Wed, Dec 10 2014, 12:54 PM
"Leak" is definitely one of those words that, if you say it enough, it starts to sound funny. One way to hear it pretty reliably is to tune in to the...
Wed, Dec 10 2014, 10:32 AM
Winston
Churchill said, "There are a terrible lot of lies going around the
world, and the worst of it is half of them are true." Figures don't lie...
Wed, Dec 10 2014, 9:49 AM
The
week ended December 5 was another of those post-holiday periods when mortgage
application data skews all over the place just as it did during th...
Wed, Dec 10 2014, 7:32 AM
Late in November, I suggested that the first week of December would give us the information needed to identify the trend that would carry us into the ...
Wed, Dec 10 2014, 4:39 PM
For two days in a row, the Fed hasn't had a Fannie/Freddie 30yr buying operation , and that's been painfully evident in the underperformance of MBS c...
Wed, Dec 10 2014, 3:59 PM
Mortgage rates moved only slightly lower
today, but it was enough to bring the end-of-day average to the lowest
in more than a year an a half. ...
Wed, Dec 10 2014, 2:47 PM
Cash
sales continued to decline in importance in September. These sales, which represented close to half
of all home sales when foreclosures and le...
Tue, Dec 9 2014, 10:45 AM
No
one wants to see their companies and future employment batted around in
the press, but perhaps our brethren and Freddie and Fannie are
accust...
Tue, Dec 9 2014, 7:32 AM
Yesterday morning, we were hoping that bond markets would find near-term technical support from Friday's weakest levels. Today, we're hoping for a di...
Tue, Dec 9 2014, 5:09 PM
Admittedly there are far more than 2 reasons for anything in financial markets to do anything. But when it comes to "the why" behind the ability of...
Tue, Dec 9 2014, 3:55 PM
Mortgage rates fell again today, bringing them very close to their lowest levels in more than a year and a half. US bond markets (including Trea...
Tue, Dec 9 2014, 2:02 PM
While
the dream of homeownership has been sidelined for many, it appears to have not been
derailed. Freddie Mac says the responses of renters to a...
Tue, Dec 9 2014, 1:15 PM
Credit
access increased in November, again primarily because of new jumbo loan
products. The Mortgage Bankers
Association (MBA) said its Mortgage ...
Tue, Dec 9 2014, 1:01 PM
It's not that China isn't an important cog in the global economy, but the tendency for major media outlets to focus on it as some sort of central mark...
Mon, Dec 8 2014, 10:57 AM
Folks
who have all their retirement money tied up in Ocwen shares hope that
they don't go the way of Lehman Brothers, PNC, Countrywide, WAMU, and ...
Mon, Dec 8 2014, 7:33 AM
Any time we see an Employment Situation report come in as strong as last Friday's, it causes some measure of concern for follow-through trading. In...
Mon, Dec 8 2014, 4:33 PM
Mortgage rates improved to
begin the new week--a welcome development considering last week ended
with a strong jobs report and a moderate mov...
Mon, Dec 8 2014, 4:33 PM
European bond markets broke out to an early lead in the overnight session with Treasuries doing a great job of resisting the gains. It's not that U...
Mon, Dec 8 2014, 1:35 PM
After closing to its narrowest margin in survey history in October the gulf between people who think the current market it a good one for buyers and/...
Mon, Dec 8 2014, 1:27 PM
The two government sponsored
enterprises (GSEs) announced details today of their respective new low
downpayment conventional mortgage loans.
Each ...
Mon, Dec 8 2014, 1:19 PM
There was a big drop in the S&P just after the noon hour, and it's being attributed to slumping energy shares or some such thing. Frankly, I haven'...
Fri, Dec 5 2014, 10:54 AM
Yesterday
at the MBA's IMB conference, besides folks talking about Chase
correspondent pricing through the market, wondering if 4:1 is the magic...
Fri, Dec 5 2014, 7:32 AM
This time last year when 10yr yields were at 2.86 the night before NFP, I remember thinking about where we might be by the end of 2013 and then about ...
Fri, Dec 5 2014, 4:14 PM
It's actually fairly impressive to see Fannie 3.5 MBS "only" down 11 ticks on a day when the jobs report came in at 321k vs 230k forecast. There wa...
Fri, Dec 5 2014, 3:32 PM
Mortgage rates moved only slightly higher today in spite of an exceptionally strong Employment Situation Report. This particular jobs report is ...
