Seasonal Factors Lift Home Prices. Temporary Gains?

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Jul 26, 2011 2:31PM Seasonal Factors Lift Home Prices. Temporary Gains? Home prices in much of the nation increased in May according to the S&P/Case Shiller Home Prices Indices (HPI) released on Tuesday. May was the second straight month when both the 10 and 20-City composite indices increased. When compared to May 2010, however, only one Metropolitan Statistical Area (MSA), Washington DC, reported an annual increase and that was a modest 1.3 percent. On a non-seasonally adjusted basis, the 10-City Composite increased 1.1 percent in May and the 20-City was up 1.0... Jul 26, 2011 12:04PM New Home Inventory Shrinking as Construction Stagnates The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for June 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. New residential sales estimates only... The Budget Issue & Mortgage Banking; GSE Housing Predictions; Kroll Bond Ratings; LPS Earnings Mortgage Rates: Directional Crapshoot Fannie Mae Downgrades Housing Outlook. Again Politicians Overlook Role of Housing in Economic Recovery Foreclosuregate: Banks Seek Immunity from Civil Lawsuits MBS RECAP: Reprices Reported View: Front Page | Headline Viewer Micro News 3:31 PM: Wednesday's Calendar Slowest of the Week's Remaining Days 3:19 PM: Healthy Day of Gains for MBS and Treasuries. 3:03 PM: Americans Back Mixed Solution for Debt Crisis 1:25 PM: Mild but Positive Reaction to 2 Yr Auction. More Positive Reprices 10:11 AM: ECON: Consumer Confidence Edges up in July 10:09 AM: ECON: New Home Sales Down in June, Prices Up 9:04 AM: ECON: Case Shiller Home Prices Unchanged in May 8:50 AM: Twin Paralyzing Factors Keep Washington Divided - WSJ »View All Micro News Around the Web Behind the Numbers: More Ho-Hum for Housing NHC Calls for Elimination of Downpayment Requirement from QRM Mortgages With MI Found Less Likely to Default Mortgage Interest Deduction Big in Budget Play Mortgage Bankers Reverse Course on Loan Limits Answering Questions on the Mortgage Crisis »View More Around the Web Video News Home Prices Rise, Sales Slip Obama & Boehner: War of Words Double Dose of Housing »View More Video News Today's Comments "If it was me, I would cut my eating out expenditures, maybe cancel my cable, and get a second job - or look to make more money immediately- not down the..." "Gotta love AP- Head line reads.... "Spring buying boosted home prices for 2nd month" followed by, in smaller print "But after adjusting..." "QUOTE OF THE DAY: "We're the healthiest horse in the glue factory" - Erskine Bowles, Co-Chairman of the deficit reduction commission" »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 "Loan Scenario View All Post A Scenario Loan State: Texas Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $550,000 Property Value: $800,000..." "Hello All, I'm new here. For the past few days I have been waiting on when it is the best time to lock in a rate. As of yesterday the rates have dropped..." "I'm a Mortgage Broker looking for funding sources here in California. Do you accept or work with Brokered loan Packages? I generate conforming loans..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.66 -0.02 15YR 3.79 -0.01 FHA30YR 4.36 -0.03 Jumbo30YR 4.99 -0.03 5/1ARM 3.26 0.00 MBS Quotes FNMA 3.5 96-18 0-13 FNMA 4.0 100-22 0-11 FNMA 4.5 103-27 0-08 FNMA 5.0 106-16 0-06 Treasuries 2 YR 0.3913 -0.0247 3 YR 0.6516 -0.0314 5 YR 1.4834 -0.0466 7 YR 2.2232 -0.0488 10 YR 2.9529 -0.0511 30 YR 4.2814 -0.0366 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

