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Real Estate News
MBS RECAP: Week Ends Roughly Where it Began, with Bonds Drifting
Fri, 17 Feb 2017 21:17:36 GMT

Posted To: MBS CommentaryFor all the sturm and drang seen in the middle of the week, trading levels somehow managed to hit today's 3pm close almost perfectly in line with Monday morning's levels. As expected, Monday and Friday were relative n..[read more]

Mortgage Rates Slightly Lower to End Week
Fri, 17 Feb 2017 20:13:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower for a 2nd straight day. This helps undo virtually all of the damage done by the first 3 days of the week. In other words, today's rates are right in line with last Friday's after having been no..[read more]

GSE Profits Put Taxpayers More Than $78 bln Ahead
Fri, 17 Feb 2017 19:21:50 GMT

Posted To: MND NewsWireFannie Mae and Freddie Mac (the GSEs) each reported positive financial results for the fourth quarter of 2016. The two have posted nearly uninterrupted quarterly profits, (Freddie Mac had a net loss of $354 million in the first..[read more]

Product, Appraisal News; Upcoming Events; FHA/NHF/Sapphire Drama; SoFi, Altisource, Blackstone
Fri, 17 Feb 2017 15:31:45 GMT

Posted To: Pipeline PressIn lender and regulator news, SoFi (Social Finance) is reportedly close to raising $500 million in fresh funds from an investor group led by Silver Lake & SoftBank. Bloomberg reported that during an earnings call this week Bl..[read more]

17 Percent of Consumers Unaware That Mortgages Involve Closing Costs
Fri, 17 Feb 2017 14:40:03 GMT

Posted To: MND NewsWireDespite the regulations imposed by the Truth-in-Lending/RESPA Integrated Disclosure (TRID) rules and disclosure forms in October 2015, some homebuyers still say their final closing costs caught them by surprise . Some appear to..[read more]

NAR Releases New Measure of Affordability
Fri, 17 Feb 2017 14:30:42 GMT

Posted To: MND NewsWireThe National Association of Realtors ® and on-line real estate marketplace have unveiled a new housing affordability model . The model uses data on mortgages, state-level income information, and real estate listings to deri..[read more]

Lower FICO Scores - A Harbinger of Hope?
Fri, 17 Feb 2017 13:56:54 GMT

Posted To: MND NewsWireWhat is that cloud of dust in the distance? Is it a bird, a plane? We mix our popular culture references, but maybe it is a faint signal of approaching looser lending standards. Ellie Mae's Origination Insight Report for Januar..[read more]

MBS Day Ahead: Bonds Favor Range-Bound Neutrality Ahead of 3-Day Weekend
Fri, 17 Feb 2017 13:39:56 GMT

Posted To: MBS CommentaryIt's a real dud of a day in terms of excitement on the event/econ calendar. There are no significant economic reports and no potentially market-moving Fed speeches (Mester speaks at 8pm--too late to move markets--not to m..[read more]

MBS RECAP: Bonds Bounce Back, But Why?
Thu, 16 Feb 2017 22:38:14 GMT

Posted To: MBS CommentaryAs far as bond market rallies go, today's was one of the most mysterious in recent memory. Several conclusions will have to be jumped to in order to assign any semblance of causality. One of the best, simplest arguments f..[read more]

Mortgage Rates Finally Find Some Traction
Thu, 16 Feb 2017 21:51:00 GMT

Posted To: Mortgage Rate WatchAfter spending the past 5 business days moving higher, mortgage rates finally found their footing today. The improvement came in phases, with today's first round of rate sheets only marginally better than yesterday's. Bo..[read more]

Building Permits Approaching Post-Meltdown Highs
Thu, 16 Feb 2017 14:53:31 GMT

Posted To: MND NewsWireResults from this morning's residential construction report from the U.S. Census Bureau and the Department of Housing and Urban Development were mixed . Construction permits made a strong showing while housing starts were down,..[read more]

Do You Have the Right Homeowners' Insurance?
Thu, 16 Feb 2017 14:53:00 GMT

Posted To: MND NewsWireMost mortgages contain a requirement that the collateral property carry adequate insurance to cover repayment of the mortgage in the event of a loss. However, Edward Martinez, a technical trainer in CoreLogic's Insurance & Spat..[read more]

Merger Mania: PHH, G-Rate, LenderLive and More; FHA/VA Changes
Thu, 16 Feb 2017 14:38:00 GMT

