Thu, Jul 17 2014, 10:37 AM
Non-QM loans, investor interest in those higher
yielding pools, potential disparate impact as a result of QM rules,
eMortgages (or the lack thereo...
Thu, Jul 17 2014, 7:41 AM
In a sense, bond markets came into the week as an underdog . They'd rallied the entire previous week to the lowest levels in over a month. And by F...
Thu, Jul 17 2014, 5:17 PM
Mortgage rates moved more decisively lower
today, though not for any stable or happy reasons. Such is often the
case with interest rates. As ...
Thu, Jul 17 2014, 5:04 PM
Today offered a triple or possibly quadruple-whammy for bond markets, almost exclusively in the form of overseas events. The weakest among these was ...
Wed, Jul 16 2014, 12:12 PM
Ah round 2! After a relatively civil and infinitely more relevant chat with the Senate Banking Committee, Fed Chair Yellen is now enduring what can o...
Wed, Jul 16 2014, 11:41 AM
JP Morgan Chase appears to be questioning
the wisdom of remaining an FHA lender. The company's Chairman and CEO, Jamie Dimon, made
critical comme...
Wed, Jul 16 2014, 11:38 AM
Homebuilder confidence in the market for
new homes crossed into positive territory in July, the first time the measure
has been above the crucial 50...
Wed, Jul 16 2014, 10:52 AM
Brokers, and lenders who cater to those brokers in terms of wholesale or mini-correspondent relationships , are still ruminating on the impact of las...
Wed, Jul 16 2014, 8:48 AM
The Mortgage Bankers Association's (MBA) Market Composite Index notched
another decline during the week ended July 11, the fifth straight down we...
Wed, Jul 16 2014, 7:42 AM
When it comes to the Fed Chair's semi-annual congressional testimonies, the first of the two (in this case, yesterday's Senate Banking Committee) tend...
Wed, Jul 16 2014, 4:42 PM
As the last few trades of the day trickle in, MBS are set to close almost perfectly in line with yesterday's closing levels. Even before that, ther...
Wed, Jul 16 2014, 3:16 PM
Mortgage rates were just barely higher
today on average. The movement was so small that several lenders were
actually unchanged or slightly be...
Tue, Jul 15 2014, 12:36 PM
As expected, today's congressional testimony from Fed Chair Yellen was, by far, the biggest market mover in the room. The volume and movement at 10...
Tue, Jul 15 2014, 10:18 AM
Some
of the big topics here at the CMBA Western Secondary conference are
margins, compensation, and compliance. Reports show that bank tellers ea...
Tue, Jul 15 2014, 7:54 AM
In stark contrast to Monday's empty calendar, Tuesday brings both important economic data and Yellen's first round of congressional testimony. Of t...
Tue, Jul 15 2014, 4:52 PM
The rule of thumb for household budgeting is that no more than 30
percent of income should go toward housing; more constitutes a
cost-burdened hou...
Tue, Jul 15 2014, 4:43 PM
As far as today's market movers are concerned, Retail Sales was dwarfed by Yellen, but most of the reaction to Yellen cancelled itself out. In othe...
Tue, Jul 15 2014, 3:26 PM
Mortgage rates moved slightly higher again today .
Fed Chair Janet Yellen provided her semi-annual testimony to the Senate
Banking Committee th...
Mon, Jul 14 2014, 12:15 PM
While the magnitude
isn't clear, that the growth of renter households has risen far above average
in recent years is. The Housing Vacancy Survey r...
Mon, Jul 14 2014, 11:51 AM
Asian, European, and domestic markets have all agreed: it's a quiet trading day . The light volumes make for a situation where it doesn't take much ...
Mon, Jul 14 2014, 10:28 AM
Sometimes it is hard to tell if things are legit or not, especially
when it comes to legislation. In 2014 Congress has reminded us of how it
is ne...
Mon, Jul 14 2014, 7:31 AM
Last week was a dud in terms of scheduled events. This week isn't the polar opposite, but it's much more active. Monday and Friday are the only days...
Mon, Jul 14 2014, 4:19 PM
Mortgage rates rose modestly today ,
ending last week's streak of 5 days without an increase. The movement
wasn't enough to unseat 4.125% as th...
Mon, Jul 14 2014, 4:19 PM
Bond markets simply *were* weaker today. Certainly, there was no overt reason for this, and the less obvious reasons are open to debate. Even if w...
Fri, Jul 11 2014, 12:41 PM
Growing equity and a
rebound in sales of new and existing homes were the highlight of the June edition
of the Obama Administration's Housing Scoreca...
