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




Real Estate News
MBS RECAP: Big Move in Yield Curve; MBS Unchanged
Fri, 17 Apr 2015 21:24:46 GMT

Posted To: MBS CommentaryAll of today's drama--if you can call it that--came in the form of curve trading. That refers to traders adjusting bond market holdings by selling one part of the yield curve to buy another. In today's case, the short..[read more]

Mortgage Rates Are Really Stuck in a Rut
Fri, 17 Apr 2015 20:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged yet again today despite more volatility in underlying financial markets. This is the 3rd day in a row with similar behavior in interest rates, and part of an even broader trend of minimal mov..[read more]

It's Time to Take Our Industry Back: Educate and Innovate
Fri, 17 Apr 2015 19:19:24 GMT

Posted To: Community CommentaryAs we prepare and retool for the August 1st disclosure changes, it will be easy to lose sight of the opportunity that is before us. The regulatory integration is here to stay, and there is ample evidence to show that it..[read more]

MBS MID-DAY: Surprise Surprise! Bonds Nearly Unchanged After Morning Volatility
Fri, 17 Apr 2015 17:26:41 GMT

Posted To: MBS CommentaryIf this happens to be your very first time reading this site, you should know that we've been talking a lot about a few things. First is the fact that bond markets have been almost perfectly sideways for most of April and..[read more]

Agency Updates - Does Fannie Really Need to Approve Lender Management Changes?
Fri, 17 Apr 2015 14:48:40 GMT

Posted To: Pipeline PressSince inflation doesn't exist much anymore in the economy, how about in your garage ? Detroit has plenty of empty garages and so the city announced a new 0% down program to give the market a shot in the arm - who needs a down..[read more]

MBS Day Ahead: Bonds Needing More Motivation to Get Serious About Challenging Resistance
Fri, 17 Apr 2015 11:32:43 GMT

Posted To: MBS CommentaryStop me if you've heard this one before. There's this epic long-term inflection point defined by 10yr yield levels 1.84-1.86. It stretches back to 2011, when it acted as uncanny resistance for almost the entire year. ..[read more]

MBS RECAP: Mini Roller-Coaster on Corporate Tradeflows and Fed Speak
Thu, 16 Apr 2015 20:03:44 GMT

Posted To: MBS CommentaryThe trading day started out timidly enough, but with a bit of an ominous tone . This had to do with the fact the German Bunds made new all-time lows yet again, while US Treasuries did almost nothing to follow. The first two h..[read more]

Mortgage Rates Steady Despite Market Volatility
Thu, 16 Apr 2015 19:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged again today , continuing a trend of minimal movement that has been intact for all but one day since Monday April 6th. Rates aren't much different today than they were then, but being sideway..[read more]

Housing Starts Rose Less Than Expected in March
Thu, 16 Apr 2015 15:58:49 GMT

Posted To: MND NewsWireThe rate of permitting for construction of single family housing and residential construction completions were both down in March, Housing starts did rise slightly. The Census Bureau and the Department of Housing and Urban Deve..[read more]

MBS MID-DAY: Another Strong Start Hits The Skids--Even Faster This Time
Thu, 16 Apr 2015 15:03:26 GMT

Posted To: MBS CommentaryThis will be the third day in a row where bond markets have begun the day in stronger territory only to give back some of the gains as the day continues. Unlike the last two sessions, today's has taken us into negative te..[read more]

REO Surge Signals Foreclosure "Clean-up"
Thu, 16 Apr 2015 14:42:00 GMT

Posted To: MND NewsWireForeclosure activity increased by 20 percent in March compared to February and was up 4 percent from a year earlier. RealtyTrac, in its combined March and 1 st Quarter 2015 report said it was the first annual increase in forecl..[read more]

House Authorizes Technical Adjustments to TILA
Thu, 16 Apr 2015 14:35:56 GMT

Posted To: MND NewsWireThe House of Representatives has passed a bill which would amend the Truth in Lending Act (TILA) in respect to the way lenders compute and disclose points and fees information in a mortgage transaction. The computation is used ..[read more]

First Tennessee Settles; Bank Earnings Reflect Lending Biz; More Mergers
Thu, 16 Apr 2015 14:03:25 GMT

