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Real Estate News |
MBS RECAP: Apocalyptic Catalogue of Reprice Alerts
Thu, 20 Jun 2013 03:46:00 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary The report below was automatically generated at 4:09pm Eastern time. I didn't send it out at that time due to THIS POST appearing shortly before the scheduled recap time. That's where t..[read more]
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Mortgage Rates Annihilated; Brief History of All-Time Lows
Thu, 20 Jun 2013 03:34:49 GMT
Posted To: Mortgage Rate WatchMortgage rates have seen better days . If the past 2 months of calamitous volatility and almost daily cost hikes weren't enough, today brings the Conventional 30yr Fixed best-execution rate to 4.25% --levels not seen sin..[read more]
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MBS SPECIAL ALERT: Bernanke Confirms Stabled Stallion
Wed, 19 Jun 2013 19:45:00 GMT
Posted To: MBS CommentaryOn June 5th, before the most recent ADP report, and with an eye toward NFP on the upcoming Friday, I laid out the reasons that we should not expect the Fed to care about the mortgage environment in the wake of taper talk, say..[read more]
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Origination Report Notes Improving Closing Rates and Timing
Wed, 19 Jun 2013 19:02:00 GMT
Posted To: MND NewsWireRefinancing and purchases held their respective market shares for closed loans in May at 58 percent and 42 percent respectively according to Ellie Mae's Origination Insight Report for the month. Loans originated for FHA fell sl..[read more]
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Differences Between Past and Current FOMC Statements
Wed, 19 Jun 2013 18:05:00 GMT
Posted To: MBS CommentaryInformation received since the Federal Open Market Committee met in March May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown some further improvement in recent months..[read more]
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MBS MID-DAY: Yesterday's Gains Erased Ahead of Fed
Wed, 19 Jun 2013 17:28:10 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Please note the timestamp on the pricing snapshot below (and that this mid-day recap will typically be delayed on higher volatility mornings as I'm primarily focused on writing alerts for..[read more]
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Servicers Struggling with National Mortgage Settlement Compliance Monitor Says
Wed, 19 Jun 2013 15:48:00 GMT
Posted To: MND NewsWireThe Monitor of the National Mortgage Settlement submitted separate reports today to the U.S. District Court for the District of Columbia detailing the compliance efforts of each of the five bank servicers involved in the settle..[read more]
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Las Vegas and Eminent Domain; Dodd-Frank Update; HARP Date Petition; CFPB Reminders
Wed, 19 Jun 2013 14:54:02 GMT
Posted To: Pipeline PressHere in Colorado, all eyes are on the 500+ houses destroyed by the recent fires. FEMA is also watching, as it is the damage caused by flooding in states like Illinois and Michigan. As a reminder, besides the human suffering t..[read more]
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Mortgage Applications Continue Tumbling as Rates Rise
Wed, 19 Jun 2013 12:58:55 GMT
Posted To: MND NewsWireThe rebound in mortgage application volume reported by the Mortgage Banker's Association (MBA) last week was short lived as both refinancing and purchase activity retreated again during the week ended June 14. MBA's Market Comp..[read more]
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The Day Ahead: Fed's Script Already Out. Will They Stick to it?
