525 Piaget Ave 2nd Flr
Cliffton, NJ 07011
Direct: 973-583-3030
Office: 973-253-2800
Fax: 973-253-2852
gershon@gershgroup.com




Real Estate News
MBS RECAP: Bond Markets Flat-Line After Overnight Weakness
Thu, 18 Dec 2014 21:09:21 GMT

Posted To: MBS CommentaryDepending on where you want to draw the line between the overnight and domestic sessions, nothing really happened today. Bond markets were basically done doing much of anything by 9:15am, and even that early morning movement ..[read more]

Mortgage Rates are Actually Higher Today
Thu, 18 Dec 2014 20:00:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher at a much quicker pace today. This runs counter to the most widely-circulated weekly rate report from Freddie Mac, which indicates a new low for 2014. The Freddie data isn't wrong, just a litt..[read more]

2014 Economy and Housing: From Deep Hole to Whimper
Thu, 18 Dec 2014 18:22:30 GMT

Posted To: MND NewsWireReferring to its " roller-coaster pattern of economic growth," Fannie Mae summarized the economy and housing in 2014 as a year that started with a deep hole and ended with a whimper. A brutally cold first quarter put economic g..[read more]

Lenders Gloomy about Purchase Demand and Profits
Thu, 18 Dec 2014 18:03:01 GMT

Posted To: MND NewsWireFannie Mae's writers use the word "stable" repeatedly to describe many of the findings from its fourth quarter 2014 Mortgage Lender Sentiment Survey, especially where the senior executives completing the questionnaire detailed ..[read more]

MBS MID-DAY: Bond Markets Weaker and It's Not All About The Fed
Thu, 18 Dec 2014 17:14:37 GMT

Posted To: MBS CommentaryFrom time to time, the best way to recap market events through mid-day will be to revisit things that have already been written. Here's the first: Monday morning's commentary . That serves as a set up for today. Here&..[read more]

Nationwide Rents and Coastal Property Values Continue Higher; MI news
Thu, 18 Dec 2014 15:15:50 GMT

Posted To: Pipeline Press"Congress extends Mortgage Debt Forgiveness Act " - hey, that's good news, right? In fact the Senate approved a bill that would retroactively extend over 50 expiring tax provisions for one year, including the one that shields..[read more]

MBS Day Ahead: Where Does Yesterday's Fed Statement Leave Rates?
Thu, 18 Dec 2014 12:49:11 GMT

Posted To: MBS CommentaryWhere does yesterday's FOMC Announcement leave us in terms of the rate outlook? The same place we were before the FOMC Announcement! The only thing it changed was our level of respect for the Fed. This one was a rare exam..[read more]

Mortgage Rates Slightly Higher After Fed Announcement
Wed, 17 Dec 2014 22:23:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose at an acceptable pace today, following the FOMC Announcement and press conference. Rates are driven by bond markets (mortgage-backed-securities, to be specific) and bond markets make a big deal of dig..[read more]

MBS RECAP: Fed's Tricky Statement Lets Markets Choose Their Own Adventure
Wed, 17 Dec 2014 21:53:37 GMT

Posted To: MBS CommentaryToday's FOMC Announcement and ensuing press conference caused significant volatility (albeit, within a historically narrow range) for bond markets. One of the main reasons for the initial volatility is that the traditiona..[read more]

Former Countrywide Employee Awarded $57 Million in BofA Whistleblower Case
Wed, 17 Dec 2014 21:46:41 GMT

Posted To: MND NewsWireThe person who perhaps made it possible for state and federal governments to collect billions from the Bank of America will apparently be amply compensated for his actions. The New York Times is reporting that Edward O'Donnell,..[read more]

MBS MID-DAY: Volatility Within a Range Ahead of FOMC
Wed, 17 Dec 2014 17:46:08 GMT

Posted To: MBS CommentaryTreasuries once again broke away from the pack in the overnight session and moved higher in yield. Cues from related markets didn't suggest that weakness , but we saw a similar move early Monday morning. In both cases, yi..[read more]

Builder and Lot Price Trends; Ellington Cash Infusion; Latest on Fannie & Freddie
Wed, 17 Dec 2014 15:53:49 GMT

Posted To: Pipeline PressFor folks who like paper and documentation, in 2015 nearby Iowa (I am in Kansas for a few days) will become the first state to offer an official app from the state's Department of Transportation that can serve as your driver'..[read more]

