Mon, Nov 9 2015, 2:35 PM
Freddie Mac is counting on an approach to delinquent borrowers
it developed during the foreclosure crisis to forestall any new problems some
of thos...
Mon, Nov 9 2015, 1:37 PM
Last Friday's NFP had immediate implications for financial markets. It meant that there could now be a relatively unanimous agreement on a December r...
Fri, Nov 6 2015, 10:50 AM
When the question is asked whether or not it is a good time
to buy a house the flip side is always "or is it better to rent?" The answer usually has...
Fri, Nov 6 2015, 10:18 AM
The share of first-time buyers is at the second lowest level
in over 30 years the National Association of Realtors (NAR) said on
Thursday. The 2015...
Fri, Nov 6 2015, 10:05 AM
"Every
saint has a past, and every sinner has a future." The mortgage industry
has both, and it is important to remember that individuals and
co...
Fri, Nov 6 2015, 7:33 AM
The inspiration for today's notes comes--as it sometimes does--from something I read and wholeheartedly disagreed with. The piece in question isn't b...
Fri, Nov 6 2015, 5:26 PM
Mortgage rates leaped significantly higher today, following an exceptionally strong jobs report. Typically released on the first Friday of every ...
Fri, Nov 6 2015, 5:25 PM
Today's jobs data was every bit as strong as the last one was weak. Remember that? A month ago, the thesis was that there were no silver linings i...
Fri, Nov 6 2015, 1:16 PM
Bond markets may well have been able to imagine a situation where NFP came in weak enough for some traders to doubt the Fed's resolve in hiking rates ...
Thu, Nov 5 2015, 10:50 AM
It seems that
homeowners can again reasonably expect that investing in a home might be a real
investment . While buying a home
certainly isn't a ...
Thu, Nov 5 2015, 10:45 AM
An increase in conforming loan program offerings helped
boost the Mortgage Bankers Association's (MBA's) measure of credit access in
October. MBA...
Thu, Nov 5 2015, 9:44 AM
The MBA spread the word that in Congress the House is going to vote today on ending "using gfees to support the highway program " today. "We sent a ...
Thu, Nov 5 2015, 8:50 AM
For some of you, the current goings-on in markets will make lots of sense and indeed, further analysis can't help but be redundant. If that's you, fe...
Thu, Nov 5 2015, 5:24 PM
If you're just looking at the 2-day chart, bond markets did a decent job of pushing back toward positive territory today. That was especially true ...
Thu, Nov 5 2015, 4:17 PM
Mortgage rates rose at a slightly gentler pace today, but that's little consolation considering that any move higher increasingly pushes into the ...
Thu, Nov 5 2015, 1:02 PM
I made a reference to the methodical nature of the recent bond market weakness in t his morning's commentary . Today's trading has simply marked ...
Wed, Nov 4 2015, 9:06 AM
No
sooner does the commentary (once again) mention cyberattacks than the
FFIEC comes out with a bulletin yesterday on the escalating number of ...
Wed, Nov 4 2015, 8:12 AM
Mortgage application
volume was essentially flat during the week ended October 30. The Mortgage Bankers Association (MBA) said
its Market Composi...
Wed, Nov 4 2015, 8:11 AM
It's a special time for bond markets where the interest of bulls and bears are relatively aligned . Unfortunately for those of us watching from the ...
Wed, Nov 4 2015, 5:24 PM
Bonds began the day in fine shape, but not without a good amount of assumed anxiety ahead of data and Yellen. Still, Treasuries did reasonably well...
Wed, Nov 4 2015, 4:15 PM
Mortgage rates maintained their upward momentum today, rising to the highest levels since late September after Janet Yellen confirmed the Fed's ra...
Wed, Nov 4 2015, 3:32 PM
Sales of distressed properties, an
increasingly negligible portion of all home sales, slipped even further in
August. Sales of lender owned or RE...
Wed, Nov 4 2015, 3:28 PM
Fannie Mae has released another set of changes to its Selling Guide. The changes are in the following categories:
Refund of Loan-Level Price Ad...
Wed, Nov 4 2015, 1:33 PM
This morning's economic data had moderate impact on bond market trading levels. The two key releases were ADP Employment and ISM Non-Manufacturing....
Tue, Nov 3 2015, 10:58 AM
Mortgage lenders may be missing out on an opportunity to
offer consumers something they are asking for - a wider use of mobile
technology in the m...
