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
Nitty-Gritty on the HUD & FHA Changes and How Lenders are Handling Them
Mon, 26 Jan 2015 15:42:15 GMT

Posted To: Pipeline PressOne never knows what will cause mass hysteria . Maybe the storm hitting the Northeast? I doubt Ocwen's troubles will cause it, but the industry has watched its stock plummet and chairman resign, its battling with regulators i..[read more]

MBS Day Ahead: 2015 Volatility Continues with Greek Election Reaction and Fed Announcement
Mon, 26 Jan 2015 12:25:15 GMT

Posted To: MBS CommentaryIt's more or less impossible that we'll see any chance in policy stance with this Wednesday's FOMC Announcement, but it's still on the radar as a relevant event. Markets are interested to see how the Fed might..[read more]

Mortgage Rates Move Back toward Long-Term Lows
Fri, 23 Jan 2015 22:15:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were modestly lower today, and are now getting back in line with levels not seen in more than 20 months. Only the last 3 days of last week were any better. That said, the amount of improvement in the mortg..[read more]

MBS RECAP: We've Only Just Begun (to See ECB QE Volatility)
Fri, 23 Jan 2015 22:14:01 GMT

Posted To: MBS CommentarySome time between yesterday's European Central Bank (ECB) announcement and this morning's open, market participants decided to interpret the QE program as buying a fixed amount of bonds of Eurozone countries based on ..[read more]

MBS MID-DAY: Bond Markets Continue Riding ECB Wave
Fri, 23 Jan 2015 17:56:13 GMT

Posted To: MBS CommentaryYou may have the market aphorism that it's easier to ride waves than to swim against them. The post-ECB bond market wave is still in force today with all corners of the bond market gaining ground, but especially the longe..[read more]

Strengthening Economy Expected to "Drag" Housing Along
Fri, 23 Jan 2015 16:47:20 GMT

Posted To: MND NewsWireFannie Mae's economists expect the economy to strengthen in 2015 and that will "drag" housing into a better cycle this year. The company's forecast for the year includes a moderate acceleration of economic growth, "driven by st..[read more]

2015 Housing Opportunities might be Short-Lived
Fri, 23 Jan 2015 16:32:21 GMT

Posted To: MND NewsWireThere is certainly no dearth of economic and housing forecasts afoot in the land. Freddie Mac starts out its current U.S. Economic & Housing Market Outlook by comparing this January with last. Back then, we are reminded, "inter..[read more]

Existing Home Sales End Year on Higher Note
Fri, 23 Jan 2015 16:19:03 GMT

Posted To: MND NewsWireExisting home sales yo-yoed again in December. The National Association of Realtors® (NAR) said total sales of existing homes, including single family residences, condominiums, and co-ops were estimated at a seasonally adju..[read more]

Non-Performing Loan News; CFPB vs. Wells & Chase Has Everyone With MSAs Scurrying
Fri, 23 Jan 2015 15:48:43 GMT

Posted To: Pipeline PressI am in Portland, Oregon today, but I flew, of course, commercial. In things to note, in Davos, Switzerland, where the famous finance folks are, 1,700 private jets were counted. Among other things, the owners were there to di..[read more]

MBS Day Ahead: Bond Markets Set up Technical Defenses After ECB Whipsaw
Fri, 23 Jan 2015 12:34:14 GMT

Posted To: MBS CommentaryIt would be nice if yesterday's European Central Bank announcement had come with an instruction manual that let markets know how to react and at what pace. I haven't seen the analytical community as confused and nonco..[read more]

MBS RECAP: Bond Markets Thread the QE Needle, but What's Next?
Thu, 22 Jan 2015 22:29:06 GMT

Posted To: MBS Commentary10yr yields rocketed from 1.94 to 1.81 after this morning's ECB QE announcement and then leveled off right in between (that's 1.875 for those of you playing along at home). Funny thing about 1.875 is that it is exactl..[read more]

Six Economists Reach Similar Conclusions on 2015 Housing Outlook
Thu, 22 Jan 2015 21:48:49 GMT

Posted To: MND NewsWireOptimism about the housing market has been a "misplaced notion" for the last seven years according to Wells Fargo Senior Economist Mark Vitner, But 2015, he says, could be the year. Vitner was one of six economists making predi..[read more]

Wells Kickback Scheme Involved More Than 100 LOs, Garnered Multiple Warnings
Thu, 22 Jan 2015 21:42:03 GMT

