Everything You Thought You Knew About Bond Yields Is Wrong: HSBC

It's an article of faith in the credit markets that certain fundamental forces propel the yields on government debt, specifically economic growth, state spending, inflation and central bank guidance. Not so, says HSBC Holdings Plc fixed-income analysts led by Steven Major. Instead, high debt levels, demographic forces and wealth inequality overwhelm the traditional forces cited for the feared unravelling of the bond market's 35-year bull run this year....(read more)

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Freddie Mac Releases Outlook on Multifamily Demand, Oversupply Risks in 2017

Freddie Mac Releases Outlook on Multifamily Demand, Oversupply Risks in 2017...(read more)

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HVS: Q4 2016 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q4 2016. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but I wouldn't rely on the absolute numbers.  The Census Bureau is investigating the differences between the HVS, ACS and decennial Census, and analysts probably shouldn't use the HVS to estimate the excess vacant......(read more)

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US consumer confidence hits 111.8 in January vs estimate of 113

Economists expected the Consumer Confidence Index to hit 113 in January, according to Thomson Reuters....(read more)

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The Redfin Housing Demand Index Reached a New High in December

The Redfin Housing Demand Index, based on thousands of Redfin customers requesting home tours and writing offers, increased 15.1 percent from last month to a seasonally adjusted level of 124 in December. This marks the highest level recorded since January 2013, the first month measured by the Redfin Demand Index.   A level of 100 […] The post The Redfin Housing Demand Index Reached a New High in December appeared first on Redfin Real-Time ....(read more)

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Why Single Women Are Buying Homes at Twice the Rate of Single Men

Bloomberg Why Single Women Are Buying Homes at Twice the Rate of Single Men Bloomberg Skip the spouse, buy the house: Single women account for 17 percent of homebuyers in the U.S., vs. 7 percent of single men. by. Mary Pilon. @marypilon More stories by Mary Pilon. Tue Jan 31 2017 02:00:19 GMT-0800 (PST). By 2007, Michelle Jackson, ......(read more)

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Housing Counseling: New Certification Requirements; Correction

On December 14, 2016, HUD published a final rule implementing changes to HUD's housing counseling statute to improve the effectiveness of housing counseling in HUD programs by, among other things: Establishing the Office of Housing Counseling and giving this office the authority over the establishment, coordination, and administration of all regulations, requirements, standards, and performance measures under programs and laws administered by HUD that relate to housing counseling; requiring that organizations providing housing counseling required under or in connection with HUD......(read more)

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Treasury Curve Steepens as Microsoft Issue Includes 40-Year Debt

Bloomberg Treasury Curve Steepens as Microsoft Issue Includes 40-Year Debt Bloomberg The Treasuries curve steepened Monday as a $17 billion bond offering by Microsoft Corp. drove up 30-year yields, while shorter maturities benefited from a global equity selloff spurred in part by concern over U.S. immigration policies. U.S. long-bond ......(read more)

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Fannie Mae Releases December 2016 Monthly Summary ...

News Release. Share This: January 30, 2017. Fannie Mae Releases December 2016 Monthly Summary. Matthew Classick. 202-752-3662. ......(read more)

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Fed exempts smaller banks from part of 'stress test' in expected move

WASHINGTON (Reuters) - The Federal Reserve on Monday announced that smaller lenders will be exempted from parts of a rigorous "stress test" of their financial health in a move that had been expected....(read more)

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There's a Huge Gap Between American Economic Hopes and Reality

Bloomberg There's a Huge Gap Between American Economic Hopes and Reality Bloomberg Surveys of businesses and consumers have shown a surge in confidence since the Nov. 8 U.S. presidential election, as hopes for growth-lifting fiscal stimulus and deregulation have increased. But actual economic activity has yet to catch up. The most ... and more »...(read more)

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Fed to hold interest rates while Congress debates stimulus

Federal Reserve officials are likely to stand pat on interest rates at their meeting this week, waiting for more clarity on fiscal policy....(read more)

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U.S. can withhold some documents in Fannie, Freddie case: court

(Reuters) - A federal appeals court on Monday narrowed the range of documents that the U.S. government must turn over to investors suing over its August 2012 decision to seize the profits of mortgage giants Fannie Mae and Freddie Mac ....(read more)

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Bond markets set for a taste of the 60s as inflation picks up

LONDON (Reuters) - Inflation has a habit of creeping up on you. Just ask historians....(read more)

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Here's how much you need to earn to buy a home in 27 major US cities

In search of real estate? You may want to consider the Midwest or South....(read more)

