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Real Estate News |
Primer on Current Broker Compensation Plans - BPC & LPC; Reader Input on Different Topics
Sat, 25 May 2013 18:09:38 GMT
Posted To: Pipeline PressThe mortgage industry is filled with smart business people who just want to know "the rules of the game" rather than the uncertainty that seems to exist in many areas. For example, CG from Wisconsin writes, "I own a small mor..[read more]
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MBS RECAP: Technically an Early Close, but Buyers Never Showed Up
Fri, 24 May 2013 20:31:07 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary After a morning fraught with volatility, MBS finally bounced just after the noon hour. Even then, such a bounce wasn't really indicative of much more than an automatic buying point bein..[read more]
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Mortgage Rates Hold Steady Ahead of 3-Day Weekend
Fri, 24 May 2013 18:47:00 GMT
Posted To: Mortgage Rate WatchMortgage rates finally paused their relentless push higher today, holding at unchanged levels compared to yesterday's latest rate sheets on average. Some lenders were slightly better or worse, but none of them by a wide ..[read more]
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MBS MID-DAY: Negative Reprices in the AM: Breakfast of Champions
Fri, 24 May 2013 17:07:23 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Please not the timestamp on the price table below as Fannie 3.0s are currently down 3 ticks at 101-19, but had been as low as 101-13 earlier this morning. Negative reprice alerts on MBS L..[read more]
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Delinquency Rate Hits Post Housing Crisis Low for Freddie Mac
Fri, 24 May 2013 14:42:50 GMT
Posted To: MND NewsWireFreddie Mac said today that its total mortgage portfolio i ncreased by $951 million in April to $1.949 trillion , an increase of 0.6 percent. This was the second straight month the portfolio has increased. Purchases totaled $47..[read more]
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Government Furlough Days; H.R. 1077's Impact on QM And 3% Limit; MBA on GSE risk sharing
Fri, 24 May 2013 14:03:13 GMT
Posted To: Pipeline PressT he IRS, furlough days, and the possible impact on 4506 transcript processing . I first heard about it through a Mountain West Financial e-mail: "The IRS announced the first 5 furlough days for 2013. All services will be shu..[read more]
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The Day Ahead: Do or Die Time for MBS
Fri, 24 May 2013 11:37:00 GMT
Posted To: MBS CommentaryWelcome to a crazy day for markets, maybe. It's a quadruple witching session, meaning that futures and options for single stocks and stock indices are all expiring on the same day. It happens 4 times a year and though it's se..[read more]
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MBS RECAP: Attempting To Consolidate After Wednesday's Sell-Off
Thu, 23 May 2013 21:03:04 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Treasuries had a bit of an easier time today than MBS, the latter feeling the effects of a shift in duration preference that has been historically unkind to Fannie 3.0 30yr Fixed MBS. S..[read more]
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Mortgage Rates Carried Higher Still By Yesterday's Momentum
Thu, 23 May 2013 20:19:00 GMT
Posted To: Mortgage Rate WatchMortgage rates weren't quite finished with what they began on Wednesday, which was the worst we've seen in a long time . Despite bond markets managing to hold their ground for the most part today, rates were carried high..[read more]
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Can't Count on Low Rates Forever, Right? Why QE3 Could be Expensive; HUD disaster relief
Thu, 23 May 2013 18:58:00 GMT
Posted To: Pipeline PressThe Fed giveth, and the Fed taketh away. Both stocks and bonds fell on Wednesday after a Q&A session with Ben Bernanke , and minutes from the latest U.S. Federal Reserve meeting, shed some uncertainty on the schedule of QE3. ..[read more]
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New Homes Hit Record Median Price in April, Sales Rise
Thu, 23 May 2013 17:41:24 GMT
Posted To: MND NewsWireNew home sales rose 2.3 percent on a seasonally adjusted basis in April to an annual rate of 454,000 units . The Census Bureau and the Department of Housing and Urban Development also revised the March estimate of new home sale..[read more]
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MBS MID-DAY: Treasuries Green, MBS Red
Thu, 23 May 2013 16:47:46 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Mortgage markets are less than thrilled with the broader move into higher rates that was effectively confirmed yesterday, and we have 2 negative reprice alerts on MBS Live , early in the ..[read more]
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Home Price Gains Triple Inflation, but Not Without Distressed Sales
Thu, 23 May 2013 16:10:59 GMT
Posted To: MND NewsWireAs has every other price-related report, the one issued by the Federal Housing Finance Agency (FHFA) today confirmed the upward momentum of home prices in the first quarter of 2013. FHFA's Home Price Index (HPI) rose 1.9 percen..[read more]
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FHFA Watchdog Sends Milestone Report to Congress
Thu, 23 May 2013 13:44:51 GMT
Posted To: MND NewsWireThe fifth Semiannual Report from the Office of Inspector General ( OIG ) of the Federal Housing Finance Agency ( FHFA ) was released to Congress today. The report, prepared under the direction of Steve A. Linick, Inspector Gene..[read more]
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The Day Ahead: MBS in Full Melt-Down Mode. What Next?
