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Real Estate News
MBS RECAP: Post-FOMC Correction Continues--Now With Technical Confirmation!
Tue, 23 Sep 2014 21:21:29 GMT

Posted To: MBS CommentaryWhile mortgage rates aren't based on Treasuries, broader bond market trends are much more easily considered in the context of 10yr yields. Those crossed an important level today in closing below 2.555. This is the "line i..[read more]

Mortgage Rates at 2 Week Lows
Tue, 23 Sep 2014 19:45:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were lower for a 3rd straight day, effectively confirming that markets hadn't merely paused for reflection on a determined move to new 2014 highs. For a few days, that was a risk to be weighed as markets p..[read more]

Housing Struggling for Traction Fannie Mae says
Tue, 23 Sep 2014 16:58:58 GMT

Posted To: MND NewsWireFannie Mae's economists are painting a much improved picture for the economy in the coming months with encouraging news in the area of business investment, manufacturing, and business spending on structures. Despite the unexpec..[read more]

Home Price Deceleration Evident in Some Census Regions
Tue, 23 Sep 2014 16:43:27 GMT

Posted To: MND NewsWireHome prices as measured by the Federal Housing Finance Agency (FHFA) eked out another small increase in July, but monthly figures show a definite slowing in the rate of price increases. FHFA's Home Price Index (HPI) rose 0.1 pe..[read more]

MBS MID-DAY: Just When You Thought it Couldn't Get Any More Sideways
Tue, 23 Sep 2014 16:29:19 GMT

Posted To: MBS CommentaryOnce again, bond markets came into the domestic session at slightly stronger levels and have more or less flat-lined. Fannie 3.5s have held inside a 3/32nds range and 10yr yields have gone all morning without stepping outside..[read more]

FHA Changes on Their Way; Servicing on the Move; Upcoming Events
Tue, 23 Sep 2014 14:58:41 GMT

Posted To: Pipeline PressIt would be nice to think that fraud in any industry doesn't exist - but it does. And a story in the Los Angeles Times reminds readers that fraud is still a problem in residential lending. Not only does this industry have to ..[read more]

MBS Day Ahead: Limited Economic Data; More Fed Speakers; Auctions Begin
Tue, 23 Sep 2014 11:25:06 GMT

Posted To: MBS CommentaryI'm not exactly sure why the presence of economic data (or lack thereof) is worthy of a spot in any headlines relating to the day's market outlook. For some, it could be a force of habit as that stuff USED TO matter. ..[read more]

MBS RECAP: Bonds Hold Modest Overnight Gains; Flat Trading All Day
Mon, 22 Sep 2014 21:36:57 GMT

Posted To: MBS CommentaryToday's session ended up being much like last Thursday's in that a narrow trading range persisted all day and never made a convincing attempt to move higher or lower. Unlike last Thursday, however, today's levels ..[read more]

Mortgage Rates Lowest in More Than a Week
Mon, 22 Sep 2014 20:16:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued lower at a moderate pace for a second straight day, raising hopes that markets might be pushing back against the existing September trend. That trend has seen rates move higher at the fastest pac..[read more]

Summit Unveils Ginnie Mae Changes, Policy Deliberations
Mon, 22 Sep 2014 17:23:05 GMT

Posted To: MND NewsWireThe second annual Ginnie Mae Summit opened today in Washington with a keynote speech from the new Secretary of Housing and Urban Development Julian Castro and proceeded with several important announcement from Ginnie Mae Presid..[read more]

MBS MID-DAY: Positive Trend Intact so Far; Minimal Impact From Home Sales Data
Mon, 22 Sep 2014 16:31:07 GMT

Posted To: MBS CommentaryThis morning's Existing Home Sales data was slightly weaker than expected. The annual pace fell to 5.05 mln from 5.15 mln last month. Expectations were for an increase to 5.20 mln. The results were close enough to consens..[read more]

Existing Home Sales Reflect Dwindling Investor Participation
Mon, 22 Sep 2014 15:35:55 GMT

Posted To: MND NewsWireThe investors who kept the real estate market living and breathing through the worst days of the housing crash continue to drift out of the market the National Association of Realtors® (NAR) said on Monday. As a result of t..[read more]

Current State M&A and Why Mortgage Companies, Big and Small, are Moving
Mon, 22 Sep 2014 14:14:02 GMT

