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Real Estate News |
MBS Annihilated After Fed Confirms The Hype
Thu, 23 May 2013 00:11:03 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Today was among the worst on record for MBS since the carnage that was late 2010. We still have yet to see anything rival Black Wednesday's, but almost exactly 4 years after that 2+ poi..[read more]
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Why Did Mortgage Rates Skyrocket Past 2013 Highs Today?
Wed, 22 May 2013 22:10:00 GMT
Posted To: Mortgage Rate WatchMortgage rates were utterly destroyed today. Not only did the average rate move above the highest seen in 2013, but rates haven't been this high since May 22nd of 2012! Of course, there's the "everything's relative" pers..[read more]
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House Rejects CFPB Testimony on Qualified Mortgage Rule
Wed, 22 May 2013 19:11:58 GMT
Posted To: MND NewsWireMembers of a House Financial Services subcommittee issued a press release Tuesday afternoon which essentially dismissed testimony heard earlier in the day from two officials of the Consumer Financial Protection Bureau (CFPB) re..[read more]
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Distressed Sales Fall Under 25 Percent in California
Wed, 22 May 2013 19:04:00 GMT
Posted To: MND NewsWireIn April 2012 distressed properties accounted for 45.8 percent of home sales in California the states Association of Realtors® said Wednesday, but last month that share dropped to 24.4 percent and was down 3.5 points compar..[read more]
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Mel Watt Hearings; Current Origination Numbers; Foreclosure Process Slowdown Merely a Hiccup
Wed, 22 May 2013 16:51:10 GMT
Posted To: Pipeline PressYesterday the commentary mentioned a rumored shut down of MGIC's Capital Markets Group . I received this e-mail: "MGIC has indeed reorganized certain, but not all, activities that were previously performed by our Capital Mark..[read more]
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MBS MID-DAY: THIS IS WHY YOU WANT MBS LIVE!
Wed, 22 May 2013 16:41:00 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary If you read this commentary with any sort of frequency, you may have noticed a trend of late, where the mid-day recap has been coming out later than normal. As we've said, this happens wh..[read more]
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Despite Tight Credit and Inventories, Existing Home Sales and Prices Continue Recovery
Wed, 22 May 2013 16:24:00 GMT
Posted To: MND NewsWireExisting home sales remain constrained by limited inventory and tight credit but still managed to eke out a small increase in April the National Association of Realtors® (NAR) said today. Total existing home sales rose 0.6 ..[read more]
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Substantial Decline in Foreclosure Inventory Noted in LPS Report
Wed, 22 May 2013 15:29:58 GMT
Posted To: MND NewsWireLender Processing Services (LPS) has provided its regular advanced release of data from its Mortgage Monitor . This " first look " at April 2013 month-end mortgage performance data will be followed by the full report in early J..[read more]
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Mortgage Applications Fall Sharply as Rates Rise
Wed, 22 May 2013 12:33:37 GMT
Posted To: MND NewsWireA big drop in applications for refinancing dragged the Mortgage Bankers Associations Market Composite Index, a measure of mortgage applications volume , lower during the week ended May 17. The index was down 9.8 percent on a se..[read more]
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The Day Ahead: Has All the Hype Been Remotely Justified?
Wed, 22 May 2013 11:23:00 GMT
Posted To: MBS CommentaryWednesday May 22nd, and we finally get to see what all the fuss is supposedly about . The "fuss" or hype, if you prefer, was theoretically kicked into high gear by a somewhat bungled pre-release ' leak ' of a Hilsenrath story..[read more]
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MBS RECAP: Big Bounce Higher Ahead of Fed
Tue, 21 May 2013 20:28:39 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary In sort of an inverted reading of the recent script, bond markets weakened right out of the gate and began improving at 10am (several notable occasions in May have seen the opposite). F..[read more]
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Mortgage Rates Slightly Lower Ahead of Fed Minutes, Bernanke
Tue, 21 May 2013 19:32:00 GMT
Posted To: Mortgage Rate WatchMortgage rates finally caught a break, moving just slightly lower for only the second time this month. For some, the drop in rates may be too little too late as it still doesn't put much of a dent in the losses suffered ..[read more]
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Most Real Estate Investors in CA Plan on Selling Inside 6 Years
Tue, 21 May 2013 16:51:44 GMT
Posted To: MND NewsWireRecognizing that real estate investors have played a key role in the state's housing market recovery, the California Association of Realtors® (C.A.R.) recently surveyed its members about their interactions with investor cus..[read more]
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MBS MID-DAY: Bond Markets Rallying. Wait... What?
