Mon, Jul 13 2015, 1:58 PM
When is the be-all end-all Greek bailout negotiation weekend not the be-all end-all Greek bailout negotiation? When it ends with both sides going ba...
Fri, Jul 10 2015, 11:18 AM
While the share of home sales accounted
for by distressed properties continues to drift lower, only two states are
approaching what could be consi...
Fri, Jul 10 2015, 11:12 AM
The Department of Housing and Urban Development
(HUD) has announced a final rule to help communities that receive HUD funds meet
their fair housing...
Fri, Jul 10 2015, 11:05 AM
The FDIC has updated the Compliance Examination Manual to include examination procedures for TRID
in order to allow financial institutions a bet...
Fri, Jul 10 2015, 7:32 AM
A trend channel is a set of two parallel lines connecting the highs and lows of a charted security. One way to visually describe a trend channel wi...
Fri, Jul 10 2015, 6:44 PM
Bond markets had been limping back toward slightly stronger territory heading into the afternoon. (Keep in mind, of course, that's stronger territo...
Fri, Jul 10 2015, 5:42 PM
Mortgage rates move sharply higher for a 2nd straight day, now fully erasing all of the improvement seen since July 1st. The same risky, volatil...
Fri, Jul 10 2015, 1:41 PM
To many, Greece is the boy who cried wolf when it comes to negotiating reforms in exchange for aid from its Eurozone creditors. So when the week be...
Fri, Jul 10 2015, 1:01 PM
One of the biggest challenges
(and greatest opportunities) loan officers face today is the maze of constantly
changing guidelines, programs, and pol...
Thu, Jul 9 2015, 12:34 PM
Domestic bond markets have taken part in a choppy, volatile, but reasonably strong move away from risk every day so far in July. That means rates hav...
Thu, Jul 9 2015, 11:48 AM
Catching up on servicing news, don't forget that the
FHFA will now require servicers of mortgages to have a minimum net
worth of $2.5mm plus 2...
Thu, Jul 9 2015, 8:04 AM
Payments
on a mortgage used to purchase a three-bedroom home were more affordable than
paying rent on a similar home in 66 percent of the counties...
Thu, Jul 9 2015, 7:32 AM
There's very little left on the domestic calendar this week in terms of economic data. Today brings only Jobless Claims in the morning and the 30yr...
Thu, Jul 9 2015, 6:57 PM
Mortgage rates rose fairly quickly
today, ending the best 4-day winning streak since early March. On a
positive note, this only takes us bac...
Thu, Jul 9 2015, 6:51 PM
The easiest promise to make for 2015 has been that of volatility . It's not the worst we've ever seen, but it continues at a healthy pace in terms o...
Wed, Jul 8 2015, 11:52 AM
For many lenders regardless of size, health care costs are expensive. Unfortunately it is about to become worse. The New York Times reports health in...
Wed, Jul 8 2015, 10:07 AM
The drop in interest
rates during the week ended July 3 sent mortgage application volume higher on a
seasonally adjusted basis but the shortened w...
Wed, Jul 8 2015, 7:33 AM
Bond market volatility (and indeed market volatility in general) continue to be a hallmark of 2015. This has been a common theme in financial news ...
Wed, Jul 8 2015, 6:59 PM
Mortgage rates moved lower at a healthy pace today, ultimately hitting the best levels in just over a month. It was the 4th straight day of impr...
Wed, Jul 8 2015, 6:52 PM
Treasuries began the overnight session moving lower in yield with Asian equities markets once again selling-off. Shortly after Europe came online, th...
Wed, Jul 8 2015, 4:08 PM
Another milestone was reached on Wednesday as the government
sponsored enterprises (GSEs) and their conservator the Federal Housing Finance
Agency m...
Wed, Jul 8 2015, 1:01 PM
Today's NYSE outage is all anyone can talk about at the moment, but markets haven't really paid it much attention. Keep in mind that a majority of ...
Tue, Jul 7 2015, 12:23 PM
Are you in debt? You're not alone - and check out this United States debt clock - enough to make your stomach turn over.
Back in February the Col...
Tue, Jul 7 2015, 7:33 AM
It's a tricky, deceptive, and interesting time to be watching or trading financial markets, let alone merely discussing them with friends, colleagues,...
Tue, Jul 7 2015, 5:37 PM
Mortgage rates put in a more mixed performance today, owing to volatility in underlying markets. The day began well, following overnight improve...
