Annie Mathews
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Real Estate News
MBS MID-DAY: Series of Unfortunate Events for Bond Markets
Tue, 02 Jun 2015 17:50:25 GMT

Posted To: MBS CommentaryIn terms of the event calendar, today was supposed to be quiet. One of the wild cards laid out in this morning's commentary was an unexpected headline from Europe. We ended up getting something to that effect early this m..[read more]

TRID training; Supreme Court Decides 2nd Mortgage Case; Title and MI Updates
Tue, 02 Jun 2015 14:45:46 GMT

Posted To: Pipeline PressSome in the industry are focused on Wells Fargo CEO John Stumpf's recent comments saying that cybersecurity and an evolving payments industry are the two biggest risks to banks. "It's not if but when," right? Mortgage Returns..[read more]

MBS Day Ahead: One Day of Calm Before the Storm
Tue, 02 Jun 2015 11:34:29 GMT

Posted To: MBS CommentaryOn some occasions, we look ahead to big-ticket events like central bank announcements and NFP reports with more anticipation and anxiety than they deserve. That's understandable because these events historically pack the ..[read more]

MBS RECAP: 2015 Realities Continue to Frustrate Bond Markets
Mon, 01 Jun 2015 21:33:36 GMT

Posted To: MBS CommentaryWelcome to the 1st half of 2015. This is the 6 month period where European interest rates defied even the most bullish expectations after Europe began the QE process. It resulted in German 10yr Bunds getting very close to 0% ..[read more]

Mortgage Rates Bounce Higher After 7 Day Winning Streak
Mon, 01 Jun 2015 20:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved noticeably higher to begin the month, bringing the average conventional 30yr fixed quote back to 4.0% after briefly hitting 3.875% on Friday. Today's move higher follows 7 consecutive days where rate..[read more]

New Home Activity has a Decidedly Southern Drawl
Mon, 01 Jun 2015 18:52:35 GMT

Posted To: MND NewsWireThe old adage might be "go West" but new home buyers aren't listening. A recent analysis by CoreLogic shows that the strongest new home sales markets are overwhelmingly in the South, especially Texas and North and South Carolin..[read more]

MBS MID-DAY: Widespread Negative Reprices as Monday Pattern Continues
Mon, 01 Jun 2015 17:39:43 GMT

Posted To: MBS CommentaryWith corporate issuance subsiding somewhat and month-end tradeflows providing steadier demand, the last week of May proved to be an eye of the storm. As we discussed last Friday and again this morning, the new month reinvigor..[read more]

Construction Spending Tops $1 Trillion
Mon, 01 Jun 2015 14:58:50 GMT

Posted To: MND NewsWireTotal spending on construction ticked up moderately in April, rising to a seasonally adjusted annual rate of $1,006.1 billion the U.S. Census Bureau announced today. The number is a 2.2 percent increase over the revised (from $..[read more]

CFPB Developments Including Targeting Provident for Broker Business Done Years Ago
Mon, 01 Jun 2015 14:14:21 GMT

Posted To: Pipeline PressWhen I grow up I want to be wealthy. And thanks to this list of the wealthiest zip codes in America , I know just where to move. (Interesting to compare those versus states with no state income tax.) Unfortunately it doesn't ..[read more]

MBS Day Ahead: Action-Packed Week of Economic Data and Events
Mon, 01 Jun 2015 11:34:30 GMT

Posted To: MBS CommentaryLast week helped the month of May recover a few shreds of its dignity. As hard as it is to believe, it was the first week in 2015 where each day's closing levels were the same or better than the previous close. Granted, i..[read more]

MBS RECAP: Bond Markets Go out at May's Best Levels
Fri, 29 May 2015 21:30:09 GMT

Posted To: MBS CommentaryIt came right down to the wire . The best 3pm closing level for 10yr yields was previously seen on May 1st at 2.117. We hovered near those levels for much of the day today, but ultimately hit 2.095 by 3pm. Even though bonds c..[read more]

Mortgage Rates Back Into the 3's to End The Month
Fri, 29 May 2015 20:00:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower again today , making this the 7th straight day where rates have either held steady or improved. Over that time, no single day stands out as clearly better than the others. Instead, the gains ha..[read more]

State, CFPB win Judgment against Florida Loan Mod Scheme
Fri, 29 May 2015 17:57:22 GMT