Posted To: Pipeline PressI've been hearing it for a while, "the market is slow, and home appreciation is stagnant." But here in South Carolina, for example, many markets are on fire. As Zillow points out in Despite Rising Home Values, Affordability R..[read more]

MBS Week Ahead: Housing Data, Treasury Auctions, Fed Speakers, and GDP
Mon, 22 Sep 2014 11:32:00 GMT

Posted To: MBS CommentaryThis will be a relatively busy week for economic data and scheduled events. No single item stands out as an epic potential market mover, but the team effort looks solid. At stake is the ongoing post-FOMC question: to bounce, ..[read more]

MBS RECAP: Positive Reprices as Bond Markets Breathe Sigh of Relief
Fri, 19 Sep 2014 20:00:47 GMT

Posted To: MBS CommentaryMost of the conceptual analysis of today's action was already covered in the Mid-Day . There were no significant developments into the afternoon, but bond markets continued to rally in linear path. If there had been any a..[read more]

Mortgage Rates Recover Slightly
Fri, 19 Sep 2014 19:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly lower today after hitting the highest levels in more than 4 months yesterday. There were no significant economic events providing guidance today. This actually makes the strength more meanin..[read more]

Lenders Expect Easing in both Mortgage Demand, Credit Standards
Fri, 19 Sep 2014 18:25:58 GMT

Posted To: MND NewsWireIn its latest Mortgage Lender Sentiment Survey Fannie Mae detected an interesting switch in attitudes and opinions in two areas. The third-quarter survey, the third since Fannie Mae originated the series last March, found that ..[read more]

MBS MID-DAY: Back to Pre-FOMC Levels; Here's Why
Fri, 19 Sep 2014 16:52:47 GMT

Posted To: MBS CommentaryBoth MBS and Treasuries are back in line with trading levels from the close of business on Tuesday. Today's gains have been moderate during the domestic session, but border on extreme if we cound the overnight session. Fo..[read more]

Stearns' New Exec; CFPB's Auto Loan News; Upcoming Training and Events
Fri, 19 Sep 2014 14:41:13 GMT

Posted To: Pipeline PressArrgghh... I read in Pirate Quarterly that you could take the entire human population of the earth, put it inside of Texas, and it would still be less crowded than New Yorrrrk City. (So I checked. NYC is 469 square miles, 8.3..[read more]

MBS Day Ahead: Big Picture Considerations for a Data-Free Friday
Fri, 19 Sep 2014 11:34:01 GMT

Posted To: MBS CommentaryYesterday's session was too close to call as far as being a positive or negative epilogue to Wednesday's FOMC day. While it's always positive to not be losing ground in a convincing way, it's pretty negative t..[read more]

MBS RECAP: Bond Markets Fall Eerily Silent Following Fed Day
Thu, 18 Sep 2014 21:01:47 GMT

Posted To: MBS CommentaryToday turned out to be spooky, or at least 'uninformative' from a market-watching standpoint. Here we have an active trading day following a hotly-anticipated FOMC day and trading levels barely budge. Historically, th..[read more]

Mortgage Rates Edge Up to 4-Month Highs
Thu, 18 Sep 2014 19:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates only moved slightly higher today for most lenders. Some lenders were unchanged from yesterday, but on average, rates inched up to match their highest levels since May 1st. There was no significant underlyi..[read more]

FHFA Criticized for Process Leading to Repurchase Changes
Thu, 18 Sep 2014 19:19:39 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) has released an audit critical of the FHFA for decision making leading to changes in the Representation and Warranty Framework for Fannie Mae and..[read more]

Plummeting Housing Starts Data Not as Scary as it Looks
Thu, 18 Sep 2014 19:03:58 GMT

Posted To: MND NewsWireHousing starts 'plummeted' in August the Census Bureau said today, falling 14.4 percent from the revised seasonally adjusted annual rate of 1,117,000 units in July to 956,000 units. The abrupt change, however was driven by a 31..[read more]

MBS MID-DAY: Holding Near Unchanged Levels; Little Regard for Data
Thu, 18 Sep 2014 16:39:14 GMT

Posted To: MBS CommentaryOccasionally the days after FOMC Announcements can can offer more volatility and faster-paced movement than that seen on the day of the announcement. Today is not one of those days. Markets got all dressed up for yesterday an..[read more]

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