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

leftnav photo

Real Estate News
MBS Day Ahead: Why So Many People Have Been So Wrong
Wed, 10 Feb 2016 12:34:02 GMT

Posted To: MBS CommentaryWho has the mic? Who's wielding the pen? Whose opinion are you digesting as you build your sense of what "they" think is going to happen? If you're familiar with the adage about history being written by the victor , t..[read more]

MBS RECAP: Stocks and Bonds Consolidate Big Moves
Tue, 09 Feb 2016 21:57:32 GMT

Posted To: MBS CommentaryStock prices and bond yields closed at their lowest levels in more than a year yesterday. Today was largely spent consolidating that move. With Chinese markets still closed for the Lunar New Year holiday, Asian markets found ..[read more]

Mortgage Rates Well Into Mid 3's
Tue, 09 Feb 2016 21:13:00 GMT

Posted To: Mortgage Rate WatchMortgage rates kept moving lower today as global financial markets remain in distress. This time around, the improvement wasn't as much about the bond market gains as it was about lenders getting caught up with yesterday..[read more]

Foreclosure Metrics Declined nearly a Quarter in 2015
Tue, 09 Feb 2016 15:52:48 GMT

Posted To: MND NewsWireThe number of properties in the process of foreclosure nationwide dropped by nearly a quarter from the end of 2014 to the end of this past year. CoreLogic said today that homes in that category, usually referred to as the forec..[read more]

Training and Seminars; Ops VP Weighs In on TRID
Tue, 09 Feb 2016 15:44:12 GMT

Posted To: Pipeline Press"Have you heard the latest statistics joke? Probably." CNN reports the latest data from the IRS finds the top 10% of Americans make $128,000 in minimum adjusted gross income versus $429,000 for the top 1.0% and $1.9mm for the..[read more]

MBS Day Ahead: This Road Leads to New All-Time Low Rates
Tue, 09 Feb 2016 12:34:19 GMT

Posted To: MBS Commentary"It's the middle of the night on February 8-9th 2016, and 10yr yields are trading in the mid 1's." That's not a phrase many people thought they'd be able to say if you'd asked them about it even a month ag..[read more]

MBS RECAP: Bonds Surge as New Fears Replace Oil
Mon, 08 Feb 2016 22:43:06 GMT

Posted To: MBS CommentaryForget oil--mostly. There's a new bad boy in town over the weekend, and he's making just the sort of mess that Treasuries and MBS like to see. To be fair, Treasuries like it much more than MBS, but both improved handi..[read more]

Mortgage Rates Rocket to Lowest in a Year
Mon, 08 Feb 2016 22:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates dropped significantly today, officially hitting the lowest levels in almost exactly 1 year. For most lenders, that means a conventional 30yr fixed rate quote of 3.625% for top tier borrowers, though there ..[read more]

Housing Attitudes Take Turn For The Worse
Mon, 08 Feb 2016 15:55:11 GMT

Posted To: MND NewsWireAffordability is becoming an issue based on more than just rising interest rates and rising home prices according to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae. That index dipped by 1.7 points from December..[read more]

Lots of Attention on New Lehman Brothers Lawsuit; Lender's Super Bowl Ad Results
Mon, 08 Feb 2016 15:42:47 GMT

Posted To: Pipeline PressI asked my cat Myrtle (is she my mews?) if she knew anything about cybersecurity. She gave me a look that told me she spends as much time worrying about hackers as she thought was necessary. Financial services firms, however,..[read more]

MBS Week Ahead: Stocks and Bonds Could Pop Any Day Now
Mon, 08 Feb 2016 12:34:20 GMT

Posted To: MBS CommentaryDepending on your point of view, this could end up being the most interesting week of the year for bond markets. If that turns out to be the case, it would likely have something to do with stocks also having an interesting we..[read more]

MBS RECAP: Bond Markets Eventually Turn Green After Confusing Jobs Report
Fri, 05 Feb 2016 22:54:11 GMT

Posted To: MBS CommentaryMarkets were confused by today's jobs data--at least bond markets were. The 151k vs 190k miss on headline NFP was ostensibly offset by the improvement in wage growth and the lower unemployment rate. Normally the unemploym..[read more]

