Fri, Apr 17 2015, 4:32 PM
Mortgage rates barely budged yet again today despite more volatility in underlying financial markets. This is the 3rd day in a row with similar ...
Fri, Apr 17 2015, 3:19 PM
As we prepare and retool for the August 1st disclosure changes, it will be easy to lose sight of the opportunity that is before us. The regulatory i...
Fri, Apr 17 2015, 1:26 PM
If this happens to be your very first time reading this site, you should know that we've been talking a lot about a few things. First is the fact t...
Thu, Apr 16 2015, 11:58 AM
The rate of permitting for construction of single family
housing and residential construction completions were both down in March, Housing
starts ...
Thu, Apr 16 2015, 11:03 AM
This will be the third day in a row where bond markets have begun the day in stronger territory only to give back some of the gains as the day conti...
Thu, Apr 16 2015, 10:42 AM
Foreclosure activity increased by 20 percent in
March compared to February and was up 4 percent from a year earlier. RealtyTrac, in its combined M...
Thu, Apr 16 2015, 10:35 AM
The House of Representatives has passed a bill which would
amend the Truth in Lending Act (TILA) in respect to the way lenders compute and
disclos...
Thu, Apr 16 2015, 10:03 AM
Try
saying PSDS without sounding like you're from Boston saying "pierced
ears". And 3,100 miles away, in California, the latest report echoes
wh...
Thu, Apr 16 2015, 7:33 AM
The past two trading sessions have been highly informative for bond markets. As we've been discussing almost incessantly, there is good reason for bo...
Thu, Apr 16 2015, 4:03 PM
The trading day started out timidly enough, but with a bit of an ominous tone . This had to do with the fact the German Bunds made new all-time lows...
Thu, Apr 16 2015, 3:18 PM
Mortgage rates were unchanged again today , continuing a trend of minimal movement that has been intact for all but one day since Monday April 6th...
Wed, Apr 15 2015, 12:43 PM
The index measuring building confidence in the market for
new single family homes stopped its three month slide in April, jumping four
points from...
Wed, Apr 15 2015, 10:32 AM
Yesterday
we had plenty of CFPB updates , and let's continue with those. Remember
that even though although your bank or mortgage operation is th...
Wed, Apr 15 2015, 9:23 AM
Applications for purchase mortgages have ended three straight weeks in
which their volume increased an average of 6 percent. The Mortgage Bankers As...
Wed, Apr 15 2015, 7:33 AM
Up until yesterday, everything since NFP had been fairly boring in terms of bond market activity. While there were some instances of moderate movemen...
Wed, Apr 15 2015, 5:02 PM
Markets have been doing a good job of reacting to economic data so far this week. That was a good thing again this morning as the data was weaker in g...
Wed, Apr 15 2015, 4:13 PM
Mortgage rates were unchanged to slightly higher today, though that depends largely on the individual strategies of the lender in question. Some...
Wed, Apr 15 2015, 1:00 PM
Bond markets' willingness to accept guidance from economic data is in full swing. As discussed in the Day Ahead , this morning offered several more ...
Tue, Apr 14 2015, 12:53 PM
There was a better chance that bond markets would react to today's Retail Sales data despite the lack of reaction to the last reading ( reasons discu...
Tue, Apr 14 2015, 11:30 AM
While activity related to distressed mortgage
loans continues to grind its way back to normal levels, CoreLogic says that 17
of the 25 judicial fo...
Tue, Apr 14 2015, 11:26 AM
As a reminder, many in the industry know that as of April 1 new rates kicked in under the National Flood Insurance Program . Policy premiums increas...
Tue, Apr 14 2015, 7:34 AM
Last time we saw a Retail Sales report, the forecast called for a move back to +0.3 after the worst 2-month stretch since the onset of the financial c...
Tue, Apr 14 2015, 4:29 PM
Today's Retail Sales data stood a better chance to move markets than last time. Not only did the data move markets today, but it did so in a surpri...
Tue, Apr 14 2015, 4:11 PM
Mortgage rates improved today following a slightly weaker reading on Retail Sales data this morning. It seems that bond markets were waiting to ...
Tue, Apr 14 2015, 4:03 PM
First-time homebuyers seeking to buy a house through Fannie
Mae's HomePath ® program can
receive a significant hand-up from a new program the com...
Mon, Apr 13 2015, 12:42 PM
There was a good article last week titled Take Off Friday and Monday Because Most Bond Traders Already Do . Most of the gist can be gleaned from the...
Mon, Apr 13 2015, 9:51 AM
We're approaching the home buying season. What could $412k pick up in Detroit during the last home buying season? Here you go . Thanks to Brian B. fo...
Mon, Apr 13 2015, 7:34 AM
N OTE: Fannie and Freddie 30yr fixed MBS 'rolled' over the weekend. The post-roll price of Fannie 3.0 MBS was 102-02. That will look like a 10/32nd...
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...
