Tue, Oct 20 2015, 5:26 PM
There
was good news and bad news from the Mortgage Bankers Association (MBA) as it
made 2016 economic predictions to its members gathered in San D...
Tue, Oct 20 2015, 5:25 PM
Fannie Mae has announced three enhancements of data used
through its Desktop Underwriter (DU) system which it says will bring more certainty and sim...
Tue, Oct 20 2015, 4:35 PM
Mortgage rates were moderately higher today, ending a 4 day streak near the lowest levels in more than 5 months. To be fair, the streak isn't tec...
Mon, Oct 19 2015, 10:49 AM
In a recent post on its blog CoreLogic points out it is the
rare appraiser who comes up with a perfect comp - i.e. a house of the same size
and co...
Mon, Oct 19 2015, 10:44 AM
It is official, the slump in builder
confidence is over. The National
Association of Home Builders (NAHB) said today that ten years after it began
...
Mon, Oct 19 2015, 10:39 AM
From my narrow view, the big talk of the San Diego MBA conference so far? Fannie & Freddie's rep & warrant changes, the FHA's position on the CFP...
Mon, Oct 19 2015, 7:33 AM
I remember when I used to think that certain super smart, well-connected, high-powered traders actually knew where rates would be heading with better ...
Mon, Oct 19 2015, 5:00 PM
Time for another installment of "the headline is the recap." Bond markets sold-off a bit at noon and came back to end just barely inside positive ter...
Mon, Oct 19 2015, 4:27 PM
It wouldn't have taken much for mortgage rates to outdo themselves in terms of volatility when compared to the past few business days. Last Thu...
Mon, Oct 19 2015, 3:47 PM
The
three Republican and one Democrat candidates who unexpectedly lead in the polls
are, David Stevens President of the Mortgage Bankers Association...
Mon, Oct 19 2015, 2:15 PM
Bond markets were weaker during the overnight session--at least at first. The easiest scapegoat for that weakness was the less-than-awful GDP print ...
Fri, Oct 16 2015, 10:23 AM
The Consumer Financial Protection Bureau (CFPB) has issued its final
rule outlining information lenders must report under the Home Mortgage
Disclos...
Fri, Oct 16 2015, 10:12 AM
I
am driving to the San Diego conference and bunked down in Santa Barbara
for the night. It is a friendly place, but news reached me reminding me
...
Fri, Oct 16 2015, 7:51 AM
The October Fed meeting is still more than a week away, but it already looks like bond markets are preparing for it. Preparation for big events often...
Fri, Oct 16 2015, 7:20 PM
Stocks put in another day of gains today. This is important for 2 reasons. First, they--and by "they," I mean the S&P and S&P futures, which is the ...
Fri, Oct 16 2015, 5:13 PM
Mortgage rates had a tremendously uneventful day, holding roughly the same levels as those seen yesterday and the day before. In this case, a lac...
Fri, Oct 16 2015, 2:27 PM
Friday's trading has been slightly less exciting and has cut a much narrower range than Thursday's trading. Markets might as well not even be open ....
Thu, Oct 15 2015, 10:42 AM
RealtyTrac
released both its September and third quarter data on foreclosure activity on
Thursday. A total of 109,130
U.S. properties had foreclosu...
Thu, Oct 15 2015, 10:37 AM
If
I was a giving a presentation to a bunch of real estate agents I'd want
them to know that I know all about the local job market. The Census
B...
Thu, Oct 15 2015, 7:54 PM
MBS and Treasury yields moved into weaker territory after the 8:30am release of CPI and Jobless Claims this morning. One can only surmise that invest...
Thu, Oct 15 2015, 7:33 AM
Nothing like a good tragedy for lighthearted mid-week viewing as far as bond markets are concerned. Various global economies' data is growing ever we...
Thu, Oct 15 2015, 4:48 PM
Mortgage rates managed to hold their ground for the most part today. This is good to see, considering that the broader bond market had a tougher ...
Thu, Oct 15 2015, 1:34 PM
The overnight session began with markets showing their collective hand as stock prices and bond yields moved higher together. It's as if the memo wen...
Wed, Oct 14 2015, 10:42 AM
Where
are the residential refis coming from? I hear that there is the usual
mix of rate & term (as ARM loans adjust, or borrowers actually look
...
Wed, Oct 14 2015, 9:12 AM
Mortgage applications thus far in October's have scored a net gain of...
just about nothing, falling almost perfect victim to Newton's Third Law last...
