Feb 4, 2013 5:39PM

Senior Loan Officers Report Little Change in Standards as Demand Rises

Small numbers of domestic banks responded to the Federal Reserve's January survey of senior loan officers with indications that they have eased their credit standards across major loan categories over the last three months. Domestic banks reported that demand for business loans, prime residential mortgages and auto loans had increased while demand for other types of loans was essentially unchanged. U.S. branches and agencies of foreign reported little change in their lending standards but a net increase...

Feb 4, 2013 4:11PM

Mortgage Rates Bounce Back To Begin The Week

Mortgage rates regained a good amount of lost ground today as most lenders' rate sheets were in line with or better than last week's rates. The overall movement wasn't enough to justify a shift back to 3.5% Best-Execution from the recently more prevalent 3.625%, but it's a step in that direction. The differences in rates would be more noticeable in terms of the closing COSTS or lender credit as opposed to the rates themselves. ( What is A Best-Execution Mortgage Rate? ) Bond markets were fairly calm...


Micro News

4:10 PM:

Stock Lever Helps Reinforce Afternoon Stability

3:22 PM:

Late Day Illiquidity Causes Moderate Weakness For MBS

2:19 PM:

Lingering Positive Reprice Potential For Some Lenders

10:59 AM:

Bond Markets At Best Levels Ahead Of POMO Conclusion

10:06 AM:

ECON: Factory Orders Miss Just Slightly, No Market Reaction

9:41 AM:

Bond Markets Holding Gains. Stock Lever Helping.

3:49 PM:

Things Just Got Crazy... More Reprice Risk.

1:19 PM:

Reprices All But Guaranteed If You Haven't Seen One Yet. Not Cool...

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Today's Comments

asudevils

"click the compensation plan hyperlink"

Elijah Orozco

"I don't see anything about Wells Fargo in the article?"

Chris Kopec

"I would guess the supply is limited because people believe their homes are worth more than what they currently would receive in this foreclosure-distorted..."

Today's Q&A

"Should we refi a 10/1 Interest only mort. to a 15 or 20 yr fixed now? "

"the day i close on a refinance mortgage"

"need a link to a doc under loan officer compensation"