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Real Estate News |
The Day Ahead: Markets Free To "Trade It Out" Amid Data-Free Session
Fri, 18 May 2012 03:22:00 GMT
Posted To: MBS CommentaryWith so many unprecedented and hefty considerations, markets might enjoy today's complete absence of scheduled economic data as some sort of chance to seek its own equilibrium. That sentence was actually lifted from an articl..[read more]
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MBS RECAP: Snowball Buying As Fedspectations Team Up With Euro-Drama
Thu, 17 May 2012 20:45:12 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Two of our favorite made-up terms joined forces today to carry MBS to yet another all-time high and 10yr yields to the high 1.6's! The day looked as if it would be a deceleration in ter..[read more]
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Mortgage Rates Officially Hit New All-Time Lows!
Thu, 17 May 2012 19:21:00 GMT
Posted To: Mortgage Rate WatchMortgage Rates hit new all-time lows today. In most cases, lenders' offerings are just slightly better across the board than they were in late January, the last time we officially noted "new all-time lows," though some l..[read more]
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NAHB, NAR Agree, Homes Never More Affordable
Thu, 17 May 2012 15:37:03 GMT
Posted To: MND NewsWireFor the second time in a week a national housing trade organization has shown that purchasing a home is now within the reach of a record number of Americans. On Tuesday the National Association of Realtors® (NAR) published ..[read more]
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MBS MID-DAY: More Gains On Philly Fed Miss
Thu, 17 May 2012 15:24:11 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary The main market-mover of the morning was the release of the Philadelphia Fed Survey, the chief component of which fell from 8.5 last month to -5.8 today. This happens occasionally with re..[read more]
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The CFPB already has how many employees? And LO's wonder, "Could mortgage rates really go lower?"
Thu, 17 May 2012 14:40:00 GMT
Posted To: Pipeline PressAccenture Credit Services announced that, "Low interest rates, less competition, more regulation and tighter credit standards have pushed the time it takes the biggest mortgage lenders to refinance a mortgage loan from 45 day..[read more]
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The Day Ahead: Calendar Lightens Up Before Data-Less Friday
Thu, 17 May 2012 12:07:31 GMT
Posted To: MBS CommentaryIf the calendar of upcoming events and y'day's volume are any indication, it's possible that Wednesday was the climactic final scene before the intermission. Volume ramped up steadily on the first three days of the week, hitt..[read more]
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Judicial States Continue to Skew Foreclosure Statistics
Wed, 16 May 2012 20:18:10 GMT
Posted To: MND NewsWireThere were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the period released this morning by the Mortgage Bankers Association. At a conference ca..[read more]
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MBS RECAP: Another Logical Day Of Record Highs
Wed, 16 May 2012 20:11:08 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary We characterized yesterday as "logical and well contained" with the benefit of some hindsight. While today's session wasn't "well contained," it was rather logical in that it went where..[read more]
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Mortgage Rates Steady At All-Time Lows Thanks To Europe And The Fed
Wed, 16 May 2012 19:21:00 GMT
Posted To: Mortgage Rate WatchMortgage Rates are steady to slightly improved today following as Europe's fiscal woes continue providing downward pressure on US interest rates. The forces at work keeping rates low were joined today by "minutes" from t..[read more]
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Concerns Grow Over Freddie/Fannie Price Dislocations
Wed, 16 May 2012 18:15:36 GMT
Posted To: Secondary MarketsOne of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie Mae and Freddie Mac. The FHFA itself now lists on..[read more]
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"Mega-Lenders" Lagging Smaller Ones in Processing Time
Wed, 16 May 2012 18:09:14 GMT
Posted To: MND NewsWireSmall and medium-sized lenders and community banks appear to be closing loans for refinancing faster than their "mega-lender" counterparts according to the Origination Insight Report for April released Wednesday by Ellie Mae. T..[read more]
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Stats Point to a Decent Housing Market; Nationstar and ResCap; Europe Continues to Move Rates
Wed, 16 May 2012 16:10:14 GMT