Tue, Nov 3 2015, 10:49 AM
After two months of 6.9 percent annual home price increases the September gain
reported by CoreLogic slipped slightly .
The company said its Home ...
Tue, Nov 3 2015, 10:46 AM
Are
we heading for a "Pearl Harbor" type event in the internet? Possibly,
and cyber security is certainly becoming critical . And it just isn't
...
Tue, Nov 3 2015, 8:18 AM
10yr yields hit the highest levels since September 25th yesterday, but that's about the most interesting thing that could be said about the trading ...
Tue, Nov 3 2015, 5:42 PM
Ongoing, firm, measured selling efforts are exactly what we would expect from a market that was caught somewhat off-guard by last week's FOMC Announce...
Tue, Nov 3 2015, 4:38 PM
Mortgage rates rose at a quicker pace today, bringing them up to the highest levels in more than a month. October saw several of the more aggress...
Tue, Nov 3 2015, 1:12 PM
Bonds remain under an amount of pressure that is something less than extreme and something much greater than insignificant. MBS continue to outperfor...
Mon, Nov 2 2015, 12:54 PM
Last Friday, bond markets made a small push back against the substantial selling spree on Wednesday and Thursday. Unfortunately, it always stood some...
Mon, Nov 2 2015, 10:09 AM
There was a sizable increase in mortgage originations for
condominiums and cooperatives in the second quarter of 2015. Purchase applications ros...
Mon, Nov 2 2015, 9:14 AM
November
already? Thanksgiving is approaching, and in honor of that I shot my
first turkey yesterday. Scared everyone in the frozen food's section...
Mon, Nov 2 2015, 8:26 AM
To reiterate the most important takeaway from last week, the verbiage change in the FOMC Announcement was a big deal . When viewed in conjunction wi...
Mon, Nov 2 2015, 5:40 PM
Bond markets began the day under pressure from decent economic data in Europe and the continuation of generally negative momentum coming off last week...
Mon, Nov 2 2015, 5:03 PM
Mortgage rates continued slightly higher today, after hitting 1-month highs late last week. In general, the mortgage rate environment has been un...
Mon, Nov 2 2015, 2:40 PM
Purchase
lending in June was at its highest level since the beginning of the housing
crisis and early reports from the third quarter indicate that...
Mon, Nov 2 2015, 1:14 PM
Residential
construction spending performed slightly better than construction spending as a
whole in September although the entire construction se...
Fri, Oct 30 2015, 10:24 AM
Besides
the adults taking over Halloween, and the underwriting department
duking it out with accounting to see who takes home this year's
depart...
Fri, Oct 30 2015, 7:32 AM
One of my favorite little snippets of analytical wisdom (or perhaps it's an out that I leave myself in case I'm wrong... yes, that's probably it) is s...
Fri, Oct 30 2015, 5:03 PM
Bond markets continued to trade resiliently through the close today with the help of month-end buying demand. A small-scale battle played out earli...
Fri, Oct 30 2015, 3:10 PM
Mortgage rates avoided any further damage today after moving to the highest levels in a month yesterday. The past two days made for the sharpest ...
Fri, Oct 30 2015, 1:29 PM
Incidents of fraudulent mortgage applications remained stable
in the second quarter of 2015. CoreLogic,
in its Fraud Report for the quarter, esti...
Fri, Oct 30 2015, 1:12 PM
I was going to title this mid-day post something like "uneventfully holding most of yesterday's losses," but I almost fell asleep just writing it. Th...
Thu, Oct 29 2015, 12:59 PM
Yesterday was obviously bad for bond markets. The shift in tone from the Fed caught many market participants off guard. Since the announcement, Fed ...
Thu, Oct 29 2015, 10:47 AM
It wasn't just new home sales that slipped in September. The National Association of Realtors® (NAR)
reports that pending sales also cooled; dipping...
Thu, Oct 29 2015, 10:43 AM
Let's
start with something non-mortgage related but that may be of interest
to some. Who doesn't go faster than the posted speed limit on a freewa...
Thu, Oct 29 2015, 7:32 AM
MBS Live cornerstone Andy Pada reminded me yesterday that I was pretty sure the Fed was going to hike in September. Indeed, I was relatively passiona...
Thu, Oct 29 2015, 5:30 PM
10yr yields have gone from around 2 percent to 2.17% in 2 days thanks to the Fed's sucker punch. Mind you, this would be a lot worse if some of the m...
