News
Cash-on-cash returns, improving fundamentals, and a narrowing of risk premiums are lifting prices of nonagency mortgage-backed securities. The improvement is contributing to significantly to total returns for the market and its individual subsectors.
Within the nonagency MBS sector, prime...
In just the first week of the Federal Reserve's initiative to acquire additional agency mortgage-backed securities, the open market trading desk in New York saw gross purchases reach $21.9 million.
Total sales for the period reached $1.8 million while...
The number of home sales contracts signed in August fell 2.6% from July as the nation continued to struggle back from one of the deepest housing downturns since the Great Depression, according to National Association of Realtors data.
NAR found the real estate recovery is...
The Federal Reserve’s continued purchase of mortgage securities took the 30-year fixed-rate mortgage down to unchartered territory this week.
The Freddie Mac survey showed the 30-year, FRM averaged 3.4% for the week ending Thursday, breaking through it’s...
Potential homebuyers may be waiting on the sidelines for their dream home to surface at a low, low price, but Pro Teck Valuation Services says data on the shadow inventory proves this may be a misperception.
Rather than having an onslaught of desirable, well-kept homes...
Potential homebuyers may be waiting on the sidelines for their dream home to surface at a low, low price, but Pro Teck Valuation Services says data on the shadow inventory proves this may be a misperception.
Rather than having an onslaught of desirable, well-kept homes...
After weeks of rough jobs data, the labor market received a dose of optimistic news with jobless claims falling by 26,000 filings for the week ending September 22.
Initial jobless claims hit 359,000 last week, down from a revised 385,000 filings a week earlier, the Labor Department said....
An Urban Land Institute survey of 39 economists showed marked improvement in the housing market from March 2012, the last time the survey was conducted.
The issuance of commercial mortgage-backed securities also is expected to rise gradually.
But real estate...
An Urban Land Institute survey of 39 economists showed marked improvement in the housing market from March 2012, the last time the survey was conducted.
The issuance of commercial mortgage-backed securities also is expected to rise gradually.
But real estate...
Gov. Jerry Brown, D-Calif., signed the final parts of the California Homeowner Bill of Rights into law this week.
Brown signed senate bill 1474, giving the California attorney general’s office the ability to use a statewide grand jury to investigate and indict the perpetrators of...
Gov. Jerry Brown, D-Calif., signed the final parts of the California Homeowner Bill of Rights into law this week.
Brown signed senate bill 1474, giving the California attorney general’s office the ability to use a statewide grand jury to investigate and indict the perpetrators of...
Fannie Mae and Freddie Mac completed 129,000 foreclosure prevention actions in the second-quarter, bringing the year-to-date total to 275,100 modifications, the Federal Housing Finance Agency said Wednesday.
Half...
The U.S. economy could fall into recession in early 2013 if Congress fails to stop a looming fiscal cliff made up of automatic spending cuts and tax hikes.
The negative scenario also would stifle gains made in the mortgage finance and housing sectors with...
A proposal to hike guarantee fees on mortgages that Fannie Mae and Freddie Mac acquire in five key states could add another $100 to annual mortgage payments, analyst Sarah Hu with Royal Bank of Scotland ...
Mortgage rates hit new record lows last week, spurring growth in loan application filings.
The Mortgage Bankers Association says applications increased 2.8% for the week ending Sept. 21. The trade group attributes this uptick to a 3% jump in the...