Mon, Oct 31 2016, 10:29 AM
The fourth and last of the August home price estimates is in and none of them show any slowing of appreciation. Among peers, Black Knight Financial Se...
Mon, Oct 31 2016, 10:25 AM
Here we are at Halloween already. Who will win the inter-department costume contest, shipping or accounting? And what could be more horrifying for a b...
Mon, Oct 31 2016, 10:15 AM
It's no mystery that the prevailing trend in bond markets has been negative for several months. At first , this was no big deal, as Treasury yields ...
Mon, Oct 31 2016, 5:09 PM
The last trading day of any given month is more volatile and more actively traded than the average trading day. That wasn't the case today, which i...
Mon, Oct 31 2016, 3:58 PM
Mortgage Rates moved sideways to slightly lower for the 2nd day in a row, after hitting the highest levels in 5 months on Thursday. While the positive...
Fri, Oct 28 2016, 12:49 PM
Consumer Financial Protection Bureau (CFPB) chief Richard Cordray announced on Thursday that his agency had issued warning letters regarding reporting...
Fri, Oct 28 2016, 11:38 AM
Here’s a letter that, as a lender, you probably don’t want to receive from the CFPB. Remember that the CFPB runs HMDA now, and fired this shot across ...
Fri, Oct 28 2016, 10:26 AM
It's going to be a while until we can truly sort out whether the current bout of bond market weakness is the same sort of correction seen in early 201...
Fri, Oct 28 2016, 4:48 PM
After 2 days of heavy selling in global bond markets, today was a relative paradise of inactivity. Volume remained rather high by historical standard...
Fri, Oct 28 2016, 3:40 PM
Mortgage Rates recovered slightly today, after hitting the highest levels in nearly 5 months yesterday. Unfortunately, that leaves today's rates with ...
Thu, Oct 27 2016, 11:48 AM
Large burdens of student debt have been blamed by many for the delay in homebuying that has characterized the Millennial generation. In a recent post ...
Thu, Oct 27 2016, 10:47 AM
Pending home sales bounced back in September after falling by 2.5 percent in August the National Association of Realtors® (NAR) said on Thursday. NAR'...
Thu, Oct 27 2016, 10:42 AM
Want to lend money? A common evaluation framework is the Five C's of Credit : capacity, capital, collateral, conditions and character. Let's see what'...
Thu, Oct 27 2016, 9:52 AM
Paul McCartney will only be signing about "bonds on the run" if he's in the market for a mortgage, because bonds are running in the wrong direction. ...
Thu, Oct 27 2016, 6:50 PM
Traders who reported seeing buying signals as 10yr yields approached 1.80 earlier this week would surely like to borrow a time machine . In retrospe...
Thu, Oct 27 2016, 2:23 PM
Mortgage Rates are much higher today, regardless of anything else you may have seen. Why am I alluding to other things you may have seen? Because it's...
Wed, Oct 26 2016, 10:49 AM
New home sales resumed their upward march in September, rising above August sales which had retreated significantly from a near decade-long high of 62...
Wed, Oct 26 2016, 9:42 AM
It is well documented that “women spend more time wondering what men are thinking than men spend thinking.” Lemon Drops move over! (For those of you w...
Wed, Oct 26 2016, 9:37 AM
Last week provided some hope for bond markets due to a relatively strong move off the recent highs. 10yr yields recovered from the previous week's 1....
Wed, Oct 26 2016, 8:12 AM
Mortgage applications declined on a seasonally adjusted basis during the week ended October 21 compared to the week ended October 14. The results for ...
Wed, Oct 26 2016, 5:41 PM
Bonds were stronger during Asian market hours this morning, but things changed quickly as European trading got underway. Relative to Treasuries, Euro...
Wed, Oct 26 2016, 4:37 PM
Mortgage Rates didn't move much today, with most lenders just slightly higher than yesterday. This keeps us right in line with the highest levels in m...
Tue, Oct 25 2016, 11:05 AM
Price gains accelerated in August, rising more year-over-year than they did in July according to data released today by both the Federal Housing Finan...
Tue, Oct 25 2016, 9:57 AM
The annual mortgage conference is in full swing, and I am sure that reports of “ 10 vendors for every 1 residential lender ” are exaggerated. Well, ma...
Tue, Oct 25 2016, 9:37 AM
At the risk of repeating a common refrain, rates have been rising gradually since July and in a more volatile way since early September. I've chalked...
