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Real Estate News |
Can't Count on Low Rates Forever, Right? Why QE3 Could be Expensive; HUD disaster relief
Thu, 23 May 2013 18:58:00 GMT
Posted To: Pipeline PressThe Fed giveth, and the Fed taketh away. Both stocks and bonds fell on Wednesday after a Q&A session with Ben Bernanke , and minutes from the latest U.S. Federal Reserve meeting, shed some uncertainty on the schedule of QE3. ..[read more]
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New Homes Hit Record Median Price in April, Sales Rise
Thu, 23 May 2013 17:41:24 GMT
Posted To: MND NewsWireNew home sales rose 2.3 percent on a seasonally adjusted basis in April to an annual rate of 454,000 units . The Census Bureau and the Department of Housing and Urban Development also revised the March estimate of new home sale..[read more]
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MBS MID-DAY: Treasuries Green, MBS Red
Thu, 23 May 2013 16:47:46 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Mortgage markets are less than thrilled with the broader move into higher rates that was effectively confirmed yesterday, and we have 2 negative reprice alerts on MBS Live , early in the ..[read more]
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Home Price Gains Triple Inflation, but Not Without Distressed Sales
Thu, 23 May 2013 16:10:59 GMT
Posted To: MND NewsWireAs has every other price-related report, the one issued by the Federal Housing Finance Agency (FHFA) today confirmed the upward momentum of home prices in the first quarter of 2013. FHFA's Home Price Index (HPI) rose 1.9 percen..[read more]
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FHFA Watchdog Sends Milestone Report to Congress
Thu, 23 May 2013 13:44:51 GMT
Posted To: MND NewsWireThe fifth Semiannual Report from the Office of Inspector General ( OIG ) of the Federal Housing Finance Agency ( FHFA ) was released to Congress today. The report, prepared under the direction of Steve A. Linick, Inspector Gene..[read more]
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The Day Ahead: MBS in Full Melt-Down Mode. What Next?
Thu, 23 May 2013 10:58:00 GMT
Posted To: MBS CommentaryThe idea of "tapering" the Fed's long term asset purchases isn't as new as the past two weeks might make it seem. It was most visibly introduced in early February when both Bullard and Fisher spoke out in favor of the notion...[read more]
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MBS Annihilated After Fed Confirms The Hype
Thu, 23 May 2013 00:11:03 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Today was among the worst on record for MBS since the carnage that was late 2010. We still have yet to see anything rival Black Wednesday's, but almost exactly 4 years after that 2+ poi..[read more]
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Why Did Mortgage Rates Skyrocket Past 2013 Highs on Wednesday?
Wed, 22 May 2013 22:10:00 GMT
Posted To: Mortgage Rate WatchMortgage rates were utterly destroyed today. Not only did the average rate move above the highest seen in 2013, but rates haven't been this high since May 22nd of 2012! Of course, there's the "everything's relative" pers..[read more]
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House Rejects CFPB Testimony on Qualified Mortgage Rule
Wed, 22 May 2013 19:11:58 GMT
Posted To: MND NewsWireMembers of a House Financial Services subcommittee issued a press release Tuesday afternoon which essentially dismissed testimony heard earlier in the day from two officials of the Consumer Financial Protection Bureau (CFPB) re..[read more]
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Distressed Sales Fall Under 25 Percent in California
Wed, 22 May 2013 19:04:00 GMT
Posted To: MND NewsWireIn April 2012 distressed properties accounted for 45.8 percent of home sales in California the states Association of Realtors® said Wednesday, but last month that share dropped to 24.4 percent and was down 3.5 points compar..[read more]
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Mel Watt Hearings; Current Origination Numbers; Foreclosure Process Slowdown Merely a Hiccup
Wed, 22 May 2013 16:51:10 GMT
Posted To: Pipeline PressYesterday the commentary mentioned a rumored shut down of MGIC's Capital Markets Group . I received this e-mail: "MGIC has indeed reorganized certain, but not all, activities that were previously performed by our Capital Mark..[read more]
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MBS MID-DAY: THIS IS WHY YOU WANT MBS LIVE!
