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 RECAP: Bonds Manage to Close 'Unchanged' Despite Some Volatility
Sat, 19 Aug 2017 00:20:11 GMT

Posted To: MBS CommentaryIn the Day Ahead, we discussed bond traders' probable goals regarding keeping things as calm as possible. This depended on unexpected headlines and movements in external markets. Either of those were capable of throwing c..[read more]

More 2017 Lows for Rates; More Trump Drama
Fri, 18 Aug 2017 23:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower again. Drama surrounding the Trump administration was also present. But this time around, the political theater wasn't responsible for the move lower in rates. In fact, it resulted in multiple ..[read more]

Freddie Mac to Automate Appraisals for Some Purchase Mortgages
Fri, 18 Aug 2017 14:33:47 GMT

Posted To: MND NewsWireFreddie Mac announced today that, going forward, not every application for a purchase mortgage will necessarily trigger an appraisal . A new automated alternative to traditional appraisals, which the company introduced for refi..[read more]

Freddie Mac Puts Price on All-Cash Transactions
Fri, 18 Aug 2017 14:24:48 GMT

Posted To: MND NewsWireAs investors flooded into the housing market after it collapses, they brought cash with them. At one point, 35 percent of home sale transactions were closed without a mortgage, i.e. were all-cash sales. Home prices are up, the ..[read more]

Appraisal News; Lock Process Changes; HARP, CRT
Fri, 18 Aug 2017 12:50:33 GMT

Posted To: Pipeline PressBrad Pitt - a wannabe architect? In 2007, Pitt founded the Make It Right Foundation to build homes for families whose original residences had been washed away in Hurricane Katrina. Here's one - the "Tiny House" - very cool . ..[read more]

MBS Day Ahead: Most Traders Thinking "Don't Rock The Boat"
Fri, 18 Aug 2017 11:34:54 GMT

Posted To: MBS CommentaryA maritime analogy for bond trading in the Summertime... In the summer months especially, there's a boat-friendly baseline weather pattern offshore. Lest you think that's a generality that doesn't merit your full ..[read more]

MBS RECAP: Introducing The "Snow Cohn"
Thu, 17 Aug 2017 22:01:23 GMT

Posted To: MBS CommentaryWhat do you get when bond markets embark on a snowball rally due to headlines concerning Trump's Economic Advisor Gary Cohn? A delicious "Snow Cohn," of course (my team of writers assured me that was worth what I paid). I..[read more]

Trump Administration Drama Pushing Rates Even Lower
Thu, 17 Aug 2017 21:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell yesterday in response to a tweet about Trump disbanding his councils of CEOs. Twitter was in play again today . This time around it was Gary Cohn, Trump's economic advisor. Rather, it was rumors of Co..[read more]

Do's and Don't's For Divorce Attorneys (and Their Clients Owning Real Estate)
Thu, 17 Aug 2017 20:25:52 GMT

Posted To: Community CommentaryAs a mortgage loan officer, I typically work with home buyers who are moving up, buying their first house, or buying a vacation or investment house. My refinances are often rate and term – (lowering the client&rsq..[read more]

CoreLogic - Don't Overlook Rates in Affordability Discussions
Thu, 17 Aug 2017 19:33:27 GMT

Posted To: MND NewsWireAlthough home affordability is high, relative to pre-crisis levels, the rate at which their prices are increasing is cause for concern. Andrew LePage, CoreLogic Professional in Research Analysis, says the role of rising interes..[read more]

MBS Day Ahead: Trader Ghost Town Greases Skids For Volatility
Thu, 17 Aug 2017 14:22:45 GMT

Posted To: MBS CommentaryWith this morning's econ data already out and having no effect on bond markets, the only other report for the week is tomorrow morning's Consumer Sentiment--admittedly not the biggest market mover in the world. The ba..[read more]

Refis Enjoy Nice Bounce Thanks to Lowered Rates
Thu, 17 Aug 2017 14:04:14 GMT

Posted To: MND NewsWireThere is still life left in refinancing. While at nowhere near the levels of a few years ago, Ellie Mae's Origination Insight Report for July reported that the percentage of loans that were for refinancing increased by three po..[read more]

State-Level Licensing Law Changes; TRID-Related Process Changes
Thu, 17 Aug 2017 13:38:47 GMT

