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More Boomerang Buyers Are about to Enter the Market

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that […]

Why Is It Important to Use a Professional to Sell Your Home?

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the […]

To Stage…or Not to Stage? That Is the Question! [INFOGRAPHIC]

Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top […]

58% of Homeowners See a Drop in Home Values Coming

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]

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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MBS Day Ahead: Cue The Data-Driven Grind (Eventually)

Posted To: MBS Commentary With the Fed having confirmed their expected stance (closer to tapering, tolerant of short-term inflation, and plenty of pandemic-related uncertainty remaining), we move on to an inter-meeting period that will offer several opportunities to interpret the data that may inform the September Fed meeting. Today's GDP probably doesn't deserve to be […]

Weekly initial jobless claims falls to 400,000

(Please visit the site to view this media) CNBC's Rick Santelli and Steve Liesman report on the the weekly initial jobless claims numbers and the second quarter GDP. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Weekly initial jobless claims falls […]

Fed Hints At Tapering, But Bonds Don't Care; Refi Volume Increasing

Fed Hints At Tapering, But Bonds Don’t Care Why are rates lower despite the Fed announcement taking another step toward tapering? It’s a trick question actually. True, the Fed did tweak some verbiage to grease the skids for tapering, but that was widely expected. During the press conference, Powell did a good job of managing […]

Fed signaled tapering is coming next, says Sarah Bloom Raskin

(Please visit the site to view this media) Sarah Bloom Raskin, former United States deputy secretary of the Treasury; David Zervos, Jefferies; and Paul McCully, former PIMCO chief economist, join 'Closing Bell' to discuss the Federal Reserve Chair Jerome Powell's remarks on his economic outlook and what it means for the market. …(read more) Forward […]

MBS RECAP: Fed Hints At Tapering, But Bonds Don't Care

Posted To: MBS Commentary Fed Hints At Tapering, But Bonds Don't Care Why are rates lower despite the Fed announcement taking another step toward tapering? It's a trick question actually. True, the Fed did tweak some verbiage to grease the skids for tapering, but that was widely expected. During the press conference, Powell did a […]

Little support for tapering MBS earlier than Treasurys: Fed Chair Powell

(Please visit the site to view this media) Federal Reserve Chair Jerome Powell takes questions from reporters on his economic outlook as covid delta variant cases grow. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Little support for tapering MBS earlier […]

'It may take some time' — Fed's Powell on labor market recovery

(Please visit the site to view this media) Federal Reserve Chair Jerome Powell takes questions from reporters on the U.S. central bank's outlook as delta variant cases rise. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. 'It may take some time' […]

COVID Concerns Drive Rates Lower, Refi Volume Rises

Posted To: MND NewsWire Refinancing continues to support mortgage application activity while purchase applications continued to weaken during the week ended July 23. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage loan application volume, increased 5.7 percent on a seasonally adjusted basis from the prior week and the unadjusted […]

MBS Day Ahead: It's Not About What The Fed Actually Does

Posted To: MBS Commentary Like 8 other Wednesdays each year, today brings a healthy dose of volatility risk from the Fed Announcement and press conference (note: this is one of the four that is NOT accompanied by "the dots," which tend to add even more volatility). If the bond market has any strong reaction to […]

AE Jobs; Processing, Pricing, Retention, Sales Tools; Ginnie, FHA, VA Changes

Posted To: Pipeline Press I didn’t sign up for a 401k. I can’t run that far. Understanding numbers is important, as is accurately reporting them. For example, yesterday I mistakenly noted that the TMBA’s Annual Convention was August 29-30 when it’s actually the August 29-31. Borrowers aren’t the only ones refinancing. Are you going to […]

Fed should have started tapering yesterday: BlackRock's Rieder

(Please visit the site to view this media) CNBC's "Squawk Box" team discusses the Federal Reserve's monetary policy, inflation, markets and fixed income with Rick Rieder, chief investment officer of global fixed income at BlackRock. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to […]

More Home Price Records; Ownership Declines; What'll The Fed Do To Rates?

The U.S. Census Bureau says the nation’s Homeownership Rate was at 65.4 percent in the second quarter of 2021. This is down from both the previous quarter’s 65.6 percent , and a year earlier when it was reported at 67.9 percent. However, the Bureau cautions,” When interpreting these estimates and comparing with prior quarters and […]

MBS RECAP: Deceptively Interesting Trading Range Ahead of Fed

Posted To: MBS Commentary Deceptively Interesting Trading Range Ahead of Fed After a move up from 1.25 to nearly 1.30% on Monday, 10yr yields dropped back below 1.25% almost immediately on Tuesday. Those looking for reasons might find explanations ranging from Chinese stock market weakness to covid case counts to pre-Fed jitters. In general though, […]

Delta variant is big factor in forecasting the economy

(Please visit the site to view this media) Steve Liesman joins The Exchange to detail the results of a survey about the impact of the delta variant on markets and the broader society. Most respondents believe the delta variant will have a limited impact on markets. Compared to a similar June survey, more respondents now […]

