Jerry Coleman
Remax Unlimited
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Real Estate News
Q3 was "Rough Patch" for Housing; Q4 Indicators Not Positive
Fri, 17 Nov 2017 22:29:18 GMT

Posted To: MND NewsWireHousing activity in the third quarter of 2017 is described as "continuing its rough patch" in Fannie Mae's latest edition of Economic Developments . The company's economists say that activity pulled back across the board during..[read more]

MBS RECAP: Holiday Mode Engaged as Bonds Seek Center of Range
Fri, 17 Nov 2017 22:28:58 GMT

Posted To: MBS CommentaryWith today's modest gains, bond markets did exactly what they need to in order to keep the medium term momentum technicals perfectly flat (that flatness was discussed in the Day Ahead , if you'd like to read more abou..[read more]

Mortgage Rates Unchanged Heading Into Holiday Week
Fri, 17 Nov 2017 21:53:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged today--not too surprising considering today's bond market levels (which underlie rates) were roughly in line with yesterday's. The average lender is quoting conventional 30yr fixed rates of 4..[read more]

More Than Half of October Refis Were FHA/VA
Fri, 17 Nov 2017 15:12:20 GMT

Posted To: MND NewsWireThe interest rate for loans originated (closed) in October inched down 1 percentage point to 4.20 percent, the lowest rate thus far in 2017, and the sixth month in a row rates have declined. Ellie Mae also reported that the sha..[read more]

Home Building Surges to Year's Best Levels, Erasing Summertime Sadness
Fri, 17 Nov 2017 14:59:49 GMT

Posted To: MND NewsWireIt has been a while since all three measures covered in the residential construction report were strongly positive. In fact, certain metrics bordered on disconcerting during the summertime months. October's numbers represent a ..[read more]

MBS Day Ahead: Bond Markets May Be Done For The Holidays
Fri, 17 Nov 2017 14:35:38 GMT

Posted To: MBS CommentaryTake a few steps back from the shorter-term charts (we tend to watch at 2-day chart for most lock/float purposes on MBS Live ) and a theme begins to emerge about bond market momentum over the past 2 months. There has been add..[read more]

HUD, FHA, VA, and Ginnie News; Wells Fargo Mgt. Upheaval
Fri, 17 Nov 2017 14:22:11 GMT

Posted To: Pipeline PressHere’s a tidbit for Happy Hour tonight. Currently, about 21 percent of filers take the mortgage deduction, but under the new framework only about 4 percent would, according to recent estimates from the Tax Policy Center..[read more]

MBS RECAP: Bonds Adrift, No Land in Sight
Thu, 16 Nov 2017 22:17:17 GMT

Posted To: MBS CommentaryBond markets are officially looking for inspiration, motivation, or even just something to pass the time. Today's events didn't seem to do the trick as trading levels drifted aimlessly throughout domestic hours. That&..[read more]

Mortgage Rates Slightly Higher
Thu, 16 Nov 2017 21:36:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved higher today, but the changes were minimal for most lenders. Bond markets (which underlie interest rates) have been searching for inspiration recently and largely coming up short. This morning contai..[read more]

Builder Confidence Nears Post Crash High
Thu, 16 Nov 2017 15:38:34 GMT

Posted To: MND NewsWireBuilder confidence increased for the second consecutive month after taking a hit in September from the late summer hurricanes. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) increased 2 ..[read more]

CFPB's Cordray Resigns; Agency Future Uncertain
Thu, 16 Nov 2017 14:50:27 GMT

Posted To: MND NewsWireRichard Cordray, first Director of the Consumer Financial Protection Bureau (CFPB), will leave the agency at the end of the month. Cordray announced his resignation on Wednesday in a letter to CFPB employees. It has long been r..[read more]

Another Lender Acquired; Training Events; Thoughts on Mr. Cordray
Thu, 16 Nov 2017 14:09:36 GMT

Posted To: Pipeline PressI think the rumors out there about Richard Cordray taking a much deserved break and then, forget that governor stuff, stepping into Dave Stevens' shoes running the MBA are farfetched. Now, forgetting for a moment about comp i..[read more]

