Wed, Oct 19 2016, 2:46 PM
This month CoreLogic has combined their cash sales and distressed sales data into a single report rather than the two they have issued each month sinc...
Wed, Oct 19 2016, 2:38 PM
Fannie Mae says it expect economic growth will improve on its anemic performance in the first half of 2016 in the second half of the year, rising to 2...
Tue, Oct 18 2016, 10:48 AM
The Housing Market Index (HMI), a measure of home builder confidence in the new home market, gave back a bit of its September surge this month. The Na...
Tue, Oct 18 2016, 10:07 AM
Stephen Covey said, “The key is not to prioritize what's on your schedule, but to schedule your priorities." Catchy. Speaking of schedules, my cat Myr...
Tue, Oct 18 2016, 9:47 AM
As we approach Thursday's European Central Bank (ECB) announcement and press conference, we are seeing a clearer display of underlying market motivat...
Tue, Oct 18 2016, 5:19 PM
If you've been following along with updates on MBS Live , today's recap will be old hat. Long story short, bonds have been selling off in October an...
Tue, Oct 18 2016, 4:23 PM
Mortgage Rates moved slightly lower today, depending on the lender. During the morning hours, rates were roughly unchanged and thus remained in line w...
Mon, Oct 17 2016, 10:19 AM
Americans are staying put, both in their homes and in their jobs. The two appear to be related but which is the driving force? In a recent Urban Insti...
Mon, Oct 17 2016, 10:04 AM
If you are a residential lender and volume in the 3rd quarter was up about 10% over the 2nd quarter, you’re right in line. Industry sources, including...
Mon, Oct 17 2016, 9:43 AM
The European Central Bank (ECB) has been one of the driving forces behind ultra-low rates around the world for several years, thanks to an aggressive...
Mon, Oct 17 2016, 5:33 PM
It could be a volatile week for bond markets, and that volatility could kick the ongoing negative trend into higher gear. It would have taken quite ...
Mon, Oct 17 2016, 4:36 PM
Mortgage Rates remained near 4-month highs today, despite moderate improvement in underlying bond markets. The problem for most lenders was the timing...
Fri, Oct 14 2016, 12:53 PM
Sales of newly constructed homes ticked up 7 percent in September when compared on a non-seasonally adjusted basis to August according to the Mortgage...
Fri, Oct 14 2016, 10:49 AM
We’ll be following the big bank earnings today and next week, and those banks know a thing or two about personnel changes. Research by the Society for...
Fri, Oct 14 2016, 10:01 AM
Never forget, even in a perpetual long-term downtrend--even in a downtrend with more room to run in the bigger picture--there will be corrections towa...
Fri, Oct 14 2016, 5:52 PM
Ahhh, the good old mystery move! There are so many potential contributors to this afternoon's sharp sell-off in bonds that it scarcely makes sense to...
Fri, Oct 14 2016, 4:46 PM
Mortgage Rates remained under pressure today, moving right back to the highest levels in more than 4 months after only one day of recovery. This might...
Thu, Oct 13 2016, 9:53 AM
Earthquakes may just be the Rodney Dangerfield of natural disasters. They get no respect relative to most other natural disasters--likely due to the i...
Thu, Oct 13 2016, 9:43 AM
For all you mortgage execs in your 60s and 70s, who want to feel young again, you should join the YMPA: Young Mortgage Professionals Association . Nop...
Thu, Oct 13 2016, 9:12 AM
Even though yields have made new intraday highs on 9 out of the last 9 days, we may have seen some early clues about the selling trend leveling-off....
Thu, Oct 13 2016, 5:04 PM
Corrections and consolidations are a natural part of market movements. It's uncommon for losing streaks to last more than 8 straight days without rep...
Thu, Oct 13 2016, 4:13 PM
Mortgage Rates managed to make modest gains today, moving just slightly lower for the average lender. That's a welcome development after 10 straight d...
Wed, Oct 12 2016, 9:51 AM
“This is a case about executive power and individual liberty. The U.S. Government’s executive power to enforce federal law against private citizens…is...
Wed, Oct 12 2016, 9:17 AM
The Mortgage Bankers Association (MBA) reported that mortgage applications were down significantly during the week ended October 7, probably respondin...
Wed, Oct 12 2016, 9:12 AM
Today brings the release of the MINUTES from the most recent FOMC meeting. This is distinct event from the ANNOUNCEMENT that happened about 3 weeks...
Wed, Oct 12 2016, 5:28 PM
No one was really sure what the Fed Minutes possibly could have said to surprise markets, but that didn't stop traders from pricing-in a bit of defe...
Wed, Oct 12 2016, 4:33 PM
In and of itself, today wasn't too bad of a day. Mortgage Rates were only slightly higher, and were generally unfazed by the release of the Minutes fr...
Wed, Oct 12 2016, 1:31 PM
Anyone who has been paying attention must know that the national homeownership rate, which has been dropping for over a decade , is now at a 50-year l...
Wed, Oct 12 2016, 1:17 PM
A federal appeals court has set aside a massive fine against mortgage lender PHH Corporation and declared that the Consumer Financial Protection Burea...
Tue, Oct 11 2016, 9:57 AM
Fannie Mae acknowledged last week that their form of Acknowledgement Agreement with lenders is " overly complicated and full of dense legal language" ...
Tue, Oct 11 2016, 9:49 AM
As they have following other natural disasters, both Fannie Mae and Freddie Mac have announced that their "full menu of disaster relief policies" will...
Tue, Oct 11 2016, 9:43 AM
CoreLogic reported on Tuesday that all major indicators of housing distress declined by double digits over the last year. The company's August Nationa...
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...
