Joan Capria

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




Real Estate News
MBS RECAP: A Resilient Month-End For Bond Markets, All Things Considered
Fri, 31 Oct 2014 21:01:02 GMT

Posted To: MBS Commentary10yr yields are heading out the door at 2.335--a very significant level considering it had been the lowest closing yield of the year until October 8th. It's also right in line with a super-long-term inflection point for b..[read more]

Mortgage Rates Slightly Higher After Big News From Japan
Fri, 31 Oct 2014 19:40:00 GMT

Posted To: Mortgage Rate WatchMortgage rates drifted inconsequentially higher to end the month, remaining well-within the recent range, albeit closer to the higher end. The most prevalently-quoted conforming 30yr fixed rate remained 4.0%, with 4.125%..[read more]

Baby Boomer Attitudes on Housing Might Surprise You
Fri, 31 Oct 2014 19:26:11 GMT

Posted To: MND NewsWireA survey of attitudes toward housing released on Thursday by The Demand Institute indicates that the Baby Boom generation still has no intention of aging gracefully . In fact, when it comes to housing it appears few intend to y..[read more]

MBS MID-DAY: Unexpected Weakness After Japan Tape-Bomb, but Some Redeeming Qualities
Fri, 31 Oct 2014 16:46:38 GMT

Posted To: MBS CommentaryThis will largely be a reprint of an update that appeared on MBS Live this morning. Reason being: that update covered the impact of big, surprising news from the Bank of Japan overnight, and it has been the only salient marke..[read more]

Lender Still on the Hook Despite CFPB Consent Order
Fri, 31 Oct 2014 15:07:38 GMT

Posted To: MND NewsWireA recent motion filed by a mortgage company to dismiss portions of a class action suit against it shows, according to an attorney familiar with the matter, that a consent order settling charges brought by the Consumer Financial..[read more]

CFPB's Servicing Report; MI & VA Loans; Freddie & Manufactured Housing; Will the Election Really Matter?
Fri, 31 Oct 2014 15:03:18 GMT

Posted To: Pipeline PressGaps of all kinds are widening out, and they are impacting business. In a story about " New Homes' Problem: Price " the gap between the more expensive median price of newly built homes and that of resales has exceeded $70,000..[read more]

MBS Day Ahead: Month-End and Improving Technical Possibilities
Fri, 31 Oct 2014 11:32:11 GMT

Posted To: MBS CommentaryNo single method of market analysis is always better than another, which is why it's always better to consider as many as possible and look for agreements. In other words, if t echnical analysis and fundamentals are both ..[read more]

MBS RECAP: Super Flat Day... Not at all What You'd Expect
Thu, 30 Oct 2014 20:59:20 GMT

Posted To: MBS CommentaryIf the official end of QE is to be an inspirational moment for bond markets in the bigger picture, you wouldn't know it based on how trading has gone since then. A case is rapidly building for the news being fully priced ..[read more]

Mortgage Rates Recover Slightly; Holding Near 4 Percent
Thu, 30 Oct 2014 19:48:00 GMT

Posted To: Mortgage Rate WatchMortgage rates pulled back to hold near 4 percent after rising to the highest levels in 3 weeks. After yesterday's Fed announcement, the most common rate quotes were at risk of edging up to 4.125% for top tier borrowers...[read more]

Affordability Has Nothing to do with Home Prices or Rates -RealtyTrac
Thu, 30 Oct 2014 16:30:16 GMT

Posted To: MND NewsWire"A real estate market that should be flying high is instead a real estate market that is faltering ," according to Brian Mushaney, Executive Vice President, Data Solutions, for RealtyTrac. Writing in the current issue of Realty..[read more]

MBS MID-DAY: Slow, Steady Morning Sees Yesterday's Weakness Completely Undone
Thu, 30 Oct 2014 16:02:23 GMT

Posted To: MBS Commentary"Jobless Claims remained in the 280's and GDP came in at 3.5 vs a 3.0 forecast. So naturally, bond markets are adding to yesterday's weakness." That sentence would be seem logical and appropriate for most any time in ..[read more]

Rumors about Provident; e-Signature News; Lawsuit Update on PHH, Lawsky, Castle & Cooke, and S&P
Thu, 30 Oct 2014 15:19:25 GMT

Posted To: Pipeline PressAs mortgage bankers gear up to see what the Shipping Department dresses up as tomorrow, let's take a quick look at some demographics. There is now a larger cohort of unmarried young adults who are driving the overall homeowne..[read more]

MBS Day Ahead: Maybe GDP and Yellen can Move Markets
Thu, 30 Oct 2014 11:29:04 GMT

