Tue, Mar 18 2014, 10:27 AM
What
is the MBA applications number going to tell us tomorrow? My bet, given
stories from lock desks around the nation, is that we'll see an
imp...
Tue, Mar 18 2014, 8:00 AM
Day 2 of post-referendum Ukraine may well look a lot like day one. What some feared would become an actual war, instead may simply fade from importan...
Tue, Mar 18 2014, 4:39 PM
Mortgage rates were effectively unchanged
today, putting an end to 2 days spent moving higher as the threat of
violence diminished in Ukraine. ...
Tue, Mar 18 2014, 4:05 PM
After weakness pervaded the past two sessions, bond markets have managed to find their footing before giving back any more of last Thursday's Ukraine-...
Tue, Mar 18 2014, 3:07 PM
Three non-profit homeowner counseling
organizations have sued California Governor Jerry Brown, charging that the
state had diverted 369 million dol...
Mon, Mar 17 2014, 12:26 PM
As
promised last week, the leadership of the Senate Banking Committee has
released draft legislation to revamp the nation's housing finance system. ...
Mon, Mar 17 2014, 12:14 PM
Builder
confidence as measured by the National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index (HMI) remained flat in March, ...
Mon, Mar 17 2014, 12:10 PM
Bond markets had moved into a defensive position on Friday in order to account for geopolitical fallout after Sunday's referendum in Crimea. After th...
Mon, Mar 17 2014, 10:11 AM
Don't
forget to wear a little green today, and this was seen at a local bar:
"Special Today Only! Buy one beer for the price of two, and receive a...
Mon, Mar 17 2014, 8:00 AM
Last week's calendar of events were little match for the headlines coming out regarding the situation in Ukraine. Markets were in full " herd mode ,"...
Mon, Mar 17 2014, 4:30 PM
Mortgage rates moved moderately higher today,
erasing most of the improvement seen since Thursday afternoon. At that
time, global markets incl...
Mon, Mar 17 2014, 4:15 PM
Last week saw a reigniting of geopolitical risk on Thursday after headlines suggested the Crimean referendum as a potential powder keg over the week...
Mon, Mar 17 2014, 3:43 PM
Closed sales of existing single-family homes slipped
again in February, marking the seventh straight month of declining activity. The
California A...
Fri, Mar 14 2014, 12:20 PM
The morning has seen rapid swings between highs and lows for stocks, bonds, MBS, and just about everything else. As expected, the logical impact fr...
Fri, Mar 14 2014, 11:34 AM
Who
doesn't love a good 'Top 10' list? If it wasn't for top ten lists, and
videos of cats dancing, the internet would be reserved for its intended...
Fri, Mar 14 2014, 8:00 AM
There's some inherent moral conflict in being a fan of lower mortgage rates. No sane person wishes for the sort of strife surrounding the Russia/Uk...
Fri, Mar 14 2014, 4:33 PM
Bond markets started the day in fairly decent shape, not much changed following yesterday's substantial Ukraine-inspired improvement. Domestic econom...
Fri, Mar 14 2014, 3:16 PM
Mortgage rates managed
to log another day of improvement today, this time more modest compared
to yesterday's big move. Rate sheets were best ...
Fri, Mar 14 2014, 1:21 PM
Two Federal Reserve economists have developed
a home price index which they claim operates in a more real time environment
than those indices curr...
Thu, Mar 13 2014, 12:51 PM
New home sales were up slightly in
February the Mortgage Bankers Association (MBA) said today, but the increase
was based on a substantially downgr...
Thu, Mar 13 2014, 12:29 PM
Until 11:11am, the day may well have been about the fairly tepid reaction to stronger economic data. Treasuries had traded a super narrow range overn...
Thu, Mar 13 2014, 11:50 AM
After
spiking 8 percent in January, foreclosures filings have resumed their downward
spiral RealtyTrac said today. Its U.S.
Foreclosure Market R...
Thu, Mar 13 2014, 10:04 AM
I
can't figure out if this is a story about the rebounding real estate
market , or about the gap between the "haves and the have-nots" widening -...
Thu, Mar 13 2014, 8:00 AM
Bond markets had a great day on Wednesday and were able to rally both before and after the 10yr Note Auction. The question is: does this reveal som...
Thu, Mar 13 2014, 4:30 PM
Mortgage rates moved significantly lower today after Secretary of State Kerry warned of repercussions for events in Ukraine. Crimea is set to hold...
