Real Estate News
Harmony Of The Trends And The Whole Day Explained In One Chart
Posted To: MBS Commentary (A bit long, but another worthwhile closing post to read… with some not-often-phrased-in-such-a-way explanations. I enjoyed writing it … [Link]
Mortgage Rates Higher After Retail Sales Data. Floating into Monday
Posted To: Mortgage Rate Watch While benchmark Treasury yields moved slowly higher throughout the course of the week as our government auctioned debt to raise spending … [Link]
What Did Top Performing Mortgage Bankers Earn in 2009?
Posted To: The Garrett Watts Report Audited financials are starting to come in, and they’re confirming what we saw all year. Top performing mortgage bankers made … [Link]
MBS LUNCH: Mortgages Left Behind as Benchmarks Rally
Posted To: MBS Commentary It was an interesting morning in the rates world. Let's start with our fearless leader, the benchmark 10 year note. In below average … [Link]
Mortgage help: 170,000 get aid
More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program. [Link]
Fitch Ratings: Expiring Housing Incentives Likely to Increase Loan Losses this Year
Posted To: MND NewsWire Fitch Ratings is warning that the expiring homebuyer tax credits, the end of the Fed's MBS Purchase Program , and the growing maturity of various … [Link]
USDA Rural Housing Funds to Run Dry by April. Lenders Already Dropping the Program
Posted To: MND NewsWire USDA Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, … [Link]
Freddie Mac Announces Cut Off Date for Interest Only Loan Apps
Posted To: MND NewsWire As reported on February 26 , Freddie Mac has decided to stop purchasing and securitizating loans utilizing the interest only payment option. Freddie's … [Link]
Fed MBS Program Update: 98.1% of Funding Used. Looming Exit Yet to Hurt Rates
Posted To: MND NewsWire The Federal Reserve reported on their weekly purchases of agency mortgage-backed securities (MBS). In the week ending March 10, 2010, the Federal Reserve … [Link]
Loan Officers Who Sell Real Estate; Wells Expands Market Making in Mortgage-Backeds; FDIC Acts on a Thursday; Freddie Mac Bulletin
Posted To: Pipeline Press Don't forget to "Spring Ahead" this Sunday morning. We lose an hour of sleep. The FDIC made a rare Thursday … [Link]
Retail Sales Improve Across the Board. Rates Move Higher
Posted To: MBS Commentary Retail Sales data has hit screens. It was much better than expected. Rates no likely. February, Retail Sales rose 0.3% vs. an expected … [Link]
The Day Ahead: Euro Data Pushes Stocks up Ahead of Retail Sales
Posted To: MND NewsWire Equities are higher and the dollar is weaker following positive data from Europe and ahead of key retail sales numbers at home. More than two hours before … [Link]
MBS OPEN: Rates at Crossroads. What Range Will Prevail?
Posted To: MBS Commentary Good Morning. Once again, rate futures prices moved modestly lower in the overnight session…albeit in below average volume (again). … [Link]
The three-figure kitchen makeover
Living with an undersize, outdated kitchen? If so, a sledgehammer may feel like the only solution. But these days you're probably not up for spending the $50,000 or more — maybe much more — it would cost to demolish the space and build a new state-of-the-art room from scratch. [Link]
Mortgage Rates Escape Three Treasury Auctions Unharmed
Posted To: Mortgage Rate Watch After two dataless days and no movement in mortgage rates, action picked up yesterday. Mortgage rates opened the day lower, however, … [Link]
Foreclosure Filings Drop. Prevention Policies Distorting Supply and Demand
Posted To: MND NewsWire Today RealtyTrac® released its February U.S. Foreclosure Market Report. The RealtyTrac report shows that foreclosure filings, which include default … [Link]
MBS CLOSE: On The Brink Of Something Epic?
Posted To: MBS Commentary MBS end 1 tick down at 100-29 10yr Note Yield at 3.725 S&P up 5 points, all gains late in the day 30yr Auction pressures rates early … [Link]
MBS AFTERNOON: Volatility Fades As Bonds Cling To The Edge
Posted To: MBS Commentary The Edge: Both MBS 4.5's and 10yr notes are UNCHANGED at the moment For MBS, that's 100-30 and for the 10yr, that's just … [Link]
FHA Commissioner: Raising the Down Payment Requirement Would Hurt Housing Recovery
Posted To: MND NewsWire Increasing the minimum down payment required for a Federal Housing Administration (FHA) loan from 3.5 percent to 5 percent could be a double whammy, … [Link]
MBS LUNCH: 30 Year Bond Auction Results and Reactions
Posted To: MBS Commentary The previously discussed auction concession must have been sufficient because the long bond auction went very well. Overall, auction … [Link]