Mon, Mar 28 2016, 12:18 PM
Banks and non-bank mortgage companies aren’t enemies, but plenty of non-bank lenders are envious of the ability of banks to offer HELOCs and other p...
Mon, Mar 28 2016, 10:42 AM
Countering an earlier disappointing report on existing home sales in February, pending home sales reached their highest levels in seven months Counte...
Mon, Mar 28 2016, 8:49 AM
As bond markets continued to grind sideways, seemingly unable to (or "not yet willing?") to break below some key technical levels (see chart), this we...
Mon, Mar 28 2016, 7:12 PM
Quiet overnight trading session with European markets closed
Economic data was mixed and left bond markets generally uninspired
Treasuries and M...
Mon, Mar 28 2016, 5:22 PM
Mortgage rates were decidedly mixed today, depending on the lender. Some were in better shape compared to last Thursday (markets were closed on ...
Thu, Mar 24 2016, 12:19 PM
Areas deemed as having homes that were less affordable than their historic norms rose by 7 percentage points from the first quarter of 2015 to the fir...
Thu, Mar 24 2016, 10:06 AM
The past year closed out with the lowest level of all-cash sales since the first days of the housing crisis. CoreLogic said on Thursday that 33.4 p...
Thu, Mar 24 2016, 9:54 AM
After a worrisome spike in January , foreclosure activity settled back down in February, with some metrics reaching multi-year lows. Black Knight Fi...
Thu, Mar 24 2016, 9:49 AM
It could be a little like the fabled barn door - closed but locking up little more than hay and manure - but the Federal Housing Finance Agency (FHFA)...
Thu, Mar 24 2016, 9:45 AM
Eligibility for specific exemptions to the Qualified Mortgage (QA) that apply to small creditors operating in rural or underserved areas Eligibility ...
Thu, Mar 24 2016, 9:31 AM
Home Value Forecast recently analyzed the impact these foreclosure laws are having on the U.S. Housing Market-particularly in the communities of Ph...
Thu, Mar 24 2016, 8:32 AM
Bond markets close early (2pm ET), and market participation should reflect the rush for the exits
Translation: liquidity and volume should die down...
Thu, Mar 24 2016, 5:10 PM
10yr yields ended the week right where they began it (1.90%)
Same can't be said of MBS, Fannie 3.0s lost ground on the week
Durable Goods data h...
Thu, Mar 24 2016, 4:18 PM
Mortgage rates reversed course today, heading back toward the higher levels seen earlier in the week. It's no mystery that rates have been payin...
Wed, Mar 23 2016, 11:30 AM
Everyone knows Pre-Fund and Post Close QC audits are essential and mandatory . But, with the ever changing agency requirements, many lenders find it ...
Wed, Mar 23 2016, 11:05 AM
Sales of newly constructed single-family homes did a partial bounce back in February from a disappointing January in which sales dropped by over 9 per...
Wed, Mar 23 2016, 9:08 AM
After breaking above 1.92%, technicals get interesting for 10yr yields
Bigger-picture uptrends in rates at risk of continuing
Last full day of t...
Wed, Mar 23 2016, 8:09 AM
There was a little bit of Groundhog Day in last week's results from the Mortgage Bankers Association's (MBA's) Weekly Mortgage Application Survey. Th...
Wed, Mar 23 2016, 6:40 PM
Much like yesterday, bond markets experienced a somewhat abrupt intraday swing that lacked overt motivation. This time, however, rates were heading...
Wed, Mar 23 2016, 5:27 PM
Mortgage rates moved slightly lower today, recovering some of their losses from the first two days of the week. The average lender continues to ...
Tue, Mar 22 2016, 10:29 AM
Fannie Mae's Economic Summary for March reports an improvement in financial market conditions and reduced concerns about an imminent risk of reces...
Tue, Mar 22 2016, 10:20 AM
After a revision to previously reported December numbers the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) has now risen by one-h...
Tue, Mar 22 2016, 10:05 AM
A major conversation topic is how lenders must adhere to a new certification when making a Federal Housing Administration-backed mortgage. The FHA u...
Tue, Mar 22 2016, 8:47 AM
Last week introduced the possibility that March's bearish trend was reversing
yesterday's weakness failed to confirm that reversal
It's still po...
Tue, Mar 22 2016, 6:33 PM
Treasuries gain overnight on flight-to-safety surrounding Brussels terror attacks
rates struggled to break overnight lows in morning trading
Af...