Posted To: MBS CommentaryGDP reports come in three flavors: advance, preliminary, and final. Today is the 'advance' reading for the 3rd quarter and hence the first look at Q3 GDP despite Q3 having been over for a full month. Because of its st..[read more]

MBS RECAP: Fed Reads From Known Script, but With Unexpected Gusto; Bonds Don't Care
Wed, 29 Oct 2014 21:03:43 GMT

Posted To: MBS CommentaryNine times out of ten, any conversation about trading volume in bond markets is pointless and dangerous when it comes to considering potential mortgage rate movement. Reason being: some people assume that low volume means a m..[read more]

Mortgage Rates at 3-Week Highs After Fed Ends QE
Wed, 29 Oct 2014 20:36:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose to the highest level in 3 weeks after today's Fed Announcement. The move was a two-part process with initial rate sheets being weaker in the morning and mid-day reprices (lenders raising rates) follow..[read more]

Foreclosures Ticked up in September, Downward Trend Holds
Wed, 29 Oct 2014 17:59:55 GMT

Posted To: MND NewsWireCompleted foreclosures rose slightly in September CoreLogic said today, but the long-term trend continues to be a relatively precipitous drop from the record high numbers of the last six years. The company's September National ..[read more]

MBS MID-DAY: Bond Markets on the Ropes Ahead of FOMC Announcement
Wed, 29 Oct 2014 16:11:56 GMT

Posted To: MBS CommentaryMBS and Treasuries are at their weakest levels in 3 weeks ahead of this afternoon's FOMC Announcement. That's really all there is to it. We haven't had any meaningful market movers, and in fact, the only motivatio..[read more]

LOS Survey; RESPA-TILA Toolkit; LO Comp Violations Still Out There
Wed, 29 Oct 2014 14:34:20 GMT

Posted To: Pipeline PressYou don't think things are changing? Apple announced it has signed up 500 more banks in addition to the 6 largest US banks it announced during the launch of its Apple Pay service, which is now available today. In the UK, Lloy..[read more]

Mortgage Apps: Still Much More Refi Demand Than 2 Weeks Ago
Wed, 29 Oct 2014 13:54:11 GMT

Posted To: MND NewsWireMortgage application numbers during the week ended October 24 backed off a bit from the numbers posted during the week ended October 17 but were still elevated compared to other recent weeks. The Mortgage Bankers Association's ..[read more]

MBS Day Ahead: FOMC Day: Could be a Market Mover
Wed, 29 Oct 2014 11:32:12 GMT

Posted To: MBS CommentaryI worked really hard just now on avoiding the use of the cliche headline opener "all eyes." You see that a lot (no pun intended) when it comes to things like FOMC and NFP. For instance: "All Eyes on FOMC." It's true thoug..[read more]

MBS RECAP: Bond Markets Nervous Ahead of Tomorrow's FOMC
Tue, 28 Oct 2014 21:43:37 GMT

Posted To: MBS CommentaryDespite one solid attempt to bounce back to unchanged levels this morning, bond markets spent the day in weaker territory. For most of the day this wasn't too offensive as the weakness was fairly well-contained. As the cl..[read more]

Mortgage Rates Stay Sideways Ahead of Important Fed Announcement
Tue, 28 Oct 2014 20:08:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were almost universally sideways today with very few lenders changing rate sheets noticeably from yesterday. As such, the most prevalent conforming 30yr fixed rate quote remains 4.0% for top tier borrowers..[read more]

MBS MID-DAY: Bond Markets Slightly Weaker; Still Lacking Inspiration Ahead of Fed
Tue, 28 Oct 2014 16:13:48 GMT

Posted To: MBS CommentaryTreasuries and MBS have seen modest volatility within a modest range this morning. The stage was set with overnight weakness resulting in weaker opening levels. At 8am, 10yr yields were up around 3bps and Fannie 3.5 MBS were ..[read more]

Home Price Gains Narrow across all Case-Shiller Indices
Tue, 28 Oct 2014 14:59:41 GMT

Posted To: MND NewsWireAugust data released this morning by S&P Dow Jones Indices reveals that, while home prices throughout the U.S. continue to increase, the rapid pace in those gains seen earlier continues to decelerate . The S&P/Case-Shiller Nati..[read more]

Trends in Housing and Rents; NAR Weighs in With Mini-Corr Update
Tue, 28 Oct 2014 14:53:16 GMT

Posted To: Pipeline PressThis is the season that CEOs are asking underlings for 2015 projections, and of course no one wants to tell the boss that volume is going to go down. The MBA is here to help! It is forecasting that mortgage volume will increa..[read more]

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