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




Real Estate News
MBS RECAP: Sideways Day for MBS Despite Weakening Treasuries
Tue, 02 Sep 2014 20:35:01 GMT

Posted To: MBS CommentaryFannie 3.5s stayed inside a 4 tick (.125) range today despite a round of upbeat economic data at 10am and a clear trend toward higher yields in Treasuries. This isn't an uncommon divergence when Treasury yields have bounc..[read more]

Mortgage Rates Bounce Higher Before Challenging 2014 Lows
Tue, 02 Sep 2014 19:42:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were higher today, ending nearly a week and a half of modest improvements. While no individual day stood out during that time, the combined effect took rates extremely close to their lowest levels of the y..[read more]

HELOC Resets Still a Concern
Tue, 02 Sep 2014 18:00:11 GMT

Posted To: MND NewsWireHome Equity Lines of Credit or HELOCs are one area of focus of the July Mortgage Monitor issued by Black Knight Financial Services on Tuesday. The company said there is still concern about possible payment shock for homeowners ..[read more]

Eleven States Set New Home Price Peaks
Tue, 02 Sep 2014 17:38:24 GMT

Posted To: MND NewsWireHome prices increased continued in July and those increases continue to be broad-based CoreLogic said on Tuesday. The company's Home Price Index (HPI) report says that prices nationwide including distressed sales (short sales a..[read more]

Construction Spending Highest Since December 2008
Tue, 02 Sep 2014 17:31:20 GMT

Posted To: MND NewsWireConstruction spending in July was at a seasonally adjusted annual rate of $981.3 billion the Census Bureau said today--the highest since December 2008. That was an increase of 1.8 percent from June's revised estimate of $963.7 ..[read more]

MBS MID-DAY: Bond Markets Weaker to Start September; MBS Outperforming
Tue, 02 Sep 2014 16:54:13 GMT

Posted To: MBS CommentaryBond markets had been setting up for the extended weekend by being cautious about getting caught on the wrong side of this week's trade. Consider the following factors : A perpetual trend toward lower yields in 2014 Anoth..[read more]

FHFA Sets Affordable Housing Goals, Requesting Public Comment
Tue, 02 Sep 2014 14:34:38 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) is seeking public comment on a set of preliminary affordable housing goals for the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac for the next three years. There..[read more]

Angelo Mozilo Interview; NMLS & UST News; Lots of Agency News Including 203(k) Proposals
Tue, 02 Sep 2014 14:30:57 GMT

Posted To: Pipeline PressIf you don't open up one other link in this e-mail, at least open this link to a photo of a sign that surely has applications to residential lending. (Although this is pretty cool too. Somehow, somewhere, in this short video ..[read more]

MBS Week Ahead: Short and Busy With at Least One Major Market Mover on Tap
Tue, 02 Sep 2014 11:25:09 GMT

Posted To: MBS CommentaryWhile the week ahead is shorter than normal thanks to Labor day, it's no less relevant. In fact, it's probably quite a bit more relevant than anything we had in August for several very good reasons. None of those reas..[read more]

MBS RECAP: Bond Markets Hold Narrow Range Overall; Some Month-End Volatility Around Treasury Close
Fri, 29 Aug 2014 20:07:53 GMT

Posted To: MBS CommentaryOvernight trading was uneventful for bond markets and made for a just slightly weaker open for both Treasuries and MBS. Economic data was completely and utterly ignored. It wasn't until headlines out of the UK concerning ..[read more]

Mortgage Rates Unchanged Near 2014 Lows Ahead of 3-Day Weekend
Fri, 29 Aug 2014 18:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged today. A few lenders were a bit higher than yesterday. A few more were a bit lower, but most hadn't moved enough to be considered anything more than unchanged. Most borrowers would see the ex..[read more]

New Credit Score Model Would be Great for Housing! Too Bad it Won't be Used
Fri, 29 Aug 2014 16:48:54 GMT

Posted To: MND NewsWireFICO, the company that develops proprietary scoring models for credit bureaus and lenders, announced August 7 that a new model (FICO Score 9) would be released this fall. FICO's press release caught buyers', Realtors', and lend..[read more]

Housing Market Entering Dicey Transition Phase
Fri, 29 Aug 2014 16:42:05 GMT

Posted To: MND NewsWireRealtyTrac estimated that home sales in July were at an annualized rate of 4.63 million units , a decrease of 3 percent from June and down 12 percent from July 2013. This would be the third consecutive month in which RealtyTrac..[read more]

