Fri, Feb 28 2014, 2:48 PM
Mortgage rates rose slightly today
ending a strong 3-day move lower. The weakness followed this morning's
economic data, but the bond markets th...
Thu, Feb 27 2014, 12:59 PM
Freddie
Mac posted its ninth consecutive quarter of positive net and comprehensive
income on Thursday as well as a substantial profit for Fiscal 2...
Thu, Feb 27 2014, 12:37 PM
Foreclosure statistics continue to
improve in the "first look" at January data provided Thursday by Black Knight
Financial Services. While the time...
Thu, Feb 27 2014, 12:24 PM
MBS began the session in slightly stronger territory and soon gave up those gains after stronger-than-expected Durable Goods data. Despite the pull-b...
Thu, Feb 27 2014, 10:59 AM
Hope
springs eternal, right? As the residential lending industry wraps up a
couple rough months tomorrow, everyone is hoping for a more robust Mar...
Thu, Feb 27 2014, 10:40 AM
Foreclosure completions accelerated in
January, rising 11.8 percent to 48,000 compared to 43,000 in December. CoreLogic's January National Forecl...
Thu, Feb 27 2014, 10:13 AM
Institutional investors appear to be
losing interest in purchasing foreclosed properties for rentals in the face of
rising property prices and int...
Thu, Feb 27 2014, 8:00 AM
In two short days, bond markets have gone from being closer to 1-month highs to the best levels in more than two weeks. Such things only become pos...
Thu, Feb 27 2014, 5:26 PM
Mortgage rates gained even more ground today, and are now getting close to early February's levels, which were the lowest since November.
Much of...
Thu, Feb 27 2014, 4:52 PM
Fannie 4.0s are up 5 ticks at 104-28. That's 9 ticks lower than the early February highs, but keep in mind those highs came just before the roll, whi...
Thu, Feb 27 2014, 2:33 PM
Builders and developers engaged in the
multi-family market grew a little less confident in that market during the
fourth quarter of last year. Th...
Wed, Feb 26 2014, 12:38 PM
The day began with MBS and Treasuries in weaker territory after an uneventful overnight session. There wasn't much to the weakness and it only made f...
Wed, Feb 26 2014, 11:29 AM
Buyers seem to have ignored the unusually
stormy weather that affected a lot of the country in January, trooping through
snow and ice to boost new...
Wed, Feb 26 2014, 11:01 AM
"You
know you're old if they have discontinued your blood type." You also
know you're old if you think "vendor management" consists of making sure...
Wed, Feb 26 2014, 8:58 AM
Applications
for mortgage refinancing made up only 58 percent of all mortgage applications
during the week ended February 21, down 3 percentage po...
Wed, Feb 26 2014, 8:00 AM
Today's calendar is less busy overall, compared to Tuesday, but offers a good mix of data and events . The only significant economic report of the d...
Wed, Feb 26 2014, 4:37 PM
Mortgage rates built on yesterday's strength
and continued lower today. After lenders released rate sheet
improvements in the afternoon, the av...
Wed, Feb 26 2014, 4:33 PM
If trading days were sporting events, today would be a great game. There were several score changes, but the home team came out strong after half-tim...
Wed, Feb 26 2014, 1:47 PM
The index tracking pending home sales in California jumped
22.9 percent in January to 84.8 from 68.9 in December. This was the first increase in t...
Wed, Feb 26 2014, 1:38 PM
Commercial banks and savings institutions
have increased quarterly earnings year over year for the 17 out of the last 18
quarters the Federal Depo...
Tue, Feb 25 2014, 12:19 PM
Bond markets are seeing their best day of gains since last Tuesday with 10yr yields down from 2.75 to just over 2.70. Fannie 4.0 MBS are up 10 ticks....
Tue, Feb 25 2014, 11:40 AM
The S&P Case-Shiller National home
price index and the Federal Housing Finance Agency's Home Price Index (HPI),
both issued on Tuesday, diverged sh...
Tue, Feb 25 2014, 10:27 AM
Black
Knight Financial Services (formerly Lender Processing Services) reports that
home values in the U.S. as of December had recovered to within 1...
Tue, Feb 25 2014, 10:24 AM
Connecticut's 1 st Alliance Lending, LLC
has been fined $83,000 by the CFPB for violating Real Estate Settlement
Procedures Act (RESPA) rules. ...
Tue, Feb 25 2014, 8:00 AM
As far as economic reports go, Consumer Confidence (often lumped together psychologically with "Consumer Sentiment") occupies that well-populated "2...
