That Company SEO Company PPC Management Advertising Agency Reputation Management Social Media Marketing
Building Industry and Mortgage Industry News Building Industry and Mortgage Industry News

Call Today! 877.467.6694
Improve Your Online Presence Now

Building Industry and Mortgage Industry News

 

Building Industry News  

 
Home Builder Section Articles
Home Builders
Home Builder General Info
Building Industry News
SEO for Builders
Home Builder Lead Generation

Mortgage Industry News 



 
  • MBS RECAP: A Resilient Month-End For Bond Markets, All Things Considered

    Posted To: MBS Commentary

    10yr yields are heading out the door at 2.335--a very significant level considering it had been the lowest closing yield of the year until October 8th. It's also right in line with a super-long-term inflection point for bond markets with roots as far back as 2010. Holding underneath it is a good thing, and provides a silver lining to today's otherwise slightly downbeat session. Today's drama started overnight when the Bank of Japan upped their annual QE allotment to 80 Trillion yen (from 50 previously). More complete coverage of the effects can be found HERE . Very little changed from the time of that mid-day update. Trading levels weakened a bit, but never seriously violated the supportive zone in the mid 2.35's in 10yr yields. The worst of the weakness was over by 11:30am...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Mortgage Rates Slightly Higher After Big News From Japan

    Posted To: Mortgage Rate Watch

    Mortgage rates drifted inconsequentially higher to end the month, remaining well-within the recent range, albeit closer to the higher end. The most prevalently-quoted conforming 30yr fixed rate remained 4.0%, with 4.125% not too far behind. On average, rates were just slightly better than Wednesday's, though a few lenders were at their highest levels in weeks. Today's big consideration for financial markets was surprise news that the Bank of Japan voted to increase its quantitative easing (QE) program to 80 trillion Yen per year (just over $720 billion). Relative to the size of Japan's economy, this is at least twice as aggressive as QE in the US, and consequently made for a big market impact. Because Japan's QE program includes stocks, that was the scene of the greatest volatility, but stock...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Baby Boomer Attitudes on Housing Might Surprise You

    Posted To: MND NewsWire

    A survey of attitudes toward housing released on Thursday by The Demand Institute indicates that the Baby Boom generation still has no intention of aging gracefully . In fact, when it comes to housing it appears few intend to yield at all to their advancing years. The Institute, a nonprofit run by the Conference Board and the Nielson ratings people, surveyed 4,000 households last year in which residents qualified as members of that huge post-war generation born between 1944 and 1963 about their future housing plans. The survey found that as a group Baby Boomers had a median net worth of $200,000 in 2007 and were on their way to accumulate nearly $370,000 by 2013. Instead the recession sent many off the rails and at the time of the survey that median net worth was down to a median of $143,000...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • MBS MID-DAY: Unexpected Weakness After Japan Tape-Bomb, but Some Redeeming Qualities

    Posted To: MBS Commentary

    This will largely be a reprint of an update that appeared on MBS Live this morning. Reason being: that update covered the impact of big, surprising news from the Bank of Japan overnight, and it has been the only salient market mover for bond markets. As for the movement, it's not good, but neither is it without its redeeming qualities. Bonds are decidedly weaker (not good). But 10yr yields are holding under or around key technical ceilings and MBS are outperforming somewhat heroically (redeeming). And now for the big, long explanation on the overnight news: Big, Long Explanation on Japan and Thoughts About What it Means Reuters could tell you way more about what happened in Japan overnight, but the gist is that the Bank of Japan (BOJ) unexpectedly ramped up their already aggressive stimulus...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Lender Still on the Hook Despite CFPB Consent Order

    Posted To: MND NewsWire

    A recent motion filed by a mortgage company to dismiss portions of a class action suit against it shows, according to an attorney familiar with the matter, that a consent order settling charges brought by the Consumer Financial Protection Agency (CFPB) " does not necessarily bring finality to the issues it covers." At least not in the absence of releases from affected consumers. Barbara S. Mishkin, writing in the Ballard & Spahr CFPB Monitor says that earlier this week Castle & Cooke Mortgage, LLC filed a motion to dismiss three counts in a class action complaint filed against it in federal court last July. The named plaintiff, a consumer, had received redress under a consent order from CFPB against Castle & Cooke finalized in November 2013. The order had settled charges that the...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • CFPB's Servicing Report; MI & VA Loans; Freddie & Manufactured Housing; Will the Election Really Matter?

