Real Estate News
MBS RECAP: Bond Markets Try to Hold Gains After Ukraine-Inspired Rally
Tue, 15 Apr 2014 19:44:11 GMT

Posted To: MBS CommentaryFor all the possibilities, today ended up being both surprising and straightforward for bond markets. The surprise was that Ukraine headlines turned out to be the biggest market mover as they introduced a new level of physica..[read more]

Mortgage Rates Hold Ground After Ukraine Headlines
Tue, 15 Apr 2014 19:05:00 GMT

Posted To: Mortgage Rate WatchMortgage rates started the day in weaker territory, continuing higher for a second straight morning. Just after 10am, headlines regarding violence in Ukraine sent stocks lower and provided demand for fixed-income. The mo..[read more]

MBS MID-DAY: Bond Markets in Rally Mode After Visit From Old Friend
Tue, 15 Apr 2014 16:03:56 GMT

Posted To: MBS CommentaryGeopolitical risk is an old friend to bond markets. When prospects for awful things flare up at home and abroad, money tends to flow out of stocks and into bonds. That's been the case so far today as Treasury yields and s..[read more]

No Spring Breakout as Builder Confidence Stalls
Tue, 15 Apr 2014 15:45:21 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose to 47 this month, indicating a slight improvement in the confidence of home builders in the market for new single family homes. At the..[read more]

New Home Applications Up in March
Tue, 15 Apr 2014 14:49:57 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) estimated today that there was a 15 percent increase in applications for new home purchases in March compared to February even as the annual pace of new home sales eased. MBA's Builder App..[read more]

Consumer Expectations Rise Slightly Along with Inflation Fears
Tue, 15 Apr 2014 14:45:39 GMT

Posted To: MND NewsWireAnother survey has found a slight overall improvement in consumer attitudes toward the economy. The New York Federal Reserve Bank said that its monthly Survey of Consumer Expectations (SEC) for March showed increasingly positiv..[read more]

Mortgage and Bank M&A; Ellie's Announcement; United Wholesale Rolls Out Non-QM
Tue, 15 Apr 2014 13:46:16 GMT

Posted To: Pipeline PressDon't forget: the bond markets close early on Thursday , and are closed entirely Friday. LOs know that any lender taking locks will price conservatively. But today it is business as usual, although being April 15 th retailers..[read more]

MBS Day Ahead: 2nd Chance to Fight Off Weakness; Economic Data Continues
Tue, 15 Apr 2014 11:56:05 GMT

Posted To: MBS CommentaryFinancial securities have a tendency to alternate between periods of movement and consolidation. Obviously, if something isn't moving higher or lower, then it's sideways. What isn't always obvious (in many cases, ..[read more]

MBS RECAP: Moderate but Persistent Weakness After Retail Sales
Mon, 14 Apr 2014 20:00:23 GMT

Posted To: MBS CommentaryNothing has changed from the Mid-Day Commentary , as MBS continue bouncing along the same lows that offered support earlier this morning. Treasuries have also been contained by their weakest levels of the day. Neither has sol..[read more]

Mortgage Rates Snap 7 Day Winning Streak
Mon, 14 Apr 2014 19:23:00 GMT

Posted To: Mortgage Rate WatchMortgage rates finally ended a move lower that began 7 business days earlier on April 3rd. The biggest movement during that time was the Employment Situation data on April 4th. While those jobs numbers were actually dece..[read more]

Tax Time Do's and Don'ts For a Smoother Mortgage Process
Mon, 14 Apr 2014 17:36:16 GMT

Posted To: Community CommentaryHere's a special Tax Time edition of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in the mortgage process. In case it needs to be said, the "Don'ts" are strictly for ..[read more]

MBS MID-DAY: Technical Resistance and Stronger Data Hurting Bond Markets
Mon, 14 Apr 2014 15:45:02 GMT

Posted To: MBS CommentaryComing into the week, there were some technical considerations regarding the recent losing streak in stocks and winning streak in bonds. These serve as a backdrop for this morning's economic data and resulting market move..[read more]

Owning Stock in the Agencies; FHA's HAWK Program; ABA Lending Survey Results
Mon, 14 Apr 2014 13:03:59 GMT

Posted To: Pipeline PressCertainly many statistics are showing us that things continue to pick up. But is the economy doing as well as the Fed thinks it is? If it is, the improvement is certainly not evident in the traditional sense, and the gap betw..[read more]

