Wed, Aug 28 2013, 7:11 AM
The mid-point of the week is acceptably plagued by
uncertainty. We can't really be sure which of the events on tap will
have the largest impact...
Tue, Aug 27 2013, 12:52 PM
The growth in home prices nationally
accelerated in the second quarter. The
S&P/Case-Shiller Home Price Index, which covers all nine U.S. census di...
Mon, Aug 26 2013, 9:42 AM
Here is an e-mail from Gary B. up in Washington: "Rob, I work for a mortgage bank, and we'd heard that that LOs have to be fingerprinted every three ...
Fri, Aug 23 2013, 11:00 AM
New home sales in July were at the lowest level in nine
months the Census Bureau and Department of Housing and Urban Development said
this morning...
Fri, Aug 23 2013, 10:42 AM
When S&P downgraded the United States (remember that?), it did
absolutely nothing to Treasury rates, and certainly didn't seem to
motivate Congres...
Fri, Aug 23 2013, 5:25 PM
Mortgage rates shot significantly lower today
after the New Home Sales report showed far fewer executed purchases
contracts than expected for ...
Fri, Aug 23 2013, 4:52 PM
Weaker-than-expected New Home Sales data threw bond markets for a
loop today. There was essentially no data on tap this whole week, with
the exce...
Thu, Aug 22 2013, 12:59 PM
Home prices continued their strong two year-long national trajectory
by increasing 2.1 percent in the second quarter and 0.7 percent from May to
Jun...
Thu, Aug 22 2013, 11:01 AM
Many parents of young adults grapple with the, "Do we help little Sage buy a home, or let him rent?" question. The Wall Street Journal reports 37% ...
Thu, Aug 22 2013, 4:12 PM
Distressed sales have plunged in
the last year, the California Association of Realtors® (C.A.R.) said today, and
are now at only about half of the l...
Wed, Aug 21 2013, 11:29 AM
The overnight session was shockingly docile for Treasuries, with 10yr
yields staying super-glued to the 2.81-2.84 range before entering
domestic s...
Wed, Aug 21 2013, 11:19 AM
Sales of existing home increased
strongly in July and median home prices are now nearing their pre-crash peak National
Association of Realtors® (N...
Wed, Aug 21 2013, 11:05 AM
There is a lot of continued controversy and focus over the various
compensation plans for loan officers and regulatory audits. Obviously,
these c...
Wed, Aug 21 2013, 7:00 AM
After The first two days of the week offered a fairly large sell-off and
an equally large rally for bond markets--all against the backdrop of NO da...
Wed, Aug 21 2013, 1:47 PM
Fannie Mae economists Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick said today that despite two downside risk factors
they see the economy ...
Mon, Aug 19 2013, 10:07 AM
I am heading off to Indiana this morning, but still had time to catch
this OCC release about a company to cheat consumers who are trying to
rebuil...
Fri, Aug 16 2013, 2:09 PM
Home sales in California surged by 17.3
percent in July DataQuick said today, rising from 41,027 sales of new
and existing houses in June to 48,11...
Thu, Aug 15 2013, 1:28 PM
In its August Economic and Housing
Market Outlook Freddie Mac celebrates, sort of, a birthday. It was
four years, at the end of June, since the rec...
Tue, Aug 13 2013, 12:21 PM
Until the beginning
of the housing bust, distressed sales were only a small part of the
market and were discounted only in a modest and relatively s...
Fri, Aug 9 2013, 10:52 AM
Approximately
43,000 newly constructed homes were purchased in July, the Mortgage
Bankers Association (MBA) said today. MBA based its estimate on
...
Fri, Aug 2 2013, 4:11 PM
Mortgage rates fell sharply today, matching
the pace of yesterday's abrupt move higher. By the end of the day most
lenders were close to thei...
Tue, Jul 30 2013, 9:45 AM
Uh oh, just as I head to New York, this comes up. When the new MIP rules
went into effect, disclosures needed to be updated. A very informal
pol...
Mon, Jul 29 2013, 10:32 AM
Rising interest rates and home prices
are blamed for a slight dip in the number of pending sales in June the National
Association of Realtors® (NAR)...
Mon, Jul 29 2013, 9:38 AM
I am visiting Montana, and Butte just wrapped up "Evil Knievel Days"
over the weekend. (I had an acquaintance who was married to his sister -
thei...
Thu, Jul 25 2013, 9:50 AM
"America is the only country where a significant proportion of the
population believes that professional wrestling is real but the moon
landing wa...
