Wed, Mar 26 2014, 11:15 AM
Whenever
I riffle through my neighbor's trash cans looking for paystubs and
trying to figure out how much money they make, the motion light comes ...
Tue, Mar 25 2014, 10:56 AM
After rising by a revised 3.2 percent January, New Home Sales
fell 3.3 percent in February according to data released today by The
Census Bureau...
Mon, Mar 24 2014, 10:41 AM
Many folks attended the recently held IMN conference on residential mortgage servicing rights
(MSRs) in Manhattan. The primary focus of attendees ...
Mon, Mar 24 2014, 4:46 PM
Mortgage rates moved sideways to slightly lower
today, but only after a slew of mid-day reprices from lenders. Before
that, the morning rate...
Thu, Mar 20 2014, 11:56 AM
Existing Home Sales, which are completed transactions for
single-family homes, townhomes, condominiums and co-ops, continued
trending lower in Feb...
Thu, Mar 20 2014, 9:54 AM
It has been 5 years since Thornburg
Mortgage filed for Chapter 11. For folks not around then, Thornburg
Mortgage Inc. was an American corporatio...
Mon, Mar 17 2014, 12:14 PM
Builder
confidence as measured by the National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index (HMI) remained flat in March, ...
Mon, Mar 17 2014, 10:11 AM
Don't
forget to wear a little green today, and this was seen at a local bar:
"Special Today Only! Buy one beer for the price of two, and receive a...
Mon, Mar 17 2014, 4:30 PM
Mortgage rates moved moderately higher today,
erasing most of the improvement seen since Thursday afternoon. At that
time, global markets incl...
Mon, Mar 17 2014, 3:43 PM
Closed sales of existing single-family homes slipped
again in February, marking the seventh straight month of declining activity. The
California A...
Fri, Mar 14 2014, 11:34 AM
Who
doesn't love a good 'Top 10' list? If it wasn't for top ten lists, and
videos of cats dancing, the internet would be reserved for its intended...
Thu, Mar 13 2014, 12:51 PM
New home sales were up slightly in
February the Mortgage Bankers Association (MBA) said today, but the increase
was based on a substantially downgr...
Thu, Mar 13 2014, 10:04 AM
I
can't figure out if this is a story about the rebounding real estate
market , or about the gap between the "haves and the have-nots" widening -...
Wed, Mar 12 2014, 1:23 PM
In an article that appeared recently
in CoreLogic's blog, Popping the Housing
Bubbly Theory, CoreLogic's Chief Economist Dr. Mark Fleming presents...
Tue, Mar 11 2014, 1:21 PM
Relatively speaking, one might say that the distressed housing market in
California has virtually evaporated . The
California Association of Realt...
Tue, Mar 4 2014, 11:42 AM
Mortgage
originations in January were at the lowest level in 6 years 2008 Black Knight
Financial Services said today and data on prepayment speeds a...
Mon, Mar 3 2014, 9:16 AM
Zelman & Associates
invites readers to join them for an informative conference call to
discuss their outlook on the housing market and mortgage ...
Fri, Feb 28 2014, 10:02 AM
Pending
sales changed little from December to January the National Association of
Realtors® (NAR) said today. That is not
surprising as the bad w...
Fri, Feb 28 2014, 9:42 AM
It
has been quite a week, visiting mortgage and banking folks in
California, Kansas, and now Texas. There are a lot of good, experienced
personn...
Fri, Feb 28 2014, 2:48 PM
Mortgage rates rose slightly today
ending a strong 3-day move lower. The weakness followed this morning's
economic data, but the bond markets th...
Thu, Feb 27 2014, 10:59 AM
Hope
springs eternal, right? As the residential lending industry wraps up a
couple rough months tomorrow, everyone is hoping for a more robust Mar...
Thu, Feb 27 2014, 10:13 AM
Institutional investors appear to be
losing interest in purchasing foreclosed properties for rentals in the face of
rising property prices and int...
Wed, Feb 26 2014, 11:29 AM
Buyers seem to have ignored the unusually
stormy weather that affected a lot of the country in January, trooping through
snow and ice to boost new...
Wed, Feb 26 2014, 11:01 AM
"You
know you're old if they have discontinued your blood type." You also
know you're old if you think "vendor management" consists of making sure...
Wed, Feb 26 2014, 8:00 AM
Today's calendar is less busy overall, compared to Tuesday, but offers a good mix of data and events . The only significant economic report of the d...
Wed, Feb 26 2014, 4:37 PM
Mortgage rates built on yesterday's strength
and continued lower today. After lenders released rate sheet
improvements in the afternoon, the av...
