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Real Estate News
Managing Risk in High LTV Loans
Wed, 02 Sep 2015 22:48:31 GMT

Posted To: MND NewsWireIn addition to its usual recap of economic and housing indicators and future projections this week's edition of Freddie Mac's Insights and Outlook sought to put any potential risk of its the new 97 percent mortgages in context...[read more]

Mortgage Rates Still Waiting for Bigger News
Wed, 02 Sep 2015 21:53:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were almost flat again today . Most lenders were just a hair higher in costs vs yesterday. The most prevalent conventional 30yr fixed quote remains 4.0% for top tier scenarios, but 3.875% is still availabl..[read more]

MBS RECAP: Markets Increasingly Jumpy as Bigger Data Approaches
Wed, 02 Sep 2015 21:52:43 GMT

Posted To: MBS CommentaryAnother swing and another miss for today's economic data. It had an opportunity to kick start what stands a good chance to be a fairly big move in multiple markets. At the heart of that potential volatility is the Fed--pa..[read more]

MBS MID-DAY: Consolidation in Full Effect as ADP Abstains
Wed, 02 Sep 2015 15:22:03 GMT

Posted To: MBS CommentaryBy coming in at 190k vs a median forecast of 201k, today's ADP Employment data essentially abstained from strong comment on Friday's NFP. Because of the strategic importance of Friday's NFP, today's ADP theref..[read more]

Analyst's Take on Stonegate; Lots of TRID Resources; Logos on Home Tool Kit?
Wed, 02 Sep 2015 14:36:24 GMT

Posted To: Pipeline PressWells Fargo Funding's clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement process . "On January 22 the Federal Bureau of Investigation issued a Public Ser..[read more]

Global Uncertainty said Behind Busy Mortgage Week
Wed, 02 Sep 2015 12:39:03 GMT

Posted To: MND NewsWireLast week was the strongest one on a relative basis for mortgage applications in quite some time. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a measure of application volume rose 11.3 percent on..[read more]

MBS Day Ahead: More Focus Than Normal on ADP
Wed, 02 Sep 2015 12:13:06 GMT

Posted To: MBS CommentaryLet's consider some facts. Not only did most of August see rates converging on the same micro range as yesterday (discussed in Day Ahead ), but there are even longer-term converging on the same area (chart follows). Add t..[read more]

Mortgage Rates Fairly Steady; Volatility Still Looming
Tue, 01 Sep 2015 22:39:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Whether or not you see today's rates in better shape vs yesterday depends on how your lender approached yesterday afternoon's quick deterioration in mortgage-backed-securities (the ..[read more]

MBS RECAP: Range Grows Even More Narrow; Bonds End Near Best Levels
Tue, 01 Sep 2015 22:35:05 GMT

Posted To: MBS CommentaryToday was a classic "inside day," meaning that the entire range of trading took place inside yesterday's trading range. As far as domestic hours are concerned, it wasn't even close. 10yr yields continued holding the 2..[read more]

Construction Spending Flat but still Posting YoY Improvement
Tue, 01 Sep 2015 19:01:56 GMT

Posted To: MND NewsWireConstruction spending posted a slight increase in July rising 0.7 percent from the revised June estimate of $1,075.9 billion to a seasonally adjusted annual rate of $1,083.4 billion. The July number was 13.7 percent higher than..[read more]

MBS MID-DAY: Range-Trade Continues With Help From Data
Tue, 01 Sep 2015 16:07:33 GMT

Posted To: MBS CommentaryBond markets started the overnight session in better shape , already bouncing back from yesterday's weak closing levels. Data in China and Japan helped the healing continue for bonds as global equities markets sank. The N..[read more]

Home Prices Stepped up Gains in July
Tue, 01 Sep 2015 13:52:22 GMT

Posted To: MND NewsWireHome prices nationally increased year-over-year at a faster pace in July than they did in June CoreLogic said on Tuesday. The company's Home Price Index (HPI) which includes distressed properties rose 6.9 percent from a year ea..[read more]

Lender Management Changes; BofA and M&T Settlements; Upcoming Training/Events
Tue, 01 Sep 2015 13:34:50 GMT

