Sarah O'Shea Munoz, GRI, ABR, SFR
O'Shea Munoz Homes
101 N Oak Park Avenue
Oak Park, IL 60301
Direct: (708) 359-1570
Sarah@OSheaMunozHomes.com



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Real Estate News
Little Change in Construction Spending as Summer Ends
Wed, 01 Oct 2014 17:04:46 GMT

Posted To: MND NewsWireTotal construction spending in the U.S. in August was estimated by the Census Bureau today to be at the seasonally adjusted annual rate of $961.0 billion, down 0.8 percent from spending in July and 5.0 percent higher than the $..[read more]

MBS MID-DAY: Strong Bond Market Rally Has Nothing to do with Data
Wed, 01 Oct 2014 16:35:22 GMT

Posted To: MBS CommentaryIt's asking quite a lot to believe that the single most consistent source of guidance and inspiration for trading levels--economic data--is pretty much irrelevant at the moment, but it's true. ADP Employment came out ..[read more]

Judge Cites Unequivocal Language in Dismissing Fannie/Freddie Lawsuit
Wed, 01 Oct 2014 14:58:34 GMT

Posted To: MND NewsWireA lawsuit challenging the manner in which profits from Fannie Mae and Freddie Mac (the GSEs) have been allocated to the U.S. Treasury was dismissed on Tuesday by a U.S. District Court judge. The suit, brought by institutional i..[read more]

Stonegate's New Channel; CFPB's Consent Order Against a Title Insurer
Wed, 01 Oct 2014 14:50:28 GMT

Posted To: Pipeline PressWhen I was young, my parents taught me that my income was my own business, and talking about wages and bonuses with others never did anyone any good. But per the Small Business Administration, that has all changed, at least f..[read more]

Mortgage Application Volume Continues to Slide
Wed, 01 Oct 2014 14:19:59 GMT

Posted To: MND NewsWireLast week was another down week for mortgage applications according to the Mortgage Bankers Association (MBA). Its Weekly Mortgage Applications Survey data for the week ended September 26 showed a 0.2 percent decrease in applic..[read more]

MBS Day Ahead: Rates Head For Conflict Resolution As Data Heats Up
Wed, 01 Oct 2014 11:39:06 GMT

Posted To: MBS CommentaryToday is the first day of a new month and new quarter, and Octobers have historically been active for bond markets. That leaves us to wonder whether the activity will push back against the mostly negative September. There are..[read more]

MBS RECAP: Bond Markets Weather Month-End Storm With Minimal Losses
Tue, 30 Sep 2014 20:30:44 GMT

Posted To: MBS CommentaryMonth/Quarter-end trading dynamics made for a volatile day in the context of the recent range. It wasn't so much that the moves were big, just that they seemingly came out of left field and ran their course quite quickly...[read more]

CFPB Targets Title Company Over MSAs
Tue, 30 Sep 2014 20:10:20 GMT

Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) filed a Consent Order on Tuesday against Lighthouse Title, a title insurer based in Holland, Michigan. The order was, the Bureau said, sending "a clear and simple message" that it..[read more]

Mortgage Rates Higher to End September
Tue, 30 Sep 2014 19:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly higher today leaving September as one of only 3 months this year with noticeable upward movement. Things could have been worse had it not been for the steady improvements seen during the seco..[read more]

CFPB Hits Flagstar Bank with First Servicer Rule Enforcement
Tue, 30 Sep 2014 17:32:50 GMT

Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) came down hard on Michigan-based Flagstar Bank both legally and verbally as it issued the first enforcement action under its new mortgage servicing rules which went into effect in..[read more]

MBS MID-DAY: Bond Markets Rebound With Help From Europe, Stocks, and Month-End
Tue, 30 Sep 2014 16:38:16 GMT

Posted To: MBS CommentaryThe relevance of month/quarter-end trading considerations isn't limited to the US Treasury market. Month-end for German bond markets (the largest in Europe, and the Eurozone benchmark) saw a strong rally beginning at 6:15..[read more]

Buybacks, Disparate Lending, Indemnifications; Flagstar's CFPB Fine
Tue, 30 Sep 2014 15:00:02 GMT

Posted To: Pipeline PressHow did we arrive at the end of the 3 rd quarter so quickly? It has been filled with legal news about the financial services sector right up to the very end. Former Federal Reserve Chairman Ben Bernanke and ex-Treasury secret..[read more]

