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Real Estate News
MBS RECAP: With Nothing Better to do, Bonds Follow Stocks and Headlines
Mon, 21 Jul 2014 21:36:47 GMT

Posted To: MBS CommentaryIf you haven't heard already (say, like 7 or 8 times from us--both before and after the fact), today's calendar was fairly light for bond markets. In terms of scheduled economic data, there was nothing significant. Th..[read more]

Mortgage rates Steady to Slightly Lower
Mon, 21 Jul 2014 20:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved just barely lower in most cases today, though some lenders were unchanged or slightly higher. It was a slow start to the week as far it concerns the financial markets that underlie rate movements. Th..[read more]

Home Prices to Level Off and Reverse Course Within 2 Years - Analysts
Mon, 21 Jul 2014 18:24:32 GMT

Posted To: MND NewsWireTwo Bank of America Merrill Lynch (BAML) analysts are defending what they call their big high conviction views for what should happen in the housing world over the next two years. Chris Flanagan and Gregory Fitter, ABS and MBS ..[read more]

MBS MID-DAY: With Little Else to Watch, Rates Follow Stocks Lower
Mon, 21 Jul 2014 15:35:34 GMT

Posted To: MBS CommentaryWith no major economic data on the calendar, and no game-changing headlines to react to, bond markets have been content to follow stocks so far this morning. Stocks are weaker and bonds are stronger. There's not much more..[read more]

Home Value Forecasts; Non-QM and Non-Performing Loan Price Action; CMLA on FHFA OIG Report
Mon, 21 Jul 2014 13:47:55 GMT

Posted To: Pipeline PressWhat can you buy on minimum wage? Well, I guess that's a relative question; relative to a number of factors such as where you live, your current monthly expenses, and savings rate; however, I'm going to guess 'not much'. Zill..[read more]

MBS Week Ahead: Limited Data This Week, but Several Housing-Related Reports; Following Week is BIG
Mon, 21 Jul 2014 11:33:43 GMT

Posted To: MBS CommentaryIn many ways, the current week will serve as a prelude to the following week, which is exceptionally packed with big-ticket events . From Wednesday to Friday (next week), we'll get the first look at Q2 GDP, ADP Employment..[read more]

MBS RECAP: As Initial Headline Shock Fades, Bonds Level-Off
Fri, 18 Jul 2014 20:02:12 GMT

Posted To: MBS CommentaryThe amount of geopolitical turmoil in the world today is not materially better than yesterday, but without new surprises to fuel safe-haven demand, bond markets found no reason to extend the rally . That said, if the rally wa..[read more]

Mortgage Rates Hold Steady Despite Market Weakness
Fri, 18 Jul 2014 19:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold their ground today. Some lenders were even in slightly better shape, though there was no change on average. That's somewhat interesting considering the bond markets that most directly affec..[read more]

New Housing Normal; Pent-up Supply and Demand
Fri, 18 Jul 2014 18:40:24 GMT

Posted To: MND NewsWireWhile he has written about some of the elements in the past, Mark Fleming neatly summed up the current state of housing's supply and demand constraints in the latest edition of CoreLogic's Market Pulse. That issue, the company'..[read more]

MBS MID-DAY: Giving Back Some Gains; Mostly Uneventful; Some Reprice Risk
Fri, 18 Jul 2014 16:13:23 GMT

Posted To: MBS CommentarySometimes the 2nd day of a big geopolitical move will spiral into a volatile blaze of glory. Other times, it's like today. Bond markets are calmly marching to slightly weaker levels. The same narrow trend has been intact ..[read more]

Small Lenders Increased Selling Directly to GSEs a Double-Edged Sword
Fri, 18 Jul 2014 15:06:04 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency's Office of Inspector General (FHFA OIG) has released an evaluation of Fannie Mae's and Freddie Mac's (the GSEs) increased recent level of purchases of loans from small banks, credit unions, a..[read more]

More on Appendix Q; Pre-Disclosure Restrictions; CFPB on Complaint Sharing; Big Bank Bankruptcy Plans
Fri, 18 Jul 2014 14:14:18 GMT

Posted To: Pipeline PressDo you have a plan in case you go bankrupt? The "big boys" do! The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank holding companies with total consolidated assets of $50 billion or more and nonba..[read more]

MBS Day Ahead: Basically Just Waiting on Geopolitical Risk; Dangerous Game for Bonds
Fri, 18 Jul 2014 11:31:00 GMT

