Tue, Apr 29 2014, 9:59 AM
Let's face it: lenders who ignore compliance are doomed in the
long run. Here's a recent quick note provided by the Mortgage Bankers
Association...
Mon, Apr 28 2014, 11:47 AM
MBS are coping with the double-edged sword that is stronger housing data this morning. On the one hand, the decisive reversal of an 8-month slide in ...
Mon, Apr 28 2014, 10:37 AM
Contracts for home purchases ended a dismal
nine-month downturn in March marked by the first improvement in the Pending
Home Sales Index (PSHSI) p...
Mon, Apr 28 2014, 10:04 AM
Another
trend that is winding down in the banking industry is the long period
of Fed Funds at or near 0%. Whether this happens in 2015 or 2016, ke...
Mon, Apr 28 2014, 2:45 PM
Mortgage rates
held almost perfectly steady today, with a handful of lenders offering
slightly lower costs while others were slightly higher. ...
Fri, Apr 25 2014, 10:41 AM
David Crowe, Chief Economist of the National
Association of Home Builders (NAHB) told members attending the Association's
2014 Spring Construction...
Thu, Apr 24 2014, 10:18 AM
It
is "bring your kid to work" day. Some kids are fascinated with how much
others make. They grow up to be underwriters . Others are fascinated
...
Wed, Apr 23 2014, 12:15 PM
New homes sales in March were down 14.5
percent from sales in February to a seasonally adjusted annual rate of 384,000.
The New Residential Sale...
Wed, Apr 23 2014, 12:07 PM
Even before this morning's economic data, bond markets were already in slightly stronger territory. The data itself only helped, though it's a doubl...
Wed, Apr 23 2014, 10:28 AM
The number of banks available to consumers is decreasing - but it
is not because of failures. In fact, there has not been a bank failure
in the ...
Wed, Apr 23 2014, 7:00 AM
The first two days back from the extended weekend have been surprisingly uneventful, and that's saying something considering they were already likely ...
Wed, Apr 23 2014, 3:14 PM
Mortgage rates
moved lower at a healthy pace today, more than erasing the past two
days of weakness, but leaving most of last Thursday's weakne...
Wed, Apr 23 2014, 1:26 PM
California appears to be gearing up for
a strong spring market according to pending home sales figures released today
by the California Association ...
Tue, Apr 22 2014, 11:31 AM
Sales of existing homes were
essentially unchanged in March compared to February the National Association of
Realtors® (NAR) said today. Home price...
Tue, Apr 22 2014, 10:17 AM
Here's a good question: can
a lender who emails disclosures to loan applicants via an e-delivery
system, still remain compliant under RESPA and TI...
Tue, Apr 22 2014, 1:57 PM
Recent postings on CoreLogic's Insights Blog have a couple of
different views of some of the housing numbers generally taken at face value by
...
Mon, Apr 21 2014, 9:36 AM
Home remodeling remains strong
throughout the country although it has begun to experience some of the
moderation that has been predicted since lat...
Mon, Apr 21 2014, 9:32 AM
The commentary on Saturday noted predictions for 2014, and how things were shaping up so far. Attorney Phil Stein observed, "Here is another issue to ...
Tue, Apr 15 2014, 11:45 AM
The National Association of Home
Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose to 47 this month,
indicating a slight improvement in th...
Tue, Apr 15 2014, 10:49 AM
The Mortgage Bankers Association (MBA)
estimated today that there was a 15 percent increase in applications for new
home purchases in March compar...
Mon, Apr 14 2014, 9:03 AM
The Fed's comments on housing last week were interesting. "Housing activity
remained slow over the intermeeting period. Although unfavorable weath...
Thu, Apr 10 2014, 10:25 AM
The recent spate of agency news has been interesting to follow.
Arguably F&F should not stay under government conservatorship, but
what are the ...
Wed, Apr 9 2014, 1:45 PM
Although the second home mortgage market
experienced a severe decline during the housing downturn, Americans still
aspire to buy second homes and ha...
Tue, Apr 8 2014, 10:17 AM
The Mortgage Bankers Association (MBA) noted this morning that mortgage
credit was slightly more available in March than it was in February. The Ass...
Mon, Apr 7 2014, 11:00 AM
The Obama Administration's February
Housing Scorecard, just released, harkens back to those not so thrilling days
of yesteryear, using data from sev...
