Legacy Group
870-779-8000
fax 870-779-8444
info@texarkanalegacygroup.com




Real Estate News
MBS RECAP: Sharply Sideways Day for Bond Markets
Wed, 16 Apr 2014 19:17:42 GMT

Posted To: MBS CommentaryAs of the 3pm Treasury pit close (the unofficial end of the day for bond markets), little, if anything has changed from this morning. Despite having a wide variety of potential market movers in play, bond markets instead saw ..[read more]

Mortgage Rates Slightly Higher, but Remain Near Recent Lows
Wed, 16 Apr 2014 17:43:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly highe r today as investors continued to pull back from yesterday's geopolitically motivated buying spree. Tensions in Ukraine had created a short term spike in demand for fixed income securit..[read more]

No Big Spring Bounce for Housing Starts
Wed, 16 Apr 2014 16:10:51 GMT

Posted To: MND NewsWireTwo of the three measures of residential construction activity used by the Census Bureau fell slightly in March. Fewer permits were issued and fewer homes reached completion than in February while housing starts rose slightly. ..[read more]

MBS MID-DAY: Grinding Back Toward Unchanged Amid Lack of Inspiration
Wed, 16 Apr 2014 16:03:53 GMT

Posted To: MBS CommentaryBond markets started the day in weaker territory after stronger economic data out of China and follow-through on yesterday's bounce (bonds had rallied on Ukraine headlines and bounced back toward weaker levels when the he..[read more]

Business vs Consumer Purposes; Wells and Chase Numbers Reflect Industry Trends
Wed, 16 Apr 2014 14:07:14 GMT

Posted To: Pipeline PressWhat happened yesterday? Donald Rumsfeld (remember him?) sent his annual letter to the IRS , telling the agency that, because of the complexity of the tax code, he has no idea if he paid his taxes correctly. AmeriSave Wholesa..[read more]

MBS Day Ahead: Wide Variety of Potential Motivations and a Retracement Primer
Wed, 16 Apr 2014 13:23:00 GMT

Posted To: MBS CommentaryWith the resurgence of geopolitical risk as a market mover yesterday (Ukraine headlines caused a big mid-day bond rally), there will be a wide variety of potential inspiration for the next move. On the list are: Economic Data..[read more]

Surge in Federal Home Loan Bank Borrowing by 4 Biggest Banks
Wed, 16 Apr 2014 13:20:03 GMT

Posted To: MND NewsWireUse of secured loans or advances from the 12 Federal Home Loan Banks (FHLBanks) by their four largest members has surged over the last two years. The primary mission of the FHLBanks is to support housing finance and they do so ..[read more]

Mortgage Applications Reverse 5 Week Slide
Wed, 16 Apr 2014 11:00:00 GMT

Posted To: MND NewsWireMortgage applications reversed a five week slide during the week ended April 11 as applications for both purchasing and refinancing increased from levels the previous week. The Mortgage Bankers Association (MBA) reported this m..[read more]

MBS RECAP: Bond Markets Try to Hold Gains After Ukraine-Inspired Rally
Tue, 15 Apr 2014 19:44:11 GMT

Posted To: MBS CommentaryFor all the possibilities, today ended up being both surprising and straightforward for bond markets. The surprise was that Ukraine headlines turned out to be the biggest market mover as they introduced a new level of physica..[read more]

Mortgage Rates Hold Ground After Ukraine Headlines
Tue, 15 Apr 2014 19:05:00 GMT

Posted To: Mortgage Rate WatchMortgage rates started the day in weaker territory, continuing higher for a second straight morning. Just after 10am, headlines regarding violence in Ukraine sent stocks lower and provided demand for fixed-income. The mo..[read more]

MBS MID-DAY: Bond Markets in Rally Mode After Visit From Old Friend
Tue, 15 Apr 2014 16:03:56 GMT

Posted To: MBS CommentaryGeopolitical risk is an old friend to bond markets. When prospects for awful things flare up at home and abroad, money tends to flow out of stocks and into bonds. That's been the case so far today as Treasury yields and s..[read more]

No Spring Breakout as Builder Confidence Stalls
Tue, 15 Apr 2014 15:45:21 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose to 47 this month, indicating a slight improvement in the confidence of home builders in the market for new single family homes. At the..[read more]

