Mar 25, 2013 1:05PM

Study Suggests Mortgage Market Insiders Just as Oblivious to Housing Crash as Rest of Wall Street

Were mid-level managers who essentially ran mortgage securitization during the housing boom aware of the systemic risks occurring in subprime portion of that market? Three researchers have looked at the home-buying behavior of a group of these analysts and determined that, whatever the level of their awareness, they typically did not expect those risks to lead to problems in the wider housing market. Ing-Haw Cheng and Sahil Raina of the Ross School of Business, University of Michigan and Wei Xiong...

Mar 25, 2013 3:38PM

Mortgage Rates Flat To Slightly Lower To Begin Shortened Week

Mortgage rates were, once again, unchanged in many cases today, though some lenders were slightly lower in cost than Friday's latest offerings. Trading levels in MBS (the mortgage-backed-securities that most directly influence rates) started the day off in territory that would have been consistent with higher rates, but improved fairly quickly as bond markets shrugged off news that Cyprus had reached a bailout agreement with the EU. Best-Execution for 30yr Fixed, Conventional loans is 3.625% to 3...


Micro News

11:37 AM:

Eurogroup Pres Says Cyprus Deal Should Be Seen As Template

11:07 AM:

Italy Paves The Way For US Bond Market Improvement

9:19 AM:

Bond Markets Bounce As Italy Picks Up Where Cyprus Left Off

8:24 PM:

Treasuries Weaker After Tentative Cyprus Bailout News

2:18 PM:

Holding Up Nicely Post-EU Close. Reprice Risk Shifts Positively

10:14 AM:

Negative Reprice Risk Rising For Ealy Lenders Following Euro Headlines

9:25 AM:

MBS Bounce Back Slightly From Yesterday's Underperformance

12:34 PM:

Bouncing Back On Dueling Headlines, Crowds Forming Outside Cypriot Banks

Around the Web

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Santelli's Midday Bond Report


Today's Comments

Frank Ceizyk

"Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become..."

David Z.

"Rob, great article. But I was really hoping you would close the loop with answers to the question you pose in the 3rd paragraph regarding cutoff dates..."

Jana Holmstrup

"Wonder if these Senators and AGs would be as demanding if we asked THEIR states to pay for the principal reductions."

Today's Q&A

"czn i sell my if I've had a loan modification?"

"a house has been transfered to me by a friend can his family try to reverse it"

"Bankruptcy mortgage not reaffirmed, do I have to pay? "