Tue, Oct 11 2016, 9:35 AM
I have received this from enough people I figured I’d pass it along. “It is a well-known fact that those people who most want to rule people are, ipso...
Tue, Oct 11 2016, 9:21 AM
Bond markets offered a glimmer or two of hope last week as yields looked to be leveling off heading into Columbus Day weekend. In other words, 10yr...
Tue, Oct 11 2016, 4:46 PM
Bond markets were weaker out of the gate this morning as the US got caught up with the rest of the world after a "risk-on" Monday session for most o...
Tue, Oct 11 2016, 3:59 PM
Mortgage Rates were higher again today, marking the 9th straight day without any improvement. 3.625% is quickly becoming the most prevalent convention...
Fri, Oct 7 2016, 12:44 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI), which hit an all-time high of 86.5 in July, has now retreated for two consecutive months. The index...
Fri, Oct 7 2016, 10:50 AM
The Mortgage Bankers Association (MBA) said credit availability increased slightly in September. The Association's Mortgage Credit Availability Index ...
Fri, Oct 7 2016, 10:47 AM
Here’s a great note I received from an originator in the Washington DC area: “I have a borrower who works for a Congressman. Their loan was denied bec...
Fri, Oct 7 2016, 9:56 AM
The rest of the day will be all about bond markets sorting out their reaction to this morning's decent NFP numbers. Payrolls hit 156k in September, s...
Fri, Oct 7 2016, 4:07 PM
Let's clear this up at the outset: when we talk about "volatility" these days, it's not the same volatility that presided over some of the multi-poi...
Fri, Oct 7 2016, 2:46 PM
Mortgage Rates were modestly higher today, despite a weaker-than-expected Employment Situation (aka NFP, nonfarm payrolls, or simply "the jobs report"...
Thu, Oct 6 2016, 11:28 AM
In the first part of a series of article Market Pulse CoreLogic Principal Economist Mark Liu looked at the possibility that a new housing "bubble" was...
Thu, Oct 6 2016, 10:18 AM
With the temporary postponement of the MBAC (Carolinas) conference, and the residents of Florida wondering about all the money spent on sand recently,...
Thu, Oct 6 2016, 10:06 AM
Things continue to be serious for bond markets (MBS Live members already have their first alert on the day--a rarity before 10am--as well as a gener...
Thu, Oct 6 2016, 5:33 PM
Bond markets were already fairly close to the important technical levels near 1.75% (10yr yields) earlier this morning, and they continued getting pu...
Thu, Oct 6 2016, 4:11 PM
Mortgage Rates didn't move much today compared to yesterday's latest levels, but that's the only way to view them as being 'unchanged.' Even so, as is...
Wed, Oct 5 2016, 9:58 AM
Research by the Appraisal Institute finds the number of appraisers has declined 22% since 2007 and 60% are over 50 years old. Aging? Yes, nature bats ...
Wed, Oct 5 2016, 9:25 AM
You might remember some seemingly dramatic headlines from early September when rates attempted their first big break of the dominant range (e.g. "Yes ...
Wed, Oct 5 2016, 8:52 AM
Declining rates, in one case returning to July 2016 levels, stoked mortgage application activity during the week ended September 30. The Mortgage Bank...
Wed, Oct 5 2016, 4:42 PM
It was a pretty straightforward trading day considering what's at stake in the bigger picture. Bonds were under slight pressure overnight, but were...
Wed, Oct 5 2016, 3:43 PM
Mortgage Rates were higher again today, following much stronger-than-expected economic data. A key index that tracks the health of the services sector...
Tue, Oct 4 2016, 10:10 AM
Prices increases escalated again on a year-over-year basis in August according to information released on Tuesday by CoreLogic. The company's Home Pri...
Tue, Oct 4 2016, 10:07 AM
Regions, BB&T, Chase, Wells Fargo… the list goes on. They aren’t the first, and won’t be the last, but the Department of Justice tells us that Salt La...
Tue, Oct 4 2016, 9:55 AM
There are no significant economic reports or scheduled events on tap for today. This will give us an opportunity to feel out the new trading ideas,...
Tue, Oct 4 2016, 3:51 PM
Bonds tanked today and at first glance, there weren't any great explanations as to why. But headlines quickly surfaced regarding the European Central...
Tue, Oct 4 2016, 2:54 PM
Mortgage Rates moved significantly higher today, relative to recently narrow ranges. It's enough to bring the most prevalent conventional 30yr fixed q...