Fri, Jul 11 2014, 12:16 PM
The Federal Housing Finance Agency (FHFA) has released new draft
requirements for private insurance companies that insure mortgages purchased by
the...
Fri, Jul 11 2014, 12:04 PM
Bond markets have been stronger today, and have carved out a linear trend of improvements from morning price levels. Interestingly enough, this stren...
Fri, Jul 11 2014, 11:33 AM
The Senate voted overwhelmingly to confirm Julian Castro as the new secretary of Housing and Urban Development
on Wednesday, elevating Mr. Castro ...
Fri, Jul 11 2014, 7:42 AM
There are no significant economic reports on the calendar today, and the week's auction cycle is already wrapped up. While there are two Fed speakers...
Fri, Jul 11 2014, 5:30 PM
Treasuries and MBS walked a cautious path to the exits today, staying perfectly inside the middle of yesterday's trading range. The overnight sessi...
Fri, Jul 11 2014, 3:35 PM
Mortgage rates moved just barely lower today,
bringing them in lines with the lowest levels of the month. In this
case, when we talk about "th...
Fri, Jul 11 2014, 1:16 PM
MND's fourth
part of its summary of the Harvard Joint Center on Housing Studies' State of the Nation's Housing published
yesterday looked at the...
Thu, Jul 10 2014, 12:27 PM
Core European debt markets set the tone for the overnight session. That means German Bunds big rally helped US Treasury yields move lower overnight...
Thu, Jul 10 2014, 11:23 AM
Applications for new home purchase
mortgages declined in June for the second month in a row the Mortgage Bankers
Association (MBA) said today. ...
Thu, Jul 10 2014, 11:21 AM
Will a new HARP ride in and save the refinance business?
Probably not, as borrowers seem kind of "tapped out" on the program,
but the public rel...
Thu, Jul 10 2014, 7:39 AM
Let's do the same thing we did yesterday and get the daily analysis out of the way in one paragraph so I can wrap up the "NFP Reflections." Yesterday...
Thu, Jul 10 2014, 4:37 PM
Mortgage rates continued lower today ,
helped along this time by European markets. Although mortgage rates
are most directly influenced by pric...
Thu, Jul 10 2014, 4:30 PM
Eurozone contagion made an appearance today in much the same way it did for nearly all of 2010-2012. This time around, it's Portugal's Banco Espiri...
Thu, Jul 10 2014, 3:58 PM
Part 4 of the
recent edition of the Harvard Joint Center on Housing Studies' report on the State of the Nation's Housing looks at
the declining r...
Wed, Jul 9 2014, 12:09 PM
While MBS have made up some ground compared to Treasuries over the past few hours, they're generally underperforming this week. Fannie 3.5s are down ...
Wed, Jul 9 2014, 11:32 AM
Banks
have plenty to think about and drink about: "Write-downs", "cutbacks",
"plummeting profits"...you'd think we were talking about a bank here ...
Wed, Jul 9 2014, 10:26 AM
The
Mortgage Bankers Association reported this morning that its Market Composite
Index, which measures the volume of mortgage applications, increas...
Wed, Jul 9 2014, 7:55 AM
We'll get the normal "day ahead' stuff out of the way in a paragraph today because I spent most of my writing time on something I otherwise wasn't goi...
Wed, Jul 9 2014, 5:38 PM
Mortgage rates improved again today ,
but it wasn't exactly a straight line to success. In fact, the
underlying bond markets that directly imp...
Wed, Jul 9 2014, 5:16 PM
While the overnight session was slightly weaker and the 10yr auction made things that much worse, the day's main event was undoubtedly the FOMC Minute...
Wed, Jul 9 2014, 1:12 PM
A recent survey by Redfin, the
Seattle-based real estate company, found some substantial disconnects among
buyers, sellers, and market reality.
...
Tue, Jul 8 2014, 11:54 AM
With today continuing yesterday's tradition of offering very little by way of scheduled events, bond markets must look elsewhere for cues. Actually, ...
Tue, Jul 8 2014, 10:51 AM
Even as various
indicators of foreclosure activity continue to tumble from their year ago
levels, they still tend to bounce up and down from month t...
Tue, Jul 8 2014, 10:37 AM
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
...
Tue, Jul 8 2014, 10:23 AM
What
has the CFPB been up to lately? For starters, remember that the
Consumer Financial Protection Bureau's funding comes not from Congress
but ...
