The August Group Inc. is your source for dependable Real Estate Appraisals in Saint Louis City and the following counties in Missouri; St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois.Whether it's an older home or luxurious new construction, Jeffrey Noyes' experience and hours of study as licensed appraiser make him qualified to provide home valuations in Saint Louis City, St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois County for clients ranging from national mortgage companies to local lenders or individual businesses and consumers.
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| Mortgage Market is Freaking People Out | ||
| 3/31/2020 4:30 PM | ||
| Posted To: Mortgage Rate WatchThere are too many counter-intuitive and frustrating developments in the mortgage market to comprehend all at one time, let alone discuss. That"s not a cop-out as much as it is a favor I"m doing for you. If we tried to cover all of the nonsensical ground right here, this would beco...Read More | ||
| HAVE A QUESTION ABOUT FED MBS BUYING? | ||
| 3/31/2020 1:27 PM | ||
| Posted To: MBS CommentaryCURRENT FED MBS BUYING SCHEDULE AND PURCHASE LOOKUP TOOL I'm changing up this Q&A to make it shorter, denser, and better. If it's too pithy for you, revisit the previous version of this commentary HERE and take time to internalize the bigger picture). Bullet points that...Read More | ||
| Solid Home Price Gains Continued into January Ahead of Coronavirus Pandemic | ||
| 3/31/2020 9:58 AM | ||
| Posted To: MND NewsWireHome prices entered 2020 still on the uptick according to the S&P CoreLogic Case-Shiller indices. The U.S. National Home Price Index, which covers all nine U.S. census divisions, reported a 3.9 percent annual gain in January. The year-over-year increase in December was 3.7 percent. There was no...Read More | ||
| MBS Day Ahead: Let"s Talk About Porridge | ||
| 3/31/2020 8:42 AM | ||
| Posted To: MBS CommentaryI don't know much about porridge. I'm not even sure I've ever eaten it. I do know one thing about it though: the temperature has to be "just right" from what I've heard. Markets--especially bond markets--are very much like Goldilocks when they're respo...Read More | ||
| Marketing, Cybersecurity, eClosing Products; Shifts in LTVs, Credit, Pricing, Appraisal Policies | ||
| 3/31/2020 8:03 AM | ||
| Posted To: Pipeline PressRemember when all we had to worry about was Amazon taking over mortgage banking? The sun hits different here in March – see joke at bottom. (Thirty days hath September, April, June, and November. All the rest have thirty-one except March which has 8,000.) Unint...Read More | ||
| What"s Being Done to Prevent Forbearance From Crushing The Mortgage Industry? | ||
| 3/30/2020 10:29 AM | ||
| Posted To: MND NewsWireAmong responses to the job losses and reduced income already emerging from the COVID-19 pandemic has been a moratorium on foreclosures and a requirement, coming from many quarters, that servicers offer mortgage borrowers an extended period of forbearance from their mortgage payments. This has raise...Read More | ||
| Pending Home Sales Are Robust Prior to Shutdown | ||
| 3/30/2020 9:41 AM | ||
| Posted To: MND NewsWirePending home sales, which jumped 5.2 percent in January, did not retrench as expected last month. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) grew 2.4 percent to a reading of 111.5 in February. The PHSI is a forward-looking indicator based on signed cont...Read More | ||
| LO Jobs; Broker Products; California MBA Weighs In; Deep Capital Markets Dive | ||
| 3/30/2020 7:50 AM | ||
| Posted To: Pipeline PressAfter a long time in captivity with the same people, one may become, uh, less than enamored with their pals. “12 th day of self-isolation and it’s like Vegas in my house. We’re losing money by the minute, cocktails are acceptable at any hour, and no...Read More | ||
| The Fed Is Buying Fewer Mortgage Bonds This Week (Sort Of...) | ||
| 3/29/2020 11:19 PM | ||
| Posted To: MBS CommentaryHere is this week's MBS buying calendar . It differs from last week's in that there is now only $40bln of purchases per day rather than $50bln. So does that mean MBS prices are doomed? Not even a little bit. In fact, the number is still so high as to defy logic. After all, ...Read More | ||
| MBS Day Ahead: Lender Pricing Will Continue to Defy MBS Logic in Some (Many?) Cases | ||
| 3/27/2020 9:50 AM | ||
| Posted To: MBS CommentaryI devoted years of my life championing the cause of educating mortgage originators on the realities of MBS price movement. The most compelling call to action came during the meltdown where MBS told a story that wasn't being told by Treasuries. Everything changed after the Fed s...Read More | ||