Tue, Mar 10 2015, 1:49 PM
Completed foreclosures declined by
nearly a quarter over the course of 2014 CoreLogic said today, and the
foreclosure inventory has improved even ...
Mon, Mar 9 2015, 12:59 PM
It's hard to know where to start discussing today's market activity, largely because today's market activity never really started . Ever since t...
Mon, Mar 9 2015, 10:25 AM
Occasionally
I am asked about how the agencies handle certain types of debt. As a
reminder, Fannie Mae requires that all deferred installment debt...
Mon, Mar 9 2015, 7:33 AM
Over the years, I've frequently gone back to the "limited data" theme on certain weeks where there is--well... limited data. The reason to mention/di...
Mon, Mar 9 2015, 5:20 PM
On the morning after 'springing forward,' we could forgive a bit of confusion or a bit of fatigue as folks who use archaic alarms may have been runnin...
Mon, Mar 9 2015, 4:32 PM
Mortgage rates managed to recover only some of Friday's heavy losses. The most prevalent conventional 30yr rate for top tier scenarios remains a...
Mon, Mar 9 2015, 1:23 PM
Black Knight Financial Service's current Mortgage Monitor Report takes an in-depth
look at home affordability and foreclosure metrics, both based...
Mon, Mar 9 2015, 1:09 PM
The share of all cash sales continue to fall in December along
with the volume of distressed property sales. CoreLogic said on Monday that
35.5 per...
Fri, Mar 6 2015, 12:32 PM
What is a dip-buyer? That's just a fancy term for an investor who has seen prices fall far enough to entice them to buy in the hopes of a bounce. It...
Fri, Mar 6 2015, 11:04 AM
Daylight
Savings commences for many parts of the U.S. dark and early Sunday
morning. For many this means spring is around the corner, with improve...
Fri, Mar 6 2015, 7:34 AM
For nearly a year, NFP hadn't mattered . That is to say, it ceased filling it's usual role as big-picture guidance giver. It was no longer setting ...
Fri, Mar 6 2015, 6:16 PM
We've been tracking a package from the BLS and new it was getting close as of Wednesday morning's major focus on employment metrics. Today we heard t...
Fri, Mar 6 2015, 4:38 PM
Mortgage rates were more or less obliterated today. Of course, everything's relative, so the obliteration is only relative to the average day of...
Fri, Mar 6 2015, 3:42 PM
It seems that taxes on real property reflect not only the
value of the property itself, but also how long the owner has held title. That was one f...
Thu, Mar 5 2015, 10:56 AM
Even though implementation of the Freddie Mac portion of the
new 97 percent conventional loan program is still weeks away the program
appears to be ...
Thu, Mar 5 2015, 10:49 AM
At
this time of year mortgage bankers everywhere are asking the same
critical question: "Is it acceptable to make an entire lunch out of Girl
Sc...
Thu, Mar 5 2015, 7:32 AM
When the ECB (European Central Bank) officially announced quantitative easing in January, they were pretty light on the details. At least that's true...
Thu, Mar 5 2015, 4:46 PM
Today's ECB press conference and QE details were indeed a hotly anticipated item, and they caused quite a stir for European bond markets (right where ...
Thu, Mar 5 2015, 4:38 PM
In a speech on Thursday the director of the Federal Housing
Finance Agency (FHFA) emphasized one of the three familiar goals of his agency's
2015 ...
Thu, Mar 5 2015, 3:38 PM
Mortgage rates held almost perfectly flat for the 2nd day in a row, despite market volatility caused by overseas events. The European Central Bank...
Thu, Mar 5 2015, 1:20 PM
Relative to its potential, today's release of ECB QE details turned out to inspire only modest volatility. Compared to an average day, however, the s...
Wed, Mar 4 2015, 12:39 PM
This morning's trading has been refreshingly straightforward. In fact, it's about as straightforward as it gets. Bond markets are clearly quite focu...
Wed, Mar 4 2015, 9:45 AM
Nothing
ruins your Friday like realizing it is only Wednesday! I lose track of
what we're celebrating this month: I was all geared up for the Iris...
Wed, Mar 4 2015, 9:12 AM
Mortgage applications were mixed and largely
flat during the week ended February 27.
The Mortgage Bankers Association said its Market Composite Ind...
