Legacy Group
fax 870-779-8444

Real Estate News
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]

Cobalt, Stearns, Caliber...M&A Rolls On - Is The Consumer Better Off?
Thu, 18 Sep 2014 14:59:24 GMT

Posted To: Pipeline PressPeter Drucker opined, "Management is doing things right; leadership is doing the right things." The Federal Reserve sure wants banks that lend money (and, besides those for food or bodily fluids, which ones don't?) to do thin..[read more]

MBS Day Ahead: Wide Range of Possibilities With Fed Out of The Way
Thu, 18 Sep 2014 11:32:03 GMT

Posted To: MBS CommentaryWith the Fed-related events out of the way, we'll finally get to see how much they mattered. Yesterday's initial market reaction--while negative--was anything but conclusive . The most important observation in that re..[read more]

Mortgage Rates at 1.5 Month Highs After Fed
Wed, 17 Sep 2014 21:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher at a moderate pace today after the Fed reiterated their intentions regarding the gradual tightening of monetary policy. That policy has been one of the key factors in historically low mortgage..[read more]

MBS RECAP: Stronger Start Followed by FOMC Sell-Off Leaves MBS Only Slightly Weaker
Wed, 17 Sep 2014 21:19:37 GMT

Posted To: MBS CommentaryAs far as Fed days go, this one was pretty tame. That's especially true if we consider the amount of hype and anxiety associated with this particular Fed day. The total gap between highs and lows in Fannie 3.5 MBS was jus..[read more]

Differences Between Past and Current FOMC Statements
Wed, 17 Sep 2014 18:03:00 GMT

Posted To: MBS CommentaryUnderline indicates additional text that is new, strikethru indicates deleted text that was no longer present. Release Date: July 30, September 17, 2014 For immediate release Information received since the Federal Open Market..[read more]

MBS MID-DAY: Bond Markets Play it Safe Ahead of FOMC Events
Wed, 17 Sep 2014 16:35:46 GMT

Posted To: MBS CommentaryBond markets were slightly stronger again overnight but in the context of the past few weeks, we're essentially flat for the past 3 days. This consolidative 'leveling-off' was reinforced mid-morning as bond market..[read more]

Builder Confidence at near Nine Year High
Wed, 17 Sep 2014 15:33:41 GMT

Posted To: MND NewsWireA four point jump in September has taken the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) to its highest reading since November of 2005. The increase, the fourth in as many months, elevate..[read more]

Eminent Domain Update; GMFS/ZAIS/HF2 Combination; Virginia Lawsuit; New Penn's Non-QM Fact Sheet
Wed, 17 Sep 2014 15:00:47 GMT

Posted To: Pipeline PressWant some numbers that none of us will remember, but that are indicative of demographic trends that won't help lending? In 2010, households headed by those under age 35, the Millennials, had median income of $37,600, now it's..[read more]

Mortgage Applications Rebound, Offsets Labor Day Losses
Wed, 17 Sep 2014 13:17:42 GMT

Posted To: MND NewsWireThe week ended September 12 saw the losses in application volume which occurred during the previous week which was shortened by the Labor Day holiday mostly reversed. Mortgage application volume increased in most categories by ..[read more]

MBS Day Ahead: Good Chance That Today is Crazy no Matter What the Fed Does
Wed, 17 Sep 2014 11:24:03 GMT

Posted To: MBS CommentaryToday brings the biggest set of events in weeks, perhaps months. Starting at 2pm, the FOMC (aka "the Fed") releases it's official policy statement and economic projections. Then at 2:30pm, Fed Chair Yellen conducts one of..[read more]

MBS RECAP: Strong Start, Weaker Finish, Still Waiting for FOMC
Tue, 16 Sep 2014 20:30:06 GMT

Posted To: MBS CommentaryBond markets had their ups and downs today, but ultimately, none of it really matters in the bigger picture. Whether we look at where trading levels have been over the past two weeks or where they could go after tomorrow'..[read more]

Housing Market Implications of Millennials Moving Out
Tue, 16 Sep 2014 20:08:32 GMT

Posted To: MND NewsWireAs the U.S. economy improves and adds jobs, younger Americans-millennials-are slowly starting to move out from their parents' basements , where a record number of them have been living for the past few years. They're not buying..[read more]

Mortgage Rates Improve Modestly Before Important Fed Announcement
Tue, 16 Sep 2014 19:12:00 GMT

Posted To: Mortgage Rate WatchMortgage rates experienced their first genuine improvement of the month today. The gains were nothing if not very small, but they ended an uncommonly long 11 business day streak of sideways to higher rates. 4.25% remains..[read more]

MBS MID-DAY: Tentatively Holding Gains After Morning Weakness
Tue, 16 Sep 2014 16:18:44 GMT

Posted To: MBS CommentaryIt's generally been another uneventful day in the shadow of tomorrow's FOMC events. There just hasn't been anything on the calendar or any unscheduled market event that can compete with the big impact expected fro..[read more]

SEC Probe of Bankrate; AmeriSave & CertusBank; Impac, Macquarie, and Non-QM
Tue, 16 Sep 2014 14:43:15 GMT

Posted To: Pipeline PressHow can we move forward as an industry when we can't even agree on how to pronounce the acronym for Truth-in-Lending? I have heard "TILA" pronounced "tee-luh" and also pronounced "till-uh." Not only that, but I have seen "RES..[read more]

MBS Day Ahead: Today Suffers From One Major Issue: It's Not Tomorrow
Tue, 16 Sep 2014 11:33:22 GMT

Posted To: MBS CommentaryWhat are we even supposed to do with today? Whether from the standpoint of market participant or market watcher, there's precious little to care about today when we all know it's tomorrow that determines the next big ..[read more]

MBS RECAP: Technically Positive, but Might as well have been a Holiday
Mon, 15 Sep 2014 20:49:59 GMT

Posted To: MBS CommentaryJapan was out for a holiday today and US markets might as well have been. Apart from the first few minutes of the domestic session, today was one of the calmest days in terms of volatility in recent memory. From 8:30am on, Fa..[read more]

Mortgage Rates Hold Steady; Volatility Ahead
Mon, 15 Sep 2014 20:22:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold steady today, which matches the very best performance of any other day in September. In other words, rates have either been flat or higher every day for the past 11 days. As we discussed la..[read more]

Homeownership Slump Drives Rental Construction to 25 Year High
Mon, 15 Sep 2014 18:19:13 GMT

Posted To: MND NewsWireMuch has been made lately over the propensity of so-called millennials, the demographic cohort which is now between 18 and 34 years of age, to forgo homeownership. In its September Public Outlook Freddie Mac points out that thi..[read more]

Potential Home Buyers Sidelined by Misconceptions
Mon, 15 Sep 2014 16:15:00 GMT

Posted To: MND NewsWireLack of knowledge and misinformation may be discouraging Americans from buying a home according to a recent survey sponsored by Wells Fargo &Company. The survey, conducted in June by Ipsos Public Affairs, found that many prospe..[read more]

 © 2014 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design