Mar 4, 2013 10:40AM

Reverse Mortgage Lending Dips; PHH's Private Label Subservicing; More on Hiring Millennials

With the change of clocks ahead of us this weekend, let's ease into the work week and put this Girl Scout cookie issue to rest once and for all. Besides all of the benefits that accrue from the sale of the cookies to support G.S. activities, which is great, it turns out that that the number of cookies per box is a matter of in which part of the country you live! The US is divided in half, with ABC Smart Cookies (East) having half and Little Brownie Bakers in the west. ABC gives us 32 cookies while...

Mar 4, 2013 4:25PM

MBS RECAP: One Of The Year's Slowest Sessions

MBS Live : MBS Afternoon Market Summary The earlier recap referred to today as an 'extended weekend,' and that continued to be unofficially the case for the rest of the session. Depending on the sector of bond markets, volume was in line with the quietest sessions of the year, and through the 3pm close, 10yr Treasuries indeed experienced their lightest volumes since New Year's Eve. The light volumes gave way to weakness in benchmark yields today, but in the context of last week's "post-Italian election...


Micro News

10:36 AM:

Fed's Yellen says forceful stimulus still needed

10:11 AM:

ECON: ISM New York Index Rises To 11-Month High

9:19 AM:

Bond Markets Slightly Weaker Into Domestic Hours

1:05 PM:

Reprice Risk Increasing MBS Continue To Underperform

10:41 AM:

Equities Lead Bounce, MBS At Lows, Negative Reprice Risk?

10:06 AM:

ECON: ISM Manufacturing Stronger Than Expected

9:08 AM:

ECON: Markit Manufacturing PMI Slightly Weaker Than Preliminary Readings

9:03 AM:

Bond Markets Stronger Overnight, Meeting Some AM Resistance

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Today's Comments

akaagassi

"I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't..."

Jason Harris

"In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they..."

craig simons

"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

Today's Q&A

"reinstatement of title deed to my name"

"can more than one offer raise the price of a sale"

"refinance my second mortgage"