Monday, November 14, 2011

NAR Paints Portrait of Typical Home Buyer; HARP 2.0 Details Tomorrow?

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Nov 14, 2011 10:56AM

NAR Paints Portrait of Typical Home Buyer

According to a recent survey by the National Association of Realtors® (NAR), the typical U.S. homebuyer spent less and borrowed less in 2011. These and other metrics of home buying were gathered in the NAR's annual Profile of Home Buyers and Sellers released Friday at the Realtors' 2011 Conference and Expo in Anaheim, California. The survey behind the Profile has been conducted for many years by way of a survey instrument mailed to recent home buyers. Because the purchased properties are not...

Nov 14, 2011 12:33PM

Details on HARP2.0 Expected Tuesday

If they hold to their original schedule, the Federal Housing Finance Agency (FHFA) along with Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs) which it holds in conservatorship, will be releasing guidance on the new version of HARP on Tuesday. On October 24 President Obama announced expansion of HARP, the Home Affordable Refinance Program in hopes it might reach a larger audience. HARP was designed to help borrowers who are current on their existing mortgage but underwater...


Micro News

3:08 PM:

Late Day Gains Keep Chances Alive For Rate Sheet Improvements

3:02 PM:

HARP 2.0, Econ Data, and Euro Headlines Vie for MBS's Attention Tomorrow

1:21 PM:

Chance of 2012 US Recession Tops 50 pct - Fed Paper

11:53 AM:

MBS Underperforming Treasuries, but Fed Buying Change That

9:46 AM:

LPS: Home Prices Down 3.8% Over Last Year

9:29 AM:

HARP 2.0 Operational Details Scheduled for Tomorrow

8:54 AM:

NY Fed: Housing Busts and Household Mobility

8:45 AM:

MBS Open Weaker on Italian Regime Change. No Scheduled Data Today.

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Today's Comments

Bryan LaFlamme

"MG. This is the 2nd time you've brought up the correlation of late '08 - early '09 and now (the last one was a couple of weeks back). It just..."

David Zilkha

"Hi Rob are you saying FHFA is taking active input on the HARP expansion and may change prior to the 15th(for ex the 09 seasoning)? Or just what the industry..."

Bobby Downey

"So it seems like there is a push in 3s lately.....are they just playing catch up, is it extremely low volume so easier to see movement, or does somebody..."

Today's Q&A

"Can you streamline an 80/20 that is not a fnma or fhlmc? With high ltv?"

"What if I don't have a Fannie Mae or Freddie Mac mortgage loan?"

"Average commercial real estate leasing agent commissions"