Fri, Dec 5 2014, 2:37 PM
In its current edition of its monthly Mortgage Monitor report Black Knight
Financial services takes a new look at data on underwater delinquent bor...
Fri, Dec 5 2014, 2:11 PM
Three foreclosure prevention initiatives begun
in the early years of the housing crisis will receive updates to better reflect
the changing needs of...
Fri, Dec 5 2014, 1:24 PM
Mortgage bankers reported a slight
decrease in profits during the third quarter of 2014, with gains per loan
decreasing even as volume grew and th...
Fri, Dec 5 2014, 1:23 PM
Realtor.com® is offering five predictions
for the coming New Year. Three bode well
for the housing market and none are new.
Most in fact could ...
Fri, Dec 5 2014, 1:05 PM
If you're just getting caught up with this morning's events, first thing's first: NFP was much stronger than expected (321k vs 230k forecast). As wit...
Thu, Dec 4 2014, 12:59 PM
Genworth U.S. Mortgage Insurance recently released its survey
that was conducted at the MBA conference in Las Vegas in October of
over 300 indu...
Thu, Dec 4 2014, 12:56 PM
Bond markets had a volatile reaction to this morning's European Central Bank press conference. Part of the problem is that Mario Draghi was seemingly...
Thu, Dec 4 2014, 7:32 AM
Remember a few of those NFP days earlier in 2014 when bond markets ended up having a totally counterintuitive reaction? (If you don't remember, but w...
Thu, Dec 4 2014, 5:04 PM
I haven't seen many days with as many different relevant considerations for bond markets, but if you don't really care about the details, the only im...
Thu, Dec 4 2014, 3:47 PM
Mortgage rates recovered some recently lost territory today following a press conference with European Central Bank (ECB) President Mario Draghi....
Thu, Dec 4 2014, 1:26 PM
Completed foreclosure dropped
precipitously in October compared to September, although they were down to a
significantly lesser extent from a year...
Wed, Dec 3 2014, 12:33 PM
Today's economic data hasn't had much of an effect on bond markets, but with the morning activity now in the rearview, the effects look slightly more ...
Wed, Dec 3 2014, 9:54 AM
With
plenty of texts flying around regarding the MBA's conference in San
Diego that starts today and thus the early commentary, here is an
"exci...
Wed, Dec 3 2014, 9:46 AM
Either eating turkey, Black Friday bargain hunting, or maybe both appear
to have diverted many Americans from pursuing a mortgage last week. Applica...
Wed, Dec 3 2014, 7:32 AM
The past two weeks have been the best and worst of times when it comes to bond markets and mortgage rates. While it is always nice to go on a run to ...
Wed, Dec 3 2014, 4:15 PM
Redfin, the large national real estate
firm based in Seattle, is reporting that, while sales of homes costing over $1
million is still outpacing the...
Wed, Dec 3 2014, 3:21 PM
Mortgage rates moved higher today but at a gentler pace than yesterday. In fact, underlying markets managed to hold fairly close to unchanged le...
Tue, Dec 2 2014, 12:53 PM
The easiest way to facilitate a mid-day update today will be to simply copy and paste a morning update from MBS Live . Before I do that, and because...
Tue, Dec 2 2014, 12:28 PM
Total construction expenditures nationwide
in October are estimated to have been at a seasonally adjusted annual rate of
$971.0 billion. The Census...
Tue, Dec 2 2014, 10:37 AM
Half of the nation's states and the
District of Columbia are now at or within 10 percent of the peak reached before
the housing crisis brought home ...
Tue, Dec 2 2014, 7:32 AM
Bond markets love to "hide behind" seemingly important calendar events that aren't actually that important. Those events draw in more participation a...
Tue, Dec 2 2014, 5:40 PM
There have been some fairly silly suggestions floating around as to why bond markets have been taking lumps today, and they're risky because they do...
Tue, Dec 2 2014, 4:07 PM
Mortgage rates finally ended a 7-day winning streak today, moving higher for the first time since November 19th. The losses were not insignifica...
Mon, Dec 1 2014, 12:02 PM
It's been a mostly uneventful morning so far, at least for MBS. Overnight trading was generally supportive thanks to weaker PMIs abroad, Moody's cu...
Mon, Dec 1 2014, 9:32 AM
I still own a typewriter. But Discover Home Loans conducted a national survey of more than 1,000 recent homebuyers and found that most homebuyers b...