Tue, Mar 22 2016, 5:37 PM
Mortgage rates moved higher again today, casting a bigger shadow on last week's improvements. Rates haven't yet returned to the higher levels se...
Mon, Mar 21 2016, 11:29 AM
Research by RealtyTrac finds the percentage of homes that were bought and sold within 12 months (i.e. flipped) soared to 5.5% of all homes, reaching a...
Mon, Mar 21 2016, 11:18 AM
"Fizzle" was the description the National Association of Realtors® (NAR's) used for existing home sales in February. Those sales, which had increased...
Mon, Mar 21 2016, 8:37 AM
SIFMA recommended early close for markets ( 2pm ET) on Thu and full close on Friday
Friday is NOT a bank holiday
Bond markets in equivocal ter...
Mon, Mar 21 2016, 5:39 PM
Mortgage rates moved higher to begin the new week as stocks and oil prices moved up from Friday afternoon's lows. Today's increases cast a shad...
Mon, Mar 21 2016, 3:38 PM
The average single family builder achieved revenue of just over $16 million in 2014 and posted an average net pre-tax profit of $1 million . The Nat...
Fri, Mar 18 2016, 10:15 AM
Tomorrow's commentary has some notes about W.J. Bradley and also a stinging rebuttal to Richard Cordray's continued reliance on enforcement actions, b...
Fri, Mar 18 2016, 9:23 AM
No econ data on tap apart from Consumer Sentiment
Oil surging, how much does it matter?
Bonds trying to confirm technical bounce, but not quite ...
Fri, Mar 18 2016, 4:30 PM
5 straight days of lower closing yields in Treasuries
Almost 5 straight days of higher closes for MBS
In both cases, 90%+ of the gains followed ...
Fri, Mar 18 2016, 3:56 PM
Mortgage rates didn't move much today, but of the lenders with noticeable differences versus yesterday, most were just slightly lower. That mean...
Thu, Mar 17 2016, 12:35 PM
The new Truth-in-Lending disclosure (TRID) rule is being blamed for a sharp decline in the per loan profitability of mortgage lenders. The Mortgage...
Thu, Mar 17 2016, 10:40 AM
The FHA has released new loan-level and annual lender-level certifications which it said it expects will provide better clarity to lenders about FHA...
Thu, Mar 17 2016, 10:35 AM
It's not exactly a startling concept but one that has been underlined by recent events; there is a strong correlation between the performance of the...
Thu, Mar 17 2016, 10:25 AM
Ellie Mae's Origination
Insight Report published on Wednesday by Ellie Mae shows there was a sharp
decline in the time it took to close a loan i...
Thu, Mar 17 2016, 10:22 AM
A North Carolina builder knows how to give Millennials want they want. Garman Homes, based out of Cary, NC has created Fresh Paint, a brand catered t...
Thu, Mar 17 2016, 8:40 AM
The day begins with bond markets holding yesterday's post-Fed rally, and adding to the gains overnight. In fact, we've seen enough of an improvement ...
Thu, Mar 17 2016, 4:42 PM
Stocks and oil closed at 2016 highs
Corporate bond supply also added pressure on Treasuries/MBS
But bonds held their ground with MBS outperformi...
Thu, Mar 17 2016, 3:51 PM
Almost any major media outlet that covers financial news will have a story out today regarding this week's mortgage rates being higher than last week'...
Wed, Mar 16 2016, 10:04 AM
Does anyone really know for sure what happens in China? With that many billion people there are a lot of moving parts. For example, the PBOC is easin...
Wed, Mar 16 2016, 9:49 AM
Housing starts recovered from a disappointing January report in February but permits declined for the third consecutive month according to data rele...
Wed, Mar 16 2016, 9:46 AM
Rising interest rates took their toll on mortgage application activity last week. The Mortgage Bankers Association (MBA) said that application volu...
Wed, Mar 16 2016, 8:31 AM
The Fed began its 2-day policy setting meeting yesterday and, by now, is likely already well on its way to finalizing the text of today's announceme...
Wed, Mar 16 2016, 5:19 PM
Mortgage rates moved lower today, but the amount was not only smaller than underlying market movement suggested, it also varied widely from lend...
Wed, Mar 16 2016, 5:07 PM
Bond markets rallied rather impressively today following the FOMC Announcement. Actually, it was really the Fed's economic projections (aka, the "d...
Wed, Mar 16 2016, 2:01 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in Dece...
