Lawsky, Castle & Cooke, and S&P
Thu, 30 Oct 2014 15:19:25 GMT

Posted To: Pipeline PressAs mortgage bankers gear up to see what the Shipping Department dresses up as tomorrow, let's take a quick look at some demographics. There is now a larger cohort of unmarried young adults who are driving the overall homeowne..[read more]

MBS Day Ahead: Maybe GDP and Yellen can Move Markets
Thu, 30 Oct 2014 11:29:04 GMT

Posted To: MBS CommentaryGDP reports come in three flavors: advance, preliminary, and final. Today is the 'advance' reading for the 3rd quarter and hence the first look at Q3 GDP despite Q3 having been over for a full month. Because of its st..[read more]

MBS RECAP: Fed Reads From Known Script, but With Unexpected Gusto; Bonds Don't Care
Wed, 29 Oct 2014 21:03:43 GMT

Posted To: MBS CommentaryNine times out of ten, any conversation about trading volume in bond markets is pointless and dangerous when it comes to considering potential mortgage rate movement. Reason being: some people assume that low volume means a m..[read more]

Mortgage Rates at 3-Week Highs After Fed Ends QE
Wed, 29 Oct 2014 20:36:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose to the highest level in 3 weeks after today's Fed Announcement. The move was a two-part process with initial rate sheets being weaker in the morning and mid-day reprices (lenders raising rates) follow..[read more]

Foreclosures Ticked up in September, Downward Trend Holds
Wed, 29 Oct 2014 17:59:55 GMT

Posted To: MND NewsWireCompleted foreclosures rose slightly in September CoreLogic said today, but the long-term trend continues to be a relatively precipitous drop from the record high numbers of the last six years. The company's September National ..[read more]

MBS MID-DAY: Bond Markets on the Ropes Ahead of FOMC Announcement
Wed, 29 Oct 2014 16:11:56 GMT

Posted To: MBS CommentaryMBS and Treasuries are at their weakest levels in 3 weeks ahead of this afternoon's FOMC Announcement. That's really all there is to it. We haven't had any meaningful market movers, and in fact, the only motivatio..[read more]

LOS Survey; RESPA-TILA Toolkit; LO Comp Violations Still Out There
Wed, 29 Oct 2014 14:34:20 GMT

Posted To: Pipeline PressYou don't think things are changing? Apple announced it has signed up 500 more banks in addition to the 6 largest US banks it announced during the launch of its Apple Pay service, which is now available today. In the UK, Lloy..[read more]

Mortgage Apps: Still Much More Refi Demand Than 2 Weeks Ago
Wed, 29 Oct 2014 13:54:11 GMT

Posted To: MND NewsWireMortgage application numbers during the week ended October 24 backed off a bit from the numbers posted during the week ended October 17 but were still elevated compared to other recent weeks. The Mortgage Bankers Association's ..[read more]

MBS Day Ahead: FOMC Day: Could be a Market Mover
Wed, 29 Oct 2014 11:32:12 GMT

Posted To: MBS CommentaryI worked really hard just now on avoiding the use of the cliche headline opener "all eyes." You see that a lot (no pun intended) when it comes to things like FOMC and NFP. For instance: "All Eyes on FOMC." It's true thoug..[read more]

MBS RECAP: Bond Markets Nervous Ahead of Tomorrow's FOMC
Tue, 28 Oct 2014 21:43:37 GMT

Posted To: MBS CommentaryDespite one solid attempt to bounce back to unchanged levels this morning, bond markets spent the day in weaker territory. For most of the day this wasn't too offensive as the weakness was fairly well-contained. As the cl..[read more]

Mortgage Rates Stay Sideways Ahead of Important Fed Announcement
Tue, 28 Oct 2014 20:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were almost universally sideways today with very few lenders changing rate sheets noticeably from yesterday. As such, the most prevalent conforming 30yr fixed rate quote remains 4.0% for top tier borrowers..[read more]

MBS MID-DAY: Bond Markets Slightly Weaker; Still Lacking Inspiration Ahead of Fed
Tue, 28 Oct 2014 16:13:48 GMT

Posted To: MBS CommentaryTreasuries and MBS have seen modest volatility within a modest range this morning. The stage was set with overnight weakness resulting in weaker opening levels. At 8am, 10yr yields were up around 3bps and Fannie 3.5 MBS were ..[read more]

Home Price Gains Narrow across all Case-Shiller Indices
Tue, 28 Oct 2014 14:59:41 GMT

Posted To: MND NewsWireAugust data released this morning by S&P Dow Jones Indices reveals that, while home prices throughout the U.S. continue to increase, the rapid pace in those gains seen earlier continues to decelerate . The S&P/Case-Shiller Nati..[read more]

Trends in Housing and Rents; NAR Weighs in With Mini-Corr Update
Tue, 28 Oct 2014 14:53:16 GMT

Posted To: Pipeline PressThis is the season that CEOs are asking underlings for 2015 projections, and of course no one wants to tell the boss that volume is going to go down. The MBA is here to help! It is forecasting that mortgage volume will increa..[read more]

MBS Day Ahead: Economic Calendar Picks Up but Markets Mostly Waiting for Fed
Tue, 28 Oct 2014 11:35:06 GMT

Posted To: MBS CommentaryBeginning last Thursday, Treasuries and MBS have increasingly gone through the motions of consolidation ahead of tomorrow's FOMC Announcement. Interestingly enough, the same "gap" that we were focused on as an important a..[read more]

MBS RECAP: Uneventful Trading Day Leaves Bonds Slightly Stronger
Mon, 27 Oct 2014 20:34:36 GMT

Posted To: MBS CommentaryThe week got off to a woefully uneventful start. Like many Mondays in terms of trading activity, this one may as well not have happened. The only somewhat notable achievement is that Treasuries managed to battle back from sma..[read more]

Mortgage Rates Holding Near 4 Percent
Mon, 27 Oct 2014 19:47:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were almost perfectly unchanged over the weekend. Most lenders are still right in line with Friday's most prevalently-quoted conforming 30yr fixed rate of 4.0% for top tier borrowers. That said, most of th..[read more]

Home Price Increases Slow; Prices 11 percent below Peak
Mon, 27 Oct 2014 18:15:41 GMT

Posted To: MND NewsWireHome price increases wound down further in August. The Home Price Index released by Black Knight Financial Services today rose a negligibl e 0.1 percent from July to August and was 4.9 percent higher than a year earlier. In Aug..[read more]

MBS MID-DAY: European Weakness Helps US Bond Markets Hold Gains
Mon, 27 Oct 2014 16:15:21 GMT

Posted To: MBS CommentaryOn Friday, European considerations pulled bond markets into weaker territory after a draft of the bank stress test results showed numerous banks with capital shortfalls. That might sound like something that would be positive ..[read more]

Pending Home Sales Highest in 13 Months
Mon, 27 Oct 2014 14:40:32 GMT

Posted To: MND NewsWirePending home sales, while increasing only slightly in September, exceeded those of a year earlier, the first time in 11 months this has occurred. The National Association of Realtors® (NAR) also said that its Pending Home S..[read more]

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