Ron Sutton

Mike Averill
Real Estate Agent

Holly See

David L. Moore

Phone: 814-827-8822

Real Estate News
MBS RECAP: Super Flat Day Signals an End to Week-Long Consolidation
Wed, 22 Oct 2014 20:47:22 GMT

Posted To: MBS CommentaryWhen you see the word " consolidation " in market analysis--especially with respect to movement in securities prices/yields--it might as well read "correction." Simply put, a consolidation is the diffusion of the volatility. ..[read more]

Mortgage Rates at a Standstill, but not for Long
Wed, 22 Oct 2014 20:15:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had their single flattest day since October 2nd today. This is the polar opposite of last week's exceptional volatility. The most interesting thing about it is that this is the way rates typically respond ..[read more]

Freddie Mac Economists Prescribe L.I.F.T. for Economy
Wed, 22 Oct 2014 19:26:38 GMT

Posted To: MND NewsWireFrank E. Nothaft and Leonard Kiefer, Freddie Mac's chief and deputy chief economists have come up with a formula for lifting the economy from its continuing low-growth status to a trajectory of robust sustainable growth. And th..[read more]

MBS MID-DAY: Back Near Unchanged Levels After Morning Volatility
Wed, 22 Oct 2014 17:32:45 GMT

Posted To: MBS CommentaryHere's a two-part chart that does a nice job of framing today's activity in both a longer and shorter term perspective. As you can see, we definitely had some bond-market-specific weakness this morning. Unfortunately ..[read more]

Elizabeth Warren Goes After Lenders; Ocwen vs NY Continues
Wed, 22 Oct 2014 14:49:17 GMT

Posted To: Pipeline PressIf I was going to build a house, I'd want to make sure it was on the right lot. For some folks that doesn't work out so well - thanks to Ali F. for sending this in. As the MBA's conference wraps up today in Las Vegas without ..[read more]

Best Week of Year for Refis; MBA sees Purchase Loan gains Next Year
Wed, 22 Oct 2014 12:52:55 GMT

Posted To: MND NewsWireFalling interest rate precipitated a major refinancing rally during the week ended October 17 even though Columbus Day shortened the business weeks in some locations. The Mortgage Bankers Association's (MBA's) Refinance Index j..[read more]

MBS Day Ahead: One Reason Bonds Might be Close to Rallying Again
Wed, 22 Oct 2014 11:36:11 GMT

Posted To: MBS CommentaryIt's been a pretty boring and consolidative week for bond markets so far, so let's have some fun. What follows is essentially a bullish case for bond markets, and you should be aware of some caveats before we begin. 1..[read more]

MBS RECAP: Bond Markets Holding up Well Against Stock Market Strength; MBS Better Still
Tue, 21 Oct 2014 21:14:34 GMT

Posted To: MBS CommentaryIt turned out to be an exceedingly uncomplicated day for Treasuries by the time US trading hours rolled around. Before that, yields moved sharply higher in the overnight session after news of potential ECB corporate bond buyi..[read more]

Mortgage Rates Sideways to Slightly Higher
Tue, 21 Oct 2014 20:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continue to bide their time , holding just under 4 percent on average. Some borrowers might see their quote move up .125% from yesterday, but others will be quoted the same rate with slightly higher closin..[read more]

No Surprise: Final QRM Rule Closely Follows QM
Tue, 21 Oct 2014 19:03:02 GMT

Posted To: MND NewsWireFinancial regulators on Tuesday finally released the final rule defining Qualified Residential Mortgages (QRM). The definition is intended to determine which loans are exempt from the risk retention requirements of the Dodd Fra..[read more]

MBS MID-DAY: Bond Markets Improving Despite Stronger Data and Stocks
Tue, 21 Oct 2014 16:10:06 GMT

Posted To: MBS CommentaryThis morning's day ahead commentary asked "will bonds continue to defy stocks?" The answer appears to be an emphatic " yes !" The S&P is up well over 20 points from opening levels and right around 30 points from yesterday..[read more]

Existing Homes Selling at Year's Fastest Pace
Tue, 21 Oct 2014 15:44:55 GMT

Posted To: MND NewsWireExisting home sales, which ended four straight months of gains with a 1.8 percent decline in August, bounced back in September the National Association of Realtors® (NAR) said today. Sales increased 2.4 percent to a seasona..[read more]

NY Finally has its own MBA; Accronym Update: QRM, NMLS, CFPB, FHFA, & HUD
Tue, 21 Oct 2014 14:57:41 GMT

