Tue, Sep 8 2015, 3:00 PM
Fannie
Mae's Economic & Strategic Research Group have taken the company's National
Housing Survey (NHS), conducted since 2011, and attempted to dist...
Fri, Sep 4 2015, 10:58 AM
Back
to school? The U.S. Census Bureau has come to the rescue with a lot of
forgettable numbers - but those actuary and statistics majors have to ...
Fri, Sep 4 2015, 7:20 AM
We've now made it through NFP week without having any "pre-NFP lead-off." That's the pattern we occasionally see where bond markets will quickly snow...
Fri, Sep 4 2015, 6:16 PM
There are no 2 ways about it: NFP was a non-event. Not only did it produce far less of a reaction when compared to other instances of NFP Fridays, it...
Fri, Sep 4 2015, 4:22 PM
Mortgage rates fell to their lowest levels in more than a week today, following the release of August's official employment figures. The previous...
Fri, Sep 4 2015, 1:05 PM
The frustrating thing about today is that we can't really know if NFP came in at just the right levels to avoid stirring the pot too much, or if mar...
Thu, Sep 3 2015, 11:39 AM
“Papa
was a rolling stone. And all he left us was a loan, loan, loan..."
Liberties with the Temptations lyrics aside, it has been 43 years ago
t...
Thu, Sep 3 2015, 11:31 AM
Mortgage credit access continued to improve again in August
the Mortgage Bankers Association (MBA) said on Thursday. The trade group's Mortgage Cred...
Thu, Sep 3 2015, 7:33 AM
Labor Day deserves its name on Wall Street and in Washington. It's hard to explain, but there's definitely some sense of "getting back to business" ...
Thu, Sep 3 2015, 6:08 PM
Mortgage rates continued their recent trend of almost imperceptible movement today. This time, things improved ever-so-slightly with most lenders...
Thu, Sep 3 2015, 6:08 PM
Miraculously (and sarcastically) bond markets were little-changed overnight. The first cues for movement came from the ECB's press conference where D...
Thu, Sep 3 2015, 4:00 PM
Freddie Mac's long-time chief economist Frank Nothaft
departed some months ago to take the same role at CoreLogic and that vacancy at
the mortgage c...
Thu, Sep 3 2015, 3:50 PM
Two very different recent reports, one factual and one
theoretical, recently address the same issue; a re home prices too damn
high? And if so, ho...
Thu, Sep 3 2015, 1:09 PM
We're now far enough into the final pre-NFP day of the week to safely observe yet another instance of range-bound zigging and zagging . In other wor...
Wed, Sep 2 2015, 11:22 AM
By coming in at 190k vs a median forecast of 201k, today's ADP Employment data essentially abstained from strong comment on Friday's NFP. Because of ...
Wed, Sep 2 2015, 10:36 AM
Wells Fargo Funding's clients received a note yesterday that is of use to the entire industry involving a scam impacting the mortgage settlement proc...
Wed, Sep 2 2015, 8:39 AM
Last week was the strongest one on a relative basis for mortgage
applications in quite some time. The Mortgage Bankers Association (MBA) said
that...
Wed, Sep 2 2015, 8:13 AM
Let's consider some facts. Not only did most of August see rates converging on the same micro range as yesterday (discussed in Day Ahead ), but ther...
Wed, Sep 2 2015, 6:48 PM
In addition to its usual recap of economic
and housing indicators and future projections this week's edition of Freddie
Mac's Insights and Outlook ...
Wed, Sep 2 2015, 5:53 PM
Mortgage rates were almost flat again today . Most lenders were just a hair higher in costs vs yesterday. The most prevalent conventional 30yr fi...
Wed, Sep 2 2015, 5:52 PM
Another swing and another miss for today's economic data. It had an opportunity to kick start what stands a good chance to be a fairly big move in mu...
Tue, Sep 1 2015, 12:07 PM
Bond markets started the overnight session in better shape , already bouncing back from yesterday's weak closing levels. Data in China and Japan hel...
Tue, Sep 1 2015, 9:52 AM
Home prices nationally
increased year-over-year at a faster pace in July than they did in June
CoreLogic said on Tuesday. The company's
Home Price...
Tue, Sep 1 2015, 9:34 AM
Slowly
but surely the residential lending industry is trying to turn the tide
in the public's mind about the home financing process - as noted in ...
Tue, Sep 1 2015, 8:50 AM
US bond markets have an increasingly clear plan heading into the first 2 weeks of September: trade a narrow, consolidating range, centered on well-t...
