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Real Estate News
Mortgage Rates at 1.5 Month Highs After Fed
Wed, 17 Sep 2014 21:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher at a moderate pace today after the Fed reiterated their intentions regarding the gradual tightening of monetary policy. That policy has been one of the key factors in historically low mortgage..[read more]

MBS RECAP: Stronger Start Followed by FOMC Sell-Off Leaves MBS Only Slightly Weaker
Wed, 17 Sep 2014 21:19:37 GMT

Posted To: MBS CommentaryAs far as Fed days go, this one was pretty tame. That's especially true if we consider the amount of hype and anxiety associated with this particular Fed day. The total gap between highs and lows in Fannie 3.5 MBS was jus..[read more]

Differences Between Past and Current FOMC Statements
Wed, 17 Sep 2014 18:03:00 GMT

Posted To: MBS CommentaryUnderline indicates additional text that is new, strikethru indicates deleted text that was no longer present. Release Date: July 30, September 17, 2014 For immediate release Information received since the Federal Open Market..[read more]

MBS MID-DAY: Bond Markets Play it Safe Ahead of FOMC Events
Wed, 17 Sep 2014 16:35:46 GMT

Posted To: MBS CommentaryBond markets were slightly stronger again overnight but in the context of the past few weeks, we're essentially flat for the past 3 days. This consolidative 'leveling-off' was reinforced mid-morning as bond market..[read more]

Builder Confidence at near Nine Year High
Wed, 17 Sep 2014 15:33:41 GMT

Posted To: MND NewsWireA four point jump in September has taken the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) to its highest reading since November of 2005. The increase, the fourth in as many months, elevate..[read more]

Eminent Domain Update; GMFS/ZAIS/HF2 Combination; Virginia Lawsuit; New Penn's Non-QM Fact Sheet
Wed, 17 Sep 2014 15:00:47 GMT

Posted To: Pipeline PressWant some numbers that none of us will remember, but that are indicative of demographic trends that won't help lending? In 2010, households headed by those under age 35, the Millennials, had median income of $37,600, now it's..[read more]

Mortgage Applications Rebound, Offsets Labor Day Losses
Wed, 17 Sep 2014 13:17:42 GMT

Posted To: MND NewsWireThe week ended September 12 saw the losses in application volume which occurred during the previous week which was shortened by the Labor Day holiday mostly reversed. Mortgage application volume increased in most categories by ..[read more]

MBS Day Ahead: Good Chance That Today is Crazy no Matter What the Fed Does
Wed, 17 Sep 2014 11:24:03 GMT

Posted To: MBS CommentaryToday brings the biggest set of events in weeks, perhaps months. Starting at 2pm, the FOMC (aka "the Fed") releases it's official policy statement and economic projections. Then at 2:30pm, Fed Chair Yellen conducts one of..[read more]

MBS RECAP: Strong Start, Weaker Finish, Still Waiting for FOMC
Tue, 16 Sep 2014 20:30:06 GMT

Posted To: MBS CommentaryBond markets had their ups and downs today, but ultimately, none of it really matters in the bigger picture. Whether we look at where trading levels have been over the past two weeks or where they could go after tomorrow'..[read more]

Housing Market Implications of Millennials Moving Out
Tue, 16 Sep 2014 20:08:32 GMT

Posted To: MND NewsWireAs the U.S. economy improves and adds jobs, younger Americans-millennials-are slowly starting to move out from their parents' basements , where a record number of them have been living for the past few years. They're not buying..[read more]

Mortgage Rates Improve Modestly Before Important Fed Announcement
Tue, 16 Sep 2014 19:12:00 GMT

Posted To: Mortgage Rate WatchMortgage rates experienced their first genuine improvement of the month today. The gains were nothing if not very small, but they ended an uncommonly long 11 business day streak of sideways to higher rates. 4.25% remains..[read more]

MBS MID-DAY: Tentatively Holding Gains After Morning Weakness
Tue, 16 Sep 2014 16:18:44 GMT

Posted To: MBS CommentaryIt's generally been another uneventful day in the shadow of tomorrow's FOMC events. There just hasn't been anything on the calendar or any unscheduled market event that can compete with the big impact expected fro..[read more]

SEC Probe of Bankrate; AmeriSave & CertusBank; Impac, Macquarie, and Non-QM
Tue, 16 Sep 2014 14:43:15 GMT

