Mon, Apr 28 2014, 10:37 AM
Contracts for home purchases ended a dismal
nine-month downturn in March marked by the first improvement in the Pending
Home Sales Index (PSHSI) p...
Mon, Apr 28 2014, 10:04 AM
Another
trend that is winding down in the banking industry is the long period
of Fed Funds at or near 0%. Whether this happens in 2015 or 2016, ke...
Mon, Apr 28 2014, 7:39 AM
If calendar events like economic reports and monetary policy announcements end up being the impetus for bond markets to break out of their 3-Month sid...
Mon, Apr 28 2014, 3:23 PM
Bond markets were just slightly weaker overnight, with no major volatility or trading themes emerging. MBS walked in the door a bit weaker as a resul...
Mon, Apr 28 2014, 2:45 PM
Mortgage rates
held almost perfectly steady today, with a handful of lenders offering
slightly lower costs while others were slightly higher. ...
Fri, Apr 25 2014, 12:59 PM
While the Gallup survey released on
Thursday shows that Americans are regaining their faith in home ownership, at
least as a worthwhile investme...
Fri, Apr 25 2014, 10:41 AM
David Crowe, Chief Economist of the National
Association of Home Builders (NAHB) told members attending the Association's
2014 Spring Construction...
Fri, Apr 25 2014, 10:23 AM
Bank of America might have to pony up yet another $13 billion to settle
more residential mortgage-backed security claims? No wonder the lending...
Fri, Apr 25 2014, 8:00 AM
Bond markets are "done" with this week. 10yr yields haven't spent more than one day without being on both sides of the fence at 2.70 this week, which...
Fri, Apr 25 2014, 3:37 PM
MBS saw their first trades of the day come in just a hair over yesterday's latest levels, which were also the best of the day. They never looked back...
Fri, Apr 25 2014, 2:44 PM
Mortgage rates
moved lower today, reaching their best levels of the week. Slumping
stocks and geopolitical concerns contributed to positivity ...
Thu, Apr 24 2014, 12:28 PM
A new Gallup survey seems to indicate that Americans
are falling in love with real estate again .
The poll, conducted among over a thousand respon...
Thu, Apr 24 2014, 12:01 PM
Bond markets have had a volatile morning so far. Treasuries were slightly weaker overnight, resulting in lower opening levels in MBS. Both were weak...
Thu, Apr 24 2014, 10:54 AM
Sales of residential properties were
marginally higher in March than in February and the median price of both
distressed and non-distressed proper...
Thu, Apr 24 2014, 10:20 AM
The mortgage
closing table is the site of considerable pain and confusion for homebuyers, Richard
Cordray, Director of the Consumer Financial Prot...
Thu, Apr 24 2014, 10:18 AM
It
is "bring your kid to work" day. Some kids are fascinated with how much
others make. They grow up to be underwriters . Others are fascinated
...
Thu, Apr 24 2014, 8:00 AM
Bond markets continue to be relentlessly sideways. Just when Treasury yields were staging for their best chance at breaking out of a 3-month range-bi...
Thu, Apr 24 2014, 3:54 PM
For the second straight day, MBS are coasting toward the close having held a narrow 4/32nds range for most of the day, having seen little, if any thre...
Thu, Apr 24 2014, 3:06 PM
Mortgage rates
held were mostly sideways today. In cases where rate sheets differed
from yesterday, the tendency was toward just slightly high...
Wed, Apr 23 2014, 12:15 PM
New homes sales in March were down 14.5
percent from sales in February to a seasonally adjusted annual rate of 384,000.
The New Residential Sale...
Wed, Apr 23 2014, 12:07 PM
Even before this morning's economic data, bond markets were already in slightly stronger territory. The data itself only helped, though it's a doubl...
Wed, Apr 23 2014, 10:28 AM
The number of banks available to consumers is decreasing - but it
is not because of failures. In fact, there has not been a bank failure
in the ...
Wed, Apr 23 2014, 9:24 AM
The Mortgage Bankers Association (MBA) said
the average size of a purchase mortgage loan reported by respondents to its most
recent Weekly Mortgag...
Wed, Apr 23 2014, 7:00 AM
The first two days back from the extended weekend have been surprisingly uneventful, and that's saying something considering they were already likely ...
Wed, Apr 23 2014, 4:21 PM
It was a refreshingly strong day for MBS and Treasuries. While the gains weren't immense by any standard, they were mostly present from the start o...
