Mon, Oct 24 2011, 11:30 AM
(Sorry so late this AM, busy morning oversight!)
Key Events This Week:
Monday:
9:00 - Richard Fisher , president of the Dallas Federal R...
Mon, Oct 24 2011, 11:18 AM
A
song that studies the demographics of the East Coast? "I want to
find myself relaxin' with the other Anglo Saxons." http://biggee...
Fri, Oct 21 2011, 11:18 AM
Tomorrow
is college football day. For you college football fans out there: http://www.robchrisman.com/references/a_and_m_letter.pdf .
And yes, ...
Thu, Oct 20 2011, 4:10 PM
The seasonal decline in home prices that always proceeds the holidays
and continues through the cold winter months has already begun, appearing
ea...
Thu, Oct 20 2011, 1:15 PM
Existing home sales including single-family
houses, townhouses, condos, and co-ops posted a decline in September according
to data released today b...
Mon, Oct 17 2011, 10:43 AM
For bank closures on Friday, and I am simplifying
things, in NC the depositors of Blue Ridge Savings Bank were warmly embraced by
Bank of North Ca...
Wed, Oct 12 2011, 4:18 PM
The chief economist of the Mortgage Bankers
Association (MBA) told association members Tuesday that they are in for yet
another tough year. Jay B...
Thu, Sep 29 2011, 10:51 AM
With two
business days left in this month, and companies scrambling to fund either high
balance loans or Streamline loans where rates have dropped e...
Thu, Sep 29 2011, 2:10 PM
The August Pending Home Sales Index issued by the National
Association of Realtors slipped
slightly from July's numbers, portending a few more ...
Tue, Sep 27 2011, 11:05 AM
Some
things you just can't make up. Arch West died last week of natural causes at
the age of 97, and when he is buried this weekend, Arch West will ...
Tue, Sep 27 2011, 3:39 PM
Freddie Mac's September 2011 Economic Outlook is focused on the recent Federal Reserve Bank announcement of its Maturity
Extension Program (aka Ope...
Mon, Sep 26 2011, 11:48 AM
Sales of new single-family homes continue to drag along the bottom of their all-time range. In the most recent estimate released jointly by the Censu...
Mon, Sep 26 2011, 10:27 AM
Have you
ever heard of the Federal Financial Institutions Examination Council? I must
admit that I hadn't, until it released its latest report which...
Thu, Sep 22 2011, 10:32 AM
Sometimes
things aren't always what they seem. For example, http://www.wimp.com/sweetride/ .
One would
hope that a major US bank is what it seem...
Wed, Sep 21 2011, 2:22 PM
Despite what they referred to as " headwinds ,"
the National Association of Realtors (NAR)® reported on Wednesday that sales of
existing homes wer...
Mon, Sep 19 2011, 12:50 PM
Home sales may be stagnant but,
according to data released on Monday by Buildfax, homeowners are increasingly
upgrading the homes they already ha...
Mon, Sep 19 2011, 12:39 PM
The Housing Market Index (HMI) release
today by the National Association of Home Builders (NAHB)/Wells Fargo remained
virtually unchanged for the ...
Mon, Sep 19 2011, 11:46 AM
Welcome to
Talk Like a Pirate Day. Of course, 3.14159...% of sailors are Pi Rates.
Yesterday through next Sunday is "National Singles Week", sta...
Wed, Sep 14 2011, 3:46 PM
Last month the Federal Housing Finance Agency (FHFA) asked
for input on a plan it is considering to augment the Real Estate-Owned (REO) disposition...
Tue, Aug 30 2011, 10:44 AM
Realtors
and mortgage professionals know that divorce
can often lead to the formation of a new household. According to the Census
Bureau, the nat...
Mon, Aug 29 2011, 11:01 AM
After posting two strong consecutive months, pending home sales fell in July
according to information released Monday by the National Association o...
Mon, Aug 29 2011, 10:32 AM
An IT
person is someone who understands this joke: "The definition of 'Installation
routine': A process employed by many applications to overwrite a...
Wed, Aug 24 2011, 10:09 AM
Fannie,
Freddie, and the US Government aren't the only entities struggling with debt. The
U.S. Post Office is expected to hit its $15 billion borro...
Wed, Aug 24 2011, 1:16 PM
The Federal Housing Finance Agency ( FHFA )
has released its seasonally adjusted purchase-only house price index (HPI) for
the second quarter of 2...
Tue, Aug 23 2011, 12:16 PM
The sales of new single-family houses fell slightly in July
to a seasonally adjusted annual rate of 298,000. The U.S. Census Bureau and the Depa...
