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Real Estate News
2014 New Home Sales 1.2 Percent Higher than 2013
Tue, 27 Jan 2015 18:22:59 GMT

Posted To: MND NewsWireNormal 0 false false false EN-US X-NONE X-NONE New Home Sales in December scored a big increase over November’s figures according to a joint Census Bureau, Department of Housing and Urban Development report issued today. ..[read more]

MBS MID-DAY: Off Best Levels After European Markets Close
Tue, 27 Jan 2015 18:16:39 GMT

Posted To: MBS CommentaryThe overnight session was generally flat to slightly stronger for Treasuries. Early domestic trading was limited due to the snow storm in New York (though not as limited as it seemed that it would be based on yesterday's ..[read more]

Case-Shiller: Recovery has Barely Reached First Base
Tue, 27 Jan 2015 16:19:07 GMT

Posted To: MND NewsWireAs has been the case for some months the latest report from S&P/Case Shiller shows a continued slowing of home price increases. November results for both the 10-City and 20-City Composite Indices were lower on a year-over-year ..[read more]

Boomerang ' are Buyers Ready, Willing, and Able?
Tue, 27 Jan 2015 15:38:34 GMT

Posted To: MND NewsWireNormal 0 false false false EN-US X-NONE X-NONE Are you ready for The Boomerang Buyer? That is the latest wrinkle in the seemingly endless foreclosure saga and there are apparently a lot of them who are now potentially able to a..[read more]

Texas, Colorado Outshining Pre-Crash Home Prices
Tue, 27 Jan 2015 15:33:20 GMT

Posted To: MND NewsWireNormal 0 false false false EN-US X-NONE X-NONE Black Knight Financial Services said Monday that national home prices eked out another month-over-month gain in November, rising 0.1 percent on its Home Price Index (HPI) to a valu..[read more]

FHA MIP Change Advice; USDA News; Correspondent Salary Survey; CFPB Stealing Auditors?
Tue, 27 Jan 2015 15:29:28 GMT

Posted To: Pipeline PressI see a fair amount of state-level news, and it seems to be the season for lenders to meet with legislators. What items are on the agendas? As an indication, Banner Bank's Ken Larsen sent along the Seattle Mortgage Bankers As..[read more]

MBS Day Ahead: Plenty of Data, but No One Around to Trade It
Tue, 27 Jan 2015 12:33:04 GMT

Posted To: MBS CommentaryToday brings a relative deluge of economic data compared to yesterday. Reports include Durable Goods, Case-Shiller Home Prices, New Home Sales, and Consumer Confidence. On most occasions in the past, this line-up of upper-mid..[read more]

MBS RECAP: Lack of Data Today, Snowstorm Tomorrow Taking Toll on Participation
Mon, 26 Jan 2015 22:10:22 GMT

Posted To: MBS CommentaryAfter two weeks of elevated volumes and activity, today hearkened back to old-fashioned Mondays . Participation was light, market movement was largely an overnight affair, and there was a general absence of interesting info d..[read more]

Mortgage Rates Unchanged Amid Lack of Motivation
Mon, 26 Jan 2015 19:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged in most cases today, though some lenders were microscopically higher or lower compared to last Friday. Any attempts at more meaningful market movement were seen in the overnight trading hour..[read more]

MBS MID-DAY: Choppy, Sideways Range, Little-Changed From Friday
Mon, 26 Jan 2015 18:07:07 GMT

Posted To: MBS CommentaryThe week is off to a fairly anticlimactic start, belying the initial volatility seen after the Greek elections early in the overnight session. 10yr yields have traded a respectably wide range of 1.75 to 1.84 overall, but only..[read more]

FHA Premium Cut not about the GSEs
Mon, 26 Jan 2015 16:55:00 GMT

Posted To: MND NewsWireJulian Castro, Secretary of Housing and Urban said today that the reduction of FHA annual premiums has nothing to do with competition from Fannie Mae and Freddie Mac. The 50 basis point reduction in annual mortgage premiums ann..[read more]

Nitty-Gritty on the HUD & FHA Changes and How Lenders are Handling Them
Mon, 26 Jan 2015 15:42:15 GMT

Posted To: Pipeline PressOne never knows what will cause mass hysteria . Maybe the storm hitting the Northeast? I doubt Ocwen's troubles will cause it, but the industry has watched its stock plummet and chairman resign, its battling with regulators i..[read more]

MBS Day Ahead: 2015 Volatility Continues with Greek Election Reaction and Fed Announcement
Mon, 26 Jan 2015 12:25:15 GMT