Tue, Sep 1 2015, 6:39 PM
Mortgage rates didn't move much today.
Whether or not you see today's rates in better shape vs yesterday
depends on how your lender approache...
Tue, Sep 1 2015, 6:35 PM
Today was a classic "inside day," meaning that the entire range of trading took place inside yesterday's trading range. As far as domestic hours ar...
Tue, Sep 1 2015, 3:01 PM
Construction spending posted a slight increase in July
rising 0.7 percent from the revised June estimate of $1,075.9 billion to a
seasonally adjus...
Mon, Aug 31 2015, 9:20 AM
Darned
if I know how we're at the end of August already, with kids are heading
back to school and the NFL all over sports programs. One thing that...
Mon, Aug 31 2015, 8:51 AM
Amid last week's glut of Fed speeches surrounding the Jackson Hole symposium, Fed Vice Chair Fischer specifically called out "the next two weeks of da...
Mon, Aug 31 2015, 5:22 PM
A ruling last week from the National Labor Relations Board (NLRB)
has sent many companies who rely on contract labor into a bit of a panic . While ...
Mon, Aug 31 2015, 5:21 PM
Treasuries went out the 'in' door for the month of August, with today's 3pm levels matching the opening levels from August 3rd (1st trading day of the...
Mon, Aug 31 2015, 4:18 PM
Mortgage rates moved moderately higher today as bond traders adjusted their holdings for the end of the month. Mortgage rates are dictated by tra...
Mon, Aug 31 2015, 1:35 PM
The day started off well for domestic bond markets as weakness in Asia translated to some safe-haven demand for US Treasuries. At the start of the do...
Fri, Aug 28 2015, 12:14 PM
I, being a capital markets guy, was very interested in the MBA sending a comment letter
to the Basel Committee on its proposal, " Interest Rate Ri...
Fri, Aug 28 2015, 8:21 AM
After rallying steadily for more than a month and after seeing that rally accelerate quickly into Monday afternoon, Treasuries and MBS underwent 2.5 d...
Fri, Aug 28 2015, 4:44 PM
I was writing reprice alerts and chatting with the MBS Live community during the time that I'd normally be writing the Mid-Day commentary. By the t...
Fri, Aug 28 2015, 3:37 PM
Mortgage rates didn't move much today. Depending on the lender, effective rates were either slightly higher or lower vs yesterday, with the avera...
Fri, Aug 28 2015, 3:23 PM
We've previously explored the "Do's and Don'ts" for homebuyers, and
uncovered some vital tips that can help or hinder the home buying
process. In...
Fri, Aug 28 2015, 3:21 PM
We have been reading for several years now
about two trends that appear troubling for the housing industry - a declining
rate of homeownership and a...
Fri, Aug 28 2015, 2:52 PM
It appears that people who are currently renting their homes are not necessarily
merely homebuyers in waiting as conventional wisdom has held. Fre...
Fri, Aug 28 2015, 1:39 PM
Fannie Mae has published a set of changes to its Selling Guide . The changes affect verification of
self-employed income , Home-Style Renovation l...
Fri, Aug 28 2015, 1:37 PM
The debate over whether the Dodd-Frank Wall Street Reform
and Consumer Protection Act was desperately needed or a pox upon the land survives
even as...
Fri, Aug 28 2015, 1:15 PM
The very short version of a very long story is that bond markets are leveling-off within a range. Using the 10yr yield as a benchmark, that range...
Thu, Aug 27 2015, 11:29 AM
Much has been made recently of the surprising lack of response on the part of bond markets to the massive sell-off in stocks. That shoe is now on t...
Thu, Aug 27 2015, 10:35 AM
RealtyTrac's July U.S. Home Sales report is a tale of extremes .
July sales of properties in foreclosure and all-cash transactions both dipped
to m...
Thu, Aug 27 2015, 10:27 AM
The index measuring pending home sales held on to its winning
streak in July, but its grip slipped a bit.
The National Association of Realtors® (NA...
Thu, Aug 27 2015, 9:52 AM
What's the difference between apathy and ignorance? I don't know and I don't care.
The odds are pretty good that practically every residential lende...
Thu, Aug 27 2015, 7:32 AM
You'll see more and more of this in the coming days/weeks--the various iterations of "China dumping US Treasuries at an insane pace!" Oh no!
Wait...
Thu, Aug 27 2015, 4:44 PM
Mortgage rates were just barely higher today, greatly decreasing the momentum in a now 3-day losing streak. The timing of these movements is impo...
