Thu, Jan 30 2014, 11:06 AM
After several days of pronounced volatility, bond markets are taking it easy by comparison so far today. The overnight session had the nostalgic fe...
Thu, Jan 30 2014, 10:53 AM
Abnormal weather was partially
blamed by the National Association of Realtors® (NAR) for a substantial drop in
its December Pending Home Sales Ind...
Thu, Jan 30 2014, 10:02 AM
The industry is changing. The first half of 2013 is a distant, fond
memory for residential lenders. Subprime, non-prime - what's the diff? Business...
Thu, Jan 30 2014, 7:00 AM
With the introduction of the 2-Year Floating Rate Note Auction occupying yesterday's auction time slot, today will see both the 5 and 7yr auctions at ...
Thu, Jan 30 2014, 4:12 PM
Both MBS and Treasuries were weaker at the start of today's domestic session. While that was slightly more pronounced for Treasuries, so was yesterda...
Thu, Jan 30 2014, 3:04 PM
Mortgage rates inched higher
today after hitting the lowest levels of the year yesterday. Trading
in the secondary mortgage markets was far cal...
Wed, Jan 29 2014, 12:06 PM
In Tuesday's State of the Union Speech which
covered a lot of ground both domestic and foreign, President Obama made only
two brief mentions of hous...
Wed, Jan 29 2014, 11:55 AM
Treasuries experienced significant volatility overnight, rising abruptly to the highest yields since last Thursday as Asian markets opened, only to fa...
Wed, Jan 29 2014, 10:40 AM
"After much discussion, research and deliberation, Mortgage
Services III (MSI) has decided to exit the Wholesale Mortgage Broker
and Non-Regulat...
Wed, Jan 29 2014, 9:00 AM
After reaching a boiling point in terms of volume and positivity by the end of the day on Friday, bond markets have leveled off and calmed down a bit ...
Wed, Jan 29 2014, 8:57 AM
Whether it was the weather, the Martin
Luther King Holiday which shortened the business week, or consumers practicing
patience as mortgage rates d...
Wed, Jan 29 2014, 5:35 PM
The Fed reduced asset purchases by another $10 billion today and bond markets rallied handsomely. These two concepts have heretofore been diametrica...
Wed, Jan 29 2014, 4:36 PM
Mortgage rates moved significantly lower
today after drifting higher during the first two days of the week. As
was the case on Friday, today'...
Wed, Jan 29 2014, 3:11 PM
The investigative agency says that in
2012-2013 it nearly doubled the number of defendants that were criminally
charged from the numbers in 2009...
Wed, Jan 29 2014, 3:05 PM
Completed foreclosures dropped by nearly
a quarter in 2013 compared to 2012 CoreLogic said today. There were 620,111 homes foreclosed by
lenders d...
Wed, Jan 29 2014, 2:02 PM
Information received since the Federal Open Market Committee met in
December indicates that growth in economic activity picked up in recent
quarte...
Tue, Jan 28 2014, 12:02 PM
The S&P Case-Shiller Composite
Indices each posted month-over-month declines in November after nine straight months
of growth. The 10-City and 20...
Tue, Jan 28 2014, 9:37 AM
Just when we think everything is quiet on the appraisal front, Kate Berry with American Banker writes that Fannie Mae has created a blacklist for app...
Tue, Jan 28 2014, 8:31 AM
Durable goods data for December is due at 8:30 a.m. EST while the S&P/Case-Shiller home price index for November will be released at 9:00 a.m. ET. The...
Tue, Jan 28 2014, 6:48 PM
Adjustable
rate mortgages remain at historic lows Freddie Mac said today as the company
released results of its 30 th Annual
Adjustable-Rate Mort...
Mon, Jan 27 2014, 11:29 AM
"Rob, can our investors, vendors, Realtor clients, warehouse banks, and so on, influence our hiring practices?" My kneejerk answer is that in this co...
Mon, Jan 27 2014, 7:00 AM
The past two weeks have been good for bond markets, but the past two sessions specifically have been "weird good." That is, they've resulted in much ...
Mon, Jan 27 2014, 4:22 PM
2:20PM :
ALERT ISSUED:
MBS Hits Lows; Negative Reprice Risk Increasing
The Fannie Mae 4.0 coupon has just reached the lo...
Mon, Jan 27 2014, 3:38 PM
The number of major chains reporting
breaches of data security since the start of the Christmas holidays continues
to grow with Michaels the latest ...
