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2/8/2010 1:42 PM

2/8/2010 12:59 PM

Dusan Tatomirovic found a steal when he bought a foreclosed condo just north of Monterey, Calif., last April for $130,000....Read More

The commercial real estate dilemma

2/4/2010 3:34 AM

Luckily for banks, the commercial real estate time bomb just keeps on ticking....Read More

6 ways to ensure remodeling pays off

2/5/2010 6:09 AM

Just a few years ago you could count on getting the bulk of your money back for almost any home-improvement project you took on. Today merely replacing a toilet seat can feel like throwing caution, and cash, to the wind. According to a study from Remodeling magazine, the average return on value for an upgrade declined from 87% in 2005 to 64% in 200...Read More

Foreclosures: How bad is your state?

3/5/2009 11:34 AM

Lost your house? You still have to pay

2/3/2010 2:21 PM

As terrible as it is to lose your house to foreclosure, at least it's a relief to put your biggest financial headache behind you, right?...Read More

Las Vegas: Most foreclosures of any city in 2009

1/28/2010 5:01 AM

Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona....Read More

Yet another try at foreclosure rescue

1/28/2010 5:59 PM

Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification....Read More

New home sales hit 9-month low

1/27/2010 10:05 AM

New home sales plunged to a 9-month low in December, according to a government report issued Wednesday....Read More

America's most overvalued cities

1/27/2010 6:56 AM

Don't say we didn't warn you....Read More

Mortgage and Real Estate News:

MBS CLOSE: Uneventful End To Uneventful Day

2/8/2010 4:15 PM

Posted To: MBS Commentary

Though MBS were not quite as thinly traded as treasuries (lowest volume since the first trading day of 2010), the picture wasn't much better. At least that which is at risk on low volume days--volatility due to the trading that actually happens comprising a larger portion of th...Read More

Housing Needs Job Creation. What Sort of Jobs Though?

2/8/2010 4:03 PM

Posted To: Voice of Housing

Mr. O’Reilly (December 01, 2009) claims that the “new” root cause of the housing crisis is the (lack of) “jobs, jobs, jobs.” So the solution to the crisis must be (the creation of) “jobs, jobs, jobs.” I agree. But the next...Read More

Centralized Lock Desks Serve as a Gate Keeper. Source of Revenue

2/8/2010 2:54 PM

Posted To: The Garrett Watts Report

This was the half time scene in Miami last night at Super Bowl XLIV... I am sure many watchers were thinking: Why The Who? Maybe some of us in our 60s and 70s need to be “put out to pasture” or start “whittling wood” on the front porch. However, as a boo...Read More

MBS AFTERNOON: Narrow And Stable Heading Into The Close

2/8/2010 2:32 PM

Posted To: MBS Commentary

The market is duller than a Colts victory parade at the moment. We're dealing with a fairly standard issue "calm before the storm" that we often see on a data-limited Monday when the rest of the week contains the more significant events. The supportive trends we began...Read More

MBS LUNCH: Well Off Friday's Highs, But Holding Ground

2/8/2010 1:06 PM

Posted To: MBS Commentary

As AQ pointed out this morning, today's slightly downward trend in MBS price began in the final hours of Friday's trading. Both MBS and Treasuries put in their best marks of the day just before 2pm, and have moved steadily downward ever since. You may notice, however, that ...Read More

Short Term Direction of Mortgage Rates Dependent Upon Auctions and Stocks

2/8/2010 12:43 PM

Posted To: Mortgage Rate Watch

Who Dat!!!! Congratulations to New Orleans on a well played and exciting Super Bowl victory. Mortgage rate moved a few basis points lower on Friday following the Employment Situation Report . While we have seen scattered day over day streaks of improvements, mortgages rates have fa...Read More

MBS MORNING: Testing the Staying Power of Friday's FTQ Rally

2/8/2010 10:38 AM

Posted To: MBS Commentary

DID I MENTION THUNDER SNOW ! By the look of the charts, it doesnt appear that we should be expecting any noticeable improvements in positive price momentum today. We are extending the downtrend that began midday Friday. The FN 4.0 is -0-08 at 98-08 yielding 4.169% and the FN 4.5 is...Read More

MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC

2/8/2010 9:11 AM

Posted To: Pipeline Press

I thought about taking today off from the commentary to celebrate, since yesterday I won all 4 quarters of my office's Super Bowl pool! And then I remembered that I was the only one in the pool, don't really have an office, and that the net effect of my $50 a...Read More

