Tue, Mar 4 2014, 8:00 AM
While geopolitical tensions in Ukraine are certainly affecting markets, they're not affecting all markets equally. Core European debt has consistentl...
Tue, Mar 4 2014, 4:49 PM
Mortgage rates were sharply higher today,
as concern over geopolitical tension in Ukraine turned a corner. After
a surprisingly strong end to F...
Tue, Mar 4 2014, 4:40 PM
Nothing new happened all day long. Unfortunately, the order of the day was a steady selling spree in MBS and Treasuries--easily the worst we've seen ...
Tue, Mar 4 2014, 4:14 PM
The Federal Housing Administration (FHA)
Mutual Mortgage Insurance Fund will have a positive capital reserve balance at
the end of Fiscal 2014 estim...
Mon, Mar 3 2014, 11:58 AM
There's always a risk of crediting uncommon news headlines with too much market movement . That's certainly happening with Ukraine to some extent at...
Mon, Mar 3 2014, 9:16 AM
Zelman & Associates
invites readers to join them for an informative conference call to
discuss their outlook on the housing market and mortgage ...
Mon, Mar 3 2014, 8:00 AM
This week's calendar of economic data has a roughly average number of reports, but several of them are potent market movers. Friday's jobs report , ...
Mon, Mar 3 2014, 4:09 PM
Mortgage rates moved noticeably lower today,
as investors sought the relative safety of bond markets in response to
geopolitical tensions in Ukr...
Mon, Mar 3 2014, 4:07 PM
As fun as it is to be cynical about the market movers getting the most attention, today's strength in bond markets really was mostly about Ukraine. ...
Mon, Mar 3 2014, 1:16 PM
The Census Bureau said today that
construction put in place in January was at a seasonally adjusted annual rate
of $943.1 billion, up 0.1 percent f...
Fri, Feb 28 2014, 12:41 PM
Bond markets went into the locker room after this morning's econ data fairly discouraged, but not enough to give up. That was less obviously the cas...
Fri, Feb 28 2014, 10:02 AM
Pending
sales changed little from December to January the National Association of
Realtors® (NAR) said today. That is not
surprising as the bad w...
Fri, Feb 28 2014, 9:42 AM
It
has been quite a week, visiting mortgage and banking folks in
California, Kansas, and now Texas. There are a lot of good, experienced
personn...
Fri, Feb 28 2014, 8:00 AM
With the past five sessions having been green for MBS, today affords them the opportunity to do something they haven't done since the end of March 201...
Fri, Feb 28 2014, 3:57 PM
Month-end to the rescue! We've been talking about it all week and now the phenomenon (month-end buying) is a major contributor in bond markets' abili...
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...
