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
MBS Day Ahead: Could be Interesting, or a Total Dud
Fri, 22 May 2015 11:34:36 GMT

Posted To: MBS CommentaryOn the surface , today has a lot of things going for it. The only economic data is CPI, and it would be hard-pressed to convince anyone that inflation suddenly exists. At the very least, it would have to be a big beat in orde..[read more]

Purchase Loans Now Outpacing Refis
Thu, 21 May 2015 21:02:42 GMT

Posted To: MND NewsWirePurchase loans continued to increase as a percentage of loan originations in April. Ellie Mae's Origination Insight Report for the month put the purchase share of all closed loans at 52 percent , a 6 percentage point jump from ..[read more]

MBS RECAP: Moderately Stronger for Surprisingly Logical Reasons
Thu, 21 May 2015 21:00:15 GMT

Posted To: MBS CommentaryMuch of the volatility in late April and early May has been frustratingly opaque in terms of traditional cause and effect relationships. We were forced to resort to discussing things like tradeflow momentum and corporate issu..[read more]

Mortgage Rates Inch Lower Ahead of Holiday Weekend
Thu, 21 May 2015 19:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved tentatively lower today. The pace was only slightly better than yesterday when it was all but undetectable. To those expecting more improvement based on trading levels in the bond markets that drive ..[read more]

MBS MID-DAY: New Definition for ATR: Another Thursday Rally
Thu, 21 May 2015 16:30:28 GMT

Posted To: MBS CommentaryApril 9th. That's the last time bond markets haven't rallied on a Thursday. While some of the older examples in this trend are close calls, the last three Thursdays have been unequivocally positive, and today is no ex..[read more]

Existing Home Sales Fall Short of Expectations
Thu, 21 May 2015 15:01:04 GMT

Posted To: MND NewsWireExisting home sales in April failed both to match their corresponding numbers in March and to live up to the consensus of analysts in advance of this morning's National Association of Realtors® (NAR) report. Sales of existi..[read more]

Fiserv to Give CFPB Data; Warning on Suspect Warehouse Lender
Thu, 21 May 2015 14:41:15 GMT

Posted To: Pipeline PressHundreds of capital markets folks have returned, bleary-eyed, to their roosts around the country. Unfortunately, as Cantor Fitzgerald's Dave Gottfried aptly phrased it, New York is a "world class city with developing country ..[read more]

MBS Day Ahead: It's Time to Play "Find That Market Mover!"
Thu, 21 May 2015 11:34:25 GMT

Posted To: MBS CommentaryHi, Welcome to the show. Are you ready to play Find That Market Mover? It's America's favorite game (or at least it's my favorite idea for a topic at the moment, but I'm going somewhere with this, I promise). ..[read more]

Mortgage Rates Barely Budge After Fed Minutes
Wed, 20 May 2015 21:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates are ending the day very close to unchanged , following what was--by all rights--a supportive reading of the Fed's April Meeting Minutes. The big, nasty surprise that may have been lurking (potential rate h..[read more]

MBS RECAP: Odds Drastically Increase That "It's Not About The Fed"
Wed, 20 May 2015 21:17:22 GMT

Posted To: MBS CommentaryIn this morning's commentary , I said that anxiety over today's FOMC Minutes was misplaced when it comes to defining moments in a potential long-term shift toward higher rates. The bigger issue has been and will conti..[read more]

Households Better Prepared for Rate Increases This Time
Wed, 20 May 2015 17:17:17 GMT

Posted To: MND NewsWireEarlier this week Freddie Mac asked if the housing market recovery could withstand a rate increase (the answer, with some qualification was yes). Now the economists at Wells Fargo are asking the same about household balance she..[read more]

MBS MID-DAY: Quietly Consolidating Ahead of FOMC Minutes
Wed, 20 May 2015 17:16:03 GMT

Posted To: MBS CommentaryOn the whole, it's been a quiet day for bond markets, with the assumption being that volatility will increase after the 2pm release of the FOMC Minutes . The other possibility is that domestic volatility has been very lig..[read more]

TRID training; Capital Markets FAQs; Bank Ratings - Good News for US Bank and BofA
Wed, 20 May 2015 14:36:56 GMT

