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Real Estate News
MBS RECAP: Jobs Report Delivers on Promise of Volatility; What's the Return Policy?
Fri, 06 Mar 2015 23:16:13 GMT

Posted To: MBS CommentaryWe've been tracking a package from the BLS and new it was getting close as of Wednesday morning's major focus on employment metrics. Today we heard the proverbial " doorbell, thud, and rumble of the diesel engine rest..[read more]

Mortgage Rates Destroyed (Relatively) by Another Strong Jobs Report
Fri, 06 Mar 2015 21:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were more or less obliterated today. Of course, everything's relative, so the obliteration is only relative to the average day of rate movement. In that regard, today's movement was about as sharp as it ge..[read more]

Report ties Property Taxes to more than Home Value
Fri, 06 Mar 2015 20:42:47 GMT

Posted To: MND NewsWireIt seems that taxes on real property reflect not only the value of the property itself, but also how long the owner has held title. That was one finding of a study released this week by RealtyTrac, which it called its 'first-ev..[read more]

MBS MID-DAY: Jobs Report Crushes Bond Market's Spirit; Pain Trade For Dip-Buyers
Fri, 06 Mar 2015 17:32:47 GMT

Posted To: MBS CommentaryWhat is a dip-buyer? That's just a fancy term for an investor who has seen prices fall far enough to entice them to buy in the hopes of a bounce. It's like catching the proverbial falling knife. Sometimes it works out..[read more]

Jumbo News in Primary, Secondary and The Securitization Markets
Fri, 06 Mar 2015 16:04:39 GMT

Posted To: Pipeline PressDaylight Savings commences for many parts of the U.S. dark and early Sunday morning. For many this means spring is around the corner, with improved weather and the nearing of the "home buying season" which kind of coincides w..[read more]

MBS Day Ahead: Suddenly, NFP Matters Again. Maybe This Chart Explains Why
Fri, 06 Mar 2015 12:34:05 GMT

Posted To: MBS CommentaryFor nearly a year, NFP hadn't mattered . That is to say, it ceased filling it's usual role as big-picture guidance giver. It was no longer setting the tone for entire months of trading, and in many cases, it's obv..[read more]

MBS RECAP: Bond Markets Generally Flat for Past 3 Days; NFP Tomorrow
Thu, 05 Mar 2015 21:46:17 GMT

Posted To: MBS CommentaryToday's ECB press conference and QE details were indeed a hotly anticipated item, and they caused quite a stir for European bond markets (right where you'd expect). But unlike we might expect from recent correlation, ..[read more]

Single Fannie/Freddie Security Details Coming Soon - FHFA
Thu, 05 Mar 2015 21:38:18 GMT

Posted To: MND NewsWireIn a speech on Thursday the director of the Federal Housing Finance Agency (FHFA) emphasized one of the three familiar goals of his agency's 2015 scorecard for the conservatorship of Fannie Mae and Freddie Mac. Melvin L. Watts ..[read more]

Mortgage Rates Flat for 2nd Day; Jobs Report Looms Large
Thu, 05 Mar 2015 20:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held almost perfectly flat for the 2nd day in a row, despite market volatility caused by overseas events. The European Central Bank (ECB) announced details of it's quantitative easing program today, and EC..[read more]

MBS MID-DAY: Bonds Hold Ground in Volatile Trading as Europe Rallies on QE Details
Thu, 05 Mar 2015 18:20:52 GMT

Posted To: MBS CommentaryRelative to its potential, today's release of ECB QE details turned out to inspire only modest volatility. Compared to an average day, however, the swings have been sharper and more frequent. The overnight session was une..[read more]

Mortgage Credit Availability Boosted by Jumbos and 97LTV
Thu, 05 Mar 2015 15:56:23 GMT

Posted To: MND NewsWireEven though implementation of the Freddie Mac portion of the new 97 percent conventional loan program is still weeks away the program appears to be having an impact on credit availability. The Mortgage Bankers Association (MBA)..[read more]

Basel III Update; Training and Events; M&A Continues; Lending Standards and Credit Risk in 2015
Thu, 05 Mar 2015 15:49:03 GMT

Posted To: Pipeline PressAt this time of year mortgage bankers everywhere are asking the same critical question: "Is it acceptable to make an entire lunch out of Girl Scout Cookies?" (The answer, of course, is yes, and rests on creating a wholesome m..[read more]

MBS Day Ahead: ECB Detailing QE Today; NFP Tomorrow; Plenty for Bonds to Consider
Thu, 05 Mar 2015 12:32:42 GMT

