Cash Buyers and Qualified Investors Prop Home Sales

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Feb 23, 2011 3:31PM Cash Buyers and Qualified Investors Prop Home Sales. Tight Credit Limits Housing Recovery The National Association of Realtors today released Existing Home Sales data for January 2011 Existing Home Sales report on the number of completed real estate sales transactions on single-family homes, townhomes, condominiums and co-ops. The methodology in calculating existing-home sales statistics is really quite simple. Each month the National Association of Realtor® receives data on existing-home sales from local associations/boards and multiple listing services (MLS) nationwide. The monthly... Feb 23, 2011 12:51PM Running a Loan Shop: Preparation Leads to Performance I'm winding down a two week trip to the Mid-West where I've been performing warehouse lender audits. Something that's really stood out to me lately is the correlation between financial performance and the preparations taken before a scheduled audit. The relationship is really quite simple though. When management prepares well for an audit, their operations tend to report much better financial results than companies that don't prepare. These high performers understand the risks associated with being... FHFA Promotes Loan Servicing Uniformity and Penalties for Non-Compliance MBS Rally Targets: Battling Profit Takers and Short Sellers FDIC Urges America to Set Up Automatic Savings Plan Mortgage Rates: Steady Despite Weak Treasury Auction Originator Compensation Questionnaire; Rent vs. Own; Attestation of Compliance; Toll Brothers Q1 Earnings; TBW Treasurer in Court Refinance Demand Stabilizes as Mortgage Rates Rebound View: Front Page | Headline Viewer Micro News 5:09 PM: Tomorrow Brings More Econ Data Than Today, And 7yr Note Auction 4:25 PM: Last Lines Of Defense Hold In Benchmarks 4:18 PM: New Mortgage Rate Watch Post 2:08 PM: Risks Of Reprices For The Worse Emerge As Benchmark Support Falters 1:48 PM: Fannie Adds Resources to Prepare Lenders and Appraisers for UAD 12:56 PM: Mass Layoffs Up in January. Led by Temporary Help Services 12:24 PM: Loan Pricing Update: 2/23/2011 11:48 AM: GSEs to Push Penalties on Loan Servicers »View All Micro News Around the Web Existing Home Inventory increases 3.1% Year over Year New Mortgage Securities Will 'Be Better': Ranieri Banks Recovering from Crisis but Need to Lend More Principals' Approaches to Developing Teacher Quality Are Home Price Declines Overstated? FHA: REO inventory up 47% over last year »View More Around the Web Video News President Obama Statement on Libya Pain at the Pump BofA's Meyer Says U.S. Home Prices to `Fall Further' »View More Video News Today's Comments "Risks Of Reprices For The Worse Emerge As Benchmark Support Falters 3.48 had been discussed as one of the more important support levels in benchmark 10yr..." "Well said Adam: FHA does indeed need to introduce the Investor component of 203k financing once again. I originated quite a few of these types of deals..." "Brian, counting on any more money on the national level is probably an exercise in futility. I've developed a business model for a Fannie-type company..." »View More Comments Today's Q&A "How do i send extra payment to morgage towards principle only..." "If my agent is selling my home and showing me my new home how..." "What is the quickest and easiest way to transfer complete ownership..." »View More Q&A Today's Forum Discussions "I'm having a panic moment regarding the FHA requirements for documenting funds transfer, etc. I hope someone with experience here can advise me: I..." "I am wondering what everyone's opinion is on getting a home inspection on a brand new home. We had the house built and watched most of the progress..." "How are your u/w's handling BK's with a property included for a new FHA deal? Are you guys three years from discharge or three years from when..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 5.00 -0.01 15YR 4.12 -0.03 FHA30YR 4.82 -0.03 Jumbo30YR 5.70 -0.01 5/1ARM 3.65 0.00 MBS Quotes FNMA 3.5 93-32 -0-02 FNMA 4.0 98-03 -0-01 FNMA 4.5 101-15 0-02 FNMA 5.0 104-11 0-02 Treasuries 2 YR 0.7512 0.0042 3 YR 1.2419 0.0299 5 YR 2.1711 0.0371 7 YR 2.8699 0.0429 10 YR 3.4830 0.0240 30 YR 4.5822 -0.0208 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 8.04% FHFA Home Price 0.02% New Home Sales 17.50% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Case-Shiller: Home Prices End 2010 on Downtrend