Wed, Jul 24 2013, 11:01 AM
New home sales in June rose to a
seasonally adjusted rate of 497,000 units an increase of 8.3 percent
compared to sales in May. The June figure w...
Wed, Jul 24 2013, 10:53 AM
While
foreclosure starts in California bumped up slightly in the second
quarter, the number of homeowners entering foreclosure in that state
was ...
Wed, Jul 24 2013, 10:20 AM
It is hard to drive by a corner without seeing a gas station or a
bank these days. That doesn't mean banks are all huge, especially here
in Colora...
Tue, Jul 23 2013, 10:10 AM
I want one of those jobs where people ask, "Do you actually get paid
for doing this?" Most folks involved in lending or real estate rarely
hear th...
Mon, Jul 22 2013, 10:57 AM
Existing home sales dipped slightly in
June and May sales were revised down from previously reported levels
the National Association of Realtors®
(...
Mon, Jul 22 2013, 9:25 AM
We'll see a lot of housing news this week. Recently May 2013's, and
before that April's, national and regional prices showed continued
improvement...
Mon, Jul 22 2013, 1:35 PM
Fannie Mae said today in its July Economic and Strategic Report
that the view expressed in these reports since the first of this year
has not ch...
Tue, Jul 16 2013, 12:38 PM
Is the 116 basis
points (bps) rise in rates from 3.35 percent to 4.51 percent within
the May 3 to July 12 th
enough to stall the housing recovery...
Tue, Jul 16 2013, 12:12 PM
"The death of cash is greatly
exaggerated ." CoreLogic concurs with that quote from Mark Twain in
an article analyzing the impact cash sales has h...
Tue, Jul 16 2013, 2:06 PM
A perennial frontrunner of housing market trends, California's data
speaks to recent assertions that rising rates will affect sales more
than valu...
Tue, Jul 16 2013, 1:38 PM
Freddie Mac calls "Taper Talk" is
the main topic of conversation in the financial world, that is,
speculation about the timing and speed that the Fe...
Mon, Jul 15 2013, 9:22 AM
It would be a Hansel and
Gretelian task to follow the back and forth between the American Enterprise
Institute (AEI) and the Department of Housing a...
Thu, Jul 11 2013, 5:06 PM
The
Mortgage Bankers Association (MBA) has just released the first
installment of a new measure of loan activity designed as a monthly
companion ...
Tue, Jul 2 2013, 10:37 AM
There is a remarkable
degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster
tha...
Mon, Jul 1 2013, 2:58 PM
The Joint Center for
Housing Studies released its annual State of the Nation's Housing
report last week. Key points indicate a housing recovery tha...
Thu, Jun 27 2013, 11:09 AM
The
National Association of Realtors® (NAR) said today that rising
interest rates may finally be forcing many hesitant buyers into the
market. ...
Thu, Jun 27 2013, 10:46 AM
After five years of tough sledding, the
Las Vegas real estate market may be turning around . DataQuick
reports that home sales in the city - which...
Thu, Jun 27 2013, 10:43 AM
The MBA reported that independent mortgage banks saw their profit per loan take a tumble during the first quarter, down about $500 per loan
...
Wed, Jun 26 2013, 9:47 AM
"May a lender decline a mortgage applicant because the applicant
became involved in a lawsuit subsequent to his or her initial loan
application?" ...
Tue, Jun 25 2013, 11:16 AM
Newly constructed home sales rose 2.1
percent in May to a seasonally adjusted annual rate of 476,000 units.
The U.S. Census Bureau and the Depa...
Tue, Jun 25 2013, 10:38 AM
Home prices rose faster from March to
April than they ever have in the history of the Case Shiller Indices
the S&P/Case-Shiller announced today. ...
Mon, Jun 24 2013, 3:21 PM
The
California Association of Realtors® (C.A.R.) reports that May sales
of bank-owned properties (REO) were at the lowest level since October
2007...
Mon, Jun 24 2013, 3:02 PM
Despite some hurdles foreign buyers
continue to purchase properties in the U.S., accounting for six
percent of existing home sales. The National As...
Mon, Jun 24 2013, 1:17 PM
The National Association of Realtors, America's largest trade organization and a group that you'd want on your side, said that Congress should consid...
Thu, Jun 20 2013, 12:03 PM
Sales of existing homes rose again in
May and prices posted the biggest annual gain in eight years the
National Association of Realtors®
(NAR) s...
