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




Real Estate News
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]

Home Price Increases Lower than Inflation in Some Areas
Wed, 27 Aug 2014 17:11:29 GMT

Posted To: MND NewsWireHome prices have now increased on a quarterly basis 12 consecutive times. The Federal Housing Finance Agency (FHFA) said yesterday that the 12 th increase in its purchase-only seasonally adjusted House Price Index (HPI) was a 0..[read more]

Black Knight Provide Sneak Peak at July Mortgage Data
Wed, 27 Aug 2014 16:40:01 GMT

Posted To: MND NewsWireDistressed housing measures continued on a somewhat jagged path toward normalcy in July according to preliminary numbers released by Black Knight Financial Services today. The company's "Early Look" at some of the data from its..[read more]

Strong 2nd Quarter for Mortgage Banks; Cash vs. Security Sales Primer; New Program for Service Members
Wed, 27 Aug 2014 16:12:30 GMT

Posted To: Pipeline PressThe month-end funding push is in full swing. There are plenty of jumbo loans on the Atlantic and Pacific Coasts (providing fodder for the smattering of jumbo securities), but the push for affordable housing has moved inland t..[read more]

MBS MID-DAY: Bonds Bounce Back After Brief Morning Sell-Off
Wed, 27 Aug 2014 15:46:00 GMT

Posted To: MBS CommentaryBond markets began the day much-improved after a strong overnight session. Economic data was pervasively weaker in Europe and expectations for Eurozone Quantitative Easing are running high. This helped German Bund yields drop..[read more]

Mortgage Applications Rise despite Directionless Rates
Wed, 27 Aug 2014 13:52:47 GMT

Posted To: MND NewsWireApplications for both home purchase and refinancing increased during the week ended August 22. The Mortgage Bankers Association said that its Market Composite Index, a measure of application volume, increased 2.8 percent from t..[read more]

MBS Day Ahead: A Data-Free Day to Consider Thursday's GDP Release
Wed, 27 Aug 2014 11:27:57 GMT

Posted To: MBS CommentaryWhen Q1 GDP first came out weaker than expected and was subsequently revised all the way to -2.9%, it put a damper on many assessments of US economic health. While it may or may not be a mistake to have a downbeat view of the..[read more]

MBS RECAP: The Flatness Continues; MBS Perfectly Unchanged After Only Modest Volatility
Tue, 26 Aug 2014 20:31:50 GMT

Posted To: MBS CommentaryThe last week of Summer continues to be the last week of Summer as far as markets are concerned. Email auto-responders are working overtime, parents are back-to-school shopping, and market-watchers have yet another opportunit..[read more]

How Long Will Low, Flat Mortgage Rates Last?
Tue, 26 Aug 2014 19:16:00 GMT

Posted To: Mortgage Rate WatchSo many questions have been raised by the surprising state of affairs in the world of mortgage rates this year. Why did rates move in the opposite direction from broad-based expectations to start the year? Why have rates..[read more]

MBS MID-DAY: Back to Unchanged After Stronger Consumer Confidence Data
Tue, 26 Aug 2014 16:29:54 GMT

Posted To: MBS CommentaryBond markets started the day little-changed from the previous session and having seen little volatility overnight. Although it wasn't destined to be too consequential, the Durable Goods data was at least interesting--sett..[read more]

CFPB Cautions Servicers about MSR Transfer Risks
Tue, 26 Aug 2014 15:52:56 GMT

Posted To: MND NewsWireThe Consumer Financial Protection Bureau (CFPB) recently revised its policy guidance to residential mortgage servicers and subservicers regarding transfers of residential servicing rights . Compliance Bulletin 2014-01 was issue..[read more]

Mortgage Bank Profits Back in Black
Tue, 26 Aug 2014 15:45:23 GMT

Posted To: MND NewsWireMortgage banks substantially improved their bottom line numbers in the second quarter after posting a loss on every loan written during the first quarter of the year. The Mortgage Bankers Association (MBA) said Independent mort..[read more]

First Broad-Based Decline in Home Price Growth Since Feb 2008
Tue, 26 Aug 2014 15:39:35 GMT

Posted To: MND NewsWireThe S&P Dow Jones Case-Shiller Home Price Indices for June confirm what reports from earlier months have indicated, that there is a sustained slowdown in home price increases. June data indicate that the slowdown is also nation..[read more]

Large Title Firm in the News for the Wrong Reason; Corporate Debt Issuance to Set Record?
Tue, 26 Aug 2014 14:04:08 GMT

Posted To: Pipeline PressIt is more fun to talk about Millennials, and they look better in ads, but old people have needs too! At the other end of the demographic, don't forget that seniors aren't interested in only Efferdent & Ensure - they might ne..[read more]

MBS Day Ahead: One of the Biggest Potential Durable Goods Reports Ever (And it Won't Matter)
Tue, 26 Aug 2014 11:31:54 GMT

Posted To: MBS CommentaryA cute little phenomenon got a fair amount of buzz on an otherwise slow news day yesterday. It has to do with today's Durable Goods data and the fact that it could be insanely strong . In fact, some economists are calling..[read more]

MBS RECAP: Economic Data Shrugged Off; Bonds Follow Europe Amid Quiet Conditions
Mon, 25 Aug 2014 20:57:59 GMT

Posted To: MBS CommentaryThe biggest story and smallest surprise of the day was the fact that trading conditions in bond markets were extra light. Between the market closure in London and the simple fact that it was the Monday of the last week of Sum..[read more]

Mortgage Rates Steady to Slightly Lower
Mon, 25 Aug 2014 19:25:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were steady for some lenders today, and slightly lower for others. The movement wasn't nearly enough to affect rates themselves, meaning the improvement was limited to the closing cost side of the equation..[read more]

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