Wed, Feb 19 2014, 10:47 AM
Numbers for both housing permits and
housing starts were much lower in January than in December while housing completions
were up. The Northeast ...
Wed, Feb 19 2014, 9:53 AM
"A
statistician is someone who tells you, when you've got your head in the
fridge and your feet in the oven, that you're - on average - very
com...
Wed, Feb 19 2014, 8:31 AM
Interest rates increased definitively
last week and mortgage application volumes fell according to data released
today by the Mortgage Bankers Assoc...
Wed, Feb 19 2014, 7:00 AM
Whither MBS go increasingly depends on whether data withers from winter weather. I'm so sorry about that sentence. In more modern words, the more th...
Wed, Feb 19 2014, 5:22 PM
Mortgage rates began the day moderately lower compared to yesterday's latest levels, but the improvements didn't last .
Bond markets including M...
Wed, Feb 19 2014, 5:08 PM
The insidious thing about today's market movement--at least from the standpoint of MBS devotees--is that we began in moderately stronger territory and...
Wed, Feb 19 2014, 3:33 PM
Sales of existing homes in California
were essentially flat in January the California Association of Realtors®
(C.A.R.) said on Wednesday. While
...
Wed, Feb 19 2014, 3:19 PM
Mortgage Bankers Association (MBA) President David H. Stevens
congratulated mortgage servicers attending MBA's National Mortgage Servicing
Conferenc...
Tue, Feb 18 2014, 12:01 PM
Treasuries were slightly stronger in the overnight session with 10yr yields falling just over a bp. They've moved another 2-3bps lower as the morning...
Tue, Feb 18 2014, 10:52 AM
BuildFax said that residential
remodeling increased by 1 percent from November to December and was up 9
percent from a year earlier. Permits for
...
Tue, Feb 18 2014, 10:50 AM
The National Association of Homebuilders (NAHB)
provided a number of explanations for a record drop in the NAHB/Wells Fargo
Housing Market Index (...
Tue, Feb 18 2014, 10:46 AM
"Any
idea how much Realtors make?" I don't know, and asking someone their
income isn't always the wisest of moves, especially on a first date. But...
Tue, Feb 18 2014, 7:00 AM
Bond markets begin the holiday-shortened still waiting for a reason to do anything but merely continue in the same mildly negative trend. Said tren...
Tue, Feb 18 2014, 4:30 PM
MBS weren't quite able to keep up with the Snowball rally in Treasuries today, but the gap lessened into the afternoon. Chalk this up to an abundance...
Tue, Feb 18 2014, 3:49 PM
Mortgage rates were lower in some cases today,
though some lenders merely held steady compared to Friday's latest
levels. Mortgage-Backed-Sec...
Tue, Feb 18 2014, 2:49 PM
Using
an Olympic theme of " Will Housing Take Gold ", Freddie Mac's economists said
today that, while they had expected housing 'to come out of the ...
Tue, Feb 18 2014, 1:20 PM
Freddie Mac has joined Fannie Mae in
offering limited time and location inducements to move sales on its owned real
estate (REO). The company today...
Mon, Feb 17 2014, 6:10 PM
Underwriters
will soon be entering that netherworld where they want 2013 tax
returns , but borrowers just don't have them yet. With that in mind,...
Fri, Feb 14 2014, 12:13 PM
With and without this morning's economic data, bond markets have erred on the side of weakness so far today. The only report significantly out of lin...
Fri, Feb 14 2014, 10:34 AM
"Melissa
Burch, a real estate closing agent at a Fort Lauderdale title company,
pocketed more than $1 million from her employer's escrow account...
Fri, Feb 14 2014, 7:00 AM
After today's heavy snowfall in New York turned to rain this afternoon, it's now turning back into snow in the wee hours, scheduled to deposit another...
Fri, Feb 14 2014, 6:46 PM
Bond markets limped across the finish line near the lowest levels of the week. As expected, there was no major drama and the only real unpleasantne...
Fri, Feb 14 2014, 4:09 PM
Mortgage rates moved higher today,
erasing yesterday's improvements and carrying them to their highest
levels since late January on average. Fo...
Fri, Feb 14 2014, 1:23 PM
Here's a special Valentine's Day installment of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in...
Thu, Feb 13 2014, 11:56 AM
Bond markets were reasonably stronger overnight, mostly by way of consolidating the past three days of weakness. Weaker economic data (Retail Sales a...
