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Real Estate News
MBS RECAP: Bonds Take Pre-Fed Lead-Off (In Wrong Direction)
Tue, 20 Mar 2018 21:04:57 GMT

Posted To: MBS CommentaryImagine you manage a baseball team. Let's say it's little league , because what follows probably wouldn't happen in the bigs. You're working with your kids on leading-off and stealing bases. One of your player..[read more]

Mortgage Rates Highest in a Week Ahead of Fed
Tue, 20 Mar 2018 19:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose to the highest levels in more than a week today, but that's the most dramatic way to put it. In terms of outright movement, today was fairly average. It only earns the "highest in a week" distinction ..[read more]

Despite Downward GDP Revisions, Fannie Sees Housing Holding Steady
Tue, 20 Mar 2018 15:53:58 GMT

Posted To: MND NewsWireFannie Mae has lowered its forecast for first quarter 2018 growth from 2.9 to 2.8 percent due to " lackluster consumer spending and nonresidential and residential investment. The second report of 4 th Q GDP downgraded real grow..[read more]

MBS Day Ahead: Still In The Range, But Defensive Trend Continues
Tue, 20 Mar 2018 13:50:38 GMT

Posted To: MBS CommentaryWhile there have been a few pockets of decent gains in the past week (Thursday afternoon and yesterday morning), the general trend has been toward weaker levels since last Wednesday. That marked the 2nd time in March that 10y..[read more]

State Changes Impacting Lenders and Banks; Business Opportunities
Tue, 20 Mar 2018 13:12:31 GMT

Posted To: Pipeline PressThe first day of Spring! Converting empty warehouses, grain elevators, under-utilized shopping malls, or Toys-R-Us stores to new housing? Perhaps. There is certainly a lack of buildable land in many areas and builders, recogn..[read more]

MBS RECAP: Stock Losses Helped But Bonds Had Their Own Limits
Mon, 19 Mar 2018 20:44:08 GMT

Posted To: MBS CommentaryBonds entered the domestic session feeling a bit down on their luck. There was some general weakness early in the overnight session, but just before 8am, European Central Bank (ECB) sources were quoted (anonymously) as genera..[read more]

Mortgage Rates Maintain Flat Trajectory Ahead of Fed
Mon, 19 Mar 2018 20:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have been on a tear recently , moving sideways with reckless abandon. Since the middle of February, the "effective rate" (based on actual rate sheet offerings and upfront costs) has held inside a narrow ra..[read more]

Future Housing Market at Mercy of Young Adults
Mon, 19 Mar 2018 19:23:08 GMT

Posted To: MND NewsWireFreddie Mac's economists headlined their March Outlook economic report "Adulting is Hard." The newest crop of young adults may find this to be truer than others. They have been slow to reach life's milestones like getting marri..[read more]

MBS Week Ahead: Absolutely No Significant Data Ahead of The Fed
Mon, 19 Mar 2018 13:15:45 GMT

Posted To: MBS CommentaryIf it weren't for the Fed Announcement on Wednesday, this would look like a prime vacation week for market participants as there is a distinct lack of relevant economic data. In fact, there's only one top tier report:..[read more]

Tax and Sales Products; Mergers Continue; Fed Meeting This Week
Mon, 19 Mar 2018 13:08:09 GMT

Posted To: Pipeline PressFor me the last seven days included California, Texas, Nevada, and Illinois. What am I seeing? Some companies are doing well. Others aren’t, and unfortunately, probably more fall into this latter category due to margins..[read more]

MBS RECAP: Typically Boring Consolidation Ahead of The Fed
Fri, 16 Mar 2018 21:36:07 GMT

Posted To: MBS CommentaryThere were quite a few economic reports on tap today, and that made for some entertaining market watching! Reason being, every time a report came out, bonds were in the middle of one of their periodic sideways plateaus that f..[read more]

Mortgage Rates Just Barely Higher, But Lower This Week
Fri, 16 Mar 2018 21:12:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose modestly today, but many lenders were essentially unchanged compared to yesterday's latest offerings. Moreover, rates ended the week slightly lower compared to last Friday's latest levels. That's no s..[read more]