Thu, 23 May 2013 10:58:00 GMT
Posted To: MBS CommentaryThe idea of "tapering" the Fed's long term asset purchases isn't as new as the past two weeks might make it seem. It was most visibly introduced in early February when both Bullard and Fisher spoke out in favor of the notion...[read more]
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MBS Annihilated After Fed Confirms The Hype
Thu, 23 May 2013 00:11:03 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Today was among the worst on record for MBS since the carnage that was late 2010. We still have yet to see anything rival Black Wednesday's, but almost exactly 4 years after that 2+ poi..[read more]
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Why Did Mortgage Rates Skyrocket Past 2013 Highs on Wednesday?
Wed, 22 May 2013 22:10:00 GMT
Posted To: Mortgage Rate WatchMortgage rates were utterly destroyed today. Not only did the average rate move above the highest seen in 2013, but rates haven't been this high since May 22nd of 2012! Of course, there's the "everything's relative" pers..[read more]
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House Rejects CFPB Testimony on Qualified Mortgage Rule
Wed, 22 May 2013 19:11:58 GMT
Posted To: MND NewsWireMembers of a House Financial Services subcommittee issued a press release Tuesday afternoon which essentially dismissed testimony heard earlier in the day from two officials of the Consumer Financial Protection Bureau (CFPB) re..[read more]
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Distressed Sales Fall Under 25 Percent in California
Wed, 22 May 2013 19:04:00 GMT
Posted To: MND NewsWireIn April 2012 distressed properties accounted for 45.8 percent of home sales in California the states Association of Realtors® said Wednesday, but last month that share dropped to 24.4 percent and was down 3.5 points compar..[read more]
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Mel Watt Hearings; Current Origination Numbers; Foreclosure Process Slowdown Merely a Hiccup
Wed, 22 May 2013 16:51:10 GMT
Posted To: Pipeline PressYesterday the commentary mentioned a rumored shut down of MGIC's Capital Markets Group . I received this e-mail: "MGIC has indeed reorganized certain, but not all, activities that were previously performed by our Capital Mark..[read more]
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MBS MID-DAY: THIS IS WHY YOU WANT MBS LIVE!
Wed, 22 May 2013 16:41:00 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary If you read this commentary with any sort of frequency, you may have noticed a trend of late, where the mid-day recap has been coming out later than normal. As we've said, this happens wh..[read more]
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Despite Tight Credit and Inventories, Existing Home Sales and Prices Continue Recovery
Wed, 22 May 2013 16:24:00 GMT
Posted To: MND NewsWireExisting home sales remain constrained by limited inventory and tight credit but still managed to eke out a small increase in April the National Association of Realtors® (NAR) said today. Total existing home sales rose 0.6 ..[read more]
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Substantial Decline in Foreclosure Inventory Noted in LPS Report
Wed, 22 May 2013 15:29:58 GMT
Posted To: MND NewsWireLender Processing Services (LPS) has provided its regular advanced release of data from its Mortgage Monitor . This " first look " at April 2013 month-end mortgage performance data will be followed by the full report in early J..[read more]
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Mortgage Applications Fall Sharply as Rates Rise
Wed, 22 May 2013 12:33:37 GMT
Posted To: MND NewsWireA big drop in applications for refinancing dragged the Mortgage Bankers Associations Market Composite Index, a measure of mortgage applications volume , lower during the week ended May 17. The index was down 9.8 percent on a se..[read more]
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The Day Ahead: Has All the Hype Been Remotely Justified?
Wed, 22 May 2013 11:23:00 GMT
Posted To: MBS CommentaryWednesday May 22nd, and we finally get to see what all the fuss is supposedly about . The "fuss" or hype, if you prefer, was theoretically kicked into high gear by a somewhat bungled pre-release ' leak ' of a Hilsenrath story..[read more]
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