Real Estate News
Mortgage Rates Fairly Steady; Volatility Still Looming
Tue, 01 Sep 2015 22:39:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Whether or not you see today's rates in better shape vs yesterday depends on how your lender approached yesterday afternoon's quick deterioration in mortgage-backed-securities (the ..[read more]

MBS RECAP: Range Grows Even More Narrow; Bonds End Near Best Levels
Tue, 01 Sep 2015 22:35:05 GMT

Posted To: MBS CommentaryToday was a classic "inside day," meaning that the entire range of trading took place inside yesterday's trading range. As far as domestic hours are concerned, it wasn't even close. 10yr yields continued holding the 2..[read more]

Construction Spending Flat but still Posting YoY Improvement
Tue, 01 Sep 2015 19:01:56 GMT

Posted To: MND NewsWireConstruction spending posted a slight increase in July rising 0.7 percent from the revised June estimate of $1,075.9 billion to a seasonally adjusted annual rate of $1,083.4 billion. The July number was 13.7 percent higher than..[read more]

MBS MID-DAY: Range-Trade Continues With Help From Data
Tue, 01 Sep 2015 16:07:33 GMT

Posted To: MBS CommentaryBond markets started the overnight session in better shape , already bouncing back from yesterday's weak closing levels. Data in China and Japan helped the healing continue for bonds as global equities markets sank. The N..[read more]

Home Prices Stepped up Gains in July
Tue, 01 Sep 2015 13:52:22 GMT

Posted To: MND NewsWireHome prices nationally increased year-over-year at a faster pace in July than they did in June CoreLogic said on Tuesday. The company's Home Price Index (HPI) which includes distressed properties rose 6.9 percent from a year ea..[read more]

Lender Management Changes; BofA and M&T Settlements; Upcoming Training/Events
Tue, 01 Sep 2015 13:34:50 GMT

Posted To: Pipeline PressSlowly but surely the residential lending industry is trying to turn the tide in the public's mind about the home financing process - as noted in this MBA video . And a representative of United Guarantee sent me a note saying..[read more]

MBS Day Ahead: Asia to The Rescue Before ISM Casts Bigger Vote
Tue, 01 Sep 2015 12:50:01 GMT

Posted To: MBS CommentaryUS bond markets have an increasingly clear plan heading into the first 2 weeks of September: trade a narrow, consolidating range, centered on well-traveled inflection points allowing for the flexibility to move in either dire..[read more]

Homebuilders Waiting to See Impact of NLRB Ruling
Mon, 31 Aug 2015 21:22:41 GMT

Posted To: MND NewsWireA ruling last week from the National Labor Relations Board (NLRB) has sent many companies who rely on contract labor into a bit of a panic . While there is one school of thought that says the ruling may impact homebuilding, it ..[read more]

MBS RECAP: Widespread Negative Reprices as Bonds End Month Weaker
Mon, 31 Aug 2015 21:21:00 GMT

Posted To: MBS CommentaryTreasuries went out the 'in' door for the month of August, with today's 3pm levels matching the opening levels from August 3rd (1st trading day of the month). MBS briefly traded near their August 3rd levels, but e..[read more]

Mortgage Rates Rise; Volatility Builds Throughout Week
Mon, 31 Aug 2015 20:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved moderately higher today as bond traders adjusted their holdings for the end of the month. Mortgage rates are dictated by trading levels of mortgage-backed securities (which in turn, tend to move in s..[read more]

MBS MID-DAY: Bonds Give up Gains After Heavy Selling in Europe
Mon, 31 Aug 2015 17:35:53 GMT

Posted To: MBS CommentaryThe day started off well for domestic bond markets as weakness in Asia translated to some safe-haven demand for US Treasuries. At the start of the domestic session, month-end buying was evident. That means that certain trader..[read more]

CFPB news; Hispanic Influence Growing; Care and Training of Millennials; Rents are LOs Friend
Mon, 31 Aug 2015 13:20:02 GMT

Posted To: Pipeline PressDarned if I know how we're at the end of August already, with kids are heading back to school and the NFL all over sports programs. One thing that August had was a ruling in the federal bankruptcy court in the Royal Bank of C..[read more]

MBS Day Ahead: Bonds Continue Seeking Same Middle Ground as Important NFP Approaches
Mon, 31 Aug 2015 12:51:36 GMT

