Tue, Jan 27 2015, 1:22 PM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Tue, Jan 27 2015, 1:16 PM
The overnight session was generally flat to slightly stronger for Treasuries. Early domestic trading was limited due to the snow storm in New York (t...
Mon, Jan 26 2015, 11:55 AM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Mon, Jan 26 2015, 10:42 AM
One never knows what will cause mass hysteria . Maybe the storm hitting the Northeast? I doubt Ocwen's troubles
will cause it, but the industry h...
Mon, Jan 26 2015, 7:25 AM
It's more or less impossible that we'll see any chance in policy stance with this Wednesday's FOMC Announcement, but it's still on the radar as a rele...
Mon, Jan 26 2015, 5:10 PM
After two weeks of elevated volumes and activity, today hearkened back to old-fashioned Mondays . Participation was light, market movement was larg...
Mon, Jan 26 2015, 2:56 PM
Mortgage rates were unchanged in most cases today, though some lenders were microscopically higher or lower compared to last Friday. Any attempt...
Mon, Jan 26 2015, 1:07 PM
The week is off to a fairly anticlimactic start, belying the initial volatility seen after the Greek elections early in the overnight session. 10yr y...
Fri, Jan 23 2015, 12:56 PM
You may have the market aphorism that it's easier to ride waves than to swim against them. The post-ECB bond market wave is still in force today wi...
Fri, Jan 23 2015, 11:47 AM
Fannie
Mae's economists expect the economy to strengthen in 2015 and that will "drag"
housing into a better cycle this year.
The company's forec...
Fri, Jan 23 2015, 11:32 AM
There
is certainly no dearth of economic and housing forecasts afoot in the land. Freddie Mac starts out its current U.S.
Economic & Housing Marke...
Fri, Jan 23 2015, 11:19 AM
Existing home sales yo-yoed again in December. The National Association of Realtors® (NAR) said total sales
of existing homes, including single fami...
Fri, Jan 23 2015, 10:48 AM
I
am in Portland, Oregon today, but I flew, of course, commercial. In
things to note, in Davos, Switzerland, where the famous finance folks
are,...
Fri, Jan 23 2015, 7:34 AM
It would be nice if yesterday's European Central Bank announcement had come with an instruction manual that let markets know how to react and at what ...
Fri, Jan 23 2015, 5:15 PM
Mortgage rates were modestly lower today, and are now getting back in line with levels not seen in more than 20 months. Only the last 3 days of ...
Fri, Jan 23 2015, 5:14 PM
Some time between yesterday's European Central Bank (ECB) announcement and this morning's open, market participants decided to interpret the QE progra...
Thu, Jan 22 2015, 10:55 AM
Youth might be wasted on the youth, but maybe not education. MBA Education today announced the launch of Mortgage Banking Bound , a program designed ...
Thu, Jan 22 2015, 7:25 AM
Today is one of those special days for financial markets where we finally come to an event with so much hype that it's a big deal no matter how it g...
Thu, Jan 22 2015, 5:29 PM
10yr yields rocketed from 1.94 to 1.81 after this morning's ECB QE announcement and then leveled off right in between (that's 1.875 for those of you p...
Thu, Jan 22 2015, 4:48 PM
Optimism about the housing market has been a "misplaced
notion" for the last seven years according to Wells Fargo Senior Economist Mark
Vitner, Bu...
Thu, Jan 22 2015, 4:42 PM
Wells Fargo and JPMorgan Chase along with a former Wells
Fargo employee and his wife are the subjects of consent orders filed by the
Maryland Attor...
Thu, Jan 22 2015, 3:34 PM
Mortgage rates didn't budge today. That's impressive considering the amount of volatility in financial markets leading up to and following the E...
Thu, Jan 22 2015, 1:24 PM
By the time this morning's ECB QE announcement hit, there was little doubt about it's existence. Bond markets spent the overnight session continuin...
Wed, Jan 21 2015, 10:40 AM
December's numbers for residential construction were mixed
when compared to November, but all were better than the monthly figures the previous
Dece...
Wed, Jan 21 2015, 10:34 AM
A new JPMorgan Chase report indicates that summer jobs for young adults have significantly declined .
Less than half of young people (46%) who appl...
Wed, Jan 21 2015, 9:18 AM
Applications for mortgage refinancing scored a second straight week of
solid growth during the period ended January 16, with the Mortgage Bankers
As...
