Sarah O'Shea Munoz, GRI, ABR, SFR
O'Shea Munoz Homes
101 N Oak Park Avenue
Oak Park, IL 60301
Direct: (708) 359-1570

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Real Estate News
MBS RECAP: Bonds Keep Reasonable Amount of Brexit Mega-Rally
Fri, 24 Jun 2016 20:32:37 GMT

Posted To: MBS Commentary10yr yields were as low as 1.406 overnight, but moved up to the mid 1.5's by the close MBS were up nearly 7/8ths of a point at their best, but will have to settle for "only" about 5/8ths of a point Trading was driven by B..[read more]

Single Best Day For Mortgage Rates in More Than a Year
Fri, 24 Jun 2016 17:04:00 GMT

Posted To: Mortgage Rate WatchMortgage rates plummeted today following the surprise victory of the referendum for the U.K. leaving the European Union (aka "Brexit"). This joins the ranks as one of the few days in history where rates have moved a full..[read more]

CFPB Targets Servicer Technology in Updated Exam Procedures
Fri, 24 Jun 2016 15:24:54 GMT

Posted To: MND NewsWireAfter two years of supervision and examinations of mortgage servicers by the Consumer Financial Protection Bureau (CFPB) the agency has criticized the industry's level of compliance and issued an updated mortgage servicing exam..[read more]

NY Servicers Dealt Blow; Ocwen's $30 Million Settlement; Brexit: Renegotiations and Margin Calls?
Fri, 24 Jun 2016 15:17:04 GMT

Posted To: Pipeline PressAt Happy Hour tonight, besides talking about refis, you can throw this one out: the number of homes worth $1 million has doubled in the last 4 years . Of course 2012 was pretty much the bottom of the real estate market, and i..[read more]

MBS Day Ahead: Brave New World, Part 2: Brexit Milestone
Fri, 24 Jun 2016 13:25:00 GMT

Posted To: MBS CommentaryFor a variety of reasons and for more than a year, the MBS Live community and I have periodically revisited the general topic of a "brave new world." This is a world where the biggest global economies get caught up in a "race..[read more]

BRRRREXIT!! Rates Plummet Toward All-Time Lows
Fri, 24 Jun 2016 04:20:49 GMT

Posted To: MBS CommentaryFOLLOW THE LATEST BREXIT UPDATES on MBS LIVE with FREE TRIAL CODE: BREXIT So what are we seeing? At this point, most major media outlets are "calling it" in favor of Brexit , "leave," whatever you want to call it. Folk in the..[read more]

MBS RECAP: One Last Bump Before Brexit Results
Thu, 23 Jun 2016 19:56:57 GMT

Posted To: MBS CommentaryBonds bumped higher in yield by Brexit polls overnight Brexit vote is ongoing and results won't be final until early tomorrow morning No impact from economic data today Neither side of the Brexit trade is fully priced-in,..[read more]

All-Cash Home Sales Down Sharply
Thu, 23 Jun 2016 19:39:23 GMT

Posted To: MND NewsWireA third of home sales in March were all-cash transactions according to CoreLogic. This was a decrease of 2.8 percentages points, the company termed it a sharp drop , from February. CoreLogic also said that the average cash shar..[read more]

Mortgage Rates Prepare to React to Brexit
Thu, 23 Jun 2016 19:07:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher for the 5th day in a row as financial markets prepare for the results of the U.K. referendum on its European Union membership (aka "Brexit"). In general, rates are expected to rise if the U.K...[read more]

New Home Sales Retreated in May, April Revised Lower
Thu, 23 Jun 2016 15:00:00 GMT

Posted To: MND NewsWireNew home sales dropped back in May after a reported 16.6 percent surge the previous month, an increase that was revised down from what was first reported. The U.S. Census Bureau and Department of Housing and Urban Development s..[read more]

Lender, MI, and Bank Strategic Alliances; Structural Price Changes Impacting Borrowers
Thu, 23 Jun 2016 14:04:22 GMT

Posted To: Pipeline PressJobs and housing make up the lion’s share of our economy, and the two intersect when a house is being built. But what is the exact impact? For any LO giving a presentation to a builder or real estate agent, here’s..[read more]

MBS Day Ahead: Time To Play Brexit Results Game
Thu, 23 Jun 2016 12:30:15 GMT

Posted To: MBS Commentary2 more Brexit polls out overnight. Both leaning toward "remain" "Remain" = terrible for bond markets More polls and possibly even some early results will trickle in throughout the day There is also the potential hedge fund im..[read more]

