Mon, Apr 13 2015, 5:16 PM
If you're tuning in to this recap to find out if something interesting happened today or if something is worth discussing with colleagues or clients, ...
Mon, Apr 13 2015, 4:49 PM
Mortgage rates didn't move much over the weekend in terms of lenders' rate sheets. Most are offering the same conventional 30yr fixed rate of 3.75...
Mon, Apr 13 2015, 4:25 PM
There are
risks involved in doing nothing two economists contend, referring to the
Federal Reserve's signal at its March Open Market Committee (FOMC...
Mon, Apr 13 2015, 3:07 PM
New Day Financial LLC has settled with
mortgage regulators in 43 states over allegations they helped employees with
some major cribbing on critica...
Fri, Apr 10 2015, 12:50 PM
Nothing is happening. This was the theme of the Day Ahead, and nothing has changed. In fact, just hours after making fun of a Bloomberg article that...
Fri, Apr 10 2015, 10:36 AM
In its Economic and Housing Outlook
for April Freddie Mac's economists point out that the spring homebuying season has
become familiar territory. ...
Fri, Apr 10 2015, 10:26 AM
Sales of new homes appeared to have surged in March. According to the Mortgage Bankers Association
(MBA) mortgage applications for new home purchase...
Fri, Apr 10 2015, 7:32 AM
There's a problem in the world of financial market commentary and journalism. It has to do with man's constant search to find meaning in all things ...
Fri, Apr 10 2015, 4:59 PM
This story can be adequately summed up with the internet meme: ' facepalm .'
Yet another ethically challenged lender is going to pay for implying a ...
Fri, Apr 10 2015, 4:36 PM
It was an intensely soporific trading session today. Bonds started out in positive territory and then began a slow, steady grind back toward unchan...
Fri, Apr 10 2015, 3:14 PM
Mortgage rates were at their highest levels in more than a week yesterday, but have fallen back to the best levels in 4 days today, on average....
Thu, Apr 9 2015, 12:26 PM
MBS are being dragged down enough for some lenders to be considering negative reprices , but the brunt of this morning's weakness is being born by Tr...
Thu, Apr 9 2015, 10:53 AM
The percentage of all-cash home sale
transactions declined for the 25 th consecutive month in January,
falling to a 38.9 percent share.
CoreL...
Thu, Apr 9 2015, 10:49 AM
Among the most
contentious issues at the Federal Housing Finance Agency (FHFA) when Edward J. DeMarco
was its acting director was his refusal to a...
Thu, Apr 9 2015, 9:40 AM
According
to the U.S. Census Bureau, the national mover rate has remained stable
(between 11.5 and 12.5 percent) since 2008. In 1948, about 1 in...
Thu, Apr 9 2015, 7:34 AM
Looking back on the past few days of trading activity, we see that absolutely nothing has happened since Monday's quick correction following Friday's ...
Thu, Apr 9 2015, 4:59 PM
Since mid-day on Monday, domestic bond markets hadn't done much at all. Despite a slightly expanding range, the momentum was sideways as both higher ...
Thu, Apr 9 2015, 3:55 PM
Mortgage rates moved only moderately higher today, but it was enough to bring them to April's worst levels. The bond market trading that underlies...
Wed, Apr 8 2015, 12:42 PM
The overnight session was calm. Japanese trading helped Treasuries a bit, and European hours did some damage. Bonds started the domestic session in ...
Wed, Apr 8 2015, 9:10 AM
The Census Bureau published a
table showing median earnings and a wage comparison for men and women
depending upon occupation. In 2013, there were...
Wed, Apr 8 2015, 8:59 AM
A healthy increase in purchase mortgage applications last week was met
with shrinking refinance activity leaving the Mortgage Bankers Association's...
Wed, Apr 8 2015, 7:34 AM
There are no significant economic reports out this morning, leaving the focus clearly on the afternoon. First up will be the 10yr Treasury auction...
Wed, Apr 8 2015, 5:23 PM
Considering 10yr auctions and FOMC Minutes typically happen on Wednesdays, it's not uncommon for them to be sharing the stage. In today's case, they ...
Wed, Apr 8 2015, 4:26 PM
Mortgage rates managed a
fairly uneventful day despite the presence of some bigger-ticket
events. Actually, those events turned out to be the ...
Wed, Apr 8 2015, 3:50 PM
If data from Fannie Mae's March National Housing Survey is
any indication, consumers seem to have grown a bit uneasy as many of the positive
respo...
