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




Real Estate News
MBS RECAP: After Fed, Bonds Tune Out Into Weekend
Fri, 23 Sep 2016 19:58:36 GMT

Posted To: MBS CommentaryFor MBS Live members, this recap will largely be a rehash of the day's most recent update which pointed out a consolidative range in force over the past two days. Bond weakened just enough for a small amount of concern ea..[read more]

Mortgage Rates Lowest in Weeks
Fri, 23 Sep 2016 18:38:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks. Rates have now re-entered the narrow "post-Brexit" range that began shortly af..[read more]

August Refi Surge Reflected in Higher Conventional Lending Share
Fri, 23 Sep 2016 14:45:09 GMT

Posted To: MND NewsWireRefinancing jumped to 43 percent of all loans originated in August, a 6 percentage point higher share than in July. Ellie Mae's Origination Insight Report says this takes the refi share back to a level last seen in March. The s..[read more]

Stearns Picks up KB Home JV; Ocwen News; Impact of Prepayments Increasing
Fri, 23 Sep 2016 13:50:42 GMT

Posted To: Pipeline PressWhile the industry is buzzing about how Wells Fargo has unfortunately killed any chance to reform the CFPB (i.e., cutting back its power or structure), and that whoever supposedly prepped Chairman Stumpf for this testimony sh..[read more]

MBS Day Ahead: No Data, and Maybe Even No Drama
Fri, 23 Sep 2016 13:42:40 GMT

Posted To: MBS CommentaryBond markets have been surprisingly calm this week, given what's at stake. 3 weeks ago, we were faced with the new prospect of the European Central Bank potentially lifting its foot off the accelerator of quantitative eas..[read more]

Mortgage Rates Lower as Market Digests Fed
Thu, 22 Sep 2016 20:11:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates made more substantial gains today, after financial markets had more time to react to yesterday's announcement from the Federal Reserve. Although the Fed held its policy rate steady, the bigger story was a ..[read more]

Mortgage Prepayments at 3-Year High Thanks to Brexit
Thu, 22 Sep 2016 17:45:23 GMT

Posted To: MND NewsWireMortgage prepayments, generally a good indicator of refinance activity , skyrocketed in August. According to Black Knight Financial Services "first look" at its August mortgage data, the Single Month Mortality (SMM) or prepayme..[read more]

"Very Concerning" Inventories and Higher Prices Weigh on Home Sales
Thu, 22 Sep 2016 15:09:03 GMT

Posted To: MND NewsWireSales of existing homes slowed for the second consecutive month in August according to data released on Thursday by the National Association of Realtors® (NAR). Sales declined by 0.9 percent to a seasonally adjusted annual ..[read more]

Vendor News; Flood Insurance and Disaster Updates - What About Escrow Accounts?
Thu, 22 Sep 2016 14:05:41 GMT

Posted To: Pipeline PressIt’s not that difficult to tell alligators and crocodiles apart. One will see you later; the other will see you in a while. What a difference a word makes, or a term. A while back someone exclaimed, “Hey, let&rsqu..[read more]

Home Prices Picked up the Pace in July
Thu, 22 Sep 2016 13:54:36 GMT

Posted To: MND NewsWireHome price increases appear to have accelerated in most of the country in July as compared to June according to data released on Thursday by the Federal Home Finance Agency (FHFA). FHFA's House Price Index was up 0.5 percent on..[read more]

MBS Day Ahead: Bonds Not Out of Woods Yet
Thu, 22 Sep 2016 13:43:02 GMT

Posted To: MBS CommentaryThe Fed announcement is in the rearview and bond markets are beginning their 3rd straight day of improvement. Does this mean last week's sharper move higher in rate was a false alarm? We have to be careful about jumping t..[read more]

MBS RECAP: Bond Markets Cheer Fed Announcement, Sorta...
Wed, 21 Sep 2016 21:41:19 GMT

Posted To: MBS CommentaryIt was an interesting Fed day for bond markets, with 10yr yields dropping 3.8bps and 2yr yields not dropping at all. That's the first clue that markets were not merely trading the prospects of a Fed rate hike (which would..[read more]

CFPB Chief says Rules Have Leveled Credit Unions' Playing Field
Wed, 21 Sep 2016 21:13:41 GMT

