Wed, Apr 2 2014, 8:56 AM
The
Mortgage Bankers Association (MBA) said that mortgage applications decreased
again during the week ended March 28, The seasonally adjusted M...
Wed, Apr 2 2014, 7:45 AM
If there's a consistent theme for bond markets so far in 2014, it's been "indecision." I referred to it as a " Serious Monotony Problem " on Monday, ...
Wed, Apr 2 2014, 4:05 PM
Bond markets sold off absolutely as much as they could have today while still technically staying inside the longer-term "sideways" range leading up...
Wed, Apr 2 2014, 3:14 PM
Mortgage rates moved higher again today,
this time taking them definitively past any of the recent highs in
March. In fact, to find rate sheet...
Wed, Apr 2 2014, 1:51 PM
The government sponsored enterprises
(GSEs) Fannie Mae and Freddie Mac continued active foreclosure prevention
activities in the fourth quarter of 2...
Tue, Apr 1 2014, 12:17 PM
Treasuries were weaker overnight, and in such a way that suggested organic selling pressure. In other words, US bond markets weren't simply weaker be...
Tue, Apr 1 2014, 10:31 AM
Home
prices continue to increase by double digit percentages on a year-over-year
basis CoreLogic said today. The
company's Home Price Index (HPI...
Tue, Apr 1 2014, 9:59 AM
Fed
watchers over the last few years have had many things to study; on
their list of course has been the FOMC's asset purchase program, and
whil...
Tue, Apr 1 2014, 8:00 AM
Bond markets got off to a volatile start yesterday, but ended the day close to unchanged. There's really very little that Treasuries could do at th...
Tue, Apr 1 2014, 4:20 PM
A real snoozer today for bond markets... Yesterday afternoon's late-day strength was washed out by overnight weakness. MBS started the day perfectl...
Tue, Apr 1 2014, 3:05 PM
Mortgage rates were relatively unchanged today,
after moving higher during the past two sessions. The stability is
somewhat counterintuitive a...
Tue, Apr 1 2014, 1:08 PM
Beginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline. Ellie Mae estimates their Encompass platform
...
Mon, Mar 31 2014, 11:45 AM
Bond markets began the week on something of a volatile note. Treasuries had weakened slightly in the overnight session and MBS walked in the door a...
Mon, Mar 31 2014, 9:26 AM
There has been a lot of appraisal news in recent weeks, the most important perhaps being that six
government agencies issued a proposed rule that ...
Mon, Mar 31 2014, 8:00 AM
For most of 2013, the mission was clear for bond markets. It mostly involved rapid selling and significant amounts of pain for any fans of low inte...
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...
