Mon, May 18 2015, 5:01 PM
"Everyone working in the mortgage business feels
like there is a giant target on their backs ," David H. Stevens said in remarks
prepared for deliv...
Mon, May 18 2015, 4:34 PM
Mortgage rates moved higher out of the gate for a second straight week, though today's jump was smaller than last Monday's. The most prevalent con...
Fri, May 15 2015, 12:54 PM
Be warned that the following reduces a complex, multifaceted issue to one of its individual components. It's merely an examination of this one comp...
Fri, May 15 2015, 10:53 AM
It's all relative. The Mortgage
Bankers Association (MBA) said that applications for the purchase of newly
constructed homes rose a scant 0.3 perc...
Fri, May 15 2015, 10:43 AM
The NMLS has commenced a study on the role of a MLO -
besides being at the receiving end of jokes about AARP in the
workplace. All kidding aside,...
Fri, May 15 2015, 7:34 AM
Things were looking up as of yesterday's close. After weeks of selling off with only a brief 1.5 day correction last Thursday and Friday, bonds fina...
Fri, May 15 2015, 6:09 PM
Remember last Thursday and Friday? Those were pretty good! It sure looked like bonds had had enough weakness for a while and might start to consolid...
Fri, May 15 2015, 4:52 PM
Mortgage rates improved for a second day, and ended at their lowest levels for a second straight week. The most prevalent conventional 30yr fixe...
Fri, May 15 2015, 3:55 PM
Any change in interest rates will be sprung on the markets
if John Williams, Federal Reserve Bank of San Francisco president, gets his
way. While w...
Fri, May 15 2015, 3:41 PM
There was an unusual degree of consensus
at a Congressional hearing on implementation of the new Truth-in-Lending (TILA)
and RESPA Integrated Disclo...
Thu, May 14 2015, 11:04 AM
This will largely be a rehash of the morning update that MBS Live members have already seen, as we haven't been treated to the morning volatility ...
Thu, May 14 2015, 10:22 AM
Lenders originated 1.55 million residential
mortgage loans during the first quarter of 2015. The number, includes loan originations for
both purch...
Thu, May 14 2015, 10:17 AM
Quicken Loans, besides raising $1.25 billion in debt (leaving folks wondering if that is what attorneys to fight HUD & the DOJ cost these days), rel...
Thu, May 14 2015, 7:34 AM
If bond markets are going to make something happen with their recent attempts to establish support at the weakest levels of 2015, it would be nice if ...
Thu, May 14 2015, 4:05 PM
In recent weeks, we've increasingly discussed the concept of " supply ." This has largely been driven by the ramp up in corporate debt issuance creat...
Thu, May 14 2015, 3:29 PM
Mortgage rates finally caught a break today. This is quite a welcome development (indeed, yesterday's commentary pointed out that no breaks were b...
Thu, May 14 2015, 3:22 PM
The Housing and Insurance subcommittee of the House
Financial Services Committee has scheduled a hearing this afternoon titled "TILA- RESPA
Integrat...
Wed, May 13 2015, 12:46 PM
The headline is the extend of the story this morning. We began the day in positive territory, but have been pulled into negative territory by Europea...
Wed, May 13 2015, 10:57 AM
The influence of cash sales on the residential real estate
market continued to decline in February with those sales accounting for 37.9
percent of...
Wed, May 13 2015, 10:50 AM
Rising
interest rates took a toll on mortgage applications again during the week ended
May 8. The Mortgage Bankers Association said
that its Marke...
Wed, May 13 2015, 10:47 AM
In
1963 President John F. Kennedy designated May as Senior Citizens Month
and then in 1980 President Jimmy Carter changed the name to Older Ameri...
Wed, May 13 2015, 7:34 AM
Who's to say if the next correction will be like the last correction which lasted all of 1.5 days before bonds got blasted again? But even the bigges...
Wed, May 13 2015, 4:02 PM
No love for bond markets...
That's the only possible takeaway after a day where technicals are stacking up in a friendly way, Retail Sales and seve...
Wed, May 13 2015, 3:31 PM
Mortgage rates can't catch a break . They're not much higher than yesterday, but yesterday was already the worst of 2015 .
Actually, it's the b...
Tue, May 12 2015, 10:56 AM
While the decline in foreclosure activity is still ragged on
a month-to-month basis significant changes are increasingly evident
year-over-year. ...
