Wed, Dec 20 2017, 9:23 AM
Mortgage credit risk has edged up over the last year, but CoreLogic says that it remains well within an acceptable range , comparable to that of loans...
Wed, Dec 20 2017, 9:14 AM
The mortgage volume summary issued by the Mortgage Bankers Association for the week ended December 15, and the last before its two-week Christmas hiat...
Tue, Dec 19 2017, 5:25 PM
There were no market movers in play today. I'm not trying to be funny or clever. There were no market movers- -at least not in the traditional sens...
Tue, Dec 19 2017, 4:47 PM
Mortgage rates surged higher today, ultimately making it back to levels not seen since late October in some cases (depending on the lender). Part of t...
Tue, Dec 19 2017, 11:05 AM
The idea that it is a good time to buy a home appears to be losing ground . The National Association of Realtors'® (NAR's) new fourth quarter Housing ...
Tue, Dec 19 2017, 9:53 AM
After a surprisingly good report in October, with all three measures of residential construction activity rising significantly, analysts were expectin...
Tue, Dec 19 2017, 9:28 AM
It could just be random December trading that ultimately proves to be inconsequential, but every visit to the top of our recent ranges has to be take...
Tue, Dec 19 2017, 9:24 AM
Demographics and politics make interesting bedfellows. There are eight senators who are at least 80-years-old, nearly twice as many as ever before. To...
Mon, Dec 18 2017, 5:27 PM
Last Friday I said that bond traders had "had enough" when it came to reacting to every little tax bill headline. That theme held true today, but now...
Mon, Dec 18 2017, 5:16 PM
Despite the disruptions from several hurricanes and an expected drag from trade in the fourth quarter, Fannie Mae says it expects 2017 to finish with ...
Mon, Dec 18 2017, 5:02 PM
Mortgage rates bounced modestly higher today, bringing the average lender back in line with last Wednesday's levels. Bond markets (which underlie mort...
Mon, Dec 18 2017, 10:39 AM
Builder confidence shot up in December, reaching the highest level the National Association of Home Builders (NAHB) has recorded in 18 years . NAHB sa...
Mon, Dec 18 2017, 9:48 AM
While it's not on some economic calendars yet, this Friday will be an "early close" for bond markets, meaning no trading after 2pm ET. Even then, v...
Mon, Dec 18 2017, 9:16 AM
We start the week with something pertaining to words and the internet, both near and dear to all of us. Here’s the New Yorker's cartoon take on the Tr...
Fri, Dec 15 2017, 7:32 PM
Bond traders are increasingly saying "enough already! " when it comes to reacting to every little push and pull in the tug-o-war over the tax bill. ...
Fri, Dec 15 2017, 3:34 PM
Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely du...
Fri, Dec 15 2017, 11:22 AM
There has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial Services Committee recently...
Fri, Dec 15 2017, 9:20 AM
Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the...
Fri, Dec 15 2017, 9:15 AM
From time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year. Some popular ...
Thu, Dec 14 2017, 4:55 PM
Bonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and partly due to stronger economic...
Thu, Dec 14 2017, 3:51 PM
Mortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on ...
Thu, Dec 14 2017, 11:17 AM
The use of Automated Valuation Models (AVM) is expected to expand following the announced plans of the Fannie Mae and Freddie Mac to waive the require...
Thu, Dec 14 2017, 9:23 AM
Homebuyers ponied up the highest downpayments on record to purchase homes in the third quarter of 2017. ATTOM Data Solutions' (formerly RealtyTrac) Re...
Thu, Dec 14 2017, 9:15 AM
There’s a lot of airport travel coming up. It is best to stay cool, calm, and collected . Unfortunately, something else that is cool, and calm, is the...
Thu, Dec 14 2017, 8:29 AM
Volume swelled during the first 3 days of the week, culminating in yesterday's CPI/Fed combo and a fairly large move lower in rates. That's what we c...
Wed, Dec 13 2017, 5:59 PM
Heading into the day, we knew we were looking at 2 key market movers in the form of the CPI data and the afternoon's Fed festivities (which include ...
Wed, Dec 13 2017, 4:57 PM
Mortgage rates fell fairly quickly this afternoon following the Federal Reserves updated economic projections. While it is indeed true that the Fed "r...
