Ron Sutton
Broker/Owner/GRI

Mike Averill
Real Estate Agent


Holly See
R.E.S


David L. Moore
R.E.S

SUTTON REALTY
Phone: 814-827-8822
Email: suttonrealty@zoominternet.net




Real Estate News
Modest Housing Recovery Will Continue -Fannie
Wed, 23 Jul 2014 16:58:12 GMT

Posted To: MND NewsWireThe theme for the economy and the housing market's in 2014 has been set for months; the economy will continue to slowly strengthen; the modest recovery in housing will be sustained . Each monthly or quarterly report or round of..[read more]

Foreclosure Inventory Continues to Shrink but Distressed Loans up
Wed, 23 Jul 2014 16:55:43 GMT

Posted To: MND NewsWireBlack Knight Financial Services said today that both delinquencies and foreclosure starts were up slightly in June. The information was part of the company's “first look” preview of data from its Mortgage Monitor re..[read more]

MBS MID-DAY: Back to Unchanged After Stronger Start
Wed, 23 Jul 2014 16:49:11 GMT

Posted To: MBS CommentaryIn terms of domestic economic data and events, not much has happened today. The key driver of morning gains was the reaction to Bank of England Minutes and comments from BOE Governor Mark Carney. Long story short, all of the ..[read more]

CIT Group to buy OneWest; Thoughts on Non-QM products; Recent Changes in FHA, VA, & HECM
Wed, 23 Jul 2014 14:49:30 GMT

Posted To: Pipeline PressCaptain Obvious likes to say, "Home prices don't always go up." It's probably a cliché at this point, but it's better than the, "Buy as much home as you can afford" of the '00's. Both phrases deserve to be in the Mortg..[read more]

Finally an "Up' Week for Mortgage Applications
Wed, 23 Jul 2014 13:07:42 GMT

Posted To: MND NewsWireNormal 0 false false false EN-US X-NONE X-NONE The Market Composite Index, a measure of loan application volume had its first positive week since June 6 last week, increasing 2.4 percent on a seasonally adjusted basis from the ..[read more]

MBS Day Ahead: Data-Free Day Leaves Bonds to Ponder Long-Term Ranges
Wed, 23 Jul 2014 11:33:00 GMT

Posted To: MBS CommentaryHaving spent the last 4 sessions trading near 2.47%, 10yr yields are operating in an important zone historically. For all intents and purposes, yields have only ever moved decisively through this zone one time without bouncin..[read more]

MBS RECAP: Gains Remain Intact Through Afternoon; Narrow Range Overall
Tue, 22 Jul 2014 20:56:15 GMT

Posted To: MBS CommentaryBond markets didn't put on much of a show today, but what little there was managed to be enjoyable . Credit that to the fact that trading levels made it back into positive territory twice and held steady through the close..[read more]

Mortgage Rates Hold Steady Amid Conflicting Data
Tue, 22 Jul 2014 20:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were unchanged in most cases today, though some lenders were slightly worse. Even then, the difference from yesterday is generally insignificant. MBS (the mortgage-backed securities that most directly infl..[read more]

MBS MID-DAY: Mixed Signals From Econ Data Leave Bonds Just Slightly Weaker
Tue, 22 Jul 2014 16:22:52 GMT

Posted To: MBS CommentaryMBS began the session at a disadvantage after overnight trading pushed bond yields and stock prices higher. At 8:30am, the Consumer Price Index (CPI) data was a bit softer than expected. With the increasingly real conversatio..[read more]

Housing Fundamentals Move In Right Direction, Price Gains Continue
Tue, 22 Jul 2014 15:27:26 GMT

Posted To: MND NewsWireUS Department of Treasury 15.00 Normal 0 false false false EN-US X-NONE X-NONE The pace of existing home sales reached a nine month high in June, topping 5 million units for the first time since last October while there were re..[read more]

Current State of Risk in Mortgage Market; Lots of Upcoming Events
Tue, 22 Jul 2014 13:50:47 GMT

Posted To: Pipeline PressWhat, if anything, is putting a crimp in expected loan production? Perhaps the CFPB's QM rules are indeed restricting residential lending. In one example, here is what the public sees on the narrow QM DTI box . But hey, no on..[read more]

MBS Day Ahead: More on The Calendar Today, but Will it Matter?
Tue, 22 Jul 2014 11:39:43 GMT

Posted To: MBS Commentary2014 has been an interesting year for bond markets. In fact, in terms of its ability to continually confound market expectations, it's been one of the most interesting years of the recovery. This is not because there'..[read more]

