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



leftnav photo




Real Estate News
Urban Institute Debunks Myth of Risky Small-Dollar Loans
Wed, 24 Apr 2019 14:45:23 GMT

Posted To: MND NewsWireConventional wisdom, according to the Urban Institute (UI), holds that small mortgages are riskier than large ones. That may be one reason that only one out of four homes sold for $70,000 or less in 2015 was financed with a mor..[read more]

MBS Day Ahead: Add Australia to The List of Overseas Economies Moving Markets
Wed, 24 Apr 2019 13:19:37 GMT

Posted To: MBS CommentaryWe can go years at a time without so much as a mention of Australia--at least not as it relates to the global economy. But now for the 2nd time in as many weeks, we've seen a noticeable market impact from the goings on in..[read more]

Non-QM, Document Products; News From FHA, VA, HFAs; Compass and API
Wed, 24 Apr 2019 13:08:34 GMT

Posted To: Pipeline PressHow often do you buy candles at retailer Pier 1? Me neither. Due to poor earnings Pier 1 Imports announced it will close another 45 stores (up to 150 if certain targets are not met). Sometimes reporters are prone to sensation..[read more]

Purchase Volume Takes a Hit, Responding to Rising Interest Rates
Wed, 24 Apr 2019 12:11:46 GMT

Posted To: MND NewsWireRising interest rates continued to take a toll on mortgage applications during the week ended April 19. Even purchase mortgage volume fell victim to the increasing rates after rising for six consecutive weeks. The Mortgage Bank..[read more]

MBS RECAP: Week's Important Events Still to Come
Tue, 23 Apr 2019 20:13:48 GMT

Posted To: MBS CommentaryWith each passing day this week, we're reminded that the most important events are yet to come. In fact, we may well be looking at only one significant event in the form of Friday's Q1 GDP reading. There are a few oth..[read more]

Mortgage Rates Move Up Despite Market Gains
Tue, 23 Apr 2019 19:42:00 GMT

Posted To: Mortgage Rate WatchWhen bonds make "gains," it means that bond prices are moving up. The price of a bond is like the amount that a lender is willing to pay for the right to collect a certain amount of interest. The more the lender is willi..[read more]

New Home Sales Best Estimates, Inventories Decline
Tue, 23 Apr 2019 15:37:55 GMT

Posted To: MND NewsWireNew home sales continued on a winning streak in March , increasing for the third straight month. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes were at a seasona..[read more]

Home Price Appreciation Hit the Brakes in February per FHFA
Tue, 23 Apr 2019 15:02:07 GMT

Posted To: MND NewsWireThe pace of home price appreciation slowed notably in February , at least as reflected in the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI). The index, which is calculated using home sales information from m..[read more]

MBS Day Ahead: Should we Care About Rising Oil Prices
Tue, 23 Apr 2019 13:41:33 GMT

Posted To: MBS CommentaryOil is one of the most fundamental economic inputs when it comes to determining costs and thus inflation. Inflation is one of the most fundamental inputs when it comes to determining the price of bonds. It certainly stands to..[read more]

Subservicer Products; Vendor Updates - Raising Money, Buying Lenders, and Using Blockchain
Tue, 23 Apr 2019 12:57:53 GMT

Posted To: Pipeline PressShould small, non-depository mortgage bankers be concerned about big banks renewing their interest in FHA loans? Probably. Bank of America is promoting its $0 origination fee FHA & VA programs. Speaking of low down payments, ..[read more]

Lenders Look to Technology Solutions to Increase Profitability
Tue, 23 Apr 2019 12:23:29 GMT

Posted To: MND NewsWireAs profit margins have continued to shrink, mortgage lenders have been seeking to utilize technology to reduce their production expenses which involve in part transmitting large volumes of data among several interconnected part..[read more]

MBS RECAP: Bonds Slump, But Trading Was Pretty Light
Mon, 22 Apr 2019 21:43:25 GMT

Posted To: MBS CommentaryThere's age old market wisdom that loosely suggests any given move should be taken more seriously if there's a lot of volume behind it. Deductively, we might conclude that moves backed by exceptionally light volume co..[read more]

Mortgage Rates Modestly Higher to Start The Week
Mon, 22 Apr 2019 20:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were higher again on Monday, but just barely. The average lender was still in worse shape on Tuesday or Wednesday of last week when rates were the highest they'd been in about a month. Rates reflect demand..[read more]

