Thu, Aug 27 2015, 9:52 AM
What's the difference between apathy and ignorance? I don't know and I don't care.
The odds are pretty good that practically every residential lende...
Wed, Aug 26 2015, 3:03 PM
Wildfires
in the west have already burned more than 7 million acres . (To put
things in context, the entire state of California has about 101 mil...
Wed, Aug 26 2015, 2:48 PM
The topline news while accurate is also growing monotonous : housing market continues to improve. Freddie Mac added another chapter to the seemingl...
Tue, Aug 25 2015, 11:25 AM
While the disappointing new home sales reported last month for
June were revised even lower today July sales redeemed at least some of the
loss. Th...
Tue, Aug 25 2015, 11:15 AM
Two
major indicators of home price trends released today showed continued
appreciation although larger gains were reported by the S&P/Case-Shiller
...
Tue, Aug 25 2015, 2:52 PM
There is nothing like some bond market volatility to drive up hedge costs and push down secondary marketing results, right?
Capital markets depart...
Mon, Aug 24 2015, 11:02 AM
"In
the physical sciences, knowledge is cumulative. In the financial
markets, it is cyclical." I was reminded of this by Brent Nyitray, CFA
and ...
Mon, Aug 24 2015, 3:41 PM
Fannie
Mae's economic team said on Monday that the economic outlook for the second
half of 2015 is less upbeat than anticipated.
Second quarter ...
Fri, Aug 21 2015, 9:37 AM
What does the CFPB think of residential lenders? One indication might be the videos of borrower horror stories
posted on its website. I, for one, ...
Thu, Aug 20 2015, 11:00 AM
While first-time buyers fell back,
existing home sales scored their third consecutive monthly gain in July. The National Association of Realtors® (N...
Wed, Aug 19 2015, 9:10 AM
Yesterday
the commentary noted how jumbo lending was alive and well, at least for
depository banks. Zillow recently analyzed what areas would be m...
Tue, Aug 18 2015, 10:53 AM
The level of cash sales remains high in
several states, mostly those also still experiencing a high level of
foreclosures . CoreLogic said on Tues...
Mon, Aug 17 2015, 11:57 AM
Builder confidence remained stable this month. The National Association of Home Builders
(NAHB)/Wells Fargo Housing Market Index (HMI) added a point...
Mon, Aug 17 2015, 9:58 AM
Thank you to Mark Baker with Cardinal Financial sent over a story about dear people who live in fancy tiny houses . An appraiser's nightmare or a Mil...
Thu, Aug 13 2015, 10:04 AM
Applications for the purchase of newly constructed homes fell
off slightly in July, a decline that the Mortgage Bankers Association (MBA)
said was i...
Thu, Aug 13 2015, 10:01 AM
"Texas alone accounts for 15% of all new single family homes built in the United States." I find this factoid interesting on a number of levels, an...
Tue, Aug 11 2015, 11:25 AM
Is it really easier to get a mortgage these days? Well... After mortgage backers Fannie Mae and Freddie Mac clarified their credit qualifica...
Tue, Aug 11 2015, 3:40 PM
There was an uptick in national existing home sales in the
second quarter of 2015 of 6.6 percent the National Association of Realtors® (NAR) said on ...
Mon, Aug 10 2015, 4:33 PM
The drought and raging wildfires appear not to be dampening the enthusiasm of people who wish to live in
California. CoreLogic reports that the
s...
Fri, Aug 7 2015, 11:32 AM
Yesterday
I attended the California Association of Mortgage Professionals
conference in Southern California, and was talking to a buddy who works ...
Thu, Aug 6 2015, 11:28 AM
Sales of lender-owned real estate (REO) in May represented
the smallest share of home sales in nine years.
CoreLogic said that the overall share ...
Wed, Aug 5 2015, 12:43 PM
Redfin, a multi-state real estate firm based in Seattle, says
it is seeing "signs of an enduring slowdown" in the housing market. This isn't neces...
Thu, Jul 30 2015, 10:09 AM
Fun with government numbers: approximately
52.2 million people in the U.S. participated in major means-tested
government assistance programs eac...
Wed, Jul 29 2015, 11:11 AM
I
ain't one that puts much creed into book learnin'. But somes, I'm
guessin', do. The Mortgage Bankers Association will be offering a Path to Div...
Wed, Jul 29 2015, 10:13 AM
Pending home sales dipped slightly in
June, ending five straight months of increases.
The National Association of Realtors® (NAR) said today that...