Lower Rates Fail to Stir Mortgage Applications
Wed, 17 Dec 2014 14:39:44 GMT

Posted To: MND NewsWireMortgage applications were down modestly during the week ended December 12, with purchase applications accounting for the decline. The Mortgage Bankers Association said its Market Composite Index, a measure of application volum..[read more]

MBS Day Ahead: Market Momentum vs FOMC Announcement
Wed, 17 Dec 2014 12:33:55 GMT

Posted To: MBS CommentaryToday's FOMC Announcement at 2pm is a bit of a puzzler, because it has the capability to be one of the more important recent announcements. One reason for this is that the Fed tends to "go big" when there's an announc..[read more]

MBS RECAP: Hungry Bond Rally Finds More to Eat
Tue, 16 Dec 2014 21:14:49 GMT

Posted To: MBS CommentaryAs Fannie 3.5 MBS pushed over 104 and 10yr yields moved down toward 2%, it became increasingly clear that the bond market rally required an ever-larger supply of motivation to continue rallying. When we actually lost ground y..[read more]

Mortgage Rates Back to Pre-Taper-Tantrum Levels
Tue, 16 Dec 2014 20:14:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell decisively today, bringing some lenders back in line with rate sheets seen on May 22nd, 2013. That's significant because it was arguably the first day of the 'Taper Tantrum,' when markets began pricin..[read more]

MBS MID-DAY: Volatile Day for Markets; Who's Responsible for This?
Tue, 16 Dec 2014 17:32:56 GMT

Posted To: MBS CommentaryTo be clear, bond markets are still in strongly positive territory this morning, though they're off their best levels seen just after 7am. Volatility in global financial markets is elevated and some unique things are happ..[read more]

Winter Arrived Early, Construction Slowed as Well
Tue, 16 Dec 2014 17:32:03 GMT

Posted To: MND NewsWireAll three of the U.S. Census Bureau/Department of Housing and Urban Development construction indicators dropped in November from their October levels and both residential building permits and housing starts were also lower than..[read more]

State Fraud Rankings; New Products from Stonegate, First Cal, and SoFi
Tue, 16 Dec 2014 15:44:57 GMT

Posted To: Pipeline PressLooking at things in a different way works very well in marketing as well. Carol Kimball sent along something for Realtors out there: selling a house by installing a miniature roller coaster for buyer's tours. Thanks Carol! W..[read more]

MBS Day Ahead: Gearing up for Fed or Running With the Pack?
Tue, 16 Dec 2014 12:32:12 GMT

Posted To: MBS CommentaryBond markets lost ground yesterday, which is notable in the context of recent events because other markets didn't necessarily agree. By that, I mean the "risk-on/risk-off" pattern that has pervaded multiple asset classes ..[read more]

Mortgage Rates Steady at 2014 Lows
Mon, 15 Dec 2014 21:37:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held steady today on average, but were slightly higher or lower depending on the lender. In either case, there hasn't been much movement from Friday's latest rate sheet offerings. That leaves 3.875% intact..[read more]

Residential Remodeling Numbers Flat in Most of Country
Mon, 15 Dec 2014 19:00:22 GMT

Posted To: MND NewsWireThe BuildFax Remodeling Index for October indicates a slight slowdown in the number of building permits issued for the purpose of residential remodeling from the previous month. The number of these permits, however were substan..[read more]

MBS MID-DAY: Bond Markets Hold Friday's Range as Global Markets Tank
Mon, 15 Dec 2014 17:18:08 GMT

Posted To: MBS CommentaryNaturally, most headlines continue to credit oil for everything that's happening everywhere. That may be true in a roundabout way, but it's a harder case to make in the short term today as the Ruble (Russia's curr..[read more]

Builder Confidence Finishes Year Close to Highs
Mon, 15 Dec 2014 15:58:27 GMT

Posted To: MND NewsWireBuilder confidence as measured by the National Association of Home Builders (NAHB)/Wells Fargo Home Market Index (HMI) fell back slightly in December after a four point uptick in November, and is ending the year just about wher..[read more]

Lehman in the News; Down Payment Assistance Study; Fitch's Forecast for MBS
Mon, 15 Dec 2014 15:43:47 GMT

Posted To: Pipeline Press"What I don't like about office Christmas parties is looking for a job the next day." Here are a few tips on how to avoid that. And avoiding mortgage application fraud is even more important - but according to this story in t..[read more]

 © 2014 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design