Tue, 21 May 2013 16:10:44 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Like a jilted lover learning how to trust again, MBS were tentative at first, and Treasuries hesitated at 1.97 as they descended from morning weakness, but both have rallied directionally..[read more]
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Freddie's Non-Usage Fees; LO Comp, Land Sales, and Reg. E Tidbits - It's a Compliance World
Tue, 21 May 2013 15:13:08 GMT
Posted To: Pipeline PressIf you're like me and rest your weary eyes each night by reading the Fair Housing Act of 1968, then you don't need to be told that the act " prohibits discrimination in the sale, rental, or financing of dwellings and in other..[read more]
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The Day Ahead: Recent Volatility Might be Logical
Tue, 21 May 2013 10:12:00 GMT
Posted To: MBS CommentaryThere continues to be little to do or say about the first two days of the week. For the most part, they merely serve as a sort of cruel waiting game (or torture rack) ahead of Wednesday's FOMC events. Those events include the..[read more]
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MBS RECAP: Another Hopeful Morning Dashed by Defensive Reality
Mon, 20 May 2013 20:44:10 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Bond markets got in this morning and quickly began undoing some of the damage done by the overnight trading session. Treasuries and MBS both opened flat to slightly stronger and made fu..[read more]
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Mortgage Rates Near 2013 Highs to Start Week
Mon, 20 May 2013 19:56:00 GMT
Posted To: Mortgage Rate WatchMortgage rates continued May's nearly constant trend higher to begin the week, though the pace of increases is slower compared to that seen on Friday. Even so, it brings rates dangerously close to their highest levels of..[read more]
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MBA Highlights Opportunity For Private Capital Risk-Sharing With GSEs
Mon, 20 May 2013 18:53:53 GMT
Posted To: MND NewsWireMaintaining that the conservatorships of Fannie Mae and Freddie Mac (the GSEs) have caused government involvement in the mortgage market to balloon to unhealthy proportions , the Mortgage Bankers Association (MBA) Monday releas..[read more]
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Fannie Forecast Serves up Feast for Housing Recovery Bulls
Mon, 20 May 2013 17:31:58 GMT
Posted To: MND NewsWireFannie Mae's economic and strategic research team today called the housing recovery "undeterred" after it contributed 0.3 percentages points to economic growth in the first quarter. Doug Duncan, Orawin T. Velz, and Brian Hughes..[read more]
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Delinquencies to Decrease Slightly, Price Appreciation Sustainable -FICO Survey
Mon, 20 May 2013 16:49:43 GMT
Posted To: MND NewsWireMost risk professionals who participated in a recent survey believe the status quo is going to prevail when it comes to loan delinquencies over the next six months. In survey conducted in the first quarter by FICO and the Profe..[read more]
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MBS MID-DAY: Morning Gains Give Way to Mid-Day Rout (again)
Mon, 20 May 2013 16:36:02 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Please note the timestamp on the pricing snapshot below, and that it's about an hour and 15 minutes old. The snapshot will continue to be generated between 11:00-11:10am while the MID-DAY..[read more]
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Texas and Reverse Mortgages; More on Possible Ginnie Changes; Upcoming Training
Mon, 20 May 2013 13:32:46 GMT
Posted To: Pipeline PressHere in Austin, at the Texas Mortgage Banker Association's yearly conference, the talk is not so much about the Millennial generation but about how the Texas House of Representatives approved legislation, already approve by T..[read more]
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The Week Ahead: No Scheduled Data Before Wednesday's Important FOMC Minutes
Mon, 20 May 2013 11:53:00 GMT
Posted To: MBS CommentaryWhether or not it turns out to be justified, hype and anticipation have been building over this week's FOMC Minutes for over a week now. The hype concerns the notion that the Fed Minutes will show a Fed board that is somewhat..[read more]
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Consumer Mortgage Choice Act Under Fire From CRL
Fri, 17 May 2013 20:56:00 GMT
Posted To: MND NewsWireThe Center for Responsible Lending (CRL) has released a brief issues paper voicing objections to HR 1077 , The Consumer Mortgage Choice Act. The bill currently sits in the House Financial Services Committee of which its sponsor..[read more]
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