Posted To: Pipeline PressHow can we move forward as an industry when we can't even agree on how to pronounce the acronym for Truth-in-Lending? I have heard "TILA" pronounced "tee-luh" and also pronounced "till-uh." Not only that, but I have seen "RES..[read more]

MBS Day Ahead: Today Suffers From One Major Issue: It's Not Tomorrow
Tue, 16 Sep 2014 11:33:22 GMT

Posted To: MBS CommentaryWhat are we even supposed to do with today? Whether from the standpoint of market participant or market watcher, there's precious little to care about today when we all know it's tomorrow that determines the next big ..[read more]

MBS RECAP: Technically Positive, but Might as well have been a Holiday
Mon, 15 Sep 2014 20:49:59 GMT

Posted To: MBS CommentaryJapan was out for a holiday today and US markets might as well have been. Apart from the first few minutes of the domestic session, today was one of the calmest days in terms of volatility in recent memory. From 8:30am on, Fa..[read more]

Mortgage Rates Hold Steady; Volatility Ahead
Mon, 15 Sep 2014 20:22:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold steady today, which matches the very best performance of any other day in September. In other words, rates have either been flat or higher every day for the past 11 days. As we discussed la..[read more]

Homeownership Slump Drives Rental Construction to 25 Year High
Mon, 15 Sep 2014 18:19:13 GMT

Posted To: MND NewsWireMuch has been made lately over the propensity of so-called millennials, the demographic cohort which is now between 18 and 34 years of age, to forgo homeownership. In its September Public Outlook Freddie Mac points out that thi..[read more]

Potential Home Buyers Sidelined by Misconceptions
Mon, 15 Sep 2014 16:15:00 GMT

Posted To: MND NewsWireLack of knowledge and misinformation may be discouraging Americans from buying a home according to a recent survey sponsored by Wells Fargo &Company. The survey, conducted in June by Ipsos Public Affairs, found that many prospe..[read more]

MBS MID-DAY: Holding Ground After Modest Gains
Mon, 15 Sep 2014 16:13:58 GMT

Posted To: MBS CommentaryTreasuries began the overnight session moving to even higher yields than those seen on Friday afternoon. Just after 4:30am, German Bunds put in a strong bounce on their high yield ceiling from Friday and Treasuries reluctantl..[read more]

Lead Generator Bank Settle Suits; Agency Updates; Fed Week
Mon, 15 Sep 2014 13:51:46 GMT

Posted To: Pipeline PressLead generator Intermundo Media, LLC has agreed to pay $500,000 to settle charges by the Federal Trade Commission (FTC) that it falsely advertised free mortgage refinancing services online. Intermundo Media used the name "Del..[read more]

MBS Day Ahead: Bonds at Risk of Confirming Death of Positive 2014 Trend
Mon, 15 Sep 2014 11:27:00 GMT

Posted To: MBS CommentaryAs Treasury yields and mortgage rates spiraled rapidly higher over the past two weeks, 2014's steady trend toward lower rates quickly strayed into vulnerable territory. Specifically, 10yr yields lost more ground, more quickly..[read more]

MBS RECAP: Ugly Day to End Ugly Week For Bond Markets
Fri, 12 Sep 2014 20:35:53 GMT

Posted To: MBS CommentaryActually, the last 2 weeks have been ugly for bond markets. It's almost as if a switch was flipped as soon as September began. Just when yesterday looked like it might offer the first significant reprieve, boom... more se..[read more]

Mortgage Rates Now Back to 4.25% on Average
Fri, 12 Sep 2014 19:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have now endured an insulting 10 straight days without improving. While a few of those have resulted in 'unchanged' levels, most have sent rates higher. Today, in particular, has the grim distinction of mo..[read more]

Recapping Recent Proposed Mortgage Rule Changes
Fri, 12 Sep 2014 17:33:25 GMT

Posted To: MND NewsWireThere are five key issues confronting the Federal Housing Finance Agency (FHFA) its director told a banking audience on Monday. The five, taken together, Director Mel Watt said, address both of FHFA's roles; conservator of the ..[read more]

MBS MID-DAY: Bond Markets Officially Move Out of Long Term Downtrend
Fri, 12 Sep 2014 16:01:10 GMT

Posted To: MBS CommentaryThroughout the week, we've had our eyes on the long term downtrend in rates stretching back to the beginning of 2014. It provided some context for the relatively brutal uptrend that's taken shape in September. Until t..[read more]

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