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Feb 22, 2011 12:26PM S&P/Case-Shiller: Home Prices End 2010 on Downtrend The S&P/Case Shiller Home Price Indices , which track home prices throughout the U.S. on a two-month lag, declined 3.9 percent during the fourth quarter of 2010 on top of a 1.9 percent decline in Q3. Prices were 4.1 percent lower than one year earlier. This represents the lowest annual growth rate since the third quarter of 2009 when prices were falling at an 8.6 percent annual rate and the sixth consecutive month of national home price depreciations. S&P/Case-Shiller provides two monthly... Feb 22, 2011 12:36PM FHA Commissioner Explains Logic Behind Insurance Premium Hike Last week the FHA announced it would increase annual mortgage insurance premiums by 0.25% to "bolster capital reserves", effective for case numbers ordered on or after April 18, 2011. Naturally the sudden spike in fees led to a chorus of Bronx cheers from inside the housing industry. Originator, Realtor, and Borrower feedback was generally themed along the lines of comments like "GREAT TIMING. REDUCING THE POOL OF QUALIFIED HOMEBUYERS WILL DEFINITELY BOOST THE HOUSING RECOVERY". Please note sarcasm... National Housing Trust Fund: A Call for Bipartisanship Directional MBS Alert: Bond Market Builds Case for Lower Rates MBA: Delinquency Rates Down, Some to Pre-Recession Levels Public Perception of Originator Compensation Changes; Details on Redwood Non-Agency MBS Deal; Several Investor Updates; Refinancing Borrowers Shun ARMs in Q4. Opt for Shorter Loan Terms Mortgage Rates: Best Execution Improves to 5.00% View: Front Page | Headline Viewer Micro News 5:10 PM: More Econ Data And An Auction That's More Relevant To MBS Prices 5:03 PM: Huge Rally Lasts All Day With Minimal Volatility 3:58 PM: Loan Pricing Update: Best Ex Moves Lower 3:49 PM: Geithner to Testify on GSE Reform 3:47 PM: Shiller Sees Substantial Risk of Continued Home Price Declines 3:38 PM: Policy Options to Reduce Agency and Taxpayer Risk 3:31 PM: Fannie Mae NMLS Licensing Reminder 1:04 PM: DATA: 2YR Auction Results »View All Micro News Around the Web Analysis: U.S. mortgage bond highlights rating debate Investors' foreclosure appetite grows, headaches arise Moving away from homeownership Housing Affordability Rises to Highest Level in Two Decades More Doubts About NAR Home Data Number of the Week: The Perils of Inequality »View More Around the Web Video News Case Says More Cautious Credit Holding Back U.S. Housing Oil Prices Surge on Middle East Uncertainty Government Housing Headache »View More Video News Today's Comments "civil unrest and a political attack on the US credit rating is certainly a major risk to the outlook for lower mortgage rates" "With the continued unrest in the middle east and uncertainty around EU debt issues the risk trade is off for now and the the flight to safety is on. Investors..." "You have to wonder "how many deals can go bad", if the bulk of originated loans are 30 year and 15 year fixed, with FHA guides being the tightest..." »View More Comments Today's Q&A "How do i send extra payment to morgage towards principle only..." "If my agent is selling my home and showing me my new home how..." "What is the quickest and easiest way to transfer complete ownership..." »View More Q&A Today's Forum Discussions "NLD Settlement Corp is the nations leading hard money lender. We provide hard money to real estate investors nationwide. We are 100% asset based lenders..." "Hello All, Just got back from my bank. Originally talked to the loan officer about doing a Refinance with Cash out. I wanted to do two things..A- Lower..." "Loan Scenario View All Post A Scenario Loan State: California Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $350,000 Property Value: $800..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 5.01 -0.06 15YR 4.15 -0.08 FHA30YR 4.85 -0.05 Jumbo30YR 5.71 -0.04 5/1ARM 3.65 -0.03 MBS Quotes FNMA 3.5 94-02 0-19 FNMA 4.0 98-04 0-18 FNMA 4.5 101-13 0-12 FNMA 5.0 104-09 0-08 Treasuries 2 YR 0.6982 -0.0568 3 YR 1.2125 -0.0935 5 YR 2.1339 -0.1361 7 YR 2.8271 -0.1439 10 YR 3.4589 -0.1231 30 YR 4.6031 -0.0879 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 8.04% Existing Home 12.34% Existing Home -0.09% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

FHA Announces Fee Hike. Targeted Relaxation of Regs Ahead?

