Many people will tell you that the market is ripe with investment opportunities. On one hand, many will point to foreclosures as the proverbial cash cow. On the other, Real Estate-Owned (REO) property is the preference. While both are good investments, it is better to look at the facts and prepare yourself first.

Posted To: MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-22 : +0-06 FNMA 4.0 105-19 : +0-04 FNMA 4.5 106-25 : +0-01 FNMA 5.0 107-30 : -0-02 GNMA 3.5 105-03 : +0-04 GNMA 4.0 107-23 : +0-02 GNMA 4.5 109-07 : -0-02 GNMA 5.0 110-24 : -0-08 FHLMC 3.5 103-16 : +0-06 FHLMC 4.0 105-11 : +0-03 FHLMC 4.5 106-08 : +0-00 FHLMC 5.0 107-14 : -0-02 Pricing as of 4:03 PM EST Afternoon Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard . 2:28PM : ALERT: MBS Hit Day's Highs, Underperforming TSYs in Low Volume The day, and week for that matter, are effectively over. The little volume that's left is exerting a greater degree of influence over the price action than it otherwise might. With little to trade on, and little reason to oppose the…(read more)

The increase in real estate foreclosure by lenders over the last several years has caused a corresponding increase in home buyer complaints about the foreclosure industry. Many businesses have taken profits from the housing crisis by taking advantage of unsuspecting home buyers looking to purchase a first home or vacation home. The sad reality is that many people have fallen victim to these practices because they simply did not understand some basic facts.

Buying your first home will most likely be one of the most significant purchases you will make in your lifetime. Whether it’s a purchase and mortgage or a foreclosure auction, you want to make sure that you keep everything documented. This article will delve into the idea behind why and how you should a paper trail when dealing with one specific type of foreclosure.

Buying a home is a decision that should not be rushed if possible. Being an important decision that you need to make, you have to take the time to do your research and find the best house that you can afford and live in comfortably with the other members of your family.

Posted To: Mortgage Rate Watch

Mortgages Rates continued their march into better territory today, capping a 3 day effort of improvement following Wednesday’s FOMC Announcement. At this point, rates have not only solidified their re-entry into 3.875% Best-Execution levels, but some lenders are once again competitively priced at rates below that (for detail on “best-execution,” READ THIS POST ). That said, we’ve seen a high degree of stratification over the past 3 days as lenders have responded to the bond market rally at different paces. When we say that rate offerings are more stratified, we’re talking about various lenders offering increasingly different rates to the same type of borrowers. At a good handful of lenders in our survey, best-execution rates are still at 4.0%, while the bulk have moved down to 3.875%. But a…(read more)

Posted To: MND NewsWire

The formation of the Residential Mortgage-Backed Securities Working Group tasked with investigating mortgage fraud is now official. The new office, which will be part of the Administrations Financial Fraud Enforcement Task Force (FFETF) was first announced by President Obama in his State of the Union speech on Tuesday. At a press conference this morning (video below), Attorney General Eric Holder along with Housing and Urban Development (HUD) Secretary Shaun Donovan, Securities and Exchange Commission (SEC) Director of Enforcement Robert Khuzami and New York Attorney General Eric T. Schneiderman, Holder outlined the mechanics of the working group which will bring together the Department of Justice (DOJ), several state attorneys general and other federal entities to investigate those responsible…(read more)

Posted To: MBS Commentary

The trading day is rapidly growing uneventful and charts suggest that quite a few market participants already have one or more feet out the door for the weekend. The only real pop of volume and volatility was seen around this morning’s GDP report, which was generally a mild boon to bond markets. Consumer Sentiment was close enough to consensus as to have been a non-event and everything since then has been even less so. Trading ranges are narrowing… Stocks and Bonds are following each other to a greater extent… and Volumes are rapidly dwindling… Unless something unexpected happens to cause a surge in volume and volatility, game over… bond markets win. Not only is the pivot point seen in the video a ceiling from yesterday, but it was a major ceiling from the day before, after the FOMC…(read more)

Certain types of properties are very popular among homebuyers and investors in Playa del Carmen. For example, beachfront Playa del Carmen condos and Playa del Carmen Golf front Residences are among the two bestselling categories.

For me, who vacations at any given opportunity, a short trip is about discovering all that you can in a short amount of time. A discovery package then, is the perfect way to make the most of a short trip and provide insight for those who are looking to buy a house.