Tue, May 12 2015, 10:50 AM
Incremental
increases in credit access continued in April according to the Mortgage Bankers
Association's Credit Availability Index (MCAI).
The In...
Tue, May 12 2015, 10:46 AM
I
am attending a conference in Oregon and yesterday someone asked me,
"Rob, have you heard of the MBA doing something to educate anyone in
schoo...
Tue, May 12 2015, 7:34 AM
In some ways and in some instances , past precedent can have some sort of predictive value. 9 times out of 10 though, it's only the sort of thing ...
Tue, May 12 2015, 5:17 PM
Who can forget this classic quip when asked why rates are higher: "more sellers than buyers?" OK, so maybe that's not so classic, depending on your...
Tue, May 12 2015, 3:55 PM
Mortgage rates moved disconcertingly higher again today, despite the fact that underlying market levels actually improved during the day. Guaran...
Tue, May 12 2015, 1:29 PM
Bonds were horribly weaker yet again overnight, and the same old factors are in play. These aren't glamorous, satisfying to understand, or easy to ex...
Mon, May 11 2015, 10:52 AM
Taking a quick look at what people are doing with their money, just 14% of American households own individual stocks,
according to Federal Reserve d...
Mon, May 11 2015, 7:34 AM
Bond markets sold-off too far and too fast heading into last week's jobs report. In fact, even by Thursday morning (overnight), the sell-off had reac...
Mon, May 11 2015, 5:42 PM
As I check my mental inventory of recent headline titles, I find it interesting and scary that the only other times that compare historically have bee...
Mon, May 11 2015, 4:49 PM
Mortgage rates moved quickly
back to their recent highs today as investors race to reposition for a
perfect storm of risks. The biggest risk i...
Mon, May 11 2015, 2:20 PM
Home price appreciation accelerated in
many metropolitan areas in the first quarter of 2015. The National Association of Realtors® (NAR) again
sa...
Mon, May 11 2015, 2:08 PM
The House Financial Services Committee (FSC) has scheduled a hearing
(through its subcommittee on Housing and Insurance) on May 14 titled "TILA-RESPA...
Mon, May 11 2015, 1:39 PM
This isn't the most enjoyable way to begin the new week, but it was one of the options suggested by recent trends. Specifically, this option was the ...
Fri, May 8 2015, 10:11 AM
According
to the MBA's Quarterly Index of Commercial/Multifamily Mortgage Bankers
Originations for the first quarter of 2015, the YoY origination ...
Fri, May 8 2015, 7:34 AM
Today is probably the most interesting of the year when it comes to long term implications for domestic bond markets. If you think about it, things m...
Fri, May 8 2015, 4:54 PM
The game is not over. We didn't just miraculously win against all odds. The sell-off that's plagued bond markets for the past 2 weeks can't yet be...
Fri, May 8 2015, 4:14 PM
Mortgage rates had been under heavy attack for several weeks before finally striking back yesterday. The counterattack could only go so far with...
Fri, May 8 2015, 3:17 PM
A million or more consumers nationwide
may see their credit histories improve as a result of an agreement in a Federal
Bankruptcy Court in White Pla...
Fri, May 8 2015, 1:27 PM
If you observe nothing else from anything I've written this week, it should be the calls for a technical correction on Wednesday and Thursday. Those ...
Thu, May 7 2015, 10:59 AM
For aging LOs and real estate agents, a report by Genworth Financial
finds the median bill for 1 year in a nursing home is now $91,250 vs.
$87...
Thu, May 7 2015, 7:34 AM
Yesterday's morning commentary contained a chart and discussion on Treasury yields breaking above the upper bollinger band for 5 consecutive days....
Thu, May 7 2015, 5:33 PM
Before the Fed wrapped up QE purchases last year, the amount of movement we saw in the first few minutes of the day would have bordered on catastrophi...
Thu, May 7 2015, 4:54 PM
Mortgage rates finally dug in their heels and made some slight improvements today . For the past 4 days, they'd moved higher at the fastest pace ...
Thu, May 7 2015, 3:57 PM
Fannie Mae said on Thursday that while
the results of its April National Housing Survey showed some improvement in housing
sentiment, it was "likely...
Thu, May 7 2015, 3:49 PM
Both
government sponsored enterprises (GSEs) reported profitable first quarter
financial results for the first quarter.
Both will pay a dividend...