Tue, Aug 23 2011, 10:39 AM
Who is
Deven Sharma? He is the latest person to quit his job. Ordinarily this wouldn't
be a big deal, but he was the president of Standard & Poor...
Mon, Aug 22 2011, 12:43 PM
The third quarter is shaping up to
be the best in 2011 from the standpoint of mortgage originations according to
the Mortgage Bankers Association (M...
Mon, Aug 22 2011, 10:20 AM
No wonder
companies are hiring. The Mortgage Bankers Association raised its forecast
for loan production this year to $1.1 trillion in residential ...
Fri, Aug 19 2011, 10:18 AM
Every
month we hear about existing home sales , with the usual quote from
someone at the NAR. (This time around, Lawrence Yun, NAR chief economist,...
Thu, Aug 18 2011, 12:17 PM
The National Association of Realtors ®
reported today that existing-home sales in July were down from the previous
month but were significantly h...
Thu, Aug 18 2011, 9:32 AM
Does it
seem more crowded around here than ten years ago? Maybe not in Detroit, or in Kansas, but around the world, the
population is expected to h...
Tue, Aug 16 2011, 11:06 AM
Builder confidence in the housing market
remained unchanged in August according to the National Association of Home
Builders (NAHB)/Wells Fargo Hous...
Tue, Aug 16 2011, 2:03 PM
Housing starts in July fell from June
figures but still came in well ahead of predictions. According to information released by the U.S.
Census Bu...
Thu, Aug 11 2011, 11:23 AM
Last
night my wife met me at the front door. She was wearing a sexy negligee. The
only trouble was, she was coming home.
The correct perspective ...
Thu, Jul 28 2011, 11:36 AM
Heard on
the NPR radio show "Wait, Wait, Don't Tell Me" from Michael Feldman:
"If the US defaults on their debt and our rating is downgraded and the...
Thu, Jul 28 2011, 8:28 AM
Markets having seemingly stabilized again following a disastrous day in equities on Wednesday. Political noise in Washington remains the dominant them...
Thu, Jul 28 2011, 2:44 PM
Pending real estate sales had
another strong showing in June according to the Pending Home Sales Index (PHSI)
released today by the National Associa...
Wed, Jul 27 2011, 10:03 AM
A loan
agent sent me a joke yesterday: "What's the difference between the US
government and a subprime borrower? None - they borrow money that they ...
Tue, Jul 26 2011, 12:04 PM
The Census Bureau and Department of Housing and Urban Development have
released New
Residential Sales data for June 2011.
New Residential S...
Tue, Jul 26 2011, 2:31 PM
Home prices in much of the nation
increased in May according to the S&P/Case
Shiller Home Prices Indices (HPI) released on Tuesday. May was the...
Mon, Jul 25 2011, 11:48 AM
When
somebody begins a sentence with "It would be nice if..." the right
thing to do is to wait politely for the speaker to finish. No project ever g...
Mon, Jul 25 2011, 2:21 PM
Fannie Mae's Economic and Mortgage Market Analysis for
July describes second quarter economic data received so far as "discouraging," and
forec...
Thu, Jul 21 2011, 11:44 AM
"If
you make a general statement, a Secondary Marketing Manager says, 'Yes, but ...'
while a loan officer says, 'Yes, and ...'"
Sometimes I w...
Wed, Jul 20 2011, 3:21 PM
An increase in contract cancellations
caused a decline in the sales of existing homes in June. Still, according to the National
Association of Real...
Mon, Jul 18 2011, 9:26 AM
"Texting
is like intellectually roaming free in a cul-de-sac." Feel free to quote
Ralph Nader on that one.
Five-time
Jeopardy winner Rich Cordr...
Mon, Jul 18 2011, 2:21 PM
Two press releases that came out on
Monday may point to a new direction for the residential construction market and
perhaps for housing policy.
H...
Fri, Jul 15 2011, 9:04 AM
Everyone
knows why squirrels swim on their backs. (It's Friday, I couldn't figure out
how to tie that joke in with in with any mortgage related news...
Thu, Jul 14 2011, 10:31 AM
RealtyTrack has reported a generally downward trend
in foreclosure filings since last fall, but the monthly variations tended to
mask the magnitude ...
Mon, Jul 11 2011, 11:09 AM
Remember when loan
processors were as fast as the workers in clip #2? (The fish are fun to watch
as well.) HowDoesHeDoThat?
As I write this, ...
Wed, Jun 29 2011, 10:05 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage
Applications Survey* for the week ending June 24, 2011.
After seeing a m...
