Joan Capria

Joan Capria
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Real Estate News
Mortgage Rates Moving Into High 3's
Mon, 03 Aug 2015 22:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued lower today , adding to an already impressive streak of improvement that began in mid-July. Much of that improvement has come courtesy of increasing concerns over the trajectory of global growth ..[read more]

MBS RECAP: Inflation Expectations Dragging Rates Down
Mon, 03 Aug 2015 22:02:20 GMT

Posted To: MBS CommentaryThere were a few good years in the middle of the financial crisis recovery where inflation data just didn't matter. Various economic reports could indicate higher or lower inflation, but markets didn't respond. Older ..[read more]

And the #1 Housing Market is....
Mon, 03 Aug 2015 19:04:20 GMT

Posted To: MND NewsWireEven though he has retired, don't you sometimes just want to smack David Letterman? The popularity of his Top 10 something or other lists have made the genre ubiquitous. Apparently compiling them just too tempting. Housing is n..[read more]

June Construction Spending Buoyed by Public Sector
Mon, 03 Aug 2015 17:38:49 GMT

Posted To: MND NewsWirePublic monies shored up construction spending figures in June, just barely making up for a drop in expenditures from the private sector. The U.S. Census Bureau said that overall construction spending rose a scant 0.1 percent fr..[read more]

MBS MID-DAY: Cue Global Growth Concerns (And Bond Rally)
Mon, 03 Aug 2015 16:44:32 GMT

Posted To: MBS CommentaryThere's that phrase again: "global growth concerns" --that ridiculously broad concept that speaks to all of the more negative "what ifs" surrounding the global economy. What if European QE doesn't stoke growth and inf..[read more]

CFPB's Latest Fines; Upcoming Events and Training
Mon, 03 Aug 2015 14:17:18 GMT

Posted To: Pipeline PressA big topic at last week's MBA Hawaii annual conference was change in the industry. As if residential lending doesn't have enough changes all the time, law firm Morrison & Foerster spread the word that, "The Department of Def..[read more]

MBS Week Ahead: Can August Continue Where July Left Off?
Mon, 03 Aug 2015 11:33:15 GMT

Posted To: MBS CommentaryAt times like this in bond market history, the collective psychology is akin to the cliche ne'er-do-well from a book or movie who has finally come into a string of decent luck. This character has a hard time enjoying the ..[read more]

Wage Growth Shocker Pushes Mortgage Rates to 2-Month Lows
Sat, 01 Aug 2015 01:02:00 GMT

Posted To: Mortgage Rate WatchGet out your calendar. Flip, swipe, or glance back at May 29th. That's where we have to go to see mortgage rates any lower than they are today. After a delightful, but incredibly boring streak of mostly good days, rates ..[read more]

MBS RECAP: Bond Markets Thrive on Wage Growth Let-Down
Sat, 01 Aug 2015 00:58:56 GMT

Posted To: MBS CommentaryThis morning's Employment Cost Index came out of left field with sobering news for anyone counting on a 2015 Fed Rate hike. Fed Fund Futures (which measure the likelihood of a hike by a certain time frame) went fairly wil..[read more]

CFPB Hits Servicer for Creating "Loan Modification Purgatory"
Fri, 31 Jul 2015 17:06:47 GMT

Posted To: MND NewsWireA Texas mortgage servicer has run badly afoul of the Consumer Financial Protection Bureau (CFPB) for repeated violations of servicing rules . Residential Credit Solutions has agreed to pay $1.5 million in restitution to its vic..[read more]

MBS MID-DAY: Big Rally After Super Weak Wage Growth
Fri, 31 Jul 2015 16:28:09 GMT

Posted To: MBS CommentaryToday's market mover came out of left field, and in a big way. The Employment Cost Index is typically a non-event, having only moved markets noticeably one other time in the past few years. But it completely rocked them t..[read more]

Wells MSA News; CFPB TRID Toolkit; Capital Markets Trends & Student Loans
Fri, 31 Jul 2015 14:20:34 GMT

Posted To: Pipeline PressA rare blue moon (two full moons appearing in the same calendar month) will be visible in the sky today for the first time in three years. We won't see the next one until early 2018 - and imagine how residential lending, mark..[read more]

MBS Day Ahead: Closer Look at Changes in Yield Curve
Fri, 31 Jul 2015 11:33:23 GMT

