Annie Mathews
Phone: 305-394-9787
Direct: 305-394-4044
Fax: 866-581-2013
Email: info@tropic-homes.com




Real Estate News
Fed TILA-RESPA Webinar Site; FHA 4bp Fee Fight Heats up; Total Mortgage Volume Figures
Wed, 26 Nov 2014 14:38:32 GMT

Posted To: Pipeline PressWith Thanksgiving around the corner, here's some conversation fodder. Thanksgiving became a national holiday 151 years ago when President Lincoln declared the last Thursday of November as national day of thanksgiving. Then, P..[read more]

Mortgage Applications Slide Despite Falling Rates
Wed, 26 Nov 2014 13:54:34 GMT

Posted To: MND NewsWireMortgage application volume was mixed during the week ended November 21. The Mortgage Bankers Association (MBA) reported that its Market Composite Index, a measure of the volume of applications for residential mortgages was dow..[read more]

MBS Day Ahead: Technical Breakout Meets Data Deluge; Hoping For The Best
Wed, 26 Nov 2014 12:32:00 GMT

Posted To: MBS CommentaryToday exemplifies the week as a whole. All we can do is buckle up , hope for the best, and not sweat it too much if the rally stalls. Reason being: Thanksgiving weeks have a strong predisposition to be more volatile than the ..[read more]

MBS RECAP: Bonds Kick Rally up a Notch After Auction
Tue, 25 Nov 2014 22:16:35 GMT

Posted To: MBS CommentaryThe day began in fine shape, especially in light of the stronger reading on GDP. European bond market strength remains at the heart of our ability to hold ground that otherwise seems out of reach. German Bunds, Europe's 1..[read more]

Mortgage Rates Back Into High 3's
Tue, 25 Nov 2014 20:55:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell more today than in recent days. Positivity was fueled chiefly by European bond market strength as serious growth concerns persist and rates push ever-closer to their mid-October lows. Domestically, a ..[read more]

MBS MID-DAY: Positive European Backdrop Helps US Bond Markets Hold Ground
Tue, 25 Nov 2014 17:32:57 GMT

Posted To: MBS CommentaryWith the increased amount of data on today's calendar, we've seen increased volatility, but it hasn't been too threatening so far. In fact, bond markets are currently in positive territory day-over-day despite GDP..[read more]

Loan Limits Unchanged in Most of U.S.
Tue, 25 Nov 2014 16:25:32 GMT

Posted To: MND NewsWireThe maximum conforming loan limit will remain at $417,000 for most of the U.S. in 2015. FHFA announced the limits, which define the size of loans eligible to be acquired by Fannie Mae or Freddie Mac, on Monday. The limits are e..[read more]

Further Deterioration in Home Price Gains -Case-Shiller
Tue, 25 Nov 2014 16:00:23 GMT

Posted To: MND NewsWireIs the party officially over? S&P Dow Jones Indices said today that the increase in home prices, which has shown diminishing energy for months, experienced a broad-based slowdown in September. The company's Case-Shiller Home Pr..[read more]

Servicing Continues to Hit the Market; Upcoming Events; Credit Union Lending Laws
Tue, 25 Nov 2014 15:20:19 GMT

Posted To: Pipeline PressThe next story reminds me of the husband who was asked by his wife (who invited the guests, cleaned the house, did the shopping, made the stuffing and all the side dishes, set the table, and cooked Thanksgiving dinner) to car..[read more]

MBS Day Ahead: Econ Data Ramps up; How Well are MBS Doing?
Tue, 25 Nov 2014 12:33:06 GMT

Posted To: MBS CommentaryYesterday was a fairly solid day for bond markets. Although it suffered from decreased participation, there was still strong support at technical ceilings and a good responsiveness to economic events and headlines. At least t..[read more]

MBS RECAP: Showing Signs of the Season, but That Worked out OK Today
Mon, 24 Nov 2014 22:15:07 GMT

Posted To: MBS CommentaryDuring the 3.5-day Thanksgiving week, we expect to see a lack of participation in bond markets juxtaposed with condensed data and volatility. Data and participation were certainly limited today and accordingly, there wasn'..[read more]

Mortgage Rates Now at 1-Month Lows
Mon, 24 Nov 2014 21:40:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continue making improvements so small and so steady that they're barely noticeable, but they're improvements just the same. That's recently left us in the best territory in nearly a month. Today extends th..[read more]

