Home Prices Down Seven Months in a Row: Case-Shiller

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Apr 26, 2011 2:43PM Home Prices Down Seven Months in a Row: Case-Shiller Standard and Poor's has released February Case-Shiller Home Price data... S&P/Case-Shiller provides two monthly indices which track the price path of single family homes in a 10-City and a 20-City data base. Each index combines matched price pairs from sales of individual homes. All indices are based on a value of 100 which represents home prices in January 2000. A current index value of 150 percent would translate to a 50 percent appreciation in price since that date. S&P/Case-Shiller provides... Apr 26, 2011 3:54PM Financial Literacy: Is Homeownership Counseling Helpful? Much has been made about the value of homeowner education and counseling both as a way to make homeowners more responsible about obtaining and maintaining a mortgage and a method to assist those who fall behind in their payments. The Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA) has just released a study entitled "Homeownership Education and Counseling: Do We Know What Works?" The idea that financial education for homeowners could have positive outcomes is compelling... Forced Buying Leaves Rates Lower. MBS Lag. Bond Poll Attached Buying a Condo vs. Buying a Single-Family Home; Feedback: Risk Retention & Ability to Repay Mortgage Rates: Cheapest Borrowing Costs in a Month Profits Down at Mortgage Banks in Q4 2010 New Home Sales Follow Building Permits Higher in March MBS RECAP: 4/26/2011 View: Front Page | Headline Viewer Micro News 4:44 PM: The Week's Main Event Arrives Tomorrow 4:04 PM: ECON CHARTS: Home Price Appreciation Rates Since 2000 3:58 PM: Affordable Rental Housing Scarce in U.S., Study Finds 1:29 PM: Reprices For The Better as MBS hit New Highs 1:02 PM: DATA FLASH: 2yr Treasury Note Auction Results 10:01 AM: DATA FLASH: Consumer Confidence 65.4 in April 9:01 AM: DATA FLASH: Case Shiller Fall For 7th Month 8:36 AM: Freddie Mac's Monthly Volume Summary »View All Micro News Around the Web Housing Starts, Composites vs 2007-11 Cycle Bail Bond Agents Feel Pain of Housing Crash Study: Rental Affordability Worsens After Recession Report: Healthy First Quarter for Office Leasing Study: 26 percent of renters spend over half their income on housing To Deter Foreclosures, California Weighs New Fee »View More Around the Web Video News Renting: The New American Dream Case Calls U.S. Midwest Home Price Volatility a `Puzzle' Using REITs As A Hedge Against Inflation »View More Video News Today's Comments "great post, these are the usual suspects from last year saying rates will be 5.75 by years end, maybe they will be, maybe they wont. No reason to float..." "No offense to the 7am release of MBA mortgage Apps or even the 830am Durable Goods Orders, but tomorrow's, and perhaps the entire week's main event..." "Housing: NO Recovery At all. "The S&P/Case-Shiller index of property values in 20 cities fell 3.3 percent from February 2010, the biggest year..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Huge and need thing is this to produce a happy family and some best relatives and enjoy everything in it. Some people might want to travel with family;..." "WHO : Homeowners from North Carolina and other states who have an unaffordable mortgage. WHAT : 4 day FREE mortgage modification event. NACA's Save..." "Hello All, Now that we all have an idea of what the "New World" looks like I am looking for feedback. I am primarily interested in how retail..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.82 -0.03 15YR 4.12 -0.05 FHA30YR 4.64 -0.02 Jumbo30YR 5.42 -0.06 5/1ARM 3.48 -0.01 MBS Quotes FNMA 3.5 94-30 0-12 FNMA 4.0 99-05 0-10 FNMA 4.5 102-17 0-07 FNMA 5.0 105-08 0-05 Treasuries 2 YR 0.6070 -0.0330 3 YR 1.0676 -0.0514 5 YR 2.0122 -0.0548 7 YR 2.6907 -0.0543 10 YR 3.3089 -0.0541 30 YR 4.3923 -0.0637 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% 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

