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: Paradoxical Afternoon Rally Ends 3 Day Losing Streak
Thu, 21 Aug 2014 20:29:51 GMT

Posted To: MBS CommentaryOne week ago tomorrow, Treasuries fell to their lowest yields in over a year after Ukraine said it blew up part of a Russian convoy. Until yesterday afternoon, bond markets had been exclusively focused on taking measured step..[read more]

Mortgage Rates Slightly Lower Despite Stronger Economic Data
Thu, 21 Aug 2014 19:46:00 GMT

Posted To: Mortgage Rate WatchMortgage rates ended a 3-day losing streak , moving modestly lower today. This wasn't the case in the morning, but several lenders released positively-revised rate sheets in the afternoon. As such, some lenders still hav..[read more]

Existing Home Sales Hit 2014 Peak in July
Thu, 21 Aug 2014 15:46:48 GMT

Posted To: MND NewsWireExisting home sales in July hit their best pace so far this year the National Association of Realtors® (NAR) said today, reflecting a 2.4 percent increase from June to a seasonally adjusted annual rate of 5.15 million units..[read more]

HARP Refinance Share Dropped in Second Quarter
Thu, 21 Aug 2014 15:44:38 GMT

Posted To: MND NewsWireTotal refinances through completed through Freddie Mac and Fannie Mae (the GSEs) in the second quarter topped 344,000. The Federal Housing Finance Agency (FHFA) said that Fannie Mae accounted for 211,825 and Freddie Mac 132,688..[read more]

Distressed Sales Down 2/3 from Peak
Thu, 21 Aug 2014 15:31:15 GMT

Posted To: MND NewsWireIt seems hard to imagine, but CoreLogic said on Wednesday that once-upon-a time, before the housing crisis, the sale of distressed homes made up only a miniscule 2 percent of the home sale market . Still, much progress has been..[read more]

Barclays-Thornburg Settlement; Every CEO Should be Watching BofA & Mozilo Events
Thu, 21 Aug 2014 15:28:00 GMT

Posted To: Pipeline PressA credit report is enough to completely steal a person's identity . It is? Does it take a few weeks? No - it takes 3 minutes . And we wonder why LOs and those involved in the loan file must have the utmost integrity... I am s..[read more]

MBS MID-DAY: Bond Markets Off Best Levels, but No Frantic Reversal After Stronger Data
Thu, 21 Aug 2014 15:18:02 GMT

Posted To: MBS CommentaryIt's been a pleasantly resilient day for MBS and Treasuries so far. After a completely uneventful overnight session, both opened just slightly weaker. Jobless Claims were stronger than expected, but bond markets improved ..[read more]

MBS Day Ahead: Busiest Day of Economic Data This Week
Thu, 21 Aug 2014 11:42:57 GMT

Posted To: MBS CommentaryToday's calendar of scheduled events is the busiest of the week with Jobless Claims at 8:30am followed by Philly Fed and Existing Home Sales at 10am. All the reports are important as Jobless Claims covers the week that co..[read more]

MBS RECAP: Bond Markets Dirty Secret About the Past Three Days
Wed, 20 Aug 2014 21:19:05 GMT

Posted To: MBS CommentaryBond markets have a secret. Or rather, we have to pretend like it's a secret in order to turn something very boring into something remotely interesting. But this way, at least if your friends and colleagues attempt to dra..[read more]

Mortgage Rates Move Higher After Fed Minutes
Wed, 20 Aug 2014 20:36:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were higher for a third straight day as financial markets continue a measured correction from last Friday's volatility. At that time, headlines concerning Ukraine destroying a Russian armored convoy caused..[read more]

Housing Market Improvements Changing The Approach for Investors
Wed, 20 Aug 2014 18:35:56 GMT

Posted To: MND NewsWireRealtors responding to a recent survey by the California Association of Realtors® (C.A.R.) reported that investors and investor sales are a shrinking part of their business. Investor transactions made up an average of 32 pe..[read more]

MBS MID-DAY: Back Into Positive Territory After Opening Weaker
Wed, 20 Aug 2014 16:25:50 GMT

Posted To: MBS CommentaryMBS are outperforming Treasuries today and have been flirting with positive territory heading into the noon hour. Treasuries are still about 1bp higher than yesterday. Bond markets were weaker overnight, led primarily by Lond..[read more]

CFPB Issues Servicing Rules, Annual CARD, HOEPA, and QM Adjustments; Upcoming Events
Wed, 20 Aug 2014 14:19:50 GMT