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Germany meets bankers in Frankfurt for Brexit talks

FRANKFURT (Reuters) - Germany's top regulators met about 50 envoys from foreign banks on Monday to explain how they could move business to Europe's biggest economy after Britain leaves the European Union, German financial watchdog Bafin said....(read more)

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Citigroup to exit U.S. mortgage servicing operations by 2018

Citigroup Inc (C.N) said on Monday it would speed up the transformation of its U.S. mortgage business by exiting servicing operations by the end of 2018. Citi said it would sell its mortgage servicing rights on about 780,000 Fannie Mae and Freddie Mac loans of non-Citibank retail customers to New Residential Mortgage LLC (NRZ). The remaining Citi-owned loans and other mortgage servicing rights not sold to NRZ are expected to be transferred to loan servicing provider Cenlar FSB in 2018....(read more)

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Black Knight Home Price Index Report: November 2016 Transactions

Black Knight Home Price Index Report: November 2016 Transactions<br/>http://ift.tt/2kj5Q1N...(read more)

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U.S. consumer spending increases solidly in December

WASHINGTON (Reuters) - U.S. consumer spending rose solidly in December as households bought motor vehicles and a range of services amid rising wages, pointing to sustained domestic demand that is likely to set the economy up for faster growth in early 2017....(read more)

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Fed Balance Sheet Dilemma Looms Large for Bond, Currency Traders

Bloomberg Fed Balance Sheet Dilemma Looms Large for Bond, Currency Traders Bloomberg To the chagrin of bond and currency traders, one of the hottest topics of discussion when it comes to the Federal Reserve will probably be left unspoken at Wednesday's policy meeting. Despite the likely absence of any public comment on how to whittle ... and more »...(read more)

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The US government says GDP rose by 1.9%, but be careful with those numbers

The BEA said Friday that GDP increased 1.9 percent in the fourth quarter of 2016, but there's more to that story....(read more)

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Federal Reserve Board issues enforcement action with BB&T Corporation

Federal Reserve Board issues enforcement action with BB&T Corporation...(read more)

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When retirement accounts should not be used to pay off a mortgage

If you earn more on your money than you pay in interest, your net worth is better off by not paying down the mortgage....(read more)

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Careers: What it Takes to Become a Real Estate Agent

Want to become a real estate agent? Find out how to get licensed as a real estate agent in your neighborhood, and then decide which brokerage you want to work for. The post Careers: What it Takes to Become a Real Estate Agent appeared first on Redfin Real-Time ....(read more)

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Consumer sentiment index hits 98.5 in January vs estimate of 98.1

Economists expected the index to hit 98.1 in January, according to Thomson Reuters....(read more)

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US economic growth slows to 1.9 percent rate in Q4

The economy lost momentum in the final months of 2016....(read more)

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Gallup Good Jobs Rate Exceeds 50% in Five States

South Dakota, Maryland, Nebraska, North Dakota and Minnesota had the highest Gallup Good Jobs rates in 2016, while West Virginia had the lowest....(read more)

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Durable goods orders fell 0.4% in December

Durable goods orders fell 0.4% in December<br/>http://ift.tt/2jbMA6A...(read more)

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Danes Are Richer Than Ever After Half a Decade of Negative Rates

Bloomberg Danes Are Richer Than Ever After Half a Decade of Negative Rates Bloomberg With more cash than they know what to do with, households are stuffing their banks full of deposits. The upshot is that the country with the world record in negative rates now also boasts a record in bank savings. Central bank data show bank deposits ... and more »...(read more)

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Redfin Launches Mortgage Business

Redfin Mortgage is the next-generation mortgage lender where the real estate agent, lender and title company are linked on the same system. The post Redfin Launches Mortgage Business appeared first on Redfin Real-Time ....(read more)

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Freddie Mac Issues Monthly Volume Summary for December 2016

Freddie Mac Issues Monthly Volume Summary for December 2016...(read more)

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Mnuchin Faces Senate Questions on China View, Volcker Rule, Debt

Bloomberg Mnuchin Faces Senate Questions on China View, Volcker Rule, Debt Bloomberg Steven Mnuchin testifies during his Senate Finance Committee confirmation hearing in Dirksen Building, on Jan. 19, 2017. Photographer: Tom Williams/CQ-Roll Call. U.S. Treasury secretary nominee Steven Mnuchin is being asked to provide more clarity on ......(read more)

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Homeowners' Quest for the Best Schools