Wed, Apr 8 2015, 3:43 PM
Home prices including
distressed sales increased again in February on both a monthly and an annual
basis CoreLogic said on Tuesday. Its nationwid...
Tue, Apr 7 2015, 12:33 PM
To whatever extent liquidity still exists in the bond market, it returned today after holiday-related absences reduced participation to the lowest lev...
Tue, Apr 7 2015, 10:46 AM
The number of homeowners who could potentially benefit from
refinancing has increased by 3 million in the last year according to Black
Knight Fina...
Tue, Apr 7 2015, 10:31 AM
Several factors combined to improve access to mortgage
credit last month with the greatest gains coming in conforming loans. The Mortgage Bankers As...
Tue, Apr 7 2015, 10:29 AM
Things
have a way of changing - even appearances. (Ray W. sent me news that
recently there was a Kenny Rogers look-alike contest. Kenny Rogers cam...
Tue, Apr 7 2015, 7:34 AM
While it's never good or safe to dismiss market movement as less legitimate due to a lack of volume, it's worth keeping in mind that the movement is m...
Tue, Apr 7 2015, 3:57 PM
The morning and early afternoon hours were mildly disconcerting for bond markets as recent losses extended. Even so, most of the losses were in befor...
Tue, Apr 7 2015, 3:56 PM
Mortgage rates began the day moving slightly higher , further adding to the bounce back from Friday's 2-month lows. This time around, however, th...
Mon, Apr 6 2015, 12:11 PM
The National Association of Realtors®
(NAR) recently hosted a meeting of about a dozen real estate and mortgage
industry experts to examine the curr...
Mon, Apr 6 2015, 12:06 PM
It has been a common theme from industry analysts and home
sales and construction reports for at least five years; the recovery is being
hampered, p...
Mon, Apr 6 2015, 10:19 AM
Late last week someone asked me about HUD's Equal Access Rule .
A month or so ago Bankers Advisory released a notice regarding HUD's
update to eq...
Mon, Apr 6 2015, 7:34 AM
Insanely huge beats or misses in NFP data are always interesting. They seem to have an uncanny ability to completely change the tenor of conversati...
Mon, Apr 6 2015, 4:46 PM
In terms of market movement and new developments, there's nothing to add to the mid-day update . Bond markets were under mild pressure at the outset...
Mon, Apr 6 2015, 3:55 PM
Mortgage rates have now given back the ground gained after Friday's big jobs report. To put that in perspective, rates are now modestly higher t...
Mon, Apr 6 2015, 1:10 PM
The overnight session was predictably uneventful with most of the world still out of the office for the Easter holiday. Plenty of market participants...
Fri, Apr 3 2015, 12:07 PM
Mortgage rates scored a major victory today at the expense of the labor market. Recent examples of the Employment Situation Report (the big "jobs ...
Fri, Apr 3 2015, 12:02 PM
NOTE : This is the mid-day and the 'recap' as bond markets are not only closing early (noon ET), but were effectively closed after the initial NFP rea...
Fri, Apr 3 2015, 10:34 AM
Mortgage profits declined in the fourth
quarter of 2014 compared to the previous quarter but soared when compared to the
fourth quarter of 2013. I...
Fri, Apr 3 2015, 10:18 AM
Another source is affirming that the rapid growth in home
prices that started in 2013 has continued to slow and that the deceleration is
broad base...
Fri, Apr 3 2015, 10:11 AM
Mergers and acquisitions
valued at $811.8 billion have been announced this quarter globally, up
21% compared with Q1 of 2014, according to Thomso...
Fri, Apr 3 2015, 7:34 AM
It's always a struggle to think of something to say on the morning of the jobs report before the jobs report actually comes out. It will be whatever ...
Thu, Apr 2 2015, 12:58 PM
Even as some in the industry apparently hope for a reprieve
from implementing new mortgage disclosure forms the Consumer Financial
Protection Bure...
Thu, Apr 2 2015, 12:54 PM
Yesterday's recap noted an increased risk of weakness today due to the technical bounce at 1.852. Here it is.
No, really, today is pretty much ...
Thu, Apr 2 2015, 9:36 AM
The MBA tells us that independent
mortgage banks and mortgage subsidiaries of chartered banks "average
production volume totaled $417 million per ...
Thu, Apr 2 2015, 7:28 AM
There's another day to go before NFP, but today is no slouch . Not only are trading levels currently evaluating a bounce at a long term inflection p...
