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Sellers: Your Home is an Oasis in an Inventory Desert

First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtors (NAR), […]

Homes Are Selling Quickly Nationwide

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country were […]

Homeowner’s Net Worth Is Still Greater Than a Renter’s

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]

What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase […]

Hey, Millennial Homeowners!! It May Be Time to Sell

Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise. Many Millennials took advantage of post housing […]

Housing Inventory Hits 30-Year Low

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs. New […]

93.9% Of Homes in The US Have Positive Equity

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.  The study also revealed that: Roughly 63% of all homeowners have seen their equity increase since Q1 2016 […]

How Long Do Most Families Stay in Their Home?

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median […]

20 Tips for Preparing Your House for Sale [INFOGRAPHIC]

Some Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and […]

Millennial Homeownership Rate Increases

Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to […]

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El-Erian: US economy could contract up to 14% in 2020 due to coronavirus crisis

(Please visit the site to view this media) Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss why he believes the U.S. economy could contract as much as 14% this year due to the coronavirus crisis. …(read more) Forward this article via email:  Send a copy of this story to someone you know […]

Almost 3 Million Forbearances Already; Fannie Mae Predicts Short But Excruciating Downturn

Fannie Mae’s April Economic Developments summary is, like Freddie Mac’s, relatively optimistic only because they see the impact of the pandemic as being very short lived. However, in the interim, some of the numbers they forecast are hard to hear. In March, as the COVID-19 crisis loomed, Fannie’s Economic and Strategic Research Group reduced outlook […]

Mortgage Rates Relatively Stable This Week But Slightly Higher Today

Posted To: Mortgage Rate Watch Mortgage rates continue showing a willingness to play by at least a few of the same rules that typically apply. Most of the rules went out the window as the market reacted to coronavirus–specifically the unprecedented joblessness hitting all at once and, with it, an unprecedented surge in mortgage payment […]

Bond Markets Take a Hit as Fed Continues Cutting Purchase Amounts

Posted To: MBS Commentary There was a sharp sell-off in the bond market on Friday afternoon–at least relative to the day's relatively calm trading patterns–as the Fed once again announced an updated bond buying schedule for the following week. It was a repeat of a similar performance seen at the end of last week when […]

Leading economic indicators decline 6.7% in March, vs. 7.2% drop expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on the latest round of economic data amid the coronavirus outbreak. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Leading economic indicators decline 6.7% in March, vs. 7.2% drop […]

Forbearance Agreements Hitting Smaller Servicers Hard

Posted To: MND NewsWire It is only a little more than a month into the COVID-19 crisis, but mortgage forbearances are already adding up. Black Knight has begun tracking that activity extrapolating an estimate of the active mortgage universe from a sample of loans. The company will be providing forbearance information on a daily basis. […]

Santelli Exchange: Hormats on markets and reopening the economy

(Please visit the site to view this media) Tiedemann Advisors' Robert Hormat and CNBC's Rick Santelli discuss supply chains and strategic reserves. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Santelli Exchange: Hormats on markets and reopening the economy Santelli Exchange: […]

Fannie Mae Predicts Short But Excruciating Downturn

Posted To: MND NewsWire Fannie Mae’s April Economic Developments summary is, like Freddie Mac’s, relatively optimistic only because they see the impact of the pandemic as being very short lived. However, in the interim, some of the numbers they forecast are hard to hear. In March, as the COVID-19 crisis loomed, Fannie’s Economic and Strategic […]

NY Fed's John Williams: Economy won't return to 'full strength' by end of 2020

(Please visit the site to view this media) New York Federal Reserve President John Williams says that he sees some aspects of the economy coming back online but doubts growth will get back to normal through 2020. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

MBS Day Ahead: Will 12+ Week Streak Continue For Friendly Fridays?

Posted To: MBS Commentary If I accidentally jinxed it, the damage was already done in yesterday's MBS Huddle video , so we might as well talk about it. "Talk about what," you might ask? The clockwork-like tendency for MBS prices to close higher on Fridays vs Thursdays (or Thursday vs Wednesday on the case of […]

March Closings Dominated by Refinancing

Posted To: MND NewsWire Declining interest rates in March pushed the refinance share of closed loans higher again according to information in Ellie Mae’s March Origination Insight Report . The average rate for all 30-year fixed-rate mortgages closed during the month was the lowest since January 2013, 3.65 percent, 21 basis points lower than the […]

Webinars and Events; CFPB HMDA News; Agency, Investor, and Vendor Changes Continue

Posted To: Pipeline Press While in captivity, watching the time, and waiting for release , can seem like forever. We’re always waiting for something, whether it is the CFPB rolling out its proposal for new non-QM guidelines near the end of May, or Ginnie rolling out eNote and eSignature capabilities, hopefully before then. Lenders are […]

China GDP contracts 6.8% in Q1, marking the weakest report on record

(Please visit the site to view this media) China released it's latest GDP data overnight into Friday, showing the first contraction of the economy since it began publishing the data in 1992. CNBC's Eunice Yoon reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want […]