Posted To: MND NewsWire"Credit unions are thriving " in the words of Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB). He told members of the National Association of Federal Credit Bureaus on Wednesday that while purchase ..[read more]

Mortgage Originations to Rise 11 Percent in Q3
Wed, 21 Sep 2016 21:04:39 GMT

Posted To: MND NewsWireIf nothing else, the headline of this months' Outlook from Freddie Mac was a grabber. "Mortgage Originations Poised to Surge," it read, and what followed detailed what the company's economists expect from housing in a year wher..[read more]

Mortgage Rates Barely Budge Following Fed
Wed, 21 Sep 2016 20:36:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates made modest gains in some cases today, though many lenders are in roughly the same territory as yesterday. Things could be worse, however, considering we had 2 major announcements from central banks today ..[read more]

Differences Between Current and Previous FOMC Statements
Wed, 21 Sep 2016 18:02:00 GMT

Posted To: MBS Commentary(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in June July indicates that the labor market strengthened has continued to strengthen and..[read more]

Hispanic Lending Glossary; Systemic First-Time Homebuyer Problems Persist
Wed, 21 Sep 2016 13:53:31 GMT

Posted To: Pipeline PressA Brad Pitt & Angelina Jolie split? Say it ain’t so! It should be a private matter, but think of all the time they, and the press, invested in their relationship! What person in lending hasn’t spent numerous hours..[read more]

MBS Day Ahead: Bank of Japan Did What Now? Bring on The Fed!
Wed, 21 Sep 2016 13:27:53 GMT

Posted To: MBS CommentaryBond markets had two central bank announcements to endure today, and the first one is already out of the way, sort of... The Bank of Japan unleashed a policy announcement so complicated and nuanced that it seems markets have ..[read more]

Refis Retain Higher Share of Mortgage Apps Despite Rising Rates
Wed, 21 Sep 2016 12:57:08 GMT

Posted To: MND NewsWireMortgage rates crept higher during the week ended September 16, and mortgage applications, while rebounding from the previous holiday-shortened prior week, were down significantly on a seasonally adjusted basis. The Mortgage Ba..[read more]

MBS RECAP: Bonds Continue Range-Trade for 5th Straight Day
Tue, 20 Sep 2016 20:09:32 GMT

Posted To: MBS CommentaryFor the 5th day in a row, the total trading range in Treasuries and MBS fell inside the single day range set last Tuesday. Market-watchers consider even ONE so-called "inside day" to be significant, and we just had 5. So yeah..[read more]

Mortgage Rates Near Recent Highs Ahead of Fed
Tue, 20 Sep 2016 18:54:00 GMT

Posted To: Mortgage Rate WatchMortgage Rates were slightly higher in most cases today, although there were a few lenders in better shape. This runs counter to movement seen in underlying bond markets, which in slightly better territory on the day. Th..[read more]

Fannie Sees Fed Waiting, Housing Cooling
Tue, 20 Sep 2016 14:15:07 GMT

Posted To: MND NewsWireFannie Mae says that early bets on third quarter economic growth are around 3.0 percent which has the Federal Reserve talking again about raising the fed funds target rate, but odds are it won't happen at the Federal Open Marke..[read more]

Housing Starts, Building Permits Slowed in August
Tue, 20 Sep 2016 14:04:44 GMT

Posted To: MND NewsWireAll three measures of residential construction activity fell in August compared to the July numbers and one, building permits, continued to lag year-ago levels. The report from the U.S. Census Bureau and the Department of Housi..[read more]

Training and Events; Non-Agency Primary/Secondary Market Trends; PHH Layoffs
Tue, 20 Sep 2016 13:33:19 GMT

Posted To: Pipeline PressBill C. writes, “I found a new pitchman for the mortgage industry (at least in Russia). President Vladimir Putin advises people to take out mortgages right now ." Hey, why wait for rates to drop below 11% for that littl..[read more]

MBS Day Ahead: Range-Trade Intact as Central Banks Approach
Tue, 20 Sep 2016 13:09:39 GMT

Posted To: MBS CommentaryThe approach to this week's big-ticket events has been very straightforward so far. This has been aided, no doubt, by the absence of other significant events in the immediate vicinity, as well as the fact that it's ne..[read more]

 © 2016 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design