Posted To: MBS CommentaryIt's more or less impossible that we'll see any chance in policy stance with this Wednesday's FOMC Announcement, but it's still on the radar as a relevant event. Markets are interested to see how the Fed might..[read more]

Mortgage Rates Move Back toward Long-Term Lows
Fri, 23 Jan 2015 22:15:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were modestly lower today, and are now getting back in line with levels not seen in more than 20 months. Only the last 3 days of last week were any better. That said, the amount of improvement in the mortg..[read more]

MBS RECAP: We've Only Just Begun (to See ECB QE Volatility)
Fri, 23 Jan 2015 22:14:01 GMT

Posted To: MBS CommentarySome time between yesterday's European Central Bank (ECB) announcement and this morning's open, market participants decided to interpret the QE program as buying a fixed amount of bonds of Eurozone countries based on ..[read more]

MBS MID-DAY: Bond Markets Continue Riding ECB Wave
Fri, 23 Jan 2015 17:56:13 GMT

Posted To: MBS CommentaryYou may have the market aphorism that it's easier to ride waves than to swim against them. The post-ECB bond market wave is still in force today with all corners of the bond market gaining ground, but especially the longe..[read more]

Strengthening Economy Expected to "Drag" Housing Along
Fri, 23 Jan 2015 16:47:20 GMT

Posted To: MND NewsWireFannie Mae's economists expect the economy to strengthen in 2015 and that will "drag" housing into a better cycle this year. The company's forecast for the year includes a moderate acceleration of economic growth, "driven by st..[read more]

2015 Housing Opportunities might be Short-Lived
Fri, 23 Jan 2015 16:32:21 GMT

Posted To: MND NewsWireThere is certainly no dearth of economic and housing forecasts afoot in the land. Freddie Mac starts out its current U.S. Economic & Housing Market Outlook by comparing this January with last. Back then, we are reminded, "inter..[read more]

Existing Home Sales End Year on Higher Note
Fri, 23 Jan 2015 16:19:03 GMT

Posted To: MND NewsWireExisting home sales yo-yoed again in December. The National Association of Realtors® (NAR) said total sales of existing homes, including single family residences, condominiums, and co-ops were estimated at a seasonally adju..[read more]

Non-Performing Loan News; CFPB vs. Wells & Chase Has Everyone With MSAs Scurrying
Fri, 23 Jan 2015 15:48:43 GMT

Posted To: Pipeline PressI am in Portland, Oregon today, but I flew, of course, commercial. In things to note, in Davos, Switzerland, where the famous finance folks are, 1,700 private jets were counted. Among other things, the owners were there to di..[read more]

MBS Day Ahead: Bond Markets Set up Technical Defenses After ECB Whipsaw
Fri, 23 Jan 2015 12:34:14 GMT

Posted To: MBS CommentaryIt would be nice if yesterday's European Central Bank announcement had come with an instruction manual that let markets know how to react and at what pace. I haven't seen the analytical community as confused and nonco..[read more]

MBS RECAP: Bond Markets Thread the QE Needle, but What's Next?
Thu, 22 Jan 2015 22:29:06 GMT

Posted To: MBS Commentary10yr yields rocketed from 1.94 to 1.81 after this morning's ECB QE announcement and then leveled off right in between (that's 1.875 for those of you playing along at home). Funny thing about 1.875 is that it is exactl..[read more]

Six Economists Reach Similar Conclusions on 2015 Housing Outlook
Thu, 22 Jan 2015 21:48:49 GMT

Posted To: MND NewsWireOptimism about the housing market has been a "misplaced notion" for the last seven years according to Wells Fargo Senior Economist Mark Vitner, But 2015, he says, could be the year. Vitner was one of six economists making predi..[read more]

Wells Kickback Scheme Involved More Than 100 LOs, Garnered Multiple Warnings
Thu, 22 Jan 2015 21:42:03 GMT

Posted To: MND NewsWireWells Fargo and JPMorgan Chase along with a former Wells Fargo employee and his wife are the subjects of consent orders filed by the Maryland Attorney General and the Consumer Financial Protection Bureau (CFPB). The orders ask ..[read more]

Mortgage Rates Hold Perfectly Steady Despite Massive Underlying Volatility
Thu, 22 Jan 2015 20:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't budge today. That's impressive considering the amount of volatility in financial markets leading up to and following the European Central Bank (ECB) announcement. Markets widely expected the ECB to ..[read more]

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