Thu, Feb 5 2015, 2:41 PM
Even though his predecessor as head of the Federal Housing
Finance Agency (FHFA) was adamant in his refusal to consider it, Melvin L. Watt
seems r...
Wed, Feb 4 2015, 9:43 AM
Appraisers, and pet lovers, will find this house dedicated to felines
of interest. Personally, I view it as somewhat quirky. Maybe not so
quirky...
Wed, Feb 4 2015, 8:59 AM
Mortgage activity showed no signs of settling down from its rather wild
and wooly behavio r since the first of the year. Data from the Mortgage Ban...
Wed, Feb 4 2015, 7:37 AM
For the first time in the history of the Day Ahead, I'm referencing an oil inventory report as a solid potential market mover. This is significant,...
Wed, Feb 4 2015, 4:58 PM
Mortgage rates were steady to slightly higher today, depending where you looked and at what time of day. The morning hours brought additional pa...
Wed, Feb 4 2015, 4:39 PM
Unlike yesterday, which had a decent start and crappy conclusion, today's trading session began with bond markets at their weakest levels in more than...
Wed, Feb 4 2015, 1:38 PM
To make a long story short, bond markets have been correcting from their recent rally ever since Greece began correcting from their recent rout . ...
Tue, Feb 3 2015, 12:51 PM
10yr yields are up just more than 7bps to 1.75%. That's bad in the sense that 1.70 is an inflection point that would have been nice to hold, but s...
Tue, Feb 3 2015, 10:20 AM
What's
ahead of us this month? Valentine's Day, that's what. "The Hallmark
Holiday" is quickly approaching and hopefully you have bought your love...
Tue, Feb 3 2015, 10:03 AM
The uninterrupted streak
of annual nationwide price increases was extended to 34 months in December
CoreLogic said today. The company's Home
P...
Tue, Feb 3 2015, 7:33 AM
First thing's first. Let's make a quick distinction between bond market components. When we talk about "incredible momentum," it has nothing to do...
Tue, Feb 3 2015, 5:11 PM
Bond markets began the day by putting in a repeat performance of yesterday's overnight and early morning hours. Both days say a 3-4 bp drift higher ...
Tue, Feb 3 2015, 4:33 PM
Mortgage rates picked up the pace of weakness today, moving higher at their quickest pace of the year. That's the bad news. The good news is th...
Mon, Feb 2 2015, 12:48 PM
December expenditures for construction posted a small gain
in December, rising a scant 0.4 percent over November figures. The Census Bureau said tod...
Mon, Feb 2 2015, 12:33 PM
Overnight and early domestic trading were unkind to bond markets. Global PMI data was generally in line with expectations or slightly stronger. Tr...
Mon, Feb 2 2015, 10:18 AM
The economy is filled with surprises , and people warning us about them
- and us not listening. Every time we fill up our gas tanks we are
remi...
Mon, Feb 2 2015, 7:23 AM
Another week, another chance for markets to express their feelings about European QE, Greek theater, and 'global growth concerns.' So far, these thin...
Mon, Feb 2 2015, 5:08 PM
At one point, today looked like it could be nearly as anticlimactic for bond markets as 2nd goal for the--well... never mind. Nothing is that antic...
Mon, Feb 2 2015, 4:26 PM
Mortgage rates were just slightly higher today, but generally did a good job of holding on to recent gains. For perspective, last Friday was the...
Mon, Feb 2 2015, 3:09 PM
Rising home prices have been a boon to many homeowners but may
not bode as well for those who are facing foreclosure. Black Knight Financial Service...
Fri, Jan 30 2015, 10:48 AM
The
U.S. Census Bureau has published some facts featuring the metro areas
represented by the two teams playing in Super Bowl XLIX (the New England...
Fri, Jan 30 2015, 7:32 AM
The last trading day of the month for bond markets is more interesting than average in its own right. Money managers are busy making sure their hol...
Fri, Jan 30 2015, 5:29 PM
Nothing has materially changed from the Mid-Day recap, so for the nuts and bolts of today's rally, that would be the best place to get caught up:
...
Fri, Jan 30 2015, 3:51 PM
Mortgage rates moved lower today at their fastest pace since January 14th. Rates sheets moved well past recent lows and back to levels not seen ...