Tue, Jul 7 2015, 5:33 PM
The day began well for bond markets, led lower in yield by a sharp sell-off in the Euro currency overnight (lowest levels since June 1st). Other gl...
Tue, Jul 7 2015, 4:35 PM
Probably the headline take-away from Fannie Mae's June
National Housing Survey was the more upbeat attitude of potential home sellers
toward the hou...
Tue, Jul 7 2015, 3:46 PM
Home prices increases
decelerated slightly on an annual basis in May compared to April according to a
report from CoreLogic on Tuesday. The
comp...
Tue, Jul 7 2015, 1:14 PM
Whether it's Greece, China, commodities, wages, stock market corrections, or the Fed's rate hike outlook, global markets are moving away from risk so ...
Mon, Jul 6 2015, 12:37 PM
Treasuries have safe haven appeal on a global scale. This is frequently seen when Asian markets are open for the first few hours of each trading day ...
Mon, Jul 6 2015, 10:54 AM
In
legal & training news, "After years of grappling with the fallout
over legacy loans and the industry's pivot towards regulatory
compliance, t...
Mon, Jul 6 2015, 7:33 AM
Greece held their referendum over the weekend on whether to accept the most recent batch of reform proposals form Eurozone creditors, despite those ...
Mon, Jul 6 2015, 7:13 PM
MBS and Treasuries improved at a healthy clip today, and almost exclusively due to the referendum in Greece over the weekend. The opening yields in...
Mon, Jul 6 2015, 5:58 PM
Mortgage rates moved lower with more conviction to begin the week as global markets reacted to weekend events in Europe. Specifically, Greece ...
Mon, Jul 6 2015, 5:05 PM
Despite years of low interest rates an estimated 6.1 million
homeowners could still both qualify for and benefit from a traditional
refinance accord...
Thu, Jul 2 2015, 11:41 AM
The National Association of Realtors® reported last week
that f irst time buyers had increased their share of existing home sales in May
by two per...
Thu, Jul 2 2015, 11:39 AM
Bond markets came into the domestic session in markedly weaker territory, but not for any overt reason. Yields merely drifted defensively higher ahea...
Thu, Jul 2 2015, 10:15 AM
It
seems that lenders have had a more difficult time obtaining tax
information from the IRS this year. I collected the tax-related updates
ove...
Thu, Jul 2 2015, 7:33 AM
With markets closed tomorrow, NFP (the nonfarm payrolls component of the employment situation report) arrives a day early today, and despite all the f...
Thu, Jul 2 2015, 5:22 PM
Mortgage rates made an anti-climactic move lower today after the big jobs report proved slightly disappointing to markets. Stocks and bond yie...
Thu, Jul 2 2015, 5:18 PM
As far as days with big initial reactions to economic data go, today was about as boring as they come. The first part of the problem was the overnigh...
Thu, Jul 2 2015, 4:51 PM
In the S&P/Case-Shiller home price indices report for
April David M. Blitzer, Managing Director and
Chairman of the Index Committee at S&P Dow Jones...
Thu, Jul 2 2015, 4:01 PM
A new analysis by CoreLogic shows an increased risk of
mortgage application fraud associated with purchase loans while loans made for
refinancing ...
Wed, Jul 1 2015, 11:52 AM
Greece's chief export these days is red herring . More of them hit the market overnight as Tsipras allegedly sent a letter saying he agreed to almos...
Wed, Jul 1 2015, 11:38 AM
The Fourth of July is nearly here our very own Census Bureau has dished up some tasty numerical facts. The estimated U.S. population for July Fourth t...
Wed, Jul 1 2015, 10:26 AM
An unsigned article in the National Law Review takes another
look at the Federal Housing Finance Agency (FHFA)/Treasury Department handling
of the ...
Wed, Jul 1 2015, 10:22 AM
In a report prepared for submission to Congress the Federal Housing Finance Agency analyzes the guarantee fees charged by Freddie Mac and Fannie Mae (...
Wed, Jul 1 2015, 9:24 AM
Mortgage applications declined yet again during the week ended June
26. The Mortgage Bankers Association
(MBA) said its Market Composite Index, a...
Wed, Jul 1 2015, 7:33 AM
Yesterday saw a fairly noticeable swoop lower in bond prices (higher in yields) at the 3pm CME bond pit close. While we live in an increasingly ele...
Wed, Jul 1 2015, 5:39 PM
Mortgage rates gave up recently-enjoyed gains today. This brings them to the week's highest levels (and the 3rd highest in 2015) a day before th...