Wed, Mar 4 2015, 7:01 AM
Wed, Mar 4 2015, 4:45 PM
Yesterday afternoon's latest levels in 10yr yields were right around 2.13. This morning's pre-data highs (just before 7am) were also right around 2.1...
Tue, Mar 3 2015, 12:38 PM
Anyone who's not talking about this week's rate movements in the context of the big Actavis corporate bond offering is missing the point . It was ...
Tue, Mar 3 2015, 10:52 AM
Irish-American Heritage is celebrated throughout the month of March and St. Patrick's Day is on March 17 th .
Once again our Census Bureau has its f...
Tue, Mar 3 2015, 7:33 AM
Yesterday morning, bond traders held off on more meaningful selling until they could rule out a big miss in the ISM data. That would normally mean ...
Tue, Mar 3 2015, 4:26 PM
Bonds sold off again today amid a total absence of economic data and meaningful headlines. Tradeflows were left in control and the biggest considerat...
Tue, Mar 3 2015, 3:18 PM
Mortgage rates moved convincingly higher for the second straight day, bringing them back near the highest levels of 2015. Rates are dictated pri...
Tue, Mar 3 2015, 2:34 PM
Home prices, including sales of distressed properties,
continued to appreciate on both an annual and a monthly basis in January. CoreLogic said th...
Tue, Mar 3 2015, 2:04 PM
The
multifamily market outperformed many predictions in 2014; vacancy levels,
despite a flood of new properties, declined by 10 basis points from ...
Mon, Mar 2 2015, 12:44 PM
In hindsight, this has turned out to be a simple morning for bond markets. That wasn't the case earlier when we could only guess at the likely culp...
Mon, Mar 2 2015, 11:32 AM
Both publicly and privately funded construction dipped
slightly in January from February levels the Census Bureau said today, although
both total ...
Mon, Mar 2 2015, 9:59 AM
National MI recently added a Homebuyer Education
course to its offerings. This online course will help first-time
homebuyers navigate the home ...
Mon, Mar 2 2015, 7:34 AM
It's an exciting and dangerous time for US rates markets, full of risk and opportunity. For those of us who were closely watching trends in rates...
Mon, Mar 2 2015, 5:34 PM
Have you heard much about Actavis before today?
Me neither, but that sure changed quickly! Actavis is a big pharmaceutical company that annou...
Mon, Mar 2 2015, 4:34 PM
Mortgage rates rose fairly sharply to begin the new month as a large corporate bond sale indirectly hurt the bonds that dictate mortgage rates. ...
Mon, Mar 2 2015, 4:26 PM
The Federal Housing Finance Agency (FHFA), conservator of
Fannie Mae and Freddie Mac (the GSEs), released guidelines for their sales of
non-perform...
Fri, Feb 27 2015, 11:27 AM
Even though sales of existing homes dropped by 4.9 percent
in January buyers were apparently out shopping and seriously so. The National Association...
Fri, Feb 27 2015, 11:06 AM
Zillow published an article
indicating that low-income renters have moved away from living in
rural, dense communities and into more affluent su...
Fri, Feb 27 2015, 7:34 AM
We're all a bit shaken up--us market watching types. Almost all of 2014 through January of 2015 was great, and now February has stuck out like a sore...
Fri, Feb 27 2015, 5:09 PM
Mortgage rates managed to scrape together modest gains for today's month-end session. In terms of the financial markets that dictate mortgage ...
Fri, Feb 27 2015, 4:59 PM
Very little has changed between now and the mid-day update (read that HERE if you like). To recap, bonds started the day roughly in line with yes...
Fri, Feb 27 2015, 3:04 PM
In our highly interconnected financial world, what happens in Europe, Greece, and Germany greatly affects our own bond and MBS markets .
There h...
Fri, Feb 27 2015, 2:39 PM
While its ultimate focus is the future
of the construction equipment business, Wells Fargo's Equipment Finance
division has some predictions for re...
Fri, Feb 27 2015, 1:06 PM
The last trading day of the month has managed to be a total let-down to anyone looking for excitement. In terms of doing no further harm , it's been...
Thu, Feb 26 2015, 12:43 PM
The Federal Housing Administration (FHA) saw its share of
the mortgage market soar to 72 percent of all mortgages issued in 2008 as other
lenders pu...
