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Real Estate News
MBS RECAP: Best Week For Bonds in a Year
Fri, 25 May 2018 21:22:29 GMT

Posted To: MBS CommentaryWhen you pay the sort of price we paid last week (in terms of rates surging to 7-year highs), you expect to get something reasonably nice in return. This, then, is our recompense. In terms of ground covered, it was the best w..[read more]

Mortgage Rates Hit Holiday Weekend at Recent Lows
Fri, 25 May 2018 21:02:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved much lower this week with another strong move today. As we discussed yesterday, this is certainly at odds with the prevailing news coverage, which continues to focus on yesterday's Freddie Mac survey..[read more]

Homebuyers Battle the Trifecta: Rates, Inventory, and Prices
Fri, 25 May 2018 14:18:21 GMT

Posted To: MND NewsWireThe May edition of Freddie Mac's monthly Outlook , produced by its Economic & Housing Research Group, is focused on the resiliency of the American homebuyer . It notes that, "Through the first five months of 2018, home shoppers..[read more]

MBS Day Ahead: How did Such a Good Week Happen?
Fri, 25 May 2018 13:33:53 GMT

Posted To: MBS CommentaryIf you'd just had your worst week in 7 years, it's always nice if the next could be markedly different. That's the case for bond markets this week, assuming nothing outrageous happens for the rest of the day. In f..[read more]

Jumbo, Non-QM, ARM Lender and Investor Trends
Fri, 25 May 2018 13:07:38 GMT

Posted To: Pipeline PressDid you know that the number of female chief executives of Fortune 500 companies this year declined by 25 percent (from 32 to 24)? Not good. One of the highlights for me of this week’s MBA Secondary Marketing Conference..[read more]

Flipping; Turning into a Dangerous Game?
Fri, 25 May 2018 12:10:12 GMT

Posted To: MND NewsWireCoreLogic says flipping is back. The term applies to the act of buying, renovating and/or repairing a house, then reselling it, all within a short timeframe. Investors who specialize in flipping are always out there, but when p..[read more]

MBS RECAP: Bonds Confirm Yesterday's Strength
Thu, 24 May 2018 20:29:28 GMT

Posted To: MBS CommentaryYesterday was an important one for anyone hoping NOT to see the bond market completely give up hope in the fight against higher rates. To be fair, the fundamental realities in place over the past few years have clearly pointe..[read more]

Another Reminder Not to Trust Mortgage Rate Headlines
Thu, 24 May 2018 19:14:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower again today, bringing them to the best levels in at least 2 weeks. This assertion is very much at odds with the prevailing mortgage rate headlines today. News stories abound with talk of sharp ..[read more]

Existing Home Sales Reverse Course, Down 3%
Thu, 24 May 2018 15:00:28 GMT

Posted To: MND NewsWireExisting home sales put an end to two straight months of gains , retreating in April on both a monthly and annual basis. The National Association of Realtors® said the sales of single-family homes, townhouses, condos, and c..[read more]

Home Price Index Shows Signs of Losing Momentum
Thu, 24 May 2018 14:29:47 GMT

Posted To: MND NewsWireHome prices in the first quarter of 2018 were 1.7 percent higher than at the end of the fourth quarter of last year. The Federal Housing Finance Agency said its Housing Price Index (HPI) gained 6.9 percent when compared to the ..[read more]

MBS Day Ahead: Green Shoots? Maybe. Opportunities? You Bet!
Thu, 24 May 2018 13:35:51 GMT

Posted To: MBS CommentaryOne short week after hitting the worst levels in nearly 7 years there's suddenly a semblance of hope again for bonds. It was one thing to see last Friday's correction--which merely stopped the most abject bleeding--or..[read more]

Broker Products; Upcoming Events; Financial Services and Acquisitions
Thu, 24 May 2018 13:18:07 GMT

Posted To: Pipeline PressThe conference this week? I attended various presentations dealing with housing finance and the economy in general. Even in the face of rising rates, the outlook on the housing market is bullish for prices – but with co..[read more]

