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Real Estate News |
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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Friday Borrower Do's and Don'ts
Fri, 14 Jun 2013 21:54:34 GMT
Posted To: Community CommentaryHere's another weekly installment of Do's and Don't's for prospective borrowers embarking on, or already engaged in the home mortgage process. In case it needs to be said, the "don't's" are strictly for comedy (though m..[read more]
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MBS End Week at Best Closing Levels; No Comfort Until We Hear from FOMC
Fri, 14 Jun 2013 21:35:18 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary The sense of anxiety and uncertainty is palpable. Almost in perfect unison, when the lunch bell rang, traders in equities and bond markets alike began taking chips off the table ahead o..[read more]
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Lowest Mortgage Rates of the Month Ahead of Fed Week
Fri, 14 Jun 2013 21:12:00 GMT
Posted To: Mortgage Rate WatchMortgage rates were significantly lower to start the day, and despite rising slightly in the afternoon, managed to end the week at the lowest levels since late May. For borrowers hoping to exit the recent roller coaster ..[read more]
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Confidence in Banks Back to 2008 Levels, But Still Historically Low
Fri, 14 Jun 2013 19:29:50 GMT
Posted To: MND NewsWireAmericans' confidence in U.S. banks has rebounded a bit from the low it hit in 2012. Gallop reports that 26 percent of recent survey respondents said they have a "great deal" or "quite a lot" of confidence in banks compared to ..[read more]
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Builders/Remodelers Busiest Since 2005; Homeowner Tastes Evolve
Fri, 14 Jun 2013 18:38:06 GMT
Posted To: MND NewsWireThe American Institute of Architects (AIA) is seeing an improving market reflected in the size and amenities Americans now expect in both new homes and when they remodel. The Institute also says that responses to its Home Desig..[read more]
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California Home Sales Highest Since 2006, Affordability Twice As High
Fri, 14 Jun 2013 18:02:28 GMT
Posted To: MND NewsWireThe California housing market heated up a little more in May with resales of houses and condominiums rising by 8.3 percent from resales in April. A total of 42,293 units sold during the month compared to 39,051 in April and 41,..[read more]
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MBS MID-DAY: Leveling Off After Hitting Resistance
Fri, 14 Jun 2013 16:44:00 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary If we're not meant to see current prices in MBS and Treasuries as resistance, markets are doing and exceptional job of trying to convince us otherwise. The periodic jolts of price movemen..[read more]
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NAR Testifies on QM; Ocwen Servicing Deal; CFPB Videos; Mergers; Top Ten Funding Defects
Fri, 14 Jun 2013 16:06:38 GMT
Posted To: Pipeline PressNAR has been invited to testify at an upcoming Congressional hearing about the Qualified Mortgage rule (QM) . The House Financial Services Subcommittee on Financial Institutions and Consumer Credit has scheduled the hearing f..[read more]
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The Day Ahead: Moderate Econ Data; Mostly Focused on Fed Next Week
Fri, 14 Jun 2013 10:53:00 GMT
Posted To: MBS CommentaryEverything in bond markets since May 3rd has been a blur-- the bad kind- -and the leading candidate to provide clarity is next week's FOMC events (announcement, press conference and member forecasts). As next Wednesday approa..[read more]
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