Mon, Aug 25 2014, 11:32 AM
All
this hope (hype?) that the mortgage industry is placing on the
Millennials to bolster volume makes my head spin. (Scholars can't even
agree ...
Mon, Aug 25 2014, 10:46 AM
New home sales were down again in July, declining by
2.4 percent from June to a seasonally adjusted annual rate of 412,000
units. But the June rate...
Fri, Aug 22 2014, 11:33 AM
The race to the bottom, in terms of guidelines or razor-thin pricing margins , prompted on industry vet to send me, "There's a lot of space in the mo...
Thu, Aug 21 2014, 11:46 AM
Existing home sales in July hit their
best pace so far this year the National Association of Realtors® (NAR) said
today, reflecting a 2.4 percent in...
Thu, Aug 21 2014, 11:31 AM
It seems hard to imagine, but
CoreLogic said on Wednesday that once-upon-a time, before the housing crisis,
the sale of distressed homes made up on...
Thu, Aug 21 2014, 11:28 AM
A credit report is enough to completely steal a person's identity . It is? Does it take a few weeks? No - it takes 3 minutes .
And we wonder why...
Mon, Aug 18 2014, 11:14 AM
Measures
of builder confidence in the new home market rose again this month. The third consecutive monthly increase in the
National Association o...
Mon, Aug 18 2014, 10:59 AM
Say
what you will about Zillow (and people do), the firm does not fall
short as a driver of information. As many in the industry are preparing
t...
Thu, Aug 14 2014, 10:31 AM
Applications for the purchase of newly
constructed single-family homes rose 2 percent in July. The Mortgage Bankers Association (MBA) based
this ...
Thu, Aug 14 2014, 10:30 AM
While the share of residential real
estate transactions that are all cash continues to decline they remain well
above historic levels CoreLogic said...
Thu, Aug 14 2014, 3:46 PM
Wells Fargo has apparently decided that
a carrot is better than massive layoffs when the mortgage business starts to
slide. Bloomberg is report...
Tue, Aug 12 2014, 12:48 PM
Home price growth continued to
decelerate during the second quarter and the National Association of Realtors (NAR) said
the quarter ended with yea...
Fri, Aug 8 2014, 3:08 PM
The gap between Americans who think it
is a good time to buy a house and those who feel it is a good time to sell
narrowed by six percentage points ...
Tue, Aug 5 2014, 10:59 AM
The homeownership rate in
the US fell again last quarter, to 64.7%, the lowest rate in almost 20
years . Separately, the rental vacancy rate fe...
Mon, Aug 4 2014, 10:44 AM
Are you an appraiser ? Maybe you should be honored: there are fewer and fewer of you every year, and your ranks are down to 80,500 nationwide . Ther...
Tue, Jul 29 2014, 11:19 AM
My
plan has always been pretty simple with my children: feed and clothe
them in a loving home, make sure they get a college education followed
b...
Mon, Jul 28 2014, 10:40 AM
Pending home sales declined modestly in
June after three months of what the National Association of Realtors®
(NAR) called "solid gains." NAR's P...
Mon, Jul 28 2014, 10:36 AM
How
is it that this is the last week of July already? Lots of lenders seem
to have seen decent Julys - but perhaps not as strong as some of their ...
Fri, Jul 25 2014, 11:09 AM
"Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs .
Is that still ha...
Fri, Jul 25 2014, 1:30 PM
It was a bad day on Wall Street
Thursday for housing stocks. In no particular order Census Bureau
data was released showing that new home sales had...
Thu, Jul 24 2014, 12:27 PM
Typically, negative economic data on the scale of this morning's New Home Sales would be a clearly positive factor for bond prices. Sales fell at the...
Thu, Jul 24 2014, 11:24 AM
New homes sales retreated in June from
the very strong performance reported for May; a performance that
turns out to have been less strong. A join...
Thu, Jul 24 2014, 9:53 AM
For LOs who feel "enough is
enough" with regard to the proposed Pre-Licensure Education Expiration Policy on education, timelines, and requirement...
Thu, Jul 24 2014, 4:10 PM
Mortgage rates moved higher today
at the fastest pace since July 3rd as bond markets began backing away
from more anxious levels associated wit...
Wed, Jul 23 2014, 12:58 PM
The theme for the economy and the
housing market's in 2014 has been set for months; the economy will
continue to slowly strengthen; the modest reco...