Wed, Oct 14 2015, 8:46 AM
Bond markets love negative economic data--especially when the Fed is ostensibly waiting for domestic economic data to merely hold steady in order to j...
Wed, Oct 14 2015, 7:13 PM
One year ago today, things "got real" for bond markets as they leaped into significantly stronger territory, ultimately ending the day at the best clo...
Wed, Oct 14 2015, 5:13 PM
Mortgage rates dropped quickly today, getting them much of the way back to lows seen at the beginning of the month. For context, there has only b...
Wed, Oct 14 2015, 2:34 PM
Even a slew of corporate bond issuance isn't holding back bond markets from another strong move lower in yield today. In fact, in a break from the ...
Tue, Oct 13 2015, 10:47 AM
Foreclosure
indicators are continuing at levels well above those considered normal by the
housing industry, and that CoreLogic said in its August ...
Tue, Oct 13 2015, 10:45 AM
The Treasury Department has announced that under the Foreign Account Tax Compliance Act it will share information with 34 nations ,
including India...
Tue, Oct 13 2015, 9:15 AM
The surprisingly weak NFP at the beginning of October helped bond markets extend an already strong rally. The strength of the post-NFP rally was a su...
Tue, Oct 13 2015, 5:30 PM
Heading into 3-day weekends, it's not uncommon for investors to move to the sidelines by selling some of their holdings with the intention of getting ...
Tue, Oct 13 2015, 4:33 PM
Mortgage rates moved lower today , erasing only some of the weakness that dominated the previous week. In other words, rates were significantly hi...
Tue, Oct 13 2015, 1:56 PM
The holiday-shortened week is off to a slow but positive start for bond markets. The early overnight trading wholly confirms our "move to the sidel...
Fri, Oct 9 2015, 11:18 AM
Distressed property sales continue to shrink as a percentage of all sales,
but CoreLogic says it may be another four years before those shares reach ...
Fri, Oct 9 2015, 11:14 AM
Fifth Third admitted it improperly certified more than 1,400 mortgage loans it knew were defective as eligible for FHA, costing taxpayers millions....
Fri, Oct 9 2015, 7:33 AM
You would think that after years of working in the same office that market participants would know how to find their way to the door. Yet strangely e...
Fri, Oct 9 2015, 6:32 PM
After trending decisively higher during almost every hour since hitting bottom last Friday, stocks and bond yields leveled off today. Perhaps it's ...
Fri, Oct 9 2015, 5:48 PM
Mortgage rates were generally quiet today as bond markets wound down ahead of the 3-day weekend. While stock markets and many businesses will be ...
Fri, Oct 9 2015, 2:15 PM
I reserve the right for this "MBS MID-DAY" to also be the "MBS RECAP" as I don't expect much to happen in the rest of the trading day. It seems fairl...
Thu, Oct 8 2015, 10:43 AM
In case you missed it, last month Fannie Mae began to
transition the multi-graph and narrative report detailing results of its
National Housing Surv...
Thu, Oct 8 2015, 10:14 AM
Who
says that financial reporters don't have a sense of humor? I caught
this recent headline about a story on Alcoa Aluminum splitting into
mini...
Thu, Oct 8 2015, 7:32 AM
Any deep hypothetical analysis of recent bond market behavior requires a caveat about volume and volatility . Namely, we haven't had any of either o...
Thu, Oct 8 2015, 5:40 PM
The overnight session was extra quiet for bond markets, with no meaningful movements until after 8am. In hindsight, uneventful was good as the recent...
Thu, Oct 8 2015, 5:01 PM
Mortgage rates moved modestly higher today , depending on the lender. Once again, pricing strategies remained widely variable due to market volati...
Thu, Oct 8 2015, 1:57 PM
Saying it was "deeply concerned" about how marketing
services agreements are undermining consumer safeguards against kickbacks, the
Consumer Finan...
Thu, Oct 8 2015, 1:10 PM
Bonds continue following the broader global correction leading back from the stock market weakness at the end of September. This has been a classic ...
Wed, Oct 7 2015, 12:55 PM
Domestic bond markets continue to be more-or-less glued to stocks . Treasuries began flat in the overnight session, but yields soon began rising as ...
Wed, Oct 7 2015, 9:43 AM
How
long has your staff been on their jobs? The Fed has kept short term
rates unchanged for 6 years and 9 months at this point. Does your senior
...
