Mon, Sep 28 2015, 7:33 AM
Few weeks are as replete with potential sources of market movement as this one. It's a good thing too because markets--especially bond markets--sudde...
Mon, Sep 28 2015, 5:23 PM
Mortgage rates moved noticeably lower today, getting the average lender back in line with some of last week's best levels. For most, that means c...
Mon, Sep 28 2015, 5:23 PM
After a bit of an indecisive start that saw bond markets pull back toward 'unchanged' this morning, stocks stole the show and dragged everyone lower. ...
Fri, Sep 25 2015, 11:44 AM
Bond markets were weaker in the overnight session, following Yellen's weird speech after the close yesterday. I wouldn't have thought Yellen would de...
Fri, Sep 25 2015, 10:38 AM
A large
northeast savings bank has been named in a consent order filed by the Consumer
Financial Protection Bureau (CFPB) and the Department of Just...
Fri, Sep 25 2015, 10:35 AM
"Rob,
do you think that the CFPB is involved in monitoring price gouging by
companies of any sort? For example, I read about a drug company that...
Fri, Sep 25 2015, 7:33 AM
What's up with this? Wasn't the Fed meeting last week supposed to bring some clarity to the long-suffering sideways trend that had been mostly inta...
Fri, Sep 25 2015, 5:14 PM
Bond markets were sharply sideways today, especially MBS. That said, the sideways trading was only seen during the domestic session. Before that, ...
Fri, Sep 25 2015, 5:01 PM
Mortgage rates rose moderately today
as investors moved back into riskier assets this morning. Stock
markets made solid gains in premarket tr...
Thu, Sep 24 2015, 12:43 PM
Bond markets pressed into their strongest territory since the late August flight-to-safety this morning. 10yr yields made it as low as 2.081 before p...
Thu, Sep 24 2015, 11:00 AM
Sales of newly constructed single-family houses, unlike
their existing home counterparts, continued to rise in August. While existing home sales o...
Thu, Sep 24 2015, 10:48 AM
Home sales, including both single
family and condominiums, are on track to reach an eight year high this year
according to RealtyTrac's August U.S....
Thu, Sep 24 2015, 10:41 AM
Just what our industry needs: another reminder for the public to think about the problems we had in the past. This time it is a Christmas-time movie ...
Thu, Sep 24 2015, 7:32 AM
So far this week, we've really only had one major piece of economic data in the form of Existing Home Sales on Monday. Today we'll have three such re...
Thu, Sep 24 2015, 5:24 PM
Bond market movement over the past few days certainly isn't ALL about the VW news, but I've reluctantly come to accept just how much of a role it play...
Thu, Sep 24 2015, 4:47 PM
Mortgage rates ended the day roughly in line with yesterday's latest levels on average. Rates were lower earlier this morning as bond markets got o...
Wed, Sep 23 2015, 12:47 PM
Bond markets began the overnight session in fine shape. Global markets were shedding risk after weaker Chinese manufacturing data. But the gains w...
Wed, Sep 23 2015, 10:54 AM
The Consumer Financial
Protection Bureau (CFPB) said this week that debt collection generated the most
complaints about financial products or serv...
Wed, Sep 23 2015, 10:48 AM
How bad is the housing market in San Francisco, California? Well, here's a "beauty" that is on the market for $350,000 . Run that one by any investor...
Wed, Sep 23 2015, 9:00 AM
It was a full week after a holiday foreshortened one and also the week in
which the long awaited Federal Open Market Committee move to begin interest...
Wed, Sep 23 2015, 7:32 AM
Far too much is made of the connection between stocks and bonds. So let's make some more of it, shall we?
Seriously though, leaning on this 'stoc...
Wed, Sep 23 2015, 4:37 PM
During all but the first few hours of the overnight session, US bond markets were under pressure today. It wasn't too terrible though. The initial m...
Wed, Sep 23 2015, 3:03 PM
Mortgage rates held their ground fairly well today, despite moderate weakness in underlying bond markets (which normally translates to higher rate...
Wed, Sep 23 2015, 2:26 PM
Twenty-nine states and the District of
Columbia have now moved within their own range of stable housing activity
according to Freddie Mac's Multi-...
Tue, Sep 22 2015, 10:59 AM
The "dazzling changes" in the mortgage market over
the last decade were the topic of address last week by Richard Cordray to the
National Associatio...
