Todays News Stories:
Economic Forecast: Expectations High, but Less Long-Term Optimism
4/22/2018 12:05 PM
The latest Urban Land Institute (ULI) Real Estate Economic Forecast predicts modest fluctuations across the board for 27 economic/real estate indicators. The three-year forecast is completed semi-annually, surveying over 48 economists and analysts at 36 real estate organizations. A leading concern? Rising interest rates. ULI forecasts interest r...Read More
Wells Fargo Fined $1 Billion for Abusive Insurance, Mortgage Practices
4/22/2018 12:03 PM
The government has handed down a $1 billion penalty to Wells Fargo for abusive consumer practices related to its administering of auto insurance and extensions on mortgage rate locks. In addition to the fine, the bank has been ordered to remediate affected consumers and implement improved practices. In 2017, Wells Fargo acknowledged it had charg...Read More
Is ‘Green’ at a Premium? Depends Where You Purchase
4/20/2018 11:01 PM
Who says you need “green” to get a green home? According to an analysis by®, eco-friendliness is becoming the norm—and being a green homeowner may not be as pricey as thought. While California’s costlier markets have high concentrations of green homes, there are also affordable pockets outside the Golden State—...Read More
Loan Originations: Home Purchases Up
4/20/2018 11:00 PM
Even with increasing interest rates, closed home purchases ticked up 6 percent in March, according to Ellie Mae®’s latest Origination Insight Report. Closed refinances slumped 5 percent. Across the board, closings took 41 days in March, one day less than in February; however, purchases took 43 days, two days less than in February. Clo...Read More
New Data Finds Homeowners Struggle When Selling, Despite Hot Market
4/19/2018 3:01 PM
Twelve days before Thanksgiving, Mark and Sue Meaney decided to put their 109-year-old house on the market. They looked at comps of similar-sized homes near their St. Paul neighborhood, agreed on a price with their agent and waited anxiously for their first offer to roll in. Mark and Sue knew their timing wasn’t ideal. The […] Read More
Technology and Teams: Lead Programs Fuel Statewide Expansion
4/18/2018 3:09 PM
Are you wondering how top producers are utilizing lead generation and other online tools? In the following interview, Thomas Brown of The Agency Texas, a rapidly-growing boutique agency, talks about implementing a lead program that works. Name: Thomas Brown, The Agency Texas Official Title: Founder/Owner Region Served: State of Texas Years in Re...Read More
Across the U.S., Affordability and Inventory Remain Unbalanced
4/18/2018 3:08 PM
Fewer homes are priced within reach today, according to the REALTORS® Affordability Distribution Curve and Score from the National Association of REALTORS® (NAR) and®. Affordability is being challenged by increasing prices and rates, the report states. Affordability is most untenable in California, Hawaii, Montana, Ore...Read More
Get Ready for the Rush: Homes Were Snapped Up in 2017
4/17/2018 3:32 PM
If 2017 is any indication, buyers will be against an all-out frenzy this spring and summer. In 2017, the median listing was snatched up in 81 days—a record, according to data from Zillow. Competition was fiercest in June, with 73 days on-market for the median listing. (Closings are included in the timeline.) In almost every […] The ...Read More
REALTORS® Can Extend Their Liberty Mutual Benefits to Their Clients
4/17/2018 3:29 PM
NAR PULSE—A bonus for your members and savings for their clients—it’s a win-win! The Liberty Mutual Auto Insurance Referral Program™ allows REALTORS® to extend to their clients the same auto insurance savings and benefits that they have through NAR’s REALTOR Benefits® Program. Plus, for every client they refer to Liberty Mu...Read More
Teamwork and Collaboration
4/17/2018 3:26 PM
In the following interview, Todd Priest, broker of HomeSmart PV & Associates in Modesto, Calif., discusses the advantages of the brand, challenges in the market, and more. Region Served: Stanislaus, San Joaquin, Merced and Fresno Counties Years in Real Estate: 28 Number of Offices: 3 Number of Agents: 267 Best Time Management Tip: Keep thing...Read More

Todays News Stories:
Existing Home Sales Beat Headwinds, Score Small Gains
4/23/2018 9:56 AM
Posted To: MND NewsWireExisting-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, townhomes, condos, and coops rose 1.1 percent compared to February, putti...Read More
Events and Webinars; GDP Primer; Rates at 2014 Levels
4/23/2018 8:12 AM
Posted To: Pipeline Press“A billion here, a billion there, pretty soon, you’re talking real money,” was never actually uttered by Illinois politician Everett Dirksen. ("Oh, I never said that. A newspaper fella misquoted me once, and I thought it sounded so good that I never...Read More
MBS Week Ahead: 10yr at 3%: The Most Overrated--Possibly Even Meaningless--Ceiling
4/23/2018 8:03 AM
Posted To: MBS CommentaryI'm going to be surly this week about the way the bond market is covered in the financial media. Many of the articles to which I take exception will appear in the live news stream on MBS Live and Mortgage News Daily. They are there for reference and/or "target practice,&qu...Read More
MBS RECAP: Bonds Surge to Weakest Levels since 2014
4/20/2018 4:14 PM
Posted To: MBS Commentary10yr yields hit the highest levels in more than 4 years this afternoon as bigger-picture selling pressure looks to be taking the reigns back from the Springtime consolidation that helped rates hold steady-to-slightly lower in March. There are no big, obvious reasons for the sudden ...Read More
Mortgage Rates Quickly Approaching 4-Year Highs
4/20/2018 1:18 PM
Posted To: Mortgage Rate WatchLet"s clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or averaged. And while I have no doubt that they are accurately ...Read More
Wells Fargo to Face Largest Fine Yet
4/20/2018 8:27 AM
Posted To: MND NewsWireOnce again Wells Fargo is about to pay dearly for its inability to walk the straight and narrow. The Washington Post , under the byline of Renae Merle, is reporting that the bank is about to be hit with the largest penalty of the Trump administration , perhaps as early as today. A settlement, repor...Read More
MBS Day Ahead: If Rates Keep Moving Higher, It Could Still Be a Head Fake
4/20/2018 8:20 AM
Posted To: MBS CommentaryRates are in the midst of a serious, threatening move higher. Yesterday brought additional confirmation of the end of the friendly Springtime consolidation trend and it took us one step closer to the highest yields in more than 4 years. The specific reasons for yesterday's weak...Read More
MBA"s Compliance Accreditation; Freddie and Fannie Changes Continue
4/20/2018 8:18 AM
Posted To: Pipeline PressDid you know that Wells Fargo gives more assistance and aid to people and communities through its Foundation than any other company in the United States. For example, “the Wells Fargo NeighborhoodLIFT program looks to the future by delivering down payment assis...Read More
MBS RECAP: Bonds Add Exclamation Point to Yesterday"s Breakout
4/19/2018 4:03 PM
Posted To: MBS CommentaryThe break outside what we'll call the "Springtime Consolidation" for bonds started taking shape as early as last week. On Thursday and Friday, yields hugged the upper boundaries of that trend, simultaneously shying away from the sort of positive bounce that would typi...Read More
Mortgage Rates Jump to Highest Levels in About a Month
4/19/2018 3:35 PM
Posted To: Mortgage Rate WatchMortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a friendly, narrow range. This of cou...Read More

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