Wed, 19 Jun 2013 04:11:00 GMT
Posted To: MBS CommentaryBy the end of this long MBS Commentary post, you'll see that all the MBS/Treasury trauma in May was already laid out by Bernanke on March 20th . Today's FOMC events will now simply be a chance to determine how closely they st..[read more]
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Details from Wells Fargo Conference Call on Housing Market
Tue, 18 Jun 2013 21:58:02 GMT
Posted To: MND NewsWireWells Fargo bank held a conference call on the outlook for the housing market on Tuesday, the first of several planned for 2013. The bank's economists Mark Vitner and Anika Kahn gave a fairly wide-ranging presentation about cur..[read more]
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Freddie Mac Green Lights Fed Tapering
Tue, 18 Jun 2013 21:43:26 GMT
Posted To: MND NewsWireMortgage rates have risen sharply over the last month and Freddie Mac , in its monthly Economic and Housing Market Outlook for June, focuses on what happens to the housing market recovery if those increases continue . Recent mo..[read more]
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MBS RECAP: Sideways Mission Accomplished. FOMC Tomorrow
Tue, 18 Jun 2013 21:06:04 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary The day is winding down with MBS and Treasuries in roughly unchanged territory vs yesterday's latest levels. Morning economic data proved to be a non-event in terms of market movement, ..[read more]
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Mortgage Rates Modestly Higher Ahead of Important Fed Announcement
Tue, 18 Jun 2013 20:05:00 GMT
Posted To: Mortgage Rate WatchMortgage rates began the day higher , though many lenders repriced in the middle of the day with improved offerings after bond markets began improving (mover lower in rate) into the PM hours. Even after those improvement..[read more]
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Commercial Debt Declines Partially Offset by Multi-Family
Tue, 18 Jun 2013 18:01:14 GMT
Posted To: MND NewsWireCommercial and multifamily mortgage debt fell by $4.9 billion in the first quarter of 2013. The total debt in the first quarter was $2.41 trillion, down 0.2 percent from the fourth quarter of 2012 and the first quarterly decrea..[read more]
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MBS MID-DAY: Holding Near Opening Levels All Morning
Tue, 18 Jun 2013 15:29:04 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Bond markets were weaker overnight, resulting in MBS opening up about 5 ticks weaker vs yesterday's latest levels. Volume and liquidity have been light, but were a bit better than yesterd..[read more]
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NJ Adopts Uniform State Test; The Supreme Court & Fair Lending; New Non-Agency Security?
Tue, 18 Jun 2013 14:44:31 GMT
Posted To: Pipeline PressI am in Colorado this week for the Richey May President & CEO Roundtable meeting, but here is some news regarding Ohio. When we think "The Federal Reserve", we usually think of the Board of Governors and Ben Bernanke, not any..[read more]
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Mixed Housing Starts Data Pulled Higher by Surge in Multi-Family
Tue, 18 Jun 2013 14:10:15 GMT
Posted To: MND NewsWireResidential construction starts rose in May while permitting for new construction was down slightly the U.S. Census Bureau and the Department of Housing and Urban Development said today. Privately-owned housing starts were at a..[read more]
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The Day Ahead: Some Data, but FOMC Wednesday Looms Large
Tue, 18 Jun 2013 10:40:00 GMT
Posted To: MBS CommentaryIt would be nigh on impossible for anything that happens today to serve as a mere appetizer to Wednesday's main course: the FOMC Announcement, Economic Projections and Bernanke Press Conference. As we saw on Monday, that does..[read more]
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MBS RECAP: Light Volume Stability Falls Victim to Headlines
Mon, 17 Jun 2013 21:07:05 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Most of this afternoon's drama is extensively relayed in the catalogue of alerts and updates below. To recap that recap, an article from the Financial Times came out at 2pm, and essenti..[read more]
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Mortgage Rates Slightly Higher; Anticipation Building for Fed
Mon, 17 Jun 2013 20:14:00 GMT
Posted To: Mortgage Rate WatchMortgage rates rose in the afternoon , after beginning the day unchanged to slightly higher compared to Friday afternoon. That means lenders recalled their initial rate sheets from this morning and put out new sheets wit..[read more]
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MBS MID-DAY: Eerily Calm Start to FOMC Week
Mon, 17 Jun 2013 15:20:09 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary So far this week, we're being treated to the "all things being equal" approach to Wednesday's tremendously important FOMC Events. In the few days leading up to any major market mover, it'..[read more]
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Builder Confidence Soars. Sharpest Rise Since 2002
Mon, 17 Jun 2013 15:03:56 GMT
Posted To: MND NewsWireLow inventories and increasing traffic have unleashed the confidence of new new home builders the National Association of Home Builders (NAHB) said today. Its Housing Market Index (HMI), issued in conjunction with Wells Fargo B..[read more]
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Eminent Domain; More on Mini Correspondent; Deducting Mortgage Interest; The Popularity of 15-yr Refis
Mon, 17 Jun 2013 13:41:11 GMT
Posted To: Pipeline PressThe United States does not have the only government that is knee-deep in controlling lending and real estate. Beijing, which already has China's strictest real estate curbs, is being forced to take additional steps to contain..[read more]
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The Week Ahead: Setting the Tone for 2nd Half of 2013
Mon, 17 Jun 2013 11:19:00 GMT
Posted To: MBS CommentaryThe theme of " honing in " is everywhere in financial markets and in the universe beyond. It goes by many names and can be thought of in many ways: a plucked guitar string returning to stillness, a driver regaining control af..[read more]
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