Mon, Jun 8 2015, 2:08 PM
The percentage of total home sales coming from distressed
inventories continues to drop. CoreLogic
said on Monday that short sales and sales of own...
Fri, Jun 5 2015, 10:28 AM
Huh? National Donut Day? Most donut shops have a few employees, but in 2013 our Census Bureau tells us there were 23 million businesses without paid ...
Fri, Jun 5 2015, 7:42 PM
For the second time this week the
Consumer Financial Protection Bureau (CFPB) has filed in federal court against
a lender for unfair compensation p...
Fri, Jun 5 2015, 7:35 PM
If we went back to the beginning of June and asked ourselves "where do we think 10yr yields would be on Friday if Draghi doesn't commit to maintaining...
Fri, Jun 5 2015, 7:25 AM
NFP day is great. Nothing causes more widespread speculation on how a certain piece of economic data will report and how markets might react. Someti...
Fri, Jun 5 2015, 5:12 PM
Mortgage rates are officially having a bad June. It's not quite as bad as February, but February began with rates very close to all-time lows, and...
Fri, Jun 5 2015, 3:26 PM
Are those sought-after first-time homebuyers finally re-emerging? RealtyTrac said on Thursday that they may be
the reason that the average percent...
Fri, Jun 5 2015, 1:43 PM
Bond markets tanked after NFP this morning. This sort of thing is to be expected when payrolls print 280k vs a 225k forecast (and a 201k ADP print ...
Thu, Jun 4 2015, 10:58 AM
The availability of
mortgage credit continued to rise in May the Mortgage Bankers Association (MBA)
said today. Its Mortgage Credit Availability
I...
Thu, Jun 4 2015, 10:54 AM
"I
swear, if my memory was any worse I could plan my own surprise party."
Remember when you were a student? Research from the Fed finds total
st...
Thu, Jun 4 2015, 7:34 AM
Yesterday was a bad day. If you need to revisit it, or if you happened to knock yourself unconscious the first time or two you fell out of your chai...
Thu, Jun 4 2015, 5:25 PM
Most of today's trading activity was a function of previous trading--at least as far as the domestic session was concerned. If we count the overnight...
Thu, Jun 4 2015, 5:08 PM
Older Americans are being warned that ads
touting reverse mortgages "that seem too good to be true" might be just that. Rather slyly using a tag lin...
Thu, Jun 4 2015, 4:09 PM
Mortgage rates bounced back ever-so-slightly today, ultimately doing very little to erase the damage done so far this week. The most prevalently-q...
Thu, Jun 4 2015, 2:37 PM
Enforcement of compliance with the new RESPA/TILA disclosure
forms has been postponed . As appeared
inevitable after almost unanimous testimony ...
Thu, Jun 4 2015, 2:05 PM
Mortgage profits soared in the first quarter of 2015 the
Mortgage Bankers Association (MBA) said this week, nearly doubling the per loan net
pro...
Thu, Jun 4 2015, 1:03 PM
At the end of this morning's commentary, I discussed the possibility that the past few days have been an over-correction to May's month-end strength, ...
Wed, Jun 3 2015, 11:01 AM
There
is plenty of dialog and discussion in the lending industry. Certainly some of the conversation
involves the fact that, for the popular pres...
Wed, Jun 3 2015, 10:02 AM
The week ended May 29 was another of those holiday shortened weeks when the most relevant comment that can be made about mortgage application numbers ...
Wed, Jun 3 2015, 7:07 AM
By the time you read this, things may already have gotten serious. The ECB announcement is at 7:45am Eastern, and although global markets are highly ...
Wed, Jun 3 2015, 6:18 PM
Mortgage rates had an awful day today , and they were among the lucky ones. The true pain emanated from Europe, as has been the case so many times ...
Wed, Jun 3 2015, 5:37 PM
If you missed it, or are otherwise looking for a recap on why bond markets got crushed today, here it is . Nothing materially changed from that up...
Wed, Jun 3 2015, 2:54 PM
I am here in Denver and had the opportunity this morning to hear MBA
President Dave Stevens, under the direction of CFPB Director Richard
Cordray,...
Wed, Jun 3 2015, 1:00 PM
This morning's commentary said " things get serious ," and that we could well expect to depart the recent range in a big way . Now, we are. 10yr yie...
Tue, Jun 2 2015, 10:45 AM
Some
in the industry are focused on Wells Fargo CEO John Stumpf's recent
comments saying that cybersecurity and an evolving payments industry are
...