Posted To: Pipeline PressThe CFPB released a bulletin outlining expectations for mortgage servicers that transfer loans; bulletin includes information on how mortgage servicers should pay attention to new rules protecting consumers applying for loss ..[read more]

Refinancing Rebounds Slightly as Rates Dip; Purchases Slide
Wed, 20 Aug 2014 12:51:07 GMT

Posted To: MND NewsWireAs interest rates pulled back last week, refinancing drove mortgage application activity slightly higher . The Mortgage Bankers Association said that its Market Composite Index, a measure of application volume, increased 1.4 pe..[read more]

MBS Day Ahead: The Only Games in Town are FOMC Minutes and Headline-Watching
Wed, 20 Aug 2014 11:28:00 GMT

Posted To: MBS CommentaryBond markets have endured 2 days of losses so far this week. Both days have also been prime examples of illiquid summertime trading. This simply means that there are few warm bodies at trade desks, fewer hours being worked, l..[read more]

MBS RECAP: Volatile Morning Takes MBS Into The Red, Flat Afternoon Leaves Them There
Tue, 19 Aug 2014 20:15:22 GMT

Posted To: MBS CommentaryEverything that happened in bond markets today, happened before noon. Whether this was a factor of European markets contributing to the volatility or simply another afternoon during August isn't readily apparent, but both..[read more]

Mortgage Rates Continue Higher Erasing Last Week's Gains
Tue, 19 Aug 2014 18:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued moving higher today after headlines suggested a chance for deescalation in Ukraine. It was the geopolitical risk in Ukraine that coincided with a strong move lower on Friday. Strong economic data..[read more]

MBS MID-DAY: Bonds Turn Negative After Stronger Start
Tue, 19 Aug 2014 16:33:33 GMT

Posted To: MBS CommentaryRelative to yesterday's exceptionally linear trading, prices have been much more volatile today. The overnight session was constructive for global bond markets with soft UK inflation data benefiting European and US bond m..[read more]

Residential Construction Metrics Rose Significantly in July
Tue, 19 Aug 2014 14:45:04 GMT

Posted To: MND NewsWireTwo important measures of strength in the housing and construction industries moved substantially higher in July the U.S. Census Bureau and the Department of Housing and Urban Development said today. The number of permits issue..[read more]

Affiliated-Envoy Lawsuit; MBA Networking Groups; MISMO Update; Recent Agency News
Tue, 19 Aug 2014 14:42:57 GMT

Posted To: Pipeline PressIt is fun to see that U.S. homebuilder confidence rose to a seven-month high, primarily driven by lower mortgage rates and an improving jobs market which have pushed buyers into the housing market. But as we all know, last we..[read more]

MBS Day Ahead: Econ Data Arrives, But Sounds Like Trees Falling on Deaf Ears
Tue, 19 Aug 2014 11:43:03 GMT

Posted To: MBS CommentaryIt remains to be seen whether today's economic data will even matter given the incredibly light participation so far this week. In other words, today's normally meaningful reports could be like trees falling in the wo..[read more]

MBS RECAP: Constant, Slight Selling Pressure Adds Up By Close
Mon, 18 Aug 2014 21:23:08 GMT

Posted To: MBS CommentaryThe day started out inoffensively enough with MBS and Treasuries only down slightly from Friday's latest levels. Those were also incidentally the best closing levels of the year for MBS apart from 2 days at the end of May..[read more]

Mortgage Rates Higher, But Still Among Year's Best
Mon, 18 Aug 2014 21:23:00 GMT

Posted To: Mortgage Rate WatchAfter hitting the lowest levels in over 2 months on Friday, mortgage rates bounced almost all the way back to Thursday's levels. That's somewhat significant as the drop between Thursday and Friday was one of the stronges..[read more]

CFPB Calculates 2015 Changes to HOEPA, QM Loan Thresholds
Mon, 18 Aug 2014 20:21:11 GMT

Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) has increased threshold amounts for loans governed by various trigger limits under Qualified Mortgages (QM) and Ability-to-Repay (ATR) Rules. Under Regulation Z of the Truth in Le..[read more]

MBS MID-DAY: Holding Ground at Slightly Weaker Levels; Typical Monday Quietness
Mon, 18 Aug 2014 16:11:20 GMT

Posted To: MBS CommentaryAs is frequently the case for Monday's during the summer, bond markets have not been very active. Trading levels have remained in a narrow range as well, with Fannie 3.5s occupying only about a quarter of Friday's ran..[read more]

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