Tue, Aug 9 2016, 9:32 AM
The national foreclosure scenario continues to
improve . CoreLogic's June National Foreclosure Report shows the foreclosure inventory declined
b...
Tue, Aug 9 2016, 9:28 AM
Fannie Mae's Home Purchase Sentiment Index (HPSI) made,
what for it, was a significant jump in July, reaching the highest level in the
history of th...
Tue, Aug 9 2016, 9:16 AM
Let’s hope this is not a “here we go again” situation. RealtyTrac reports home flipping (defined as a
property that is bought and resold within 1-y...
Tue, Aug 9 2016, 9:11 AM
Today's chart has a piece of technical analysis I haven't posted in quite a while, but it's fairly easy to understand and fairly useful. The tech in ...
Tue, Aug 9 2016, 4:59 PM
Bonds were facing headwinds as the week began. Friday had just seen an exceptionally strong NFP. Yields were quickly pushing toward the higher end o...
Tue, Aug 9 2016, 4:07 PM
It was a good day for mortgage rates . After moving higher at a somewhat disconcerting pace last Friday, rates were quickly approaching the upper boun...
Mon, Aug 8 2016, 10:19 AM
The phenomenon is very uneven geographically, but
CoreLogic says that one factor behind the sustained pace of home price
appreciation is the return...
Mon, Aug 8 2016, 10:08 AM
There’s no question that rent levels in many urban areas are helping lenders. Research by ApartmentList.com finds the most expensive cities, in order ...
Mon, Aug 8 2016, 9:12 AM
Bond markets sold-off fairly aggressively following Friday's strong jobs report with 10yr yields moving up nearly 10bps and Fannie 3.0s falling roughl...
Mon, Aug 8 2016, 5:30 PM
Today could have been better, but it could have been much worse. After the big spike that followed Friday's jobs report, bonds were on the weaker edg...
Mon, Aug 8 2016, 4:29 PM
Mortgage rates continued higher today, extending a sharp move that began on Friday following stronger-than-expected employment data. There are two dis...
Mon, Aug 8 2016, 3:33 PM
Fannie Mae and Freddie Mac have
released results of their respective performances on the " Severely Adverse
scenario" of the stress tests required ...
Fri, Aug 5 2016, 10:55 AM
The Mortgage Bankers
Association (MBA) reported that its Mortgage Credit Availability Index
increased by one point in July, and announced that its...
Fri, Aug 5 2016, 10:49 AM
“Q: How do you transfer funds even faster than electronic banking? A: By getting married!” That’s my attempt to ease into the news that the IRS increa...
Fri, Aug 5 2016, 8:29 AM
Granted, by the time most of you read this, NFP will already be out, but I'm not as interested in the initial reaction as I am in how things play out ...
Fri, Aug 5 2016, 6:40 PM
The Consumer Financial Protection Bureau, Office of Comptroller
of the Currency (OCC), and the Federal Reserve are proposing technical changes
to th...
Fri, Aug 5 2016, 6:39 PM
In the constantly-evolving modern era of market-watching, it's rare to see simply, old-school "cause and effect" relationship between data and market ...
Fri, Aug 5 2016, 5:36 PM
Mortgage rates moved higher at the fastest pace in more than 3 weeks today, following a much stronger-than-expected jobs report. The Employment Situat...
Thu, Aug 4 2016, 11:25 AM
As
the housing boom ended rents for single-family homes also crashed, going from
annual growth of better than 2 percent in late 2007 to -3 percent b...
Thu, Aug 4 2016, 11:19 AM
Fannie Mae is reporting net income
and comprehensive income of $2.9 billion for the second quarter of 2016
compared to first quarter net income of...
Thu, Aug 4 2016, 9:23 AM
Are those Americans who lost their homes to
foreclosure permanently turned off of home ownership? CoreLogic's Senior Economist Kristine Yao
looke...
Thu, Aug 4 2016, 9:17 AM
Here’s an interesting number: $765,000. The Transportation Security Administration announced in May that it had collected that amount in loose change ...
Thu, Aug 4 2016, 8:44 AM
Bond markets are stronger out of the gate this morning as the Bank of England (BOE) followed through on expectations to cut its key policy rate from...
Thu, Aug 4 2016, 5:45 PM
This recap won't be too terribly different from the morning update on MBS Live. In fact, that's about all the more complicated today ended up being. ...
Thu, Aug 4 2016, 4:04 PM
Mortgage rates were moderately lower today, keeping them well-within the dominant range of the past 2-3 weeks. Compared to yesterday, lenders would be...