Fri, Jan 30 2015, 3:32 PM
When Federal Housing Finance Agency Director Melvin L. Watts
testified before the House Financial Services Committee early this week he said
that FH...
Fri, Jan 30 2015, 3:27 PM
As it said it would, the Consumer Financial Protection
Bureau (CFPB) has taken steps to assist small lenders , particularly those in
rural areas, c...
Fri, Jan 30 2015, 3:26 PM
The topic of income inequality is, as they
say, trending, and this has moved CoreLogic to look at the nature of incomes and
homeowners. In a rece...
Fri, Jan 30 2015, 1:13 PM
The overnight session was orderly and positive for Treasuries. Yields continued mechanically grinding lower from yesterday's bounce at 1.785 (10yr Tr...
Thu, Jan 29 2015, 12:46 PM
While there have been several economic events in the overnight and domestic sessions that seemingly imparted some momentum, bond markets are better de...
Thu, Jan 29 2015, 10:54 AM
The rate at which contracts were signed to purchase homes was down slightly
in December the National Association of Realtors® (NAR) said today. Ev...
Thu, Jan 29 2015, 10:45 AM
"Rob, I just heard of a major lender offering an internal incentive for originating FHA streamline refinances .
The bonus is 100 bps on top of thei...
Thu, Jan 29 2015, 7:32 AM
So much of 2014 was spent building up to the notion of ECB QE and so much of the first 2 weeks of 2015 was dedicated to fully pricing it in that bon...
Thu, Jan 29 2015, 4:46 PM
"Inside day" is a good little piece of market jargon. It refers to a day of trading where prices, yields, or whatever you want to chart fall INSIDE ...
Thu, Jan 29 2015, 3:53 PM
Mortgage rates were steady to slightly higher today on average. Some lenders were actually slightly lower, but they were the exception. In cont...
Thu, Jan 29 2015, 3:49 PM
Fifty-six percent of loans closed in
December were for home purchase, somewhat lower than the average for 2014 as a whole
according to the Originat...
Wed, Jan 28 2015, 12:34 PM
I'm not sure why anyone is writing article headlines that reference the approaching Fed announcement. Does the Fed even matter right now? Or perha...
Wed, Jan 28 2015, 9:57 AM
Don't
forget that last Friday Ocwen Financial reached a settlement with a
California regulator that will allow it to continue operating in the
...
Wed, Jan 28 2015, 9:03 AM
The law of physics prevailed last week and mortgage applications, riding
high for the previous two weeks, returned to earth. The Mortgage Bankers As...
Wed, Jan 28 2015, 7:25 AM
With all the recent focus on Europe, and with no major surprises hanging in the balance for domestic monetary policy, it's easy to forget about the ...
Wed, Jan 28 2015, 5:19 PM
Freddie Mac's Multi-Indicator Market
Index (MiMi) rose nationally this month for the third consecutive time. This,
along with improving three month...
Wed, Jan 28 2015, 5:03 PM
Mortgage rates fell again today , and while the move wasn't big, it was enough to bring most lenders back in line with the best rates from two wee...
Wed, Jan 28 2015, 4:52 PM
Today's FOMC Announcement resulted in one of the strangest market reactions in recent memory. Explanations for the various movements abound, and mo...
Tue, Jan 27 2015, 11:19 AM
As has been the case for some months the latest report from
S&P/Case Shiller shows a continued slowing of home price increases. November results for...
Tue, Jan 27 2015, 10:38 AM
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Tue, Jan 27 2015, 10:33 AM
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Tue, Jan 27 2015, 10:29 AM
I
see a fair amount of state-level news, and it seems to be the season
for lenders to meet with legislators. What items are on the agendas? As
a...
Tue, Jan 27 2015, 7:33 AM
Today brings a relative deluge of economic data compared to yesterday. Reports include Durable Goods, Case-Shiller Home Prices, New Home Sales, and...
Tue, Jan 27 2015, 4:46 PM
Mortgage rates continued a recent pattern of small day-to-day changes today. This time, however, lenders were more unified in a move to slightly...
Tue, Jan 27 2015, 4:46 PM
After briefly breaking above the 1.84% inflection point amid last week's ECB-related volatility, 10yr Treasury yields have been religiously leaning on...
Tue, Jan 27 2015, 2:51 PM
Melvin L. Watt, appeared before the House Financial Services
Committee on Tuesday, his first such appearance since he became director of the
Federal...
