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Real Estate Is a Driving Force in the Economy

As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise […]

Rent vs. Buy: How to Decide What’s Best for You

According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting […]

4 Reasons Why the Election Won’t Dampen the Housing Market

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them. Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect […]

Should I Renovate My House Before I Sell It? [INFOGRAPHIC]

Some Highlights In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for […]

Three Ways Low Inventory Is a Win for Sellers

The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s […]

Buyer Interest Is Growing among Younger Generations

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […]

How Down Payment Assistance Opens the Door to Homeownership

Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable […]

Two Important Impacts of Home Equity

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight […]

Selling Your House Is the Right Move, Right Now [INFOGRAPHIC]

Some Highlights Demand from homebuyers has skyrocketed this year, which means today’s sellers are poised to win big. This ideal moment in time to sell your house won’t last forever, though. With more sellers coming to the market in the spring, waiting until next year means buyers will have more choices, so your home may […]

Home Values Projected to Keep Rising

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. […]

Why Today’s Options Will Save Homeowners from Foreclosure

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, […]

Americans Are Gaining Confidence in the Economy

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on […]

Real Estate Continues to Show Unprecedented Strength This Year

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say. […]

How to Prepare for a Bidding War [INFOGRAPHIC]

Some Highlights With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers. From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you find the perfect home. Let’s connect today to be sure you […]

Do You Need to Know More about Forbearance and Mortgage Relief Options?

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need. First, there was a […]

The #1 Reason Not to Wait to List Your House for Sale

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the […]

Do You Have Enough Money Saved for a Down Payment?

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested […]

6 Reasons You’ll Win by Selling with a Real Estate Agent This Fall

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale […]

Thinking of Moving? [INFOGRAPHIC]

Some Highlights If you’re ready to sell your house but you’re worried about finding one to move into, why not invest in a brand-new home built just for you? New construction is on the rise, so it’s a great time to think about a custom home to fit your family’s changing needs. Let’s connect today […]

Should You Buy a Retirement Home Sooner Rather than Later?

Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in […]

A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s […]

Is it Time to Move into a Single-Story Home?

Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity […]

Why Pricing Your House Right Is Essential

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home […]

Rising Home Equity Can Power Your Next Move [INFOGRAPHIC]

Some Highlights According to CoreLogic, homeowners across the country are gaining significant equity. Over the past year, the average homeowner gained $9,800 in equity, growing their overall net worth. If you’re ready to sell your house and begin looking for your dream home, let’s connect to plan how your equity can make that possible. Rising […]

Buyers Are Finding More Space in the Luxury Home Market

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for […]

Why Selling this Fall May Be Your Best Move

If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. 1. Buyers Are Actively in the Market ShowingTime, a leading real estate showing software and market stat service provider, […]

Where Are Home Values Headed Over the Next 12 Months?

As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate? […]

Housing Market on Track to Beat Last Year’s Success

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First […]

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]

Some Highlights As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start. […]

Home Equity Gives Sellers Options in Today’s Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and […]

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Refinancing Volume Pulls Back as Rates Rise

Posted To: MND NewsWire The volume of mortgage applications fell back slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index was down 1.9 percent on a seasonally adjusted basis during the week ended January 15 compared to the prior reporting period. On an unadjusted basis the index lost 1.0 percent. The […]

Biden Nominates Two Picks for Important Financial Positions; Uneventful Start For Bonds This Week

President-elect Joe Biden has announced his picks for two important financial regulatory positions. The chairmanship of the Consumer Financial Protection Bureau (CFPB) will be filled by Rohit Chopra while Gary Gensler is expected to be named to head the U.S. Securities and Exchange Commission (SEC). Both nominations are expected to be controversial among the communities […]

MBS RECAP: Uneventful Start This Week; Next Move Remains Debatable

Posted To: MBS Commentary Uneventful Start This Week; Next Move Remains Debatable Bonds began the day in weaker territory but rallied back to nearly unchanged levels after several comments from inbound Treasury Secretary Janet Yellen. Of particular note were Yellen's comments on the possibility of repealing certain tax cuts as well as the need to […]