Wed, Dec 13 2017, 2:02 PM
Information received since the Federal Open Market Committee met in September November indicates that the labor market has continued to strengthen ...
Wed, Dec 13 2017, 1:04 PM
Realtors are expressing concern over three measures that exist in either the House or the Senate versions of the Republican tax cut bill and have sent...
Wed, Dec 13 2017, 9:49 AM
Both Freddie Mac and Fannie Mae announced this week that evictions from foreclosed single-family and two-to-four-unit properties owned by the GSEs wil...
Wed, Dec 13 2017, 9:16 AM
Word on the street has House and Senate negotiators agreeing to scale back the mortgage interest deduction in the latest version of the GOP tax bill. ...
Wed, Dec 13 2017, 8:30 AM
Applications for mortgages, both for home purchases and refinancing, declined during the week ended December 8. The Mortgage Bankers Association (MBA)...
Wed, Dec 13 2017, 8:26 AM
Today brings 2 key developments in the form of the 8:30am CPI data and the afternoon's Fed announcement. CPI--the Consumer Price Index--was one of ...
Tue, Dec 12 2017, 4:59 PM
It was a pretty straightforward day for bond markets, which CONTINUE to operate in an exceptionally narrow, sideways range. That's been the case ...
Tue, Dec 12 2017, 4:30 PM
Mortgage rates moved modestly higher for the 4th straight business day today. Last Wednesday saw the best levels in a month with some lenders in the b...
Tue, Dec 12 2017, 10:59 AM
The Mortgage Bankers Association (MBA) projects a decrease in new home sales in November compared to the previous month, but still sees those sales ru...
Tue, Dec 12 2017, 9:58 AM
Loans performed well in September , continuing to erase most of the last vestiges of the market's Great Recession distress. The CoreLogic Performance ...
Tue, Dec 12 2017, 9:16 AM
Today I find myself in Florida spending time with American Bancshares. Did you know the area code for Cape Canaveral is 321…as in a countdown? 2017 is...
Tue, Dec 12 2017, 8:37 AM
I wish I could tell you that today was destined to be an exciting opportunity for bonds to embark on some sort of epic journey (or at least to defin...
Mon, Dec 11 2017, 5:33 PM
Bond markets had an uneventful overnight session until just before the start of domestic trading hours. Most market participants were willing to chal...
Mon, Dec 11 2017, 5:13 PM
Mortgage rates moved modestly higher for the 3rd straight business day, making for a moderate correction from the last Wednesday's 1-month lows. In th...
Mon, Dec 11 2017, 3:07 PM
As banks and government tried to stem the flow of foreclosures during the housing crisis there was a lot of debate (and criticism) about what needed t...
Mon, Dec 11 2017, 9:22 AM
Lenders making tough personnel decisions can’t “kick the can down the road” like Congress and the President. On Dec. 8, the National Flood Insurance P...
Mon, Dec 11 2017, 9:16 AM
There are 3 to 4 big players this week when it comes to potential market movers . In no particular order, these include Treasury auctions, central b...
Fri, Dec 8 2017, 5:40 PM
When it comes to bond markets reacting to economic data these days, don't expect too much and you won't be disappointed. Heading into today's NFP r...
Fri, Dec 8 2017, 2:28 PM
Mortgage rates moved modestly higher today, although some lenders were right in line with yesterday's levels (especially those who raised rates in res...
Fri, Dec 8 2017, 12:28 PM
After dropping in October from what had been an all-time high the previous month, Fannie Mae's Home Purchase Sentiment Index (HPSI) resumed its upward...
Fri, Dec 8 2017, 10:34 AM
Loan limits will be rising in 2018 for loans guaranteed by the FHA. The Department of Housing and Urban Development (HUD) announced on Thursday it was...
Fri, Dec 8 2017, 9:34 AM
Trio is a lease with an option to purchase that you can use to finance your new home." Its sister company is Ownoption Mortgage , doesn't appear to be...
Fri, Dec 8 2017, 8:32 AM
Bond markets haven't been at all keen to react in a major way to economic data. Tax reform and other fiscal issues have been center stage for several...
