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
CoreLogic: Slow Start for Cash Sales this Year
Thu, 28 Jul 2016 20:59:19 GMT

Posted To: MND NewsWireCash sales continued to account for a significant portion of all home sales in April. CoreLogic said on Wednesday that 31.6 percent of home sales that month were all cash , down 1.6 percentage points from March and 2.8 points f..[read more]

MBS RECAP: Bonds Hold Gains Despite Stock Bounce; MBS Outperform
Thu, 28 Jul 2016 20:57:56 GMT

Posted To: MBS CommentaryIn the bigger picture, today was all about confirming and consolidating yesterday's gains. Trading levels held inside narrow ranges for both MBS and Treasuries, and neither were flustered when stocks swooped back up towar..[read more]

Best Day Since Brexit For Mortgage Rates
Thu, 28 Jul 2016 19:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell at the quickest pace in more than a month today as lenders priced-in the market improvements seen after yesterday's Fed Announcement. Even though quite a few lenders offered improvements yesterday aft..[read more]

EverBank On The Block; First Time Buyer Survey; Servicing Market Troubles Hitting Rates
Thu, 28 Jul 2016 13:44:31 GMT

Posted To: Pipeline PressI don’t know how it is that we only have two business days left in July – time flies. For me this month has included Honolulu, Denver, Sacramento, San Francisco, and now Austin for several days – pretty nift..[read more]

MBS Day Ahead: Momentum Should Be in Our Favor, But Challenges Remain
Thu, 28 Jul 2016 13:06:40 GMT

Posted To: MBS CommentaryOne tricky thing about technical analysis (things like moving averages and other mathematical formulas applied to charts in order to get them to cough up more information about where they might be going) is that the relevance..[read more]

MBS RECAP: Fed Wasn't Hawkish Enough to Scare Bonds
Wed, 27 Jul 2016 20:49:13 GMT

Posted To: MBS CommentaryDovish vs Hawkish : This refers to how accommodative the Fed's policy stance might be. Have you ever seen a hawk stare down its prey? That's how a hawkish Fed looks at inflation (i.e. "I'm really close to swooping..[read more]

Mortgage Rates Move Down Following Fed Announcement
Wed, 27 Jul 2016 19:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly lower today, although that's only true for lenders who issued mid-day improvements following the Fed's policy announcement. Markets were, by no means, expecting the Fed to hike rates today, ..[read more]

Differences Between Current and Previous FOMC Statements
Wed, 27 Jul 2016 18:01:00 GMT

Posted To: MBS Commentary(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in April June indicates that the pace of improvement in the labor market has slowed while..[read more]

Pending Home Sales Stabilize, But Miss Estimates
Wed, 27 Jul 2016 14:39:26 GMT

Posted To: MND NewsWirePending home sales eked out, although only barely, an increase in June after a falling by an unexpectedly large percentage in May. The National Association of Realtors® said its Pending Home Sales Index (PHSI) ticked up 0.2..[read more]

Fannie Mae Upgrades 3 Percent-Down Mortgage Program
Wed, 27 Jul 2016 12:59:37 GMT

Posted To: MND NewsWireFannie Mae has made changes to its HomeReady mortgage program that allows borrowers to obtain a mortgage with as little as a 3 percent downpayment. The enhancements change income maximums and eligibility criteria and alter seve..[read more]

Interactive Tool Shows Why Affordable Housing is MIA
Wed, 27 Jul 2016 12:57:37 GMT

Posted To: MND NewsWireThe statistics are no surprise. The Urban Institute says for every 100 extremely low income households there are only 29 adequate, affordable, and available rental units. A two parent household with both parents working minimum..[read more]

Vendor Updates, New Encompass; Small Lender Purchased; Challenges For First Time Buyers
Wed, 27 Jul 2016 12:51:29 GMT

Posted To: Pipeline PressOne of the biggest challenges faced by business owners today is attracting and retaining great people. Millennials and those with diverse ethnic backgrounds make up an enormous part of today's workforce, at this point larger ..[read more]

Refinancing Applications Plunge as Rates Tick Up
Wed, 27 Jul 2016 12:22:08 GMT

Posted To: MND NewsWireMortgage applications took a significant downturn during the week ended July 22 as mortgage rates moved off of historic lows. The Mortgage Bankers Association said its Market Composite Index, a measure of that applications volu..[read more]

