Joan Capria

Joan Capria
Direct: 845-417-8550
Fax: 845-679-0024
joan@joancapria.com




Real Estate News
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]

CFPB Servicing Transfer Clarifications; Good Start but more needed
Fri, 17 Oct 2014 18:03:33 GMT

Posted To: MND NewsWireOver the last year or so mortgage servicers have transferred a number of large mortgage portfolios to other servicers. Beyond the selling of mortgage servicing rights (MSR), many of the transfers have been from large traditiona..[read more]

American Housing Survey - Everything you need to know
Fri, 17 Oct 2014 18:03:07 GMT

Posted To: MND NewsWireThe Department of Housing and Urban Development has released the first wave of data from the 2013 American Housing Survey (AHS) . It is a massive treasure trove of virtually everything virtually anyone might want to know about ..[read more]

Construction Activity Boosted by Multifamily Sector
Fri, 17 Oct 2014 17:36:35 GMT

Posted To: MND NewsWireIncreases in construction permits, starts, and completions for multifamily housing stand out from an otherwise lackluster batch of construction data issued on Friday by the U.S. Census Bureau and the Department of Housing and U..[read more]

MBS MID-DAY: Proof that European Growth Concerns Are The Only Game in Town Today
Fri, 17 Oct 2014 17:21:47 GMT

Posted To: MBS CommentaryToday has been the calmest day of the week so far, which isn't saying too much considering the previous 3 days were the most volatile of the year. 10yr yields drifted as low as 2.12 overnight and were then jolted higher t..[read more]

USDA Back; Compliance Costs, White Paper and Training; LoanDepot and Mortgage Master
Fri, 17 Oct 2014 15:31:11 GMT

Posted To: Pipeline PressZillow most recently published research indicating that a recession negatively affects the housing industry due to a decrease in employment opportunities and earning potential for young adults. Zillow analyzed the homeownersh..[read more]

MBS Day Ahead: Sometimes You Have to Wait Before Really Finding Out
Fri, 17 Oct 2014 11:36:02 GMT

Posted To: MBS CommentaryIt's tempting to draw conclusions based on what seem like clear signals in markets. Clearly stocks and bonds have been in tune with each other and stocks were clearly doing something different to start the week (clear eno..[read more]

MBS RECAP: Bonds Weaker, But Not Enough to Confirm a Reversal
Thu, 16 Oct 2014 21:31:32 GMT

Posted To: MBS CommentaryAfter the sorts of big movements seen yesterday, it's not uncommon to get an equally big movement back in the other direction. That may well have been the case had it not been for the uncommonly sharp same-day reversal ye..[read more]

Mortgage Rates Slightly Higher; Still Near 16-Month Lows
Thu, 16 Oct 2014 19:31:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were forced to give back some of the tremendous improvements seen yesterday as financial markets corrected after the wild swing. Apart from the past two days, today's rates are the best in 16 months, and i..[read more]

Cash Sales Dwindle, Concentrated in REO Market
Thu, 16 Oct 2014 17:28:32 GMT

Posted To: MND NewsWireThe share of home purchased with all-cash is continuing to drop, but even with a -3.0 percentage point change between July 2013 and July 2014 they still make up nearly a third of all sales. CoreLogic said today that 32.9 percen..[read more]

Relaxed QRM Rules Expected Next Week
Thu, 16 Oct 2014 16:57:52 GMT

Posted To: MND NewsWireFederal regulators may finally produce the long anticipated market standards for Qualified Residential Mortgages (QRM), perhaps even as early as next week. The new rules are designed to ensure the quality of mortgages that are ..[read more]

Builder Confidence Loses Steam after Four Months of Gains
Thu, 16 Oct 2014 16:50:52 GMT

Posted To: MND NewsWireThe National Association of Home Builders (NAHB) said on Thursday that sentiment among its new home builder members reversed course in October, with few of those responding to its monthly survey viewing the current market for n..[read more]

MBS MID-DAY: Bond Markets Fighting to Hold Weakest Levels
Thu, 16 Oct 2014 16:14:44 GMT

Posted To: MBS CommentaryMBS and Treasuries are essentially at their weakest levels of the past two days, fighting to hold that ground against a rebounding stock market and weak European bond market. Both have taken their toll so far this morning. Th..[read more]

HOA Foreclosure News; QRM Update; Volatility's Impact on Lenders
Thu, 16 Oct 2014 14:24:12 GMT

Posted To: Pipeline PressOutside of California's Santa Clara Valley, the words "Affluent" and "Millennial" aren't used too often together. But it turns out that when affluent millennials receive their inheritance, the odds are about 50/50 that they k..[read more]

MBS Day Ahead: Blame Game and the Road Ahead
Thu, 16 Oct 2014 11:32:01 GMT

Posted To: MBS CommentaryOne blessing and curse associated with being human is our innate desire to make sense of the world around us. Yesterday's bond market rally was--in many ways--nonsensical, yet that only makes the drive to understand it--t..[read more]

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