Thu, Jun 19 2014, 12:53 PM
Bond markets began the day in stronger territory as the overnight session brought a small amount of post-FOMC follow-through. Realistically, when an ...
Thu, Jun 19 2014, 11:51 AM
As
a rule, it isn't good when economists use words like "sluggish" and "lackluster,"
the very terms that crept into the opening paragraph of Fredd...
Thu, Jun 19 2014, 10:26 AM
"My
friend has a lifesaving tool in her car which is designed to cut
through a seat belt if she gets trapped. She keeps it in the car trunk."
So...
Thu, Jun 19 2014, 7:43 AM
Today's economic data--like many other days in the history of financial markets-- COULD certainly matter. Whether or not it does, depends on where i...
Thu, Jun 19 2014, 5:10 PM
Mortgage rates moved very slightly lower
today depending on the lender. Some lenders had passed along fairly
aggressive improvements with mid-...
Thu, Jun 19 2014, 5:10 PM
Morning trading was a linear and logical continuation of yesterday's rally. That's not to say bond markets were obviously destined to rally yesterday...
Thu, Jun 19 2014, 2:37 PM
A housing industry that remains
focused on originating safe primary mortgages may be overlooking a new purchase
money niche "ready for the tapping...
Wed, Jun 18 2014, 12:29 PM
Information
from the California Association of Realtors (C.A.R.) on Tuesday echoing the
trend if not the absolute numbers of data released last we...
Wed, Jun 18 2014, 12:16 PM
SunTrust Mortgage, has agreed to pay a total of nearly $1 billion to settle
various complaints alleging abuses in mortgage origination, servicing, ...
Wed, Jun 18 2014, 11:57 AM
The morning has been exceedingly quiet so far, with no volatility to speak of. MBS and Treasuries were both approaching the weakest edge of their r...
Wed, Jun 18 2014, 11:36 AM
Merlin
Pearson writes, "Statistics are like a lamp post to a drunk. They are
used far more for support than they are for illumination." A survey b...
Wed, Jun 18 2014, 9:00 AM
There was a significant drop in mortgage applications, especially for
refinancing, during the week ended June 13 the Mortgage Bankers Association
...
Wed, Jun 18 2014, 7:48 AM
Every other Fed meeting, we get the full meal deal of FOMC related events, which include the economic projections and the Fed Chair press conference i...
Wed, Jun 18 2014, 5:23 PM
Yesterday's CPI data gave bond markets cold feet heading into today's FOMC Announcement. As we discussed, the selling pressure yesterday wasn't the t...
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, ...