Posted To: Pipeline PressWhat will buildable land in Las Vegas set you back? The math is pretty easy: Toll Brothers has acquired 10 acres of vacant land at a once-bankrupt Summerlin condo complex for $10.3 million. But that is just the start of expen..[read more]

MBS RECAP: Bonds Rallied on Trump Tweet Before it Ever Came Out
Wed, 16 Aug 2017 21:28:56 GMT

Posted To: MBS CommentaryToday looked like it would be all about waiting for the Fed Minutes to see if there were any surprises. That plan began in fairly good shape, with only a mild rally following weaker residential construction data. By mid-day, ..[read more]

Mortgage Rates Back to 2017 Lows on Trump Tweet
Wed, 16 Aug 2017 21:05:00 GMT

Posted To: Mortgage Rate WatchMortgage rates dropped today after news broke (first rumors, then confirmation via Twitter) that President Trump was disbanding his councils of CEOs. The move apparently came in response to attrition among several CEOs f..[read more]

Pitiful Housing Supply Slighted Dampened Q2 Home Sales
Wed, 16 Aug 2017 14:57:05 GMT

Posted To: MND NewsWireHeadstrong is a rather interesting word, but the National Association of Realtors® (NAR) chose it to describe the continuing imbalance between supply and demand in the housing market. NAR blames this imbalance for slightly ..[read more]

Construction Indicators Slide, Housing Starts Suffer
Wed, 16 Aug 2017 13:54:57 GMT

Posted To: MND NewsWireAfter posting unexpectedly high numbers in June, all three residential construction indicators lost ground in July , and one, housing starts, is now running below its year-ago rate. While the softening is primarily in the multi..[read more]

MBS Day Ahead: How Much Might Today's Fed Minutes Matter?
Wed, 16 Aug 2017 13:32:20 GMT

Posted To: MBS CommentaryToday's biggest calendar item is the release of the FOMC Minutes at 2pm. The Minutes provide synopsis of the meeting that took place in the 2 days leading up to the official Fed announcement in late July. That announcemen..[read more]

More and More eClosings; Credit Score Trends: 850 FICO a Goal?
Wed, 16 Aug 2017 12:33:28 GMT

Posted To: Pipeline PressI’ve only been in this business since the mid-80s, and as a capital markets person always find it amusing when an owner says, “If it wasn’t for TBA pair off costs, we would REALLY be making money!” For..[read more]

Purchases Drag Down Mortgage Application Volume
Wed, 16 Aug 2017 12:17:40 GMT

Posted To: MND NewsWireA decline in applications for home purchases nearly overwhelmed the gain made by refinancing activity during the week ended August 11. The Mortgage Bankers Association reported that its Market Composite Index, a measure of appl..[read more]

MBS RECAP: Bonds Threaten Momentum Shift
Tue, 15 Aug 2017 20:15:24 GMT

Posted To: MBS CommentaryToday was mostly about North Korean de-escalation, and somewhat about stronger economic data. If you haven't heard 43 times already, North Korea graciously decided to hold off on their little plan to nuke Guam (though the..[read more]

Rates Rising as North Korea Talks Baseball
Tue, 15 Aug 2017 19:21:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from launching nuclear weapons at Guam because it was having such a good time watching the "foolish and stupid co..[read more]

Big Landlord Merger Sounds Scary but Probably Isn't
Tue, 15 Aug 2017 17:04:00 GMT

Posted To: MND NewsWireOne of the many shifts endured by the housing industry during the Great Recession was the entry of institutional investors into the single-family housing market. Hedge funds and other Wall Street types bought up thousands of si..[read more]

Nice Rebound in Builder Confidence - NAHB
Tue, 15 Aug 2017 14:31:42 GMT

Posted To: MND NewsWireBuilder confidence made a strong comeback this month , surprising analysts and belying some of the gloom expressed by the National Association of Home Builders (NAHB) earlier this week about construction labor problems. NAHB sa..[read more]

Lender's New Capital Partner; Conferences and Training Coast to Coast
Tue, 15 Aug 2017 13:17:17 GMT

Posted To: Pipeline PressThe science of persuasion? Any good salesperson, or LO, can talk someone into buying just about anything using scarcity, reciprocity, commitment, social proof, authority, and liking. Here's a good article to share with your l..[read more]

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