March Home Sales Couldn't Repeat February's Win
Mon, 22 Apr 2019 15:53:05 GMT

Posted To: MND NewsWireThe question this morning was whether March's existing home sales could build on the strong numbers posted in February, an 11.8 percent increase from the prior month with a seasonally adjusted pace of 5.51 million. It was the l..[read more]

MBS Day Ahead: Limited Data as Rates Try to Find Next Ceiling
Mon, 22 Apr 2019 13:48:55 GMT

Posted To: MBS CommentaryAre we or are we not headed toward a global economic contraction in mid-to-late 2019? Or are such things on hold for another year or two? Inquiring traders want to know. They'd been trading as if a contraction was a more ..[read more]

Non-QM, HELOC Products; Specified Pool Primer; LO Comp and Licensing Update
Mon, 22 Apr 2019 13:19:22 GMT

Posted To: Pipeline PressRemember NINA loans from 10-15 years ago where the lender would purposely discard anything in the file dealing with income because underwriters didn’t want documentation? Several lenders are now promoting no income, no ..[read more]

Fannie Mae: Residential Investment, Home Sales Will Improve in 2019
Mon, 22 Apr 2019 12:22:19 GMT

Posted To: MND NewsWireFor the second month in a row we find ourselves stating that Fannie Mae's forecast , while still predicting a slowdown in economic growth this year, appears overall more upbeat than in the previous month . The April report is s..[read more]

Residential Construction Lags Expectations, Except in the West
Mon, 22 Apr 2019 12:14:48 GMT

Posted To: MND NewsWireContrary to expectations, all three of the residential construction measures from the U.S. Census Bureau and the Department of Housing and Urban Development fell in March . Not only were they lower than in February, but they we..[read more]

MBS RECAP: Europe to The Rescue
Thu, 18 Apr 2019 18:31:04 GMT

Posted To: MBS CommentaryGlobal economic data is big business for the bond market these days. With no end in sight to the domestic economic expansion (note: 1.6% vs 0.9% f'cast in today's Retail Sales and another decades-long low in Jobless C..[read more]

Mortgage Rates Recover Modestly After Big Losing Streak
Thu, 18 Apr 2019 18:06:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have generally been moving higher since March 28th after they bottomed out at the lowest levels in well over a year. At the time, investors were tuned-in to the Fed's concerns about the global economy. Gra..[read more]

Lower Rates Have Slight Impact on New Loan Stats
Thu, 18 Apr 2019 15:01:06 GMT

Posted To: MND NewsWireContinuing declines in interest rates had some impact along the margins of loan originations in March. Ellie Mae's Origination Insight Report for March reports that 30-year fixed-rate mortgages originated during the month had a..[read more]

MBS Day Ahead: EU Weakness Helping US Bonds, But Don't Count Chickens
Thu, 18 Apr 2019 14:10:23 GMT

Posted To: MBS CommentaryDespite the presence of a big economic report like Retail Sales (which came out much higher than expected) or the unique event risk presented by the Barr report, the defining moment of the trading day will turn out to be the ..[read more]

Paper on FHA Changes; Tech Report; Compliance and Ops News
Thu, 18 Apr 2019 13:15:41 GMT

Posted To: Pipeline PressExperienced originators know that lending is a numbers game. Every 100 cold calls result in 20 conversations, which result in 5 potential leads, which result in 1 closed loan. Or whatever personal ratios are. Not only that, b..[read more]

Lenders Manage Tiny Profits in 2018 Despite Rate Hikes, Inventories
Thu, 18 Apr 2019 12:20:01 GMT

Posted To: MND NewsWireDespite their fourth quarter loss reported last month, independent mortgage banks and bank mortgage subsidiaries still managed, albeit barely, to stay in the black last year. The Mortgage Bankers Association (MBA) said that ban..[read more]

MBS RECAP: Bonds Battle Back After Opening Weakness
Wed, 17 Apr 2019 21:06:56 GMT

Posted To: MBS CommentaryAs feared, bonds were gearing up for the raft of big-ticket economic data in China overnight. On balance, that data was quite a bit better than expected. The resulting selling spree was thus fairly logical. 10yr yields nearly..[read more]

2018 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design