MBS Week Ahead: Economic Data in Focus on Holiday-Shortened Week
Mon, 14 Apr 2014 11:45:04 GMT

Posted To: MBS CommentaryCertainly the past 6 trading days (NFP Friday and every day thereafter) have been strong for bond markets and weak for stocks. The connection between the two has been fairly strong as well, in that stocks are rising and falli..[read more]

MBS RECAP: Steady At Slightly Stronger Levels All Day
Fri, 11 Apr 2014 19:22:50 GMT

Posted To: MBS CommentaryEven after moving across the 3pm close of Treasury Pit trading at the CME, bond markets have continued to hold inside the same narrow, sideways range that has contained all the day's trading. In the case of MBS, prices ha..[read more]

Mortgage Rates Hold Solid Gains
Fri, 11 Apr 2014 18:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold on to yesterday's big improvements as markets held very steady by comparison today. If there's a slight bias, it's positive for bond markets, resulting in most lenders moving to just slight..[read more]

'Hope Now' Nears 7 Million Modifications
Fri, 11 Apr 2014 17:58:04 GMT

Posted To: MND NewsWireHOPE Now, founded in 2007 as an early response to the growing threat of foreclosures, continues to negotiate loan modifications in double-digit numbers for distressed homeowners. The voluntary, private sector alliance made up o..[read more]

Health Care Costs Aren't Rising Fast Enough. Wait, What?
Fri, 11 Apr 2014 16:42:00 GMT

Posted To: MND NewsWireHealth care costs aren't rising fast enough for the Fed's liking, and that may help keep interest rates lower for longer. But is the problem one of persistent 'under-inflation' or simply the result of a bloated system falling i..[read more]

MBS MID-DAY: Quiet by Comparison; Off Highs, but Still Positive
Fri, 11 Apr 2014 15:56:27 GMT

Posted To: MBS CommentaryBy this time yesterday, MBS had already moved up 3/8ths of a point from morning lows. Activity is muted by comparison today. Movement has been in the other direction, but although prices are an eighth of a point off their hig..[read more]

Chase Earnings Miss, but 12 Record Quarters in a Row for Wells
Fri, 11 Apr 2014 15:26:22 GMT

Posted To: MND NewsWireTwo of the nation's largest banks released their first quarter earnings on Thursday. The results of one outpaced analysts' expectations while the other posted disappointing results. Wells Fargo continued its 2013 winning streak..[read more]

CFPB on Loan Closings; Chase and Wells Mortgage Earnings Reflect the Industry; Lenders Selling Their Only Asset
Fri, 11 Apr 2014 14:12:36 GMT

Posted To: Pipeline PressWhat is the Economic Census ? According to U.S. Secretary of Commerce, Penny Pritzker, "the economic census is one of the Commerce Department's most valuable data resources," ya, but what does it show? "By providing a close-u..[read more]

MBS Day Ahead: More Surprises in Store for Bond Markets?
Fri, 11 Apr 2014 11:42:03 GMT

Posted To: MBS CommentaryYesterday's bond rally took markets by surprise. Granted, the proponents of the 'death cross' or those pointing to support from longer term moving averages may have felt the move was justified from a technical sta..[read more]

Mortgage Rates Down Big; Lowest in a Month
Thu, 10 Apr 2014 18:43:00 GMT

Posted To: Mortgage Rate WatchMortgage rates began the day without any hint of the drama that was to come. The first rate sheets of the day were little-changed compared to yesterday's latest offerings. Then markets of all shapes and sizes went on a f..[read more]

Foreclosures have Doubled in Some States Despite Overall Decline
Thu, 10 Apr 2014 17:26:14 GMT

Posted To: MND NewsWireRealtyTrac reported today that an uptick in foreclosure starts last month drove an overall increase in the nation's foreclosure activity. There was a 7 percent jump in the filings of initial public notice - Notice of Default (N..[read more]

MBS MID-DAY: Snowball Buying Brings Bonds to Best Levels in a Month.
Thu, 10 Apr 2014 16:33:06 GMT

Posted To: MBS CommentaryEarlier this morning, there was a solid 30 minutes where it looked like stronger economic data would make things challenging for bond markets heading into the afternoon. But half an hour is as long as that lasted. Multiple as..[read more]

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