Monday, March 26, 2012

Homeowners Discouraged by Short Sales; Investors Picking up Slack

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Mar 26, 2012 11:18AM

Homeowners Discouraged by Short Sales; Investors Picking up Slack

While homebuyers are pursuing short sales with less enthusiasm because of the lengthy and unpredictable process, investors are finding them a new target of opportunity . Campbell/Inside Mortgage Finance HousingPulse Tracking Survey found that investors continued to boost their activity in the housing market during February and accounted for 24.2 of all housing transactions and 30.6 percent of short sales. Distressed sales accounted for 48.7 percent of all housing sales in February based on a three...

Mar 26, 2012 4:09PM

MBS RECAP: Volatile Session, But Contained

We haven't seen a whole lot of volume behind the current moves, but they've certainly been in the right direction. Fannie 3.5's are up 4 ticks on the day now at 102-17 and 10yr yields are testing their lows of the day in the mid 2.24's. It's too soon


Micro News

2:37 PM:

MBS Break to New Highs. Positive Reprices If Gains Hold

1:12 PM:

Choppy and Range-Bound. MBS Bounce At Highs.

11:37 AM:

MBS Begin to Lose Their Footing as TSYs Push Higher

11:04 AM:

Treasuries Near Worst Levels, MBS Outperforming

10:03 AM:

ECON: Pending Home Sales Unexpectedly Fall in February

8:49 AM:

ECON: Chicago Fed Index Turned Negative in February

8:39 AM:

Germany to Grow Bailout Fund, Bond Markets Weaker This AM

3:17 PM:

Low Volume, Low Volatility. MBS Coasting Out Uneventfully

Around the Web

Video News

Pending Home Sales Slip

Bernanke's Labor Speech Preview

Fed Is Done With Debt Purchases, Wells Fargo Says


Today's Comments

Jason Harris

"I closed one last week with a $400K 1st, subordinated a $105,000 2nd lien and had an appraisal of $240K. (We require 2055 EXT for all Fannie's) Saved..."

catherinecoy

"Donald Scott, can you give us a few "for instance" regarding UWM's HARP overlays. Why in the world do lenders/investors need to gummy up..."

catherinecoy

"I agree with every word of Frank Ceizyk's letter. I will do my utmost between now and 2014 (end of HARP 2.0) to identify and assist homeowners with..."

Today's Q&A

"Licensing requirements for LLC rental company GA"

"Investmant property downpayment information"

"Citimorgage and HARP loan"