Real Estate News
MBS RECAP: Bond Markets Go out at May's Best Levels
Fri, 29 May 2015 21:30:09 GMT

Posted To: MBS CommentaryIt came right down to the wire . The best 3pm closing level for 10yr yields was previously seen on May 1st at 2.117. We hovered near those levels for much of the day today, but ultimately hit 2.095 by 3pm. Even though bonds c..[read more]

Mortgage Rates Back Into the 3's to End The Month
Fri, 29 May 2015 20:00:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower again today , making this the 7th straight day where rates have either held steady or improved. Over that time, no single day stands out as clearly better than the others. Instead, the gains ha..[read more]

State, CFPB win Judgment against Florida Loan Mod Scheme
Fri, 29 May 2015 17:57:22 GMT

Posted To: MND NewsWireA Florida law firm and its several affiliates which had already been shuttered by the State of Florida and the Consumer Financial Protection Bureau (CFPB) were ordered on Friday to pay a total of $27.7 million in damages and pe..[read more]

Realtors Confronting Problems of Structure, Leadership, and Technology
Fri, 29 May 2015 17:53:44 GMT

Posted To: MND NewsWireThe Definitive Analysis of Negative Game Changers Emerging in Real Estate or D.A.N.G.E.R report prepared for the National Association of Realtors® (NAR) by author Stefan Swanepoel is blunt in addressing vulnerabilities of t..[read more]

MBS MID-DAY: After Data, Bonds on Cruise Control at Slightly Stronger Levels
Fri, 29 May 2015 17:15:06 GMT

Posted To: MBS CommentaryToday has quickly become the 3rd day of exceptionally calm trading relative to a heretofore tumultuous month. The even-keeled vibes began right from the start of the overnight session with 10yr yields trading in a 2.12-2.14 r..[read more]

Good Trends in House Prices; 45 Business Days until TRID! Survey Says 92% Will Be Ready
Fri, 29 May 2015 14:52:38 GMT

Posted To: Pipeline PressAccording to the U.S. Census Bureau, there are now ten cities that have a population of greater than 1 million with California and Texas each home to three of these cities. San Jose, CA has now been added to the top 10 most p..[read more]

MBS Day Ahead: Month-End on a Friday. Time to Lock?
Fri, 29 May 2015 11:33:17 GMT

Posted To: MBS CommentaryJust yesterday morning, I noted that bond markets may be seeing the light at the end of the tunnel for May. Indeed, things have been going well enough this week compared to recent weeks. Even the big financial media outlets a..[read more]

Mortgage Rates Microscopically Lower
Thu, 28 May 2015 21:44:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged today. Those that budged moved almost imperceptibly lower from yesterday's latest rate sheets. In general, there was simply very little movement in underlying markets and lenders' rate sheets..[read more]

MBS RECAP: Increasingly Calm Trading Heading into Month-End
Thu, 28 May 2015 21:39:51 GMT

Posted To: MBS CommentaryThere's 'month-end' and then there's 'month-end.' In a general sense, this entire week can be referred to as month-end as far as bond markets are concerned. It's a time where money managers are adj..[read more]

MBS MID-DAY: Week-Long Positive Trend Running Out of Steam
Thu, 28 May 2015 16:12:17 GMT

Posted To: MBS CommentaryAfter the last visit to May's weakest levels (last Wednesday morning), MBS and Treasuries have been in a fairly linear trend back toward stronger levels . But as we approach those levels, bond markets are visibly having s..[read more]

Sellers' Market Drives Pending Sales to 2006 Levels
Thu, 28 May 2015 14:45:37 GMT

Posted To: MND NewsWireApril saw the highest number for pending sales in nearly nine years the National Association of Realtors® (NAR) said today. The Pending Home Sales Index (PHSI) increased 3.4 percent compared to a slightly upwardly revised M..[read more]

Ocwen's Houston Closure; Risks Facing Banks; Cost of Compliance; State Level Lending News
Thu, 28 May 2015 14:32:12 GMT

Posted To: Pipeline PressThe Census Bureau tell us that there were 23 million businesses without paid employees, or non-employer businesses, in the United States in 2013, up 4.4 million from 2003 and 269,705, or 1.2 percent, from 2012. Don't ask me, ..[read more]