MBS RECAP: Bond Markets Gain Some Ground, But Stay Away From "The Gap"
Wed, 22 Jun 2016 20:04:09 GMT

Posted To: MBS CommentaryBonds make token gains ahead of Brexit day Brexit poll and Treasury auction helped But trading levels are still well above "the gap" set on Monday Bond markets began the overnight session repeating a similar pattern from the ..[read more]

Mortgage Rates Higher Still Despite Market Improvement
Wed, 22 Jun 2016 19:05:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were higher for a 4th straight day today. That is a bit of a puzzler at first glance because bond markets are showing improvements from yesterday. 10yr yields are 0.02% lower and even the mortgage-backed-s..[read more]

Most Distressed Properties Now Simply Delinquent
Wed, 22 Jun 2016 18:28:18 GMT

Posted To: MND NewsWireDistressed properties nationwide now total significantly less than 3 million according to data released on Wednesday by Black Knight Financial Services. The majority of that number are now past due for less than 90 days. The co..[read more]

Existing Home Sales and Prices Reach Milestone Highs
Wed, 22 Jun 2016 15:05:00 GMT

Posted To: MND NewsWireThe median price of an existing home reached an all-time high in May and sales hit their highest pace in nearly a decade . The National Association of Realtors® (NAR) said on Wednesday said completed sales of single-family ..[read more]

Commercial and Multi-Family Market - Growing Weary; E-Signature Verification Webinar and Other Events
Wed, 22 Jun 2016 15:03:04 GMT

Posted To: Pipeline PressI've mentioned the upcoming changes to the 1003 form, the Uniform Residential Loan Application, and mentioned that the "target implementation date is 1/1/17 (think HMDA)." Several astute readers pointed out that the date for ..[read more]

Price Gains Pull Back on FHFA Index
Wed, 22 Jun 2016 14:27:42 GMT

Posted To: MND NewsWireThe pace of home price increases, at least for purchases financed by Fannie Mae and Freddie Mac, slowed in April, falling below even the most modest of analysts' projections. The Federal Housing Finance Agency (FHFA) reports th..[read more]

MBS Day Ahead: Yellen Circus Sending in Clowns; Brexit Countdown Shrinks; Last Auction
Wed, 22 Jun 2016 13:12:04 GMT

Posted To: MBS CommentaryYellen's congressional testimony moves to House Financial Services Committee--always a "good show." Bond markets consider leveling-off ahead of Brexit decision End of the week's Treasury auction cycle (maybe informati..[read more]

Refinancing up as Jumbo Rates hit 5-Year Low
Wed, 22 Jun 2016 12:11:19 GMT

Posted To: MND NewsWireRefinancing gained ground as interest rates fell during the week ended June 17. The Mortgage Bankers Association (MBA) reported that refinancing rebounded to a 57.7 percent share of all applications compared to 55.3 percent the..[read more]

MBS RECAP: Bonds Continue Back-Tracking Before Brexit Vote
Tue, 21 Jun 2016 20:03:40 GMT

Posted To: MBS CommentaryTreasuries and MBS spent most of morning in positive territory Weakness kicked in during/after Yellen testimony Markets were waiting for encore from last week's "bond-friendly Yellen" Instead, she was balanced, thus no re..[read more]

Mortgage Rates Highest in 2 Weeks
Tue, 21 Jun 2016 18:36:00 GMT

Posted To: Mortgage Rate WatchMortgage rates remained under pressure today, moving up to the highest levels in two weeks. Financial markets are in the process of undoing some of their defensive maneuvers ahead of this week's referendum vote on the U...[read more]

Don't Blame Lack of Good Homes for All Housing's Woes
Tue, 21 Jun 2016 18:15:00 GMT

Posted To: MND NewsWireThe biggest complaint in the spring homebuying season was simply that there weren't enough homes to buy . Demand is strong for housing, but listings are low and getting lower. That supply strain has put strong upward pressure o..[read more]

New DU Date Set; 48 Hours to Brexit Vote - Traders Prepare; 1003 News
Tue, 21 Jun 2016 14:45:13 GMT

Posted To: Pipeline PressToday I am in Kansas City, where it is “only” 96 degrees. Phoenix hit 119 degrees this week. Let’s ask the folks over there what they think about housing made out of metal shipping containers . Seriously, in..[read more]

MBS Day Ahead: Hoping For Consolidation vs Correction
Tue, 21 Jun 2016 12:51:31 GMT

Posted To: MBS Commentary"Consolidation" would mean yesterday's high yields were a short-term ceiling "Correction" would mean more pain for bond markets Yellen speaks at congress... today's only key event Will she strike a similar tone to las..[read more]

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