Tue, Sep 22 2015, 10:55 AM
This
morning I am in Detroit, which has seen its share of population
movement. The Census Bureau has released statistics for movers between
met...
Tue, Sep 22 2015, 10:39 AM
Home prices made an unexpected surge in July the Federal
Housing Finance Agency said today. The month-over-month change was +0.6 percent
while, acco...
Tue, Sep 22 2015, 7:33 AM
To be sure, with mortgage rates where they are, 'sideways' isn't necessarily such a bad thing. From a market-watching perspective, however, we're qui...
Tue, Sep 22 2015, 4:35 PM
European market levels and the global market considerations inspired by news out of Europe served as the driving forces behind much of today's bond ...
Tue, Sep 22 2015, 3:49 PM
Mortgage rates got back on track today after giving up a fair amount of last week's gains yesterday. Most lenders are very close to Friday aftern...
Tue, Sep 22 2015, 1:35 PM
The overnight momentum, fueled by global risk-aversion, has only gathered steam in the domestic session. After the first half of the day, Treasuries ...
Mon, Sep 21 2015, 11:20 AM
Even as the market share of first-time
buyers continued to inch up, overall sales of existing homes declined in
August. The National Association of...
Mon, Sep 21 2015, 10:01 AM
We've
only just begun... Excellus BlueCross BlueShield reports cyber attackers
have hacked its systems and that 10 million people have been affec...
Mon, Sep 21 2015, 7:33 AM
With all the build-up to last week's FOMC Announcement, and the fairly fast-paced market movement that followed, what will we do now for excitement? ...
Mon, Sep 21 2015, 5:49 PM
If it seems like corporate debt has been an increasingly hot topic for me/us over the past few years, that's because it has been. 2014 was a record ...
Mon, Sep 21 2015, 5:07 PM
Mortgage rates couldn't maintain last week's impressive move lower following the Fed Announcement. At the time, rates were moving lower for ECONO...
Mon, Sep 21 2015, 2:21 PM
It was a rough morning for bond markets as Treasuries have really only moved in one direction since opening in Europe . Losses were quite livable dur...
Fri, Sep 18 2015, 12:06 PM
Foreclosure activity in the U.S.
declined on a year-over-year basis for the first time in six months. RealtyTrac said today that there were a tota...
Fri, Sep 18 2015, 10:58 AM
"Recent
global economic and financial developments may restrain economic
activity somewhat and are likely to put further downward pressure on
in...
Fri, Sep 18 2015, 10:47 AM
If we wanted to do as little as possible to overcomplicate yesterday's Fed news, we might focus on the fact that the Fed took their greatest strides y...
Fri, Sep 18 2015, 7:32 AM
What just happened?
The Fed did some justice to the notion that they would talk tougher about an October or December rate hike if they didn't hike...
Fri, Sep 18 2015, 5:42 PM
Today gave markets a chance to continue reflecting on the realities of yesterday's FOMC Announcement. The Fed broke new ground by including the globa...
Fri, Sep 18 2015, 2:50 PM
Mortgage rates continued a strong move lower today as momentum continued following yesterday's Fed Announcement. While the Fed doesn't dictate mo...
Thu, Sep 17 2015, 12:39 PM
You've come a long way, baby. I don't remember when we first started incessantly focusing on the September Fed meeting as the deciding factor in the...
Thu, Sep 17 2015, 10:40 AM
Freddie
Mae has unveiled another round of changes to its Single-Family
Seller/Servicer Guide. There are more
than a half dozen changes effecting m...
Thu, Sep 17 2015, 10:35 AM
More lenders are seeing an easing of mortgage lending
standards Fannie Mae said today. In its third
quarter Mortgage Lender Sentiment Survey indi...
Thu, Sep 17 2015, 10:22 AM
This morning's Residential Construction report from the
Census Bureau and Department of Housing and Urban Development for August was
mixed with a mo...
Thu, Sep 17 2015, 10:04 AM
I bet for every person a company has dedicated to stopping cybercrime
there are 10 somewhere else trying to perpetrate it. Just yesterday I
rece...
Thu, Sep 17 2015, 7:33 AM
More than any recent event--more than any silly old NFP report--today's FOMC events can and will move markets in a big way. It's not that markets are...
Thu, Sep 17 2015, 5:50 PM
Some folks thought the Fed would hike today and others were pretty sure they wouldn't. The hike camp was the minority according to most surveys and...