Posted To: Pipeline PressBank of America has opened 3 completely automated branches without any employees. Customers can use ATMs or have video conferences with employees at other branches, and the branches are about 25% the size of a normal branch. ..[read more]

MBS Day Ahead: Longer-Term Bonds Trying to Resist
Thu, 16 Feb 2017 13:31:31 GMT

Posted To: MBS CommentaryToday begins with another glut of economic data at 8:30am, although it's fairly tame compared to yesterday's CPI/Retail Sales duo. Housing Starts are expected to come in at 1.222 mln after last month's 1.226 mln r..[read more]

MBS RECAP: Trend Remains Unfriendly, but Bonds Find Support
Wed, 15 Feb 2017 22:19:41 GMT

Posted To: MBS CommentaryWhen it comes to the most simplistic charts of bond market trends, there are two "bad things" that rates could do in the current context. One of the two bad things happened today. 10yr yields broke above the upper boundary of..[read more]

Mortgage Rates Approach 3-Week Highs
Wed, 15 Feb 2017 21:29:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose for the 5th day in a row following a higher reading in this morning's inflation data and an upbeat Retail Sales report. In general, stronger economic data and higher inflation motivate investors to mo..[read more]

Delinquencies Rose in Fourth Quarter, Foreclosure Stats Improve
Wed, 15 Feb 2017 18:47:52 GMT

Posted To: MND NewsWireMortgage delinquencies had their first fourth quarter uptick since 2013, the Mortgage Bankers Association (MBA) said on Wednesday. Its quarterly National Delinquency Survey put the delinquency rate, loans that are at least one ..[read more]

Builder Confidence Leveling-Off as Buyer Traffic Wanes
Wed, 15 Feb 2017 15:36:55 GMT

Posted To: MND NewsWireBuilder confidence in the market for single family homes slid 2 points again in February to a score of 65 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The index had backed off two ..[read more]

Vendor and MI News; Fannie/Freddie in the Markets; Refis Down to 2009 Levels
Wed, 15 Feb 2017 14:56:47 GMT

Posted To: Pipeline Press“The flat earth society has members all around the globe.” Speaking of orbs, while global wealth totals $255 trillion , the median wealth of all 4.8 billion global adults is just $2,222 ; the average is $52,819. E..[read more]

Refinancing Share Sputters to 8-Year Low, ARMs Revive
Wed, 15 Feb 2017 13:44:50 GMT

Posted To: MND NewsWireApplications for both purchase and refinance mortgages declined during the week ended February 10 compared to activity a week earlier. The Mortgage Bankers Association said its Market Composite Index, a measure of applications ..[read more]

MBS Day Ahead: Bonds Look to Defend The Line Amid Data and More Fed-Speak
Wed, 15 Feb 2017 13:33:14 GMT

Posted To: MBS CommentaryFed Chair Yellen takes the hot-seat at Congress for a 2nd day today, but this time in front of the always-cheerful and relentlessly intelligent folks at the House Financial Services Committee. Not that yesterday's Senate ..[read more]

MBS RECAP: Bonds Take Yellen's Meaning, Even if She Didn't Offer
Tue, 14 Feb 2017 22:22:38 GMT

Posted To: MBS CommentaryBond markets (and markets in general) periodically experience an interesting phenomenon whereby traders are determined to make one of two bets following an anticipated piece of news. This is most often seen in the reaction to..[read more]

Losing Streak Continues for Mortgage Rates
Tue, 14 Feb 2017 21:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher for the 4th straight day today, following Fed Chair Janet Yellen's congressional testimony. It wasn't that Yellen's speech or Q&A contained any major surprises. Rather, bond markets (which dic..[read more]

Housing Distress Measures Continue Double Digit Declines
Tue, 14 Feb 2017 19:55:50 GMT

Posted To: MND NewsWireBoth the size of the foreclosure inventory and the number of foreclosures completed declined by large percentages from December 2015 to December 2016. CoreLogic, in its monthly National Foreclosure Report, puts the number of co..[read more]

Realtors Say It's a Dog's World
Tue, 14 Feb 2017 19:42:16 GMT

Posted To: MND NewsWireNo one asks for their employment verification or computes their debt-to-income ratio. Yet, when it comes to buying, selling, or renovating a home the family fur baby apparently plays an important role in the process. The Nation..[read more]

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