MBS MID-DAY: In Stunning Turn of Events, Economic Data Still Doesn't Matter
Fri, 29 Aug 2014 16:23:05 GMT

Posted To: MBS CommentaryRight there in the title of the first commentary of the day: "more economic data that probably won't matter." There's always some small tinge of doubt in my mind before I preemptively dismiss the importance of things ..[read more]

New Digs for Fannie; CFPB Fines; HELOCs on the Rise; Cash vs. Security Sales
Fri, 29 Aug 2014 14:11:13 GMT

Posted To: Pipeline PressCleverness is alive and well in lending, and the "free Russian cat with your loan funding" story yesterday brought a few e-mails. Chris L. contributes, "Thanks for sharing the idea about giving a cat at closing. That could be..[read more]

MBS Day Ahead: More Economic Data That Probably Won't Matter and a 3-Day Weekend
Fri, 29 Aug 2014 11:42:52 GMT

Posted To: MBS CommentaryNOTE: Bond markets and mortgage lenders (and banks, among other things) will be closed on Monday for Labor Day. This morning's headline suggests that economic data "probably" won't matter, but if yesterday's activ..[read more]

MBS RECAP: Same Old Story: Minor Volatility and Modest Euro-Driven Gains
Thu, 28 Aug 2014 20:45:09 GMT

Posted To: MBS CommentaryIn yesterday's recap, we discussed the phenomenon whereby most of the market movement has been happening overnight during these Euro-centric times, with the US trading hours seeing comparatively less volatility. Same old ..[read more]

Mortgage Rates Fall For Sixth Straight Day
Thu, 28 Aug 2014 19:45:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell modestly for an impressive sixth straight day today. Yet again, we're seeing little attention paid to the events in the US that NORMALLY influence interest rates. Case in point, stronger economic data..[read more]

MBS MID-DAY: Bond Markets Holding Stronger Territory Despite Stronger Data
Thu, 28 Aug 2014 15:42:35 GMT

Posted To: MBS CommentaryEven the confirmation of a 4%+ GDP and the strongest read on Pending Home Sales in 11 months were not enough to wrest control of bond market momentum from Europe. Particularly, market participants widely expect the European C..[read more]

Subservicer and New Jumbo Products; Flagstar and the CFPB; Theory of M&A
Thu, 28 Aug 2014 15:14:55 GMT

Posted To: MND NewsWireWhat's this? The borrower receives a cat when their mortgage closes? What would the CFPB say? Will fleas lead to a class action lawsuit a year down the road? Would the DOJ claim canine disparate treatment? Besides, for many peo..[read more]

Pending Home Sales Highest in Nearly a Year
Thu, 28 Aug 2014 15:09:07 GMT

Posted To: MND NewsWireFavorable housing conditions were credited for leading pending home sales higher in July to their best level since August 2013 . Pending sales as measured by purchase contract signings rebounded from a slight dip in June that i..[read more]

MBS Day Ahead: Busiest Day of Economic Data, but Dark Horses in Europe
Thu, 28 Aug 2014 11:28:05 GMT

Posted To: MBS CommentaryToday is the busiest day of the week for domestic economic data and Treasury Auctions. The 8:30 time slot brings Jobless Claims and the 2nd revision of 2nd quarter GDP. At 10am, there's Pending Home Sales and the week'..[read more]

MBS RECAP: Yet Again, Treasuries Inspired by Europe and MBS Underperform
Wed, 27 Aug 2014 20:57:17 GMT

Posted To: MBS CommentaryBoth MBS and Treasuries started the day in good shape as a bout of universally downbeat data washed over the Eurozone. Speculation for some measure of central bank action at next week's meeting (European Central Bank, to ..[read more]

Mortgage Rates Closing in on 2014 Lows
Wed, 27 Aug 2014 20:35:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell by an almost imperceptible amount today. Some lenders were actually unchanged or slightly higher. The actual NOTE rates quoted today would be identical to yesterday, with the only differences being se..[read more]

Housing Market Normalizing... Very Slowly
Wed, 27 Aug 2014 17:16:41 GMT

Posted To: MND NewsWireFreddie Mac said today that the housing recovery continues to be a primarily local phenomenon . While markets with strong economies and favorable demographics are continuing to improve at a strong pace most markets are still ge..[read more]

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