Posted To: MND NewsWireDespite mortgage rates that continue to hover near 2016 lows, mortgage application activity was essentially flat during the week ended May 6. Refinancing applications lost market share for the third consecutive week. The Mortgage Bankers Association (MBA) said its Market … [Read more...] about Flat Week for Mortgage Applications Despite Low Rates
Posted To: Pipeline PressThe other day I was reading about customer loyalty programs. My cat Myrtle was sitting nearby, and seemed to have a look on her face as if to ask, “How about we buck the trend and create a ‘customer disloyalty’ program?” Seriously, it is hard for a non-bank residential … [Read more...] about Ditech Layoffs, Stonegate Earnings; Documentation Requirements Continue to Change
Posted To: MND NewsWireCompleted foreclosures were up in March, with a substantial increase compared to February, but continued to fall on an annual basis. CoreLogic said that there were 36,000 foreclosures during the month, an increase of 9.3 percent from the 33,000 recorded during the previous … [Read more...] about Foreclosures Surged in March
SACRAMENTO, Calif. — A sixty 2 year old man of Poway, was arrested on Wednesday in San Diego. On Thursday, April 14, a federal grand jury returned a six-count superseding indictment against him that added a 42 year old co-defendant from Fairfield, to the indictment originally brought on March 3, … [Read more...] about Vallejo Business Owner Arrested for Alleged Foreclosure-Rescue Fraud Scheme
Posted To: MBS CommentaryThe past 2 sessions only look boring on the surface Beneath the surface, bonds have been coping with a huge glut of corporate issuance What does it all mean? If you're anything like me, you shut down mentally every time I reference something like corporate issuance. Either … [Read more...] about MBS Day Ahead: Bonds Fighting a Secret Battle
Posted To: Pipeline Press“Well, shakin' my moneymaker ain't ever made me a dime! And there ain't no sugar for you in this shaker of mine!” So sing Maddie and Tae. Conversely, homebuilders are pretty good at making plenty of dimes (if they can find land and labor), but they aren’t immune to mounting … [Read more...] about Renovation and Jumbo News; Lender Stocks Getting Slaughtered – Where’s Your 401k?
Posted To: MND NewsWireThe net number of consumers who told Fannie Mae surveyors in April they think it is currently a good time to sell a house soared in April. However, its impact on Fannie Mae's Home Purchase Sentiment Index (HPSI) was muted by lower net responses to some other survey components. … [Read more...] about It’s Spring–Must Time to Sell Houses!
Posted To: MBS CommentaryLimited data and events this week to motivate strong momentum broader trend looking like a consolidation pattern first major break out of that pattern could be big Conventional wisdom held that the Fed's December hike would be merely the first phase in a gradual move toward … [Read more...] about MBS Week Ahead: Bigger Picture Trend Toward Consolidation
Posted To: Pipeline PressAt a car dealership: "The best way to get back on your feet - miss a car payment.” Some believe that the CFPB has shifted its spotlight, temporarily, onto pay day, auto lending, and deferred interest credit card payments. But that doesn’t mean residential lending won’t see … [Read more...] about Lending Club CEO resigns; Upcoming Events/Training; USDA Rural Developments; Mortgage Credit Less Available
Posted To: MND NewsWireIs flipping back in vogue? CoreLogic, in a two-part article published in its blog says activity is up, but so far we are seeing nothing like the level of activity in 2005 . Flipping is defined as an investor purchasing a home, renovating and repairing it, and selling it at a … [Read more...] about Don’t Call it a Comeback: Flipping is Modest by Bubble Standards