Tue, Feb 2 2016, 10:55 AM
Once again a report on home price changes indicates that appreciation
has not yet slowed . CoreLogic issued a
report on its Home Price Index for D...
Tue, Feb 2 2016, 9:14 AM
Where
does the penalty money that the CFPB collects go? And is it correctly
disbursed? The Office of the Inspector General (OIG) has some thought...
Tue, Feb 2 2016, 7:34 AM
When things have been unexpectedly as good as they have been for as long as they have been, one of the side-effects can be increased anxiety about the...
Tue, Feb 2 2016, 5:42 PM
Surprise! It's another mega-rally day. Depending on your yardstick, this is the 5th or 6th mega rally so far this year. Considering there have on...
Tue, Feb 2 2016, 4:35 PM
Mortgage rates only paused for a brief moment of reflection yesterday before continuing with 2016's trend of improvement. Today's gains bring them ...
Mon, Feb 1 2016, 12:26 PM
Black Knight Financial Services took close-up looks at both
home affordability and the recent surge in cash-out refinancing in its new Mortgage ...
Mon, Feb 1 2016, 12:13 PM
Construction spending scrambled back into positive territory
by a tiny bit in December, gaining 0.1 percent from November's level to an
estimated ...
Mon, Feb 1 2016, 8:34 AM
February
already? Ah, Valentine's Day - remember as a kid when your classmates
would hand out a 5 word card to every classmate and you received 20...
Mon, Feb 1 2016, 7:33 AM
The weeks that contain the first Friday of any given month have a flavor all their own. Several of the month's most important pieces of economic da...
Mon, Feb 1 2016, 5:41 PM
In a way, today was the best sort of losing day for bond markets. If you factor out last Friday, today was the best trading day for bond markets in...
Mon, Feb 1 2016, 4:33 PM
Mortgage rates were in line with the best levels in 8 months as of last Friday. Although they moved slightly higher to begin the new week, today ...
Fri, Jan 29 2016, 11:00 AM
Since
its Friday let's veer away from mortgages for a quick moment. With the
recent rash of celebrity and music deaths, including the Jefferson
...
Fri, Jan 29 2016, 7:33 AM
You can't step 2 feet out your front door in 2016 without being pelted by news regarding the close correlation between stocks, bonds and oil. Heck, I...
Fri, Jan 29 2016, 5:11 PM
For the end of any given day, bond markets closed at their best levels since April. If we look at only month-end closing levels, today was the best ...
Fri, Jan 29 2016, 4:39 PM
Mortgage rates were at 3 month lows yesterday and today have moved in line with 8-month lows. For most lenders, there was a day or 2 in October tha...
Fri, Jan 29 2016, 2:59 PM
Are the big companies who have purchased large number of
single-family homes over the last few years looking for a quick profit or are
they in the...
Thu, Jan 28 2016, 10:39 AM
And we have a trifecta!
All three of the home sales indicators for December have now come in
positive, although the latest, pending sales, did so l...
Thu, Jan 28 2016, 10:27 AM
Zillow
is predicting that the rental market will cool down this year. Median
U.S. rents grew at a 3.3 percent annual pace in December, to $1,381...
Thu, Jan 28 2016, 8:26 AM
If we take the awesome part of 2016 for granted and simply focus on our most timely challenges, we find bond markets struggling to make any further im...
Thu, Jan 28 2016, 5:41 PM
Stocks gained a bit of ground today. Oil prices were significantly higher--building on a strong 3-day bounce. But on both accounts, bond markets d...
Thu, Jan 28 2016, 4:42 PM
Mortgage rates moved down modestly today, but it was enough to bring them to the lowest levels seen in exactly 3 months. There were only a few days...
Thu, Jan 28 2016, 2:00 PM
There was a slight uptick in the market
share of distressed home sales in November.
Sales of lender-owned houses (REO) and short sales accounted fo...
Wed, Jan 27 2016, 10:41 AM
New home sales more or less blew away the experts in
December, coming in at a seasonally adjusted annual rate of 544,000 units. The Census Bureau ...
Wed, Jan 27 2016, 9:31 AM
There
are traveler trailers and motor homes but have you heard of a Home RV?
EscapeHomes owner Dan Dobrowoski has created a tiny home, the Travele...
Wed, Jan 27 2016, 9:09 AM
Refinancing continued to buoy up mortgage application volume during the
week ended January 22 as interest rates fell back to levels last seen in th...