Posted To: MBS CommentaryWhen the ECB (European Central Bank) officially announced quantitative easing in January, they were pretty light on the details. At least that's true relative to what markets have come to expect based the ECB's previo..[read more]

Mortgage Rates Pause Ahead of Big Events
Wed, 04 Mar 2015 21:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates paused today after moving swiftly higher over the past two days. Markets reacted to two important pieces of data this morning, ADP Employment and the ISM Services Index. Both of these are regarded as relev..[read more]

MBS RECAP: Bonds Opt to Hold Ground After Morning Data Volatility
Wed, 04 Mar 2015 21:45:43 GMT

Posted To: MBS CommentaryYesterday afternoon's latest levels in 10yr yields were right around 2.13. This morning's pre-data highs (just before 7am) were also right around 2.13. And after the data imparted it's volatile spin on trading lev..[read more]

MBS MID-DAY: NFP Anxiety Keeping Bond Markets Defensive
Wed, 04 Mar 2015 17:39:41 GMT

Posted To: MBS CommentaryThis morning's trading has been refreshingly straightforward. In fact, it's about as straightforward as it gets. Bond markets are clearly quite focused on Friday's NFP results, and reacted to today's economic ..[read more]

ALTA Offers Advice to CFPB and Points out Major Problem with Disclosure Forms
Wed, 04 Mar 2015 14:45:00 GMT

Posted To: Pipeline PressNothing ruins your Friday like realizing it is only Wednesday! I lose track of what we're celebrating this month: I was all geared up for the Irish, but the Census Bureau reminds us that it is Women's History Month. A good th..[read more]

Lower Rates did little for Mortgage Application Volume
Wed, 04 Mar 2015 14:12:54 GMT

Posted To: MND NewsWireMortgage applications were mixed and largely flat during the week ended February 27. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, increased 0.1 percent on a seasonally adjus..[read more]

MBS Day Ahead: Not Without Hope, But Defensiveness Makes Sense
Wed, 04 Mar 2015 12:01:00 GMT

Posted To: MBS CommentaryYou might have detected a more bearish tone in my opening thoughts for March, titled: Refocusing on Data as March Begins . If you didn't read that, or don't care to, the gist is that much has recently changed in terms of the ..[read more]

MBS RECAP: Bonds Remain on the Ropes Ahead of Big-Ticket Events
Tue, 03 Mar 2015 21:26:25 GMT

Posted To: MBS CommentaryBonds sold off again today amid a total absence of economic data and meaningful headlines. Tradeflows were left in control and the biggest consideration continues to be the corporate bond market. After another massive deal ca..[read more]

Mortgage Rates Remain Under Pressure; More Volatility Ahead
Tue, 03 Mar 2015 20:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved convincingly higher for the second straight day, bringing them back near the highest levels of 2015. Rates are dictated primarily by bond market trading, and traders are currently in a defensive stan..[read more]

CoreLogic sees Continued "Strong and Progressive Uptick in Prices"
Tue, 03 Mar 2015 19:34:56 GMT

Posted To: MND NewsWireHome prices, including sales of distressed properties, continued to appreciate on both an annual and a monthly basis in January. CoreLogic said that its Home Price Index including sales of foreclosed property and short sales, i..[read more]

Vacancies up, Rents Moderate, but 2015 still Looks Solid for Multifamily
Tue, 03 Mar 2015 19:04:09 GMT

Posted To: MND NewsWireThe multifamily market outperformed many predictions in 2014; vacancy levels, despite a flood of new properties, declined by 10 basis points from 2013 to a 13-year low of 4.2 percent. Revenue per unit rose, continuing the patte..[read more]

MBS MID-DAY: Quiet Morning So Far; Corporate Bonds Still in Control
Tue, 03 Mar 2015 17:38:48 GMT

Posted To: MBS CommentaryAnyone who's not talking about this week's rate movements in the context of the big Actavis corporate bond offering is missing the point . It was yesterday's biggest trading motivation and it continues to guide th..[read more]

LO Comp Plan Survey; Recent Secondary Market Developments, Including Non-Performing Loan Sales
Tue, 03 Mar 2015 15:52:22 GMT

Posted To: Pipeline PressIrish-American Heritage is celebrated throughout the month of March and St. Patrick's Day is on March 17 th . Once again our Census Bureau has its finger on the numbers pulse. In 2013, there were 33.3 million residents in the..[read more]

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