Treasury nominee Yellen says U.S. can afford a higher corporate tax rate if it coordinates with other countries

(Please visit the site to view this media) Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, testified Tuesday that the U.S. could afford a higher corporate tax rate if it coordinated with other economies around the globe. …(read more) Forward this article via email:  Send a copy of this story to someone you know that […]

Rates could go up quite a bit more: Equity strategist Mike Wilson

(Please visit the site to view this media) CNBC's "Halftime Report" discusses how rising U.S. rates impact growth stocks and Federal Reserve's monetary policy outlook with Mike Wilson, the chief U.S. equity strategist at Morgan Stanley. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want […]

Biden Nominates Two Picks for Important Financial Positions

Posted To: MND NewsWire President-elect Joe Biden has announced his picks for two important financial regulatory positions. The chairmanship of the Consumer Financial Protection Bureau (CFPB) will be filled by Rohit Chopra while Gary Gensler is expected to be named to head the U.S. Securities and Exchange Commission (SEC). Both nominations are expected to be […]

IT, AE Jobs; Jumbo, Origination, Productivity Tools; Thoughts on the CFPB Nominee; Training and Events

Posted To: Pipeline Press Sometimes running a mortgage compliance department can seem like this short clip Indiana’s Carol K. sent along. Yet there is value in compliance, and it is good that lenders and servicers are much more cognizant of rules and regulations than we were 12-14 years ago, along with requiring that borrowers have […]

The Bond Report – 9am – 01/19/21

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The Bond Report – 9am – 01/19/21 The Bond Report – 9am – 01/19/21

MBS Week Ahead: After Last Week's Defensive Stand, What's Next For Bonds?

Posted To: MBS Commentary Last week's bond trading served the role of establishing a ceiling for yields after their biggest spike in nearly a year (and the case could be made that the rate spike in March was an artificial and temporary byproduct of covid-related market dislocations–never destined to last). In that sense, the post-senate-election […]

What Biden Treasury Secretary nominee Janet Yellen plans to tell Congress

(Please visit the site to view this media) President-elect Joe Biden's Treasury Secretary nominee Janet Yellen will tell lawmakers during her confirmation hearing that the government must "act big" with its next coronavirus relief bill. CNBC's Steve Liesman reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know […]

Markets will rise due to Fed support and expected stimulus: Strategist

(Please visit the site to view this media) Kevin Nicholson, global fixed income co-chief investment officer at Riverfront Investment Group, joined "Squawk Box" on Tuesday to discuss what he was watching in the markets ahead of Inauguration Day. …(read more) Forward this article via email:  Send a copy of this story to someone you know that […]

Real Story Behind Rate Volatility; Slower Forbearance Improvement; Origination Forecast

It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said rates should be rising, they continued on a calm journey to multiple record lows. 2021 has been very different so far! Covid and its impacts on the economy remain the […]

MBS RECAP: Big Victory This Week (In Response To Last Week's Big Loss)

Posted To: MBS Commentary Big Victory This Week (In Response To Last Week's Big Loss) Relative to the spectrum of possibilities, ending the week with 10yr Treasury yields under 1.1% is a big victory. Of course that wouldn't have been the case before last week, but everything's relative in the bond market. From here, we'll […]

The Real Story Behind The Past 2 Weeks of Mortgage Rate Volatility

Posted To: Mortgage Rate Watch It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said rates should be rising, they continued on a calm journey to multiple record lows. 2021 has been very different so far! Covid and its impacts […]

The Bond Report – 2pm – January 15, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The Bond Report – 2pm – January 15, 2021 The Bond Report – 2pm – January 15, 2021

Bidding for homes unseen, the new phenomenon

(Please visit the site to view this media) Daryl Fairweather, Redfin chief economist, discusses the phenomenon of people buying homes sight unseen and what that means for the market. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Bidding for homes unseen, […]

Boston Fed's Rosengren: Biden stimulus a big package but I think it's appropriate