Posted To: MBS CommentaryYesterday's recap mentioned a 'farewell' to low short term rates despite longer term rates 'faring well.' This is a reference to the major changes that have been taking place with the yield curve in July. ..[read more]

MBS RECAP: Longer Term Rates Fare Well, as Low Short-Term Rates Say Farewell
Thu, 30 Jul 2015 20:51:42 GMT

Posted To: MBS CommentaryAs of mid-July bond markets seem to have put their foot down with respect to the relationship between long and short term rates. With the economic recovery and global growth outlook still open to debate--not to mention with g..[read more]

Mortgage Rates Stay Steady After GDP
Thu, 30 Jul 2015 19:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were very close to unchanged despite market volatility surrounding the release of today's GDP figures. GDP can occasionally cause a significant response in mortgage rates, and that's especially true of the..[read more]

Wells Fargo pulls out of Marketing Agreements with Agents, Builders
Thu, 30 Jul 2015 18:10:33 GMT

Posted To: MND NewsWireWell Fargo Bank announced today that it will immediately begin winding down its marketing services and desk rental agreements with real estate firms, builders, and some other referral sources. Franklin Codel, executive vice pre..[read more]

Rental Housing a Growing Burden on Low Wage Earners
Thu, 30 Jul 2015 15:37:23 GMT

Posted To: MND NewsWireFinding an affordable place to rent within a reasonable distance of employment is becoming increasingly difficult according to Freddie Mac executive David Leopold. Leopold, writing in the company's Executive Perspectives blog s..[read more]

MBS MID-DAY: Just Barely Holding Gains After Volatile Morning
Thu, 30 Jul 2015 15:34:55 GMT

Posted To: MBS CommentaryBond markets came into the domestic session in slightly weaker territory owing largely to losses that occurred right at the start of the overnight session. 10yr yields were dragged up to 2.322 as Asian markets had their first..[read more]

Equity Acceleration Slows, Are Some Owners Cashing Out?
Thu, 30 Jul 2015 15:05:43 GMT

Posted To: MND NewsWireThe rich get richer? When it comes to equity that appears to be the case according to information released by RealtyTrac on Thursday. The company's U.S. Home Equity & Underwater Report shows an increase in the number of "equity..[read more]

CFPB's Latest Fine; JD Powers' Servicing Survey; Prospect Withdraws From MSA Biz
Thu, 30 Jul 2015 14:09:27 GMT

Posted To: Pipeline PressFun with government numbers: approximately 52.2 million people in the U.S. participated in major means-tested government assistance programs each month in 2012, according to a U.S. Census Bureau report . Right or left, Democr..[read more]

MBS Day Ahead: Important Day for The Shorter Term Trend
Thu, 30 Jul 2015 11:33:34 GMT

Posted To: MBS CommentaryThe direction of the trend in rates (or "bond markets") varies depending on the time frame in question. For instance, looking back to the 1980's, rates are still in an epic trend lower. That only really changes if we begi..[read more]

MBS RECAP: Fed Statement No Big Deal for Bonds
Wed, 29 Jul 2015 22:23:23 GMT

Posted To: MBS CommentaryThe Fed made a few token changes to its policy statement today, but as expected, no overtures for an impending rate hike. At least that wasn't the case superficially. If you want to get a bit philosophical with the Fed ve..[read more]

Mortgage Rates Barely Budge After Fed Announcement
Wed, 29 Jul 2015 21:10:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had an exceptionally boring day despite the presence of the Fed Announcement. Major communications from the Fed (which include announcements, meeting minutes, and certain speeches) always have the potentia..[read more]

MBS MID-DAY: Under Modest Pressure Ahead of Fed
Wed, 29 Jul 2015 15:37:30 GMT

Posted To: MBS CommentaryBond markets have continued taking measured steps back from the strongest levels in nearly 3 weeks seen on Monday. So far, today's selling pressure has been roughly in line with yesterday's. This time, it's more a..[read more]

Wells Business Channel Rumor; Conventional Conforming Updates Never Cease
Wed, 29 Jul 2015 15:11:16 GMT

Posted To: Pipeline PressI ain't one that puts much creed into book learnin'. But somes, I'm guessin', do. The Mortgage Bankers Association will be offering a Path to Diversity & Inclusion Scholarship to eligible candidates looking to attend MBA Educ..[read more]

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