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...
Thu, Dec 7 2017, 4:52 PM
Bond markets began the day roughly unchanged compared to yesterday afternoon's weaker closing levels. From there, Treasuries rallied in concert wit...
Thu, Dec 7 2017, 4:17 PM
Mortgage rates were best described as " unchanged " today, although that may not be the case tomorrow. The afternoon hours saw bond markets (which dic...
Thu, Dec 7 2017, 11:47 AM
Nine years after what is acknowledged as the start of the housing crisis about 2.5 million homeowners remain underwater , but that number is down by 0...
Thu, Dec 7 2017, 9:23 AM
Both yesterday and the day before, bonds closed in stronger territory than the previous day's close. That's the first time that's happened since earl...
Thu, Dec 7 2017, 9:20 AM
Upset that Richard Cordray has left the CFPB and is officially running for governor of Ohio ? Bored with lending here, and want to go into the home fi...
Wed, Dec 6 2017, 5:26 PM
For the purposes of this recap, "winning streak" would be defined as a day where Fannie 3.5 MBS or 10yr Treasury yields closed at better levels than t...
Wed, Dec 6 2017, 4:48 PM
Mortgage rates moved noticeably lower today as bond market improved for the 2nd day in a row--the first time that's happened since early November (whe...
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 ...