Posted To: MBS CommentaryAmid last week's glut of Fed speeches surrounding the Jackson Hole symposium, Fed Vice Chair Fischer specifically called out "the next two weeks of data" as having a bearing on the Fed's potential September rate hike...[read more]

MBS RECAP: Battle of Fed Speakers Results in Firmer Rate Hike Hints
Fri, 28 Aug 2015 20:44:36 GMT

Posted To: MBS CommentaryI was writing reprice alerts and chatting with the MBS Live community during the time that I'd normally be writing the Mid-Day commentary. By the time I wrote it, everything interesting that was going to happen today had ..[read more]

Mortgage Rates Varied by Lender Thanks to Volatility
Fri, 28 Aug 2015 19:37:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Depending on the lender, effective rates were either slightly higher or lower vs yesterday, with the average lender being just microscopically lower in rate. Keep in mind that the i..[read more]

Realtor "Do's and Don'ts"
Fri, 28 Aug 2015 19:23:42 GMT

Posted To: Community CommentaryWe've previously explored the "Do's and Don'ts" for homebuyers, and uncovered some vital tips that can help or hinder the home buying process. In today's special edition, we examine hints for Realtors, whose actions dur..[read more]

MBA Forecasts Housing Demand Over Next 10 Years
Fri, 28 Aug 2015 19:21:10 GMT

Posted To: MND NewsWireWe have been reading for several years now about two trends that appear troubling for the housing industry - a declining rate of homeownership and a stalled out rate of household formation. The latter has recently begun to reve..[read more]

Renters Largely Satisfied to Remain that way
Fri, 28 Aug 2015 18:52:29 GMT

Posted To: MND NewsWireIt appears that people who are currently renting their homes are not necessarily merely homebuyers in waiting as conventional wisdom has held. Freddie Mac said its recent research shows that 55 percent of renters have no plans ..[read more]

More Relatively Big Changes in Most Recent Fannie Selling Guide
Fri, 28 Aug 2015 17:39:44 GMT

Posted To: MND NewsWireFannie Mae has published a set of changes to its Selling Guide . The changes affect verification of self-employed income , Home-Style Renovation loans, eligibility reviews for Planned Unit Developments (PUDs), use of new disclo..[read more]

Dodd-Frank - a Five Year Summary
Fri, 28 Aug 2015 17:37:33 GMT

Posted To: MND NewsWireThe debate over whether the Dodd-Frank Wall Street Reform and Consumer Protection Act was desperately needed or a pox upon the land survives even as its fifth birthday passed in late July and is likely to become more heated as ..[read more]

MBS MID-DAY: Volatile Morning Leaves Bonds Nearly Unchanged
Fri, 28 Aug 2015 17:15:47 GMT

Posted To: MBS CommentaryThe very short version of a very long story is that bond markets are leveling-off within a range. Using the 10yr yield as a benchmark, that range is something like 2.13-2.20% In terms of Fannie 3.5s, it's 103-20 to 104-00..[read more]

First American RESPA Case; Plenty of Changes in FHA, VA, & USDA
Fri, 28 Aug 2015 16:14:38 GMT

Posted To: Pipeline PressI, being a capital markets guy, was very interested in the MBA sending a comment letter to the Basel Committee on its proposal, " Interest Rate Risk in the Banking Book " (Consultative Document). As drafted, the Consultative ..[read more]

MBS Day Ahead: Bond Markets Attempt to Confirm End to Correction
Fri, 28 Aug 2015 12:21:14 GMT

Posted To: MBS CommentaryAfter rallying steadily for more than a month and after seeing that rally accelerate quickly into Monday afternoon, Treasuries and MBS underwent 2.5 days of correction, bringing them back in line with the previous trend, or p..[read more]

MBS RECAP: Bond Markets Mostly Put Their Foot Down
Thu, 27 Aug 2015 20:44:17 GMT

Posted To: MBS CommentaryAfter two days of relatively brutal selling, bond markets finally opted for much less brutal selling. In fact, 10yr yields were in positive territory as of the official 3pm ET closing time. They've since trickled back to ..[read more]

Mortgage Rate Losing Streak Loses Steam
Thu, 27 Aug 2015 20:44:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were just barely higher today, greatly decreasing the momentum in a now 3-day losing streak. The timing of these movements is important as it relates to Freddie Mac's widely disseminated mortgage rate repo..[read more]

 © 2015 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design