Mon, Mar 31 2014, 4:01 PM
The 'after-hours' session (3pm-5pm, following the close of Treasury pit trading) is seeing an ongoing trickle of sideways to slightly stronger prices ...
Mon, Mar 31 2014, 3:48 PM
Dr. Kenneth Rosen, Chairman, Fisher Center for Real Estate
and Urban Economics and Professor Emeritus, University of California, Berkley emerges
as ...
Mon, Mar 31 2014, 2:43 PM
Mortgage rates continued higher today,
as part of a 2 day move following 5 straight days of improvement.
Nearly all of that improvement has be...
Fri, Mar 28 2014, 11:30 AM
There has been a good amount of correlation between stock prices and bond yields heading into the end of the month/quarter. This is not an uncommon o...
Fri, Mar 28 2014, 9:13 AM
I
continue to receive questions about the CFPB's stance on kickbacks and
referrals . I usually tell the person to write to the CFPB directly, but...
Fri, Mar 28 2014, 8:00 AM
There's some conventional wisdom that suggests asking questions in the title of an article is not a good idea. Pish posh! When it comes to financial...
Fri, Mar 28 2014, 5:19 PM
Mortgage rates finally experienced a correction to
the 5-day winning streak that had carried them lower after last week's
spike. On a slightly...
Fri, Mar 28 2014, 4:53 PM
If you'd like to reduce this week's activity to a very basic concept and seek to explain just about everything we've seen in the past week as a functi...
Fri, Mar 28 2014, 2:34 PM
CoreLogic Chief Economist Mark
Fleming suggests that an examination of housing's one-percenters might be as valuable
an analysis as a glance at th...
Thu, Mar 27 2014, 12:07 PM
Bond markets were almost perfectly flat overnight and held a narrow 2bp range in 10yr Treasury yields. MBS started out in slightly negative territor...
Thu, Mar 27 2014, 10:43 AM
The National Association of Realtors®
(NAR) Pending Home Sales Index (PHSI) for February added more confirmation of a
slowing home housing market. ...
Thu, Mar 27 2014, 10:23 AM
The former top executive of Bank of
America (the Bank) was a named party in a settlement between the bank and the
State of New York announced on W...
Thu, Mar 27 2014, 10:19 AM
Home
sales continue to cool , dipping to a seasonally adjusted annual rate of 5.08
million in February RealtyTrac said today.
This was a -0.2 per...
Thu, Mar 27 2014, 9:50 AM
Bank of America bought Countrywide and Merrill Lynch in 2008 and 2009 respectively. How is that investment paying off? Well, it just cost BofA anoth...
Thu, Mar 27 2014, 8:00 AM
Bond markets will get what is probably their busiest day of economic events today. Right out of the gate, two relatively important pieces of data w...
Thu, Mar 27 2014, 4:53 PM
Strong response to an earlier limited incentive offer for home buyers has prompted the Fannie Mae HomePath® Program to briefly extend the offer's de...
Thu, Mar 27 2014, 4:07 PM
Mortgage rates moved moderately lower today, further improving on what has generally been a slow-paced week of gains.
The yard-stick measuring t...
Thu, Mar 27 2014, 4:05 PM
While not all the data was stronger this morning, the only stand-out market mover certainly was. Jobless Claims fell to 311k from 320k previously, be...
Wed, Mar 26 2014, 12:04 PM
It's been a fairly uneventful, yet positive morning for bond markets. After coming into the domestic session in just slightly weaker territory, bon...
Wed, Mar 26 2014, 11:15 AM
Whenever
I riffle through my neighbor's trash cans looking for paystubs and
trying to figure out how much money they make, the motion light comes ...
Wed, Mar 26 2014, 8:55 AM
There were
continued indications during the week ended March 21 of the anticipated 2014
decrease in mortgage volume and the market's gradual shift t...
Wed, Mar 26 2014, 8:00 AM
In the days following last Wednesday's FOMC shake-up, bond markets have visibly lacked inspiration to do much of anything. That could be chalked up...
Wed, Mar 26 2014, 4:49 PM
Profits pocketed by independent banks
and banks' mortgage subsidiaries plunged in the fourth quarter of 2013 the
Mortgage Bankers Association (MBA...
Wed, Mar 26 2014, 4:16 PM
Mortgage rates improved substantially
today, at least in the context of small day-over-day movement seen
since last week's Fed Forecasts sent r...
Wed, Mar 26 2014, 4:07 PM
Today's market activity is a tale of two events: the morning's Durable Goods data and the afternoon's 5yr Treasury auction.
