Wed, Apr 17 2013, 5:29 PM
Freddie Mac's economists advise readers of its April Economic
and Housing Outlook to look at employment growth over the past few months
rather t...
Tue, Apr 16 2013, 11:25 AM
Given current rates , and thus the rates at which millions of people are refinancing, the home lending industry has become keenly interested in wh...
Tue, Apr 16 2013, 10:32 AM
Building permits were issued in March at a seasonally
adjusted rate that was 3.9 percent lower than in February but 17.3 percent
higher than one y...
Tue, Apr 16 2013, 1:46 PM
Mortgage rates moved higher today, breaking a three day trend of improvements that had rates approaching their 2013 lows. The will to push back ag...
Mon, Apr 15 2013, 4:59 PM
Senior management at lenders everywhere were keenly interested in the results from Wells Fargo and Chase for the 1 st quarter, given that they are ...
Mon, Apr 1 2013, 11:43 AM
There continues to be a debate about whether or not 30-yr mortgages/liens are a good idea or not .
The MBA's president - Dave Stevens - weighed in ...
Thu, Mar 28 2013, 1:14 PM
The
monthly housing commentary published by Fannie Mae's economists noted some
downsides to the market in early 2013.
Housing starts tumbled in ...
Wed, Mar 27 2013, 10:15 AM
Demand is now pushing at the edges of the supply of available homes according to the National Association of Realtors® (NAR). Limited buyer choices...
Tue, Mar 26 2013, 10:39 AM
Average home prices increased in all 20 of
the cities tracked by the S&P/Case-Shiller Home Price Indices over the 12
months ended in January. Each...
Tue, Mar 19 2013, 12:21 PM
With all the potential change going on with Freddie & Fannie, some states may be taking things into their own hands - or trying to. For example, in Te...
Tue, Mar 19 2013, 10:04 AM
Housing permits were issued in February at
a seasonally adjusted annual rate of 946,000, an increase of 4.6 percent from
January and 33.8 percent h...
Tue, Mar 19 2013, 7:26 AM
Heading into a week expected to be more focused on Wednesday's FOMC Announcement, press conference, and updated forecasts, we instead got treated to t...
Thu, Feb 28 2013, 3:27 PM
James McAndrews, Executive Vice
President and Director of Research at the Federal Reserve Bank of New York told
a Household Debt and Credit Press ...
Wed, Feb 27 2013, 10:39 AM
Pending home sales rose on both a
monthly and an annual basis in January.
The National Association of Realtors® (NAR) which compiled the data said...
Thu, Feb 21 2013, 11:09 AM
Fannie Mae's economists said on Thursday that, despite the feeble note on which 2012 ended, the economy has the building blocks, including housing, f...
Wed, Feb 20 2013, 11:41 AM
The Department of Housing and Urban
Development (HUD) and the Census Bureau said this morning that permits for
residential construction were issue...
Tue, Feb 19 2013, 10:37 AM
Yesterday the commentary had some statistics on Florida lagging in price appreciation, which many attribute to the " judicial versus non-judicial " fo...
Thu, Feb 14 2013, 4:30 PM
Even with the
unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of
2012, Freddie Mac's chief economist Frank
E. Notha...
Wed, Feb 6 2013, 12:00 PM
"The fact that all 50 states now
have at least one metro on the improving list shows that the housing recovery
has substantial momentum and contin...
Wed, Jan 30 2013, 10:28 AM
Super Bowl XLVII, between the Baltimore Ravens and the San Francisco 49ers, will be played Feb. 3 at the Superdome, which will be the 10th time the Su...
Thu, Jan 24 2013, 12:31 PM
The Joint Center for Housing Studies at Harvard University released this week a major report on the home remodeling industry . The U.S. Housing St...
Thu, Jan 24 2013, 11:28 AM
The economists
at Fannie Mae released their first economic forecast of 2013 and introduced their
theme for the New Year, " Transition to Normal ...
Wed, Jan 23 2013, 10:02 AM
Three economists
told attendees at the International Builders Show that the housing market
should continue to improve on an accelerating basis in 2...
Fri, Jan 18 2013, 9:55 AM
Here's your reminder for the weekend. Go out and buy some "Forever Stamps" during lunch or tomorrow (assuming your local post office is still open Sat...
Thu, Jan 17 2013, 12:16 PM
Permits for construction of privately owned housing units increased
slightly in December while housing starts had a stronger showing according to
d...
