Mon, Nov 10 2014, 1:43 PM
Senior loan officers who responded to the Federal
Reserve's quarterly survey of bank lending practices in October reported that
changes to bank len...
Fri, Nov 7 2014, 12:42 PM
Bond market resilience last Friday in the face challenging news suggested buyers might be planning an attack for the near future. It would have been ...
Fri, Nov 7 2014, 10:34 AM
Lots of folks
are going crazy over the avalanche of rules and regulations that are
increasing the cost of every mortgage made in the United States...
Fri, Nov 7 2014, 7:32 AM
From the moment yields began drifting higher following the mid-October rally, absolutely nothing new has happened for bond markets. Trading levels ha...
Fri, Nov 7 2014, 5:14 PM
Mortgage rates made a strong move lower
today, erasing the entire week's losses and regaining levels last seen
on October 30th and 31st. In ...
Fri, Nov 7 2014, 5:13 PM
S&P futures--the best and most liquid snapshot of the broader US stock market--closed yesterday about 2 points higher than they are heading into the c...
Fri, Nov 7 2014, 2:54 PM
Equity got some close scrutiny in the
current edition of Mortgage Monitor, a
monthly publication of Black Knight Financial Services. The company ...
Fri, Nov 7 2014, 2:09 PM
Earlier this year, after solid price increases nationally (11 percent in
2013 alone) and near meteoric gains in some markets, speculation began about...
Fri, Nov 7 2014, 1:31 PM
I was struck by a comment made by the Mortgage Bankers’ Association President David Stevens last week: "It's time to acknowledge all the safeguard...
Fri, Nov 7 2014, 1:25 PM
Federal Housing Finance Agency (FHFA) Director Melvin H.
Watt told an audience of Realtors® today that after some difficult years in
housing a much ...
Thu, Nov 6 2014, 12:21 PM
This morning's main event was the post-announcement press conference with ECB (European Central Bank) President Mario Draghi. It made for some volati...
Thu, Nov 6 2014, 10:57 AM
The National Association of Home
Builders/First American Title Leading Market Index (LMI) had a year-over-year net
gain of seven metropolitan area...
Thu, Nov 6 2014, 10:54 AM
This
week I have the privilege of spending a little time in Murfreesboro, TN
(with First Community Mortgage) and a few days ago in Salt Lake City ...
Thu, Nov 6 2014, 7:22 AM
The actual geometric shape that would be required to account for all the different considerations affecting bond markets would be one of those long do...
Thu, Nov 6 2014, 5:19 PM
With this morning's ECB events merely causing volatility that resulted in essentially no change in trading levels, the most interesting aspect of th...
Thu, Nov 6 2014, 3:45 PM
Mortgage rates didn't budge today . Most lenders didn't adjust rate sheets enough to affect yesterday's loan quotes. This is a fairly rare occur...
Thu, Nov 6 2014, 2:07 PM
Institutional
investor participation in the single family residential market fell another
notch in the third quarter of 2014. RealtyTrac
said to...
Thu, Nov 6 2014, 2:02 PM
Is the foreclosure storm almost over or
as RealtyTrac suggests in its most recent HousingNewsReport , merely
gathering strength to come roaring ba...
Thu, Nov 6 2014, 1:43 PM
Both Freddie Mac
and Fannie Mae released third quarter financial results on Thursday. The government sponsored enterprises (GSEs)
each reported tha...
Wed, Nov 5 2014, 12:50 PM
While today had a chance to kick off the bigger potential volatility expected during the second half of the week, an uneventful reaction to election...
Wed, Nov 5 2014, 10:40 AM
If
you don't think that the gap between the haves and have-nots is
widening, Forbes reports about 50% of global wealth is controlled by 1%
of th...
Wed, Nov 5 2014, 9:30 AM
The resurgence enjoyed by refinancing over the last few weeks subsided a
bit in the face of rising interest rates during the week ended October 31. ...
Wed, Nov 5 2014, 7:32 AM
( NOTE : BLS and NFP are used somewhat interchangeably below, but the numbers in the charts are actually BLS's PRIVATE payrolls as NFP includes too mu...
Wed, Nov 5 2014, 4:48 PM
Mortgage rates continued their now incessant trend of exceptionally small day-to-day movement, rising only marginally today and remaining in the ...
Wed, Nov 5 2014, 4:43 PM
Tomorrow morning brings the European Central Bank (ECB) announcement and press conference with ECB Pres. Mario Draghi. While nothing new is expected ...
