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Real Estate News |
The Week Ahead: Light Data Calendar, Treasury Auctions, Holiday Weekend
Sun, 20 May 2012 23:52:00 GMT
Posted To: MBS CommentaryThe line-up of economic data in the week ahead is one of the lightest of the year. Monday is essentially data-free. The following two days of the week are focused on housing with Existing Home Sales on Tuesday and New Home Sa..[read more]
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More Lender Updates; Letters from the Trenches and Legal Updates Focused on the CFPB
Sat, 19 May 2012 16:56:02 GMT
Posted To: Pipeline PressLondon plans to use a painfully "High-Pitched Sound Generator" to disperse large crowds at the Olympics. Observers note that it will be Cindy Lauper's first paying gig since '86. Speaking of high-pitched noises (and no, this ..[read more]
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MBS RECAP: Slightly Bumpy Ride Late, But Important Level Holds
Fri, 18 May 2012 20:16:25 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary 104-16 Turned out to be an important level for Fannie 3.5's today. There's more than the usual amount of content in the 'alerts and updates' section below if you're looking to get caugh..[read more]
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Mortgage Rates Lower Still, But Progress Is Slow
Fri, 18 May 2012 18:41:00 GMT
Posted To: Mortgage Rate WatchMortgage Rates improved marginally from yesterday's new all-time lows. Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stoc..[read more]
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Mortgage Registry Now Includes all States, Federal Lenders
Fri, 18 May 2012 18:07:45 GMT
Posted To: MND NewsWireThe State Regulatory Registry, LLC (SRR) and the Nationwide Mortgage Licensing System (NMLS) have issued an Annual Report for 2011. The report notes that 2011 was the first year that all state mortgage regulatory agencies utili..[read more]
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MBS MID-DAY: Relatively Uneventful Despite Slight Weakness
Fri, 18 May 2012 15:22:41 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS are down 6/32nds. Reason being: everything has been well contained, and what little weak..[read more]
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Realtors Show Clout, 'Protecting The American Dream' in DC Rally
Fri, 18 May 2012 14:20:04 GMT
Posted To: MND NewsWireRealtors® massed on the Washington Mall on Thursday to show their strength in a year in which their trade organization, The National Association of Realtors (NAR) seems anxious on several levels. An estimated 15,000 Realtor..[read more]
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A Note on The Implications Of Flat Fee Pricing; Lender Updates Continue; Ready For Another Refi Wave?
Fri, 18 May 2012 13:33:52 GMT
Posted To: Pipeline PressFacebook...Facebook...Facebook...I guess the financial press is tired of discussing things like Europe's woes. ( Even today's closing paragraph at the bottom is about Facebook. ) Say what you want, but it is influencing real ..[read more]
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The Day Ahead: Markets Free To "Trade It Out" Amid Data-Free Session
Fri, 18 May 2012 03:22:00 GMT
Posted To: MBS CommentaryWith so many unprecedented and hefty considerations, markets might enjoy today's complete absence of scheduled economic data as some sort of chance to seek its own equilibrium. That sentence was actually lifted from an articl..[read more]
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MBS RECAP: Snowball Buying As Fedspectations Team Up With Euro-Drama
Thu, 17 May 2012 20:45:12 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary Two of our favorite made-up terms joined forces today to carry MBS to yet another all-time high and 10yr yields to the high 1.6's! The day looked as if it would be a deceleration in ter..[read more]
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Mortgage Rates Officially Hit New All-Time Lows!
Thu, 17 May 2012 19:21:00 GMT
Posted To: Mortgage Rate WatchMortgage Rates hit new all-time lows today. In most cases, lenders' offerings are just slightly better across the board than they were in late January, the last time we officially noted "new all-time lows," though some l..[read more]
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NAHB, NAR Agree, Homes Never More Affordable
Thu, 17 May 2012 15:37:03 GMT
Posted To: MND NewsWireFor the second time in a week a national housing trade organization has shown that purchasing a home is now within the reach of a record number of Americans. On Tuesday the National Association of Realtors® (NAR) published ..[read more]
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MBS MID-DAY: More Gains On Philly Fed Miss
Thu, 17 May 2012 15:24:11 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary The main market-mover of the morning was the release of the Philadelphia Fed Survey, the chief component of which fell from 8.5 last month to -5.8 today. This happens occasionally with re..[read more]
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The CFPB already has how many employees? And LO's wonder, "Could mortgage rates really go lower?"
