Thu, Jan 23 2014, 11:51 AM
December existing home sales edged up 1.0 percent to a
seasonally adjusted annual rate of 4.87 million from 4.82 million in
November and
were 0.6 ...
Thu, Jan 23 2014, 10:56 AM
All is not bleak in residential lending. Note that yesterday
the MBA reported applications rose 4.7% last week versus +11.9% the
previous week. ...
Thu, Jan 23 2014, 9:59 AM
Sales of distressed properties made up a
larger share of home sales in 2013 than in 2012 RealtyTrac said today. Short sales and sales of bank-owne...
Tue, Jan 21 2014, 11:59 AM
Sales in 2013 were 5.9 percent below
sales in 2012 the California Association of Realtors® (C.A.R.) has announced,
and December sales also were do...
Tue, Jan 21 2014, 10:04 AM
How 'bout that Chinese housing market? New
home sales last year exceeded $1 trillion for the first time as
property prices in cities the governm...
Thu, Jan 16 2014, 12:44 PM
The strong growth in the home remodeling
market which began in the second quarter of 2013 will continue through the
first half of 2014 according t...
Thu, Jan 16 2014, 10:47 AM
Applications for the purchase of newly
construction homes were down again in December, declining 11 percent from
November's levels. November sale...
Thu, Jan 16 2014, 3:14 PM
The housing market turned the corner in 2012 Freddie
Mac's economists said today, and the recovery was fully underway in 2013. But despite the posit...
Tue, Jan 7 2014, 11:01 AM
Standard and Poor's Ratings Direct
Service has made some projections for the coming year. In addition to numerical forecasts for the
economy as a w...
Fri, Jan 3 2014, 12:07 PM
Last
Saturday I mentioned a misspelling in a mortgage document ("...MERS holds
leugal title..."). It turns out that it is not a MERS or Fannie iss...
Tue, Dec 31 2013, 11:39 AM
Thanks to FAMC
for sponsoring the Franklin American Mortgage Music City Bowl . It was
some great publicity for FAMC and the industry. And this is...
Mon, Dec 30 2013, 10:22 AM
Pending home sales technically rose slightly in November, but only after a negative downward revision to October's Pending Home Sales Index (PHSI) ...
Mon, Dec 30 2013, 9:51 AM
Bloomberg reports Blackstone has purchased 41,000 homes across the US in the past 2 years to become the largest single family landlord in the countr...
Mon, Dec 30 2013, 9:00 AM
Last
week was brutally slow, punctuated by an early close on Tuesday, the
Christmas holiday on Wednesday and a general absence of volume and
vol...
Mon, Dec 30 2013, 4:06 PM
Mortgage rates continued lower to begin the week after pulling back just slightly from 3-month highs on Friday. Activity continues to be subdu...
Thu, Dec 26 2013, 10:27 AM
Echoing
what lock desks are seeing, and once again causing some lenders and
Realtors to take a fresh look at overhead, the MBA Mortgage Applicatio...
Tue, Dec 24 2013, 10:20 AM
New Single Family Home Sales stood at a seasonally adjust annual rate of 464,000 in November
according to estimates released today by The U.S. Cens...
Mon, Dec 23 2013, 10:04 AM
Before
we delve into the agency, lender, and investor news, here is some
holiday cheer....maybe. On December 9th, the Federal Reserve released its...
Mon, Dec 23 2013, 1:43 PM
Pending home sales in California experienced
the first double digit drop in over a year in November, falling 13.6 percent
from October to a Pendin...
Thu, Dec 19 2013, 10:54 AM
Existing home sales in November failed to outdo those in the same month a
year earlier for the first time in 29 months .
The National Association ...
Thu, Dec 19 2013, 10:30 AM
Sometimes
common sense seems to leave the markets, but then again, traders are
smarter than the rest of us, right? "Beginning in January, the Comm...
Thu, Dec 19 2013, 1:52 PM
Fannie
Mae said today that the third quarter economy was better than expected with
inventory buildups that doubled from the second quarter, the fa...
Tue, Dec 17 2013, 3:23 PM
Home sales in the San Francisco Bay Area like those in the
state at large fell in November DataQuick said today. While state-wide sales, as report...
Tue, Dec 17 2013, 2:43 PM
Home sales declined in California in
November, suffering from diminishing housing affordability in the face of
rising home prices and interest rates...
Mon, Dec 16 2013, 10:18 AM
The value of
US pensions has soared this year. Per JPMorgan Chase, pensions now cover 96% of future obligations! Pension values
have seen the bi...
