Tue, Oct 21 2014, 3:03 PM
Financial regulators on Tuesday finally released
the final rule defining Qualified Residential Mortgages (QRM). The definition is intended to determ...
Mon, Oct 20 2014, 12:47 PM
Treasuries were moderately stronger overnight resulting in positive opening levels for MBS. Both continued to improve until the 9:30am stock market o...
Mon, Oct 20 2014, 9:57 AM
I
brought a set of workout clothes to the MBA conference, which turned
out to be a waste because we're all burning lots of calories dashing to
m...
Mon, Oct 20 2014, 7:29 AM
With a few more days between us and last Wednesday's epic bond market snowball, bigger media outlets have begun pondering said epicness. That's not n...
Mon, Oct 20 2014, 5:02 PM
David Stevens, President
of the Mortgage Bankers Association (MBA), told an audience attending the association's
s annual convention in Las Vegas th...
Mon, Oct 20 2014, 4:59 PM
Treasuries and MBS didn't end up making much progress today. Fannie 3.5s are only 2 ticks higher than they were at the close on Friday and 10yr yield...
Mon, Oct 20 2014, 4:31 PM
Federal
Housing Finance Agency (FHFA) Director Melvin L. Watt focused his remarks to
attendees at the Mortgage Bankers Association annual conference...
Mon, Oct 20 2014, 3:32 PM
Mortgage rates returned to levels best characterized as "under 4 percent" today after drifting higher on Friday. Last Wednesday was the first fo...
Mon, Oct 20 2014, 2:13 PM
Earlier this year the Mortgage Bankers
Association (MBA) began releasing its Mortgage Credit Availability Index , a
measure of how "loose" or "tigh...
Fri, Oct 17 2014, 11:31 AM
Zillow most recently published research indicating that a
recession negatively affects the housing industry due to a decrease in
employment oppo...
Fri, Oct 17 2014, 7:36 AM
It's tempting to draw conclusions based on what seem like clear signals in markets.
Clearly stocks and bonds have been in tune with each other ...
Fri, Oct 17 2014, 5:34 PM
Most days with modest gains in MBS would see similarly modest improvements in rate sheets. While there were a handful of positive reprices in the a...
Fri, Oct 17 2014, 3:58 PM
Mortgage rates moved slightly higher today, continuing a pull back from the best levels in 16 months on Wednesday. That said, apart from the first...
Fri, Oct 17 2014, 2:06 PM
One has to hope that foreclosure data
reported on Thursday by RealtyTrac is a sign that states are wrapping up the
foreclosure crisis that has been ...
Fri, Oct 17 2014, 2:03 PM
The Department of Housing and Urban Development has released the first wave
of data from the 2013 American Housing Survey (AHS) . It is a massive t...
Fri, Oct 17 2014, 2:03 PM
Over the last year or so mortgage
servicers have transferred a number of large mortgage portfolios to other
servicers. Beyond the selling of
mor...
Fri, Oct 17 2014, 1:36 PM
Increases in construction permits, starts, and
completions for multifamily housing stand out from an otherwise lackluster
batch of construction data...
Fri, Oct 17 2014, 1:21 PM
Today has been the calmest day of the week so far, which isn't saying too much considering the previous 3 days were the most volatile of the year. 10...
Thu, Oct 16 2014, 12:57 PM
Federal regulators may finally produce the long anticipated market standards
for Qualified Residential Mortgages (QRM), perhaps even as early as n...
Thu, Oct 16 2014, 12:50 PM
The National Association of Home
Builders (NAHB) said on Thursday that sentiment among its new home builder
members reversed course in October, with...
Thu, Oct 16 2014, 12:14 PM
MBS and Treasuries are essentially at their weakest levels of the past two days, fighting to hold that ground against a rebounding stock market and ...
Thu, Oct 16 2014, 10:24 AM
Outside
of California's Santa Clara Valley, the words "Affluent" and
"Millennial" aren't used too often together. But it turns out that when
aff...
Thu, Oct 16 2014, 7:32 AM
One blessing and curse associated with being human is our innate desire to make sense of the world around us. Yesterday's bond market rally was--in m...
Thu, Oct 16 2014, 5:31 PM
After the sorts of big movements seen yesterday, it's not uncommon to get an equally big movement back in the other direction. That may well have bee...
Thu, Oct 16 2014, 3:31 PM
Mortgage rates were forced to give back some of the tremendous improvements seen yesterday as financial markets corrected after the wild swing. Ap...