Homeownership Rates Fall Across the Board

Posted To: MND NewsWire The U.S. Census Bureau says the nation’s Homeownership Rate was at 65.4 percent in the second quarter of 2021. This is down from both the previous quarter’s 65.6 percent , and a year earlier when it was reported at 67.9 percent. However, the Bureau cautions,” When interpreting these estimates and comparing […]

Home Price Gains "Running out of Superlatives," Highest Appreciation on Record

Posted To: MND NewsWire May set yet more records for price increases. Both the S&P CoreLogic Case-Shiller U.S. National Home Price Index and the Federal Housing Finance Agencies (FHFA) purchase only House Price Index (HPI) reported the highest annual rates of appreciation in their respective records. The Case-Shiller National Index, which covers all nine U.S. […]

MLO Jobs; Sec. Mktg., Retention, Workflow, Doctor, Automation Programs; Upcoming Events and Conferences

Posted To: Pipeline Press With Simone Biles injury at the Olympics, let’s shift our attention to lending & housing. Have you ever asked someone, especially a politician, for the definition of “affordable housing”? Maybe the better riddle is, “How is affordable housing like pornography? You’ll know it when you see it.” (See Supreme Court Justice […]

MBS Day Ahead: Overseas Markets Help Bonds Take Strong Stance

Posted To: MBS Commentary After having gained so much over the past 4 months (not to mention the removal of the adverse market fee), and with a Fed announcement due out tomorrow afternoon, it wouldn't have been a surprise to see bonds take a more defensive stance overnight and this morning. Instead, 10yr yields are […]

The 9am Bond Report – July 27, 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 9am Bond Report – July 27, 2021 The 9am Bond Report – July 27, 2021

Fed to stay course despite surging inflation forecast: Survey

(Please visit the site to view this media) CNBC's Steve Liesman reports on the results from the CNBC Fed Survey. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed to stay course despite surging inflation forecast: Survey Fed to stay course […]

MBS RECAP: Slow Monday, But Late Warning Shots (Re-Send w/ New Video)

Posted To: MBS Commentary Slow Monday, But Late Warning Shots It was a slow trading day for the most part until the last 90 minutes. Until then, MBS and Treasuries were generally flat. As the day wound down, yields bumped up to the highs–right in line with the 1.295% technical level–and MBS coughed up a […]

MBS RECAP: Slow Monday, But Late Warning Shots

Posted To: MBS Commentary Slow Monday, But Late Warning Shots It was a slow trading day for the most part until the last 90 minutes. Until then, MBS and Treasuries were generally flat. As the day wound down, yields bumped up to the highs–right in line with the 1.295% technical level–and MBS coughed up a […]

Realtors Report on Foreign Purchases of US Homes

Posted To: MND NewsWire The National Association of Realtors® (NAR) reports that there was a fourth consecutive year-over-year decline in the rate of investment in U.S. real estate by international buyers. In the 12 month period that ended on March 31 those buyers purchased 107,000 residential properties for a total of $54.4 billion. This was […]

The 2pm Bond Report – July 26, 2021

(Please visit the site to view this media) The 2pm Bond Report …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 2pm Bond Report – July 26, 2021 The 2pm Bond Report – July 26, 2021

Profit margins hit record highs

(Please visit the site to view this media) Despite rising business costs, businesses are seeing record profit margins, too. "We're passing through the wage inflation that we're having and we've actually expanded our margin some," one company said when reporting earnings. …(read more) Forward this article via email:  Send a copy of this story to someone […]

June New Home Sales Decline 6.6%

Posted To: MND NewsWire In May, the U.S. Census Bureau and Department of Housing and Urban Development reported that the seasonally adjusted annual sales of newly constructed homes had fallen below 800,000 units for the first time in a year, to 769,000 units. In June things only got worse. The report from the two agencies […]

White House Announces Expanded COVID Relief Options for Homeowners

Posted To: MND NewsWire With the federal moratorium on mortgage foreclosures nearing an end, the White House has announced a series of steps to help homeowners who have suffered COVID-19 related financial hardships stay in their homes. Some 1.75 million homeowners (private sources put the number closer to 1.9 million) remain in forbearance programs with […]

Forbearance Numbers Little Changed Over Past Two Weeks

Posted To: MND NewsWire In the wake of a near 200,000 drop in the number of loans in forbearance earlier in July, changes over the last two weeks have been modest. Black Knight says there was only a 1,000 loan reduction in the total number during the week ended July 13 and that was negated […]

MLO, Corresp. and Wholesale AE Jobs; Subservicing, Tech, Jumbo, Retention Tools; Disaster News

Posted To: Pipeline Press The headline this morning is seven people dying in a car crash caused by a Utah sandstorm. The damage caused by storms, including hurricanes in the East and fires in the West, often makes FEMA’s disaster list. The 2021 hurricane season began on June 1 and the National Oceanic and Atmospheric […]

The Bond Report – July 26, 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 – July 26, 2021 The Bond Report – July 26, 2021