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...
Tue, Feb 12 2013, 6:25 AM
"Rob, where's a good place to learn about the new FHA MIP structure, and the possible implication for Ginnie securities?" Good question, especially si...
Mon, Feb 11 2013, 11:04 AM
Home
prices in the fourth quarter of 2012 showed a rate of annual appreciation
greater than in any quarter since the end of 2005 the National Ass...
Fri, Feb 8 2013, 4:11 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the January edition of the Obama
...
Thu, Feb 7 2013, 12:44 PM
Today we have Part 2 of statistics and facts related to Black (African American) History Month. Just as I do for many other significant groups here in...
Thu, Feb 7 2013, 7:16 PM
Two U.S. Senators have reintroduced
legislation to help homeowners refinance into lower interest mortgages . The bill,
T he Responsible Homeowne...
Thu, Feb 7 2013, 1:30 PM
More than one-third of the houses purchased in
California in 2012 were all-cash sales , a record for such transactions. DataQuick said today that...
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...
Tue, Jan 29 2013, 10:43 AM
The S&P/Case Shiller Home Price Indices posted
another set of strong and broad-based annual increases in November 2012. Data released today shows ...
Mon, Jan 28 2013, 10:49 AM
Even though contract signings declined
in December it was the 20 th straight month where pending home sales increased
on an annual basis. The Na...
Fri, Jan 25 2013, 11:02 AM
Sales of new
homes fell in December, down 7.3 percent from November to a seasonally adjusted
annual rate of 369,000. This is 8.8
percent higher...
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...
Tue, Jan 22 2013, 11:28 AM
Existing homes sold
in December at a seasonally adjusted annual rate of 4.94 million homes according
to the National Association of Realtors®.
Th...
Tue, Jan 22 2013, 10:13 AM
"Why don't cannibals eat divorcees? They're bitter." The jumbo lending market in Florida sure is becoming less bitter for lenders.
And on the r...
Tue, Jan 22 2013, 3:22 PM
Mortgage rates were mixed, leaning toward slightly improved to begin the holiday-shortened week. Several lenders' rate sheets were slightly worse ...
Sat, Jan 19 2013, 1:30 PM
The vast majority of people always need money, and always wants loans - of varying rates and from various sources. So does prohibiting banks from doin...
Wed, Jan 16 2013, 11:07 AM
Following eight consecutive months of
increases the National Association of Home Builders (NAHB)/Wells Fargo Housing
Market Index (HMI) held ste...
Tue, Jan 15 2013, 4:47 PM
Freddie
Mac's monthly economic outlook commentary for January looks principally
at consumer attitudes which it says have remained "fairly resilient...
Mon, Jan 14 2013, 2:21 PM
Another city hard hit by the housing
crisis has proposed exercising its power of eminent domain on behalf of its
underwater homeowners. The City ...
Fri, Jan 11 2013, 4:36 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the December edition of the Obama
...
Wed, Jan 9 2013, 12:05 PM
Even though home prices have been
rising, the National Association of Realtors® (NAR) said today that 2012 appears primed to set a
record for h...
Mon, Jan 7 2013, 12:13 PM
The list of improving housing markets
posted by the National Association of Home Builders (NAHB) and First American
Title took a huge jump in Janu...
Fri, Jan 4 2013, 5:41 PM
One of the most
frequent concerns expressed in the survey was " unreasonably tight credit
conditions ", i.e. that some financial
institutions appea...
Thu, Jan 3 2013, 10:30 AM
Fixed rate 30-yr. mortgages at 2.6%! Yippee!!! Oh...wait a minute...the
New York Fed tells us why they aren't there yet.
CMG Financial is a mu...
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 ...
Fri, Dec 28 2012, 10:29 AM
The National Association of Realtors® (NAR) Pending Home Sales Index
reached the highest level seen in two and a half years in November after
po...
Fri, Dec 28 2012, 10:17 AM
"We're lost, but we're making good time." The CFPB does not seem to be
lost, and is certainly feeling its way along. From it we learned that between
...
Thu, Dec 27 2012, 10:57 AM
The Department of Housing and Urban
Development and the U.S. Census Bureau had more good news for housing this
morning. Sales of newly constructed...
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...
Fri, Dec 21 2012, 10:33 AM
The good news is that we've survived. The bad news is that we're still
seemingly reliant upon politicians in Washington. But for the moment, go back
...
Thu, Dec 20 2012, 10:53 AM
Existing home
sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.04
units compared to a rate of 4.76 units in October. ...
Thu, Dec 20 2012, 10:36 AM
Well, here is some interesting news for taxpayers, as if we don't have
enough: Fannie & Freddie may have lost $3 billion due to LIBOR fixing by
ba...
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...
Wed, Dec 19 2012, 2:15 PM
The authors of a study just released by the University of
North Carolina's Center for Community Capital suggest that the current condition
of the Fe...
Tue, Dec 18 2012, 12:17 PM
Builders of new single family homes
continue to grow more confident about the market for their product according to
the National Association of H...
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...
Fri, Dec 14 2012, 10:39 AM
Yesterday I journeyed to San Jose to visit with the Silicon Valley Chapter of
CAMP. Casey Fleming, the president, reminded the capacity crowd how imp...
Fri, Dec 7 2012, 3:29 PM
The November edition of the Obama
Administration's Housing Scorecard notes that home values are continuing to
rise and home sales remained strong du...
Thu, Dec 6 2012, 9:26 AM
"The shift toward earlier disposition of distressed
properties continued in the third quarter as both lenders and at-risk
homeowners are realizing...
Thu, Nov 29 2012, 10:44 AM
Pending home sales rose sharply in
October according to the Pending Home Sales Index (PHSI) released Thursday by
the National Association of Real...
Thu, Nov 29 2012, 10:19 AM
Better to be approximately right than precisely wrong. And a lot of
neighborhoods are trying new things in real estate - thanks to Tony B. for this.
...
Wed, Nov 28 2012, 11:09 AM
Sales of new homes dipped slightly in
October to a seasonally adjusted annual rate of 368,000 units according to
information released this morning ...
Wed, Nov 28 2012, 10:19 AM
In ancient days, when mortgage rates were different for various areas
around the country and people relied on carbon paper and Fannie gold book
am...
Mon, Nov 26 2012, 10:26 AM
Even if you had to have the borrower come back to resign a document, or
you had to eat a one day extension, or locked a loan under the wrong program,...
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...
Mon, Nov 19 2012, 12:29 PM
Existing
home sales increased 2.1 percent on a seasonally adjusted basis in October
according to data released today by the National Association of...
