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...
Fri, Apr 28 2017, 11:29 AM
The share of sales that are all-cash continues at an elevated level. CoreLogic reports cash transactions accounted for 36.5 percent of all home sales ...
Fri, Apr 28 2017, 10:31 AM
Bond markets are very much on a fence at the moment with respect to short and intermediate trends. There are a few ways we can measure this fence-sit...
Fri, Apr 28 2017, 9:17 AM
For 2015, retail originators averaged total compensation of $88,415 versus $80,376 for Consumer Direct originators, per a STRATMOR Insights report on ...
Fri, Apr 28 2017, 7:18 PM
Bond markets began the day in slightly weaker territory, with Treasuries following European yields higher in the overnight session. Domestic hours br...
Fri, Apr 28 2017, 2:41 PM
Mortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days have confirmed that rates are in l...
Thu, Apr 27 2017, 10:28 AM
Is there mostly good news in the negative number for March pending home sales? The National Association of Realtors says yes. The NAR's Pending Home S...
Thu, Apr 27 2017, 10:20 AM
In a recent survey, 97% of millennials said that they were tired of being surveyed. Seriously, well that probably is seriously, according to a new Tra...
Thu, Apr 27 2017, 9:06 AM
Another day, another chance for bond markets to assess whether they should re-enter the previous 2017 range (or "post-election" range). This is marke...
Thu, Apr 27 2017, 6:20 PM
Bond markets have a question. Will we or won't we be heading back into the sideways, post-election rate range? for top tier mortgage rates, the ra...
Thu, Apr 27 2017, 5:24 PM
Mortgage rates moved lower today, following a policy announcement from the European Central Bank (ECB). Some investors were concerned the ECB might be...
Wed, Apr 26 2017, 10:04 AM
Mortgage application volume rose during the week ended April 21, solely from a significant increase in refinancing. The Mortgage Bankers Association (...
Wed, Apr 26 2017, 9:48 AM
The order of the day and week for domestic bond markets has been and will continue to be the break out from the recently friendly trend toward lower r...
Wed, Apr 26 2017, 8:44 AM
How about this quote from the tech world? “If you're not paying for the product, you are the product.” If you don't want companies to collect and sell...
Wed, Apr 26 2017, 5:15 PM
Last week, with considerable fanfare , the Mortgage Bankers Association released its plan for reforming the housing finance system, including a resolu...
Wed, Apr 26 2017, 5:14 PM
Today's main event was the release of the Trump administration's new tax plan. Markets didn't go overboard in their expectations of major revelatio...
Wed, Apr 26 2017, 5:14 PM
Although it features a rather shameless pitch to play a major role in a reorganized National Flood Insurance Program (NFIP), CoreLogic has published, ...
Wed, Apr 26 2017, 3:59 PM
Mortgage rates were relatively unchanged today, but only after averaging the disparate changes from various lenders. That means some lenders are in mu...