Thu, Oct 16 2014, 1:28 PM
The share of home purchased with all-cash is continuing
to drop, but even with a -3.0 percentage point change between July 2013 and July
2014 they s...
Wed, Oct 15 2014, 10:22 AM
A significant drop in mortgage rates triggered
a surge in refinancing activity during the week ended October 10. The Mortgage Bankers Association ...
Wed, Oct 15 2014, 8:40 PM
Today was intense. We'll probably be talking about it for years to come. While there have been bigger days of outright movement in bond markets, you...
Wed, Oct 15 2014, 7:36 AM
If you've ever watched a survival show where campers set up pots and pans tied on a string to sound an alarm for approaching bears, etc., then the u...
Wed, Oct 15 2014, 5:03 PM
Mortgage rates went on a truly epic ride today. From the opening bell to the closing bell, the mortgage-backed-securities (MBS) that underlie mort...
Wed, Oct 15 2014, 2:24 PM
If you're just tuning in, bond markets are having a career day with 10yr yields currently operating near 2.06 after trading in the 2.2's yesterday and...
Wed, Oct 15 2014, 1:08 PM
The Consumer Financial Protection
Bureau (CFPB) has proposed further changes to the new consolidated Loan
Estimate and Closing Disclosure Mortgage...
Tue, Oct 14 2014, 12:33 PM
Although bond markets were already heading toward their best recent levels by Friday night, the move over the weekend was on another level altogether....
Tue, Oct 14 2014, 10:51 AM
"American schoolchildren rank 25 th in math and 21 st in science out of the top 30 developed countries, but USA ranked 1 st in confidence that they...
Tue, Oct 14 2014, 7:34 AM
The tendency for bond yields to move in concert with stock prices had been spottier before September's FOMC Announcement, but has been over since then...
Tue, Oct 14 2014, 5:42 PM
As we discussed in this morning's Week Ahead , bond markets are highly attuned to the current fate of equities markets. This can be viewed either fr...
Tue, Oct 14 2014, 4:56 PM
Mortgage rates continued living the dream today, falling decisively past last week's lows to claim another instance of "best rates since June 2013....
Tue, Oct 14 2014, 1:58 PM
In July Sam Khater, an
economist at CoreLogic, wrote about the comeback of the condo market
and how construction of units had increased from pos...
Tue, Oct 14 2014, 1:07 PM
Three of the country's largest banks announced
their profits for the third quarter on Tuesday.
For Wells Fargo and Citigroup profits increased comp...
Fri, Oct 10 2014, 11:31 AM
The only economic data reported this morning was Import/Export Prices, which gives investors a gauge on inflation. Import prices posted a better than ...
Fri, Oct 10 2014, 8:45 AM
Hiring or firing, banks are finding their lending is about to come under further scrutiny by the Fed .
US regulators have started to audit Wall St ...
Fri, Oct 10 2014, 8:21 AM
The past few days got me thinking. I've been reading some articles and even some analysis from respected sources that I feel has missed the mark on w...
Fri, Oct 10 2014, 4:47 PM
Mortgage backed securities and treasuries opened in opposite directions this morning. MBS opened a few ticks worse than yesterday, while the benchm...
Thu, Oct 9 2014, 11:27 AM
It's the same story for stocks and bonds right now. Yesterday's impressive rally was extended overnight in both cases, and is now pulling back as the...
Thu, Oct 9 2014, 10:29 AM
Applications for mortgages with which to
purchase new homes in September were essential unchanged in volume from August the
Mortgage Bankers Associa...
Thu, Oct 9 2014, 9:41 AM
Capital
Markets folks are always watching the MBS market. It is not a simple
topic. For example, a "Catch-22" is preventing the issuance of
non-...
Thu, Oct 9 2014, 9:11 PM
Yesterday’s FOMC induced rally continued overnight and into the early morning. The benchmark 10 year treasury note fell to a low of 2.28 at the open, ...
Thu, Oct 9 2014, 7:31 AM
NOTE: Fannie and Freddie 30yr Fixed MBS " roll " tonight, meaning October coupons will no longer be traded and November coupons will take over as the...
Thu, Oct 9 2014, 4:18 PM
The rally of the last 4 days continued this morning with the Fannie
Mae 3.5 MBS opening up 7 ticks higher than yesterday’s close. The excitement...
Thu, Oct 9 2014, 2:31 PM
Home equity lines of credit or HELOCs
accounted for over 15 percent of all 2014 home loan originations through the
end of August. RealtyTrac, whi...