Posted To: Pipeline PressTry saying PSDS without sounding like you're from Boston saying "pierced ears". And 3,100 miles away, in California, the latest report echoes what Realtors & lenders have known for quite some time: the California market is on..[read more]

MBS Day Ahead: Economic Data Colliding With Technical Resistance
Thu, 16 Apr 2015 11:33:22 GMT

Posted To: MBS CommentaryThe past two trading sessions have been highly informative for bond markets. As we've been discussing almost incessantly, there is good reason for bonds to be more focused on economic data at the moment. This has to do wi..[read more]

MBS RECAP: Fading Back to Unchanged After Stronger Start
Wed, 15 Apr 2015 21:02:07 GMT

Posted To: MBS CommentaryMarkets have been doing a good job of reacting to economic data so far this week. That was a good thing again this morning as the data was weaker in general. Bonds reacted accordingly and moved back toward yesterday's bes..[read more]

Mortgage Rates Having Trouble Moving Lower
Wed, 15 Apr 2015 20:13:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged to slightly higher today, though that depends largely on the individual strategies of the lender in question. Some lenders recalled rate sheets yesterday and raised rates due to afternoon ma..[read more]

MBS MID-DAY: More Gains After More Negative Data
Wed, 15 Apr 2015 17:00:24 GMT

Posted To: MBS CommentaryBond markets' willingness to accept guidance from economic data is in full swing. As discussed in the Day Ahead , this morning offered several more opportunities to demonstrate that willingness. This resulted in a rather ..[read more]

Builder Confidence up; First Time in 2015
Wed, 15 Apr 2015 16:43:56 GMT

Posted To: MND NewsWireThe index measuring building confidence in the market for new single family homes stopped its three month slide in April, jumping four points from its March level. National Association of Home Builders (NAHB) Chairman Tom Woods..[read more]

Rural Area Comment Period Ends; What the CFPB's Supervisory Highlights Tell Lenders
Wed, 15 Apr 2015 14:32:18 GMT

Posted To: Pipeline PressYesterday we had plenty of CFPB updates , and let's continue with those. Remember that even though although your bank or mortgage operation is thought to be too small to be examined, the CFPB's actions echo through the reside..[read more]

Mortgage Applications End 3-Week Winning Streak
Wed, 15 Apr 2015 13:23:19 GMT

Posted To: MND NewsWireApplications for purchase mortgages have ended three straight weeks in which their volume increased an average of 6 percent. The Mortgage Bankers Association (MBA) said today that those applications dropped by 3 percen t on a s..[read more]

MBS Day Ahead: Bonds Acting Like They Want More Data, And They'll Get It
Wed, 15 Apr 2015 11:33:53 GMT

Posted To: MBS CommentaryUp until yesterday, everything since NFP had been fairly boring in terms of bond market activity. While there were some instances of moderate movement, they were generally tradeflow-related as opposed to the old fashioned mov..[read more]

MBS RECAP: Bond Markets' Big Reaction to Little Miss in Data
Tue, 14 Apr 2015 20:29:26 GMT

Posted To: MBS CommentaryToday's Retail Sales data stood a better chance to move markets than last time. Not only did the data move markets today, but it did so in a surprisingly big way given the magnitude of the 'miss.' Headline Retail ..[read more]

Mortgage Rates Back Near Recent Lows
Tue, 14 Apr 2015 20:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates improved today following a slightly weaker reading on Retail Sales data this morning. It seems that bond markets were waiting to rule out the possibility of stronger data. Reason being, the pace of the imp..[read more]

Fannie Announces Closing Cost Assistance for Homepath Loans
Tue, 14 Apr 2015 20:03:37 GMT

Posted To: MND NewsWireFirst-time homebuyers seeking to buy a house through Fannie Mae's HomePath ® program can receive a significant hand-up from a new program the company announced today. The new BuyerReady TM program will allow qualifying buye..[read more]

MBS MID-DAY: Holding Seemingly Outsized Gains After Retail Sales Data
Tue, 14 Apr 2015 16:53:37 GMT

Posted To: MBS CommentaryThere was a better chance that bond markets would react to today's Retail Sales data despite the lack of reaction to the last reading ( reasons discussed here ). Not only did we get a reaction today, but it was so big tha..[read more]

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