Mon, Jan 27 2014, 3:32 PM
Landlords will be happy with a
report published by TransUnion, the credit reporting company. It says that, not only have rents risen in
each of f...
Mon, Jan 27 2014, 2:03 PM
December new home sales slipped 7.0 percent from revised
November figures the Census Bureau and the Department of Housing and Urban
Development ...
Fri, Jan 24 2014, 12:46 PM
In a speech given recently to a housing industry group Michael
Stegman assistant Treasury Secretary for Housing Finance Policy made a
plea for ren...
Fri, Jan 24 2014, 12:18 PM
Pending home sales in California
plummeted in December, falling 25.2 percent because of what the California
Association of Realtors® (C.A.R.) called...
Fri, Jan 24 2014, 12:05 PM
The only fashionable topic of conversation in financial markets at the moment is the global flight-to-safety. There are various root causes for this,...
Fri, Jan 24 2014, 10:29 AM
Just like the industry counted down to QM, now we can count down to
Girl Scout Cookie Season! We have about 16 days - but there is a lot
about the...
Fri, Jan 24 2014, 7:00 AM
Bond markets have several new friends so far in 2014 apart from the soft employment data at the beginning of the month. One of the most reliable fr...
Fri, Jan 24 2014, 4:18 PM
China... Argentina... Emerging market currencies panicking over tapering... Overvalued stock markets "overdue for a correction..." There are plenty ...
Fri, Jan 24 2014, 3:09 PM
Mortgage rates continued a strong move lower
today, benefiting from a global sell-off in risk-related assets.
What's a risk-related asset? I...
Thu, Jan 23 2014, 12:44 PM
Less than 24 hours after trading patterns suggested a risk that bond markets were confirming a bounce against their best levels of the month, those ...
Thu, Jan 23 2014, 11:51 AM
December existing home sales edged up 1.0 percent to a
seasonally adjusted annual rate of 4.87 million from 4.82 million in
November and
were 0.6 ...
Thu, Jan 23 2014, 10:56 AM
All is not bleak in residential lending. Note that yesterday
the MBA reported applications rose 4.7% last week versus +11.9% the
previous week. ...
Thu, Jan 23 2014, 9:59 AM
Sales of distressed properties made up a
larger share of home sales in 2013 than in 2012 RealtyTrac said today. Short sales and sales of bank-owne...
Thu, Jan 23 2014, 7:00 AM
Thursday brings the week's only dose of economic data. While none of the reports are top tier, markets may still take the opportunity to adjust the...
Thu, Jan 23 2014, 4:42 PM
Bond markets were stronger all day, with every ancillary consideration seeming to help them along. Right from the start of the overnight session, wea...
Thu, Jan 23 2014, 3:21 PM
Mortgage rates snapped
quickly lower today, matching or beating the best levels seen so far in
2014. Weakness over the past two days threatened...
Wed, Jan 22 2014, 12:44 PM
The Redfin realty firm said that
competition for houses as measured by bidding wars or multiple offers on
properties was mixed across the country be...
Wed, Jan 22 2014, 12:02 PM
The American Institute of Architects
(ABI) says that its leading indicator of construction activity , the
Architecture Billings Index (ABI) contrac...
Wed, Jan 22 2014, 11:56 AM
(Update: we issued an alert at 12:07pm as prices quickly slid to their lows).
Much like yesterday, bond markets were weaker overnight with Treasur...
Wed, Jan 22 2014, 9:40 AM
The
residential lending industry and the companies inside of it are always
in a state of flux. I am repeatedly hearing, "We're keeping a close ey...
Wed, Jan 22 2014, 8:54 AM
The volume of mortgage applications
increased again during the week ended January 17 according to information
released this morning by the Mortgag...
Wed, Jan 22 2014, 7:00 AM
Although there will be economic data on Thursday, and even though there is technically some today, the week remains decidedly focused on setting up ...
Wed, Jan 22 2014, 6:10 PM
One of the recurring questions on the MBS Live Dashboard today was simply "what's up with this weakness?" Normally, there would be a logical connect...
Wed, Jan 22 2014, 5:21 PM
A Treasury Department official said
today that despite arguments that Fannie Mae and Freddie Mac (the GSEs) are
financially flush and that, with the...
Wed, Jan 22 2014, 3:32 PM
Mortgage rates edged
modestly higher for a second straight day, though they're still in a
lower range than most of December and early January. ...
Tue, Jan 21 2014, 11:59 AM
Sales in 2013 were 5.9 percent below
sales in 2012 the California Association of Realtors® (C.A.R.) has announced,
and December sales also were do...
