Thu, Mar 10 2016, 11:54 AM
The share of homeowners with positive equity in their homes crossed the 90 percent mark in 2015 according to CoreLogic. Over the course of the year ...
Thu, Mar 10 2016, 10:51 AM
Settlement is the name of the game for lenders, investors...and the rating agencies. Moody's Investors Service Inc. a greed to pay $130 million ...
Thu, Mar 10 2016, 8:38 AM
The European Central Bank (ECB) broke with tradition to some extent, as it announced several policy changes in the 7:45am press release. This relea...
Thu, Mar 10 2016, 5:26 PM
Mortgage rates continued higher today, making it back to levels last seen in late January. Today's key event was a policy announcement from the Eur...
Thu, Mar 10 2016, 5:26 PM
ECB unveils bigger-than-expected package of rate cuts and QE purchases
Then Draghi says the magic words (in a nutshell: no more rate cuts)
Stock...
Wed, Mar 9 2016, 9:08 AM
Regulators don't like the unregulated, and in what some would term, "the CFPB inviting more into its boat to be bashed with oars," it announced it is ...
Wed, Mar 9 2016, 8:58 AM
Yesterday's fears: that the gains were just a byproduct of trading positions
Particularly, bond bears were covering bets on higher rates
Trader...
Wed, Mar 9 2016, 8:14 AM
Mortgage application activity during the week ended March 4 was, at best, lackluster with a small gain in purchase mortgage applications offsetting a ...
Wed, Mar 9 2016, 4:43 PM
Mortgage rates bounced higher today, moving all the way back to the highest levels since early February. While that sounds quite dramatic, the same...
Tue, Mar 8 2016, 11:52 AM
The national foreclosure inventory dropped by about a
quarter year over year, bringing the number of homes in the process of
foreclosure at the end ...
Tue, Mar 8 2016, 11:36 AM
The most dramatic change in responses to Fannie Mae's most recent National Housing Survey was in the net number of Americans who think home prices are...
Tue, Mar 8 2016, 11:28 AM
Even as the share of originations going for refinancing began to flag in the fourth quarter of 2015 the cash-out share of those refinancing increased....
Tue, Mar 8 2016, 10:50 AM
Overheard the other day: a young person telling a friend, "Why should I get a loan now? I am going to wait for negative rates here in the U.S. so bank...
Tue, Mar 8 2016, 8:52 AM
The past week has been unpleasant for bond markets, to say the least. Even before that, the strong bounce off the long-term lows in mid-February fo...
Tue, Mar 8 2016, 5:33 PM
Treasuries much stronger overnight, following weak Chinese trade data, strong Japanese bond market gains, and decent European bond market gains
Bon...
Tue, Mar 8 2016, 4:46 PM
Mortgage rates moved lower today, regaining a good amount of the ground lost over the past few days. The average lender rate sheet is back in lin...
Mon, Mar 7 2016, 11:27 AM
The sharp drop in interest rates that began 2016 has had a very real impact on the so-called "refinanceable" population of homeowners. Black Knight...
Mon, Mar 7 2016, 10:41 AM
Three financial regulatory agencies have clarified current rules on the use of appraisals versus property evaluations Three financial regulatory agen...
Mon, Mar 7 2016, 10:33 AM
Well it's that time of year again, yup, election season. As you may or may not know with all the fireworks going on, a fellow mortgage industry member...
Mon, Mar 7 2016, 8:41 AM
Bond markets obviously had a pretty rough go of it last week, having broken out of the sideways trend that followed early February's long-term lows. ...
Mon, Mar 7 2016, 5:42 PM
Big rally in oil brings stocks back up and keeps pressure on bonds
Corporate debt supply also hurt Treasuries specifically, but earlier in the day ...
Mon, Mar 7 2016, 5:10 PM
Mortgage rates moved only slightly higher today on average. Some lenders were effectively unchanged from Friday, which is impressive considering t...
Fri, Mar 4 2016, 12:13 PM
Lenders, especially mortgage banks and larger lending institutions, are increasingly pessimistic about their profits. Fannie Mae says that response...
Fri, Mar 4 2016, 9:23 AM
This is the only day of the year that sounds like a military command: "March Forth"! That is certainly not as interesting as the SAT eliminating "tri...
Fri, Mar 4 2016, 8:23 AM
"Stop me if you've heard this one before. There's this epic long-term inflection point defined by 10yr yield levels 1.84-1.86. It stretches back to 2...