Tue, Jul 28 2015, 10:29 AM
Federal
agencies have issued the final standards in regards to Section 342 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 201...
Mon, Jul 27 2015, 9:59 AM
The
MBA's "Chart of the Week" earlier this month noted that the ARM share
of mortgage applications had increased to 7 percent. This is the highest...
Mon, Jul 27 2015, 1:10 PM
Another report shows home price values in May close to, if
not exceeding, those prior to the housing crisis. The latest, from Black Knight Financial...
Mon, Jul 27 2015, 1:03 PM
While home sales are sailing, recently closing in on numbers last seen
before the Great Recession, CoreLogic Senior Economist Frank Nothaft, points
...
Fri, Jul 24 2015, 11:28 AM
Underwriting
is teamwork, and teamwork is the fuel that allows common people to
achieve uncommon results, provided they don't mind you calling the...
Fri, Jul 24 2015, 10:56 AM
The report this morning on June new home sales blunted much
of the optimism generated by yesterday's news about existing home sales. The Census Bure...
Thu, Jul 23 2015, 9:38 AM
Mortgage Bankers Association (MBA) economists joined in the
recent surge of housing optimism Wednesday, increasing their projections for mortgage
o...
Thu, Jul 23 2015, 9:36 AM
It is different this time.
At least that's the contention of the writers of this month's Economic
and Housing Outlook regarding new low downpayment...
Thu, Jul 23 2015, 9:30 AM
Amidst
rumors of PIMCO buying a large retail residential lender (don't ask me,
I'm always the last to hear), residential business is really pickin...
Thu, Jul 23 2015, 3:20 PM
Despite
improved consumer spending and stronger residential and non-residential
investments Fannie Mae's Economic and Strategic Research team are ho...
Wed, Jul 22 2015, 11:19 AM
There was unabashedly good news from the National
Association of Realtors®
(NAR) this morning. Not only were
existing home sales in June at the ...
Wed, Jul 22 2015, 10:11 AM
As expected, the CFPB issued a final rule announcing the delay of the effective date for TRID from August 1, 2015 to October 3, 2015 .
"The CFPB be...
Wed, Jul 22 2015, 7:33 AM
After last month's Existing Home Sales tally came in at an annualized pace of 5.35mln, this month's result will be within striking distance of a 9 yea...
Mon, Jul 20 2015, 10:24 AM
I
am visiting Denver for much of this week, and heard this quote: "Our
company culture? It consists of talking about our company culture."
Kiddi...
Fri, Jul 17 2015, 10:13 AM
Boy
how things have changed. Life is so expensive now; maybe that's why the
living arrangement stats have changed so dramatically since 1967. In
...
Fri, Jul 17 2015, 2:52 PM
Home remodeling is expected to soon kick back into gear . LIRA, the Leading Indicator of Remodeling
Activity produced by the Joint Center for Housi...
Fri, Jul 17 2015, 2:43 PM
The importance of cash in home sale transactions
declined in April for the 28 th consecutive month. CoreLogic said on Thursday that all-cash home
...
Thu, Jul 16 2015, 9:54 AM
Applications for mortgages to purchase newly constructed
homes rose again in June and the Mortgage Bankers Association (MBA) said this
bodes well ...
Thu, Jul 16 2015, 9:53 AM
Earnest Hemingway was born in the comfortable Midwestern suburb of Oak Park, Illinois, a place he described as full of, "wide lawns and narrow minds."...
Thu, Jul 16 2015, 1:25 PM
Builder confidence may finally be back
to stay. After yo-yoing in and out of
the "good" range of 50 or more for years, the National Association of ...
Wed, Jul 15 2015, 10:16 AM
Yes, IT systems have sailed through things like Y2K (remember that?) and the leap second on June 30 th . But there are bigger challenges. The Federal ...
Fri, Jul 10 2015, 11:18 AM
While the share of home sales accounted
for by distressed properties continues to drift lower, only two states are
approaching what could be consi...
Tue, Jul 7 2015, 12:23 PM
Are you in debt? You're not alone - and check out this United States debt clock - enough to make your stomach turn over.
Back in February the Col...
Mon, Jul 6 2015, 5:05 PM
Despite years of low interest rates an estimated 6.1 million
homeowners could still both qualify for and benefit from a traditional
refinance accord...
Thu, Jul 2 2015, 11:41 AM
The National Association of Realtors® reported last week
that f irst time buyers had increased their share of existing home sales in May
by two per...