Both Coasts Lead in Household Wealth Gains
Fri, 16 Mar 2018 17:07:32 GMT

Posted To: MND NewsWireWhile home prices continue to rise and homeowner equity to increase, CoreLogic reports that there are still 2.5 million mortgages in negative equity . The company's fourth quarter 2017 equity report states that homeowners incre..[read more]

Lender Sentiment Points to Declining Demand, Lower Profits
Fri, 16 Mar 2018 15:53:13 GMT

Posted To: MND NewsWireMortgage lenders continue to expect disappointing profit margins . For the sixth consecutive quarter the net responses to a question about those margins in Fannie Mae's Mortgage Lender Sentiment Survey were in the negative. In ..[read more]

Housing Starts and Permits Roll Back January Gains
Fri, 16 Mar 2018 13:56:00 GMT

Posted To: MND NewsWireThe two principal measures of residential construction activity had been expected to decline a bit in February after a strong performance to kick off the new year. Instead, the figures reported by the U.S. Census Bureau and the..[read more]

MBS Day Ahead: So Much For Yesterday's Pleasant Surprises
Fri, 16 Mar 2018 13:45:42 GMT

Posted To: MBS CommentaryI was pretty happy to have made it through yesterday without seeing or writing any "Ides of March" headlines. I can't ever quite remember what the word "banal" means, but I'm pretty sure that it covers "Ides of March"..[read more]

Democrats Pitch in to Roll Back Dodd-Frank
Fri, 16 Mar 2018 13:17:25 GMT

Posted To: MND NewsWireThe Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) passed the Senate Wednesday on a bipartisan basis. Sixteen 16 Democrats and one independent joined 50 Republicans in voting "yes." The bill rolls back..[read more]

Management Changes; New Securitization; The Economics Moving Bond Markets
Fri, 16 Mar 2018 13:13:39 GMT

Posted To: Pipeline PressLenders charge an interest rate commensurate with the risk, and potential for not being paid back. But disasters and taxes can complicate things. Mortgage News Daily points out that, “In 2007…Congress put a tempo..[read more]

MBS RECAP: Not a Big Sell-Off, But Definitely Not a Big Rally
Thu, 15 Mar 2018 20:42:41 GMT

Posted To: MBS CommentaryToday is most easily discussed based on what it wasn't. Today wasn't a big selling day. That's nice to see-- especially in 2018, and especially with mid-day weakness challenging recent ceilings in 10yr yields just..[read more]

Mortgage Rates Hold Steady at Lowest Levels in March
Thu, 15 Mar 2018 20:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held steady today as political headlines helped to offset some initial weakness in bond markets. When bonds weaken, rates tend to move higher. That said, this morning's weakness was quite modest. The helpf..[read more]

Lot Shortages Dim Builder Confidence
Thu, 15 Mar 2018 14:32:54 GMT

Posted To: MND NewsWireHome builder confidence ebbed slightly in March, but according to the National Association of Home Builders, it remains in "strong territory." NAHB's Housing Market Index (HMI), which is produced in cooperation with Wells Fargo..[read more]

NAR: Debt Forgiveness Should be Permanent Part of Tax Code
Thu, 15 Mar 2018 14:29:38 GMT

Posted To: MND NewsWirePrior to the housing crisis, homeowners who defaulted on their mortgages faced tax consequences if their lender had to write off or write down any part of the outstanding balance . That often happened after the collateral was s..[read more]

MBS Day Ahead: 2 Ways to Look at Bonds "Best Rally" of 2018
Thu, 15 Mar 2018 13:41:19 GMT

Posted To: MBS CommentaryYou may have noticed that, as of February 22nd, bonds haven't been experiencing the same sort of pain that characterized the first month and a half of 2018. We've been discussing the ensuing weeks as a sort of sideway..[read more]

Conventional Conforming Changes in the Primary Markets
Thu, 15 Mar 2018 13:16:03 GMT

Posted To: Pipeline PressRumors continue about companies going out of business, scaling back, or being sold. But let’s talk about progress in pushing forward transitional licensing, and that the Senate passed a bill that would exempt 85 percent..[read more]

MBS RECAP: The Return of Logical Economic Cause & Effect?
Wed, 14 Mar 2018 20:41:10 GMT

Posted To: MBS CommentaryWe've seen plenty of instances of bond markets shrugging off clear suggestions in the economic data, but today wasn't one of them! Retail Sales and GDP tracking weakened and rates fell. That's about it, really! Bu..[read more]

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