(Please visit the site to view this media) CNBC's Steve Liesman talks to Boston Fed President Eric Rosengren, who believes President-elect Joe Biden's economic stimulus plan is the appropriate action for this time. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. […]

The Bond Report – 9am – January 15, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The Bond Report – 9am – January 15, 2021 The Bond Report – 9am – January 15, 2021

Improvements in Forbearance Continue to Slow

Posted To: MND NewsWire A decline in the number of forborne loans in those portfolios serviced for banks and private label securities (PLS) accounted for most of the modest downturn in overall numbers last week. Black Knight said the number of active plans dropped by 9,000 loans or 0.3 percent compared to the previous week. […]

First Quarter Projections: Steady as They Go

Posted To: MND NewsWire Freddie Mac’s first quarter 2021 economic forecast is unusually short, and, unlike recent forecasts from either of the GSEs, has relatively few revisions. The company’s economists say that nearly a year after the first cases of COVID-19 were diagnosed in the U.S., economic growth remains uncertain, with answers largely hinging on […]

Post-2008 Standardized Practices Have Helped Manage Forbearances

Posted To: MND NewsWire Fannie Mae said that the standardization of servicing standards that followed the 2008 housing crisis appears to have helped the industry manage the recent flood of COVID-19 forbearance plans. The company included a series of questions about forbearance management in its September Lender Sentiment Survey and has now released a special […]

Retail, Ops Jobs; Appraisal, Non-QM, Jumbo, DPA Products; Industry Weighs in on Good Freddie/Fannie News

Posted To: Pipeline Press As Flagstar’s Marcus L. points out, “1999 doesn’t sound like that long ago until you realize that people with a birth year starting with ‘2’ are starting to be old enough to legally drink.” And plenty of them have student debt, the forgiveness of which is now in the press and […]

MBS Day Ahead: Bonds Not Threatened By Stimulus; Consolidation Continues

Posted To: MBS Commentary After the GA senate elections, the bond market immediately knew it needed to prepare for additional stimulus, even if moderate democratic voices might serve to limit the size and scope. We hazarded a guess that this was worth 10yr yields rising 25bps, roughly and finding support around 1.17%. Bond traders have […]

U.S. retail sales fall 0.7% in December, vs. flat reading expected

(Please visit the site to view this media) CNBC's Rick Santelli reports the latest retail sales numbers from December 2020. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. U.S. retail sales fall 0.7% in December, vs. flat reading expected U.S. retail […]

MBS RECAP: Bonds Playing it Extra Safe Ahead of Biden's Stimulus Details

Posted To: MBS Commentary Bonds Playing it Extra Safe Ahead of Biden's Stimulus Details As we discussed yesterday, the strong mid-week rally suggested a good amount of short covering was behind the move. This merely means traders who bet on rising rates were finally cashing in. It doesn't mean there are lots of new buyers […]

Federal Reserve's Powell says not raising interest rates anytime soon

(Please visit the site to view this media) Federal Reserve Chairman Jerome Powell takes questions about the Fed’s new monetary framework, inflation expectations and more after a discussion at Princeton’s Bendheim Center for Finance. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Powell: Focused on getting back to strong labor market

(Please visit the site to view this media) Federal Reserve Chairman Jerome Powell takes questions about the Fed’s new monetary framework, inflation expectations and more after a discussion at Princeton’s Bendheim Center for Finance. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

US weekly jobless claims total 965,000, highest since August

(Please visit the site to view this media) First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. CNBC's Rick Santelli and Steve Liesman break down the numbers. …(read more) Forward this article via email:  Send a copy of this […]

The Bond Report – 9am – January 14, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The Bond Report – 9am – January 14, 2021 The Bond Report – 9am – January 14, 2021

MBS Day Ahead: Waiting On Stimulus Details, Shrugging Off Early Reports of $2 Trillion

Posted To: MBS Commentary A few hours after markets closed yesterday, news began coming out regarding a Biden aide mentioning tonight's stimulus proposal would be in the $2 trillion neighborhood. That's quite a bit more than the $1.3 trillion that had been making the rounds a few hours prior (the same number was thrown around […]