Mortgage Rates Barely Budge After Jobs Report
Fri, 05 Feb 2016 21:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were mostly unchanged today, though a few lenders were microscopically higher in cost . That's an uncommon result for the day of the big jobs report release, but in today's case it may be somewhat understa..[read more]

MBA Reports Third Month of Credit Access Declines
Fri, 05 Feb 2016 19:39:20 GMT

Posted To: MND NewsWireCredit available was apparently slightly lower in January than in February, the third straight month that the Mortgage Bankers Associations' (MBA's) measure of that access has declined. The MBA said its Mortgage Credit Availabi..[read more]

Lender Fees Going Up; Non-Agency/Jumbo Program Trends
Fri, 05 Feb 2016 18:32:29 GMT

Posted To: Pipeline Press"How much does it cost to buy sixty female pigs and forty male deer? One hundred sows and bucks!" Money? I continue to be amazed at this stat: last year the 3.5 billion people that made up the bottom 50 percent of the world h..[read more]

MBS Day Ahead: How Much Will NFP Matter?
Fri, 05 Feb 2016 13:25:36 GMT

Posted To: MBS CommentaryFirst thing's first: NFP always reserves the right to move markets, even on occasions when it arguably shouldn't matter. Over the years, so many traders have wrapped up so much of their monthly game-plan around this d..[read more]

MBS RECAP: Bond Markets on Cruise Control
Thu, 04 Feb 2016 22:18:39 GMT

Posted To: MBS CommentaryToday was a so-called "inside day" for bond markets, meaning prices and yields remained INSIDE yesterday's range of prices and yields. Economic data fell on deaf ears and related markets didn't cause too much of a fus..[read more]

Mortgage Rates Hold Lows Ahead of Jobs Data
Thu, 04 Feb 2016 21:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held their ground at 8-month lows today. This time around, it was far less eventful than yesterday's session, which saw lenders changes rates several times throughout the day (and in opposite directions to..[read more]

1 in 3 Homes Still Bought With Cash
Thu, 04 Feb 2016 17:22:09 GMT

Posted To: MND NewsWireThe percentage of total home sales transactions that are completed in cash continues to decline on an annual basis as distressed homes become less and less of a market factor. CoreLogic said on Thursday that 33.9 percent of hom..[read more]

Borrower Satisfaction Report; M&A; Wells' Settlement; Data Breach Responses
Thu, 04 Feb 2016 15:02:01 GMT

Posted To: Pipeline PressLenders should know that the FDIC indicates it expects banks to evaluate and manage cyber risk as it does any other business risk and to do so as an enterprise-wide initiative involving all employees. That certainly goes beyo..[read more]

MBS Day Ahead: Resilient, but Not Invincible, Bonds Wait For NFP
Thu, 04 Feb 2016 13:20:19 GMT

Posted To: MBS CommentaryIt used to be that the first Thursday of every month provided a fairly reliable chance of volatility . That was during the days when Europe was an even bigger mess than it is now and when the European Central Bank was holding..[read more]

Freddie Mac: Don't Count Refinancing out yet
Wed, 03 Feb 2016 23:24:04 GMT

Posted To: MND NewsWireFreddie Mac's economists are expressing concerns about what they see as economic headwinds revealed by some recently released indicators. In their current edition of Insight and Outlook the company downgraded its full year esti..[read more]

MBS RECAP: Volatile Day Leaves Bonds Slightly Weaker
Wed, 03 Feb 2016 23:19:07 GMT

Posted To: MBS CommentaryTwo days ago, we were able to refer to Monday as the best day of the year, as long as you forget about the Friday before it. Today is the new 'best day of the year,' as long as you forget about yesterday. Even then, i..[read more]

Mortgage Rates Hold Long-Term Lows Despite Market Volatility
Wed, 03 Feb 2016 21:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had a far more tumultuous day despite ultimately hanging on to the lowest levels in more than 8 months. Whether you wanted to be happy, sad, excited, or scared, there was something for everyone today. The ..[read more]

Fannie/Freddie Clarify Buybacks; Will The CFPB Settle Discrimination Suit?
Wed, 03 Feb 2016 14:08:58 GMT

Posted To: Pipeline PressI spent some time at the Texas Mortgage Banker's event earlier this week in Houston, and some of the discussion revolved around another refi boom . Namely, the recent Japanese rate cut makes it very difficult for our Fed to r..[read more]

 © 2016 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design