Fri, Aug 12 2016, 3:20 PM
In the middle of a prolonged period of negative real interest rates and loose monetary policy aimed at managing inflation and helping economies, fears...
Fri, Aug 12 2016, 12:43 PM
The following is a true story (though the names have been changed to protect privacy) of how Carey and Jan bought their new home despite no down payme...
Fri, Aug 12 2016, 9:56 AM
Loan officers are very interested in guidance on things like Disparate Treatment and Disparate Impact. What would happen if an originator offered a di...
Fri, Aug 12 2016, 9:08 AM
By Wednesday of this week, we were assessing the possibility of a positive break of the range in bonds. Yesterday, those hopes were dashed by a fai...
Fri, Aug 12 2016, 4:23 PM
Today was another nice, simple day for bond markets. Yields entered the domestic session slightly lower, thanks to weak data overseas. Even then, ...
Fri, Aug 12 2016, 3:37 PM
Just a day after bouncing firmly higher from the lowest levels in a month, mortgage rates are right back down to the bottom of the recent range. For s...
Thu, Aug 11 2016, 12:34 PM
The delinquency rate for mortgages on one-to-four residential properties fell in the second quarter of 2016 to its lowest rate in exactly ten years wh...
Thu, Aug 11 2016, 11:46 AM
There has been a lot of focus in recent years on two topics; the gradual but steady decline in the homeownership rate and the huge Millennial generati...
Thu, Aug 11 2016, 9:52 AM
The Mortgage Bankers Association is forecasting that new home sales in July were down by 8 percent compared to June. Sales during the month will surpa...
Thu, Aug 11 2016, 9:49 AM
As the productivity of the male part of our industry grinds to a screeching halt due to looking up “Beach volleyball cheerleaders” on Google Images, I...
Thu, Aug 11 2016, 9:41 AM
In July 2012 and July 2016, 10yr yields visit to all time lows was cordoned-off fairly neatly by yields in the 1.50-1.52 neighborhood. We've been t...
Thu, Aug 11 2016, 3:59 PM
Coming into today, bond markets were amped up. UK 10yr yields hit new all-time lows yesterday. German 10yr yields were close to hitting all-time l...
Thu, Aug 11 2016, 3:25 PM
Mortgage rates bounced higher today , after 2 solid days of improvement. In the bigger picture, rates are still closer to the lowest levels of the pas...
Wed, Aug 10 2016, 9:41 AM
It would be interesting to find out the last time some political candidate wasn't on the front page of all the major newspapers. What did we talk abou...
Wed, Aug 10 2016, 9:21 AM
A slight downturn in mortgage interest rates during the week ended August 5 was more than matched by a surge in mortgage activity. Once again it was r...
Wed, Aug 10 2016, 9:04 AM
First off, let's cover the huge drop in MBS prices overnight. Fannie 3.0s, for instance, closed at 103-29 and then began today at 103-23--all this de...
Wed, Aug 10 2016, 5:12 PM
Bonds strong overnight with more help from Europe
10yr Auction strong this afternoon with massive foreign support
1.52-1.62 range in 10yr yields...
Wed, Aug 10 2016, 4:27 PM
Mortgage rates improved again today , bringing them back in line with the lowest levels of the month. Considering that today is only the 10th day of t...
Wed, Aug 10 2016, 3:18 PM
Homebuyers and sellers are both apparently finding discounts and rebates readily available in the real estate world. Redfin, the Seattle-based real es...
Wed, Aug 10 2016, 3:15 PM
Instead of writing off citizens in their golden years - or in this case semi-golden - Dave Lowman suggests lenders view them as a business opportunity...
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...