MBS Day Ahead: More Econ Data, Plus Tax Bill Vote, But Bonds Might Not Care
Thu, 16 Nov 2017 13:36:22 GMT

Posted To: MBS CommentaryWhile today will play host to another set of economic reports as well as the House vote on its version of the tax bill, bond markets may continue to let other factors drive trading decisions. The 8:30am economic data includes..[read more]

MBS RECAP: Bonds Defy CPI and Retail Sales to With Solid Gains
Wed, 15 Nov 2017 21:38:47 GMT

Posted To: MBS CommentaryAs noted in today's MBS Huddle, an absence of any selling pressure in bond markets was a positive result in itself. Selling pressure would have been fairly easy to justify given the slightly stronger CPI data as well as m..[read more]

Mortgage Rates Lower After Inflation Data
Wed, 15 Nov 2017 20:26:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell today, largely in response to the past two days of bond market improvement. In other words, lenders had been keeping their guard up ahead of today's key inflation data (The Consumer Price Index, or "C..[read more]

Fannie Mae is Testing New Type of Construction Loan
Wed, 15 Nov 2017 17:24:17 GMT

Posted To: MND NewsWireWith new home building still lagging other measures of the housing recovery, and lean inventories of new homes causing shortages of existing homes as well, Fannie Mae is seeking ways to provide a little help . The company has p..[read more]

Mortgage Insurance Fund Circling the Drain - Better Loans to Blame?
Wed, 15 Nov 2017 15:29:16 GMT

Posted To: MND NewsWireFHA's Mortgage Insurance Fund (MIF) lost ground this past year, which is bad news for those hoping for a cut in its fees. The Department of Housing and Urban Development (HUD) released results of the statutorily required indepe..[read more]

Conventional Conforming Underwriting Updates, New Products
Wed, 15 Nov 2017 14:18:20 GMT

Posted To: Pipeline PressI remember when being worth a million bucks really meant something, and my parents occasionally pointed out someone who they thought was a millionaire. Now they’re a dime a dozen, especially in the United States where t..[read more]

Refinancing Rallies, Drives Week's Numbers
Wed, 15 Nov 2017 13:56:27 GMT

Posted To: MND NewsWireThe week ended November 10 saw a strong pickup in applications for refinancing but continued weakness in those for home purchases. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume..[read more]

MBS Day Ahead: Bonds Show Hand Ahead of Key Data
Wed, 15 Nov 2017 13:24:22 GMT

Posted To: MBS CommentaryBonds begin the day much-improved from yesterday's levels, effectively showing their hand ahead of today's important economic data. In other words, they HAD been fairly equivocal so far this week--perhaps erring on th..[read more]

MBS RECAP: More Consolidation, But This Time at Least It's Green
Tue, 14 Nov 2017 21:47:17 GMT

Posted To: MBS CommentaryThe past two sessions have been fairly nondescript in the bigger picture. Both have traversed almost exactly the same trading range. Both have exhibited very little direct attachment to news or events. And neither have offere..[read more]

Mortgage Rates Mixed Depending on Lender; Volatility Ahead
Tue, 14 Nov 2017 21:09:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much today, despite moderate improvements in bond markets. Typically, stronger bond markets result in lower rates, but if anything, more lenders moved into slightly weaker territory. That has a..[read more]

MBA Expects New Home Sales to Recover from Hurricane Losses
Tue, 14 Nov 2017 16:24:39 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) says that information collected through its Builder Application Survey (BAS), shows mortgage applications for new home purchases climbed 23 percent on a non-seasonally adjusted basis from ..[read more]

Delinquencies Signal "Final Stages" of Recovery
Tue, 14 Nov 2017 15:52:11 GMT

Posted To: MND NewsWireTo no one's surprise, measures of mortgage distress , including delinquencies, serious delinquencies, and foreclosures, were down again in August , with many metrics falling into fractional percentage territory. According to Co..[read more]

Tax Breaks or Not, Home Equity Lending Has Huge Potential
Tue, 14 Nov 2017 15:00:56 GMT

Posted To: MND NewsWireMost households buy a home to live in and raise a family. Consequently, they may not view a home as a financial asset in the same way they view their cash savings or their retirement accounts. Only half of American workers are ..[read more]

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