Posted To: Pipeline PressLots of folks here in New York were interested in Freddie Mac bumping its 2015 residential volume estimate to $1.35 trillion*, the upcoming holiday, and ARCH MI's day one relief program . And if you were an MLO and knew someo..[read more]

Mortgage Applications Continue Losing Streak
Wed, 20 May 2015 13:13:26 GMT

Posted To: MND NewsWireMortgage application volume continued a downward spiral during the week ended May 15. The Mortgage Bankers Association's (MBA's) Market Composite Index, a measure of application volume, was down 1.5 percent on a seasonally adju..[read more]

MBS Day Ahead: Markets Waiting For FOMC Today or Yellen Friday or Neither?
Wed, 20 May 2015 11:34:27 GMT

Posted To: MBS CommentaryMuch has been made of today's FOMC Minutes as some sort of defining moment in the potential long-term shift toward higher rates. Some say it's a red herring, and instead point to Yellen's speech on Friday. While b..[read more]

MBS RECAP: Ominous Movement in Rates Ahead of Fed
Tue, 19 May 2015 21:24:15 GMT

Posted To: MBS CommentarySomeone wants us to think that rates are heading abruptly higher. Well, to be fair, it's not so much about wanting anyone to think anything. It has more to do with someone (a lot of someones actually) making trades that a..[read more]

Mortgage Rates Back Near Recent Highs Ahead of Fed
Tue, 19 May 2015 19:41:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued higher at an unsettling pace today, following an exceptionally strong reading on Residential Construction data. This particular report doesn't historically cause a lot of rate volatility, but it ..[read more]

Can the Housing Recovery Handle Higher Rates?
Tue, 19 May 2015 18:00:01 GMT

Posted To: MND NewsWireThat headline question is the focus of the May Economic and Housing Outlook produced by Freddie mac's Office of the Chief Economist. The economic team, headed by Leonard Kiefer, Deputy Chief Economist, notes that housing stumbl..[read more]

MBS MID-DAY: Good, Old-Fashioned Central Bank Accommodation Trading
Tue, 19 May 2015 17:22:44 GMT

Posted To: MBS CommentaryRemember the "QE-on vs QE-off" trading in 2013? In an extremely overt way, stocks and bonds rallied and sold together based on constantly evolving prospects for Fed tapering. It occurred perfectly between the Fed meeting that..[read more]

FHA/VA Updates and Related Investor Guideline Changes - The New Handbook Dissected
Tue, 19 May 2015 15:41:44 GMT

Posted To: Pipeline PressThere are 1,700 capital markets folks wandering around Manhattan, and one of the topics is that one week Janet Yellen and other Fed officials are warning of an overblown stock market and a couple weeks later we're still setti..[read more]

Construction Numbers Highest Since 2007, Crushing Expectations
Tue, 19 May 2015 14:30:03 GMT

Posted To: MND NewsWireResidential construction numbers soared in April after a dismal March and both the number of residential permits issued and housing starts easily outpaced the expectations of analysts surveyed earlier by Reuters. The numbers we..[read more]

MBS Day Ahead: Bonds Still Have Room on Either Side of the Range Ahead of Fed
Tue, 19 May 2015 11:34:20 GMT

Posted To: MBS CommentaryThe Fed is yet to come this week and that could be the first good opportunity for bonds to decide on their next move from the past few days of consolidation. Actually, yesterday's closing levels were fairly close to those..[read more]

MBS RECAP: Another Bad Monday for Bonds; Game Over?
Mon, 18 May 2015 21:16:33 GMT

Posted To: MBS CommentaryAfter Thursday and Friday of last week mimicked the previous Thursday and Friday, it was fair to wonder if we'd get another ugly Monday today. While we did lose ground in terms of trading levels, the severity of the weakn..[read more]

MBA's Stevens calls for End to Policy by Enforcement
Mon, 18 May 2015 21:01:45 GMT

Posted To: MND NewsWire"Everyone working in the mortgage business feels like there is a giant target on their backs ," David H. Stevens said in remarks prepared for delivery today at the Mortgage Bankers Association's (MBA's) National Secondary Marke..[read more]

Mortgage Rates Begin Another Week Moving Higher
Mon, 18 May 2015 20:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher out of the gate for a second straight week, though today's jump was smaller than last Monday's. The most prevalent conventional 30yr fixed quote remains 4.0% for top tier borrowers, with a few..[read more]

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