Wed, Feb 26 2014, 1:47 PM
The index tracking pending home sales in California jumped
22.9 percent in January to 84.8 from 68.9 in December. This was the first increase in t...
Tue, Feb 25 2014, 11:40 AM
The S&P Case-Shiller National home
price index and the Federal Housing Finance Agency's Home Price Index (HPI),
both issued on Tuesday, diverged sh...
Tue, Feb 25 2014, 4:28 PM
Mortgage rates fell noticeably
today, after being pushed up against the highest levels in nearly a
month yesterday. In that sense, the positivi...
Tue, Feb 25 2014, 1:18 PM
The growth in the average size of a new
home paused briefly at the beginning of the recession as Americans retrenched
in a lot of ways, but times ha...
Mon, Feb 24 2014, 10:32 AM
Loans
have become harder to do, and underwriters that I have spoken to keep
telling me that every deal is different. How many scenarios are ther...
Fri, Feb 21 2014, 10:44 AM
Tongues are wagging
about Wells Fargo' s extending credit to borrowers with lower credit
scores (600 FICOs) and thus, on the surface, perceive hi...
Tue, Feb 18 2014, 10:50 AM
The National Association of Homebuilders (NAHB)
provided a number of explanations for a record drop in the NAHB/Wells Fargo
Housing Market Index (...
Tue, Feb 18 2014, 10:46 AM
"Any
idea how much Realtors make?" I don't know, and asking someone their
income isn't always the wisest of moves, especially on a first date. But...
Tue, Feb 18 2014, 2:49 PM
Using
an Olympic theme of " Will Housing Take Gold ", Freddie Mac's economists said
today that, while they had expected housing 'to come out of the ...
Mon, Feb 17 2014, 6:10 PM
Underwriters
will soon be entering that netherworld where they want 2013 tax
returns , but borrowers just don't have them yet. With that in mind,...
Thu, Feb 13 2014, 10:26 AM
The January spurt in applications for
new home purchases does not surprise Mike Fratantoni, chief economists for the
Mortgage Bankers Association....
Tue, Feb 11 2014, 10:52 AM
Home
price movement was mixed across metropolitan areas (MSAs) in the fourth quarter
of 2013 the National Association of Realtors® (NAR) said today....
Mon, Feb 10 2014, 12:03 PM
The Obama Administration's January Housing
Scorecard, issued jointly by the Departments of Treasury and Housing and Urban
Development (HUD) notes th...
Mon, Feb 3 2014, 12:23 PM
Black Knight Financial Services said
today that the rate for mortgage delinquencies of 30 days or more, which does
not include loans in foreclosure,...
Mon, Feb 3 2014, 9:14 AM
I have decided that I am ready, mentally and physically, to win $1 billion - and it is out there for the taking. Quicken
Loans is offering a $1 bi...
Fri, Jan 31 2014, 12:51 PM
"The familiar saying that housing brings
the economy out of recessions did not hold true this time around," according to
David Crowe, Chief Economis...
Thu, Jan 30 2014, 10:53 AM
Abnormal weather was partially
blamed by the National Association of Realtors® (NAR) for a substantial drop in
its December Pending Home Sales Ind...
Thu, Jan 30 2014, 10:02 AM
The industry is changing. The first half of 2013 is a distant, fond
memory for residential lenders. Subprime, non-prime - what's the diff? Business...
Thu, Jan 30 2014, 3:04 PM
Mortgage rates inched higher
today after hitting the lowest levels of the year yesterday. Trading
in the secondary mortgage markets was far cal...
Mon, Jan 27 2014, 11:29 AM
"Rob, can our investors, vendors, Realtor clients, warehouse banks, and so on, influence our hiring practices?" My kneejerk answer is that in this co...
Mon, Jan 27 2014, 4:22 PM
2:20PM :
ALERT ISSUED:
MBS Hits Lows; Negative Reprice Risk Increasing
The Fannie Mae 4.0 coupon has just reached the lo...
Mon, Jan 27 2014, 2:03 PM
December new home sales slipped 7.0 percent from revised
November figures the Census Bureau and the Department of Housing and Urban
Development ...
Fri, Jan 24 2014, 12:18 PM
Pending home sales in California
plummeted in December, falling 25.2 percent because of what the California
Association of Realtors® (C.A.R.) called...
Fri, Jan 24 2014, 10:29 AM
Just like the industry counted down to QM, now we can count down to
Girl Scout Cookie Season! We have about 16 days - but there is a lot
about the...