Wed, Aug 3 2016, 9:27 AM
Huh? There is now a
robot that can build a house in two days ?
Sounds pretty good to me... It is certainly a step toward lessening the labor
const...
Wed, Aug 3 2016, 9:13 AM
Even if you're like me and have only watched survivor a few times, that's enough to understand the dynamic in bond markets today. Bonds can "survive...
Wed, Aug 3 2016, 8:19 AM
Despite interest rates that were lower across
the board mortgage applications activity sagged during the week ended July
29. The Mortgage Bankers A...
Wed, Aug 3 2016, 5:50 PM
Here is the primer on Corporate Bond Issuance for those who need it. I realize it's been linked in almost every post this week, but that's the kind o...
Wed, Aug 3 2016, 5:09 PM
Mortgage rates were nominally higher today, though you'd be hard-pressed to find any evidence of that on lender rate sheets. For all practical pu...
Tue, Aug 2 2016, 11:34 AM
Despite
speculation that it might require a Treasury draw after its first quarter
financial loss, Freddie Mac reported on Tuesday it had net incom...
Tue, Aug 2 2016, 11:31 AM
The pace of home price appreciation does finally appear
to be slowing. CoreLogic has released
its Home Price Index (HPI) for June and both monthly ...
Tue, Aug 2 2016, 9:54 AM
Gotta hand it to Vancouver.
The city has gained a reputation as a place for foreign buyers - primarily
Chinese - to buy housing and park their money...
Tue, Aug 2 2016, 8:52 AM
The 2 weeks leading up to last week's FOMC Announcement (and Bank of Japan too) saw an exceptionally narrow trading range. The 2 weeks before that sa...
Tue, Aug 2 2016, 5:24 PM
Bond markets capped a rather unpleasant 2-day move today. While 10yr yields only rose 3.4bps by the close, the losses put us right back in the 1.52-1...
Tue, Aug 2 2016, 4:16 PM
Mortgage rates moved higher again today, after hitting the lowest levels in roughly 2 weeks last Friday. Like yesterday, today's increase was fai...
Mon, Aug 1 2016, 12:33 PM
The "Brexit Effect" is the focus of Black Knight
Financial Service's current Mortgage Monitor.
The report, covering June mortgage performance dat...
Mon, Aug 1 2016, 12:18 PM
Construction spending eased slightly in June, but the
Census Bureau said today that it is still running substantially ahead of spending
in the fir...
Mon, Aug 1 2016, 9:14 AM
Have you ever heard of the AARMR? I know – as if this industry needs yet another acronym. Pronounced by those “in the know” as “armor,” it is the Amer...
Mon, Aug 1 2016, 8:59 AM
Back in 2015--almost exactly a year ago, actually--the order of the day was determining the timing of the Fed's first rate hike since the financial cr...
Mon, Aug 1 2016, 7:01 PM
We were already defensive, to some extent, about the possibility that last Friday's gains were driven by month-end trading needs. Indeed, there was a...
Mon, Aug 1 2016, 5:51 PM
Mortgage rates moved higher today after hitting the lowest levels in roughly 2 weeks last Friday. Today's increase was fairly minimal in the big ...
Fri, Jul 29 2016, 12:44 PM
The Consumer Financial Protection Bureau (CFPB) is
proposing changes to its Know Before You Owe Mortgage Disclosure Act, usually
referred to in the ...
Fri, Jul 29 2016, 10:28 AM
"Buy land - they're not
making any more of it." And the reverse is happening in Louisiana. Say what you
want about global warming, or inappropriate ...
Fri, Jul 29 2016, 9:28 AM
Homeownership rates, which have been declining since
the end of the housing boom, hit an a ll-time low in the second quarter of
2016 . The rate at ...
Fri, Jul 29 2016, 8:39 AM
With 10yr yields up only 2.2bps to begin the day and MBS down only 2 ticks, it's interesting to note that initial reaction to the overnight policy ann...
Fri, Jul 29 2016, 4:46 PM
Heading into the close at much stronger levels this afternoon, it would be easy to overlook the fact that bond markets were weaker overnight (followin...
Fri, Jul 29 2016, 4:15 PM
Mortgage rates enjoyed another strong day, falling to the best levels in exactly 2 weeks. Rates were actually set to move higher early this morni...
Thu, Jul 28 2016, 9:44 AM
I don’t know how it is that we only have two business days left in July – time flies. For me this month has included Honolulu, Denver, Sacramento, San...
Thu, Jul 28 2016, 9:06 AM
One tricky thing about technical analysis (things like moving averages and other mathematical formulas applied to charts in order to get them to cough...
