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Real Estate News
Mortgage Rates Perfectly Steady. Next Week Could be Different
Fri, 27 Nov 2015 18:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates did absolutely nothing today. In fact, some lenders were not even open for business today. Those who were, generally made no discernible changes to rate sheets. This is not necessarily a surprise consideri..[read more]

MBS RECAP: Living Up To Every Bit Of The Hype
Fri, 27 Nov 2015 18:54:43 GMT

Posted To: MBS CommentaryBlack Friday is billed as the lightest day of the year for bonds, and today did not disappoint. Fannie 3.5s drifted sideways in a 2 tick range (narrowest of the year) and 10yr yields held a 2bp range for most of the day (not ..[read more]

Judicial Foreclosure Process Hurting More Than Helping
Fri, 27 Nov 2015 18:46:26 GMT

Posted To: MND NewsWireWe noted a few months ago that Freddie Mac's monthly Insights and Outlook had changed in both format and publication schedule and credited those changes to its new chief economist Sean Becketti. Another innovation is their feat..[read more]

Baby Boomers Control Housing Market Fate
Fri, 27 Nov 2015 18:39:25 GMT

Posted To: MND NewsWireSince demographics, Freddie Mac says, drive the housing market, the company's economists focused part of its November Insights and Outlooks on the over age 55 population of homeowners. Sean Becketti, Chief Economist and others ..[read more]

Fannie & Freddie 2016 Loan Limits; Agency Requirements After a Bankruptcy or Foreclosure
Fri, 27 Nov 2015 16:28:30 GMT

Posted To: Pipeline PressThere are 50 states in the U.S., and 3007 counties in those states. (The numbers of counties per state ranges from the 3 in Delaware to 254 in Texas; Louisiana and Alaska have parishes - functionally equivalent.) Out of the 3..[read more]

MBS Day Ahead: Open For a Half Day in Name Only
Fri, 27 Nov 2015 13:49:47 GMT

Posted To: MBS CommentaryWelcome to the slowest day of the year for bond markets. While markets are technically "open" until 2pm Eastern, that only means that the 2 or 3 people who are actually working may trade a bond or two in order to pass the tim..[read more]

MBS RECAP: Curve Trade Keeps MBS Flat Again
Wed, 25 Nov 2015 23:09:27 GMT

Posted To: MBS CommentaryTrading activity was fairly decent in bond markets today--especially considering the seasonal norms, though this is largely a factor of Thanksgiving falling on the 26th. That means that there will only be one more full tradin..[read more]

Mortgage Rates Break Thanksgiving Tradition
Wed, 25 Nov 2015 22:12:00 GMT

Posted To: Mortgage Rate WatchMortgage rates broke from tradition today by maintaining an almost perfectly flat trajectory leading up to Thanksgiving. This time of year is typically marked by lighter participation among the trading community whose tr..[read more]

MBS MID-DAY: Bond Markets Super Sideways, Unfazed by Data and Events
Wed, 25 Nov 2015 18:28:02 GMT

Posted To: MBS CommentaryBond markets have had plenty of would-be market movers thrown in their general direction today. This began in the overnight session with massive moves in shorter term European yields and substantial moves in longer term yield..[read more]

FHFA Announces 2016 Loan Limit Changes
Wed, 25 Nov 2015 18:15:00 GMT

Posted To: MND NewsWireIn short, the general loan limits remain unchanged from 2015's levels, but several high-cost county limits have been increased . As a reminder, Fannie Mae has a useful Loan Limit Look-Up Table which has been revised with 2016's..[read more]

New Home Sales Buoyed by 135 Percent Gain in New England
Wed, 25 Nov 2015 16:53:52 GMT

Posted To: MND NewsWireNew home sales in October reversed their sharp downturn in September and also bucked other recent sales trends, rising by a substantial 10.7 percent. The U.S. Census Bureau and the Department of Housing and Urban Development re..[read more]

Home Prices Continue Defying Gravity and Expectations
Wed, 25 Nov 2015 15:51:27 GMT

Posted To: MND NewsWirePrice increases did not slow in the third quarter as expected the Federal Housing Finance Agency (FHFA) said today. The agencies purchase-only seasonally adjusted House Price Index (HPI) for the quarter shows that prices rose f..[read more]

IT Risk Management; Quicken's Rocket; How Much is a Tiny House in Pittsburgh?
Wed, 25 Nov 2015 15:46:10 GMT