Tax Cut Gains Forecast to Fade Away in 2019
Thu, 24 May 2018 13:08:17 GMT

Posted To: MND NewsWireFannie Mae is backing down slightly on its economic forecast for the remainder of 2018. The first quarter GDP growth of 2.3 percent was the slowest in a year , down from 2.9 percent a year earlier. The company's economists, led..[read more]

April Delinquencies Improve Despite Historic Pattern
Thu, 24 May 2018 12:41:30 GMT

Posted To: MND NewsWireLoan performance continued to improve in April, even though Black Knight says mortgage delinquencies have a historic pattern of increasing during that month. The overall delinquency rate declined 1.6 percent from March to a nat..[read more]

MBS RECAP: Nice Gains More About Europe Than Fed
Wed, 23 May 2018 20:41:08 GMT

Posted To: MBS CommentaryBonds surged to significantly stronger levels in the presence of the Fed Minutes today. Any time we see strong gains on a day with a Fed release, chances are the Fed is behind the move. Incidentally, that's NOT the case t..[read more]

Mortgage Rates Drop to Lowest Levels in 2 Weeks
Wed, 23 May 2018 19:36:00 GMT

Posted To: Mortgage Rate WatchThis week hadn't been too traumatic for mortgage rates through yesterday afternoon, but neither had it been positive in any noticeable way. That changed today as rates fell abruptly to the lowest levels since last Monday..[read more]

Houses Passes S2155, Unwinds Less of Dodd-Frank Than Hoped
Wed, 23 May 2018 15:21:43 GMT

Posted To: MND NewsWireThe House of Representatives passed a sweeping overhaul of regulations included in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act on Tuesday. Senate Bill 2155, which passed the upper house in March, received..[read more]

New Home Sales Continue to Improve on Annual Basis
Wed, 23 May 2018 14:44:17 GMT

Posted To: MND NewsWireNew home sales dipped in April, a reversal that was expected by many analysts . The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes during the month were at a seasona..[read more]

Freddie Mac to Address Origination Barriers for Young Buyers
Wed, 23 May 2018 13:15:47 GMT

Posted To: MND NewsWireReams of data have been gathered about what appear to be significant changes in the profile of younger homebuyers and consequently mortgage borrowers. This usually means the Millennial generation, but recently Gen Z, those born..[read more]

Lender Products; Congress' Take on TILA, PACE Loans, and MLO Licensing
Wed, 23 May 2018 13:11:56 GMT

Posted To: Pipeline PressEvery vendor here at the MBA conference suggests they can help clients close more loans faster, more efficiently and compliantly. If only all these lenders had more loans in their pipelines to close! But lenders here in NY ar..[read more]

MBS Day Ahead: Italian Impact Continues, Helping Bonds Start Strong
Wed, 23 May 2018 13:05:15 GMT

Posted To: MBS CommentaryI woke up this morning to an automated alert from MBS Live letting me know I'd need to hustle to the desk and explain whatever it was that caused the friendly spike more than 6bps lower in 10yr yields (all the way down to..[read more]

Refinance Applications Near 18-Year Low
Wed, 23 May 2018 12:17:28 GMT

Posted To: MND NewsWireMortgage rates surged significantly during the week ended May 18, sending mortgage activity skidding for the fifth straight week . The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage lo..[read more]

MBS RECAP: Bonds on Autopilot Ahead of Fed Minutes and Treasury Auction
Tue, 22 May 2018 20:52:59 GMT

Posted To: MBS CommentaryFor the 2nd straight day , trading levels in bond markets held inside a narrow range--far narrower than that seen on any given day last week, let alone the entire week. This could be incidental or it could be in anticipation ..[read more]

Mortgage Rates Super Flat So Far This Week
Tue, 22 May 2018 19:09:00 GMT

Posted To: Mortgage Rate WatchAfter quite a bit of volatility and a move up to 7-year highs last week, mortgage rates have managed to avoid any semblance of drama so far this week. In fact, each of the past 2 days has seen the average lender keep 30y..[read more]

Increasing Number of Homes Built as Rental Property
Tue, 22 May 2018 16:18:59 GMT

Posted To: MND NewsWireAs if the new home inventory wasn't tight enough, the National Association of Home Builders (NAHB) say a higher proportion of those homes are being built as rentals rather than owner occupancy . Robert Dietz, writing in NAHB's ..[read more]

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