White House unveils 3-phase process for reopening the economy

(Please visit the site to view this media) President Trump outlined new federal guidelines for opening up the country, urging state governors to base their decisions on data. CNBC's Eamon Javers reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. White […]

Trump tells governors some states can open before May 1

(Please visit the site to view this media) CNBC's Kayla Tausche reports that Trump tells governors some states may reopen before May 1, although the final decision will be theirs. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Trump tells governors […]

Valley Bank CEO explains how his regional bank is working with the SBA on coronavirus relief

(Please visit the site to view this media) Regional bank Valley Bank has processed about 5,000 PPP applications. President and CEO Ira Robbins joins 'Power Lunch' to discuss. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Valley Bank CEO explains how […]

Fed's Williams: Seen material improvement in liquidity

(Please visit the site to view this media) CNBC's Steve Liesman reports on recent comments from New York Fed President John Williams. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed's Williams: Seen material improvement in liquidity Fed's Williams: Seen material […]

Pandemic? Not a Problem for These Sight-Unseen Buyers

Posted To: MND NewsWire Is it possible that home buyers are adjusting more quickly to this brave new virus-driven world than was hoped? Will Americans now do the whole home purchase shtick from their living room couch? A survey the National Association of Realtors® (NAR) conducted among its members this week found that one-quarter of […]

Former Philadelphia Fed president Charles Plosser on Fed's response to coronavirus crisis

(Please visit the site to view this media) Charles Plosser, former Philadelphia Fed president, discusses his take on the Federal Reserve's actions to help inject liquidity into financial markets during the economic fallout from the coronavirus pandemic. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

This Chart of New Home Construction Looks Surprisingly Good Despite Biggest Hit in 40 Years

Posted To: MND NewsWire While the March residential construction report from the U.S Census Bureau is grim, one can find a small glimmer of optimism in the fact that, while housing starts fell off a cliff, there was much less damage done to permits . Perhaps this means builders are envisioning a pause in construction […]

MBS Day Ahead: Who's Lying?

Posted To: MBS Commentary Coronavirus has made for some of the biggest market movement and volatility in the history of financial markets. It's also resulted in a wide range of predictions about the future of the economy. There's good reason for this, to be sure. If there was ever an event that forced us to […]

Three experts break down latest unemployment and housing start data

(Please visit the site to view this media) Austan Goolsbee, professor at the University of Chicago Booth School and former chairman of the White House's Council of Economic Advisors, Michael Strain, director of economic policy studies at the American Enterprise Institute, and David Bailin, chief investment officer at Citi Private Bank, joins "Squawk Box" to […]

Appraisal, Sales, Processing Products; Training From Home; Vendor Tidbits

Posted To: Pipeline Press Unlike 2008, when, arguably, the lenders, banks, and investment banks, via lending & underwriting policies and lax securitization procedures, were the villains and scapegoats, this time around banks and lenders can help save people. We are not the villains. And while I’m at it, health care workers and those in the […]

Here's what to expect from initial jobless claims for the second week of April

(Please visit the site to view this media) CNBC's Steve Liesman gives a preview to the latest weekly jobless claims data as a record number of Americans file during unemployment amid the coronavirus crisis. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Mortgage Apps Bounce Back; Builder Confidence Decimated; Fannie/Freddie Team up With CFPB on Servicing

Even though many were probably doing it on their phone or tablet while sitting at their kitchen tables, Americans were busy submitting applications to refinance their home last week. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a measure of mortgage loan application volume, driven by refinancing, increased 7.3 percent on a […]

Mortgage Rates Move Modestly Lower, But Caveats Remain

Posted To: Mortgage Rate Watch Mortgage rates had a reasonably calm and logical day–not something we’ve been able to say very often recently. It was calm in the sense that today’s average rates didn’t fall too far from yesterday’s and intraday movement wasn’t too extreme. It was logical in the sense that the improvement coincided […]

Federal Reserve on coronavirus: Activity contracted sharply and abruptly

(Please visit the site to view this media) CNBC's Steve Liesman reports the latest from the Federal Reserve's 'Beige Book' report. He discusses what impact the Fed is seeing on the economy from coronavirus. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Homebuilders face 'front end-loaded' impact, says Susquehanna's Jack Micenko

(Please visit the site to view this media) CNBC's Kelly Evans is joined by Jack Micenko, Susquehanna analyst, on homebuilders and real estate amid the coronavirus pandemic. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Homebuilders face 'front end-loaded' impact, says […]

Homebuilder sentiment dips to 30 in April, lowest level since 2014

(Please visit the site to view this media) CNBC's Rick Santelli and Diana Olick report on the latest round of economic data as the coronavirus weighs on the economy. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Homebuilder sentiment dips to […]

Fannie/Freddie Regulator and CFPB Agree Will Share Mortgage Servicing Info

Posted To: MND NewsWire The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have made arrangements to share information during the COVID-19 national emergency. CFPB is a big portal for and repository of consumer complaints about providers of financial services and has agreed to make that information as it relates to […]