Mon, Jul 21 2014, 7:33 AM
In many ways, the current week will serve as a prelude to the following week, which is exceptionally packed with big-ticket events . From Wednesday ...
Mon, Jul 21 2014, 5:36 PM
If you haven't heard already (say, like 7 or 8 times from us--both before and after the fact), today's calendar was fairly light for bond markets. ...
Mon, Jul 21 2014, 4:18 PM
Mortgage rates moved just barely lower
in most cases today, though some lenders were unchanged or slightly
higher. It was a slow start to the ...
Mon, Jul 21 2014, 2:24 PM
Two Bank of America Merrill Lynch (BAML) analysts are defending
what they call their big high conviction views for what should happen in the
housing...
Fri, Jul 18 2014, 12:13 PM
Sometimes the 2nd day of a big geopolitical move will spiral into a volatile blaze of glory. Other times, it's like today.
Bond markets are calmly...
Fri, Jul 18 2014, 11:06 AM
The
Federal Housing Finance Agency's Office of Inspector General (FHFA OIG) has
released an evaluation of Fannie Mae's and Freddie Mac's (the GSEs) ...
Fri, Jul 18 2014, 10:14 AM
Do
you have a plan in case you go bankrupt? The "big boys" do! The
Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank
...
Fri, Jul 18 2014, 7:31 AM
Although economic data had some small role to play in yesterday's strong bond market rally, the day was really all about geopolitical risk. If we've ...
Fri, Jul 18 2014, 4:02 PM
The amount of geopolitical turmoil in the world today is not materially better than yesterday, but without new surprises to fuel safe-haven demand, bo...
Fri, Jul 18 2014, 3:11 PM
Mortgage rates managed to hold their ground
today. Some lenders were even in slightly better shape, though there
was no change on average. Th...
Fri, Jul 18 2014, 2:40 PM
While he has written about some of the elements in
the past, Mark Fleming neatly summed up the current state of housing's supply
and demand constra...
Thu, Jul 17 2014, 11:33 AM
Despite a much stronger-than-expected Philly Fed report, bond markets didn't lose much ground after 10am. Earlier in the morning, weaker Housing Star...
Thu, Jul 17 2014, 10:57 AM
It has been a long eight years, but
foreclosure activity appears to have returned to levels last seen before the
housing downturn was born in 2006. ...
Thu, Jul 17 2014, 10:48 AM
All three residential construction indicators fell
in June according to the U.S. Census Bureau and the Department of Housing and
Urban Development. ...
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...