Tue, Nov 4 2014, 12:33 PM
Home prices fell slightly in September
compared to the previous month CoreLogic said on Tuesday, but continued to
increase on a year-over-year basi...
Tue, Nov 4 2014, 12:26 PM
The Mortgage Bankers Association (MBA) said on
Tuesday that an anomaly was likely responsible for the slight downward shift in
mortgage credit ava...
Tue, Nov 4 2014, 12:18 PM
Treasuries were stronger overnight as substantially downgraded Eurozone growth forecasts pulled yields lower. Interestingly (or 'suspiciously') eno...
Tue, Nov 4 2014, 10:55 AM
It
is Election Day (with a suitable joke below) and I am visiting Salt
Lake City. A recent report indicates that Utah ranked higher than the
nat...
Tue, Nov 4 2014, 7:43 AM
I haven't mentioned mid-term elections until today, which is a pretty fair deal considering their potential market impact. It may even be giving them...
Tue, Nov 4 2014, 5:00 PM
Bond markets traded an "inside day" today, meaning that the entirety of today's trading ranges in MBS and Treasuries fell "inside" the highs and lows ...
Tue, Nov 4 2014, 3:26 PM
Mortgage rates recovered somewhat
after moving to the highest levels in nearly a month yesterday. That
sounds more dramatic than it is consi...
Mon, Nov 3 2014, 12:20 PM
The
downward-drifting participation of first-time homebuyers over the last few
years has brought their share of the home buying market to its lowes...
Mon, Nov 3 2014, 12:12 PM
The overnight session got off to a slow start for US bond markets as Japan was out on holiday. This is important not only because overnight Treasury ...
Mon, Nov 3 2014, 11:31 AM
"Please
understand that we are acutely aware of the challenges created for
homebuyers, lenders and realtors when we are unable to meet desired
t...
Mon, Nov 3 2014, 7:26 AM
After last week's anticlimactic reaction to the end of QE3, the current week offers up several places to look for the inspiration owed to bond markets...
Mon, Nov 3 2014, 5:13 PM
In the context of a fairly narrow trading range by historical standards, bond markets had a volatile day. The start of the overnight session saw the ...
Mon, Nov 3 2014, 4:15 PM
Mortgage rates continued higher today, edging up to their worst levels in nearly a month. The most prevalently-quoted conforming 30yr fixed rate...
Mon, Nov 3 2014, 1:50 PM
U.S. construction spending eased back
slightly in September, to a seasonally adjusted annual rate of $950.92 billion. The U.S. Census Bureau repor...
Fri, Oct 31 2014, 12:46 PM
This will largely be a reprint of an update that appeared on MBS Live this morning. Reason being: that update covered the impact of big, surprising n...
Fri, Oct 31 2014, 11:07 AM
A recent motion filed by a mortgage
company to dismiss portions of a class action suit against it shows, according
to an attorney familiar with the ...
Fri, Oct 31 2014, 11:03 AM
Gaps of all kinds are widening out, and they are impacting business. In a story about " New Homes' Problem: Price " the
gap between the more exp...
Fri, Oct 31 2014, 7:32 AM
No single method of market analysis is always better than another, which is why it's always better to consider as many as possible and look for agreem...
Fri, Oct 31 2014, 5:01 PM
10yr yields are heading out the door at 2.335--a very significant level considering it had been the lowest closing yield of the year until October 8...
Fri, Oct 31 2014, 3:40 PM
Mortgage rates drifted inconsequentially higher to end the month, remaining well-within the recent range, albeit closer to the higher end. The mo...
Fri, Oct 31 2014, 3:26 PM
A survey of attitudes toward housing
released on Thursday by The Demand Institute indicates that the Baby Boom
generation still has no intention of...
Thu, Oct 30 2014, 12:30 PM
"A real estate market that should be flying high is
instead a real estate market that is faltering ," according to Brian Mushaney,
Executive Vice...
Thu, Oct 30 2014, 12:02 PM
"Jobless Claims remained in the 280's and GDP came in at 3.5 vs a 3.0 forecast. So naturally, bond markets are adding to yesterday's weakness."
Th...
Thu, Oct 30 2014, 11:19 AM
As
mortgage bankers gear up to see what the Shipping Department dresses up
as tomorrow, let's take a quick look at some demographics. There is now...
Thu, Oct 30 2014, 7:29 AM
GDP reports come in three flavors: advance, preliminary, and final. Today is the 'advance' reading for the 3rd quarter and hence the first look at Q3...
