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Real Estate News |
MBS RECAP: 2/9/2012
Thu, 09 Feb 2012 21:22:41 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-22 : -0-05 FNMA 4.0 105-13 : -0-08 FNMA 4.5 106-19 : -0-07 FNMA 5.0 107-30 : -0-04 GNMA 3.5 105-02 : -0-06 GNMA 4.0 107-24 : -0-07 GNMA 4.5 109-03 : -0-06 GNMA 5.0 110..[read more]
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Mortgage Rates at a Tipping Point After Rising Today
Thu, 09 Feb 2012 20:06:00 GMT
Posted To: Mortgage Rate WatchMortgages Rates moved higher today at the quickest pace of the week. For the second time this year, the 3.875% Best-Execution rate on 30yr Fixed Conventional loans is in question. If rates move much higher from here, the..[read more]
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FHA Claims Against Bank of America / Countrywide Resolved
Thu, 09 Feb 2012 19:42:18 GMT
Posted To: MND NewsWireLoretta E. Lynch, U.S. Attorney for the Eastern District of New York announced the settlement of claims her office had brought against Bank of America, Countrywide Financial Corporations and some of its affiliates for underwrit..[read more]
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MBS And Treasuries Off Their Lows. Long Term Trends In Play
Thu, 09 Feb 2012 19:27:00 GMT
Posted To: MBS CommentaryLatest Alert From MBS Live: Treasuries, MBS Attempting to Turn a Corner Following 30yr Auction - 2:06PM Volume surged briefly following the 1pm 30yr Bond Auction, but has since died down. In the process, Treasury yields and M..[read more]
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NAR: Home Affordability Increases Nationwide
Thu, 09 Feb 2012 17:38:19 GMT
Posted To: MND NewsWireAs prices continued to decline during the fourth quarter of 2011 in most metropolitan areas of the U.S., housing affordability rose due not only to the lower prices but also because of record low interest rates . The National A..[read more]
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Mortgage Servicer Settlement Finally Reached
Thu, 09 Feb 2012 16:51:05 GMT
Posted To: MND NewsWireA final settlement between the nation's five largest mortgage servicers , two federal agencies and 49 of the states' attorneys general (AGs) was announced this morning by officials representing the AGs, the Departments of Justi..[read more]
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MBS MID-DAY: 2/9/2012
Thu, 09 Feb 2012 16:17:36 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-18 : -0-09 FNMA 4.0 105-14 : -0-07 FNMA 4.5 106-20 : -0-06 FNMA 5.0 108-00 : -0-02 GNMA 3.5 105-02 : -0-06 GNMA 4.0 107-25 : -0-06 GNMA 4.5 109-03 : -0-06 GNMA 5.0 1..[read more]
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Ally to Sell ResCap? NCUA on Loan Workouts; Thoughts on the FHA Streamline Situation
Thu, 09 Feb 2012 14:51:13 GMT
Posted To: Pipeline PressTop Realtors and loan officers know that words make a difference in dealing with buyers and borrowers. It may seem obvious, but word choice, be it in advertising or client relations, has a big influence on what customers thin..[read more]
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"House Lock" - Negative Equity not Hurting Employment Numbers
Thu, 09 Feb 2012 14:06:09 GMT
Posted To: MND NewsWire" House lock " is not a major factor when it comes to a homeowner's ability to find a job. A working paper commissioned by the Federal Reserve Bank of Boston found that, while many Americans lack mobility because their homes ar..[read more]
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The Day Ahead: Digesting Greek Headlines and Week's Last Auction
Thu, 09 Feb 2012 13:07:00 GMT
Posted To: MBS CommentaryNormal 0 false false false EN-US X-NONE X-NONE As it turns out, the reason we’d heard about the meeting of Greek officials and the troika starting earlier in the day yestersday while never hearing anything else before d..[read more]
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MBS RECAP: 2/8/2012
Wed, 08 Feb 2012 21:17:31 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-28 : +0-04 FNMA 4.0 105-21 : +0-02 FNMA 4.5 106-25 : +0-01 FNMA 5.0 108-01 : +0-01 GNMA 3.5 105-08 : +0-02 GNMA 4.0 107-32 : +0-03 GNMA 4.5 109-09 : +0-03 GNMA 5.0 110..[read more]
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Mortgage Rates Flat to Slightly Improved After Auction, Greece News
Wed, 08 Feb 2012 20:46:00 GMT
Posted To: Mortgage Rate WatchFor several sessions in a row, Mortgages Rates have moved in the opposite direction from the previous session, although even the bigger examples of these movements haven't been enough to nudge 3.875% out of the "best-exe..[read more]
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Mortgage Rates Flat to Slightly Improved After Auction, Greece News
Wed, 08 Feb 2012 20:10:00 GMT
