Wed, Jun 6 2012, 3:19 PM
The May
edition of the Obama administration's Housing Scorecard released today by the
U.S. Departments of Housing and Urban Development
(HUD) an...
Thu, May 31 2012, 8:47 AM
Sales of distressed properties once again accounted for more than a quarter of all home sales during the first quarter of 2012. Twenty-six percent ...
Wed, May 30 2012, 10:18 AM
Pending home sales fell in April, breaking a three month streak of gains according to the National Association of Realtors® (NAR). The Association's...
Tue, May 29 2012, 11:50 AM
Three measures of home prices issued monthly by S&P/Cash-Shiller declined yet again in March. The data released today showed that the national co...
Tue, May 29 2012, 10:01 AM
Fannie and
Freddie aren't the only companies involved in residential mortgage lending to
be seized by the government. Here's a taste of the situati...
Thu, May 24 2012, 12:55 PM
The Mortgage Bankers Association ( MBA ) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipa...
Wed, May 23 2012, 12:01 PM
Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000 , according to estimates released jointly toda...
Wed, May 23 2012, 10:40 AM
Here is an
interesting note for debt market students: Germany is scheduled today to sell
two-year bonds that won't make set
interest payments . Th...
Tue, May 22 2012, 11:31 AM
The housing recovery is underway according to the National Association of Realtors® (NAR) which released numbers on Tuesday to back up that claim. ...
Tue, May 22 2012, 9:35 AM
Pick an
overwhelming percentage, like 80 or 90%. Remember when residential loan
production wasn't "that" percent agency? Non-agency loans are still ...
Mon, May 21 2012, 11:11 AM
Some
people are looking to fill their time - apparently they have too much on their
hands .
On the
other hand, some companies are looking to fi...
Fri, May 11 2012, 10:29 AM
Home prices as reflected in the Lender Processing Services Home Price Index ( LPS HPI ) "increased nationally for the first time since March 2010 and ...
Wed, May 9 2012, 11:36 AM
I saw a classified ad recently where a person had a vintage French military rifle for sale. The description said "Mint condition, never fired; only d...
Wed, May 9 2012, 4:16 PM
Home sales in the first quarter of 2012 were the highest seen in any first quarter since 2007 according to data released today by the National Asso...
Fri, May 4 2012, 6:02 PM
The Administration's Housing Scorecard for April claims progress on both home sales and mortgage delinquencies "but continued fragility overall." D...
Mon, Apr 30 2012, 12:49 PM
The RPX Monthly Housing Market Report says that both home sales and home prices increased strongly in the month ended February 16. The RPX Composite ...
Thu, Apr 26 2012, 10:15 AM
Pending home sales rose in March to 101.4 on the National Association of Realtors® (NAR) Pending Home Sales Index released this morning. This is a 4...
Thu, Apr 26 2012, 9:54 AM
I received
this note from a mortgage bank owner in Louisiana: "Hey Rob, get a load of
this! We had an investor come back to us, asking that we prov...
Tue, Apr 24 2012, 12:48 PM
New home sales fell sharply in March, dropping to a seasonally adjusted annual rate of 328,000, down 7.1 percent from the February's numbers. Howe...
Tue, Apr 24 2012, 12:16 PM
Two major home price indices released this morning indicate that, while home prices are improving the changes are slow and relative . The Federal Ho...
Tue, Apr 24 2012, 10:40 AM
From the
New York Times Science sections comes, "While baboons can't read, they can
tell the difference between real English words and nonsensical o...
Mon, Apr 23 2012, 10:15 AM
In this business,
you can never have too much Dodd Frank, can you? The House Financial Services
Committee has unveiled the Dodd-Frank
Burden Trac...
Fri, Apr 20 2012, 10:32 AM
Do you
live in a small town? Many in the real estate and mortgage business do live in
rural communities (FNC, for example, with the slogan "Know You...
Thu, Apr 19 2012, 11:39 AM
Existing home sales decreased in March to a seasonally adjusted annual rate of 4.48 million units, 2.6 percent below the February pace which was adju...
Thu, Apr 19 2012, 10:33 AM
The United
States is an amazing place - everyone is different! But here's an interesting
chart someone sent me on state's teen pregnancy rates, and ...
Thu, Apr 19 2012, 1:55 PM
After two years of bouncing around a bottom, remodeling activity is expected to pick up later this year, according to the Leading Indicator of Remo...
