The pullback started picking up steam after 10 a.m. Eastern, following the release of new-home sales data for May that fell below expectations. Read more about new-home sales. Don’t miss: It’s probably time to kiss that housing market rebound good-bye.
Homebuilders fall to 10-month low on sales data, earnings miss Florentina Frye Contents Interest rates fell Leading automated appraisal technology Prices fall. andrea hopkins. 3 Showing average fixed mortgage Corporate sales growth..
The weakness was buyer’s orders (the precursor of sales and earnings) coming in below analysts’ expectations. From Bloomberg: Homebuilders Fall as Pulte, Horton Orders Miss Estimates
New GSE proposal seeks to fill capital void Pace of new-home sales suggests steady housing strength Walker & Dunlop’s expansion helps set revenue and loan volume records Lending New home sales rise again, but questions still remain about housing market’s health October sales up nearly 19% over last yearLenders can only cut ‘nickels and dimes’ from rising warehouse line costs People on the move: Oct. 13 People on the Move – News – The Times-Tribune – The Mid-Atlantic Chapter of the National Academy of Television Arts and Sciences presented the awards Oct. 13 in Philadelphia.. SUBMIT PEOPLE ON THE MOVE items to email@example.com or.Two Harbors transferring its commercial business to a new REIT Issuers can combine hurricane exposure for relief aid: Ginnie Mae payments for 90 days, but after contacting the homeowner, they can offer forbearance for up to six months, which can be extended up to an additional six months as needed for homeowners that were current or less than 90-days delinquent at the time of the storm. selling policies. The letter summarizes fannie mae’s property inspection and appraisalIn May 2017, Two Harbors announced a change in its business strategy by spinning out its commercial real estate lending business to a new REIT, Granite Point Mortgage Trust. That left Two Harbors owning a portfolio of agency and nonagency RMBS, MSRs and other mortgage credit assets.Time to close home loans for millennials varied widely It’s 31% in Canada, 44% in the EU, and closing in on 50% in Germany (46.12. so not likely to become the reserve currency or numeraire any time soon. And finally, the US has the biggest and most.Furthermore, in a situation in which the warehouse line cost moves into a negative interest rate-carry scenario, such as if the note rate on the lender’s loan to the borrower (say 4.5 percent) is lower than the warehouse cost of funds (5 percent), it costs money for the loan to sit on the line.