Fri, Mar 4 2016, 5:53 PM
Jobs report was good, mostly (242k vs 190k forecast, but some internal weakness)
10yr yields breaking 1.84 support is bad
10yr yields holding un...
Fri, Mar 4 2016, 5:10 PM
Mortgage rates moved only moderately higher today after the Employment Situation report came out much stronger than expected. The all-important jo...
Thu, Mar 3 2016, 12:49 PM
Freddie Mac and Fannie Mae have long advocated for homebuyer education but as Freddie Mac points out in this month's edition of Insight and Outlook, ...
Thu, Mar 3 2016, 9:58 AM
Any loosening of credit access in February was offset by
tightening by other programs the Mortgage Bankers Association (MBA) said on
Thursday. Cons...
Thu, Mar 3 2016, 9:52 AM
Household debt increased 0.4% in the fourth quarter, according to the NY Fed . Student loan and auto loan financing are growing the most, while mort...
Thu, Mar 3 2016, 8:31 AM
Let's not overcomplicate things too much when it comes to the 2016 bond market rally. In fact, let's move in the other direction for a moment and con...
Thu, Mar 3 2016, 5:28 PM
Bonds slightly weaker overnight; low volume; lack of inspiration
Domestic trading stayed very flat until 11:20am
Bonds rallied sharply but bri...
Thu, Mar 3 2016, 4:31 PM
Mortgage rates began the day slightly higher, on average, but managed to make it back in line with yesterday's levels by the afternoon. Some lend...
Wed, Mar 2 2016, 10:55 AM
March... St. Patrick's Day, the religious holiday to honor St. Patrick who introduced Christianity to Ireland in the fifth century. Fortunately there ...
Wed, Mar 2 2016, 9:50 AM
Despite slightly lower interest rates mortgage applications slowed during the week ended February 26. The Mortgage Bankers Association's (MBA) said m...
Wed, Mar 2 2016, 7:31 AM
We're getting into some tricky territory with respect to market behavior and predicting the future. 2016 has been fairly unidimensional so far. B...
Wed, Mar 2 2016, 5:40 PM
Treasuries flat overnight, despite various cues in other markets
Bonds move weaker following ADP data, but damage immediately contained
Rest of ...
Wed, Mar 2 2016, 4:38 PM
Mortgage rates continued farther into to the highest levels since early February today. The current territory is important in the bigger pi...
Wed, Mar 2 2016, 1:46 PM
Only slightly more than 10 percent of all home sales in December were distressed properties. CoreLogic said on Wednesday that sales of lender owned r...
Wed, Mar 2 2016, 1:45 PM
The National Association of Home Builders (NAHB) took an in-depth look at one aspect of the Census Bureau's report on January construction expenditure...
Tue, Mar 1 2016, 12:04 PM
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Tue, Mar 1 2016, 11:56 AM
Home prices rose 0.1 percent in December according to Black
Knight Financial Services. The company's
Home Price Index (HPI) ended the month at $253...
Tue, Mar 1 2016, 11:32 AM
Publicly funded construction accounted for most of the gain in overall construction spending in January. The Census Department said on Tuesday that...
Tue, Mar 1 2016, 10:57 AM
I head to Atlanta today for a conference on preventing fraud, and decided to see what its housing market has been up to recently. It turns out that At...
Tue, Mar 1 2016, 7:31 AM
Whether you fancy a tug-o-war analogy, or perhaps even a good old case of dueling banjos, US bond markets have been in the middle of a relative batt...
Tue, Mar 1 2016, 5:44 PM
Stock rally hurts bonds
Even before that, corporate issuance added pressure
New March trading position-taking (and ultimately, profit-taking and...
Tue, Mar 1 2016, 5:03 PM
Mortgage rates moved quickly higher today, bringing them to levels not seen since early February. It continues to be the case that context is impor...
Mon, Feb 29 2016, 11:00 AM
Pending home sales kicked off 2016 by declining nationally and in three of the country's four regions. The National Association of Realtors® (NAR) sa...
Mon, Feb 29 2016, 10:58 AM
Why has one of the nation's most critical issues been missing from the presidential debates? Faith Schwartz, CoreLogic's Senior Vice President for ...
Mon, Feb 29 2016, 10:31 AM
Lenders everywhere are looking forward to a great March given their swollen locked pipelines . As thousands of operations folks descend on Ellie's co...
