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"Homeowners are in Great Shape," Delinquencies Improve...

GSEs Continue Financial Winning Streaks

Fewer Plan to Buy, But Others Aren't Giving Up

Mortgage Bankers Estimate 29% Surge in New Home Sales

NAHB Takes a Detailed Look at First-Time and Trade-up Buyers

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Mortgage Rates in a Holding Pattern

MBS Day Ahead: Range Trade Likely to Dominate Heading Into Holiday...

Sales Jobs; Construction, Marketing Products; Impressive Agency...

MBS RECAP: Dormant Data Returns in a Big Way

Rates Are Better Today, But Not Back to 1-Year Lows

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Homeowners in Great Shape; Buyers Aren't Giving Up; GSEs Still Winning; Rates Still Holding

Published: 2/15/2019

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MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.

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Redfin Forced To Shut Down House Reviews While CBS and NAR Fight On

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by Mortgage News Daily on May 29 2007, 7:00 AM

There is some additional news and a bit of a sidebar to the story about the 60 Minutes feature on Redfin a week or so ago and the strong reaction of the National Association of Realtors to that story. The run-up can be read here ....
Existing Home Sales Were Down 2.6 Percent In April

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by Mortgage News Daily on May 25 2007, 7:00 AM

On Thursday the Census Bureau and the Department of Housing and Urban Development released figures for new home sales in April that showed a big increase in sales and a drop in both median and average home sale prices. Media coverage has speculated that...
Mortgage Rates Move Up On Inflation Worries

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by Mortgage News Daily on May 24 2007, 7:00 AM

According to Frank Nothaft , vice present and chief economist of Freddie Mac, "Mortgage rates inched up this week following the Federal Open Market Committee statement reiterating that the predominant concern remains the risk that inflation will fail...
New Home Sales Jump In April

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by Mortgage News Daily on May 24 2007, 7:00 AM

According to figures released on Thursday by the Department of Housing and Urban Development and the U.S. Census Bureau, new house sales in April showed the first improvement of the year, and a substantial one at that. The National Association of Realtors...
Virgin Acquires Majority Stake In Family-Centered Mortgage Company

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by Mortgage News Daily on May 23 2007, 7:00 AM

Never underestimate Sir Richard Branson . The mega-millionaire Brit has been an innovator from the beginning of his career and now it is hard to remember exactly when and where that started because his company, Virgin, is into so many industries and Sir...
Home Builder Confidence Is Down And Permitting Appears To Reflect It

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by Mortgage News Daily on May 22 2007, 7:00 AM

NAHB's chief economist David Seiders said, "The pattern of building permits clearly shows that the dramatic downward correction in housing production still is underway. Home buyer demand has been sent into another down leg by the abrupt tightening of...
Second Life Businesses Can Rake In Some Surprising Profits and Participants

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by Mortgage News Daily on May 16 2007, 7:00 AM

But a big part of the Second Life economy is virtual real estate and besides entrepreneurship many factors motivate residents to purchase property. People want privacy in their second life, they want a place to bring their friends or gather with people...
NAR Counterpunches After 60 Minute Segment on Discount Agents

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by Mortgage News Daily on May 16 2007, 7:00 AM

It didn't take the National Association of Realtors (NAR) long to come out swinging at CBS after the network aired a report on discount real estate brokers. The report, anchored by Leslie Stahl was aired on 60 Minutes last Sunday and can be seen in its...
Mortgage Rates Remain Relatively Stable, Again

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by Mortgage News Daily on May 16 2007, 7:00 AM

"Low employment growth in April - the slowest pace since November 2004 - and downward revisions to both February and March job growth tempered market concerns of future increases in the rate of inflation," said Frank Nothaft, Freddie Mac vice president...
Is Virtual Real Estate More Than An Oxymoron?

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by Mortgage News Daily on May 15 2007, 7:00 AM

How can something that is virtual be real? Over 6 million people apparently find no problem with the concept as they socialize, create, build, and become willing advertising test dummies in a not-quite make believe world called " Second Life ." We will...
One Persons Stigma Could Be Anothers Selling Point

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by Mortgage News Daily on May 11 2007, 7:00 AM

Every so often a house comes on the market that is said to be stigmatized . Most of the time the stigma is in the mind of one or two buyers, but sometimes it will be a serious issue for multiple buyers and can affect the marketing of the property....
Freddie Mac Housing Forecast Sees Slow Recovery

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by Mortgage News Daily on May 10 2007, 7:00 AM

With the growth of house price appreciation now stalled or even reversed, this has fueled fears that homeowners may face an inability to withdraw equity which could in turn undermine consumer spending. But, the data released on Tuesday shows that there...
Mortgage Rates and Applications Remain Relatively Flat

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by Mortgage News Daily on May 09 2007, 7:00 AM

The two mortgage rate surveys we follow each week showed few significant changes for the weeks ended May 3 (Freddie Mac) and May 4 (Mortgage Bankers Association) although the MBA data did show a substantial change in the 30-year fixed rate mortgage (FRM...
Home Equity Still Being Pulled Despite Soft Housing Market

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by Mortgage News Daily on May 08 2007, 7:00 AM

Declining home sales and prices have not succeeded in discouraging homeowners from pulling equity out of their homes according to Freddie Mac's quarterly refinance review for the first quarter of 2007. The corporation reported that 82 percent of Freddie...
NHMC and NAA Sue HUD over Language Requirements

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by Mortgage News Daily on May 07 2007, 7:00 AM

Two associations representing owners of multi-family properties have brought suit again the Department of Housing and Urban Development over new regulations that require them to provide written materials and services to tenants and potential tenants for...

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