Wed, Jan 21 2015, 7:32 AM
This question has come up a lot recently, so let's discuss it. What follows will be my take on it, and I have no idea if it will be the right take. ...
Wed, Jan 21 2015, 5:28 PM
Mortgage rates moved moderately higher on average today. Recently high volatility in financial markets continues driving stratified pricing stra...
Wed, Jan 21 2015, 5:23 PM
This may be the first time in the history of the MBS Commentary that Canada has made an appearance as a relevant market mover--let alone a headline ...
Wed, Jan 21 2015, 1:33 PM
Unexpected headlines have given markets plenty to digest this morning. German bond markets began pushing yields higher right from the start of the ...
Tue, Jan 20 2015, 12:02 PM
For bond markets, today has largely been about holding ground and retrenching. The most relevant example came during the overnight session--just befo...
Tue, Jan 20 2015, 11:31 AM
The National Association of Home Builders' (NAHB') monthly
assessment of builder confidence in the new home market showed a slight
weakening in Ja...
Tue, Jan 20 2015, 10:29 AM
Whether
you're upper class, middle class, lower class, or drinking class, do
you really think the distribution of wealth is somewhat widespread?
...
Tue, Jan 20 2015, 7:32 AM
After trading in a narrow channel for the first three quarters of 2014, bond markets became increasingly volatile. The first three weeks of 2015 have...
Tue, Jan 20 2015, 4:30 PM
Mortgage rates were truly mixed today, with some lenders improving while others moved higher. More than a few were unchanged or close to it. Al...
Tue, Jan 20 2015, 4:28 PM
Anxiety and anticipation are in full supply as markets approach Thursday's exceptionally important ECB news. Last Friday, this anxiety took the form ...
Tue, Jan 20 2015, 3:29 PM
The Supreme Court will hear oral arguments on Wednesday that may drastically
change the way in which the 1968 Fair Housing Act has been interpreted. ...
Fri, Jan 16 2015, 10:59 AM
Poor
Baby Boomers. The industry is so fixated on waiting for the "trophy
generation" Millennials to figure out what they want for housing (see
u...
Fri, Jan 16 2015, 7:40 AM
This chart was scaled based on everything that came before yesterday in order to see how big yesterday was by comparison. The red line is the Swiss F...
Fri, Jan 16 2015, 5:18 PM
Mortgage rates pulled back to slightly higher levels today as broader markets underwent a correction from relatively frenzied movement over the p...
Fri, Jan 16 2015, 5:06 PM
Bond markets sold off today because they rallied so hard earlier this week. That is all*.
I mean, we could sit here and attempt to assign signific...
Fri, Jan 16 2015, 1:06 PM
Global financial markets have been engaged to the idea of sovereign QE from the European Central Bank for nearly a year. After yesterday's Swiss surp...
Thu, Jan 15 2015, 12:39 PM
The following is an excerpt from of an update that appeared this morning on MBS Live. Members will have already seen it.
All About the Franc, 'B...
Thu, Jan 15 2015, 10:42 AM
Applications for mortgages to purchase newly constructed
homes dipped slightly in December, down 0.4 percent from the volume reported in
November....
Thu, Jan 15 2015, 10:41 AM
Cash sales dropped
on a year-over-year basis for the 22 nd consecutive month in October and
CoreLogic is projecting they will return to their pre-c...
Thu, Jan 15 2015, 10:36 AM
Have
some spare doubloons sitting in your bank account, and want to put them
to work? You could buy a Japanese 10-yr note and earn about .25% per ...
Thu, Jan 15 2015, 7:33 AM
Yesterday was the most exciting day in bond markets in a long time. 10yr yields made it into the 1.7's, which had an altogether different feel than...
Thu, Jan 15 2015, 5:20 PM
Mortgage rates continued relentlessly lower today, but they did so under protest. In fact, the amount of improvement on some lenders' rate sheet...
Thu, Jan 15 2015, 5:20 PM
When global financial markets are convulsing with uncertainty and anticipation, where can you find a safe, liquid place to park your money?
One ...
Wed, Jan 14 2015, 12:47 PM
It's a very simple, very awesome day so far for bond markets. The European Court of Justice news was great for peripheral nations (Italy, Spain, Po...