New Home Applications Up in March
Tue, 15 Apr 2014 14:49:57 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) estimated today that there was a 15 percent increase in applications for new home purchases in March compared to February even as the annual pace of new home sales eased. MBA's Builder App..[read more]

Consumer Expectations Rise Slightly Along with Inflation Fears
Tue, 15 Apr 2014 14:45:39 GMT

Posted To: MND NewsWireAnother survey has found a slight overall improvement in consumer attitudes toward the economy. The New York Federal Reserve Bank said that its monthly Survey of Consumer Expectations (SEC) for March showed increasingly positiv..[read more]

Mortgage and Bank M&A; Ellie's Announcement; United Wholesale Rolls Out Non-QM
Tue, 15 Apr 2014 13:46:16 GMT

Posted To: Pipeline PressDon't forget: the bond markets close early on Thursday , and are closed entirely Friday. LOs know that any lender taking locks will price conservatively. But today it is business as usual, although being April 15 th retailers..[read more]

MBS Day Ahead: 2nd Chance to Fight Off Weakness; Economic Data Continues
Tue, 15 Apr 2014 11:56:05 GMT

Posted To: MBS CommentaryFinancial securities have a tendency to alternate between periods of movement and consolidation. Obviously, if something isn't moving higher or lower, then it's sideways. What isn't always obvious (in many cases, ..[read more]

MBS RECAP: Moderate but Persistent Weakness After Retail Sales
Mon, 14 Apr 2014 20:00:23 GMT

Posted To: MBS CommentaryNothing has changed from the Mid-Day Commentary , as MBS continue bouncing along the same lows that offered support earlier this morning. Treasuries have also been contained by their weakest levels of the day. Neither has sol..[read more]

Mortgage Rates Snap 7 Day Winning Streak
Mon, 14 Apr 2014 19:23:00 GMT

Posted To: Mortgage Rate WatchMortgage rates finally ended a move lower that began 7 business days earlier on April 3rd. The biggest movement during that time was the Employment Situation data on April 4th. While those jobs numbers were actually dece..[read more]

Tax Time Do's and Don'ts For a Smoother Mortgage Process
Mon, 14 Apr 2014 17:36:16 GMT

Posted To: Community CommentaryHere's a special Tax Time edition of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in the mortgage process. In case it needs to be said, the "Don'ts" are strictly for ..[read more]

MBS MID-DAY: Technical Resistance and Stronger Data Hurting Bond Markets
Mon, 14 Apr 2014 15:45:02 GMT

Posted To: MBS CommentaryComing into the week, there were some technical considerations regarding the recent losing streak in stocks and winning streak in bonds. These serve as a backdrop for this morning's economic data and resulting market move..[read more]

Owning Stock in the Agencies; FHA's HAWK Program; ABA Lending Survey Results
Mon, 14 Apr 2014 13:03:59 GMT

Posted To: Pipeline PressCertainly many statistics are showing us that things continue to pick up. But is the economy doing as well as the Fed thinks it is? If it is, the improvement is certainly not evident in the traditional sense, and the gap betw..[read more]

MBS Week Ahead: Economic Data in Focus on Holiday-Shortened Week
Mon, 14 Apr 2014 11:45:04 GMT

Posted To: MBS CommentaryCertainly the past 6 trading days (NFP Friday and every day thereafter) have been strong for bond markets and weak for stocks. The connection between the two has been fairly strong as well, in that stocks are rising and falli..[read more]

MBS RECAP: Steady At Slightly Stronger Levels All Day
Fri, 11 Apr 2014 19:22:50 GMT

Posted To: MBS CommentaryEven after moving across the 3pm close of Treasury Pit trading at the CME, bond markets have continued to hold inside the same narrow, sideways range that has contained all the day's trading. In the case of MBS, prices ha..[read more]

Mortgage Rates Hold Solid Gains
Fri, 11 Apr 2014 18:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold on to yesterday's big improvements as markets held very steady by comparison today. If there's a slight bias, it's positive for bond markets, resulting in most lenders moving to just slight..[read more]

'Hope Now' Nears 7 Million Modifications
Fri, 11 Apr 2014 17:58:04 GMT

Posted To: MND NewsWireHOPE Now, founded in 2007 as an early response to the growing threat of foreclosures, continues to negotiate loan modifications in double-digit numbers for distressed homeowners. The voluntary, private sector alliance made up o..[read more]

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