Thu, Feb 13 2014, 10:56 AM
Foreclosure activity increased in
January with filings up 8 percent from December on a nationwide basis. RealtyTrac reported today there was a tot...
Thu, Feb 13 2014, 10:26 AM
The January spurt in applications for
new home purchases does not surprise Mike Fratantoni, chief economists for the
Mortgage Bankers Association....
Thu, Feb 13 2014, 10:23 AM
"Rob,
my cousin asked me if there were any consumer groups that focused on
homeowners. Do you know of any?" The one that jumps to mind is the Amer...
Thu, Feb 13 2014, 7:00 AM
Today's combination of events is seen from time to time on the Thursday of slower weeks. One component is the first major appearance of economic data...
Thu, Feb 13 2014, 4:20 PM
On a scale of 1-10, with 10 being the best case scenario for bond markets, today was 6 . It probably stood very little chance to be much more than a...
Thu, Feb 13 2014, 3:37 PM
Mortgage rates fell moderately following
this morning's weaker-than-expected report on Retail Sales. There were
several other considerations th...
Thu, Feb 13 2014, 1:48 PM
Starting tomorrow Fannie Mae will offer some homebuyers
a special incentive to purchase through its HomePath program which the company
uses to mar...
Wed, Feb 12 2014, 12:21 PM
This morning's first update on MBS Live noted that despite overnight press crediting China for prompting bond market weakness, it was in fact European...
Wed, Feb 12 2014, 10:20 AM
Atlanta
has too much snow and slush, and is staying home. California, however,
is in the midst of a terrible drought - and it is only February. Th...
Wed, Feb 12 2014, 9:10 AM
Mortgage
application volume continued to drift during the week ended February 7. The Mortgage Bankers Association (MBA) said
that its Market Compos...
Wed, Feb 12 2014, 7:00 AM
Wednesday could be somewhat interesting for bond markets. At the moment, we'll have to focus exclusively on Treasuries as MBS rolled last night, th...
Wed, Feb 12 2014, 4:23 PM
Today's calendar of economic events was empty . There wasn't even much by way of potential market movers to evaluate. Instead, bond markets were le...
Wed, Feb 12 2014, 3:35 PM
Mortgage rates moved higher at
their fastest pace in more than a month today, confirming yesterday's
shift in momentum. While this isn't an out...
Wed, Feb 12 2014, 3:18 PM
For the first time in six years the mortgage
delinquency rate has dropped below 4 percent TransUnion said on Wednesday. Nationally, 3.85 percent of...
Wed, Feb 12 2014, 2:40 PM
What passes as a measure of home affordability in
California may stagger some who live in other parts of the country and only about
a third of the...
Tue, Feb 11 2014, 12:21 PM
If there was any doubt as to the market-moving potential of today's Congressional testimony from Janet Yellen, it was quickly cleared up this morning....
Tue, Feb 11 2014, 10:52 AM
Home
price movement was mixed across metropolitan areas (MSAs) in the fourth quarter
of 2013 the National Association of Realtors® (NAR) said today....
Tue, Feb 11 2014, 10:46 AM
Hey,
who wouldn't want to have some steel-cut oatmeal with FHA Commissioner
Carol Galante? Ride a ski lift with HUD Secretary Donovan? Argue over ...
Tue, Feb 11 2014, 10:29 AM
Fannie Mae said today that an
improvement in American's attitudes about the ease of getting a mortgage may
offset a declining perception about home ...
Tue, Feb 11 2014, 9:50 AM
There are competing forces at work in
the mortgage market the Mortgage Bankers Association (MBA said today. First, lenders are still adjusting to th...
Tue, Feb 11 2014, 7:00 AM
Bond markets are on the verge of disavowing their allegiance to higher prices and lower yields that has, thus far, characterized most of the new year....
Tue, Feb 11 2014, 4:59 PM
Mortgage rates were higher today following
new Fed Chair Yellen's first scheduled testimony before the House
Financial Services Committee. Most...
Tue, Feb 11 2014, 4:53 PM
After Friday's initial NFP-inspired volatility, bond markets had settled into a very narrow sideways range in anticipation of the next big piece of gu...
Mon, Feb 10 2014, 12:03 PM
The Obama Administration's January Housing
Scorecard, issued jointly by the Departments of Treasury and Housing and Urban
Development (HUD) notes th...
Mon, Feb 10 2014, 11:59 AM
After an uneventful overnight session, MBS and Treasuries both began the day in moderately stronger territory, but only when compared to Friday's late...
