Wed, Dec 6 2017, 12:31 PM
"Gig," a term that used to refer mostly to a musician's booking, is now being used to describe a whole sector of the U.S. economy. Fannie Mae defines ...
Wed, Dec 6 2017, 9:43 AM
Consolidating, biding time, coiling, storing energy, etc... Over the years on MBS Live and elsewhere, you may have come into several iterations of th...
Wed, Dec 6 2017, 9:17 AM
How long will venture capital firms enjoy being in a declining margin business like residential lending, historically dominated by individual, family,...
Wed, Dec 6 2017, 8:34 AM
There was the usual post-holiday resurgence in the volume of mortgage applications last week, following a subdued level of activity the previous week ...
Tue, Dec 5 2017, 5:35 PM
Much like yesterday's session, today saw bond markets begin the day in slightly weaker territory only to rally into slightly stronger territory by...
Tue, Dec 5 2017, 4:58 PM
Mortgage rates were more intuitive today with most lenders keeping things unchanged at first. This matched the movement in underlying bond markets, wh...
Tue, Dec 5 2017, 10:58 AM
CoreLogic said on Tuesday that home prices rose in October by 0.9 percent compared to September and were 7.0 percent higher than 12 months earlier. Th...
Tue, Dec 5 2017, 9:20 AM
A sideways range with higher lows and lower highs...
The risk of p eriodic volatility regardless of economic data's suggestion...
A certain p...
Tue, Dec 5 2017, 9:19 AM
It’s good to keep things in perspective, and here’s some Tuesday trivia. Today, 2 billion adults around the world remain without a bank account, inclu...
Mon, Dec 4 2017, 5:01 PM
Friday evening brought the passage of the Senate's version of the tax bill. It now moves to a joint session for "reconciliation" (Senate+House trying...
Mon, Dec 4 2017, 4:17 PM
Mortgage rates were distinctly mixed today, with some lenders clearly moving higher while others were effectively unchanged. The deciding factor is bo...
Mon, Dec 4 2017, 3:11 PM
In its Mortgage Monitor for September, Black Knight outlined the first wave of mortgage delinquencies that appeared to be arising out of Hurricanes Ha...
Mon, Dec 4 2017, 9:51 AM
Black Knight, (which has just rebranded itself, dropping "Financial Services from its name), has released an especially meaty Mortgage Monitor for Dec...
Mon, Dec 4 2017, 9:48 AM
As expected, the Senate passed its version of the tax bill on Friday evening (the passage being the expected part, not the timing). Also as expected,...
Mon, Dec 4 2017, 9:20 AM
Lenders in the Courts In yet again another lesson about not putting all your retirement money in one basket (think WAMU, Countrywide, Nat City...), Wa...
Fri, Dec 1 2017, 7:49 PM
After a day of diffuse inspiration from several competing market movers yesterday, we ended up with far more focus today. That wasn't readily apparen...
Fri, Dec 1 2017, 3:33 PM
Mortgage rates were at their highest levels in roughly 1 month as of yesterday afternoon. That ran counter to many of the mortgage rate news stories t...
Fri, Dec 1 2017, 11:33 AM
Construction expenditures so far this year continue to run ahead of what was spent in 2016, with private construction accounting for most of the incre...
Fri, Dec 1 2017, 9:51 AM
Fannie Mae's Book of Business increased at a compounded annual rate of 1.6 percent in October, to a value of $3.200 trillion compared to $3.195 trilli...
Fri, Dec 1 2017, 9:21 AM
December already? There are all kinds of scurrilous M&A rumors out there, or of rumors about companies going belly up, and will continue to be. And ha...
Fri, Dec 1 2017, 9:20 AM
The extent to which the tax bill is "inevitable" remains to be seen, but at the moment, financial markets are still treating it as "highly likely"--ju...
Thu, Nov 30 2017, 4:55 PM
As discussed in detail in the daily video on MBS Live, today's bond market weakness was multifaceted , to say the least. But if we want to make the ...
Thu, Nov 30 2017, 4:12 PM
There are several news stories out today that reference LOWER rates this week. These all rely on stale survey data that failed to account for changes ...
Thu, Nov 30 2017, 12:29 PM
Mortgage bank profits declined in the third quarter of 2017 when compared to the second quarter, but remained substantially higher than in the two rat...
Thu, Nov 30 2017, 9:57 AM
The issue of Fannie Mae and Freddie Mac and their about-to-be-zero capital buffers has fallen off the radar in recent months, but apparently there is ...
