Wed, Apr 30 2014, 3:27 PM
Mortgage rates fell at a solid pace
today following a reading on 1st Quarter GDP that was much weaker than
expected. Downbeat economic data ...
Wed, Apr 30 2014, 3:10 PM
This will be the first year that financial institutions will be required to
submit to stress tests under the Dodd-Frank Wall Street Reform and
C...
Wed, Apr 30 2014, 1:59 PM
Information received since the Federal Open Market Committee met
in March indicates that growth in economic activity has picked up
recently, after...
Tue, Apr 29 2014, 12:16 PM
The overnight session was nominally weaker for Treasuries, but there was limited activity overall as Japan (the key participant in US Treasuries durin...
Tue, Apr 29 2014, 10:50 AM
Completed foreclosures increased by nearly 6 percent in
March, moving from 45,000 in February to 48,000. CoreLogic said this morning that there we...
Tue, Apr 29 2014, 9:59 AM
Let's face it: lenders who ignore compliance are doomed in the
long run. Here's a recent quick note provided by the Mortgage Bankers
Association...
Tue, Apr 29 2014, 7:48 AM
To be perfectly fair to financial markets, "things could get serious" at any moment really, it's just that the events that are more predisposed to bri...
Tue, Apr 29 2014, 3:34 PM
It was a generally quiet day for bond markets, though that wasn't destined to be the case at the open. Treasuries had weakened slightly overnight and...
Tue, Apr 29 2014, 3:02 PM
The S&P/Case-Shiller 20-City Composite Index rose
slightly in February on a seasonally-adjusted basis, beating analysts' expectations by a hair whi...
Tue, Apr 29 2014, 2:23 PM
Mortgage rates were slightly higher today
as a result of bond market weakness late yesterday and again this
morning. Some of that weakness h...
Mon, Apr 28 2014, 12:20 PM
Home prices nationwide have now
recovered to within 13.5 percent of the peak they reached in June 2006. The national Home Price Index (HPI) provid...
Mon, Apr 28 2014, 11:47 AM
MBS are coping with the double-edged sword that is stronger housing data this morning. On the one hand, the decisive reversal of an 8-month slide in ...
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...