Posted To: Pipeline PressAs a reminder, the FFIEC has released a new version of the IT Management Booklet , available here . The Federal Financial Institutions Examination Council (FFIEC)'s booklet highlights information regarding information technol..[read more]

Mortgage Apps Decline as Rates Remain Elevated
Wed, 25 Nov 2015 13:51:02 GMT

Posted To: MND NewsWireMortgage applications were a bit of a mixed bag during the week ended November 20, a week in a hammock strung between two holidays. The Mortgage Bankers Association said its Market Composite Index, a measure of application acti..[read more]

MBS Day Ahead: In Some Ways, The Last Day of The Month
Wed, 25 Nov 2015 12:56:46 GMT

Posted To: MBS CommentaryIt's the day before before Thanksgiving, and bond markets couldn't be any less interesting if they tried. Have you ever been so enticed to continue reading about bond markets?! Truth be told, there is a somewhat inter..[read more]

MBS RECAP: Bond Markets Trying Very Hard to Look Like They're Not Trying
Tue, 24 Nov 2015 22:39:26 GMT

Posted To: MBS CommentaryThis continues to be one of the most anomalous Thanksgiving weeks in the history of Thanksgiving weeks--at least as far as bond markets are concerned. As a percentage of the recent average, volumes have been higher than they&..[read more]

Mortgage Rates Remaining Eerily Steady Despite Volatile Precedent
Tue, 24 Nov 2015 21:47:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held steady today on average, with a few lenders improving almost imperceptibly. The most prevalently-quoted conventional 30yr fixed rate remains 4.0% with more than a few lenders still up at 4.125%. If th..[read more]

MBS MID-DAY: Nothing Really Matters Despite Small-Scale Drama
Tue, 24 Nov 2015 18:43:35 GMT

Posted To: MBS CommentaryThe only significant development for markets today in terms of news or economic data was the overnight news that Turkey shot down a Russian fighter jet. If that sounds a bit far removed from the world of MBS and mortgage rate..[read more]

Foreclosures Increase; Delinquency Measures Continue to Fall
Tue, 24 Nov 2015 15:55:59 GMT

Posted To: MND NewsWireBlack Knight Financial Service's monthly "first look" at October month-end mortgage performance standards continues to show a steady decline almost all measures of mortgage distress. The company releases summary data from its l..[read more]

Home Prices Continue to Outstrip Inflation
Tue, 24 Nov 2015 15:54:23 GMT

Posted To: MND NewsWireHome prices continue to rise faster than the rate of inflation and the increase speeded up again in September. The S&P/Case-Shiller U.S. National Home Price Index (HPI), recorded a slightly higher year-over-year gain in Septemb..[read more]

Fannie and Freddie Updates, Multifamily News; Zillow and Google Team Up
Tue, 24 Nov 2015 15:45:43 GMT

Posted To: Pipeline PressNonbank online lender CashCall has paid $2 million in restitution and fines to settle California state allegations that the company duped consumers to take out loans larger than $2,500 that are not subject to interest rate ca..[read more]

MBS Day Ahead: Plenty of Data, but Will it Matter?
Tue, 24 Nov 2015 12:34:19 GMT

Posted To: MBS CommentaryAs is often the case on the week of Thanksgiving, the regularly-scheduled economic data continues apace, even if it must be crammed into fewer days than normal. Apart from slight scheduling variations, the biggest question is..[read more]

MBS RECAP: Bonds Maintain Range Amid Holiday-Week Slowness
Mon, 23 Nov 2015 22:36:33 GMT

Posted To: MBS CommentaryTraders punched the clock, made their trades, and went home today. Before the clock-punching, there was the overnight session, in which European bond markets sold off at a fairly healthy pace. German Bunds were 7bps weaker fr..[read more]

Mortgage Rates Slightly Higher
Mon, 23 Nov 2015 21:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose today for most lenders, albeit modestly. In fact, several lenders were unchanged from Friday's latest levels with the rest seeing varying degrees of weakness. In almost all cases, the weakness would b..[read more]

MBS MID-DAY: Sideways and Slightly Positive After Weak Overnight Session
Mon, 23 Nov 2015 18:38:29 GMT

Posted To: MBS CommentaryThe story of today is largely a two-parter, and a fairly simple one at that. Part 1: bonds weaker in Europe. Part 2: bonds stronger in the US. The end. In all seriousness, the day is not much more complicated than this. Bond ..[read more]

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