Heading into the 8:3...
Wed, Mar 26 2014, 3:01 PM
Freddie Mac and its economists would
like to answer the old question "are we there yet?" with "there" in this case
meaning anywhere close to a norma...
Tue, Mar 25 2014, 12:12 PM
A good thing to keep in mind about any data-based conclusion in financial markets is that details matter . This is true both in terms of the referen...
Tue, Mar 25 2014, 10:56 AM
After rising by a revised 3.2 percent January, New Home Sales
fell 3.3 percent in February according to data released today by The
Census Bureau...
Tue, Mar 25 2014, 9:47 AM
Ellie Mae came out with its latest " Origination Insight Report ."
"The free monthly Report mines its data from a robust sampling of
closed loan a...
Tue, Mar 25 2014, 9:46 AM
The current plan to wind down Fannie Mae and Freddie Mac would result in lower housing prices for everyone. It would harm the United Stat...
Tue, Mar 25 2014, 8:00 AM
Whereas yesterday got the week off to a slow start in terms of economic data, today makes up for it. There are two reports in the 9am time slot--both...
Tue, Mar 25 2014, 4:25 PM
Mortgage rates were slightly higher for some lenders today, but lower for others--holding perfectly flat on average .
There were no major disru...
Mon, Mar 24 2014, 12:19 PM
Bond markets began the day in weaker territory after a relatively uneventful overnight session. The losses were minimal and left both MBS and Treasur...
Mon, Mar 24 2014, 10:41 AM
Many folks attended the recently held IMN conference on residential mortgage servicing rights
(MSRs) in Manhattan. The primary focus of attendees ...
Mon, Mar 24 2014, 10:26 AM
Parse Janet Yellen's comments any way you want, but know one thing: This is likely to be an interesting year for bond investors.
Financial market...
Mon, Mar 24 2014, 8:00 AM
On the one hand, this week's calendar of events is fairly well packed. On the other, it's spring break. While that may not sap the level of activity...
Mon, Mar 24 2014, 4:46 PM
Mortgage rates moved sideways to slightly lower
today, but only after a slew of mid-day reprices from lenders. Before
that, the morning rate...
Mon, Mar 24 2014, 4:46 PM
Bond markets are heading toward the end of the session very close to unchanged levels. This is a small accomplishment considering they began the day ...
Mon, Mar 24 2014, 1:03 PM
Black
Knight Financial Services (formerly Lender Processing Services) reports that
home values in the U.S. as of December remained within 14 percen...
Fri, Mar 21 2014, 12:38 PM
We're heading into an afternoon that's likely to see more bets being made on Basketball games than in financial markets. Bonds in particular are on...
Fri, Mar 21 2014, 10:48 AM
It
is so sad that America ranks 25th in the world in math. But at least
we're still in the top 10. Speaking of math, the Census Bureau tells us
...
Fri, Mar 21 2014, 8:00 AM
Apart from April options expiry in Treasuries, there's really not anything to trade on today for bond markets. Wednesday's Fed forecast speedbump was...
Fri, Mar 21 2014, 4:39 PM
Don't look now, but against a slightly longer-term backdrop, bond markets merely continued in the same old ranges this week, despite being pushed near...
Fri, Mar 21 2014, 2:32 PM
Mortgage rates managed to move lower
today, generally erasing yesterday's increases. There was very little
by way of market-moving events to m...
Thu, Mar 20 2014, 12:57 PM
The day is playing out perfectly in line with our discussion in The Day Ahead . Because of Yellen's candor in conjunction with the mathematically si...
Thu, Mar 20 2014, 11:56 AM
Existing Home Sales, which are completed transactions for
single-family homes, townhomes, condominiums and co-ops, continued
trending lower in Feb...
Thu, Mar 20 2014, 9:54 AM
It has been 5 years since Thornburg
Mortgage filed for Chapter 11. For folks not around then, Thornburg
Mortgage Inc. was an American corporatio...
Thu, Mar 20 2014, 8:00 AM
For a full recap of yesterday's bond market sell-off, read this . For a synopsis, read this: Bond markets sold off yesterday, not so much because of...
Thu, Mar 20 2014, 5:37 PM
While yesterday was a surprise due to changes in Fed forecasts, today was anything but --at least if you bought in to the notion that yesterday's sel...
Thu, Mar 20 2014, 4:09 PM
Mortgage rates moved higher for
a second straight day, extending yesterday's much larger spike. Some
lenders remained relatively close to yest...
