Sarah O'Shea Munoz, GRI, ABR, SFR
O'Shea Munoz Homes
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Real Estate News
MBS RECAP: Bond Markets Trying Very Hard to Look Like They're Not Trying
Tue, 24 Nov 2015 22:39:26 GMT

Posted To: MBS CommentaryThis continues to be one of the most anomalous Thanksgiving weeks in the history of Thanksgiving weeks--at least as far as bond markets are concerned. As a percentage of the recent average, volumes have been higher than they&..[read more]

Mortgage Rates Remaining Eerily Steady Despite Volatile Precedent
Tue, 24 Nov 2015 21:47:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held steady today on average, with a few lenders improving almost imperceptibly. The most prevalently-quoted conventional 30yr fixed rate remains 4.0% with more than a few lenders still up at 4.125%. If th..[read more]

MBS MID-DAY: Nothing Really Matters Despite Small-Scale Drama
Tue, 24 Nov 2015 18:43:35 GMT

Posted To: MBS CommentaryThe only significant development for markets today in terms of news or economic data was the overnight news that Turkey shot down a Russian fighter jet. If that sounds a bit far removed from the world of MBS and mortgage rate..[read more]

Foreclosures Increase; Delinquency Measures Continue to Fall
Tue, 24 Nov 2015 15:55:59 GMT

Posted To: MND NewsWireBlack Knight Financial Service's monthly "first look" at October month-end mortgage performance standards continues to show a steady decline almost all measures of mortgage distress. The company releases summary data from its l..[read more]

Home Prices Continue to Outstrip Inflation
Tue, 24 Nov 2015 15:54:23 GMT

Posted To: MND NewsWireHome prices continue to rise faster than the rate of inflation and the increase speeded up again in September. The S&P/Case-Shiller U.S. National Home Price Index (HPI), recorded a slightly higher year-over-year gain in Septemb..[read more]

Fannie and Freddie Updates, Multifamily News; Zillow and Google Team Up
Tue, 24 Nov 2015 15:45:43 GMT

Posted To: Pipeline PressNonbank online lender CashCall has paid $2 million in restitution and fines to settle California state allegations that the company duped consumers to take out loans larger than $2,500 that are not subject to interest rate ca..[read more]

MBS Day Ahead: Plenty of Data, but Will it Matter?
Tue, 24 Nov 2015 12:34:19 GMT

Posted To: MBS CommentaryAs is often the case on the week of Thanksgiving, the regularly-scheduled economic data continues apace, even if it must be crammed into fewer days than normal. Apart from slight scheduling variations, the biggest question is..[read more]

MBS RECAP: Bonds Maintain Range Amid Holiday-Week Slowness
Mon, 23 Nov 2015 22:36:33 GMT

Posted To: MBS CommentaryTraders punched the clock, made their trades, and went home today. Before the clock-punching, there was the overnight session, in which European bond markets sold off at a fairly healthy pace. German Bunds were 7bps weaker fr..[read more]

Mortgage Rates Slightly Higher
Mon, 23 Nov 2015 21:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose today for most lenders, albeit modestly. In fact, several lenders were unchanged from Friday's latest levels with the rest seeing varying degrees of weakness. In almost all cases, the weakness would b..[read more]

MBS MID-DAY: Sideways and Slightly Positive After Weak Overnight Session
Mon, 23 Nov 2015 18:38:29 GMT

Posted To: MBS CommentaryThe story of today is largely a two-parter, and a fairly simple one at that. Part 1: bonds weaker in Europe. Part 2: bonds stronger in the US. The end. In all seriousness, the day is not much more complicated than this. Bond ..[read more]

Existing Home Sales Fall 3.4 Percent; Still Up Year-Over-Year
Mon, 23 Nov 2015 15:51:55 GMT

Posted To: MND NewsWirePending sales, which had declined in both September and October did indeed prove to be a leading indicator for existing home sales in October. The National Association of Realtors® said on Monday that, while October sales w..[read more]

Trends in Credit and Credit Scores in Residential Lending; Reporting Ransomware
Mon, 23 Nov 2015 14:58:15 GMT

Posted To: Pipeline PressWhat is a huge concern of Fannie Mae and Freddie Mac? It isn't rates, or credit risk. It is having their business flow, and that of their client's, interrupted due to some type of cyberattack. And I have received plenty of e-..[read more]

MBS Day Ahead: Jam-Packed With Data Destined to be Trumped by Holiday Dynamics
Mon, 23 Nov 2015 14:37:54 GMT