Thu, 17 May 2012 14:40:00 GMT
Posted To: Pipeline PressAccenture Credit Services announced that, "Low interest rates, less competition, more regulation and tighter credit standards have pushed the time it takes the biggest mortgage lenders to refinance a mortgage loan from 45 day..[read more]
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The Day Ahead: Calendar Lightens Up Before Data-Less Friday
Thu, 17 May 2012 12:07:31 GMT
Posted To: MBS CommentaryIf the calendar of upcoming events and y'day's volume are any indication, it's possible that Wednesday was the climactic final scene before the intermission. Volume ramped up steadily on the first three days of the week, hitt..[read more]
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Judicial States Continue to Skew Foreclosure Statistics
Wed, 16 May 2012 20:18:10 GMT
Posted To: MND NewsWireThere were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the period released this morning by the Mortgage Bankers Association. At a conference ca..[read more]
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MBS RECAP: Another Logical Day Of Record Highs
Wed, 16 May 2012 20:11:08 GMT
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary We characterized yesterday as "logical and well contained" with the benefit of some hindsight. While today's session wasn't "well contained," it was rather logical in that it went where..[read more]
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Mortgage Rates Steady At All-Time Lows Thanks To Europe And The Fed
Wed, 16 May 2012 19:21:00 GMT
Posted To: Mortgage Rate WatchMortgage Rates are steady to slightly improved today following as Europe's fiscal woes continue providing downward pressure on US interest rates. The forces at work keeping rates low were joined today by "minutes" from t..[read more]
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Concerns Grow Over Freddie/Fannie Price Dislocations
Wed, 16 May 2012 18:15:36 GMT
Posted To: Secondary MarketsOne of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie Mae and Freddie Mac. The FHFA itself now lists on..[read more]
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"Mega-Lenders" Lagging Smaller Ones in Processing Time
Wed, 16 May 2012 18:09:14 GMT
Posted To: MND NewsWireSmall and medium-sized lenders and community banks appear to be closing loans for refinancing faster than their "mega-lender" counterparts according to the Origination Insight Report for April released Wednesday by Ellie Mae. T..[read more]
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Stats Point to a Decent Housing Market; Nationstar and ResCap; Europe Continues to Move Rates
Wed, 16 May 2012 16:10:14 GMT
Posted To: Pipeline PressObama played golf with Joe Biden last weekend. They were kicked off the course because every time Obama yelled "Fore", Biden screamed - "More Years!" But the mortgage industry is more concerned with another Biden: Joe's son B..[read more]
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MBS MID-DAY: After Merkel-Speak Soothes, Draghi Speaks Sooth
Wed, 16 May 2012 15:30:08 GMT
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary The main market-mover this morning was a CNBC interview with Angela Merkel. In it, the German chancellor offered an increasingly supportive tone on Greece remaining in the Euro-zone, sayi..[read more]
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Single Family Construction Strengthens, Multi-family Falls Sharply
Wed, 16 May 2012 15:01:54 GMT
Posted To: MND NewsWirePermits for construction of multi-family housing plummeted in April, offsetting a small increase in single family permits and dropping the total down 7 percent from revised April figures. Permits for all privately owned residen..[read more]
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Ending Uncertainty is Prescription for Housing Recovery
Wed, 16 May 2012 13:56:35 GMT
Posted To: MND NewsWireFederal Reserve Governor Elizabeth A. Duke told attendees at a break-out session of the National Association of Realtors® (NAR) Midyear Legislative Meetings that she wished she had, as the session title suggested a " Prescr..[read more]
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Refinancing Applications Jump by Double Digits
Wed, 16 May 2012 13:51:54 GMT
Posted To: MND NewsWireRefinancing activity spiked during the week ended May 11, rising 13.0 percent from the previous week's level according to the Weekly Mortgage Applications Survey released this morning by the Mortgage Bankers Association (MBA). ..[read more]
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