Thu, May 11 2017, 2:48 PM
Federal Housing Finance Agency (FHFA) Director Mel Watt had three messages for the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Thu...
Wed, May 10 2017, 9:43 AM
Any time rates have been trending decidedly higher (as they have been since mid-April), every day of gains has the potential to become the turning po...
Wed, May 10 2017, 9:35 AM
For appraisers, sometimes a simple 3 bedroom, 2 bath tract home can have complications that make things difficult. What about houses that actually "hi...
Wed, May 10 2017, 8:20 AM
Both purchase and refinance applications increased during the week ended May 5. The Mortgage Bankers Association said its Market Composite Index, a me...
Wed, May 10 2017, 6:46 PM
Bond markets were having a decent enough day during the morning hours. Stocks and European markets were weaker, dragging bond yields lower in a clas...
Wed, May 10 2017, 6:26 PM
Mortgage rates were steady to slightly higher again today, making it the 13th out of the past 16 business days without an improvement. The situation w...
Tue, May 9 2017, 10:28 AM
After moving along a nearly flat track for several years, consumer sentiment regarding whether "now" is a good time to buy a home started to rise and ...
Tue, May 9 2017, 10:22 AM
While the historically low homeownership rate as reported by the Census Bureau has improved only marginally over the last year, a recent survey by Gal...
Tue, May 9 2017, 10:12 AM
The Consumer Financial Protection Bureau is revisiting its 2013 RESPA Mortgage Servicing Rule. The rule, after several amendments, took effect on Janu...
Tue, May 9 2017, 10:08 AM
I hate to break the news, but racial diversity exists in the United States. In fact, many will tell you that it is one of the U.S.’s strongest attribu...
Tue, May 9 2017, 9:46 AM
Let me take you back--but not necessarily "way back"--to March 2017. Geopolitical risks weren't on the radar yet (no Syria air strike, North Korea th...
Tue, May 9 2017, 6:23 PM
Let's get the caveats out of the way. Bond markets ended the day in slightly weaker territory, and the broader trend remains toward higher yields. M...
Tue, May 9 2017, 2:56 PM
Earlier this week we reported that BuzzFeed reporter Mary Ann Georgantopoulos had released a copy of an April letter sent by House Financial Services ...
Tue, May 9 2017, 2:51 PM
CoreLogic's monthly Loan Performance Report for February shows the national mortgage delinquency rate, loans that were 30 or more days past due, decli...
Tue, May 9 2017, 2:29 PM
Mortgage rates haven't necessarily moved higher every day recently. For instance, yesterday's rates were unchanged versus last Friday's. But the gener...
Mon, May 8 2017, 10:15 AM
Can a letter, or another form of communication, sent by Party A and received by Party B, remain the exclusive property of Party A, even when in the ph...
Mon, May 8 2017, 9:31 AM
Is LBHI's third wave of claims against and lenders and brokers starting? According to the American Mortgage Law Group's Managing Member, James Brody, ...
Mon, May 8 2017, 9:23 AM
The economic and event calendar is fairly light this week, especially on the first few days. The importance and pace of potential market movers incre...
Mon, May 8 2017, 6:54 PM
We've been tracking an uptrend in yields since they bottomed out in mid April. There was some hope that we would see a firmer ceiling take shape head...
Mon, May 8 2017, 6:12 PM
Mortgage rates were generally unchanged today. This is actually quite an accomplishment if you ask the average bond market participant. Mortgage rates...
Fri, May 5 2017, 9:31 AM
Today on “Jobs Friday,” don’t think California has some pull? It is home to 1 in 8 Americans and its economy is the 6th largest in the world. It has 5...
Fri, May 5 2017, 8:24 AM
Today's chart is essentially the same chart we examined yesterday, but this time the only trendlines are those surrounding the most recent trend. The...
Fri, May 5 2017, 7:12 PM
Today's NFP report certainly could have been damaging for bond markets if it contained a significant revision to last month's low 98k headline. It ...
Fri, May 5 2017, 5:47 PM
Mortgage rates recovered today, moving sideways to slightly lower after losing ground over the past few days. Today's focal point was the Employment S...
Thu, May 4 2017, 11:44 AM
After years of quantitative easing, the Federal Reserve is estimated to own $1.75 trillion in agency mortgage-backed securities (MBS). The securities ...