Tue, Feb 25 2014, 4:28 PM
Mortgage rates fell noticeably
today, after being pushed up against the highest levels in nearly a
month yesterday. In that sense, the positivi...
Tue, Feb 25 2014, 4:22 PM
The House Financial Services Committee (FSC)
has released advanced information regarding an investigation conducted by the
Office of Inspector Gener...
Tue, Feb 25 2014, 4:18 PM
Today ended up being one of the the calmest in recent memory in terms of price volatility in MBS. From 9:30am on, the biggest gap between the day's...
Tue, Feb 25 2014, 1:18 PM
The growth in the average size of a new
home paused briefly at the beginning of the recession as Americans retrenched
in a lot of ways, but times ha...
Mon, Feb 24 2014, 12:18 PM
Although Treasury yields have been moving in the same direction as stock prices, the magnitude is completely different. Whereas the S&P is up an impr...
Mon, Feb 24 2014, 10:32 AM
Loans
have become harder to do, and underwriters that I have spoken to keep
telling me that every deal is different. How many scenarios are ther...
Mon, Feb 24 2014, 8:00 AM
Frustration and confusion are ongoing themes for bond markets at the moment. The most visible antagonist in that regard is the "weather effect," wher...
Mon, Feb 24 2014, 4:53 PM
Mortgage rates moved sideways
today, reflecting the ongoing indecision in the bond markets that
underlie day-to-day rate movements. The mortgag...
Mon, Feb 24 2014, 4:52 PM
A Connecticut lender has been fined
$83,000 by the Consumer Financial Protection Bureau (CFPB) for violating Real Estate
Settlement Procedures Act (...
Mon, Feb 24 2014, 4:26 PM
Bond markets overall have seen a fair share of ups and downs today, albeit in a narrow range. But where Treasuries took 2 steps back, MBS usually onl...
Fri, Feb 21 2014, 12:13 PM
Bond markets opened and spent the first hour of the day in weaker territory, but began to recover even before the Existing Home Sales data. That rec...
Fri, Feb 21 2014, 10:52 AM
The fourth
quarter of 2013 was its eighth consecutive profitable quarter Fannie Mae said
today and the company posted net income for the entire year...
Fri, Feb 21 2014, 10:44 AM
Tongues are wagging
about Wells Fargo' s extending credit to borrowers with lower credit
scores (600 FICOs) and thus, on the surface, perceive hi...
Fri, Feb 21 2014, 7:45 AM
It continues to be a frustrating time for bond markets--prevented, as they are from rallying very much on strong data, but with few other reasons to s...
Fri, Feb 21 2014, 4:22 PM
Bond markets were weaker in the morning hours today as corporate rate-lock selling and other tradeflow considerations left sellers in control head...
Fri, Feb 21 2014, 2:20 PM
Mortgage rates moved slightly higher
today despite improvements in underlying markets into the afternoon.
Bond markets including MBS (the 'mort...
Thu, Feb 20 2014, 12:32 PM
About two-thirds of the homes sold
during the fourth quarter of 2013 are considered " affordable " according to the National
Association of Home B...
Thu, Feb 20 2014, 12:25 PM
In the latest edition of CoreLogic's Market Pulse the company's senior
economist Mark Fleming provides a different take on housing affordability ...
Thu, Feb 20 2014, 12:13 PM
While yields still aren't back to last week's highs, they've taken a few more steps in that direction. Today's damage was mostly done after the Phil...
Thu, Feb 20 2014, 9:57 AM
If
your lock desk was really busy last week, you're bucking the trend. The
MBA's survey of 75% of retail lenders showed that apps were off 4.1% ...
Thu, Feb 20 2014, 7:45 AM
Bond markets weakened yesterday, with most of the losses following the FOMC Minutes, though troubles mounted in mid-morning hours. That said, trading...
Thu, Feb 20 2014, 4:27 PM
Despite a solid day of volume and fairly noticeable mid-day bout of weakness, not much truly "happened" for bond markets today. There was plenty of r...
Thu, Feb 20 2014, 2:47 PM
Mortgage rates continued higher
today after it became clear that markets were discounting weak economic
data due to weather. In that sense, mor...
Thu, Feb 20 2014, 2:13 PM
Both mortgage delinquency rates and the foreclosure
inventory rate hit their lowest points in five years at the end of the fourth
quarter of 2013....
Wed, Feb 19 2014, 12:19 PM
Treasuries and MBS are both near their weakest levels of the day, but remain in slightly better shape than yesterday's latest levels. The strongest...