Who Will Pick up Fed's MBS Buying Slack?
Mon, 24 Nov 2014 19:23:04 GMT

Posted To: MND NewsWireThe Federal Reserve has completed its latest round of Quantitative Easing, the government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae are under orders to continue shrinking their investment portfolios and significan..[read more]

MBS MID-DAY: Quietly Holding Near Friday's Best Levels
Mon, 24 Nov 2014 17:57:27 GMT

Posted To: MBS CommentaryMeaningful inputs have been few and far between for bond markets today. With Japanese markets closed, overnight Treasury trading got off to a late start. Stronger data out of Germany pushed yields quickly higher at 330am, but..[read more]

HUD's 4bp Fee; FHA/Ginnie updates; Status of Mortgage Forgiveness Tax Act
Mon, 24 Nov 2014 15:34:34 GMT

Posted To: Pipeline PressIf you're looking for next investment property, the nearest "college town" may serve you well. According to research from Clear Capital , out of the top 35 cities where home prices have appreciated since 2004, 10 were college..[read more]

MBS Week Ahead: Action-Packed and Holiday-Shortened: Sometimes That's Enough
Mon, 24 Nov 2014 12:33:37 GMT

Posted To: MBS CommentaryPast examples of Thanksgiving weeks vary when it comes to market behavior. There's no major bias toward gains or losses and the volatility doesn't tend to inform the following week's trading. If anything, Thanksgi..[read more]

MBS RECAP: Calm, Resilient Day Maintains Calm, Resilient Week (and month)
Fri, 21 Nov 2014 22:52:35 GMT

Posted To: MBS CommentaryIn the shadow of October 15th--by some measures, the most volatile day in the history of Treasury trading--everything that's followed has been exceedingly tame by comparison. The correction leading back toward slightly hi..[read more]

Technically at November Lows, but That Doesn't Mean Much These Days
Fri, 21 Nov 2014 22:12:00 GMT

Posted To: Mortgage Rate WatchMortgage rates improved again today , carving out another November low, albeit by only a small margin. For some lenders, rates are officially at "one month lows" with October 21st being the last day that similar rates we..[read more]

Natural Disasters are now Measurable Default Risks
Fri, 21 Nov 2014 19:38:18 GMT

Posted To: MND NewsWireGrowing numbers of severe weather events throughout the U.S. may be giving new meaning to "location, location, location" in the housing world. CoreLogic senior economist Kathryn Dobbyn writes in the company's blog "housing Puls..[read more]

GSEs Cut Lenders a Big, Retroactive Break on Reps and Warrants
Fri, 21 Nov 2014 19:22:58 GMT

Posted To: MND NewsWireFannie Mae and Freddie Mac have nailed down the promised details the life-of-loan exclusions related to their representation and warranty framework. Under the direction of the Federal Housing Finance Agency (FHFA) the two gover..[read more]

FHFA Tracks G-fee Evolution; Hopes You Won't Read Fine Print
Fri, 21 Nov 2014 19:20:00 GMT

Posted To: MND NewsWireA report from the Federal Housing Finance Agency (FHFA) says that while the average fee charged by the government sponsored enterprises (GSEs) for providing a loan guarantee (g-fee) has more than doubled since 2009, both pricin..[read more]

CFPB Proposes New Foreclosure Rules
Fri, 21 Nov 2014 18:45:04 GMT

Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) has proposed some new measures affecting the way servicers handle mortgages in various stages of default. The changes will require servicers to: Provide certain borrowers with for..[read more]

MBS MID-DAY: Bond Markets Start Weekend Early, Holding Modest Gains
Fri, 21 Nov 2014 17:50:56 GMT

Posted To: MBS CommentaryOvernight events amounted to nothing more than noise for US bond markets. Tough talk from European Central Bank President Mario Draghi did more to help European bond markets earlier in the overnight hours, but Treasuries impr..[read more]

Fannie & Freddie Changes Will Help Lenders; Possible Changes for NY Lenders;
Fri, 21 Nov 2014 15:44:12 GMT

Posted To: Pipeline PressIn New York, the New York Mortgage Bankers Association's website is now live. The group is functioning and has already had meetings with DFS, so lenders looking for things to be done on an "industry vs. company" level should ..[read more]

MBS Day Ahead: Did Bond Markets Show up Early for December?
Fri, 21 Nov 2014 12:30:00 GMT

Posted To: MBS CommentaryHave you ever had one of those awkward super early arrivals to an event? Did you wait in the lobby? Was the lobby even open? Did you hide the fact you were early? Did you wait in your car? Did you find something else to do in..[read more]

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