Author Archive
May
MBS MID-DAY: Relatively Uneventful Despite Slight Weakness
Posted To: MBS Commentary MBS Live : MBS Morning Market Summary As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS are down 6/32nds. Reason being: everything has been well contained, and what little weakness we’ve seen has occurred in a rather orderly fashion and without major volume spikes. [...]
May
Distressed Property Deals Still Booming Nationwide
Investors who are interested in acquiring distressed properties are confident that there is an adequate supply of inventory available to choose from throughout the country, according to a survey by Information Management Network.
May
Realtors Show Clout, ‘Protecting The American Dream’ in DC Rally
Posted To: MND NewsWire Realtors® massed on the Washington Mall on Thursday to show their strength in a year in which their trade organization, The National Association of Realtors (NAR) seems anxious on several levels. An estimated 15,000 Realtors gathered at the foot of the Washington Monument to, in the words of NAR President Moe [...]
May
‘I have an airplane hangar in my front yard’
Like so many Americans across the nation, Julie Clark commutes to work. But she doesn’t drive, walk or even take a bus or train. Instead, she flies a plane.
May
Mortgage rates hit record low again
Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row.
May
NAHB, NAR Agree, Homes Never More Affordable
Posted To: MND NewsWire For the second time in a week a national housing trade organization has shown that purchasing a home is now within the reach of a record number of Americans. On Tuesday the National Association of Realtors® (NAR) published its affordability index indicating the purchasing power of American households had broken through [...]
May
MBS MID-DAY: More Gains On Philly Fed Miss
Posted To: MBS Commentary MBS Live : MBS Morning Market Summary The main market-mover of the morning was the release of the Philadelphia Fed Survey, the chief component of which fell from 8.5 last month to -5.8 today. This happens occasionally with regional manufacturing reports and particularly, we’re reminded of the August Philly Fed Index [...]
May
Home buying at most affordable level in decades
Buying a home has reached its most affordable level in more than two decades.
May
Stats Point to a Decent Housing Market; Nationstar and ResCap; Europe Continues to Move Rates
Posted To: Pipeline Press Obama played golf with Joe Biden last weekend. They were kicked off the course because every time Obama yelled “Fore”, Biden screamed – “More Years!” But the mortgage industry is more concerned with another Biden: Joe’s son Beau, who is Delaware’s Attorney General. Officials wonder why banks aren’t excited about residential [...]
May
Avoiding Foreclosure Process by Conducting Short Sales
Short sales outnumbered REO sales in 12 states in January, RealtyTrac said, indicating that lender-servicers have agreed to sell the home for less than what’s owed on the mortgage, therefore preventing a borrower from going through the foreclosure process which costs more than executing a short sale.