Wed, 22 May 2013 16:41:00 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary If you read this commentary with any sort of frequency, you may have noticed a trend of late, where the mid-day recap has been coming out later than normal. As we've said, this happens wh..[read more]
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Despite Tight Credit and Inventories, Existing Home Sales and Prices Continue Recovery
Wed, 22 May 2013 16:24:00 GMT
Posted To: MND NewsWireExisting home sales remain constrained by limited inventory and tight credit but still managed to eke out a small increase in April the National Association of Realtors® (NAR) said today. Total existing home sales rose 0.6 ..[read more]
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Substantial Decline in Foreclosure Inventory Noted in LPS Report
Wed, 22 May 2013 15:29:58 GMT
Posted To: MND NewsWireLender Processing Services (LPS) has provided its regular advanced release of data from its Mortgage Monitor . This " first look " at April 2013 month-end mortgage performance data will be followed by the full report in early J..[read more]
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Mortgage Applications Fall Sharply as Rates Rise
Wed, 22 May 2013 12:33:37 GMT
Posted To: MND NewsWireA big drop in applications for refinancing dragged the Mortgage Bankers Associations Market Composite Index, a measure of mortgage applications volume , lower during the week ended May 17. The index was down 9.8 percent on a se..[read more]
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The Day Ahead: Has All the Hype Been Remotely Justified?
Wed, 22 May 2013 11:23:00 GMT
Posted To: MBS CommentaryWednesday May 22nd, and we finally get to see what all the fuss is supposedly about . The "fuss" or hype, if you prefer, was theoretically kicked into high gear by a somewhat bungled pre-release ' leak ' of a Hilsenrath story..[read more]
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MBS RECAP: Big Bounce Higher Ahead of Fed
Tue, 21 May 2013 20:28:39 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary In sort of an inverted reading of the recent script, bond markets weakened right out of the gate and began improving at 10am (several notable occasions in May have seen the opposite). F..[read more]
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Mortgage Rates Slightly Lower Ahead of Fed Minutes, Bernanke
Tue, 21 May 2013 19:32:00 GMT
Posted To: Mortgage Rate WatchMortgage rates finally caught a break, moving just slightly lower for only the second time this month. For some, the drop in rates may be too little too late as it still doesn't put much of a dent in the losses suffered ..[read more]
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Most Real Estate Investors in CA Plan on Selling Inside 6 Years
Tue, 21 May 2013 16:51:44 GMT
Posted To: MND NewsWireRecognizing that real estate investors have played a key role in the state's housing market recovery, the California Association of Realtors® (C.A.R.) recently surveyed its members about their interactions with investor cus..[read more]
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MBS MID-DAY: Bond Markets Rallying. Wait... What?
Tue, 21 May 2013 16:10:44 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Like a jilted lover learning how to trust again, MBS were tentative at first, and Treasuries hesitated at 1.97 as they descended from morning weakness, but both have rallied directionally..[read more]
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Freddie's Non-Usage Fees; LO Comp, Land Sales, and Reg. E Tidbits - It's a Compliance World
Tue, 21 May 2013 15:13:08 GMT
Posted To: Pipeline PressIf you're like me and rest your weary eyes each night by reading the Fair Housing Act of 1968, then you don't need to be told that the act " prohibits discrimination in the sale, rental, or financing of dwellings and in other..[read more]
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The Day Ahead: Recent Volatility Might be Logical
Tue, 21 May 2013 10:12:00 GMT
Posted To: MBS CommentaryThere continues to be little to do or say about the first two days of the week. For the most part, they merely serve as a sort of cruel waiting game (or torture rack) ahead of Wednesday's FOMC events. Those events include the..[read more]
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MBS RECAP: Another Hopeful Morning Dashed by Defensive Reality
Mon, 20 May 2013 20:44:10 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Bond markets got in this morning and quickly began undoing some of the damage done by the overnight trading session. Treasuries and MBS both opened flat to slightly stronger and made fu..[read more]
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Mortgage Rates Near 2013 Highs to Start Week
Mon, 20 May 2013 19:56:00 GMT
Posted To: Mortgage Rate WatchMortgage rates continued May's nearly constant trend higher to begin the week, though the pace of increases is slower compared to that seen on Friday. Even so, it brings rates dangerously close to their highest levels of..[read more]
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MBA Highlights Opportunity For Private Capital Risk-Sharing With GSEs
Mon, 20 May 2013 18:53:53 GMT
Posted To: MND NewsWireMaintaining that the conservatorships of Fannie Mae and Freddie Mac (the GSEs) have caused government involvement in the mortgage market to balloon to unhealthy proportions , the Mortgage Bankers Association (MBA) Monday releas..[read more]
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