Tue, Oct 4 2016, 2:16 PM
In the last four years housing prices, according to CoreLogic's Home Price Index (HPI) have risen 40 percent. So, are we heading toward a repeat of th...
Mon, Oct 3 2016, 11:17 AM
Construction spending in August declined slightly from its July pace the Census Bureau said on Monday. It was the third consecutive month it has falle...
Mon, Oct 3 2016, 10:48 AM
Welcome to the first business day of the 4th quarter! For another first, on this date in 1955 the first episode of Captain Kangaroo aired. Just think ...
Mon, Oct 3 2016, 9:15 AM
As October begins, bond markets are pretty close to trading levels seen at the end of August--close enough to call September a "flat month" anyway. ...
Mon, Oct 3 2016, 5:41 PM
Almost like clockwork, bond markets weakened JUST enough to cast doubt on their commitment to reentering the sub-1.60% range. This follows a week of ...
Mon, Oct 3 2016, 3:47 PM
Mortgage Rates were higher today, with most lenders at their highest levels in nearly 2 weeks. The bond markets that underlie mortgage rate movement r...
Mon, Oct 3 2016, 2:24 PM
In its "first look" at August mortgage performance data Black Knight noted that the Single Month Mortality (SMM) or prepayment rate for the month had ...
Fri, Sep 30 2016, 10:35 AM
Are you sure that you want to keep originating FHA loans? There’s a lot of profit per loan, but it is easy to see why some companies like Chase have r...
Fri, Sep 30 2016, 9:14 AM
As we approach the rest of the trading day, keep the info from this month/quarter-end bond buying primer in mind. Remember that the bond market unoff...
Fri, Sep 30 2016, 5:04 PM
While there has been a good amount of volatility in September, it was fairly flat, relative to August's latest levels. Up until this week, that was...
Fri, Sep 30 2016, 3:47 PM
Mortgage Rates were mixed today, with some lenders in slightly weaker territory while others offered modest improvements versus yesterday. The dichoto...
Fri, Sep 30 2016, 1:54 PM
The second quarter Mortgage Metric Report from the Office of Comptroller of the Currency (OCC) shows a universe of mortgage loans that are performing ...
Thu, Sep 29 2016, 10:51 AM
Pending home sales were unable to sustain the slight upward tick experienced in July and resumed their downward trend in August, declining by 2.4 perc...
Thu, Sep 29 2016, 10:22 AM
Why are so many people holding on to mortgages with high interest rates? Sentiment? Inertia? Apparently not. In the current issue of CoreLogic's Marke...
Thu, Sep 29 2016, 9:54 AM
How is it that we only have two days left in September, and that it is National Coffee Day already? Maybe you’ll receive a free or discounted cup at K...
Thu, Sep 29 2016, 9:34 AM
Yesterday's moderate weakness in bond markets comes at at inopportune time for those hoping to see another push back to all-time lows (in either Treas...
Thu, Sep 29 2016, 5:09 PM
Bond markets were weaker overnight and continued pushing toward the first of two important resistance levels (think "ceilings") during the domestic se...
Thu, Sep 29 2016, 4:29 PM
Mortgage Rates were slightly higher again today, marking the second day spent pulling back from a nice move lower that followed last week's Fed announ...
Thu, Sep 29 2016, 2:06 PM
The lack of housing affordability is rising among the 414 U.S. counties tracked by ATTOM Data Solutions. ATTOM, the new parent company of RealtyTrac, ...
Thu, Sep 29 2016, 2:01 PM
Sales of distressed homes, both lender-owned properties (REO) and short-sales continue to decline but are still at levels nearly four times what is co...
Wed, Sep 28 2016, 10:32 AM
The all-cash share of residential sales dipped below 30 percent in June, the first time this has happened since 2007. CoreLogic said on Tuesday that c...
Wed, Sep 28 2016, 10:29 AM
To understand the top-line story in the Urban Institute's (UI's) latest Chartbook released on Monday one has to go back to another UI paper published ...
Wed, Sep 28 2016, 9:30 AM
What do attorneys and judges think of compliance? Here's a nice write up , but it is important that incentives match your company's compliance goals, ...
Wed, Sep 28 2016, 9:21 AM
I talk a lot about " trends "--a word that's easy enough to understand in a general sense, but more esoteric when we try to understand it in specific ...
Wed, Sep 28 2016, 8:39 AM
The Mortgage Bankers Association (MBA) reported hardly a ripple in the mortgage market during the week ended September 23. Its Market Composite Index,...