Posted To: MBS CommentaryLast Friday, I talked about some of the general bond market dynamics we tend to see around this time of year. It wouldn't be a bad idea to check that out if you missed it. Today's notes will focus more on this week sp..[read more]

MBS RECAP: Bonds Weaker as Buyers Cover Shorts Early, Then Disappear
Fri, 20 Nov 2015 22:10:00 GMT

Posted To: MBS CommentaryOnce again, the bulk of the day's recap was inadvertently captured in the mid-day-commentary. Feel free to read that instead of this if you want. If you're not into clicking links, here's a redux : As expected, th..[read more]

Mortgage Rates Back to Unchanged After Stronger Start
Fri, 20 Nov 2015 21:37:00 GMT

Posted To: Mortgage Rate WatchMortgage rates started the day slightly lower compared to yesterday's latest offerings. Mid-day weakness in bond markets resulted in most lenders repricing to higher rates in the afternoon. The net effect leaves rate she..[read more]

MBS MID-DAY: Illiquidity Arrives on Schedule, But Bearing Lousy Gifts
Fri, 20 Nov 2015 18:47:54 GMT

Posted To: MBS CommentaryIf illiquidity shows up for the start of the holiday trading season and says "I come bearing gifts!" you do not want those gifts. They typically consist of negative reprices and blood pressure medication. The former is due to..[read more]

Growing Divide Between Renters and Owners
Fri, 20 Nov 2015 15:09:44 GMT

Posted To: MND NewsWireThose of you who are expecting Millennials to shift gears and start becoming homeowners will have to keep holding your breath. A new Freddie Mac survey shows that renters, which most Millennials who have started households cont..[read more]

Fannie Mae: Rate Hike near Certainty, Housing Gains will Continue
Fri, 20 Nov 2015 14:45:14 GMT

Posted To: MND NewsWireWith the year nearing an end Fannie Mae's chief economist Doug Duncan and his Economic & Strategic Research (ESR) Group are holding to their most recent projections for the economy; 2.2 percent growth in the current year and 2...[read more]

Lender Purchased; Swaps Primer; Nationstar Deal; Prospect Settles
Fri, 20 Nov 2015 14:22:26 GMT

Posted To: Pipeline PressDid you know that November is American Indian and Alaska Native Heritage month? There are currently 5.4 million American Indians and Alaska Natives, making up 2 percent of the national population and 15 states have 100,000 or..[read more]

MBS Day Ahead: It's Beginning To Look a Lot Like Thanksgiving
Fri, 20 Nov 2015 14:09:51 GMT

Posted To: MBS CommentaryFor bond markets, the week of the Thanksgiving holiday tends to be fairly formulaic . It's not that the same thing happens every year, but with almost no exceptions, there are common elements and a limited number of permu..[read more]

MBS RECAP: Modest Gains and More Consolidation for Bonds
Thu, 19 Nov 2015 22:18:54 GMT

Posted To: MBS CommentaryThis will largely be a rehash of the Mid-Day commentary as it captured all of the day's relevant themes. The themes in question are at least threefold . They include Europe, "positional" considerations, and reaction to th..[read more]

Mortgage Rates Inch Down to 2-Week Lows
Thu, 19 Nov 2015 21:42:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved nicely lower today, relative to the recent, plodding improvements. This brings most lenders back to their lowest levels since November 5th--the day before the jobs report pushed rates to their highes..[read more]

Seasonality Can't Quite Explain October Housing Slowdown
Thu, 19 Nov 2015 19:49:31 GMT

Posted To: MND NewsWireHome sales appeared to slam on the brakes in October, at least according to Redfin. The company said sales increased by only 0.3 percent compared to October 2014 representing "an abrupt slowdown from September's double-digit gr..[read more]

MBS MID-DAY: Strong Morning Potentially Beginning to Fade Post-European-Session
Thu, 19 Nov 2015 18:28:28 GMT

Posted To: MBS CommentaryStaying on this topic of yesterday's weird juxtaposition of analysis from the Fed, today's trading is fairly logical. The juxtaposition in question involves the Fed's reiteration of their intent to hike in Dec (no..[read more]

Judicial Process States Continue to Tilt Foreclosure Scales
Thu, 19 Nov 2015 16:28:31 GMT

Posted To: MND NewsWireMeasures of mortgage distress continued to reach new eight to ten year lows during the third quarter of 2015. The Mortgage Bankers Association's (MBA's) National Delinquency Survey showed substantial improvement in the delinque..[read more]

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