Fannie Mae Downgrades Housing Outlook. Again

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Jul 25, 2011 2:21PM Fannie Mae Downgrades Housing Outlook. Again Fannie Mae's Economic and Mortgage Market Analysis for July describes second quarter economic data received so far as "discouraging," and forecasts growth will likely end up at about the same anemic pace as in the first quarter, an annualized rate of 1.9 percent. While the main culprits responsible for the restrained growth are higher gasoline prices and the supply chain disruptions growing out of the cascading disasters following the Japan earthquake, the tepid housing recovery is another reason... Jul 25, 2011 8:30AM The Week Ahead: Debt Debate, GDP, Home Prices, Auctions The debt ceiling debate is expected to be the primary mover of money in the week ahead. There will however be plenty of economic data to digest along the way. We'll hear how the weak June jobs report impacted Consumer Confidence. We'll get an update on home prices and sales. The Federal Reserve's Beige Book will provide an anecdotal summary of economic conditions across the country. Last but not least, a sneak peek at 2nd Quarter GDP numbers will print on Friday morning. And if that wasn't enough... Loan Limit Update; SAFE Act Testing Guidelines; MARS Rule; More Loan Servicing for Sale Mortgage Rates: Uncertainty Still Abundant Lending Opportunity Seen in Home Rehab Biz Politicians Overlook Role of Housing in Economic Recovery Foreclosuregate: Banks Seek Immunity from Civil Lawsuits MBS RECAP: Greek Default Imminent? View: Front Page | Headline Viewer Micro News 3:45 PM: Fuller Economic Calendar Will Provide More Guidance 3:22 PM: Bonds Markets Stem Recent Losses, But Worse For Wear 2:13 PM: Benchmark Treasuries Rise On IIF Official's Comments, Greece News 2:00 PM: Republicans Seek 221474 Trillion Debt Limit Hike 1:12 PM: Regulators Working to Avoid Reliance on Ratings Agencies 1:08 PM: This Week's Treasury Auctions -- Hot or Not? 12:30 PM: Stocks and Bonds Gaining. MBS Doing Better. Reprice Time? 11:20 AM: Moody's Warns Greek Default Almost Certain »View All Micro News Around the Web Study: Three More Years Until Home Building Returns to Trend The Two-Speed Recovery: Consumers Left Behind Mortgages: Sorting Through Lending Costs Rep. Frank: Hope Still Alive for Mortgage-Cap Extension Government Weighs Turning Foreclosures Into Rentals D.C.'s Housing Market: Exceptional No More? »View More Around the Web Video News Fed to Solve US Debt Trouble? NFL Players & Owners Agree on Deal Framework Debt Deadline: The Blame Game »View More Video News Today's Comments "I hear you and everyone else who tells me this Larry. My response is always the same: Let me know when you solve the chain of title issue. It's not..." "@Adam who said: yeh just wait until analysts start poking deeper into bank balance sheets. What's their REO worth???? Lots of over-valued assets on..." "Does anyone know if those lawyers putting ads out there on radio, TV etc saying they can help you get your house back even if it was foreclosed few years..." »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 "Loan Scenario View All Post A Scenario Loan State: Texas Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $550,000 Property Value: $800,000..." "Hello All, I'm new here. For the past few days I have been waiting on when it is the best time to lock in a rate. As of yesterday the rates have dropped..." "I'm a Mortgage Broker looking for funding sources here in California. Do you accept or work with Brokered loan Packages? I generate conforming loans..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.68 0.02 15YR 3.80 0.02 FHA30YR 4.39 0.04 Jumbo30YR 5.02 0.01 5/1ARM 3.26 0.01 MBS Quotes FNMA 3.5 96-06 -0-13 FNMA 4.0 100-12 -0-10 FNMA 4.5 103-19 -0-08 FNMA 5.0 106-10 -0-04 Treasuries 2 YR 0.4157 0.0247 3 YR 0.6835 0.0185 5 YR 1.5297 0.0217 7 YR 2.2720 0.0300 10 YR 3.0043 0.0403 30 YR 4.3184 0.0594 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

