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Real Estate News |
MBS RECAP: 2/3/2012
Fri, 03 Feb 2012 21:21:54 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-24 : -0-10 FNMA 4.0 105-17 : -0-09 FNMA 4.5 106-26 : -0-04 FNMA 5.0 108-01 : -0-02 GNMA 3.5 105-02 : -0-11 GNMA 4.0 107-24 : -0-07 GNMA 4.5 109-03 : -0-05 GNMA 5.0 110..[read more]
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MERS, Banks Sued by New York State; MERSCORP Responds
Fri, 03 Feb 2012 20:44:00 GMT
Posted To: MND NewsWireThree major banks and Virginia-based MERSCORP, Inc. and its subsidiary Mortgage Electronic Registrations Systems ( MERS ) were sued Friday by the state of New York. The suit, filed by the state's Attorney General Eric T. Schnei..[read more]
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Mortgage Rates Higher Following Employment Report
Fri, 03 Feb 2012 20:01:00 GMT
Posted To: Mortgage Rate WatchThe monthly Employment Situation Report was released at 8:30am this morning, with much better-than-expected results. Stocks rallied sharply and most every interest rate in fixed-income markets moved higher. The economic ..[read more]
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Geithner Outlines Accomplishments, Future of Financial Reform
Fri, 03 Feb 2012 19:45:40 GMT
Posted To: MND NewsWireTreasury Secretary Timothy Geithner told the Financial Stability Oversight Council that the financial system is getting stronger and safer and that much of the excess risk-taking and careless financial practices that caused so ..[read more]
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HOPE NOW Conference Focused on Military Families, Mediation
Fri, 03 Feb 2012 19:40:13 GMT
Posted To: MND NewsWireHOPE NOW, the voluntary private sector alliance of mortgage industry stakeholders, recently concluded a two day conference in Washington which focused on assistance to military homeowners and foreclosure mediation. One group of..[read more]
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MBS Down, But Not Out Following Strong Jobs Report
Fri, 03 Feb 2012 19:09:00 GMT
Posted To: MBS CommentaryThere is plenty of play-by-play on the post-NFP sell-off in the MBS Recap . If you haven't seen those updates already, that's a good place to start, and in terms of where MBS are and what they're doing, there's not much more ..[read more]
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MBS MID-DAY: Mostly Sideways After NFP-Inspired Losses
Fri, 03 Feb 2012 16:21:00 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-23 : -0-11 FNMA 4.0 105-20 : -0-06 FNMA 4.5 106-26 : -0-04 FNMA 5.0 108-01 : -0-01 GNMA 3.5 105-03 : -0-10 GNMA 4.0 107-25 : -0-06 GNMA 4.5 109-05 : -0-03 GNMA 5.0 1..[read more]
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PHH Restructuring; MBA Classes; Servicing Comp Change Bearing Away; Harsher Fraud Penalties Coming?
Fri, 03 Feb 2012 15:34:55 GMT
Posted To: Pipeline PressThe e-mail wires here in Miami have been burning up with...e-mails. PHH clients received a note from Norm Fitzgerald , explaining the recent restructuring. "I am writing to let you know we recently decided to reallocate resou..[read more]
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Calculating Current Coupon in a Record Low Rate Environment
Fri, 03 Feb 2012 14:18:47 GMT
Posted To: Secondary MarketsThe recent drop in rates has created some interesting situations in the market, especially for lenders. First of all, I'm not aware of any consensus on how to calculate a "current coupon" rate in this environme..[read more]
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Day Ahead: All Eyes On Employment Situation Report
Fri, 03 Feb 2012 13:00:00 GMT
Posted To: MBS CommentaryFirst Friday of the month and time, once again, for The Employment Situation Report, or more specifically, the Non-Farm Payrolls headline. Both Manufacturing and Private payrolls are expected to have fallen somewhat from last..[read more]
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Reports Continue to Show Home Price Declines
Thu, 02 Feb 2012 22:22:07 GMT
Posted To: MND NewsWireCoreLogic and Lender Processing Services (LPS) have each released their most recent Home Price Indices . CoreLogic's HPI covers December; LPS's covers the month of November. Here is a quick review of each. LPS found that the av..[read more]
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MBS RECAP: 2/2/2012
Thu, 02 Feb 2012 21:22:59 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 104-03 : +0-05 FNMA 4.0 105-25 : +0-02 FNMA 4.5 106-29 : +0-00 FNMA 5.0 108-01 : +0-00 GNMA 3.5 105-14 : +0-05 GNMA 4.0 107-31 : +0-03 GNMA 4.5 109-07 : +0-01 GNMA 5.0 110..[read more]
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Homeowners Continue Shift Away from Cash-Out Refinancing
Thu, 02 Feb 2012 21:14:20 GMT
Posted To: MND NewsWireHomeowners who refinanced their homes during the fourth quarter of 2011 either refinanced for about the same amount or actually brought cash to the table according Freddie Mac. Fewer than 15 percent of those who refinanced duri..[read more]
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Mortgage Rates Maintain Record Lows Ahead of Friday's Jobs Report
Thu, 02 Feb 2012 19:59:00 GMT
Posted To: Mortgage Rate WatchFor the second day in a row, Mortgages Rates are just slightly better than unchanged. Best-Execution remains at 3.875% for conventional 30yr fixed loans, and the slight improvements seen today have benefited the borrowin..[read more]
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MBS Rallying At All-Time Highs, Time To Look At FNMA 3.0 Coupons?
