Reneé Borenstein & Marcia Gale
Marcia : 213.760.3177
Reneé : 818.535.6352
thtrealtors@gmail.com





Real Estate News
MBS RECAP: Why Didn't Bonds Seem to Care About Retail Sales?
Wed, 16 Oct 2019 22:31:09 GMT

Posted To: MBS CommentaryThere was a bit of a giveaway in this morning's commentary, titled " Brexit Headlines vs Retail Sales ." Indeed, it's "Brexit headlines" that answer the question in the most recent headline. In other words, bond marke..[read more]

Mortgage Rates Little-Changed Near Recent Highs
Wed, 16 Oct 2019 22:01:00 GMT

Posted To: Mortgage Rate WatchMortgage rates improved modestly today, depending on the lender. Some lenders moved rates higher yesterday due to deterioration in the bond market. Others simply planned to adjust for market conditions this morning. If w..[read more]

Builder Confidence at Best Levels Since 2018
Wed, 16 Oct 2019 14:30:30 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which has held in the mid-to-upper 60 range since May, finally got moving this month. The Index, a measure of home builder confidence in t..[read more]

Harvard Study Looks at Where, How Aging Baby Boomers Live
Wed, 16 Oct 2019 14:01:22 GMT

Posted To: MND NewsWireWhile a lot of attention is now focused on Millennials, the country is still aging. A new report from the Harvard Joint Center for Housing Studies looks at how the growing population of elderly is poised to change the character..[read more]

Broker, LOS, Warehouse Products; Nationwide Events and Free Training
Wed, 16 Oct 2019 12:54:18 GMT

Posted To: Pipeline PressSen. Patrick Moynihan once said, “Everyone is entitled to their own opinions, but not their own facts.” In a question guaranteed to generate opinions, there is, “Rob, do you ever think that the mortgage indu..[read more]

MBS Day Ahead: Brexit Headlines vs Retail Sales
Wed, 16 Oct 2019 12:45:10 GMT

Posted To: MBS CommentaryYesterday saw bonds undo a decent amount of overnight progress to end at the highest yields in nearly a month. 10yr Treasuries broke above the 1.75% level. If they close above 1.75% again today, it would add validity to the w..[read more]

Purchases Decline, Refis Still Strong as Rates Show Mixed Results
Wed, 16 Oct 2019 12:10:22 GMT

Posted To: MND NewsWireMortgage application volume eked out a slight gain during the week ended October 11 as interest rates became mixed . Purchasing weakened while the volume increase was again driven by refinancing activity. The Mortgage Bankers A..[read more]

MBS RECAP: Bonds Built Up Only to Be Let Down
Tue, 15 Oct 2019 20:59:44 GMT

Posted To: MBS CommentaryThere were two key parts to today's market movement. The first was the general push back against Friday's bond market weakness courtesy of less upbeat details emerging in the US/China trade talks. Long story short, Ch..[read more]

Mortgage Rates Turn Higher After a Strong Start
Tue, 15 Oct 2019 20:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates ended higher for the 4th straight business day on Tuesday, but that wasn't necessarily destined to be the case this morning. After last week's US/China trade announcements put upward pressure on rates head..[read more]

MBS Day Ahead: Moving Averages Suck (And Other Thoughts to Kick Off The Week)
Tue, 15 Oct 2019 14:05:18 GMT

Posted To: MBS CommentaryLast week brought a bit of a bumpy ride for bond markets with trade-related news accounting for most of the drama. Things were more uneventful on the first 3 days of the week, but Thursday and Friday saw yields threaten to re..[read more]

Marketing, POS, Appraisal Products; Non-QM Company and Product News
Tue, 15 Oct 2019 12:52:20 GMT

Posted To: Pipeline PressScholars disagree on how much sleep we need, what time is the best time to wake up, and what time to go to work. But then again, scholars disagree on everything. Being a capital markets person on the West Coast is not easy, w..[read more]

Characteristics of First Time Buyers Differ by Age
Tue, 15 Oct 2019 12:06:03 GMT

Posted To: MND NewsWireThe typical first-time homebuyer may not be who you think he or she is. A new report from Zillow says that rather than the young shopper eager to become a homeowner but worried about qualifying for a mortgage, nearly a third of..[read more]