Wed, Apr 23 2014, 3:14 PM
Mortgage rates
moved lower at a healthy pace today, more than erasing the past two
days of weakness, but leaving most of last Thursday's weakne...
Wed, Apr 23 2014, 1:26 PM
California appears to be gearing up for
a strong spring market according to pending home sales figures released today
by the California Association ...
Wed, Apr 23 2014, 1:14 PM
The February edition of the new
Multi-Indicator Market Index (MiMi) introduced by Freddie Mac last month indicates
that the U.S. housing market ov...
Tue, Apr 22 2014, 12:07 PM
Stocks and bonds have been in relative lock-step for much of 2014 (stock prices and bond yields moving in same direction, aka 'stock lever'). The cor...
Tue, Apr 22 2014, 11:31 AM
Sales of existing homes were
essentially unchanged in March compared to February the National Association of
Realtors® (NAR) said today. Home price...
Tue, Apr 22 2014, 10:30 AM
Black Knight Financial Services said
today that the mortgage delinquency rate in March was the lowest in the U.S.
since October 2007 and the forec...
Tue, Apr 22 2014, 10:17 AM
Here's a good question: can
a lender who emails disclosures to loan applicants via an e-delivery
system, still remain compliant under RESPA and TI...
Tue, Apr 22 2014, 8:00 AM
Global financial markets were unequivocally still out on holiday breaks yesterday--unofficially in the US and officially in Europe. There were no m...
Tue, Apr 22 2014, 4:06 PM
The overarching caveat for any assessment of today's market activity is that the whole thing occurred in a relatively tight range. Sustained highs an...
Tue, Apr 22 2014, 2:47 PM
Mortgage rates
drifted higher for the second straight day despite a relatively flat
day for underlying bond markets. Rates pushed into their 2...
Tue, Apr 22 2014, 1:57 PM
Recent postings on CoreLogic's Insights Blog have a couple of
different views of some of the housing numbers generally taken at face value by
...
Mon, Apr 21 2014, 12:09 PM
If bond market activity is any indication, today might as well be another day of the extended holiday weekend. In fact, this is officially the case...
Mon, Apr 21 2014, 9:36 AM
Home remodeling remains strong
throughout the country although it has begun to experience some of the
moderation that has been predicted since lat...
Mon, Apr 21 2014, 9:32 AM
The commentary on Saturday noted predictions for 2014, and how things were shaping up so far. Attorney Phil Stein observed, "Here is another issue to ...
Mon, Apr 21 2014, 7:51 AM
Just a few short days after the ostensible deescalation in Ukraine following Thursday's Geneva talks, violence broke out over the weekend with a shoo...
Mon, Apr 21 2014, 3:57 PM
The trading day was an insult to anyone attempting to pay any attention today. Considering it was the slowest day of the year (including early clos...
Mon, Apr 21 2014, 3:13 PM
Mortgage rates were just slightly higher
today, extending a more forceful move higher last Thursday. Whereas
markets reacted to deescalating...
Fri, Apr 18 2014, 9:52 AM
Tommy
LaSorda supposedly said, "I found out that it's not good to talk about
my troubles: 80% of the people who hear them don't care and the other...
Thu, Apr 17 2014, 11:34 AM
Given the recent adherence to a sideways range in bond markets combined with today's economic data coming in stronger than expected, it's not surprisi...
Thu, Apr 17 2014, 10:38 AM
Homes with serious negative equity
numbers have now declined to the lowest point in at least two years RealtyTrac
said today. The company, which ...
Thu, Apr 17 2014, 9:53 AM
Ellie Mae's Origination Insight Report said today that 40 percent of mortgage
loans closed in March were originated for refinancing and 60 percen...
Thu, Apr 17 2014, 9:50 AM
Home affordability is not a modern problem. In Zillow's In Search of Affordability , Krishna Rao writes, "Across
the United States, strong home p...
Thu, Apr 17 2014, 7:51 AM
At the beginning of the week, we discussed the shared fate between stocks and bonds, noting that they'd been exceptionally well-connected of late and ...
Thu, Apr 17 2014, 3:02 PM
Bond markets had a bad day. The setup for this one started as early as Tuesday, when what looked like a shift toward weakness on Monday was instead ...
Thu, Apr 17 2014, 2:38 PM
Mortgage rates moved sharply higher today
on a combination of factors including strong economic data,
developments in Ukraine, and prevailing...