Thu, 02 Feb 2012 17:50:00 GMT
Posted To: MBS CommentaryWe've posed this question almost a month ago ( read more... ) and the answer is fairly similar this time around. That said, MBS prices are higher and more time has passed with the broader rates market trading in a reasonably ..[read more]
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MBS MID-DAY: 2/2/2012
Thu, 02 Feb 2012 16:22:55 GMT
Posted To: MBS CommentaryMBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 104-03 : +0-05 FNMA 4.0 105-26 : +0-03 FNMA 4.5 106-29 : -0-01 FNMA 5.0 108-01 : -0-01 GNMA 3.5 105-14 : +0-04 GNMA 4.0 107-32 : +0-04 GNMA 4.5 109-07 : +0-01 GNMA 5.0 1..[read more]
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Housing Assistance 2012: Another Herculean Task for the FHA
Thu, 02 Feb 2012 15:19:21 GMT
Posted To: Voice of HousingBeginning the 37th month of his presidency, the Obama Administration today announced a laundry list of new programs to help struggling homeowners, crack down on abusive lending practices, make mortgage documents easier to r..[read more]
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Citi Exits Broker Biz; Fed Addresses Sticky Second Mortgage Situation
Thu, 02 Feb 2012 14:18:52 GMT
Posted To: Pipeline PressYesterday, as I was standing in line at Franklin's BBQ in Austin, Texas, my head began to spin. Not because of the great smell, or from wondering why all these people weren't working at 11AM instead of standing in line, but f..[read more]
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SEC Names Ex-Credit Suisse Employees in Subprime Fraud Scheme
Thu, 02 Feb 2012 14:01:45 GMT
Posted To: MND NewsWireFour former investment bankers and traders from the Credit Suisse Group were charged by the Securities and Exchange Commission (SEC) Wednesday violating multiple sections of the Securities Exchange Act of 1934 while trading in ..[read more]
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The Day Ahead: Markets Ready To Discount Data As NFP Looms
Thu, 02 Feb 2012 13:06:00 GMT
Posted To: MBS CommentaryDomestic economic data is in slightly shorter supply on Thursday after two more robust days. But what it lacks in sheer number of reports, it makes up for in other ways, such as scheduled Fed buying in Treasuries as well as 3..[read more]
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MBS RECAP: 2/1/2012
Wed, 01 Feb 2012 21:22:45 GMT
Posted To: MBS CommentaryMBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-30 : +0-02 FNMA 4.0 105-23 : +0-01 FNMA 4.5 106-29 : +0-02 FNMA 5.0 108-01 : +0-02 GNMA 3.5 105-08 : +0-01 GNMA 4.0 107-27 : +0-01 GNMA 4.5 109-06 : +0-00 GNMA 5.0 110..[read more]
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White House Details Housing Plans
Wed, 01 Feb 2012 21:22:30 GMT
Posted To: MND NewsWireSaying that the housing crisis struck right at the heart of what it means to be middle class, President Barack Obama has begun to flesh out the housing-related proposals he made in his State of the Union speech last Tuesday. He..[read more]
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Solemn Remembrance of Those Lost Aboard Shuttle Columbia
Wed, 01 Feb 2012 21:15:02 GMT
Posted To: Voice of HousingLike countless persons across the world, I watched in quiet disbelief as thousands of pieces of debris streaked across the vast Texas sky the morning of February 1, 2003. Unlike what had transpired in 1986 during the launch..[read more]
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The State of the Mortgage Industry According to MBA
Wed, 01 Feb 2012 20:53:22 GMT
Posted To: MND NewsWireThe Mortgage Bankers Association ( MBA ) provided its annual assessment of The State of the Mortgage Industry in a press conference Wednesday afternoon. Michael Young, MBA Chairman said that the states that have been hardest hi..[read more]
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Oregon Joins Servicer Settlement
Wed, 01 Feb 2012 19:17:37 GMT
Posted To: MND NewsWireThe Attorney General of Oregon announced today that he will join in the so-called 50-state Attorneys General settlement with five major financial institutions that operate the large servicing organizations. The settlement arose..[read more]
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