Wed, Jun 18 2014, 4:46 PM
Mortgage rates moved modestly lower
by the end of the day, but didn't break any new ground on the week.
The afternoon brought the week's main ...
Wed, Jun 18 2014, 2:05 PM
nformation received since the Federal Open Market Committee met in April
indicates that growth in economic activity has rebounded in recent
months...
Tue, Jun 17 2014, 12:19 PM
The overnight session was uneventful for Treasuries, leading to almost perfectly unchanged opening levels in MBS. Bond markets began moving quickly w...
Tue, Jun 17 2014, 11:19 AM
Building permits were issued in May at a
rate that was 6.4 percent lower than that of April and housing starts also fell. Housing completions were u...
Tue, Jun 17 2014, 11:00 AM
Economists
call it "wage source". In a nutshell, it's how you obtain your cash.
Many work in order to fill their bank accounts; however, in the co...
Tue, Jun 17 2014, 7:42 AM
You have to have an industrial strength juicer and be willing to drink from thimbles if you hope to squeeze any interesting conclusions out of finan...
Tue, Jun 17 2014, 5:12 PM
The Department of Housing and Urban
Developments Office of Inspector General (HUD-OIG) has submitted its semi-annual
report of its activities to Con...
Tue, Jun 17 2014, 5:08 PM
Bond markets lost every bit as much ground as they could lose today without actually violating the recent range. In terms of 10yr yields, that's 2....
Tue, Jun 17 2014, 3:43 PM
Mortgage rates erased yesterday's improvement, ending
up back at levels consistent with the middle of last week.
Stronger-than-expected inflat...
Mon, Jun 16 2014, 11:49 AM
Relative to Friday's trading ranges, MBS are outperforming Treasuries. Fannie 3.5s are at their highest levels since Tuesday while Treasuries have ...
Mon, Jun 16 2014, 10:36 AM
The National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index narrowed the gap with positive territory this month
with a jump o...
Mon, Jun 16 2014, 9:50 AM
Do mortgage lenders and real estate
agents need to form a "truth squad" to combat misconceptions about
homeownership? Freddie Mac's vice presiden...
Mon, Jun 16 2014, 9:45 AM
According to the U.S. Census Bureau, who
tracks population movements (and probably phone conversations too..."who
said that?"), there are a few co...
Mon, Jun 16 2014, 7:46 AM
The week ahead is busier than last week on most fronts. In terms of economic data, each of the first four days has at least one moderately important ...
Mon, Jun 16 2014, 3:53 PM
Last Thursday's gains marked the beginning of the end for the trend toward higher rates from late May. Friday maintained enough of those gains to con...
Mon, Jun 16 2014, 3:09 PM
Mortgage rates improved again today despite stronger-than-expected economic data. When economic reports are better than forecast, rates tend to move ...
Mon, Jun 16 2014, 2:24 PM
The House Financial Services Committee
(FSC) Oversight and Investigations Subcommittee appears to be picking up the
pace in its investigation of all...
Fri, Jun 13 2014, 12:42 PM
Sales of new and existing homes in the
previously superheated California market slid again in May. Sales totaled 37,734 houses and condos
statewi...
Fri, Jun 13 2014, 12:40 PM
Bond markets gave back a small chunk of yesterday's rally heading into the overnight session on comments from the Bank of England regarding an acceler...
Fri, Jun 13 2014, 11:25 AM
New homes sales posted a loss in May, erasing the 5 percent gain made in
April. The Mortgage Bankers Association
(MBA) estimated that new single-fa...
Fri, Jun 13 2014, 11:10 AM
We're racing toward the Summer Solstice, with the most daylight in the Northern Hemisphere, but Happy Friday the 13 th
AND a full moon! This combin...
Fri, Jun 13 2014, 7:42 AM
Despite a lack of events on the calendar, today's session could still be informative due to yesterday's technical developments. ( What's a "technica...
Fri, Jun 13 2014, 3:22 PM
Heading into the last few hours of the day, MBS are only off 1 tick from yesterday's latest levels, but unlikely to make it back to yesterday's highs....
Fri, Jun 13 2014, 3:10 PM
A whole generation of young Americans seem to have
adopted a set of priorities quite different from those of their elders. Millennials or Generati...
Fri, Jun 13 2014, 2:33 PM
Mortgage rates staged a modest comeback
this afternoon after starting the day in line with the highest levels
of the week. As underlying marke...