Case Shiller notes "Significant Slowdown" in Home Price Gains
Tue, 30 Sep 2014 14:48:14 GMT

Posted To: MND NewsWireThere was what the S&P/Case-Shiller Home Price Indices called "a significant slowdown in price increases in July S&P Dow Jones Indices said today. Nineteen of the 20 cities in the survey saw a lower year-over-year gain in July ..[read more]

MBS Day Ahead: Month/Quarter-End Considerations; Not Expecting Much From Data
Tue, 30 Sep 2014 11:32:48 GMT

Posted To: MBS CommentaryIt continues to be the case that economic data is guilty until proven innocent. The crime? Not being very relevant in terms of market movement compared to past precedent. This is no victimless crime either! Those of us who wa..[read more]

MBS RECAP: Bond Markets Erased Friday's Losses Early and Never Looked Back
Mon, 29 Sep 2014 20:51:12 GMT

Posted To: MBS CommentaryBond markets were in the throes of a late overnight session rally by the time the domestic session began. The rally began at 6:30am Eastern time and continued steadily, with no regard for economic data , until 9am. The day es..[read more]

Mortgage Rates Near 3-Week Lows
Mon, 29 Sep 2014 19:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell at a healthy pace today, bringing them to the lowest levels since September 9th. Gains in bond markets help rates move lower and bond markets were stronger right from the outset today on a combination..[read more]

MBS MID-DAY: Bond Markets Calmly Holding Strong Overnight Gains
Mon, 29 Sep 2014 16:24:01 GMT

Posted To: MBS CommentaryMBS and Treasuries are both in distinctly stronger territory today after an overnight rally that reached it's zenith by 9am. There are quite a few factors to credit for the strength. In no particular order, these include:..[read more]

Investor Pull-Back hits Pending Home Sales
Mon, 29 Sep 2014 14:52:34 GMT

Posted To: MND NewsWirePending home sales declined slightly in August, mirroring a similar pull-back in existing home sales announced last week. The National Association of Realtors® (NAR) said today that its Pending Home Sale Index (PHSI) for Au..[read more]

RESPA-TILA and Other Events This Week; A Primer on Extending Rate Locks
Mon, 29 Sep 2014 14:23:13 GMT

Posted To: Pipeline PressIs it against the law for an employer to provide an employee with better-than-market rates? KPMG hopes not . And the only thing I could find employer-assisted mortgage programs (EAMs) from the government was published by the ..[read more]

MBS Day Ahead: Busy Week Likely The Stage For The Next Big Move
Mon, 29 Sep 2014 11:43:03 GMT

Posted To: MBS CommentaryAfter September's big move higher in rates cooled off, we've been left in limbo , to some extent. There certainly hasn't been a painful continuation to higher rates, but we've had some trouble breaking much lo..[read more]

MBS RECAP: Bond Markets May Have Lost Ground, But They Had a Great Day
Fri, 26 Sep 2014 21:20:04 GMT

Posted To: MBS CommentaryIn case you missed it, today saw one of the biggest ever market reactions to a personnel announcement. Get caught up HERE if you like. There is no question and no debate over the fact that this was the only salient market mov..[read more]

Mortgage Rates Just Barely Higher Today; Lower This Week
Fri, 26 Sep 2014 20:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose just slightly today, but the move was so small that some lenders are unchanged or even a bit better than yesterday. On top of that, the week has been a calm one, resulting in modestly lower rates than..[read more]

Millennials may be Homebuying Generation After all
Fri, 26 Sep 2014 19:41:40 GMT

Posted To: MND NewsWireStudy after study has shown that Millennials - that generation of Americans currently between the ages of 18 and 34 - are becoming homeowners at rates way below that of earlier generations at the same age. Now Zillow has releas..[read more]

Path of Economy Critical to Big Picture for Mortgages
Fri, 26 Sep 2014 19:34:20 GMT

Posted To: MND NewsWireBank of America/Merrill Lynch says its official outlook for the economy is neither that of a Bull forecasting a cyclical surge or a Bear's view of secular stagnation. Rather, the company says it is looking for a low growth reco..[read more]

MBS MID-DAY: Yes, The PIMCO/Gross News is Really Moving Markets
Fri, 26 Sep 2014 17:33:54 GMT

Posted To: MBS CommentaryGDP came in this morning at a whopping +4.6%, so bond markets are losing ground due to the strong economic data, right? Wrong... Bond markets moved this morning because the Founder and CEO of the world's largest bond fund..[read more]

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