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...
Thu, May 7 2015, 1:35 PM
Move over Pontiac. Bond market volatility is driving excitement.
While that may be one of the worst s entences I've ever written, it has the red...
Wed, May 6 2015, 12:47 PM
I
received this note from a veteran LO in a western state. "I was talking
with a top-producing Realtor on broker tour this week. Unlike too many
...
Wed, May 6 2015, 10:58 AM
Applications for refinancing cratered last week, reaching their lowest
level in four months according to the Mortgage Bankers Association's (MBA's) W...
Wed, May 6 2015, 7:34 AM
The sell-off is getting old , literally and figuratively. Of course it's old in the sense that no one likes it, but what about it's objective age?
...
Wed, May 6 2015, 5:16 PM
Bonds sold off again. Don't look so surprised.
Yes, ADP data was weaker than expected, but it didn't matter due to pervasively weaker momentum ...
Wed, May 6 2015, 4:58 PM
Six federal regulators recently issued a final rule setting requirements for
state registration and supervision of appraisal management companies (A...
Wed, May 6 2015, 3:54 PM
Mortgage rates are having a rough couple of weeks. Yesterday saw rates approach the previous 2015 highs set on March 6th. Today's rates moved s...
Wed, May 6 2015, 1:40 PM
About one in 10 American adults have
no credit history according to a report from the Consumer Financial Protection
Bureau, a total of 26 million ...
Wed, May 6 2015, 1:38 PM
You'll notice an ongoing theme over the past few weeks as we talk about the selling pressure in bond markets, and that is that this sell-off should be...
Tue, May 5 2015, 11:52 AM
Nationwide
home prices are now within 10 percent of their pre-crash peaks and seven states
have surpassed those peaks, some have been establishing...
Tue, May 5 2015, 10:38 AM
I
grew up with a lock on my locker in school. Every once in a while
someone would have their combination stolen and locker broken into. Or
at le...
Tue, May 5 2015, 7:34 AM
Everywhere you look, pundits are slamming the bond market , both at home and abroad. This is usually the first sign that we're about to bounce back ...
Tue, May 5 2015, 6:17 PM
Given how critical first-time homebuyers are
to the housing system the Urban Institute says it is important to accurately
measure how present they...
Tue, May 5 2015, 6:11 PM
Bond markets sold off again today, though it wasn't necessarily destined to be the case. In other words, it actually took several events working to...
Tue, May 5 2015, 3:49 PM
Mortgage rates haven't been able to catch a break recently. Case in point, over the past 3 weeks, there have only been two days where rates manage...
Tue, May 5 2015, 1:22 PM
Ever have one of those days where it seems that the odds are hopelessly stacked against you? That's the sort of week and a half that bond markets hav...
Mon, May 4 2015, 9:53 AM
By
now the remains of the pizza lunches for everyone working OT to deliver
a successful April have been cleared away, and lenders are optimistic
...
Mon, May 4 2015, 7:34 AM
After rising to the highest side of the long term trend last week, yields have a chance to explode higher, or re-commit to the range this week. "Expl...
Mon, May 4 2015, 5:29 PM
The last 5 days have been ugly for bond markets--not quite as the beginning of February, but this time around, we aren't bouncing off multi-year lows....
Mon, May 4 2015, 4:18 PM
Mortgage rates continued higher today, extending a troubling move up to the highest levels since early March. Normally, movement in domestic inter...
Mon, May 4 2015, 3:45 PM
After looking at housing booms and busts in 20 countries,
three economists have concluded that the likelihood of a boom ended in a
housing market cy...
Mon, May 4 2015, 2:34 PM
Black Knight's
Mortgage Monitor report for May took
a close look at complaint trends lodged with the Consumer Financial Protection
Agency (CFPB)....
Mon, May 4 2015, 1:28 PM
With UK and Japan bank holidays, cash Treasuries didn't really have an overnight session (London and Tokyo are the hubs for Treasury trading during th...
Fri, May 1 2015, 12:16 PM
Treasuries and MBS are at the weakest levels in exactly a month and a half. The time frame preceding the March FOMC Announcement saw markedly weaker ...
Fri, May 1 2015, 11:38 AM
The
first quarter of 2015 was the third in a row that more than half of the
refinances funded through Freddie Mac were cash out transactions. Th...
Fri, May 1 2015, 11:00 AM
Total construction spending fell in March from February
levels and remained only slightly higher than one year earlier the Census
Bureau said today....
Fri, May 1 2015, 10:57 AM
Today
is Lei Day in Hawai'i. I guess Zillow doesn't consider Honolulu a "Metro Area".
Recently Zillow Research analyzed property taxes in the "la...
Fri, May 1 2015, 7:32 AM
Yesterday's morning headline asked if the recent move was weak enough that we should expect a bounce or so weak that it suggested further selling. In...
Fri, May 1 2015, 4:35 PM
Today wasn't necessarily a worst-case-scenario for bond markets, but it was reading from the same script. It's the version of the story where the e...
Fri, May 1 2015, 3:49 PM
Mortgage rates are in the midst of a serious move higher . This requires some context though, because not all serious moves higher are the same. ...
Fri, May 1 2015, 3:31 PM
As the Consumer Finance Protection Bureau enters its second year as the oversight regulator for the mortgage industry, the bulk of media focus is on ...
Thu, Apr 30 2015, 12:37 PM
During yesterday's bond market rout, a lousy reading on domestic data (GDP) effectively did nothing to stem the tide of overnight weakness. Today, th...
Thu, Apr 30 2015, 10:43 AM
I
travel around a fair amount, spending time with lenders, Realtors, and
TSA personnel. A major concern among the first two groups is whether or
...
Thu, Apr 30 2015, 7:32 AM
There are two ways to approach the weakness in bond markets over the past two days, and before we discuss them, I should warn you that I don't know ...
Thu, Apr 30 2015, 4:45 PM
Mortgage rates held their ground today, and in some cases, managed to improve after yesterday's rout. This result was far from guaranteed during t...
Thu, Apr 30 2015, 4:43 PM
After defying overnight pressure from European bond markets to open in stronger territory, domestic bond markets were soon facing their own pressure ...
Thu, Apr 30 2015, 2:32 PM
The Federal Housing Finance Agency reports that the two
government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac might
together require g...
Thu, Apr 30 2015, 2:11 PM
Remember 2010-2011 and the daily revelations about robosigning ?
Behind the shortcuts taken by servicers
in processing foreclosure documents (some...
Wed, Apr 29 2015, 10:39 AM
First
off, let me apologize for having the incorrect site in yesterday's
commentary regarding the funny history of the term "escrow" - this is th...
Wed, Apr 29 2015, 10:16 AM
Momentum appears to be building toward a
healthy spring market according to data released today on March pending home sales. The National Associat...
Wed, Apr 29 2015, 8:28 AM
A modest uptick in purchase mortgage applications during the week ended
April 24 was insufficient to offset a sizable drop in refinancing. The Mor...
Wed, Apr 29 2015, 7:34 AM
Atonal... without tone. That's what bond markets have been for nearly 6 weeks following the last FOMC Announcement. While today's is not the variety...
Wed, Apr 29 2015, 5:07 PM
Mortgage rates moved firmly up to the highest levels since March 17th. Incidentally, there was a Fed Announcement on March 18th and another Fed An...
