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Real Estate News
Attorney on Quicken's Lawsuit; Fixing Appraisal System; Final Rules on AMCs
Sat, 25 Apr 2015 21:01:42 GMT

Posted To: MND NewsWireMany lenders are watching this battle of industry frustration from the sidelines: Quicken vs. the DOJ, and vice versa . Prior to the government suing Quicken, Matthew Schwartz , a former federal prosecutor who is now a partner ..[read more]

MBS RECAP: Bonds Continue Reinforcing The Range Ahead of Fed Week
Fri, 24 Apr 2015 21:33:09 GMT

Posted To: MBS CommentaryUp until this morning's Durable Goods data, bonds looked ready to go either way. MBS and Treasuries were slightly weaker, somewhere around halfway back to yesterday's weakest levels. An exceptionally strong showing in..[read more]

HUD Changes Distressed Loan Sale Requirements
Fri, 24 Apr 2015 21:09:53 GMT

Posted To: MND NewsWireThe Department of Housing and Urban Development (HUD) is tweaking its bulk loan sales program to give distressed borrowers a better shot at staying in their homes. HUD announced today that investors who purchase delinquent mort..[read more]

Mortgage Rates Continue Marginally Lower
Fri, 24 Apr 2015 19:45:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged again today, which means they've been able to hold under an important ceiling as we head into next week's Fed Announcement. Given the improvement in underlying market conditions, lenders are ..[read more]

Lenders give Mixed Reviews to new GSE, FHA Initiatives, Homeowner Education
Fri, 24 Apr 2015 16:27:48 GMT

Posted To: MND NewsWireLenders appear at least moderately encouraged by new efforts on the part of Fannie Mae and FHA to lower the costs and increase the availability of mortgage financing. Fannie Mae's most recent quarterly Mortgage Lender Sentiment..[read more]

MBS MID-DAY: Calmly Holding Gains so Far; Afternoon Could Bring Headwinds
Fri, 24 Apr 2015 16:24:00 GMT

Posted To: MBS CommentaryThe most notable feature of today's trading session has been the weaker than expected components of the Durable Goods data. In other words, the headline was better than expected, but the internals were weaker. Specificall..[read more]

Survey Says: Real Estate is The Best Long-Term Investment
Fri, 24 Apr 2015 14:57:19 GMT

Posted To: MND NewsWireApparently all is forgiven and forgotten and Americans are again embracing real estate as more than just shelter. For the second year in a row a Gallup telephone survey conducted in April found Americans think it is the best ki..[read more]

Blackstone Rumored to Buy More Lenders; DOJ Sues Quicken; General Industry Trends
Fri, 24 Apr 2015 13:55:13 GMT

Posted To: Pipeline PressFilling key positions in our industry is not an easy task sometimes, but as one banking vet I know likes to say, "give me someone with a little bit of smarts, and a little bit of drive, and I'll hand them back a career." Of c..[read more]

MBS Day Ahead: In The Range, Counting The Days Until FOMC
Fri, 24 Apr 2015 11:33:57 GMT

Posted To: MBS CommentaryAfter the March 18th FOMC Announcement, bond markets rallied. 10yr yields went from 2.05 to 1.90 on that Wednesday. The following day, they sold off to an intraday high of 1.99. Since then, 1.99 has been the most frequently-v..[read more]

MBS RECAP: Eye of the Corporate Debt Storm Helps Bonds Recover; Treasuries Trump MBS
Thu, 23 Apr 2015 21:16:44 GMT

Posted To: MBS CommentaryWith 10yr yields at 1.952, we're certainly not out of the woods yet, but we can at least hold out some hope of exiting the woods. That wasn't such a given after yesterday's push up to 1.99%. As details emerged reg..[read more]

Mortgage Rates Hold Ground at Recent Highs
Thu, 23 Apr 2015 21:16:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. While a few lenders were modestly improved, most were unchanged or offering slightly higher rates. This stands in stark contrast to most of today's mortgage rate headlines that sugg..[read more]

Cash-outs Affecting Negative Equity Trends
Thu, 23 Apr 2015 18:32:37 GMT

Posted To: MND NewsWireA second company has now reported a recent increase in the number of underwater residential properties in the U.S. Last month Corelogic said that approximately 172,000 homes slipped from positive to negative equity in the fourt..[read more]

New Home Sales didn't Match February Pace
Thu, 23 Apr 2015 18:25:16 GMT

Posted To: MND NewsWireNew home sales settled down a bit in March after a dramatic surge in the Northeast in February that drove national sales figures up nearly 8 percent. The Census Bureau and U.S. Department of Housing and Urban Development report..[read more]

