Tue, Oct 27 2015, 5:30 PM
Mortgage rates were sideways to slightly lower today, depending on the lender. Whereas some rate sheets were carbon copies of yesterday's latest ...
Tue, Oct 27 2015, 2:20 PM
There continues to be nothing too much to write home about when it comes to post-NFP October in bond markets. There has been a range of 2.0-2.08 th...
Mon, Oct 26 2015, 12:56 PM
Home
prices have now increased 27 percent since hitting bottom in January 2012. Black Knight Financial Services said today
that prices nationally e...
Mon, Oct 26 2015, 11:01 AM
New home sales
nose-dived in September , dropping by 11.5 percent from the August level. A joint release from the U.S. Census Bureau
and the Depar...
Mon, Oct 26 2015, 10:40 AM
Don't
ask me how we arrived at the last week of October already, but here we
are barreling toward Halloween and changing the clocks Sunday morning...
Mon, Oct 26 2015, 9:12 AM
The week's key event is undoubtedly Wednesday's FOMC Announcement, but should markets be getting worked up over the possibility of a change? Of cours...
Mon, Oct 26 2015, 5:35 PM
Bond markets got nostalgic for summertime Mondays today. Despite it being the beginning of a Fed week and falling hard on the heels of a sharper move...
Mon, Oct 26 2015, 5:03 PM
Mortgage rates moved slightly higher today on average despite strength in underlying bond markets. Normally, when bond markets improve, rates dro...
Mon, Oct 26 2015, 2:24 PM
It has been a remarkably quiet day so far during the domestic session. This seems more like the rule than the exception of late. The only instance o...
Mon, Oct 26 2015, 1:15 PM
Two Pennsylvania metropolitan areas, Scranton and
Harrisburg, won the MiMi seal of approval in August. Freddie Mae said the two moved into what it
...
Fri, Oct 23 2015, 10:52 AM
Several measures of mortgage distress moved up in September
including the early delinquency rate according to Black Knight Financial
Services. The ...
Fri, Oct 23 2015, 10:51 AM
Despite
a steadily decreasing share of distressed sales and fewer investors in the
market all-cash sales have not yet returned to normal levels no...
Fri, Oct 23 2015, 10:44 AM
There are reasons why FHA production has skyrocketed in the last year, and why that product was the talk of the MBA conference. It
seems that fina...
Fri, Oct 23 2015, 7:33 AM
If you follow bond markets closely enough, you may have noticed a certain measure of reluctance on the part of 10yr yields to break below the 2% barri...
Fri, Oct 23 2015, 5:42 PM
If you caught the Mid-Day , you're up to speed on anything interesting that happened today.
If you didn't, the only interesting thing that happen...
Fri, Oct 23 2015, 4:41 PM
Mortgage rates were slightly higher today, but did a good job of holding their ground considering the volatile market conditions. Rates take thei...
Fri, Oct 23 2015, 1:47 PM
Bond markets are in weaker territory today, more than erasing all of yesterday's gains and taking 10yr yields to the highest levels in 2 weeks. The ...
Thu, Oct 22 2015, 12:22 PM
As expected, this morning's European Central Bank (ECB) Announcement has been a source of volatility for markets, but its effects have varied widely...
Thu, Oct 22 2015, 11:02 AM
The sharp downturn in existing home sales in August now seem
little more than a fluke as sales resumed their positive pattern in September. The Na...
Thu, Oct 22 2015, 10:46 AM
If
anyone out there wants to be buy a big office building, Fannie has one:
the company is preparing to move to its new HQ downtown and is selling...
Thu, Oct 22 2015, 10:39 AM
Prices of homes purchased in August using Fannie Mae or
Freddie Mac mortgage financing increased by 0.3 percent compared to July the
Federal Housi...
Thu, Oct 22 2015, 7:33 AM
Over the past two days, we saw a surprisingly strong move higher in European bond yields that spilled over to US bond markets. The effects were mute...
Thu, Oct 22 2015, 5:07 PM
Stocks and bonds continued on their divergent paths today thanks to the European Central Bank. While there had been some speculation that the ECB w...
Thu, Oct 22 2015, 4:11 PM
Mortgage rates continued lower today, largely getting caught up with yesterday's underlying market movements. Lenders were likely being cautious ...
Thu, Oct 22 2015, 2:31 PM
In the midst of what has been a rather interesting several
weeks for housing finance reform Donald H. Layton published a column in Freddie
Mac's Ex...
Wed, Oct 21 2015, 10:49 AM
As
the San Diego MBA conference wraps up, one is reminded that many
lenders are having fine years and some can't believe their good fortune.
Oth...
Wed, Oct 21 2015, 8:51 AM
The Mortgage Bankers Association (MBA) said that increases in
applications for both FHA and VA mortgages were behind a jump in its Market
Composit...
Wed, Oct 21 2015, 8:48 AM
As you've likely picked up on, this week has served primarily as a chance for markets to do whatever they need to do ahead of next week's FOMC announc...
Wed, Oct 21 2015, 4:30 PM
Nothing has changed from the mid-day update, so today's recap will largely be an amplification of those themes.
Bond markets were stronger overni...
Wed, Oct 21 2015, 4:02 PM
Mortgage rates bounced back
to some extent today, after yesterday's bigger move higher. The bond
markets that underlie mortgage rates actuall...
Wed, Oct 21 2015, 3:30 PM
It was only a small change, but a 1 percent decline in the
average FICO scores for loans originated in September took that metric to its
lowest leve...
Wed, Oct 21 2015, 1:39 PM
Yesterday marked the first legitimate swoon in US bond markets in more than a week. The 3 days prior were especially flat, with 10yr yields ending th...
Tue, Oct 20 2015, 12:56 PM
Bond markets lost ground overnight, moving resolutely higher in yield during the European session. The Treasury weakness is notable in that it occu...
Tue, Oct 20 2015, 11:49 AM
In what seemed to us to be a very long speech for him, Richard Cordray,
Director of the Consumer Financial Protection Bureau spoke of three major
ch...
Tue, Oct 20 2015, 10:35 AM
Richard
Cordray spoke here in San Diego yesterday. You weren't in the audience?
Well, the CFPB publishes every word uttered by CFPB's management, ...
Tue, Oct 20 2015, 10:24 AM
Multi-family home construction drove the numbers for most of
the September report on residential construction issued today by the U.S.
Census Bureau...
Tue, Oct 20 2015, 7:33 AM
This probably won't be the last time I mention it before next Wednesday, but next Wednesday is the FOMC Announcement. That's the one where Yellen sai...
Tue, Oct 20 2015, 5:36 PM
"Move along... Nothing to see here..." Despite the 4.6 bp increase in 10yr yields and the quarter point drop in MBS Prices, today was actually rathe...
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...