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Feb 14, 2011 3:00PM FHA Announces Fee Hike. Targeted Relaxation of Regs Ahead? That was quick.... FHA TAKES STEPS TO BOLSTER CAPITAL RESERVES New premium structure for 30- and 15-year loans will help private capital return WASHINGTON – As part of ongoing efforts to strengthen the Federal Housing Administration's (FHA) capital reserves, FHA Commissioner David H. Stevens today announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans... Feb 15, 2011 10:14AM HUD 2012 Budget: Increased Outlays Offset by Incoming FHA Receipts U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has released HUD's 2012 Fiscal Year budget request. The latest HUD budget proposal outlines a $48 billion spending program for fiscal year 2012, an increase of more than $900 million from 2010. The $48 billion gross budget appropriation proposal is expected to be offset by a projected $5 billion in receipts from FHA and Ginnie Mae. When including receipts, HUD's net budget authority will total $43 billion, this is a 1... Housing Finance Reform: Reduced Loan Limits, Larger Down Payments, Higher FHA MIP Fees Risk Retention Reform is Top Priority. White Paper Winners and Losers Home Loan Demand Declines as Rising Rates Reduce Affordability Primer on Mortgage Servicing Reform; The Cost to Rescue Fannie and Freddie; Three New Mortgagee Letters; Redwood Markets Non-Agency MBS HUD Initiatives Boost New Construction in Rental Market Fed Governor Says Housing and Banking Industry Owes America View: Front Page | Headline Viewer Micro News 4:59 PM: Markets Closed Monday. Auctions Next Week. 3:35 PM: MBS Hit Best Levels Of The Day 1:44 PM: Bonds At Highs Of The Day, More Reprices For The Better 12:46 PM: Mini-Rally Hits Resistance For Treasuries, MBS Less Affected 12:29 PM: Bonds Move Into Rally Mode Suddenly. Reprices For The Better! 11:24 AM: DATA: University Of Michigan Inflation Report 8:57 AM: LPS 'First Look' Mortgage Report: January Month-End Data Shows a Rise in Foreclosure Inventories 8:16 AM: Bernanke-Don't blame easy money for capital swings - RTRS »View All Micro News Around the Web The Fed: Bernanke defends QE2 on global stage Dodd-Frank battle headlines Senate hearing Geithner Says Small U.S. Banks Still Have 'Digging Out to Do' Is the NAR Overstating RE Sales ? New HUD Portal and Appraiser Newsletter Time for Harmony on Mortgage Giants? »View More Around the Web Video News Lenz Sees More New York Luxury Home Buying From Overseas Rice Says U.S. `Miseducating,' Need Technical Skills Mortgage Delinquency Rate Falls »View More Video News Today's Comments "I have already locked what loans I could. I listened to the decIaration that everything is to be gradual though the 10% down in deposit as the minimum..." "Okay who is locking in the gains before tomorrow? Anyone catch that little item in the Fannie/Freddie debacle document about higher down payments? That..." "FHA loans are still very affordable, especially with the low down payment requirements, low interest rates today and automatic mortgage insurance (compared..." »View More Comments Today's Q&A "How do i send extra payment to morgage towards principle only..." "If my agent is selling my home and showing me my new home how..." "What is the quickest and easiest way to transfer complete ownership..." »View More Q&A Today's Forum Discussions "I'm having a panic moment regarding the FHA requirements for documenting funds transfer, etc. I hope someone with experience here can advise me: I..." "Loan Scenario View All Post A Scenario Loan State: Utah Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: $225,000 Property Value: $450..." "Need LO in NM to assist my client with cash-out refinance. Looking for honest, ethical, fair, seasoned, ... etc LO. Please email me if interested. Thanks..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 5.07 0.01 15YR 4.23 0.02 FHA30YR 4.90 0.02 Jumbo30YR 5.75 0.01 5/1ARM 3.68 0.02 MBS Quotes FNMA 3.5 93-15 0-00 FNMA 4.0 97-18 0-01 FNMA 4.5 101-01 -0-03 FNMA 5.0 104-01 -0-03 Treasuries 2 YR 0.7551 -0.0109 3 YR 1.3063 -0.0157 5 YR 2.2705 -0.0045 7 YR 2.9710 -0.0020 10 YR 3.5818 0.0058 30 YR 4.6914 0.0194 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 8.04% Existing Home 12.34% Existing Home -0.09% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031