Posted To: MND NewsWireWells Fargo and JPMorgan Chase along with a former Wells Fargo employee and his wife are the subjects of consent orders filed by the Maryland Attorney General and the Consumer Financial Protection Bureau (CFPB). The orders ask ..[read more]

Mortgage Rates Hold Perfectly Steady Despite Massive Underlying Volatility
Thu, 22 Jan 2015 20:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't budge today. That's impressive considering the amount of volatility in financial markets leading up to and following the European Central Bank (ECB) announcement. Markets widely expected the ECB to ..[read more]

MBS MID-DAY: Moderate Losses, but Ample Volatility as Markets Digest ECB
Thu, 22 Jan 2015 18:24:52 GMT

Posted To: MBS CommentaryBy the time this morning's ECB QE announcement hit, there was little doubt about it's existence. Bond markets spent the overnight session continuing yesterday's anticipatory sell-off. One of the key ingredients in..[read more]

Rating Agency Settles; M&A on Fire; Agency News; Europe's Markets Move our Rates
Thu, 22 Jan 2015 15:55:48 GMT

Posted To: Pipeline PressYouth might be wasted on the youth, but maybe not education. MBA Education today announced the launch of Mortgage Banking Bound , a program designed to educate college students about the mortgage banking industry and job oppo..[read more]

MBS Day Ahead: Big Day No Matter What, Including Hilarious, Super-Important Lessons from the Recent Past
Thu, 22 Jan 2015 12:25:07 GMT

Posted To: MBS CommentaryToday is one of those special days for financial markets where we finally come to an event with so much hype that it's a big deal no matter how it goes down. For example, the most dramatic thing the ECB could do today wou..[read more]

Rates Consolidate as Markets Prepare for Big News
Wed, 21 Jan 2015 22:28:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved moderately higher on average today. Recently high volatility in financial markets continues driving stratified pricing strategies. That's a long way of saying that different lenders are adjusting rat..[read more]

MBS RECAP: Frustrating Sell-Off for Bond Markets. Blame Canada?
Wed, 21 Jan 2015 22:23:23 GMT

Posted To: MBS CommentaryThis may be the first time in the history of the MBS Commentary that Canada has made an appearance as a relevant market mover--let alone a headline appearance. It wasn't until I saw the chart below that I really believed ..[read more]

MBS MID-DAY: Snowball Selling After Busy Morning of Unexpected Headlines
Wed, 21 Jan 2015 18:33:19 GMT

Posted To: MBS CommentaryUnexpected headlines have given markets plenty to digest this morning. German bond markets began pushing yields higher right from the start of the overnight session. That was offset by strength in UK bond markets leading up t..[read more]

Residential Construction Tepid in December but Gained Ground in 2014
Wed, 21 Jan 2015 15:40:09 GMT

Posted To: MND NewsWireDecember's numbers for residential construction were mixed when compared to November, but all were better than the monthly figures the previous December. Year-end figures, also released today by the Census Bureau and the Depart..[read more]

MI Update; Eminent Domain Info; MBA Wants You to Write to CFPB re: Rate Checker
Wed, 21 Jan 2015 15:34:47 GMT

Posted To: Pipeline PressA new JPMorgan Chase report indicates that summer jobs for young adults have significantly declined . Less than half of young people (46%) who applied for summer employment were enrolled in 2014 and it's projected that tens o..[read more]

Rates Continue to Stoke Refinancing Surge
Wed, 21 Jan 2015 14:18:15 GMT

Posted To: MND NewsWireApplications for mortgage refinancing scored a second straight week of solid growth during the period ended January 16, with the Mortgage Bankers Associations (MBA) Refinance Index increasing 22 percent week-over-week. That's a..[read more]

MBS Day Ahead: Would ECB QE be Good or Bad for Rates?
Wed, 21 Jan 2015 12:32:07 GMT

Posted To: MBS CommentaryThis question has come up a lot recently, so let's discuss it. What follows will be my take on it, and I have no idea if it will be the right take. That's the nature of this topic though. There are too many moving par..[read more]

Mortgage Rates Mixed to Begin Volatile Week
Tue, 20 Jan 2015 21:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were truly mixed today, with some lenders improving while others moved higher. More than a few were unchanged or close to it. All this despite the fact that broader interest rate benchmarks like 10yr US Tr..[read more]

 © 2015 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design