Thu, Mar 13 2014, 4:26 PM
Very little was happening before 11:11am today. Overnight markets were calm and sideways. Treasuries and MBS began the day in unchanged territory. ...
Wed, Mar 12 2014, 12:58 PM
2013 was a "strong year"
for both commercial and multi-family debt holdings the Mortgage Bankers
Association (MBA) said today and the fourth quarter...
Wed, Mar 12 2014, 11:49 AM
The overnight session was moderately strong for Treasuries, helped along by slumping stocks in Asia and rallying bond markets in Europe. We have seen...
Wed, Mar 12 2014, 10:37 AM
Problems can be created by differences in education,
nationality, or age. For example, the ICBA reports 90% of community
bankers say their averag...
Wed, Mar 12 2014, 8:53 AM
The strong uptick in mortgage applications during the week ended February
28 faded quickly and the Mortgage Bankers Association (MBA) said today th...
Wed, Mar 12 2014, 8:00 AM
Until something new and different happens today to inspire some volatility in bond markets, yesterday continues to be the most interesting event. The...
Wed, Mar 12 2014, 4:25 PM
Today was a good day for both MBS and Treasuries. Not only that, but it was good right from the start (courtesy of a positive overnight session) an...
Wed, Mar 12 2014, 3:36 PM
Mortgage rates moved lower at their best pace of the week today,
undoing the damage from last Friday's Employment Situation report, and
about a ...
Wed, Mar 12 2014, 1:23 PM
In an article that appeared recently
in CoreLogic's blog, Popping the Housing
Bubbly Theory, CoreLogic's Chief Economist Dr. Mark Fleming presents...
Tue, Mar 11 2014, 12:07 PM
The day began with bond markets moving relentlessly sideways, and against the backdrop of Friday's post-NFP move, they still are. In other words, MBS...
Tue, Mar 11 2014, 10:57 AM
Reuters and Bloomberg are reporting that the Chair
and the Ranking Member of the Senate Banking Committee have agreed on the
outline of a plan to w...
Tue, Mar 11 2014, 10:10 AM
Investors slightly expanded their loan offerings
and switched to longer-term products in response to new mortgage regulations
the Mortgage Bankers A...
Tue, Mar 11 2014, 9:57 AM
I
will go on the record as saying that I have never earned $63.9 million
doing anything - certainly not for selling my bone marrow back in
col...
Tue, Mar 11 2014, 8:00 AM
Considering the lack of actionable news and events during the first half of the week, bond market participants can either turn their attention to wha...
Tue, Mar 11 2014, 3:41 PM
Today is one of those days where Treasury movements definitely do not tell the story for MBS. Today's Senate headlines on the upcoming Fannie/Freddie...
Tue, Mar 11 2014, 3:05 PM
Mortgage rates continued holding mostly sideways today ,
though there were enough lenders in slightly better shape to make for a
small improvem...
Tue, Mar 11 2014, 1:21 PM
Relatively speaking, one might say that the distressed housing market in
California has virtually evaporated . The
California Association of Realt...
Mon, Mar 10 2014, 11:55 AM
Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals...
Mon, Mar 10 2014, 11:24 AM
Americans
expectations regarding home prices ticked up decisively in February, both in
terms of anticipating continued price increases and in the si...
Mon, Mar 10 2014, 11:07 AM
The February edition of the Obama
Administrations Housing Scorecard was released late Friday by the Departments
of Treasury and Housing and Urban De...
Mon, Mar 10 2014, 10:21 AM
Every lender & servicer, and therefore borrower, is influenced by the price of servicing .
And in recent months we have all seen large blocks of se...
Mon, Mar 10 2014, 8:00 AM
After moving through the worst week of losses since mid-August, bond markets are left to consider whether it's time fully abandon February's weather...
Mon, Mar 10 2014, 4:45 PM
As far as Mondays after NFP Fridays go, today could have been worse. On occasion, these Mondays can serve to perpetuate a new trend set in motion aft...
Mon, Mar 10 2014, 3:35 PM
Mortgage rates leveled-off today ,
after rising to 2-month highs after last Friday's Employment Situation
('Jobs Report'). Today's rates were ju...
Fri, Mar 7 2014, 12:49 PM
Not only was this morning's employment data stronger than expected, but it would probably have been even stronger if not for the weather effect. As ...