Posted To: Pipeline PressObama played golf with Joe Biden last weekend. They were kicked off the course because every time Obama yelled "Fore", Biden screamed - "More Years!" But the mortgage industry is more concerned with another Biden: Joe's son B..[read more]
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MBS MID-DAY: After Merkel-Speak Soothes, Draghi Speaks Sooth
Wed, 16 May 2012 15:30:08 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary The main market-mover this morning was a CNBC interview with Angela Merkel. In it, the German chancellor offered an increasingly supportive tone on Greece remaining in the Euro-zone, sayi..[read more]
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Single Family Construction Strengthens, Multi-family Falls Sharply
Wed, 16 May 2012 15:01:54 GMT
Posted To: MND NewsWirePermits for construction of multi-family housing plummeted in April, offsetting a small increase in single family permits and dropping the total down 7 percent from revised April figures. Permits for all privately owned residen..[read more]
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Ending Uncertainty is Prescription for Housing Recovery
Wed, 16 May 2012 13:56:35 GMT
Posted To: MND NewsWireFederal Reserve Governor Elizabeth A. Duke told attendees at a break-out session of the National Association of Realtors® (NAR) Midyear Legislative Meetings that she wished she had, as the session title suggested a " Prescr..[read more]
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Refinancing Applications Jump by Double Digits
Wed, 16 May 2012 13:51:54 GMT
Posted To: MND NewsWireRefinancing activity spiked during the week ended May 11, rising 13.0 percent from the previous week's level according to the Weekly Mortgage Applications Survey released this morning by the Mortgage Bankers Association (MBA). ..[read more]
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The Day Ahead: Moderate Morning Econ With Fed Minutes In The PM
Wed, 16 May 2012 12:10:28 GMT
Posted To: MBS CommentaryWednesday looks to be a different animal than Tuesday's rather logical and well-contained session. Yesterday boasted one of the highest concentrations of economic data in recent memory, and while none of it was of earth-shatt..[read more]
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Mortgage Rates Hold Steady At All Time Lows
Tue, 15 May 2012 20:53:53 GMT
Posted To: Mortgage Rate WatchMortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domestic economic data out this morning, r ates continue to be indirectly fueled by politi..[read more]
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MBS RECAP: Despite Tons of Data, Greece Remains Dominant Market Motivator
Tue, 15 May 2012 20:23:30 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Today we got to see just how inconsequential our domestic data can be in the face of global financial hyperfocus on the good old Hellenic Republic, aka Greece. Interestingly enough, dom..[read more]
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Agencies Absolved of Causing Meltdown; Fifth Third Cuts HARP 2.0; Europe Approves Basel III
Tue, 15 May 2012 18:58:10 GMT
Posted To: Pipeline Press"Apparently, I'm supposed to be more outraged by what Mitt Romney does with his money, than by what Barack Obama does with mine." So wrote a witty LO, regarding our presidential race which seems to have been going on for over..[read more]
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NAR: Housing Affordability Index Breaks into Record Levels
Tue, 15 May 2012 16:16:10 GMT
Posted To: MND NewsWireHousing affordability may be at an all time high according to the quarterly Housing Affordability Index for the first quarter of 2012. The index, issued this morning by the National Association of Realtors® (NAR), hit 205.9..[read more]
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MBS MID-DAY: Busy Morning For Data, But Greece Rules
Tue, 15 May 2012 15:23:36 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Fewer mornings this year have been busier from an economic data standpoint, and that fact will be apparent in the recap of the 'live updates' below. But European concerns--particularly th..[read more]
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Builder Sentiment Recovers after April Drop
Tue, 15 May 2012 15:20:57 GMT
Posted To: MND NewsWireAfter a bad showing in April the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) has rebounded, hitting its highest reading since May 2007. The index, which measures home builder confidence, ..[read more]
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FHFA Outlines Strategic Plan, Goals for Next Four Years
Tue, 15 May 2012 14:57:14 GMT
Posted To: MND NewsWireThe Federal Housing Finance Agency released a draft of its Strategic Plan : Fiscal Years 2013-2017 this morning. The document, which lays out goals for those years and methods for achieving them, is available for public comment..[read more]
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