RISMEDIA, March 11, 2010?RealtyTrac, a leading online marketplace for foreclosure properties, released its February 2010 U.S. Foreclosure Market Report, which shows foreclosure filings?default notices, scheduled auctions and bank repossessions?were reported on 308,524 U.S. properties during the month, a decrease of…
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When Your Commercial Loan Comes Due
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Determining Maximum Purchase Price (MPP)
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Higher Foreclosure Sales Expected By 2012
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The Best Mortgage Program Ever?
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The American People and Hard Times
Posted To: MBS Commentary
This is always the question right? I mean, after all, we already know what is available on our rate sheets at the moment, but the most valuable question always asks for tomorrow's MBS prices today. Forgetting for a moment that you'll usually LOSE more money thinking that way than you'll make, let's suspend GUTFLOP and see if we have any hints at tomorrow's action according to today's events. First, the fundamental arguments... What do we know? 10yr auction built up a decent concession going in and stopped pretty much on the screws (meaning that rates went up ahead of the auction, then we saw strong demand at those rates) Strong demand AT THOSE RATES is evidenced by the relatively high "offers accepted at high" metric from the auction, meaning that most of the...(read more)Posted To: Mortgage Rate Watch
Much like Monday, yesterday was a data-less day in the marketplace, leaving me at a loss for words and new guidance. Mortgage-backed securities prices did managed to move higher following a very strong 3 year Treasury debt auction, unfortunately MBS price appreciations were not strong enough to warrant reprices for the better and lenders left mortgage rates unchanged on the day. The economic calendar picked up today, but not much. This morning the Mortgage Bankers Association released their Weekly Loan Applications Index. The MBA survey covers over 50 percent of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates an increase...(read more)Posted To: MBS Commentary
Heading into the 5pm "what a slow day in the mortgage market" marking period... The FN 4.0 is -0-03 at 98-01 yielding 4.189% and the FN 4.5 is flat on the day at 101 the rock yielding 4.39%. The secondary market current coupon is 4.33%. The CC yield is 61bps over the 10yr TSY note yield and 58.6 basis points over the 10 yr swap rate. Static current coupon yield spread valuations are TIGHTER AGAIN! Holy relentless yield spread tightening! LOOK HOW SIDEWAYS FN 4.5 PRICES WERE TODAY! The MBS NINJA shares his thoughts on the recent stability of "rate sheet influential" MBS coupons in the face of rising benchmark yields: Mortgages, trading in the secondary market (soon to filter back to the primary and rate sensitive one), are tightening daily as more money is put to work along...(read more)Posted To: MND NewsWire
American consumers are now defaulting on their mortgages in even greater numbers than they are walking away from credit card debt. According to FICO's® Score Trends Service, this is a phenomenon that is historically unique. FICO said the mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate. There is a parallel rise in mortgage delinquencies for these high scoring consumers. The company said that their analysis of trends in FICO scoring shows that recent repayment behavior has shifted significantly from what has historically been expected. In 2005 bankcard accounts were more than 3 times more likely to become seriously delinquent, that is 90+ days...(read more)Posted To: MBS Commentary
10 year auction has impressive demand, but at higher rates. 3.45 Bid To Cover, but 3.735 % high yield with 70.94% of the bids at high yield MBS and Treasuries both slightly better on the announcement 4.5's are now down only 2 ticks on the day at 100-29 and 10yr yields are back down to 3.72+ from 3.74+ Here is a breakdown of the auction results: 9-YR 11-MO NOTES YIELDS High 3.735 pct Median 3.700 pct Low 3.636 pct PRICE/ACCEPTANCES Price 99.090493 Accepted at high 70.94 pct Bid-to-cover ratio 3.45 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 21,000,013,800 Total public bids tendered 72,466,493,000 Competitive bids accepted 20,829,510,800 Noncompetitive bids accepted 70,503,000 Fed add-ons 248,452,700 Primary Dealer Tendered 49,661,000,000 Primary Dealer Accepted 9,857,410,000 Primary...(read more)Most of us are aware that Facebook is the dominant force when it comes to social platforms. But did you know that Facebook is nipping on the heels of Google in regards to Internet dominance? Here are some Quick Facts (according to Facebook , Alexa.com and Compete.com):
Facebook is the #2 website globally in total page views behind Google; should pass Google in first half of 2010. At 30%, Facebook has the same global reach that Google had 1 year ago. Both Google [...]Is there an ideal day to put your house on the market? It feels like deciding on the right time to have a baby. It’s never a good time. You just do what you gotta do. For me it’s one more thing to deal with in the life of a mother of young children. My husband and I work full time outside the home, and our weekends are often packed with social activities and errands. We don’t really have time [...]
Company gives real estate brokers and agents a smarter, easier way to build business on the world?s largest social platform
SAN FRANCISCO, MARCH 4, 2010 — Roost, Inc. (www.roost.com), a real estate technology company that displays over four million real estate listings and provides advertising solutions to real estate agents and brokers, announced today that it has launched a beta version of its new Facebook application, Social Real Estate?. The Roost application, which creates [...]
Situated in Fairfax County, Springfield, Virginia is host to over 30,000 people. It is an unincorporated community that is broken down into three specific areas ? North Springfield, West Springfield and Springfield. It also includes a large portion of Newington. All of the areas combined make up what is officially titled Springfield.
Founded in 1847 as a railroad station, Springfield later became a major retail destination. The town is home to several regional shopping centers. Springfield Mall houses the DMV where [...]
Stevenson, Washington is the seat of Skamania County with a population of 1,200. Incorporated in 1907, the town has lots to brag about. It?s got drop-dead gorgeous scenery, enough outdoor activities to fill a novel and it?s just one of the darnedest nicest places to live.
?Make tracks to Washington?s side of the gorge? is the moniker on the town?s website, and, with all its amenities, it?s no wonder why. Here, you?ll find county government at its finest in the county [...]
Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country.
NYT: The Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
Professional success often requires some degree of sacrifice. Surprisingly, one of those sacrifices might include moving to the outskirts of some big cities.