Tue, Jun 2 2015, 7:34 AM
On some occasions, we look ahead to big-ticket events like central bank announcements and NFP reports with more anticipation and anxiety than they des...
Tue, Jun 2 2015, 5:25 PM
Mortgage rates jumped significantly higher today, bringing most lenders to their highest levels of 2015. The most prevalently-quoted conventional ...
Tue, Jun 2 2015, 5:20 PM
Bond markets were in bad shape right from the outset today. By the end of it, 10yr yields had fully traversed THE range laid out in this morning's ...
Tue, Jun 2 2015, 4:51 PM
For some time
conventional wisdom has held that home price increases are slowin g and would
continue to do so, but the CoreLogic Home Price Index (...
Tue, Jun 2 2015, 4:40 PM
Provident Funding Associates has been charged by two federal
agencies with charging higher broker fees to minority borrowers . The Consumer
Financ...
Tue, Jun 2 2015, 1:50 PM
In terms of the event calendar, today was supposed to be quiet. One of the wild cards laid out in this morning's commentary was an unexpected head...
Mon, Jun 1 2015, 10:58 AM
Total spending on construction ticked up moderately in
April, rising to a seasonally adjusted annual rate of $1,006.1 billion the U.S.
Census Bureau...
Mon, Jun 1 2015, 10:14 AM
When I grow up I want to be wealthy. And thanks to this list of the wealthiest zip codes in America ,
I know just where to move. (Interesting to co...
Mon, Jun 1 2015, 7:34 AM
Last week helped the month of May recover a few shreds of its dignity. As hard as it is to believe, it was the first week in 2015 where each day's cl...
Mon, Jun 1 2015, 5:33 PM
Welcome to the 1st half of 2015. This is the 6 month period where European interest rates defied even the most bullish expectations after Europe bega...
Mon, Jun 1 2015, 4:54 PM
Mortgage rates moved noticeably higher to begin the month, bringing the average conventional 30yr fixed quote back to 4.0% after briefly hitting 3....
Mon, Jun 1 2015, 2:52 PM
The old adage might be "go West" but new home buyers aren't listening. A recent analysis by CoreLogic shows that the
strongest new home sales marke...
Mon, Jun 1 2015, 1:39 PM
With corporate issuance subsiding somewhat and month-end tradeflows providing steadier demand, the last week of May proved to be an eye of the storm. ...
Fri, May 29 2015, 10:52 AM
According
to the U.S. Census Bureau, there are now ten cities that have a
population of greater than 1 million with California and Texas each home...
Fri, May 29 2015, 7:33 AM
Just yesterday morning, I noted that bond markets may be seeing the light at the end of the tunnel for May. Indeed, things have been going well enoug...
Fri, May 29 2015, 5:30 PM
It came right down to the wire . The best 3pm closing level for 10yr yields was previously seen on May 1st at 2.117. We hovered near those levels f...
Fri, May 29 2015, 4:00 PM
Mortgage rates moved lower again today , making this the 7th straight day where rates have either held steady or improved. Over that time, no singl...
Fri, May 29 2015, 1:57 PM
A Florida law firm and its several affiliates which had
already been shuttered by the State of Florida and the Consumer Financial
Protection Bureau ...
Fri, May 29 2015, 1:53 PM
The Definitive Analysis of Negative Game Changers Emerging in Real Estate or D.A.N.G.E.R report prepared for the National Association of
Realtors® ...
Fri, May 29 2015, 1:15 PM
Today has quickly become the 3rd day of exceptionally calm trading relative to a heretofore tumultuous month. The even-keeled vibes began right fro...
Thu, May 28 2015, 12:12 PM
After the last visit to May's weakest levels (last Wednesday morning), MBS and Treasuries have been in a fairly linear trend back toward stronger lev...
Thu, May 28 2015, 10:45 AM
April saw the highest number for pending sales in nearly nine years the
National Association of Realtors® (NAR) said today. The Pending Home Sal...
Thu, May 28 2015, 10:32 AM
The
Census Bureau tell us that there were 23 million businesses without
paid employees, or non-employer businesses, in the United States in
2013...
Thu, May 28 2015, 7:33 AM
Here we are in the last week of May and things finally seem to be going our way (knock on wood) with respect to bond markets putting some more consist...
Thu, May 28 2015, 5:44 PM
Mortgage rates barely budged today. Those that budged moved almost imperceptibly lower from yesterday's latest rate sheets. In general, there was...