MBS Day Ahead: Are Bonds Seeing a Light at The End of May's Tunnel?
Thu, 28 May 2015 11:33:57 GMT

Posted To: MBS CommentaryHere we are in the last week of May and things finally seem to be going our way (knock on wood) with respect to bond markets putting some more consistent green on the screen. At least they SORT OF seem to be going our way in ..[read more]

MBS RECAP: Bond Markets Find Footing After Auction and Debunked Greek Drama
Wed, 27 May 2015 22:27:14 GMT

Posted To: MBS CommentaryMBS and Treasuries ended the day near their best closing levels since the beginning of the month. It wasn't a given from the outset though, and far from a straight line. The first roadblock came in the form of almost comi..[read more]

Mortgage Rates Still Not Fully Committed to Recovery
Wed, 27 May 2015 21:04:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved sideways-to-slightly lower in most cases today, but only after underlying bond markets fought back from morning weakness. Before that, most lenders were offering slightly higher rates than yesterday,..[read more]

Interesting Trends in FHLB, Subprime, and Non-Agency MBS Issuance; So What if Greece Defaults?
Wed, 27 May 2015 19:45:35 GMT

Posted To: Pipeline Press"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to piddle on the electric fence for themselves." Learning how to build a tall building has taken centuries..[read more]

Running Out of Ways to Say 'Housing Weak but Improving'
Wed, 27 May 2015 19:39:36 GMT

Posted To: MND NewsWireFreddie Mac said that its Multi-Indicator Market Index (MiMI) for March continues to indicate a weak housing market overall but both monthly and quarterly improvement. The Index was at 75.4 in March, a 0.69 percent gain from Fe..[read more]

Paid-Off Revolving Debt No Longer Required to be Closed - Fannie
Wed, 27 May 2015 18:47:32 GMT

Posted To: MND NewsWireFannie Mae has issued a slew of updates, clarifications, and extensions affecting its Selling Guide . Announcement SEL-2015-06 includes the following changes. The most notable change concerns the way paid-off revolving debt is ..[read more]

MBS MID-DAY: Bonds Battle Back After Getting Hit by Greece Headlines
Wed, 27 May 2015 16:05:31 GMT

Posted To: MBS CommentaryOn an otherwise quiet morning, bond markets had been holding in reasonably strong territory. MBS and Treasuries began the domestic session at slightly weaker levels, but found support with most of yesterday's gains intact..[read more]

Ebbing Refinance Demand Weighs on Mortgage Applications
Wed, 27 May 2015 14:23:50 GMT

Posted To: MND NewsWireMortgage applications declined overall for the fifth straight week even though there was a slight uptick in applications for purchase mortgages. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a mea..[read more]

MBS Day Ahead: Bonds Run Out of Data and Events Just When Things are Getting Good
Wed, 27 May 2015 11:34:04 GMT

Posted To: MBS CommentaryWhile yesterday didn't mark any ground-breaking foray back into the stronger trading levels seen in mid-April, it did end up being the first time since then that we've seen 3 out of any 4 days end green. In other word..[read more]

MBS RECAP: Confluence of Positive Events Keep Bonds Happy All Day
Tue, 26 May 2015 22:22:35 GMT

Posted To: MBS CommentaryUS rates markets began the global trading session fairly timidly, but moving slightly lower in yield. European hours brought bigger moves as stocks tanked and German Bund yields rallied quickly at the open. Europe's big "..[read more]

Mortgage Rates Slightly Lower
Tue, 26 May 2015 21:20:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were just slightly lower in most cases today. Last Friday, rates did a bit better than the underlying market weakness would have suggested, and now today, they've done a bit worse than the underlying stren..[read more]

MBS MID-DAY: Bonds Benefiting on Multiple Fronts
Tue, 26 May 2015 17:25:04 GMT

Posted To: MBS CommentaryHalfway through the day and domestic bond markets are very close to levels not seen since May 8th. 10yr yields are challenging the important 2.14 inflection point and are already stretching the boundaries of the consolidation..[read more]

FHFA Notes Less Aggressive Home Price Gains
Tue, 26 May 2015 16:28:38 GMT

Posted To: MND NewsWireThe numbers on home price trends for March from the Federal Housing Finance Agency (FHFA) were somewhat less aggressive that those also released on Tuesday from S&P Dow-Jones Case-Shiller indices. While it is like comparing app..[read more]

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