To get their children into top-performing schools, some parents buy homes in highly rated-and typically expensive-districts. After graduation, ‘there is a mass exodus.' The post Homeowners' Quest for the Best Schools appeared first on Real Estate News & Advice | realtor.com® ....(read more)

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Bernanke says Fed shouldn't rush to sell assets

The U.S. economy is ‘growing into' the Fed's $4.5 trillion balance sheet, said former Fed chief Ben Bernanke on Thursday....(read more)

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Yellen may be the foil of the Trump administration

Like Mitch McConnell to Barack Obama, Janet Yellen may be the Washington foil of Donald Trump....(read more)

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From Aspen to the Hamptons, luxury home sales are in a slump

Uncertainty around the election spooked wealthy home buyers in the fourth quarter, continuing 2016's slowdown in luxury real estate....(read more)

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Bonds and Stocks Might Not Be Singing to the Same Trump Tune

Bonds and Stocks Might Not Be Singing to the Same Trump Tune Bloomberg The CBOE Volatility Index, a measure of the implied volatility of the S&P 500 Index commonly known as the VIX, closed below 11 for the first time since July 2014 on Wednesday. Meanwhile, Merrill Lynch's Option Volatility Estimate Index (MOVE) -- a ......(read more)

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A few Comments on December New Home Sales

New home sales for December were reported at 536,000 on a seasonally adjusted annual rate basis (SAAR).  This was well below the consensus forecast, however the previous months combined were revised up slightly. Sales were down 0.4% year-over-year in December. And sales are up 12.2% in 2016 compared to 2015.  This was very solid annual sales growth. Note that these sales (for December) mostly happened after mortgage rates increased following the election.  As I've noted before, interest rate changes impact new home sales before existing home sales because new home......(read more)

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Trump's eventual Fed chief is still going to be 'very dovish,' Jim Grant says

President Trump will draw on his roots as a "leveraged New York City real estate speculator," the Grant's Interest Rate Observer founder tells CNBC....(read more)

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Ballard Spahr to hold webinar on 2016 presidential election's effect on consumer financial services

Barbara S. Mishkin The 2016 presidential election’s effect on the CFPB and the consumer financial services industry is the subject of considerable speculation and interest.  On Wednesday, February 8, 2017, from 12:00 pm to 1:00 pm ET, we will hold a special webinar, “Consumer Financial Services Under the Trump Administration,” to discuss many of the questions that are now... More >...(read more)

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Bernanke: Shrinking the Fed's balance sheet

To help stabilize the financial system and promote economic recovery, starting in late 2008 the Federal Reserve purchased large quantities of financial assets, primarily Treasury securities and U.S. government-backed, mortgage-related securities. The policy of so-called quantitative easing (see here and here) expanded the Fed's balance sheet from less than $900 billion before the crisis to about $4.5 trillion today-including about $2.5 trillion in Treasuries and $1.8 trillion in mortgage-related securities.[1] The Fed stopped buying large quantities of assets in October 2014. Since then, it......(read more)

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Mortgage Rates Rise for First Time in 2017

Mortgage Rates Rise for First Time in 2017...(read more)

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Treasury yields on track to rise for third straight day

Treasury prices fell on Wednesday, leaving yields on track to rise for a third straight day-what would be the longest losing streak since mid-December....(read more)

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Should you retire with a mortgage or pay it off?

Here's why it makes sense to pay off your mortgage before you retire....(read more)

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Bond investors eye auction, data

U.S. government debt prices were lower on Thursday morning as investors looked to the auction of $28 billion in 7-year notes and eyed data....(read more)

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The 20 Hottest Markets for U.S. Real Estate in January 2017

We analyzed the country's largest metropolitan markets to find those where buyers are checking out the most listings and homes are zipping off the market like toboggans on an icy chute. The post The 20 Hottest Markets for U.S. Real Estate in January 2017 appeared first on Real Estate News & Advice | realtor.com® ....(read more)

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Jobless claims rise, labor market still tightening

The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend remained consistent with tightening labor market conditions....(read more)

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Government's Fannie Mae will back PE giant Blackstone's rental homes debt

Fannie Mae will back a $1 billion in debt collateralized by rental homes at Blackstone....(read more)

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California Housing Crunch Prompts Push to Allow Building

As California's lack of housing supply becomes a crisis, some advocates are rethinking development in their backyards: They want more of it. The post California Housing Crunch Prompts Push to Allow Building appeared first on Real Estate News & Advice | realtor.com® ....(read more)

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U.S. Housing Shortage is Worst on the West Coast, New Study Finds

According to a new study, half of the top 10 worst markets are concentrated on the West Coast, led by Seattle....(read more)

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