Mon, Apr 16 2012, 10:58 AM
Home builders shifted direction this month reversing the growing optimism they had been exhibiting since last fall. The National Association of Hom...
Mon, Apr 16 2012, 10:31 AM
This note
from Investor's Business Daily reminds me why day-trading stocks never works for
me - even if you had the better-than-expected news ahead ...
Fri, Apr 6 2012, 4:43 PM
The Departments of Housing and Urban Development (HUD) and Treasury released the February edition of the Obama Administration's Housing Scorecard on...
Wed, Apr 4 2012, 12:02 PM
Prices are still falling, but the pace of the decline continues to slow according to the February Home Price Index (HPI) report released today by Co...
Thu, Mar 29 2012, 11:04 AM
Sales of investment homes surged by what the National Association of Realtors® (NAR) called " an extraordinary 64.5 percen t" in 2011, soaring from 74...
Mon, Mar 26 2012, 11:18 AM
While homebuyers are pursuing short
sales with less enthusiasm because of the lengthy and unpredictable process,
investors are finding them a new...
Mon, Mar 26 2012, 11:16 AM
Pending home sales reported by the
National Association of Realtors® declined by one-half of one percent in
February but are well above the level r...
Mon, Mar 26 2012, 10:36 AM
For those
playing along at home, the U.S. Treasury Department continues to wind down 2008's
TARP, the Troubled Asset Relief Program. More than 80%...
Fri, Mar 23 2012, 11:03 AM
New home sales in February were down 1.6 percent from sales
in January according to the U.S. Census Bureau and the Department of Housing
and Urban ...
Fri, Mar 23 2012, 9:42 AM
Bank of America launched the "Mortgage to
Lease" program to fewer than 1,000 BofA customers selected by the bank in
test markets in Arizona, Neva...
Thu, Mar 22 2012, 4:05 PM
The rate of decline in housing prices has slowed recently according
to the RPX Composite Index released today by RadarLogic, but the bottom for
pr...
Wed, Mar 21 2012, 12:43 PM
A report released this morning by
CoreLogic shows that the shadow inventory , composed of homes that are either in
bank owned real estate (REO), in...
Wed, Mar 21 2012, 11:28 AM
Sales of
existing homes fell 0.9 percent in February to a seasonally adjusted annual
rate of 4.59 million homes according to data released this mor...
Wed, Mar 21 2012, 8:16 AM
It was an average overnight session in terms of volume an volatility, ultimately resulting in 10yr yields hitting 2.3828 around 6am before cascading d...
Mon, Mar 19 2012, 10:27 AM
In this
environment, not only are many mortgage lenders making good returns, but the
Treasury is as well. The Treasury Department may announce today...
Thu, Mar 8 2012, 2:05 PM
CoreLogic's March edition of The Market Pulse , produced in a magazine
format, has two articles that caught our attention. The first, "Keep on Tr...
Wed, Mar 7 2012, 2:50 PM
Two companies released home price data
on Wednesday. CoreLogic released its
Home Price Index (HPI) for the month of January while Lender Process...
Fri, Mar 2 2012, 5:23 PM
The February edition of the Housing
Scorecard was released by the Departments of Treasury and Housing and Urban
Development (HUD) on Friday. In w...
Tue, Feb 28 2012, 12:02 PM
Please
excuse any grammar errors this morning - I am still recovering after fainting
during my visit to the gas station last night - $4.20/gallon fo...
Mon, Feb 27 2012, 12:23 PM
A survey of real estate agents conducted
by Campbell/Inside Mortgage Finance indicates that current homeowners are
increasingly shopping for their n...
Mon, Feb 27 2012, 10:37 AM
Pending
home sales in January reached a level last seen at the height of the homebuyer
tax credit bubble nearly two years ago according to informati...
Mon, Feb 27 2012, 9:07 AM
When
asked, most people would not want to know the exact date of their death. But an
idea of how an insurance company gauges and calculates your lif...
Fri, Feb 24 2012, 11:55 AM
New home sales in January were at a seasonally adjusted
annual rate of 321,000, a decrease of 0.9 percent from the upwardly revised December
rate o...
Fri, Feb 24 2012, 9:58 AM
"First
wash all the cars, then wax."
"Why do I have to..."
"Remember deal. No questions."
"Yeah, but..."
"Wax on right hand. Wax off left han...