Posted To: MBS CommentaryFor several sessions in a row, Mortgages Rates have moved in the opposite direction from the previous session, although even the bigger examples of these movements haven't been enough to nudge 3.875% out of the "best-executio..[read more]
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Ally said to be Shopping Mortgage Unit
Wed, 08 Feb 2012 19:05:52 GMT
Posted To: MND NewsWireOne of the financial institutions that are party to the reported settlement agreement with the attorneys general of the majority of the states is reportedly on the auction block. According to Bloomberg News, Ally Financial is t..[read more]
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Bond Markets Improve Following 10yr Auction and Fed Selling
Wed, 08 Feb 2012 19:01:00 GMT
Posted To: MBS CommentaryAfter the 10yr auction, production MBS and the long end of the yield curve didn't move much at first. But it now seems that some additional bid for the 10yr was on hold until after the Fed's Scheduled selling that ended at 2p..[read more]
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Delinquencies, Foreclosures, and Inventories Improve in CoreLogic Data
Wed, 08 Feb 2012 17:54:46 GMT
Posted To: MND NewsWireAccording to CoreLogic, the Santa Ana California based provider of information and business services, there were a total of 830,000 foreclosures nationwide in 2011 compared to 1.1 million in 2010. The most recent monthly number..[read more]
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Missouri Goes After Processor DocX; Wells Now #1 Servicer; Rural Streamlines
Wed, 08 Feb 2012 16:59:00 GMT
Posted To: Pipeline PressWhat, exactly, qualifies a person as "rich"? It depends who you are - here in the States the wealth of the top 1% is about 225 times greater than that of the typical family, compared to 125 times in 1962, and the cumulative w..[read more]
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MBS MID-DAY: 2/8/2012
Wed, 08 Feb 2012 16:17:24 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-26 : +0-03 FNMA 4.0 105-20 : +0-01 FNMA 4.5 106-23 : -0-01 FNMA 5.0 108-00 : -0-01 GNMA 3.5 105-09 : +0-03 GNMA 4.0 107-31 : +0-02 GNMA 4.5 109-06 : +0-00 GNMA 5.0 1..[read more]
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Refinancing Apps Rise on Record Low Rates
Wed, 08 Feb 2012 13:58:46 GMT
Posted To: MND NewsWireMortgage rates broke another set of records during the week ended February 3, establishing several new historic lows. In response, the seasonally adjusted Mortgage Bankers Association's (MBA) Market Composite Index, a measure o..[read more]
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Day Ahead: 10yr Auction And Another Probable Greek Deadline Miss
Wed, 08 Feb 2012 13:06:00 GMT
Posted To: MBS CommentaryThe theme of light economic data continues on Wednesday with MBA Mortgage Apps being the only item of note. Even then, it's only notable due to it's pertinence to our industry and is not a market mover. Both the refi and purc..[read more]
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MBS RECAP: 2/7/2012
Tue, 07 Feb 2012 21:17:19 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-23 : -0-04 FNMA 4.0 105-18 : -0-04 FNMA 4.5 106-23 : -0-04 FNMA 5.0 107-32 : -0-05 GNMA 3.5 105-05 : -0-02 GNMA 4.0 107-28 : -0-01 GNMA 4.5 109-04 : -0-03 GNMA 5.0 110..[read more]
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House Committee Acts on Bill to Protect FHA Fund
Tue, 07 Feb 2012 21:11:47 GMT
Posted To: MND NewsWireA sub-committee of the House Financial Services committee today approved the FHA Emergency Solvency Act which is intended to shore up the finances of the Federal Housing Administration (FHA). The legislation strengthens FHA's M..[read more]
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Mortgage Rates Slightly Higher as Greece, Auctions Weigh on Markets
Tue, 07 Feb 2012 20:47:00 GMT
Posted To: Mortgage Rate WatchAlthough the recently confirmed 3.875% Best-Execution level remains intact for 30yr fixed, conventional loans, Mortgages Rates moved slightly higher today in terms of the costs required to obtain those rates. Weakness in..[read more]
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MBS Relative Performance and Bond Duration - An Intro
Tue, 07 Feb 2012 20:06:27 GMT
Posted To: Secondary MarketsMBS went through an interesting Employment Friday. I know it’s hard to remember back after a long weekend (especially for N.E. fans), but the bond market sold off pretty substantially on Friday after a better-t..[read more]
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MBS and Treasuries Battling Back After 3yr Auction, Greece News
Tue, 07 Feb 2012 19:31:00 GMT
Posted To: MBS CommentaryBond markets had already been trending into negative territory leading up to today's 3yr auction, but took a turn for the worse afterwards with some help from a few newswires out of Greece. All that is detailed in the followi..[read more]
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