Profits Down at Mortgage Banks in Q4 2010

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Apr 25, 2011 10:53AM Profits Down at Mortgage Banks in Q4 2010 Declining secondary marketing income driven by rising interest rates eroded profits at independent mortgage banks and their subsidiaries during the fourth quarter of 2010. According to the Mortgage Bankers Association's (MBA) Mortgage Bankers Performance Report those profits dropped to an average of 208460,082 per loan from 208460,423 in the previous quarter. However, in the fourth quarter of 2009 the figure was $890. A total of 321 institutions, 310 of which reported residential production business, responded... Apr 25, 2011 11:42AM New Home Sales Follow Building Permits Higher in March The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for March 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. A house is considered sold when... The Week Ahead: FOMC, Treasury Auctions, Q1 GDP, Much More... FICO Scores & Strategic Defaults; Older Vintage Jumbo RMBS Downgraded; Call Report Q&A; Industry Jobs Mortgage Rates: Wait and See Mode Fed Proposes TILA Amendments. Includes Fee Cap Financial Literacy: Your Best Defense Against Predatory Lending MBS Recap: Slowest Day of Year View: Front Page | Headline Viewer Micro News 4:14 PM: First TSY Note Auction Tomorrow, and More Potent Econ Data 2:59 PM: Volume and Volatility Extremely Low 1:53 PM: Stock Lever Remains Disconnected. MBS Still Near Highs 1:05 PM: TSY Resistance Limits MBS Gains, But Positive Reprices Possible! 12:18 PM: Multifamily and Commercial Lending Up 44% in 2010 11:06 AM: MBS at Best Levels, TSYs Improve as Stocks Weaken 10:01 AM: New Home Sales Beat Consensus but Remain Depressed 8:40 AM: Slow Start to what Should be a Busy Week »View All Micro News Around the Web March Survey: Almost half of housing market is now distressed properties Economists React: New Home Sales Foreclosure Side Effect: Bidding Wars Are Appraisers Too Independent For Their Own Good? 'Optimism' In Housing? Cheapest Homes in 40 Years? Not Even Close… »View More Around the Web Video News The Real Cost of Higher Gas Real Estate Snapshot Bernanke to Meet the Press »View More Video News Today's Comments "Frank, First, reinstate Glass/Steagall. A simple 39 page bill vs. the 2000 + page Dodd/Frank mess. We know Dodd/Frank is TBTF friendly because the banks..." "Don/George--You continue to dodge this question every time you start a thread of posts. Don/George--once you tear it all down--the entire monetary infrastructure..." "Your industry will not cease to exist; there will just be increased automation, and there will be less and less need for a loan middleman. I don't..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Huge and need thing is this to produce a happy family and some best relatives and enjoy everything in it. Some people might want to travel with family;..." "WHO : Homeowners from North Carolina and other states who have an unaffordable mortgage. WHAT : 4 day FREE mortgage modification event. NACA's Save..." "Hello All, Now that we all have an idea of what the "New World" looks like I am looking for feedback. I am primarily interested in how retail..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.85 -0.03 15YR 4.17 -0.02 FHA30YR 4.66 -0.01 Jumbo30YR 5.48 -0.02 5/1ARM 3.49 -0.01 MBS Quotes FNMA 3.5 94-18 0-09 FNMA 4.0 98-28 0-08 FNMA 4.5 102-10 0-08 FNMA 5.0 105-03 0-06 Treasuries 2 YR 0.6398 -0.0202 3 YR 1.1186 -0.0344 5 YR 2.0672 -0.0418 7 YR 2.7452 -0.0348 10 YR 3.3627 -0.0323 30 YR 4.4563 -0.0097 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% 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