Inventory Issues Highlight Downside of Lower Rates
Mon, 14 Oct 2019 18:51:53 GMT

Posted To: MND NewsWireWhile declining interest rates are generally viewed as good news for consumers, they aren't without their negatives. Realtor.com's September housing trend report released last week highlights one of them. Inventories of availab..[read more]

MBS RECAP: Traders Trading Trade (Deal)
Fri, 11 Oct 2019 22:11:51 GMT

Posted To: MBS CommentaryWith the exception of the wee hours yesterday morning, the past 2 days have been all about the trade deal. Markets knew Trump and the Chinese vice premier would be meeting this afternoon and they increasingly believed some so..[read more]

Big Jump in Mortgage Rates This Week
Fri, 11 Oct 2019 21:27:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher from Wednesday through the end of the week. Thursday and Friday were especially abrupt as financial markets hurried to get in position for a potential US/China trade announcement. What does tr..[read more]

MBS Day Ahead: Another Correction is Underway. How Long Will It Last?
Fri, 11 Oct 2019 13:00:20 GMT

Posted To: MBS CommentaryYesterday brought an abrupt confirmation of a bounce in bonds. For 10yr Treasury yields, the scene of the bounce was 1.51% earlier in the week. Multiple attempts to move lower failed, but yields stayed close enough to try for..[read more]

Vacation Homes Paved the Way to Greater Household Wealth
Fri, 11 Oct 2019 12:31:53 GMT

Posted To: MND NewsWireWhile home prices have surged back from their housing crisis lows, a report from the National Association of Realtors® (NAR) says homes purchased as vacation properties have appreciated even more. NAR's 2019 Vacation Home C..[read more]

Corresp. Jobs; Marketing, Pricing, DPA, 2nd Lien Products; New Vendor Offerings
Fri, 11 Oct 2019 12:22:35 GMT

Posted To: Pipeline PressFun with HMDA! Compliance folks everywhere know that yesterday the CFPB (“educate through education rather than enforcement”) issued a final rule amending Regulation C to extend the current temporary threshold of ..[read more]

MBS RECAP: Expected Amount of Volatility But Not For Expected Reasons
Thu, 10 Oct 2019 22:09:21 GMT

Posted To: MBS CommentaryHeading into this week, we looked to today as the biggest potential source of volatility owing to the release of the Consumer Price Index (CPI) and the end of the Treasury auction cycle. The volatility definitely showed up, b..[read more]

Highest Mortgage Rates of the Month or Lowest in a Month?
Thu, 10 Oct 2019 22:09:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were sharply higher today as the underlying bond market faced heavy selling pressure for a variety of reasons. When investors are more interested in selling bonds, prices move lower and yields (aka RATES) ..[read more]

Homebuying Index Pulls Back From Record Highs
Thu, 10 Oct 2019 19:01:58 GMT

Posted To: MND NewsWireFannie Mae's Home Purchase Sentiment Index (HPSI) has been relatively volatile in recent months, and September was no exception. The Index set back to back record highs in July and August, reaching 93.8 in the latter month whic..[read more]

MBS Day Ahead: Bonds At Least Entertaining a Momentum Shift
Thu, 10 Oct 2019 13:15:56 GMT

Posted To: MBS CommentaryYesterday brought moderate weakness for the bond market. Justifying it doesn't have to be any more complicated than technical resistance combined with an absence of buying demand ahead of the afternoon's 10yr Treasury..[read more]

DPA, Pricing, Digital Products; Vendor News; Lenders Managing Capacity
Thu, 10 Oct 2019 13:12:15 GMT

Posted To: Pipeline PressI am in Chicago with the FHLBank Chicago, and, despite the congestion and energy on the streets, the numbers tell us that the local economy is slowing. (In local news, for his work on batteries, University of Chicago alum Joh..[read more]

Labor Costs Likely to Push Home Prices Higher
Thu, 10 Oct 2019 12:07:31 GMT

Posted To: MND NewsWireNew home prices have been rising since 2012 according to CoreLogic's chief economist Frank Nothaft. Prices in the spring of 2019 were up 2 percent compared to a year earlier, partially because of rising building costs. In an ar..[read more]

MBS RECAP: MBS Make Up For Yesterday's Underperformance
Wed, 09 Oct 2019 21:36:21 GMT

Posted To: MBS CommentaryThe same old pattern played out today where MBS weren't able to keep solid pace with Treasury movement. This is one of those "for better or worse" kind of things. MBS tend not to gain as much ground as Treasuries when bon..[read more]

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