Thu, Dec 12 2013, 11:06 AM
The Mortgage Bankers
Association (MBA) said today that applications for the purchase of newly
constructed homes declined in November by about 18 p...
Thu, Dec 12 2013, 11:00 AM
While mortgage delinquency rates are
expected to continue their decline to more normal levels next year, multiple
factors will slow that drop from...
Mon, Dec 9 2013, 12:14 PM
Lender Processing Services (LPS) Mortgage Monitor for October reports that
48 percent of outstanding second lien home equity lines of credit (HEL...
Wed, Dec 4 2013, 10:59 AM
The U.S. Census Bureau and the
Department of Housing and Urban Development released their joint report on new
home sales in September and October...
Wed, Dec 4 2013, 10:49 AM
If you have questions about affiliate fees, and what fees are included in the 3% threshold, the MBA has answers! Here you go , and one more her...
Wed, Dec 4 2013, 7:30 AM
MBS are having a bad few weeks since FOMC Minutes reignited a PORTION
of tapering possibilities in December. We say "portion" because it's
not ...
Wed, Dec 4 2013, 3:50 PM
Mortgage rates moved
higher again today, reaching levels not seen since September 17th--the
day before the Fed Announced "no change" to QE asset...
Mon, Dec 2 2013, 9:25 AM
Planning
on giving out a few things for the holidays to special clients? Think
twice about it! Ken Perry writes, “Hey Rob, as we get closer to the...
Tue, Nov 26 2013, 10:45 AM
Home
prices continue to increase nationally, and the S&P Case-Shiller's U.S.
National Home Price Index which is issued quarterly showed a strong thi...
Tue, Nov 26 2013, 9:55 AM
In August
2015 there will be a change to the mandatory waiting period (“effective
August 2015 a home BUYER will now have a MANDATORY 3 day waiti...
Mon, Nov 25 2013, 10:44 AM
Pending
home sales fell in October to the lowest level in nearly a year. The Pending Home Sales Index (PHSI) released
this morning by the Nationa...
Mon, Nov 25 2013, 10:12 AM
The
last survey I took was regarding how happy I was with my long-distance
carrier, and ended with me hanging up right in the middle of the
age-...
Mon, Nov 25 2013, 4:04 AM
We enter this holiday-shortened week with bond markets having done an
admirable job of consolidating and correcting after the losses inspired
by l...
Mon, Nov 25 2013, 3:18 PM
Contracts for home purchases in the
Golden State increased in October, the first such increase in three months the
California Association of Realt...
Fri, Nov 22 2013, 3:50 PM
Mortgage rates were steady to slightly lower today, though they remain elevated on the week ( read more... ).
Most lenders are effectively un...
Thu, Nov 21 2013, 10:30 AM
CFPB announced its first enforcement action against a payday lender , with $14 million in reimbursements and a $5 million penalty .
33 bus...
Thu, Nov 21 2013, 2:58 PM
Fannie Mae's Economic and Strategic
Research Group calls the temporary government shutdown and debt ceiling
negotiations in October a blow to consu...
Wed, Nov 20 2013, 10:57 AM
Low inventories continue to drive home
prices up from year-ago levels, but existing home sales appear to have at least
temporarily cooled the Nation...
Wed, Nov 20 2013, 9:51 AM
The coming year should bring an
emergence of the first purchase-dominated market the U.S. has seen since 2000
Freddie Mac has predicted. The
s...
Wed, Nov 20 2013, 9:18 AM
Flagstar Bank has spread the word that Flagstar is adding an option for “ VA IRRRL Other Servicer ”
to use AVM rather than an appraisal up to 100% L...
Tue, Nov 19 2013, 4:51 PM
Mortgage rates broke their 4-day winning streak,
moving just slightly higher in most cases. Some lenders fared worse
than others and many rec...
Tue, Nov 19 2013, 2:34 PM
The government shutdown and the typical
end of summer doldrums dragged California home sales down in October, the third
straight month of falling sa...
Mon, Nov 18 2013, 10:50 AM
Builder confidence in the market for
newly constructed homes remains only moderately positive according to the National
Association of Home Builders...
Mon, Nov 18 2013, 9:20 AM
There is an abundance of smaller lenders who
would rather focus on funding loans than on focus on compliance, and an
abundance of companies with...
Fri, Nov 15 2013, 1:06 PM
Another firm has weighed in with an
index that confirms both the continuation of the better than year-long housing
price gains and that the price pe...