MBS OPEN: Sideways Start. Searching for Guidance

2/8/2010 7:56 AM

Posted To: MBS Commentary

Good Morning. Congrats to the Saints. Here is a recap of my weekend.... We had a blizzard...32 inches of THUNDER SNOW . The driveway was defeated with snowblowers. This is only the first half of the driveway by the way.... The CAPS came from behind to beat the pens. Ovie had a tric...Read More

The Week Ahead: Treasury Auctions, Retail Sales, The Fed's Exit, Consumer Sentiment

2/8/2010 7:49 AM

Posted To: MND NewsWire

The week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Friday will see February’s first measure of consumer confidence. With little fresh data to anticipate, the fear is that markets will continue on the...Read More

Mortgage and Real Estate News:

The Bonus Bounce

2/5/2010 3:19 PM

Some bankers are using their bonuses for “smart, sound real estate purchases.”

...Read More

New York Plans to Topple Public Housing Towers

2/8/2010 4:43 PM

For the first time in its 75-year history, the New York City Housing Authority wants to knock down an entire high-rise complex.

...Read More

Living In | Belmont, the Bronx: The Bigger Little Italy

2/6/2010 2:27 AM

Belmont is known as the Little Italy of the Bronx, but it also has sizable communities of Puerto Ricans and Albanian immigrants.

...Read More

Habitats: The House of Open Arms

2/5/2010 2:35 PM

Filipp and Raya Katz live in a red brick house in Bath Beach, Brooklyn, that Ms. Katz refers to as “my little palace.”

...Read More

In City Real Estate, Old Clans Are Shrewd Again

2/8/2010 11:10 PM

Some families with deep roots in Manhattan kept their heads a few years ago when the market for skyscrapers and other big projects overheated.

...Read More

Tax Gain and 37% More Orders Help Beazer Homes Post Profit

2/6/2010 12:53 AM

The home builder said that it earned $48 million in the first quarter, helped by a $101 million tax gain, and that orders for new homes rose 37 percent compared with a year ago.

...Read More

2 Bronx Communities Are Accused of Preventing Blacks From Buying Homes

2/6/2010 1:40 AM

A lawsuit says that “test couples,” one black and one white, were treated much differently when they asked about purchasing homes in the area.

...Read More

Postings: A Holiday Gift That Keeps on Giving

2/5/2010 3:07 PM

The Christmas tree from Rockefeller Center will help frame one of eight row houses being built in western Stamford, Conn., by an affiliate of Habitat for Humanity International.

...Read More

Square Feet | The 30-Minute Interview: Cory Gubner

2/6/2010 9:20 PM

Mr. Gubner is the president and chief executive of RHYS Commercial, a full-service commercial real estate company based in Stamford, Conn.

...Read More

Big Deal: One Costly Condo

2/6/2010 1:59 AM

A Brooklyn Heights triplex with sweeping Manhattan and harbor views has just taken the prize for Brooklyn’s priciest condo, with an $8.495 million sale price.

...Read More

Mortgage and Real Estate News:

Lenders Seize Sillerman Resort

2/4/2010 8:45 PM

Lenders holding the $180 million mortgage on entertainment mogul Robert Sillerman's luxury resort in Anguilla have taken over the half-built project....Read More

Investors Lost It All in Memphis

2/3/2010 4:41 PM

The commercial real-estate mess is clobbering investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn...Read More

(State) House Rules in Kansas Casino

2/4/2010 8:40 AM

Gambling in Kansas comes with a twist—the state owns the casino and sets the rules, an unusual arrangement devised by the legislature...Read More

China Prepares to Salvage CCTV Tower

2/8/2010 6:33 PM

Beijing is preparing to rebuild a Rem Koolhaas skyscraper in the complex housing the national broadcaster, a year after fire gutted the structure....Read More

Connecticut, Starwood Hit Bump

2/8/2010 7:29 PM

Connecticut pulled off a coup when Starwood Hotels agreed to relocate its headquarters there. But now there are questions being raised over how the state sealed the deal...Read More

Mortgage Bankers Sell Building at a Loss

2/8/2010 8:06 PM

The Mortgage Bankers Association sold its 10-story headquarters building in Washington, D.C., for $41.3 million, well below the $79 million it paid in 2007...Read More

Home Builders See Daylight

2/8/2010 8:42 AM

Fewer write-downs and cancellations along with improved order rates are putting some lift into the depressed home construction market...Read More

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