Jan 16, 2013 5:05PM

Future of the Mortgage Industry to be Decided in Tidal Wave of Regulations (in Next 6 Months)

David H. Stevens , President and CEO of the Mortgage Bankers Association (MBA) , told member of the Exchequer Club on Wednesday that in the 12 months since he last addressed them there had been some progress in clearing the uncertainty of a year earlier and an improving housing market. The first of the rules mandated under Dodd Frank have come out of the Consumer Financial Protection Bureau (CFPB) and the housing market appears to be in a broad recovery. The new regulations, he said, will help shape...

Jan 16, 2013 10:51AM

Reaching 70% Purchase Volume in 2013 - A Lofty Goal?; Investor and M&A Updates; Mortgage Jobs

" Total debt service payments as percentage of disposable income have fallen from a peak of 14.1% in 7/07 to just 10.6% today, a level last seen in 10/93; a decline of 25%. This is due to a combination of low interest rates , rising disposable income, and lots of mortgage defaults, which have reduced household debt from 100% of GDP in 4/09 to just 86% now." So writes economist Elliot F. Eisenberg, Ph.D. Maybe we'll arrive at the point where no one with good credit needs credit, or has debt payments...

Micro News

2:00 PM:

Negative Reprice Risk Picks Up Slightly. MBS At Lows

10:36 AM:

ECON: Housing Market Index Slightly Lower Than Expected

10:20 AM:

Once More With Feeling? Yesterday's Patterns Already Repeating

9:58 AM:

Bonds Stronger Overnight, MBS Lag, Similar Stock Lever

9:23 AM:

ECON: Industrial Production In Line With Expectations, Internals Vary

8:40 AM:

ECON: Tamer Than Expected Inflation At Consumer Level

4:02 PM:

Reprices More Likely As MBS Press Into New Lows

2:56 PM:

Beware The Afternoon Head-Fake! Reprice Risk Lingers

Around the Web

Video News

Housing: Heyday or Mayday?

U.S. Housing Market Has `Momentum,’ Eisenbeis Says

US Bancorp CEO Talks Earnings

Today's Comments

Rene Torres

"The HVCC expired November 2010. Lenders and Banks do not have to use AMCs. Added appraisal requirements are placed there by regulatory agencies. The appraisers..."


"Matt, "The" best explanation for the candlestick graph I have seen, and, great commentary as usual. The pundits say the economy is back. All..."

Bryan/Mortgage Finance Group, Inc.

"What an absolute travesty; when you let the govt. infiltrate and run an entire industry (health, mortgage, etc.) you lose a little (or a lot) of your freedom..."

Today's Q&A

"How much would i ask for a property worth 48,0000"

"Listing agent using commission to pay part of seller's 2nd lien"

"Problems with my mortgage contract"