Thu, Jun 12 2014, 12:11 PM
Retail Sales and Jobless Claims both came in weaker than expected this morning and bond markets improved. That set of cause and effect could have tak...
Thu, Jun 12 2014, 10:57 AM
Lenders, settlement agents, and others who are
affected by the new TILA-RESPA Integrated Disclosures Rule may wish to note the
first in a series of...
Thu, Jun 12 2014, 10:28 AM
$650,000 is a lot of money for many companies. That was the amount of the latest fine levied by the FTC on a Pennsylvania home builder. Yep, one d...
Thu, Jun 12 2014, 7:45 AM
So bond markets were supposed to suffer heading into to 2014, and most everyone was wrong. Once everyone got on the same page about being wrong, then...
Thu, Jun 12 2014, 4:25 PM
Weaker data, slumping stocks, Iraq, and an awesome 30yr Bond Auction all helped Treasuries and MBS by varying degrees today. The morning data's job w...
Thu, Jun 12 2014, 3:43 PM
Mortgage rates made a stronger mover lower
today, following a well-received 30yr Treasury auction. Treasury
yields don't directly dictate mort...
Thu, Jun 12 2014, 2:00 PM
The Mortgage Bankers Association is
reporting a net per-loan loss was suffered by those independent mortgage banks and mortgage subsidiaries of
ch...
Wed, Jun 11 2014, 11:44 AM
During yet another morning without significant events on the calendar, bond markets have finally found cause to end their 3-day losing streak . To b...
Wed, Jun 11 2014, 10:35 AM
Appraisers run across all types of buildings. But how about this set of buildings , constructed to look like exactly what goes on inside the buildi...
Wed, Jun 11 2014, 9:58 AM
Mortgage
applications surged by 10.3 percent during the week ended June 6. The Mortgage Bankers Association (MBA) said
its Market Composite Index...
Wed, Jun 11 2014, 7:27 AM
The headline is pretty ominous, but not for any particular reason. It's merely an observation of where we've been over the past few weeks, namely, ...
Wed, Jun 11 2014, 4:55 PM
Despite bond markets undergoing many more vacillations between "positive" and "negative" territory today, trading levels are still heading out the doo...
Wed, Jun 11 2014, 4:24 PM
Mortgage rates took the day off from
their fairly pervasive move higher. Day-over-day rates have been the
same or higher for 8 out of the last...
Wed, Jun 11 2014, 3:38 PM
The first quarter 2014 report of the National
Mortgage Licensing System (NMLS) released today states there were 15,246
entities that held a total of...
Tue, Jun 10 2014, 10:21 AM
"Action
will be taken to prevent the next disaster as soon as possible after it
has occurred." In an unrelated topic, although in the same paragra...
Tue, Jun 10 2014, 7:42 AM
Yesterday was a complete non-starter except inasmuch as it started to go sideways shortly after the open and never looked back. Traders were trading,...
Tue, Jun 10 2014, 5:03 PM
Perhaps even before you read this, MBS prices will be another 8-12 ticks lower due to the Roll (monthly settlement, beginning with Fannie/Freddie 30yr...
Tue, Jun 10 2014, 4:15 PM
Mortgage rates continued higher today
adding to a losing streak that has only seen one day of improvement in
the last 9. Rate sheets now most ...
Tue, Jun 10 2014, 1:32 PM
Foreclosure activity dipped
significantly in May RealtyTrac reported on Tuesday with a decrease of 5
percent in foreclosure filings compared to th...
Tue, Jun 10 2014, 1:12 PM
A bill modifying the definition of
points and fees under the Truth in Lending Act passed the House of
Representatives yesterday on a voice vote.
...
Tue, Jun 10 2014, 1:03 PM
Treasuries were under pressure right from the start today, having begun their move weaker when European trading came online around 3am. 10's managed ...
Mon, Jun 9 2014, 12:28 PM
No
matter how the results of Fannie Mae's National Housing Survey for May are
interpreted, it is hard to see them as good short terms news for the...
Mon, Jun 9 2014, 12:03 PM
There are three kinds of uneventful trading days: inconsequentially stronger, inconsequentially weaker, and unchanged. Bond markets stood a good chan...
Mon, Jun 9 2014, 10:48 AM
In November 2012 then Federal Reserve
Board Chairman Ben Bernanke told an audience attending a HOPE Now event in
Atlanta that there were two types o...
Mon, Jun 9 2014, 10:26 AM
I
don't know where this topic falls, somewhere between "That's mildly
interesting", and, "So what?" Although I bike a lot, I might fall into
the...
