Home >> Tag Archives: Investors (page 31)

Tag Archives: Investors

2014 Forecast: New Year to Bring Mixed Trends

The forecast for 2014 includes a few bright spots, a couple of looming clouds, and some normalcy expected to precipitate the market, Realtor.com says in its outlook for the new year. Among the bright spots are the rising tide of positive equity and abating foreclosures. While 2.5 million homeowners rose from underwater during the year's second half, 7.1 million homeowners remain below water. However, "[t]he good news is that prices are expected to continue rising in 2014, which will lift more homeowners into positive territory."

Read More »

NAR Chief Economist Recounts a Year of Surprises

The housing recovery continued as expected in 2013, but that's not to say there weren't a few surprises. "[T]he recovery accelerated a lot faster than we anticipated, which was great for sellers and for the 75 million homeowners who saw their home values appreciate," said Lawrence Yun, chief economist for the National Association of Realtors (NAR), in a post titled "7 Housing Trends for 2013." Another surprise for Yun was the large portion of cash purchases.

Read More »

2013 in Review: The Consumer Financial Protection Bureau

CFPB

Mortgage industry commentators may argue (and they certainly have) about the Consumer Financial Protection Bureau's (CFPB) performance over the last year, but one thing is certain: The bureau knows how to command headlines. Early this year, CFPB finally issued its long awaited Qualified Mortgage (QM) guidelines along with a slew of other finance regulations. With the future of housing finance on the line, it's no wonder readers of theMReport.com couldn't tear themselves away from the news.

Read More »

Existing-Home Sales Continue to Spiral Down

The National Association of Realtors (NAR) calculated an adjusted annualized sales rate of 4.90 million for existing homes last month, representing a drop from 5.12 million in October and 4.96 million in November 2012. According to the group, it was the first time in 29 months that sales fell below year-ago levels. Singling out single-family home sales, transactions were at an adjusted pace of 4.32 million, down 3.8 percent month-over-month and 0.9 percent year-over-year.

Read More »

Mortgage Rates Little Changed in Wake of Taper Announcement

For all the Sturm und Drang surrounding discussions of the Federal Reserve slowing down its monthly asset purchases, mortgage rate movements were somewhat subdued this week leading up to Wednesday's announcement of cuts to the stimulus program. Freddie Mac reported small rate jumps for the week ending December 19, with the 30-year fixed-rate mortgage (FRM) average inching up to 4.47 percent (0.7 point) from 4.42 percent previously. Last year, the 30-year FRM averaged 3.37 percent.

Read More »

Flagstar to Sell $40.7B in Servicing Rights to REIT

Flagstar Bancorp, Inc., announced a deal with Matrix Financial Services Corporation, a subsidiary of Two Harbors, an REIT. According to Flagstar's announcement, the agreement covers the sale of $40.7 billion in unpaid principal balance on residential MSRs, an amount making up about 55 percent of Flagstar's mortgage loans "serviced-for-others" portfolio. The pool of loans covered in the deal is made up of loans originated mostly after 2010 and serviced for Fannie Mae and Ginnie Mae, the announcement says.

Read More »

Ginnie Mae Begins First Phase in Modernizing Securitization Platform

Ginnie Mae, a government corporation focused on ensuring liquidity to support mortgage lending, announced the start of the first phase in its initiative to modernize its securitization platform. The plan kicked off with the release of four new systems applications for issuers: Request for Pool Numbers, Request for Commitment Authority, Submission of Master Agreements for Certification and Recertification, and Request Transfer of Issuer Responsibility.

Read More »