MBS MID-DAY: Huge Corporate Bond Numbers Help Explain Our Predicament
Thu, 23 Apr 2015 16:27:56 GMT

Posted To: MBS CommentaryFrom yesterday's first reprice alert on MBS Live at 9:34am ET: "There is also the ongoing theme of corporate bond issuance. Several more deals have been announced this morning, both at home and abroad. Additionally, inves..[read more]

Freddie's Multi Market Indicator Recovers from January Stumble
Thu, 23 Apr 2015 14:20:13 GMT

Posted To: MND NewsWireFreddie Mac's Multi-Indicator Market Index (MiMi) for February shows that the U.S. housing market continues to stabilize and has recovered from a slight stumble - what Freddie Mac had called "the winter doldrums" - in January. ..[read more]

Home Prices Overtaking Pre-Crash Peak
Thu, 23 Apr 2015 14:17:47 GMT

Posted To: MND NewsWireHome prices nationally are now within 3 percent of the peak they reached in March 2007. The Federal Housing Finance Agency (FHFA) released its purchase only Home Price Index (HPI) for February showing that home prices increased..[read more]

Wells Fargo Extends Senior Housing Finance Reach
Thu, 23 Apr 2015 13:59:18 GMT

Posted To: MND NewsWireSeeing opportunity from the inevitable flood of aging baby boomers, Wells Fargo has announced formation of a new specialty business group focused on their housing and health. A new Senior Housing Finance group has been establis..[read more]

TRID Training and Average Cost Per Loan; Credit Unions on the Move
Thu, 23 Apr 2015 13:58:08 GMT

Posted To: Pipeline PressThe U.S. Census Bureau reported that nearly 10 percent of U.S. residents are not happy with their current housing, neighborhood, local safety or public services and would prefer to move, but only 18% of the 11.2 million house..[read more]

MBS Day Ahead: History Repeating or a Brave New World?
Thu, 23 Apr 2015 11:34:10 GMT

Posted To: MBS CommentaryOver the years, we've discussed the concept of "history repeating" in terms of similar market themes playing out, both qualitatively and quantitatively (no QE pun intended). Like most predictive lines of conversation, it&..[read more]

MBS RECAP: Relatively Steep Losses for Bonds; Widespread Negative Reprices
Wed, 22 Apr 2015 20:45:30 GMT

Posted To: MBS CommentaryBy now, today's broken range is fairly old news. It's not only old news in the sense that it's been covered today, but indeed the POTENTIAL range break (including the likelihood that it would be in an unfriendly d..[read more]

Mortgage Rates Finally Make a Move, But in the Wrong Direction
Wed, 22 Apr 2015 20:06:00 GMT

Posted To: Mortgage Rate WatchMortgage rates finally broke out of a persistent sideways grind today. Unfortunately, rates moved higher at a fairly brisk pace . Whereas most lenders were offering conventional 30yr fixed rates of 3.625% on top tier sce..[read more]

MBS MID-DAY: Bonds Finally Break the Monotony, but in an Unfriendly Direction
Wed, 22 Apr 2015 16:56:02 GMT

Posted To: MBS CommentaryA noncommittal, sideways grind only has so much noncommittal and sideways in it before breaking out. This one was already overdue and already showing signs that it was on its last legs (especially with respect to the technica..[read more]

Surging Home Sales Herald Strong Spring Market
Wed, 22 Apr 2015 15:40:32 GMT

Posted To: MND NewsWireThe spring housing market blasted in across the county last month and existing home sales jumped 6.1 percent from the February level to the highest annual rate in 18 months. The National Association of Realtors® (NAR) said ..[read more]

What do Realtors Want From Lenders, Millennials From Their Banks? Q1 Solid Lending Numbers
Wed, 22 Apr 2015 14:59:59 GMT

Posted To: Pipeline PressEarth Day is celebrated on April 22 nd and this year marks the 45 th anniversary. Leave it to the Census Bureau (known as "The Bureau with a capital "B" to those that work there) to tell us that there were 2.4 million househo..[read more]

Low Rates and Spring Buying Boosting Mortgage Apps
Wed, 22 Apr 2015 13:11:20 GMT

Posted To: MND NewsWireBorrowers responded to some of the lowest interest rates in several months by stepping up applications for mortgage financing. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a measure of mortgage a..[read more]

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