Author Archive

3
Sep

MBS MID-DAY: For Bonds, The Zigzag is The Only Play in The Book

Posted To: MBS Commentary We're now far enough into the final pre-NFP day of the week to safely observe yet another instance of range-bound zigging and zagging . In other words, bond markets aren't really doing much apart from playing pinball between range boundaries. If we wanted to chart that, it would look something like [...]

3
Sep

FHA Webinar, DTC Workshop; Blackstone & Mortgage Insurance; Lots of FHA Developments

Posted To: Pipeline Press “Papa was a rolling stone. And all he left us was a loan, loan, loan…” Liberties with the Temptations lyrics aside, it has been 43 years ago this month that the song was released and became a soul classic. Hopefully investors don’t leave US Treasuries, and agency & non-agency mortgage-backed securities [...]

2
Sep

MBS MID-DAY: Consolidation in Full Effect as ADP Abstains

Posted To: MBS Commentary By coming in at 190k vs a median forecast of 201k, today's ADP Employment data essentially abstained from strong comment on Friday's NFP. Because of the strategic importance of Friday's NFP, today's ADP therefore abstains from strong comment on Fed rate hike prospects as well. The result is a market that [...]

2
Sep

Analyst’s Take on Stonegate; Lots of TRID Resources; Logos on Home Tool Kit?

Posted To: Pipeline Press Wells Fargo Funding’s clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement process . “On January 22 the Federal Bureau of Investigation issued a Public Service Announcement – Alert Number I-012215-PSA titled “Business Email Compromise” (BEC). The purpose of the [...]

2
Sep

Stocks crash to push more China cash into global real estate

Chinese stocks have been so wild lately that investors are pulling their money and looking for opportunities in global real estate markets.

1
Sep

You need to earn $157,912 to afford a home here

Here’s what you need to earn to afford a home in the 27 biggest metro areas in the country, according to HSH.com.

1
Sep

Homes sell the fastest in these markets

The pace of home sales is starting to slow in markets throughout the country, according to a new report from Trulia.

1
Sep

Airbnb: 1,000 companies sign up for business travel

Corporations have been clamoring to sign up for Airbnb’s new business travel service as they seek alternatives to traditional hotels.

1
Sep

Construction Spending Flat but still Posting YoY Improvement

Posted To: MND NewsWire Construction spending posted a slight increase in July rising 0.7 percent from the revised June estimate of $1,075.9 billion to a seasonally adjusted annual rate of $1,083.4 billion. The July number was 13.7 percent higher than the estimate in July 2014 of $952.5 billion. Residential spending was at a seasonally adjusted [...]

1
Sep

MBS MID-DAY: Range-Trade Continues With Help From Data

Posted To: MBS Commentary Bond markets started the overnight session in better shape , already bouncing back from yesterday's weak closing levels. Data in China and Japan helped the healing continue for bonds as global equities markets sank. The Nikkei was particularly hard hit, though S&P futures were considerably lower as well. In fact, in [...]