Thu, Sep 8 2016, 10:04 AM
The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) ticked down in August, indicating a slight and largely operationa...
Thu, Sep 8 2016, 9:58 AM
50 years since Star Trek debuted on TV? Holy smokes. Salaries were lower back then. How much do NFL referees earn in a year? The average NFL referee s...
Thu, Sep 8 2016, 8:40 AM
Mario Draghi is the President of the European Central Bank (ECB). He's Europe's version of Janet Yellen, for lack of a more eloquent description. Th...
Thu, Sep 8 2016, 4:40 PM
Let's be real. Asset purchases by major central banks are effectively an allow a nce for financial markets--free money that they know will be coming ...
Thu, Sep 8 2016, 4:01 PM
Mortgage Rates bounced highe r today, bringing them back in line with the pervasive range of the past several weeks. As of yesterday, rates were techn...
Wed, Sep 7 2016, 9:38 AM
While the industry waits for the ruling on the CFPB versus PHH case to give more clarity on the MSA question for lenders , the Colorado Division of In...
Wed, Sep 7 2016, 8:51 AM
Mortgage application activity was listless as summer unofficially ended and the nation prepared for the Labor Day weekend. Changes during the week end...
Wed, Sep 7 2016, 8:49 AM
What a difference a day makes. With the recent trading range being so narrow, it didn't take much for the overall tone in bond markets to move from...
Wed, Sep 7 2016, 3:34 PM
Treasuries and MBS held steady today, consolidating yesterday's gains and playing it safe ahead of tomorrow's ECB Announcement.
There really isn't ...
Wed, Sep 7 2016, 2:30 PM
Mortgage Rates moved lower today at a slightly better pace than the recent norm. That's not saying much in the bigger picture, because "the norm" has ...
Wed, Sep 7 2016, 1:36 PM
So what is going on with residential construction? We hear constantly that inventories are too tight , especially at the lower price levels, new home ...
Wed, Sep 7 2016, 1:30 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI) was down slightly in August, dipping 1.5 percentage points to 85.0. The index, based on the company'...
Tue, Sep 6 2016, 9:51 AM
Home price increases continued to exceed CoreLogic's own projections in July. The company's Home Price Index (HPI) indicates that home prices nationwi...
Tue, Sep 6 2016, 9:46 AM
It is hard to believe that Halloween is fewer days away than the 4th of July from a few months ago. It is also hard to believe this story/photo of a t...
Tue, Sep 6 2016, 9:24 AM
Normally, weaker readings on nonfarm payrolls result in bond market gains. While that was initially true on Friday, in less than 30 minutes, bonds we...
Tue, Sep 6 2016, 4:35 PM
When it comes to economic data that moves bond markets, there are only a few reports that compete for the 1st-runner-up spot behind Nonfarm Payrolls...
Tue, Sep 6 2016, 4:06 PM
Mortgage Rates were in a bit of a pickle on Friday afternoon. The big jobs report had just come out slightly weaker than expected, yet rates didn't im...
Tue, Sep 6 2016, 3:25 PM
First lien mortgage originations reached their highest level in the second quarter of 2016 of any single quarter since the same period in 2013. Black ...
Fri, Sep 2 2016, 10:37 AM
Among the lengthy list of state and federal regulators, legislative bodies, and agencies that oversee residential lenders, one can’t forget the FTC (F...
Fri, Sep 2 2016, 8:30 AM
It goes against the grain of conventional summertime market wisdom, to some extent, to have so much focus on any piece of economic data as "making or ...
Fri, Sep 2 2016, 4:56 PM
Happy Labor Day weekend, everyone. Gotta close out some longs, but may jump back in on Tuesday.
Cheers, Bond Buyers
That's the short ve...
Fri, Sep 2 2016, 4:08 PM
Mortgage Rates were steady to slightly higher today, depending on the lender--a relative victory considering the potential volatility associated with ...
Thu, Sep 1 2016, 11:26 AM
Construction spending was largely unchanged in July according to data released Thursday by the U.S. Census Bureau. Spending on all public and privatel...
Thu, Sep 1 2016, 9:53 AM
Isn't it amazing that, after the near-decade of turmoil we have just gone through, that CoreLogic is calling the housing market "an oasis of stability...
Thu, Sep 1 2016, 9:46 AM
For me last month’s domestic travels included Texas, Montana, Colorado, Kansas, and California. The mood among residential lenders is very good . Yet ...
