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Mortgage News Daily Mon, 16 Jul 2018 16:19:37 GMT  

MBS Week Ahead: Another Week, Another Chance to Run Same Old Play

Posted To: MBS Commentary

This is the off-season for bonds, but they still have to show up for the game every day. The coaching staff (aka the traders turning the cogs of the underlying bond market) have been running the same play every day since June 27th . It's a play that's been working on both offense and defense, thus providing an easy button for the entire team (even if it's also a "boring button"). No one gets hurt, and no one has a ridiculously good time--typical off season. So what's the play in question? Simply put, bond market players have been tasked each day with playing harder and harder defense whenever yields rise toward 2.88. On offense, they only push hard enough to get yields to 2.825, as seen on the following chart with numerous bounces on the lower teal line. I included...(read more)

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Broker Products; Blockchain Transaction; Input on DACA Loans

Posted To: Pipeline Press

When Costco rolled out its mortgage option to members, many lenders were very concerned. But despite great potential, Costco/First Choice has not become the #1 lender in America. I heard something interesting last week: Costco doesn’t make much money selling products, it makes all profits from membership fees . Despite Bank of America’s great quarterly results this morning, lots of lenders aren’t making much money selling their products either, unfortunately, and the number of residential lenders who haven’t adjusted their headcount, compensation plans, or business models in reaction is dwindling . (The latest example is job cuts at State Farm .) If a branch or channel hasn’t been profitable for a while, ask what’s going to happen, if anything, to reverse...(read more)

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Permit to Completion - Builder Timeline Depends on Where and Why

Posted To: MND NewsWire

Despite complaints about labor, lot, and material shortages, builders needed no more time to build a home last year than they did in 2016. The time did increase compared to 2015 by about two weeks. Using data from the Census Bureau's Survey of Construction (SOC), the National Association of Home Builders (NAHB) concludes that the average time to build a single-family house was 7.5 months. The actual building time was about 6.5 months following a typical delay of around 30 days after the permit was authorized. Data from the 2015 survey showed the time from permit to completion at 7 months. The range however is wide, from less than a month to more than 6 years. Much depends on who is building the house, for what purpose, and where. , writing in NAHB's Eye on Housing Blog, says that houses built...(read more)

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mortgage, refinance mortgage, home mortgage, mortgage calculator
Mon, 18 Dec 2017 12:24:31 GMT  


http://news.search.yahoo.com/news/rss?p=mortgage&ei=UTF-8&fl=0&x=wrt Mon, 16 Jul 2018 16:19:37 GMT  


This is Money | Mortgages & homes Thu, 23 Jun 2011 23:22:24 GMT  

Fixed rate mortgage cuts tempt borrowers
Homeowners have more cheap mortgages to choose from as two-year fixes fall back to below 3% and the best five-year fixes sneak under 4% monopoly houses and a key
Estate agents sell just one home a week
Estate agents are selling an average of one property a week as the housing slump worsens, the Royal Institution of Chartered Surveyors said today A woman looking at an estate agent's window
House prices: What next?
We analyse house price news and predictions and investigate what is next for the UK property market House and money

National Mortgage News Wed, 31 Jan 2018 14:45:20 GMT  

UBS Takes 2Q Mortgage Hits
JPMorgan Warns of 3Q MBS Deterioration
Farmer Mac Reports Higher 2Q Profits
S&P Names Structured Finance Chief

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