Wed, Jul 23 2014, 10:49 AM
Captain
Obvious likes to say, "Home prices don't always go up." It's probably a
cliché at this point, but it's better than the, "Buy as much home ...
Tue, Jul 22 2014, 11:27 AM
The pace of existing home sales
reached a nine month high in June, topping 5 million units for the first time
since last October while there were ...
Tue, Jul 22 2014, 9:50 AM
What, if anything, is putting a crimp in expected loan
production? Perhaps the CFPB's QM rules are indeed restricting
residential lending. In one...
Tue, Jul 22 2014, 4:56 PM
Mortgage rates were unchanged
in most cases today, though some lenders were slightly worse. Even
then, the difference from yesterday is genera...
Mon, Jul 21 2014, 9:47 AM
What
can you buy on minimum wage? Well, I guess that's a relative question;
relative to a number of factors such as where you live, your current
...
Wed, Jul 16 2014, 11:38 AM
Homebuilder confidence in the market for
new homes crossed into positive territory in July, the first time the measure
has been above the crucial 50...
Thu, Jul 10 2014, 11:23 AM
Applications for new home purchase
mortgages declined in June for the second month in a row the Mortgage Bankers
Association (MBA) said today. ...
Wed, Jul 9 2014, 1:12 PM
A recent survey by Redfin, the
Seattle-based real estate company, found some substantial disconnects among
buyers, sellers, and market reality.
...
Mon, Jul 7 2014, 10:55 AM
Responses to Fannie Mae's National
Housing Survey for June showed more marked changes in several categories than
has been the case in recent month...
Thu, Jul 3 2014, 1:26 PM
The Harvard Joint Center for Housing Studies' most recent edition of The State of the Nation's Housing deals first with the current status of the hous...
Tue, Jul 1 2014, 10:57 AM
Home
prices enjoyed a 27 th straight month of year-over-year growth in May
CoreLogic said today, but noted that those gains are no longer in the ...
Tue, Jul 1 2014, 10:47 AM
Yes, smaller lenders sue each other. The latest verdict announced was a decision between Stearns and Prospect Mortgage . And we have the latest set...
Mon, Jun 30 2014, 10:32 AM
There was encouraging home market news
from the National Association of Realtors® (NAR) this morning. The association's Pending Home Sales Index
s...
Mon, Jun 30 2014, 10:02 AM
Suddenly
the entire industry seems interested in three things: using the Federal
Home Loan Banks as a pseudo-warehouse line, jumbo deals, and
fo...
Tue, Jun 24 2014, 11:25 AM
New home sales rose at the fastest pace in more than 20 years last month, hitting levels not seen since 2008. The Census
Bureau and the Department...
Tue, Jun 24 2014, 11:01 AM
There are 2 million "missing households" in
the US - which represents pent up demand for new residences in the US.
These are Millennials who are...
Tue, Jun 24 2014, 7:51 AM
While tomorrow arguably hosts the week's most important economic report, today wins in terms of sheer volume and variety. We get almost every flavor...
Tue, Jun 24 2014, 1:25 PM
RealtyTrac reports a very large increase
in the median price of a home sold in the U.S. in May compared to the median
price in April. There was a...
Mon, Jun 23 2014, 12:28 PM
MBS have managed to hold on to most of their gains seen on Friday, even after Existing Home Sales came in stronger than expected. Prices were highe...
Mon, Jun 23 2014, 11:20 AM
There were some healthy signals from the
existing home market in May, as sales rose strongly and price growth
moderated. The National Association...
Mon, Jun 23 2014, 9:41 AM
"On
Thursday, June 19, issues of latency and connectivity were reported by
the public across multiple Internet Service Providers. The public can
...
Mon, Jun 23 2014, 3:24 PM
Almost one year ago Mark Palim, Fannie
Mae's Vice President of Applied Economic and Housing Research, analyzed what impact rising
rates might hav...
Fri, Jun 20 2014, 5:19 PM
Look up into any window of the closest apartment building and odds
are you'll see someone living there. National apartment occupancy in May
soared...
Fri, Jun 20 2014, 3:38 PM
Mortgage rates moved modestly lower again today.
While that leaves them a bit higher than the best rates of this year,
it enables an important...
Thu, Jun 19 2014, 11:51 AM
As
a rule, it isn't good when economists use words like "sluggish" and "lackluster,"
the very terms that crept into the opening paragraph of Fredd...