Mortgage Rates: High-Risk Event Ahead

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Apr 22, 2011 11:07AM Mortgage Rates: High-Risk Event Ahead Mortgage rates are unchanged today as bond markets are closed for Good Friday. Yesterday, wewrote that loan pricing was in a holding pattern until next week when the market faces a high-risk event, a Federal Reserve meeting. We expect this event to better dictate the direction of mortgage rates in the short-term. "Holding pattern" doesn't necessarily provide an accurate bias regarding locking or floating as it would tend to suggest some sort of 50/50 scenario with equal chances of rates moving higher... Apr 22, 2011 9:40AM Insider Perspective: Reg Z Reform, Compliance Procedures, Realtor Pay For anyone out there who thinks the mortgage biz in the US has become confusing, spend 15 seconds scrolling down this story on establishing the mortgage business in Saudi Arabia. "The Saudi government target is for 80 percent home ownership by Saudi citizens by the year 2024..." Sound familiar? SaudiMortgageProposals MetLife Home Loans has recently been increasing its market share, especially in the wholesale channel, so yesterday's announcement that it was "consolidating" its fulfillment centers... Fed Proposes TILA Amendments. Includes Fee Cap Fannie Mae Outlook: Economy Hits Air Pocket Financial Literacy: Your Best Defense Against Predatory Lending MBS Benefit from Lack of Lock Volume. TSY Short Covering Seen Existing Home Sales Still Hindered by Uber Tight Lending Regs Jump in Building Permits Hints at Uptick in New Home Sales View: Front Page | Headline Viewer Micro News 8:45 AM: BOND MARKET CLOSED FOR GOOD FRIDAY 2:13 PM: FOMC Announcement, Auctions, And Renewed Economic Activity 12:29 PM: FHFA Home Price Index Down 1.6% Jan to Feb 12:18 PM: Government Mortgage Guarantees Are Unnecessary: Opinion 11:49 AM: Odd Reprices for Worse Reported. Why? 11:34 AM: Fannie Shares Nervous Econ Outlook. Downgrades GDP 10:30 AM: Home buyers try to beat "jumbo" loans squeeze 8:34 AM: DATA FLASH: Jobless Claims Remain Over 400,000 »View All Micro News Around the Web Foreclosures: Is the Worst Behind Us? Home Buyer Traffic Up Many Borrowers Lack Mortgage Knowledge Other House Price Indexes Bernanke Plans to Make Voice Heard CME Plans Contract on Government Yield Spreads »View More Around the Web Video News Radar Logic's Feder Says Housing May `Bounce Along' Sloan Says `Choppy' U.S. Growth Headwind to Wells Fargo Former Fed Insider »View More Video News Today's Comments "Interest rates are still being held artificially low which, in turn, is keeping residential real estate artificially high. The bubble was not allowed to..." "Warren, C'mon--if you've done research (Presidential Financial Literacy 2008 report), you know the findings show financial literacy needs to be..." "Hey, now there's a novel concept - maybe you should understand what it is your signing for before you actually sign it. No, self reliance would be..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Hello All, Now that we all have an idea of what the "New World" looks like I am looking for feedback. I am primarily interested in how retail..." "This stylish guitar established fact next to outstanding titles (be aware) golf ball, golf ball and so forth. With lots of enthusiasts, there are plenty..." "Anyone know of a lender that can do vacant land loan in WI?" »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.88 0.00 15YR 4.19 0.00 FHA30YR 4.67 0.00 Jumbo30YR 5.50 0.00 5/1ARM 3.50 0.00 MBS Quotes FNMA 3.5 94-09 0-01 FNMA 4.0 98-20 0-02 FNMA 4.5 102-02 0-01 FNMA 5.0 104-29 0-02 Treasuries 2 YR 0.6603 -0.0086 3 YR 1.1535 -0.0056 5 YR 2.1090 -0.0054 7 YR 2.7800 -0.0151 10 YR 3.3945 -0.0095 30 YR 4.4665 0.0037 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% 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