Posted To: MBS CommentaryAlthough economic data had some small role to play in yesterday's strong bond market rally, the day was really all about geopolitical risk. If we've learned anything about geopolitical risk as a market mover, it's to not rely..[read more]

Mortgage Rates Appreciably Lower After Geopolitical Headlines
Thu, 17 Jul 2014 21:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved more decisively lower today, though not for any stable or happy reasons. Such is often the case with interest rates. As economic conditions worsen or as terrible events around the world fuel demand f..[read more]

MBS RECAP: Market Monotony Broken By Geopolitical Events; Big Rally For Bonds
Thu, 17 Jul 2014 21:04:45 GMT

Posted To: MBS CommentaryToday offered a triple or possibly quadruple-whammy for bond markets, almost exclusively in the form of overseas events. The weakest among these was the notion that yesterday's announcement of new sanctions against Russia..[read more]

MBS MID-DAY: Bond Markets Romp to Best Levels Amid Risk-Off Trade
Thu, 17 Jul 2014 15:33:39 GMT

Posted To: MBS CommentaryDespite a much stronger-than-expected Philly Fed report, bond markets didn't lose much ground after 10am. Earlier in the morning, weaker Housing Starts data helped strengthen an overnight rally. The original strength is t..[read more]

Foreclosures hit Important Milestone; Concerning Trends in Some States
Thu, 17 Jul 2014 14:57:32 GMT

Posted To: MND NewsWireIt has been a long eight years, but foreclosure activity appears to have returned to levels last seen before the housing downturn was born in 2006. RealtyTrac said today that the 2 percent decrease in the various types of forec..[read more]

Housing Starts Fall Enough to Break 3yr Trend of Improvement
Thu, 17 Jul 2014 14:48:49 GMT

Posted To: MND NewsWireAll three residential construction indicators fell in June according to the U.S. Census Bureau and the Department of Housing and Urban Development. Housing permits and housing starts were down for the second month in a row and ..[read more]

Surprising Pull Through Research; Float Down Lock White Paper; Chase May do What?
Thu, 17 Jul 2014 14:37:24 GMT

Posted To: Pipeline PressNon-QM loans, investor interest in those higher yielding pools, potential disparate impact as a result of QM rules, eMortgages (or the lack thereof), and the CFPB's impact on credit were all hot topics at The California Mortg..[read more]

MBS Day Ahead: Busiest Day of Econ Data as Bonds Try for Underdog Victory
Thu, 17 Jul 2014 11:41:38 GMT

Posted To: MBS CommentaryIn a sense, bond markets came into the week as an underdog . They'd rallied the entire previous week to the lowest levels in over a month. And by Friday, that rally momentum was being shed in just such a way that suggeste..[read more]

MBS RECAP: Uneventful Day Leaves Bond Markets Fairly Flat; MBS Underperform
Wed, 16 Jul 2014 20:42:41 GMT

Posted To: MBS CommentaryAs the last few trades of the day trickle in, MBS are set to close almost perfectly in line with yesterday's closing levels. Even before that, there hasn't been much movement to speak of. The hand-off from European tr..[read more]

Mortgage Rates Unchanged to Slightly Higher
Wed, 16 Jul 2014 19:16:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were just barely higher today on average. The movement was so small that several lenders were actually unchanged or slightly better. This is consistent with an ongoing trend of incredibly small day-to-day ..[read more]

MBS MID-DAY: Mostly Sideways After Inconsequential Data and Yellen's Round 2
Wed, 16 Jul 2014 16:12:05 GMT

Posted To: MBS CommentaryAh round 2! After a relatively civil and infinitely more relevant chat with the Senate Banking Committee, Fed Chair Yellen is now enduring what can only be described as a nauseating barrage of political grandstanding. Making ..[read more]

Smarting over Fines, Chase will Reduce FHA Lending
Wed, 16 Jul 2014 15:41:06 GMT

Posted To: MND NewsWireJP Morgan Chase appears to be questioning the wisdom of remaining an FHA lender. The company's Chairman and CEO, Jamie Dimon, made critical comments about the FHA program during a conference call on Tuesday accompanying release..[read more]

Homebuilder Confidence Back Into Positive Territory
Wed, 16 Jul 2014 15:38:01 GMT

Posted To: MND NewsWireHomebuilder confidence in the market for new homes crossed into positive territory in July, the first time the measure has been above the crucial 50 mark since January. The National Association of Home Builders (NAHB)/Wells Far..[read more]

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