Posted To: MND NewsWireA Florida law firm and its several affiliates which had already been shuttered by the State of Florida and the Consumer Financial Protection Bureau (CFPB) were ordered on Friday to pay a total of $27.7 million in damages and pe..[read more]

Realtors Confronting Problems of Structure, Leadership, and Technology
Fri, 29 May 2015 17:53:44 GMT

Posted To: MND NewsWireThe Definitive Analysis of Negative Game Changers Emerging in Real Estate or D.A.N.G.E.R report prepared for the National Association of Realtors® (NAR) by author Stefan Swanepoel is blunt in addressing vulnerabilities of t..[read more]

MBS MID-DAY: After Data, Bonds on Cruise Control at Slightly Stronger Levels
Fri, 29 May 2015 17:15:06 GMT

Posted To: MBS CommentaryToday has quickly become the 3rd day of exceptionally calm trading relative to a heretofore tumultuous month. The even-keeled vibes began right from the start of the overnight session with 10yr yields trading in a 2.12-2.14 r..[read more]

Good Trends in House Prices; 45 Business Days until TRID! Survey Says 92% Will Be Ready
Fri, 29 May 2015 14:52:38 GMT

Posted To: Pipeline PressAccording to the U.S. Census Bureau, there are now ten cities that have a population of greater than 1 million with California and Texas each home to three of these cities. San Jose, CA has now been added to the top 10 most p..[read more]

MBS Day Ahead: Month-End on a Friday. Time to Lock?
Fri, 29 May 2015 11:33:17 GMT

Posted To: MBS CommentaryJust yesterday morning, I noted that bond markets may be seeing the light at the end of the tunnel for May. Indeed, things have been going well enough this week compared to recent weeks. Even the big financial media outlets a..[read more]

Mortgage Rates Microscopically Lower
Thu, 28 May 2015 21:44:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged today. Those that budged moved almost imperceptibly lower from yesterday's latest rate sheets. In general, there was simply very little movement in underlying markets and lenders' rate sheets..[read more]

MBS RECAP: Increasingly Calm Trading Heading into Month-End
Thu, 28 May 2015 21:39:51 GMT

Posted To: MBS CommentaryThere's 'month-end' and then there's 'month-end.' In a general sense, this entire week can be referred to as month-end as far as bond markets are concerned. It's a time where money managers are adj..[read more]

MBS MID-DAY: Week-Long Positive Trend Running Out of Steam
Thu, 28 May 2015 16:12:17 GMT

Posted To: MBS CommentaryAfter the last visit to May's weakest levels (last Wednesday morning), MBS and Treasuries have been in a fairly linear trend back toward stronger levels . But as we approach those levels, bond markets are visibly having s..[read more]

Sellers' Market Drives Pending Sales to 2006 Levels
Thu, 28 May 2015 14:45:37 GMT

Posted To: MND NewsWireApril saw the highest number for pending sales in nearly nine years the National Association of Realtors® (NAR) said today. The Pending Home Sales Index (PHSI) increased 3.4 percent compared to a slightly upwardly revised M..[read more]

Ocwen's Houston Closure; Risks Facing Banks; Cost of Compliance; State Level Lending News
Thu, 28 May 2015 14:32:12 GMT

Posted To: Pipeline PressThe Census Bureau tell us that there were 23 million businesses without paid employees, or non-employer businesses, in the United States in 2013, up 4.4 million from 2003 and 269,705, or 1.2 percent, from 2012. Don't ask me, ..[read more]

MBS Day Ahead: Are Bonds Seeing a Light at The End of May's Tunnel?
Thu, 28 May 2015 11:33:57 GMT

Posted To: MBS CommentaryHere we are in the last week of May and things finally seem to be going our way (knock on wood) with respect to bond markets putting some more consistent green on the screen. At least they SORT OF seem to be going our way in ..[read more]

MBS RECAP: Bond Markets Find Footing After Auction and Debunked Greek Drama
Wed, 27 May 2015 22:27:14 GMT

Posted To: MBS CommentaryMBS and Treasuries ended the day near their best closing levels since the beginning of the month. It wasn't a given from the outset though, and far from a straight line. The first roadblock came in the form of almost comi..[read more]

Mortgage Rates Still Not Fully Committed to Recovery
Wed, 27 May 2015 21:04:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved sideways-to-slightly lower in most cases today, but only after underlying bond markets fought back from morning weakness. Before that, most lenders were offering slightly higher rates than yesterday,..[read more]

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