Fri, Aug 8 2014, 5:04 PM
Remember the Polish Foreign Minister's warning about Russian troops amassing at the Ukrainian border? No? Can't blame you there, but what about the ...
Fri, Aug 8 2014, 3:28 PM
headlines about potential US air strikes in Iraq sent Treasury
yields plummeting. When MBS started trading this morning, they were
only moderatel...
Fri, Aug 8 2014, 3:08 PM
The gap between Americans who think it
is a good time to buy a house and those who feel it is a good time to sell
narrowed by six percentage points ...
Thu, Aug 7 2014, 12:51 PM
Freddie Mac and Fannie Mae each reported
out another successful financial quarter today as each continued to reduce their
respective distressed lo...
Thu, Aug 7 2014, 12:17 PM
When we reference "European bond markets," we're talking about the undisputed benchmark for the Eurozone: German Bunds. It's important to keep in min...
Thu, Aug 7 2014, 11:18 AM
Ah
yes, it's almost that time of year again when the first "Back to School
Sale" signs start going up; children everywhere get that 'time is
run...
Thu, Aug 7 2014, 7:31 AM
First of all, there are far worse kinds of stagnation in bond markets. The current variety--while appallingly range-bound--is at least stagnant near ...
Thu, Aug 7 2014, 4:39 PM
17 to 9. That's the current score between Treasuries and MBS in terms of day-over-day price gains. Or look at it this way. 10yr yields just had the...
Thu, Aug 7 2014, 4:11 PM
The delinquency rate for one-to-four
unit residential mortgages decreased for the fifth consecutive time in the
second quarter of 2014. The resul...
Thu, Aug 7 2014, 3:50 PM
Mortgage rates moved moderately lower today as bond markets benefited from overseas risks. These risks take several forms at the moment, ranging f...
Thu, Aug 7 2014, 2:42 PM
Sure, the stronger employment numbers of late and the well-developed home price recovery haven't translated to any meaningful improvements in building...
Wed, Aug 6 2014, 12:02 PM
Driven almost exclusively by European bond market strength (and stock market weakness), Treasuries and MBS began the day in much better territory . ...
Wed, Aug 6 2014, 11:43 AM
It's no secret that big banks view cheap jumbo mortgages as 'loss leaders' to bring
in new banking and wealth management business. Given Wells Fa...
Wed, Aug 6 2014, 11:33 AM
The second in a series of live webinars
to help lenders prepare for the implementation of new disclosure has been scheduled
for August 26. The webi...
Wed, Aug 6 2014, 10:56 AM
HUD recently took took action against
a California lender for "denying or delaying mortgage loans to women
because they were on maternity leav...
Wed, Aug 6 2014, 9:43 AM
An increase in refinancing drove mortgage applications slightly higher
during the week ended August 1, 2014, even as the number of purchase
applica...
Wed, Aug 6 2014, 7:33 AM
Today's economic/event calendar is limited to the recently unimportant and uninspiring trade gap data, so let's talk about the stock lever and long te...
Wed, Aug 6 2014, 5:06 PM
Treasuries and--by default--MBS are still more than willing to take cues from European bond markets. This is especially true in the overnight session...
Wed, Aug 6 2014, 4:06 PM
Mortgage rates edged microscopically lower today, though some lenders were unchanged from Tuesday's latest levels.
this morning. Bond markets (...
Tue, Aug 5 2014, 11:37 AM
The beginning of the overnight session was uneventful, with relatively little movement until European markets came online. From there, bond markets...
Tue, Aug 5 2014, 11:21 AM
The expected surge in the number of
homes for sale has not yet materialized and the resulting tight supply is among
the factors leading to higher pr...
Tue, Aug 5 2014, 10:59 AM
The homeownership rate in
the US fell again last quarter, to 64.7%, the lowest rate in almost 20
years . Separately, the rental vacancy rate fe...
Tue, Aug 5 2014, 9:40 AM
The Mortgage Bankers Association credited an increase in the
number of jumbo adjustable rate mortgage (ARM) programs in July for a slight
increase...
Tue, Aug 5 2014, 7:31 AM
At the risk of confusing "first chances" with "good chances," there's at least some chance that today will succeed where yesterday failed. As we di...
Tue, Aug 5 2014, 4:23 PM
It was a tale of two headlines today; one of the scheduled; the other, a surprise. The schedule economic data at 10am showed ISM's Non-Manufacturing ...