Thu, Sep 1 2016, 8:53 AM
NFP weeks are always a bit more robust in terms of other top shelf economic data. This typically includes one or both of the ISM reports, Chicago PMI...
Thu, Sep 1 2016, 4:16 PM
Bonds began the day in weaker territory and were approaching the highest yields of the past 2 months by mid-morning. Part of the negativity could hav...
Thu, Sep 1 2016, 2:59 PM
Mortgage Rates were slightly higher today, bringing them near their worst levels in several weeks. The caveats are twofold. First of all, the worst le...
Wed, Aug 31 2016, 10:47 AM
Despite some predictions that pending home sales would fall in July, they actually rose modestly to reach their second highest level in over a decade....
Wed, Aug 31 2016, 10:23 AM
What does $24 million buy you in Oregon ? Just find 24 people to pony up a million each. Some economists love to look at the FHFA's housing statistics...
Wed, Aug 31 2016, 9:35 AM
Who remembers asymptotes from high school? Those are the curved lines that gradually approach a certain level--getting closer and closer, but never r...
Wed, Aug 31 2016, 8:16 AM
The volume of applications increased slightly during the week ended August 26 as mortgage rates made minor changes and moved in both directions. The M...
Wed, Aug 31 2016, 5:43 PM
Bonds responded generally favorably to the available economic data, which included on-target ADP jobs numbers (177 vs 175k forecast) and weaker Chicag...
Wed, Aug 31 2016, 5:13 PM
Mortgage Rates were unchanged today, ending a month without much movement in general. In fact, the most prevalently quoted conventional 30yr fixed rat...
Tue, Aug 30 2016, 12:46 PM
Mortgage originators surveyed by the Mortgage Bankers Association (MBA) saw production profits more than double in the second quarter compared to what...
Tue, Aug 30 2016, 12:40 PM
The share of total home sales made up by distressed properties is now one-quarter the level it was in January 2009. CoreLogic reports that in May the ...
Tue, Aug 30 2016, 10:38 AM
Results are in for the final two of the four major home price indices for June. Both the S&P CoreLogic Case-Shiller Indices and Black Knight Financial...
Tue, Aug 30 2016, 9:57 AM
I asked my cat Myrtle for her comments on the proposed TRID changes. (Blank stare.“Myrtle, make up your mind – in or out!”) I did, however, receive th...
Tue, Aug 30 2016, 9:12 AM
With bond markets having clearly consolidated heading into last week's Jackson Hole speeches and with Jackson hole ultimately NOT resulting in a a c...
Tue, Aug 30 2016, 4:24 PM
Today was very different than the past two days. Friday was one of the biggest days of selling seen during the July/August time frame and yesterday...
Tue, Aug 30 2016, 3:06 PM
Mortgage Rates did one of two things today, depending on the lender in question. Some lenders simply held in line with yesterday's latest levels (in o...
Mon, Aug 29 2016, 9:54 AM
It is hard to argue with nationwide demographic trends , especially when it comes to Hispanic borrowers & first time home buyers in some parts of the ...
Mon, Aug 29 2016, 9:33 AM
Friday was a volatile day for markets as investors were anxiously awaiting comments from Fed Chair Yellen that might speak to the likelihood of a Fed ...
Mon, Aug 29 2016, 4:54 PM
It's one thing to HOPE that any particular selling spree in bond markets is merely the product of a few temporary events that can be easily explained ...
Mon, Aug 29 2016, 3:59 PM
Mortgage Rates were briefly at their highest levels in several weeks on Friday afternoon. This followed comments from the Fed's Jackson Hole symposium...
Mon, Aug 29 2016, 2:59 PM
A large contingent of new homes started in 2015 were purchased using non-conventional financing according to a new analysis by the National Associatio...
Fri, Aug 26 2016, 10:54 AM
Mortgage Rates were unchanged to slightly lower this morning following the much-anticipated Jackson Hole speech from Fed Chair Janet Yellen. Markets w...
Fri, Aug 26 2016, 9:08 AM
Among the charts and tests summarizing most of the housing finance news that emerged during July, the latest issue of the Urban Institute's (UI's) Hou...
Fri, Aug 26 2016, 9:05 AM
“Rob, have you seen any place where I can see individual lender stats for VA loans?” Sure. Here it is . Knock yourself out. For you CFPB watchers, it ...
Fri, Aug 26 2016, 4:31 AM
All too many lookers on--myself included--have made far too much of today's Jackson Hole speech from Fed Chair Yellen (11am ET, we're led to believe)....