Thu, May 4 2017, 11:31 AM
There was a very slight downward change in the availability of mortgage credit last month, driven primarily by on ongoing slippage in the availability...
Thu, May 4 2017, 11:22 AM
May the 4th be with you! People wonder if anyone from Freddie Mac has ever actually visited Fannie’s location for an office visit. Yes! Here’s actual ...
Thu, May 4 2017, 9:11 AM
I frequently use the lead-off analogy to characterize financial markets' propensity to start drifting in the direction of their next most-desired di...
Thu, May 4 2017, 7:37 PM
This morning's Day Ahead laid out a case for bonds taking a "lead-off" ahead of tomorrow's NFP data. It's not necessarily about NFP (the nonfarm pa...
Thu, May 4 2017, 7:13 PM
Mortgage rates moved higher today, bringing them back in line with the highest levels in nearly a month. That sounds a bit worse than it actually is, ...
Wed, May 3 2017, 9:28 AM
As the 1,400 or so registered participants in the MBA’s Secondary Marketing conference head home, bleary-eyed, the tag-line for the conference could h...
Wed, May 3 2017, 9:03 AM
Mortgage application volume decreased for the second consecutive week as the growing pool of purchase mortgage applications just missed covering the g...
Wed, May 3 2017, 8:57 AM
Bond markets are beginning the day in slightly weaker territory after as-expected ADP Employment data and the Treasury Department commented on the p...
Wed, May 3 2017, 5:12 PM
Today's Fed announcement turned out to be a dud . It's getting headline treatment here based solely on street cred. In and of itself, it could scar...
Wed, May 3 2017, 4:38 PM
Mortgage rates ended the day relatively close to ' unchanged ,' depending on the lender. That's somewhat surprising considering the presence of severa...
Wed, May 3 2017, 2:02 PM
(Additions underlined, deletions struck through)
Information received since the Federal Open Market Committee met in February March indicates tha...
Tue, May 2 2017, 10:57 AM
Home prices measured by CoreLogic's Home Price Index (HPI) posted their largest gains in nearly a year in March, continuing to confound the company's ...
Tue, May 2 2017, 10:54 AM
Down but not out. It ain't over 'til its over... All available clichés may apply to Ocwen Financial Corporation. At least the corporation hopes so. Th...
Tue, May 2 2017, 10:50 AM
In the second quarter of last year the homeownership rate hit its lowest level in U.S. Census Bureau reports going back 20 years, 62.9 percent. This c...
Tue, May 2 2017, 10:06 AM
The Supreme Court ruled on Monday, in Bank of America Corp. v City of Miami , that cities can bring suits alleging discrimination under the Fair Housi...
Tue, May 2 2017, 9:55 AM
Overheard yesterday here at the National Secondary Conference: “She is not the brightest crayon in the box.” Funny. But there are plenty of “bright cr...
Tue, May 2 2017, 9:28 AM
The relationship between stocks and bonds is difficult to speak about intelligently, unless you're prepared to define it in different ways depending o...
Tue, May 2 2017, 4:17 PM
The trading week has been relatively inconsequential so far. That's the best explanation for today's bond market gains. Sure, there are a few anec...
Tue, May 2 2017, 3:35 PM
Mortgage rates fell modestly today, but remained well inside the narrow range that's been intact for more than a week. For most lenders, that means co...
Mon, May 1 2017, 9:27 AM
Do you think the regulatory environment in residential lending is tough to navigate? Just think about who is going to regulate flying cars? Dust off t...
Mon, May 1 2017, 9:27 AM
It's an action-packed week for global financial markets, with several major motivations to consider. First and foremost, this is the first day of a n...
Mon, May 1 2017, 5:53 PM
Mortgage rates were unchanged to slightly higher today, keeping them in line with the previous 4 business days. This 5-day block stands out from the p...
Mon, May 1 2017, 2:13 PM
It wouldn't be surprising to find both lenders and consumers suffering from whiplash following the first quarter of 2017. Mortgage rates, which shifte...
Mon, May 1 2017, 1:19 PM
Construction spending dipped slightly in March, although privately funded spending held its ground and residential construction activity was at a high...
Fri, Apr 28 2017, 11:32 AM
Here we go again? Sam Khater, CoreLogic's deputy chief economist, says loan performance is beginning to show some cracks in what has been a near perfe...