Posted To: Pipeline PressI was dealt a serious setback yesterday here at the MBA conference, being held in the immense Four Seasons, Mandalay, Delano, conference center complex. While among the slot machines (the two that stand out are "Pirate's Boot..[read more]

MBS Day Ahead: Will Bonds Continue to Defy Stocks?
Tue, 21 Oct 2014 11:34:04 GMT

Posted To: MBS CommentaryWill bond markets be able to hold their ground if equities make more meaningful gains today? I don't know but they did yesterday, and it was the best such performance since mid September. In fact S&P futures were up over ..[read more]

MBA's Stevens: No Sense Pining for the way it used to be
Mon, 20 Oct 2014 21:02:37 GMT

Posted To: MND NewsWireDavid Stevens, President of the Mortgage Bankers Association (MBA), told an audience attending the association's s annual convention in Las Vegas that the rules for Qualified Residential Mortgages will be, as rumored, released ..[read more]

MBS RECAP: Bond Markets Refreshingly Resilient Against Stock Market Gains
Mon, 20 Oct 2014 20:59:35 GMT

Posted To: MBS CommentaryTreasuries and MBS didn't end up making much progress today. Fannie 3.5s are only 2 ticks higher than they were at the close on Friday and 10yr yields aren't even 1bp lower. But bond markets were still arguably succes..[read more]

Watt Focuses on Reps/Warrants; 97% GSE Loan Mentioned Only in Passing
Mon, 20 Oct 2014 20:31:44 GMT

Posted To: MND NewsWireFederal Housing Finance Agency (FHFA) Director Melvin L. Watt focused his remarks to attendees at the Mortgage Bankers Association annual conference on the issue of representation and warranties. He acknowledged that fears of b..[read more]

Mortgage Rates Holding Under 4 Percent
Mon, 20 Oct 2014 19:32:00 GMT

Posted To: Mortgage Rate WatchMortgage rates returned to levels best characterized as "under 4 percent" today after drifting higher on Friday. Last Wednesday was the first foray into the "high 3's" in more than 16 months. Not every scenario will be s..[read more]

Mortgage Credit: Loose, Tight, or Just Right?
Mon, 20 Oct 2014 18:13:50 GMT

Posted To: MND NewsWireEarlier this year the Mortgage Bankers Association (MBA) began releasing its Mortgage Credit Availability Index , a measure of how "loose" or "tight" mortgage credit is when compared to the previous month or year. In an article..[read more]

MBS MID-DAY: Bond Markets Holding Near Unchanged Levels After Stronger Morning
Mon, 20 Oct 2014 16:47:40 GMT

Posted To: MBS CommentaryTreasuries were moderately stronger overnight resulting in positive opening levels for MBS. Both continued to improve until the 9:30am stock market open. This continues to be the most active time of day for bond markets as st..[read more]

Non-QM and Expanded Products; If Agencies go to 97% Will Lenders and MI Companies Follow?
Mon, 20 Oct 2014 13:57:13 GMT

Posted To: Pipeline PressI brought a set of workout clothes to the MBA conference, which turned out to be a waste because we're all burning lots of calories dashing to meetings in this immense hotel-conference center. I decided to venture into the Bu..[read more]

MBS Week Ahead: Slow Week For Economic Data; High Stakes For Bond Markets
Mon, 20 Oct 2014 11:29:02 GMT

Posted To: MBS CommentaryWith a few more days between us and last Wednesday's epic bond market snowball, bigger media outlets have begun pondering said epicness. That's not necessarily a bad thing as it will give us a chance to review what we..[read more]

MBS RECAP: MBS Outperform Treasuries; Lenders Remain Cautious; Still in the Game
Fri, 17 Oct 2014 21:34:19 GMT

Posted To: MBS CommentaryMost days with modest gains in MBS would see similarly modest improvements in rate sheets. While there were a handful of positive reprices in the afternoon, they were working against very conservative morning pricing, leaving..[read more]

Mortgage Rates Mixed to End Wild Week
Fri, 17 Oct 2014 19:58:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved slightly higher today, continuing a pull back from the best levels in 16 months on Wednesday. That said, apart from the first 3 business days of this week, today's rates would also qualify as th16-mo..[read more]

Quarterly Foreclosure Rate Rises for 1st Time in 3 Years
Fri, 17 Oct 2014 18:06:02 GMT

Posted To: MND NewsWireOne has to hope that foreclosure data reported on Thursday by RealtyTrac is a sign that states are wrapping up the foreclosure crisis that has been ongoing since 2008, not that it signals further trouble in the housing sector. ..[read more]

 © 2014 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design