Thu, Nov 30 2017, 9:40 AM
Bonds are beginning the day in roughly unchanged territory, but that's not a good thing as far as the bigger picture is concerned. "Unchanged territo...
Thu, Nov 30 2017, 9:18 AM
In non-residential news, just because people have to eat doesn’t mean every grocery store chain thrives. There is chatter out there in the commercial ...
Wed, Nov 29 2017, 6:39 PM
Bond markets began domestic hours only slightly weaker, but that didn't last. Milliseconds into the 8am hour, we saw stronger inflation data in Europ...
Wed, Nov 29 2017, 3:14 PM
Mortgage rates moved higher today, with most lenders quoting their highest rates in at least 2 weeks. But before you let that worry you too much, know...
Wed, Nov 29 2017, 10:19 AM
Pending home sales posted their first strong showing in three months in October, beating even the most optimistic of predictions. The National Associa...
Wed, Nov 29 2017, 9:26 AM
Lenders everywhere are facing a basic dilemma: Diminished volumes and leaving profit margins alone, or reducing profit margins and trying to maintain ...
Wed, Nov 29 2017, 9:11 AM
Right at the start of trading today, bonds took a hit from Fed comments. Although she's soon to be replaced, Janet Yellen's thoughts on the economy...
Wed, Nov 29 2017, 8:45 AM
The short business week preceding the Thanksgiving holiday resulted, as usual, in fewer mortgage applications. The Mortgage Bankers Association said i...
Tue, Nov 28 2017, 5:04 PM
Stocks broke out in a big way today--a fact that may make the relatively 'unchanged' bond market performance more palatable. In bonds' defense, they ...
Tue, Nov 28 2017, 4:47 PM
Mortgage rates improved modestly today as markets digested tax bill headlines and the confirmation hearing for new Fed Chair Jerome Powell. As the hea...
Tue, Nov 28 2017, 2:35 PM
Loan limits were frozen in place at $417,000 for 10 long years after the housing bust, but were finally raised on January 1 of this year. Rapidly incr...
Tue, Nov 28 2017, 10:35 AM
In October, David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, said home price increases "appear unstoppab...
Tue, Nov 28 2017, 9:28 AM
Not much will be able to change about the recent analysis until markets actually make a move. In a nutshell, the recent analysis holds that we've bee...
Tue, Nov 28 2017, 9:11 AM
Remember when everyone waited with bated breath for Fannie & Freddie’s loan limit announcement? (It happens every year around Thanksgiving, in recent ...
Mon, Nov 27 2017, 5:17 PM
Black Knight Financial Services reported on Monday that home prices as measured by its national Home Price Index (HPI) continued to slow on a monthly ...
Mon, Nov 27 2017, 5:16 PM
The bond market theme heading into the Thanksgiving break was "waiting for a breakout."
The bond market theme heading out of Thanksgiving break ...
Mon, Nov 27 2017, 4:58 PM
Mortgage rates were almost perfectly unchanged today as markets returned to full force following the extended Thanksgiving break. Bond markets (which ...
Mon, Nov 27 2017, 10:49 AM
It wasn't supposed to happen after the banner month for new home sales in September, but sales of those homes rose significantly again in October, jum...
Mon, Nov 27 2017, 9:41 AM
Over the past two months, we've seen higher lows and lower highs in 10yr yields and mortgage rates. On a chart, this looks like 2 sides of a "triangl...
Mon, Nov 27 2017, 9:16 AM
It should be an interesting day at the Consumer Financial Protection Bureau (CFPB). In fact, the Federal Reserve, which is charged with funding the ag...
Mon, Nov 27 2017, 9:10 AM
The darkest, blackest material known to man? Vantablack . Don't be the last to paint your car with it. Speaking of looking into voids, who is in charg...
Fri, Nov 24 2017, 1:53 PM
Mortgage rates were roughly unchanged today. That's not too surprising considering lenders don't tend to make big moves on the Friday after Thanksgivi...
Fri, Nov 24 2017, 9:13 AM
Plenty of lawyers are basketball fans. What had once looked like a defense slam-dunk now isn’t: A federal judge declined to dismiss a fan’s suit that ...
Fri, Nov 24 2017, 7:38 AM
Today is boring . It was destined to be boring (probably) before it even occurred, and even if it gives the appearance of being exciting at some poi...
Wed, Nov 22 2017, 4:38 PM
We've discussed the tenor of Thanksgiving week in bond markets being more to do with serendipity than traditional "cause and effect" relationships. T...