Thu, Jan 17 2013, 10:08 AM
"How many houses for so little money? And what kind of article mentions 'Long Island, mink farmers, and Blackstone' in the first few lines?" He rubbed...
Thu, Jan 17 2013, 4:00 PM
Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January. Although rates didn...
Mon, Jan 14 2013, 10:24 AM
Here's a story from Ohio that LO's in other states will find of interest: " Ohio Creates Temporary Loan Originator License." Last month, Ohio enact...
Mon, Jan 14 2013, 7:21 AM
With backs against the wall on Friday, and very much at risk of triggering a negative technical signal, bond markets battled back for their 2nd best c...
Wed, Jan 2 2013, 11:17 AM
On this Wednesday that seems like a Monday, politicians in Washington celebrated after kind of averting a completely unnecessary crisis that was ent...
Mon, Dec 31 2012, 10:48 AM
As our nation prepares to begin the new year, the U.S. Census Bureau
today projected that on Jan. 1, 2013, the total United States population
will ...
Thu, Dec 27 2012, 9:57 AM
Okay, so here's something entirely un-mortgage related - productivity
this week stinks anyway. The kids are back from college, or on vacation from
s...
Wed, Dec 19 2012, 11:04 AM
Permits for privately owned residential construction
increased by 3.6 percent on a seasonally adjusted basis in November compared to
October. Acco...
Wed, Dec 19 2012, 4:13 PM
On to something a little less fun. Uh oh. I can't weigh in on the
validity of this comment, but it comes from a reliable wholesale rep and if
true i...
Tue, Dec 18 2012, 11:39 AM
Low mortgage rates will continue to aid the housing and mortgage
markets in the New Year as the Federal Reserve continues to purchase $40
billion...
Mon, Dec 17 2012, 9:28 AM
Say what you want about Trulia, it just issued the results of a survey that has
Realtors and LO's cheering: 93% of renters between the ages of 18 a...
Thu, Dec 6 2012, 1:21 PM
The number of housing markets designated
as improving by the National Association of Home Builders (NAHB) took a huge
jump in December, increasin...
Tue, Dec 4 2012, 11:38 AM
As many lenders think back on record-breaking Novembers, and I head to
Pennsylvania for the rest of the week, here is a quick bit of trivia. James
P...
Mon, Dec 3 2012, 11:22 AM
It seems that Congress is once again tempted to come back to the "mortgage
well" since the House passed HR 1629, the STEM Jobs Act of 2012. The bil...
Tue, Nov 20 2012, 11:43 AM
Well, if you can't fix your brakes,
make your horn louder . Odd logic is somewhat humorous. But as any LO or
servicer knows, just because you modi...
Tue, Nov 20 2012, 11:04 AM
Permits for new residential construction
were issued at a lower rate in October than in September according to the
monthly report issued on Tuesday...
Mon, Nov 19 2012, 10:41 AM
"Be good to your neighbor - they know where you live!" The Pilgrims did
not have many neighbors, but in the in the fall of 1621 they held a three-day...
Wed, Nov 14 2012, 5:06 PM
Freddie Mac's economists today used the analogy of a patient with a high fever to talk about the recent course of the housing market. In the Novembe...
Fri, Nov 2 2012, 9:01 AM
"Spring ahead, fall back!" Sunday morning, folks in most states
will receive an extra hour of snooze time!
What's the difference between a hurri...
Thu, Nov 1 2012, 9:17 AM
Hey, it's November 1st! Just think: any 60 day rate lock (pretty
common place these days) expires in 2013! All those LO's with hefty incomes
in 20...
Tue, Oct 30 2012, 12:11 PM
Thank you to Julie F. from NJ on the FEMA declarations and re-inspections
normally required on properties in a disaster area . (A 2070, or 2075, wit...
Tue, Oct 30 2012, 10:20 AM
There is
continued good news about home prices from the S&P/Case-Shiller Home Price
Indices today. Both the 10-City and the
20-City Composites...
Mon, Oct 29 2012, 10:33 AM
Although the credit markets are open until noon EST, and thus rates are
moving, the Fannie Trading Desk spread the word to clients, " Due to
Hurrica...
Thu, Oct 25 2012, 10:21 AM
Pending home sales were flat in
September, inching up 0.3 percent on the Pending Home Sales Index (PHSI)
maintained by the National Association of ...
Mon, Oct 22 2012, 10:29 AM
The U.S. Census Bureau tells us that in many of the largest cities of the
most-populous metro areas, downtown is becoming a place not only to work b...