Wed, Jan 27 2016, 7:33 AM
Today brings one of those Fed policy announcements where we can already be reasonably sure of the outcome, but where the subtleties could still prov...
Wed, Jan 27 2016, 6:10 PM
Today's Fed announcement was decidedly more downbeat than the previous iteration and markets reacted accordingly. There was never any real chance t...
Wed, Jan 27 2016, 5:30 PM
Mortgage rates pulled off a come-from-behind victory following today's Fed Announcement. This time around, the Fed wasn't at all likely to make a...
Wed, Jan 27 2016, 2:05 PM
(NOTE: removals are struck-through and additions are underlined)
Information received since the Federal Open Market Committee met in October Dece...
Tue, Jan 26 2016, 10:34 AM
No matter how much it is predicted, home
price gains are still failing to decelerate.
All three of the S&P/Case-Shiller indices were slightly highe...
Tue, Jan 26 2016, 10:18 AM
What does Florida have that the rest of us don't? The highest percentage of cash buyers according to Zillow's latest research.
There are plenty ...
Tue, Jan 26 2016, 8:17 AM
Last week ended with bond markets looking like they were at risk of bigger, longer-term bounce back toward higher rates. The catalyst was/is the "ris...
Tue, Jan 26 2016, 5:22 PM
Bond markets held their ground today, which is quite the accomplishment considering stocks rallied. Rates and stocks have been strongly correlated...
Tue, Jan 26 2016, 5:21 PM
Mortgage rates did something they haven't done all year today. They actually improved in the face of a stock rally. In fact, it was the third be...
Tue, Jan 26 2016, 4:20 PM
California has long been acknowledged as the trend-setting
state. Let's hope that isn't the case
for home prices. On the same day that
both S&P...
Mon, Jan 25 2016, 10:58 AM
Rumors are swirling that AIG has decided to pursue a partial spin-off of its mortgage insurance business,
United Guaranty (UG). Stay tuned for t...
Mon, Jan 25 2016, 7:33 AM
This week has the potential to begin fairly slowly. Market participation will undoubtedly be affected on some level by the massive snow storm that h...
Mon, Jan 25 2016, 5:41 PM
If you don't live in the Northeast and if you don't read/watch the news, there was a big snow storm. In New York City, for instance, it was the 2nd ...
Mon, Jan 25 2016, 4:33 PM
Mortgage rates moved slightly lower today, recovering some of Friday's losses. Those losses introduced the risk that 2016's dominant trend towa...
Fri, Jan 22 2016, 11:29 AM
The
FHA's insurance fund is out of the headlines , having moved above the
mandated 2% level. (Yes, for the first time since 2008!) Everyone agree...
Fri, Jan 22 2016, 11:23 AM
It is hard to sort out the closings scheduled for December
from those delayed into the month from November by problems with the new
Truth-in-Lending...
Fri, Jan 22 2016, 7:32 AM
Enquiring minds want to know... In fact, even inquiring minds are fairly curious as to whether or not the pleasantly surprising bond market rally wil...
Fri, Jan 22 2016, 6:27 PM
It was a year of significant improvement in the distressed
home arena. According to Black Knight
Financial Services there was a 22 percent decreas...
Fri, Jan 22 2016, 6:24 PM
Bond markets continued to do the exact same thing they've been doing all year: follow stocks/oil. Today was the first day of the year that stocks h...
Fri, Jan 22 2016, 6:02 PM
Mortgage rates moved higher at their quickest pace of 2016 today. Rates have been faithfully following the slide in equities prices, albeit at a ge...
Thu, Jan 21 2016, 10:59 AM
In the midst of the Know Before You Owe or TRID rule implementation which she says " devoured the industry's bandwidth ," Faith Schwartz, Corelogic's ...
Thu, Jan 21 2016, 10:57 AM
After it jumped up by three full days
in November the average time to close a first mortgage loan stabilized in
December at 49 days. The November ...
Thu, Jan 21 2016, 10:48 AM
New home sales, according to an unofficial estimate from the Mortgage Bankers Association (MBA) declined by 5 percent
in December compared to the p...
Thu, Jan 21 2016, 10:27 AM
Underwriters will want to know that IBISWorld has identified the top ten sectors with expected rapid growth price in 2016 .
Legal services are expe...
Thu, Jan 21 2016, 7:32 AM
Historically, any time we see the biggest bouts of selling in equities markets, a conversation about "safe-haven" assets is usually not far behind. ...