Tue, Oct 25 2016, 4:58 PM
On the surface, today was a boring day for bond markets. 10yr yields ended less than a bp lower than yesterday's close and Fannie 3.0 MBS were comple...
Tue, Oct 25 2016, 4:05 PM
Mortgage Rates were unchanged in many cases today, with a handful of lenders inconsequentially better or worse versus yesterday's latest offerings. De...
Mon, Oct 24 2016, 9:40 AM
Are you wearing an Apple watch to that important business meeting? Maybe you shouldn’t , unless you don’t mind people listening in . How much does it ...
Mon, Oct 24 2016, 9:33 AM
Rates and yields have been trending steadily higher since hitting all-time lows in early July. Those lows were most immediately attributable to the B...
Mon, Oct 24 2016, 5:34 PM
Bond markets ended the day in moderately weaker territory today, despite starting out in the Green. What happened?
Today was refreshingly straight...
Mon, Oct 24 2016, 4:43 PM
Mortgage Rates bounced slightly higher for the first time in more than a week today, thus remaining in limbo near the highest levels in more than 4 mo...
Mon, Oct 24 2016, 2:46 PM
Fannie Mae and Freddie Mac each announced what appear to be essentially identical changes in their loan underwriting programs - Fannie calls its new o...
Mon, Oct 24 2016, 2:32 PM
In unusually personal prepared remarks, David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) told members gathered at the ass...
Fri, Oct 21 2016, 10:51 AM
Deja vu all over again? Freddie Mac says economic growth is recovering from a weak first half of the year, the labor market is holding steady and Fed ...
Fri, Oct 21 2016, 10:40 AM
Housing industry players have decried the absence of first-time homebuyers and the negative impact they have had on the housing recovery. Fannie Mae's...
Fri, Oct 21 2016, 10:11 AM
As thousands of folks prepare to head to Boston for the MBA’s conference, they may be asking, “What’s in my wallet?” Maybe a little less. The average ...
Fri, Oct 21 2016, 10:04 AM
As can be seen in this morning's chart (and remembered in the hearts and minds of loan originators who closely follow market movements), October has b...
Fri, Oct 21 2016, 4:38 PM
Bonds began the day roughly unchanged and rallied in the morning hours along with European bond markets. Most of the volume was in before 9:45 and th...
Fri, Oct 21 2016, 3:23 PM
Mortgage Rates held steady today, continuing a much-needed break from the move higher that dominated the first 2 weeks of October. While we've only se...
Thu, Oct 20 2016, 12:55 PM
There is an old saying that they don't build things like they used to, but it seems that houses at least are still built to last . The National Associ...
Thu, Oct 20 2016, 10:55 AM
There is a lot of upbeat news in the September existing home sales report released by the National Association of Realtors® (NAR) on Thursday. Sales r...
Thu, Oct 20 2016, 10:13 AM
Flying to Boston for the MBA’s conference? Here’s a view you won't see. But probably a more important question is, "Is your cyber secure?" The FFIEC j...
Thu, Oct 20 2016, 9:59 AM
The Fed is the ECB President Mario Draghi's childhood hero (with 'childhood' being a metaphorical term for the infancy of the ECB's response to the 20...
Thu, Oct 20 2016, 4:44 PM
Today was pretty anticlimactic . Most of my analysis is already available in the Day Ahead. If you're not the link-clicking type, it basically says...
Thu, Oct 20 2016, 3:59 PM
Mortgage Rates were lower again today, after the European Central Bank (ECB) avoided sending any scary signals about tapering its asset purchases. Muc...
Thu, Oct 20 2016, 1:00 PM
Refinancing continued to hold its ground during September, rising from 43 percent of all loan originations in August to 45 percent. Ellie Mae's Origin...
Wed, Oct 19 2016, 10:35 AM
The management teams at residential lenders across the nation have begun forecasting for 2017. Of course no one wants to tell their boss that they exp...
Wed, Oct 19 2016, 10:16 AM
Permits for construction of residential housing improved in September after several dismal months, but housing starts retreated from both August and y...
Wed, Oct 19 2016, 9:45 AM
After worldwide rates hit all-time lows on the heels of Brexit, they consolidated in a narrow, sideways pattern until someone came up with the next pl...
Wed, Oct 19 2016, 8:48 AM
The week ended October 14 was a quiet one for mortgage applications. The week started with one of those holidays, Columbus Day, that are only partiall...