    Posted To: Pipeline Press

    Gaps of all kinds are widening out, and they are impacting business. In a story about " New Homes' Problem: Price " the gap between the more expensive median price of newly built homes and that of resales has exceeded $70,000 for most of the economic recovery, the widest spread since the Commerce Department and the National Association of Realtors started tracking the figures in 1968. Let's not forget that Tuesday is an election . While a Republican Congress may make more noise about reforming/dismantling Fannie/Freddie, this is more of an economic issue than a political one. "Housing" is a bipartisan issue and neither party wants to disrupt it - given that the GSEs are playing such an enormous role at present there won't be much appetite to rush through legislation passing the companies fully...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • MBS Day Ahead: Month-End and Improving Technical Possibilities

    Posted To: MBS Commentary

    No single method of market analysis is always better than another, which is why it's always better to consider as many as possible and look for agreements. In other words, if t echnical analysis and fundamentals are both saying the same thing, the conclusion is stronger. Pretty simple. That's essentially what's going on today, though the technical reading is not quite ready yet. Ideally, we'd like to see a positive day today in order to confirm a turn in the technicals. In simpler terms, that means that if bond markets improve today, it increases the odds that we can scratch out a few more improvements in the following days. Yesterday did us the favor of confirming that economic data is not on our radar. GDP and Jobless Claims were both solid and there was zero bond market reaction...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • MBS RECAP: Super Flat Day... Not at all What You'd Expect

    Posted To: MBS Commentary

    If the official end of QE is to be an inspirational moment for bond markets in the bigger picture, you wouldn't know it based on how trading has gone since then. A case is rapidly building for the news being fully priced in ahead of time and actual whipsaw effect happening a few weeks earlier. Whatever the case, inspiration was lacking and continues its absence today. MBS were able to hold super steady today at slightly stronger levels. But here too, the improvement was fairly uninspired , and may even have more to do with the fact that rates had simply spent so many days in a row moving higher after October 15th's big drop. That can happen sometimes. One thing's for sure though: the traditional motivations were irrelevant today. Rates are typically pressured higher by stronger...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Mortgage Rates Recover Slightly; Holding Near 4 Percent

    Posted To: Mortgage Rate Watch

    Mortgage rates pulled back to hold near 4 percent after rising to the highest levels in 3 weeks. After yesterday's Fed announcement, the most common rate quotes were at risk of edging up to 4.125% for top tier borrowers. While some lenders are still in that range today, the improvement keeps the balance tipped decisively toward 4.0% . In other words, both rates are out there today, but 4.0% is more prevalent. In general, rates are nearly back in line with Tuesday's. Whether rates had simply had enough of their recent move higher or whether they're just more in tune with weakness in the European economy, today's stronger GDP report didn't have any impact. Typically, stronger data would push rates higher. That said, the resilience was nominal at best, keeping us in a limbo between 2014's previous...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Affordability Has Nothing to do with Home Prices or Rates -RealtyTrac

    Posted To: MND NewsWire

    "A real estate market that should be flying high is instead a real estate market that is faltering ," according to Brian Mushaney, Executive Vice President, Data Solutions, for RealtyTrac. Writing in the current issue of RealtyTrac's Housing News Report he points to a market which he says should be a buyer's paradise in many ways, with property values well below historic affordability levels, banks with tons of cash to loan, interest rates near their all-time lows, and foreclosures abating. "So why," he asks, writing, "have home sales stalled in recent months? It is an issue of affordability he says, but not the way we usually think about it. The 30 percent of income as a measure of the maximum to be spent on housing doesn't work today because markets vary enormously. The better approach is...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

 

Site MapLong Tail KeywordsWeb DesignOnline Reputation ManagementSearch Engine Optimization

8500 US Hwy 441
Leesburg, Florida 34788
1-877-467-6694

 


 
Website Design Credit Cards
 

All contents are copyright of Buildtelligence Web Solutions LLC 2007-2008

Website Optimization Firm Leesburg FL | Chicago, IL | New York, NY | Los Angeles, CA | Denver, CO | Dallas, TX | Portland OR
Buildtelligence is an SEO Company specializing in SEO and SEO Services as well as a world leader in PPC Advertising and PPC Management.

Google, Google AdWords, and Google Maps are trademarks of Google, Inc and are registered in the US and other countries.