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
Purchase Loan Volume up, Loan Size at Record High
Wed, 25 May 2016 11:58:17 GMT

Posted To: MND NewsWireMortgage applications increased last week driven by a significant uptick in applications for purchase mortgages. Refinance volume rose only fractionally. Overall, applications for mortgages, as measured by the Mortgage Bankers ..[read more]

MBS RECAP: Bonds Lose Ground, Casting Doubt on Sideways Theme
Tue, 24 May 2016 21:37:58 GMT

Posted To: MBS CommentaryBonds were weaker throughout European hours (3am to 1pm) Stock prices moved significantly higher and were well-correlated with bond losses 10yr yields avoided breaking above last week's ceiling But negative technical mome..[read more]

Mortgage Rates Higher in Some Cases
Tue, 24 May 2016 21:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were mixed today, depending on the lender. Some lenders adjusted rates higher in the middle of the day to reflect bond market weakness while others maintained the same rate sheets all day long. The lenders..[read more]

New Home Sales Skyrocketed in April, Probably...
Tue, 24 May 2016 14:34:56 GMT

Posted To: MND NewsWireNew home sales surged in April after a disappointing report in March. The Census Bureau and the Department of Housing and Urban Development said today that sales were at a seasonally adjusted annual rate of 619,000, an increase..[read more]

Are Some Borrowers "Self-Sidelining"?
Tue, 24 May 2016 14:29:52 GMT

Posted To: MND NewsWireCoreLogic has looked at an apparent contradiction in purchase loan originations that has emerged since the housing bubble burst. Why, CoreLogic economist Archana Pradhan asks in an article in the company's Market Trends blog, i..[read more]

Setback for DOJ in BofA Case; TRID's Impact in Capital Markets; Are MBS Markets Liquid?
Tue, 24 May 2016 13:56:22 GMT

Posted To: Pipeline PressWhat do banks have that non-bank residential lenders don’t? The fifth annual “State of Financial Marketing” survey conducted by The Financial Brand found the top products that banks most heavily market are m..[read more]

MBS Day Ahead: Crude Realities and a Tipping Point on Rate Hike Expectations
Tue, 24 May 2016 13:11:51 GMT

Posted To: MBS CommentaryBonds continue sideways grind in bigger picture Lots of focus remaining on Oil prices in news and analytical community Is it justified? As bond markets continue operating in a painfully narrow range following last week's ..[read more]

MBS RECAP: Bonds Still Not Moving Since Last Week's Fed Minutes
Mon, 23 May 2016 21:18:13 GMT

Posted To: MBS CommentaryThe title says it all Overnight session was calm European bonds were weaker at the close, putting pressure on US bond markets Bonds bounced back after Europe closed to end flat for 3rd straight day There were no significant e..[read more]

Mortgage Rates Continue Sideways for 3rd Straight Day
Mon, 23 May 2016 20:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were relatively steady again , marking the third straight business day with almost no rate movement following last week's quick spike higher. That spike was all about financial markets quickly coming to te..[read more]

Foreclosures Hit Ironic Milestone
Mon, 23 May 2016 14:03:03 GMT

Posted To: MND NewsWireApparently the foreclosure crisis has undergone so much healing that it is no longer particularly newsworthy . We conclude that because, for the first time in recent memory, RealtyTrac, the Irvine California company that has tr..[read more]

HR 2121 Up For Vote; Freddie's New Security, Fannie's New Board Member
Mon, 23 May 2016 13:50:02 GMT

Posted To: Pipeline PressMy memory's not as sharp as it used to be. Also, my memory's not as sharp as it used to be. The Bureau of Labor Statistics reports nearly 20% of Americans 65 or older are currently working, the highest level since the 1960s. ..[read more]

MBS Week Ahead: Clock Ticks on New Era For Bonds, but Until Then...
Mon, 23 May 2016 13:43:27 GMT

Posted To: MBS CommentaryAfter 2012, low rates in US have followed Europe Even then, US rates have set their own limits Now we're bouncing along those limits again and 'consolidating' The next distinct move begins a new era for rates We&#..[read more]

Slow Start for 2016 Cash Sales
Fri, 20 May 2016 21:22:00 GMT

Posted To: MND NewsWireA decrease in cash sales in February put 2016 on track to have the lowest share of such transactions in eight years. CoreLogic said that all cash purchases accounted for 35.7 percent of all home sales in February, a decline of ..[read more]

