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,...
Wed, Sep 28 2016, 5:33 PM
It was an interesting day for bond markets, mainly because there was such an immense amount of news that SEEMED like it should matter. The deluge o...
Wed, Sep 28 2016, 4:57 PM
Mortgage Rates finally took a break from their recent winning streak today. While there are a few lenders whose rates are just a hair lower than yeste...
Tue, Sep 27 2016, 10:38 AM
Fannie Mae has announced the implementation of a new version of its automated underwriting system . The company said Version 10.0 of Desktop Underwrit...
Tue, Sep 27 2016, 10:35 AM
While the annual gains in its nationwide index accelerated slightly in July the S&P CoreLogic Case-Shiller 10- and 20-City Composite Indices showed a ...
Tue, Sep 27 2016, 9:48 AM
The media, both social and unsocial, are filled with thoughts about the presidential debate last night. Housing was not an issue, since, overall, thin...
Tue, Sep 27 2016, 9:35 AM
Heading into last night's presidential debate, there had been a small amount of buzz among market participants about the potential ifs and thens. T...
Tue, Sep 27 2016, 4:31 PM
Glory was limited, in general, today. Most of it went to Treasuries as opposed to MBS. Put in plainer terms, 10yr yields fell 2-3bps on the day whil...
Tue, Sep 27 2016, 3:52 PM
Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day. The average lender is now offering the best rates in ne...
Mon, Sep 26 2016, 11:00 AM
After a spectacular run for new home sales in July, it was anticipated that August activity would be considerably more modest. While sales did retrenc...
Mon, Sep 26 2016, 10:10 AM
It seems that money managers and financial journalists will not relent in their calls for US bond yields to have reached a long-term floor this summer...
Mon, Sep 26 2016, 9:33 AM
Tonight we can all watch a big job interview on TV at 9PM ET. And whether it is money or other things, sometimes you if don’t ask for it, you won’t ge...
Mon, Sep 26 2016, 4:57 PM
Up until roughly September 9th, yields had been holding inside a narrow, consolidating range for nearly 3 months. They've since spent most of the pas...
Mon, Sep 26 2016, 3:50 PM
Mortgage Rates were lower again today, marking the 4th straight day of improvements and the 8th day without a meaningful increase. This brings the ave...
Mon, Sep 26 2016, 2:27 PM
Black Knight Financial Services released its Home Price Index (HPI) report for July on Monday and, unlike reports from CoreLogic and the Federal Housi...
Fri, Sep 23 2016, 10:45 AM
Refinancing jumped to 43 percent of all loans originated in August, a 6 percentage point higher share than in July. Ellie Mae's Origination Insight Re...
Fri, Sep 23 2016, 9:50 AM
While the industry is buzzing about how Wells Fargo has unfortunately killed any chance to reform the CFPB (i.e., cutting back its power or structure)...
Fri, Sep 23 2016, 9:42 AM
Bond markets have been surprisingly calm this week, given what's at stake. 3 weeks ago, we were faced with the new prospect of the European Central B...
Fri, Sep 23 2016, 3:58 PM
For MBS Live members, this recap will largely be a rehash of the day's most recent update which pointed out a consolidative range in force over the pa...