Lending Opportunity Seen in Home Rehab Biz

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Jul 18, 2011 2:21PM Lending Opportunity Seen in Home Rehab Biz Two press releases that came out on Monday may point to a new direction for the residential construction market and perhaps for housing policy. Home builders continue to have little optimism about the new home market according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July. The index, floating near its bottom for since October 2008, did rise two points to 15 but this only partially recouped the three point drop seen in June. The NAHB HPI is a composite... Jul 13, 2011 3:04PM Politicians Overlook Role of Housing in Economic Recovery The Chairman of the Federal Reserve today told Congress in his Semiannual Monetary Policy Review that "Households report that they have little confidence in the durability of the recovery and about their own income prospects. Moreover, the ongoing weakness in home values is holding down household wealth and weighing on consumer sentiment." This is not encouraging news for a rapid recovery in America. Ben Bernanke went on to share what the Fed views as looming threats toward positive progress in the... Foreclosuregate: Banks Seek Immunity from Civil Lawsuits Mortgage Rates: Slowly Creeping Higher Housing Starts, Permits Show Unexpected Improvement MetLife Selling Bank Unit, Not Home Loan Biz; Sham Joint Ventures; FHA Recertification Requirements; Wanna Buy Some Servicing Rights? Treasury Explores Plan to Assist Non-Agency Borrowers; Flood Insurance Extension; Mini-Correspondent Programs Home Sales Sag. Contract Cancellations Cited View: Front Page | Headline Viewer Micro News 3:50 PM: Change of Pace for Next Week's Calendar of Events 3:33 PM: Uneventful Day For MBS and Treasuries 2:47 PM: Trichet: Greece Bailout Puts Other EU Members "Ahead of the Curve" 2:38 PM: Greek Deal Gets Mixed Review From Fitch 2:14 PM: Updated and Thorough Overview Recent Debt Deal News 1:37 PM: CFPB Day 1: No Authority Over Payday Lenders 12:43 PM: A Closer Look at How Margin Rules Translate To the Mortgage Market 11:46 AM: More Help for Homeowners? »View All Micro News Around the Web Mortgage Rates and Refinance Activity Government Weighs Turning Foreclosures Into Rentals D.C.'s Housing Market: Exceptional No More? Activist Housing Counselor's Latest Foe: Obama Administration An Affordability Problem Explaining the Methods of Hard-Money Lenders »View More Around the Web Video News Realty Check: Borders Debt Deadline Market Insider: The Dollar Outlook »View More Video News Today's Comments "Does anyone know if those lawyers putting ads out there on radio, TV etc saying they can help you get your house back even if it was foreclosed few years..." "you know to top it off when we got this loan, they just went off of my husbands income, but when I lost my job and we got behind, well they needed my income..." "Hi, I don't see why the banks should have inmunity, even if they want it. I, as a borrower, did not get any help when I was a victim of mortgage fraud..." »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 "I'm a Mortgage Broker looking for funding sources here in California. Do you accept or work with Brokered loan Packages? I generate conforming loans..." "Hello All, I'm new here. For the past few days I have been waiting on when it is the best time to lock in a rate. As of yesterday the rates have dropped..." "Loan Scenario View All Post A Scenario Loan State: Virginia Loan County: --- Loan Type: Purchase Loan Amount: $450,000 Property Value: $750,000 LTV: 60..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.66 -0.02 15YR 3.78 -0.02 FHA30YR 4.35 -0.03 Jumbo30YR 5.01 -0.03 5/1ARM 3.25 -0.02 MBS Quotes FNMA 3.5 96-19 0-11 FNMA 4.0 100-22 0-09 FNMA 4.5 103-28 0-08 FNMA 5.0 106-16 0-06 Treasuries 2 YR 0.3912 -0.0078 3 YR 0.6675 -0.0235 5 YR 1.5082 -0.0378 7 YR 2.2403 -0.0517 10 YR 2.9621 -0.0519 30 YR 4.2575 -0.0545 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