MBS RECAP: Bonds Abstain for 2nd Day Following FOMC
Fri, 20 May 2016 21:04:38 GMT

Posted To: MBS CommentaryOne of the most anticlimactic days in recent memory bonds did nothing other than shuffle through some incidental 'housekeeping' trades yields closed in same spot for 3rd straight day bigger decisions on hold (again) T..[read more]

Mortgage Rates Hold Eerily Steady
Fri, 20 May 2016 20:28:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held mostly steady today, as some lenders were just barely higher and others slightly lower than yesterday's latest levels. With that, the damage seen on Wednesday is still very much intact, meaning that a..[read more]

Condo Sales Stoke Existing Home Numbers
Fri, 20 May 2016 14:57:32 GMT

Posted To: MND NewsWireThe National Association of Realtors® (NAR) said today that existing home sales sustained their recent momentum into April and rose 1.7 percent compared to March. Completed transactions that include single-family homes, tow..[read more]

MI Industry Gossip; HUD settlement; DOJ Goes After Guild Mortgage; Guild's response
Fri, 20 May 2016 14:26:07 GMT

Posted To: Pipeline PressRegarding this week’s MBA Secondary Marketing conference Marcus Lam with Opes Advisors writes, “Obviously this is not the most important thing, but the corporate swag this year stunk. Last year we came away with n..[read more]

MBS Day Ahead: The Irony of Axl Rose And The Bigger Picture
Fri, 20 May 2016 13:14:05 GMT

Posted To: MBS CommentaryIt is the bigger picture, as opposed to day-to-day minutia that will drive trading momentum Trading levels and technicals suggest an utterly indecisive market in the bigger picture Where do we go now? Are we about to rock? It..[read more]

MBS RECAP: Bond Markets Abstain; Where do We Go Now?
Thu, 19 May 2016 20:54:35 GMT

Posted To: MBS CommentaryBonds undergo token correction after yesterday's rout technicals remain precarious Fed speeches were in focus, but turned out to be fairly non-threatening where do we go now? Bond traders are singin' Sweet Child of Mi..[read more]

Mortgage Rates Recover Somewhat, But Not Out of Woods
Thu, 19 May 2016 19:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates bounced back today, to some extent, after rising at the fastest pace in more than 3 months yesterday. Most of yesterday's damage remains, however, and most lenders are still quoting conventional 30yr fixed..[read more]

Zombie Foreclosures Down Sharply, Overall Vacancies Rise
Thu, 19 May 2016 13:54:41 GMT

Posted To: MND NewsWireZombie foreclosures, those in which the properties become vacant before the legal process is complete, are down 36 percent in the current quarter compared to the same period in 2015. RealtyTrac's Q2 2016 U.S. Residential Proper..[read more]

Post-TRID Closing Times Hold Steady; Purchases Pick Up
Thu, 19 May 2016 13:50:43 GMT

Posted To: MND NewsWireLoan closing timelines in April remained at the recent low levels established the previous month according to Ellie Mae's new Origination Insight Report although refinancing times increased. The time necessary to close resident..[read more]

Another Lender Purchased - M&A Won't Stop; "Don't Fight the Fed"
Thu, 19 May 2016 13:48:57 GMT

Posted To: Pipeline PressTomorrow is Bike to Work Day. My cat Myrtle isn’t a big fan, especially when the sedative wears off and she realizes that she’s in an old milk crate with chicken wire on top on the back of my bike. Lots of people ..[read more]

MBS Day Ahead: What's Next if Bonds Remain Under Pressure?
Thu, 19 May 2016 12:53:00 GMT

Posted To: MBS CommentaryYesterday was a wake-up call, forcing us to think about defense vs offense Shorter term trends already under attack longer term trends aren't too far away from being under attack revisiting longer term trend boundary would be..[read more]

MBS RECAP: Huge Bond Market Reaction to Fed Minutes
Wed, 18 May 2016 21:02:07 GMT

Posted To: MBS CommentaryAnxiety was growing yesterday about the Fed Minutes surprising Bonds weakened The Fed Minutes surprised Bonds weakened some more This could be a big deal Every now and then a Fed-related revelation comes along that forces mar..[read more]

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