MBS RECAP: With Nothing Better to do, Bonds Follow Stocks and Headlines
Mon, 21 Jul 2014 21:36:47 GMT

Posted To: MBS CommentaryIf you haven't heard already (say, like 7 or 8 times from us--both before and after the fact), today's calendar was fairly light for bond markets. In terms of scheduled economic data, there was nothing significant. Th..[read more]

Mortgage rates Steady to Slightly Lower
Mon, 21 Jul 2014 20:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved just barely lower in most cases today, though some lenders were unchanged or slightly higher. It was a slow start to the week as far it concerns the financial markets that underlie rate movements. Th..[read more]

Home Prices to Level Off and Reverse Course Within 2 Years - Analysts
Mon, 21 Jul 2014 18:24:32 GMT

Posted To: MND NewsWireTwo Bank of America Merrill Lynch (BAML) analysts are defending what they call their big high conviction views for what should happen in the housing world over the next two years. Chris Flanagan and Gregory Fitter, ABS and MBS ..[read more]

MBS MID-DAY: With Little Else to Watch, Rates Follow Stocks Lower
Mon, 21 Jul 2014 15:35:34 GMT

Posted To: MBS CommentaryWith no major economic data on the calendar, and no game-changing headlines to react to, bond markets have been content to follow stocks so far this morning. Stocks are weaker and bonds are stronger. There's not much more..[read more]

Home Value Forecasts; Non-QM and Non-Performing Loan Price Action; CMLA on FHFA OIG Report
Mon, 21 Jul 2014 13:47:55 GMT

Posted To: Pipeline PressWhat can you buy on minimum wage? Well, I guess that's a relative question; relative to a number of factors such as where you live, your current monthly expenses, and savings rate; however, I'm going to guess 'not much'. Zill..[read more]

MBS Week Ahead: Limited Data This Week, but Several Housing-Related Reports; Following Week is BIG
Mon, 21 Jul 2014 11:33:43 GMT

Posted To: MBS CommentaryIn many ways, the current week will serve as a prelude to the following week, which is exceptionally packed with big-ticket events . From Wednesday to Friday (next week), we'll get the first look at Q2 GDP, ADP Employment..[read more]

MBS RECAP: As Initial Headline Shock Fades, Bonds Level-Off
Fri, 18 Jul 2014 20:02:12 GMT

Posted To: MBS CommentaryThe amount of geopolitical turmoil in the world today is not materially better than yesterday, but without new surprises to fuel safe-haven demand, bond markets found no reason to extend the rally . That said, if the rally wa..[read more]

Mortgage Rates Hold Steady Despite Market Weakness
Fri, 18 Jul 2014 19:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold their ground today. Some lenders were even in slightly better shape, though there was no change on average. That's somewhat interesting considering the bond markets that most directly affec..[read more]

New Housing Normal; Pent-up Supply and Demand
Fri, 18 Jul 2014 18:40:24 GMT

Posted To: MND NewsWireWhile he has written about some of the elements in the past, Mark Fleming neatly summed up the current state of housing's supply and demand constraints in the latest edition of CoreLogic's Market Pulse. That issue, the company'..[read more]

MBS MID-DAY: Giving Back Some Gains; Mostly Uneventful; Some Reprice Risk
Fri, 18 Jul 2014 16:13:23 GMT

Posted To: MBS CommentarySometimes the 2nd day of a big geopolitical move will spiral into a volatile blaze of glory. Other times, it's like today. Bond markets are calmly marching to slightly weaker levels. The same narrow trend has been intact ..[read more]

Small Lenders Increased Selling Directly to GSEs a Double-Edged Sword
Fri, 18 Jul 2014 15:06:04 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency's Office of Inspector General (FHFA OIG) has released an evaluation of Fannie Mae's and Freddie Mac's (the GSEs) increased recent level of purchases of loans from small banks, credit unions, a..[read more]

More on Appendix Q; Pre-Disclosure Restrictions; CFPB on Complaint Sharing; Big Bank Bankruptcy Plans
Fri, 18 Jul 2014 14:14:18 GMT

Posted To: Pipeline PressDo you have a plan in case you go bankrupt? The "big boys" do! The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank holding companies with total consolidated assets of $50 billion or more and nonba..[read more]

MBS Day Ahead: Basically Just Waiting on Geopolitical Risk; Dangerous Game for Bonds
Fri, 18 Jul 2014 11:31:00 GMT

Posted To: MBS CommentaryAlthough economic data had some small role to play in yesterday's strong bond market rally, the day was really all about geopolitical risk. If we've learned anything about geopolitical risk as a market mover, it's to not rely..[read more]

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