Tue, Aug 5 2014, 3:18 PM
Mortgage rates were just slightly higher
this morning. Bond markets (which set the tone for mortgage pricing)
lost some ground overnight and r...
Mon, Aug 4 2014, 12:28 PM
As it indicated in its "first look" at
June mortgage performance data released last month, Black Knight Financial
Services said today that the natio...
Mon, Aug 4 2014, 11:36 AM
Both MBS and Treasuries are trading in just slightly better territory than Friday's best levels. That's really about all there is to say about today....
Mon, Aug 4 2014, 10:44 AM
Are you an appraiser ? Maybe you should be honored: there are fewer and fewer of you every year, and your ranks are down to 80,500 nationwide . Ther...
Mon, Aug 4 2014, 7:33 AM
Bond markets did their best last week. After hitting the year's best levels in late May, nothing else has really happened, or even stood the chance t...
Mon, Aug 4 2014, 4:53 PM
For a day that sits adjacent to NFP Friday, today was calm and uneventful. Bond markets started out right in line with Friday's latest levels and i...
Mon, Aug 4 2014, 4:11 PM
Mortgage rates held their ground over
the weekend, with most lenders offering the exact same rates and costs
as Friday afternoon. There were n...
Mon, Aug 4 2014, 4:03 PM
The Federal Reserve's July Senior Loan Officer
Opinion Survey on Bank Lending Practices showed a continued easing of lending
standards and terms f...
Fri, Aug 1 2014, 12:31 PM
Construction spending in June fell slightly below
that in May the Census Bureau said today.
Overall construction put in place during the month wa...
Fri, Aug 1 2014, 12:21 PM
MBS and Treasuries started the day in slightly weaker territory after a fairly uneventful overnight session. On NFP day, all eyes are on 8:30am anywa...
Fri, Aug 1 2014, 11:28 AM
People
need to use their heads once in a while. Circulating in the e-mail
world is a claim: "This is the only time in your life you will see this ...
Fri, Aug 1 2014, 7:31 AM
First off, anything can happen on NFP days, so feel free to skip the rest of this and buckle up for the ride if you're reading this before 8:30am ET...
Fri, Aug 1 2014, 4:23 PM
Fannie 3.5 MBS are heading out the door nearly half a point better at 102-09. 10yr yields are down 6bps at 2.498. While they didn't quite make it ...
Fri, Aug 1 2014, 3:20 PM
Mortgage rates were able to recover
some of the ground lost this week after the important Employment
Situation Report showed slightly less jo...
Fri, Aug 1 2014, 2:48 PM
Since
the start of the housing crisis the experts have noted the tendency
young adults to continue to live in their childhood homes . This they
s...
Thu, Jul 31 2014, 12:34 PM
The stakes are high for the rest of this week as far as bond markets are concerned. The anxiety is obvious. Is this the turning point where we bou...
Thu, Jul 31 2014, 12:10 PM
The Office of the Comptroller of the Currency tells us that 13 out of every 14 mortgages (93.1%) in the United States were "current and performing"
...
Thu, Jul 31 2014, 7:39 AM
With GDP living up to it's surprising potential, things have quickly gotten more serious for domestic bond markets. Before yesterday, econo-bears c...
Thu, Jul 31 2014, 5:05 PM
It's not often you'll see the S&P down over 30 points with less than 1bp of day-over-day movement in 10yr yields, but that's where we're heading out t...
Thu, Jul 31 2014, 4:09 PM
Mortgage rates
started the day in fairly rough shape with most lenders offering
noticeably higher rates vs yesterday. As stock markets slid in...
Thu, Jul 31 2014, 3:38 PM
Freddie Mac has officially declared that
the refinancing boom is over. The company's
Refinance Report for the second quarter of 2014 said that the ...
Thu, Jul 31 2014, 1:04 PM
While completed foreclosures increased
slightly from May to June, the foreclosure inventory, a count of homes in the
process of foreclosure, continu...
Wed, Jul 30 2014, 12:46 PM
Bond markets began the day on relatively level ground vs yesterday. It was, and has been up to GDP to cast the first major vote on whether or not b...
Wed, Jul 30 2014, 10:18 AM
There
are plenty of ways to divvy up people (those who like soggy cereal,
those that don't, those that can form their tongue into an "o", and
th...
Wed, Jul 30 2014, 9:16 AM
It
was a mixed and largely directionless week for mortgage applications as the
volume of applications for home purchases inched up fractionally wh...