MBS Day Ahead: Consolidations Are Everywhere And This One's About to Break
Wed, 27 Jul 2016 12:21:03 GMT

Posted To: MBS CommentaryFirst thing's first: "consolidation" refers to a pronounced narrowing of a trading range after an uptrend or downtrend. Consolidations can occur with a slight positive or negative bias (as long as the trading range is nar..[read more]

MBS RECAP: "New Narrow" Goes The Distance Ahead of Fed
Tue, 26 Jul 2016 22:26:02 GMT

Posted To: MBS CommentaryLast week saw the yields increasingly hold inside the " new narrow " range between 1.54 and 1.59. Frankly, I felt like it was a long shot for that range to persist all the way to Fed day, yet here we are on the eve of tomorro..[read more]

Mortgage Rates at 1-Month Highs
Tue, 26 Jul 2016 20:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly higher today, and are now effectively at the highest levels in month. That sounds a bit more dire than it is, though, because there hasn't been much movement in the bigger picture--especiall..[read more]

Foreclosure Starts Buck Generally Positive Mortgage Trends
Tue, 26 Jul 2016 15:39:13 GMT

Posted To: MND NewsWireForeclosure starts rose in June for the second month in a row but Black Knight Financial Services, in its "first look" at the month's mortgage performance data, says the increase did not keep starts in the second quarter of 201..[read more]

Price Appreciation Slowing Down -Case-Shiller
Tue, 26 Jul 2016 14:43:54 GMT

Posted To: MND NewsWireThe newly named S&P CoreLogic Case-Shiller Indices noted a continued rise in prices across the country although some monthly indices declined . The National Index which covers all nine census divisions, rose 5.0 percent on a no..[read more]

New Home Sales Surge to 8-Year High
Tue, 26 Jul 2016 14:37:44 GMT

Posted To: MND NewsWireSales of newly constructed homes posted a gain in June, rising 3.5 percent from the May estimate. The Census Bureau and the Department of Housing and Urban Development put new home sales for the month at a seasonally adjusted a..[read more]

FHA, VA, IRS, and Renegotiation Policy Changes; Upcoming Training and Events
Tue, 26 Jul 2016 13:13:14 GMT

Posted To: Pipeline PressThe capital markets are always changing, and the latest news to turn some heads is that JPMorgan Chase is streamlining its operations and will no longer settle Treasury trades for most dealers by the end of 2017. SIFMA data s..[read more]

MBS Day Ahead: It Could Change Any Moment (but Probably Won't)
Tue, 26 Jul 2016 13:03:35 GMT

Posted To: MBS CommentarySmart stakeholders in financial markets tend to avoid assuming or asserting that particular trading levels WILL behave in a particular way. There are always too many things that could happen, and we've seen seemingly logi..[read more]

MBS RECAP: Visually Slightly Weaker, but Effectively Sideways
Mon, 25 Jul 2016 20:30:25 GMT

Posted To: MBS CommentaryBond markets did nothing wrong today. There was a bit of red on trade screens (indicating modestly higher yields in Treasuries and lower MBS prices), but it was completely incidental in the bigger picture. Case in point, we&#..[read more]

Mortgage Rates Continue Sideways Slide Ahead of Fed
Mon, 25 Jul 2016 20:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged again today, making three out of the past 4 days where rates haven't budged and 6 out of the past 7 days where rates moved by 0.01% or less, on average. That's an exceptionally narrow range,..[read more]

Mountain West Home Prices Climb Higher -Black Knight
Mon, 25 Jul 2016 14:59:19 GMT

Posted To: MND NewsWireA strong market in the Mountain West drove U.S. home prices up 1.1 percent in May. The Black Knight Home Price Index (HPI) put Idaho , Utah , and Colorado in the top five states for price increases and metropolitan areas in the..[read more]

Fannie, Freddie, And Lender Updates; New Non-QM and Pricing Engine Products
Mon, 25 Jul 2016 13:47:54 GMT

Posted To: Pipeline PressEvery day we have news coming out of Fannie Mae and Freddie Mac. Some of the news is attempts at changing the structure of the two – being under government conservatorship under the FHFA is not a long-term solution &nda..[read more]

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