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Wed, 30 Jul 2014

MBS RECAP: FOMC Announcement Wholly Overshadowed by GDP

Posted To: MBS CommentaryTonight's theme: "not many." It's not many times that GDP will crack 4% after being down more than 2% in the previous quarter, but it did today. But that's because it's not many times that the US economy will grow at 3.5% in one quarter and then drop to -2...
Wed, 30 Jul 2014

Mortgage Rates Highest in More Than a Month After GDP

Posted To: Mortgage Rate WatchFor weeks, we've discussed the prospects for increased volatility centered on today's economic calendar. The chances of a bigger move were much higher going into today's GDP data, and a bigger move is exactly what we got. Unfortunately, it was in an unfriendly direct...
Wed, 30 Jul 2014

California Realtors get Heads-Up on Short Sale Complications

Posted To: MND NewsWireA short sale program for properties serviced by Nationstar, which bills itself as one of the nation's largest independent loan servicers, is the subject of a new member advisory from the California Association of Realtors (C.A.R.). C.A.R. is acquiescing to the program about...
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