Posted To: Pipeline PressSlowly but surely the residential lending industry is trying to turn the tide in the public's mind about the home financing process - as noted in this MBA video . And a representative of United Guarantee sent me a note saying..[read more]

MBS Day Ahead: Asia to The Rescue Before ISM Casts Bigger Vote
Tue, 01 Sep 2015 12:50:01 GMT

Posted To: MBS CommentaryUS bond markets have an increasingly clear plan heading into the first 2 weeks of September: trade a narrow, consolidating range, centered on well-traveled inflection points allowing for the flexibility to move in either dire..[read more]

Homebuilders Waiting to See Impact of NLRB Ruling
Mon, 31 Aug 2015 21:22:41 GMT

Posted To: MND NewsWireA ruling last week from the National Labor Relations Board (NLRB) has sent many companies who rely on contract labor into a bit of a panic . While there is one school of thought that says the ruling may impact homebuilding, it ..[read more]

MBS RECAP: Widespread Negative Reprices as Bonds End Month Weaker
Mon, 31 Aug 2015 21:21:00 GMT

Posted To: MBS CommentaryTreasuries went out the 'in' door for the month of August, with today's 3pm levels matching the opening levels from August 3rd (1st trading day of the month). MBS briefly traded near their August 3rd levels, but e..[read more]

Mortgage Rates Rise; Volatility Builds Throughout Week
Mon, 31 Aug 2015 20:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved moderately higher today as bond traders adjusted their holdings for the end of the month. Mortgage rates are dictated by trading levels of mortgage-backed securities (which in turn, tend to move in s..[read more]

MBS MID-DAY: Bonds Give up Gains After Heavy Selling in Europe
Mon, 31 Aug 2015 17:35:53 GMT

Posted To: MBS CommentaryThe day started off well for domestic bond markets as weakness in Asia translated to some safe-haven demand for US Treasuries. At the start of the domestic session, month-end buying was evident. That means that certain trader..[read more]

CFPB news; Hispanic Influence Growing; Care and Training of Millennials; Rents are LOs Friend
Mon, 31 Aug 2015 13:20:02 GMT

Posted To: Pipeline PressDarned if I know how we're at the end of August already, with kids are heading back to school and the NFL all over sports programs. One thing that August had was a ruling in the federal bankruptcy court in the Royal Bank of C..[read more]

MBS Day Ahead: Bonds Continue Seeking Same Middle Ground as Important NFP Approaches
Mon, 31 Aug 2015 12:51:36 GMT

Posted To: MBS CommentaryAmid last week's glut of Fed speeches surrounding the Jackson Hole symposium, Fed Vice Chair Fischer specifically called out "the next two weeks of data" as having a bearing on the Fed's potential September rate hike...[read more]

MBS RECAP: Battle of Fed Speakers Results in Firmer Rate Hike Hints
Fri, 28 Aug 2015 20:44:36 GMT

Posted To: MBS CommentaryI was writing reprice alerts and chatting with the MBS Live community during the time that I'd normally be writing the Mid-Day commentary. By the time I wrote it, everything interesting that was going to happen today had ..[read more]

Mortgage Rates Varied by Lender Thanks to Volatility
Fri, 28 Aug 2015 19:37:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Depending on the lender, effective rates were either slightly higher or lower vs yesterday, with the average lender being just microscopically lower in rate. Keep in mind that the i..[read more]

Realtor "Do's and Don'ts"
Fri, 28 Aug 2015 19:23:42 GMT

Posted To: Community CommentaryWe've previously explored the "Do's and Don'ts" for homebuyers, and uncovered some vital tips that can help or hinder the home buying process. In today's special edition, we examine hints for Realtors, whose actions dur..[read more]

MBA Forecasts Housing Demand Over Next 10 Years
Fri, 28 Aug 2015 19:21:10 GMT

Posted To: MND NewsWireWe have been reading for several years now about two trends that appear troubling for the housing industry - a declining rate of homeownership and a stalled out rate of household formation. The latter has recently begun to reve..[read more]

Renters Largely Satisfied to Remain that way
Fri, 28 Aug 2015 18:52:29 GMT

Posted To: MND NewsWireIt appears that people who are currently renting their homes are not necessarily merely homebuyers in waiting as conventional wisdom has held. Freddie Mac said its recent research shows that 55 percent of renters have no plans ..[read more]

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