Wed, Apr 2 2014, 10:55 AM
Vacation home purchases recovered
strongly in 2013, helping to offset some of the inevitable flagging interest in
investment purchases the Nationa...
Fri, Mar 28 2014, 9:13 AM
I
continue to receive questions about the CFPB's stance on kickbacks and
referrals . I usually tell the person to write to the CFPB directly, but...
Fri, Mar 28 2014, 2:34 PM
CoreLogic Chief Economist Mark
Fleming suggests that an examination of housing's one-percenters might be as valuable
an analysis as a glance at th...
Thu, Mar 27 2014, 10:43 AM
The National Association of Realtors®
(NAR) Pending Home Sales Index (PHSI) for February added more confirmation of a
slowing home housing market. ...
Thu, Mar 27 2014, 10:19 AM
Home
sales continue to cool , dipping to a seasonally adjusted annual rate of 5.08
million in February RealtyTrac said today.
This was a -0.2 per...
Thu, Mar 27 2014, 9:50 AM
Bank of America bought Countrywide and Merrill Lynch in 2008 and 2009 respectively. How is that investment paying off? Well, it just cost BofA anoth...
Thu, Mar 27 2014, 8:00 AM
Bond markets will get what is probably their busiest day of economic events today. Right out of the gate, two relatively important pieces of data w...
Wed, Mar 26 2014, 11:15 AM
Whenever
I riffle through my neighbor's trash cans looking for paystubs and
trying to figure out how much money they make, the motion light comes ...
Tue, Mar 25 2014, 10:56 AM
After rising by a revised 3.2 percent January, New Home Sales
fell 3.3 percent in February according to data released today by The
Census Bureau...
Mon, Mar 24 2014, 10:41 AM
Many folks attended the recently held IMN conference on residential mortgage servicing rights
(MSRs) in Manhattan. The primary focus of attendees ...
Mon, Mar 24 2014, 4:46 PM
Mortgage rates moved sideways to slightly lower
today, but only after a slew of mid-day reprices from lenders. Before
that, the morning rate...
Thu, Mar 20 2014, 11:56 AM
Existing Home Sales, which are completed transactions for
single-family homes, townhomes, condominiums and co-ops, continued
trending lower in Feb...
Thu, Mar 20 2014, 9:54 AM
It has been 5 years since Thornburg
Mortgage filed for Chapter 11. For folks not around then, Thornburg
Mortgage Inc. was an American corporatio...
Mon, Mar 17 2014, 12:14 PM
Builder
confidence as measured by the National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index (HMI) remained flat in March, ...
Mon, Mar 17 2014, 10:11 AM
Don't
forget to wear a little green today, and this was seen at a local bar:
"Special Today Only! Buy one beer for the price of two, and receive a...
Mon, Mar 17 2014, 4:30 PM
Mortgage rates moved moderately higher today,
erasing most of the improvement seen since Thursday afternoon. At that
time, global markets incl...
Mon, Mar 17 2014, 3:43 PM
Closed sales of existing single-family homes slipped
again in February, marking the seventh straight month of declining activity. The
California A...
Fri, Mar 14 2014, 11:34 AM
Who
doesn't love a good 'Top 10' list? If it wasn't for top ten lists, and
videos of cats dancing, the internet would be reserved for its intended...
Thu, Mar 13 2014, 12:51 PM
New home sales were up slightly in
February the Mortgage Bankers Association (MBA) said today, but the increase
was based on a substantially downgr...
Thu, Mar 13 2014, 10:04 AM
I
can't figure out if this is a story about the rebounding real estate
market , or about the gap between the "haves and the have-nots" widening -...
Wed, Mar 12 2014, 1:23 PM
In an article that appeared recently
in CoreLogic's blog, Popping the Housing
Bubbly Theory, CoreLogic's Chief Economist Dr. Mark Fleming presents...
Tue, Mar 11 2014, 1:21 PM
Relatively speaking, one might say that the distressed housing market in
California has virtually evaporated . The
California Association of Realt...
Tue, Mar 4 2014, 11:42 AM
Mortgage
originations in January were at the lowest level in 6 years 2008 Black Knight
Financial Services said today and data on prepayment speeds a...
Mon, Mar 3 2014, 9:16 AM
Zelman & Associates
invites readers to join them for an informative conference call to
discuss their outlook on the housing market and mortgage ...
Fri, Feb 28 2014, 10:02 AM
Pending
sales changed little from December to January the National Association of
Realtors® (NAR) said today. That is not
surprising as the bad w...
