Mon, Nov 25 2013, 4:15 PM
Today serves as a good example of Treasuries and MBS moving in opposite directions.
It's not that they weren't almost always moving in the same dir...
Mon, Nov 25 2013, 4:04 AM
We enter this holiday-shortened week with bond markets having done an
admirable job of consolidating and correcting after the losses inspired
by l...
Mon, Nov 25 2013, 3:18 PM
Contracts for home purchases in the
Golden State increased in October, the first such increase in three months the
California Association of Realt...
Mon, Nov 25 2013, 1:45 PM
The Office of Inspector General
(OIG) of the Federal Housing Finance Agency (FHFA) has
released its sixth Semiannual Report to the Congress. The re...
Sat, Nov 23 2013, 3:58 PM
A new study by PayScale finds “Gen Y”
aged 35 years and younger are having a hard time out there. About 16%
who have a job are living at home st...
Fri, Nov 22 2013, 12:22 PM
Today was destined to to be light on market moving guidance and
consequently on participation (to whatever extent anything is destined
to happen i...
Fri, Nov 22 2013, 10:57 AM
Property taxes
are collected by virtually all local governments; levied on land, commercial
properties, and residential homes. Taxes
are generally...
Fri, Nov 22 2013, 9:31 AM
There
is an old joke in advertising that says, "Half of all advertising money is
wasted. The trick is knowing which half." Companies continue to tak...
Fri, Nov 22 2013, 6:44 AM
There are a lot of individual events worth mentioning from
yesterday's session--slightly stronger Jobless Claims, much weaker
Philly Fed, FOMC spe...
Fri, Nov 22 2013, 4:51 PM
Superficially, today looks like a good one for MBS markets with
Fannie 3.5s up a quarter of a point heading into the close. But the
"yeah buts" a...
Fri, Nov 22 2013, 4:08 PM
FICO credit scores will soon be available to some consumers for free but
only if their lenders authorize it. The
company announced recently it ...
Fri, Nov 22 2013, 4:07 PM
Lender Processing Services (LPS) said today that the
national foreclosure pre-sale inventory is at its lowest level since 2008 . The inventory, the...
Fri, Nov 22 2013, 3:50 PM
Mortgage rates were steady to slightly lower today, though they remain elevated on the week ( read more... ).
Most lenders are effectively un...
Thu, Nov 21 2013, 12:19 PM
At the risk of being too dramatic, bond markets were spiraling out of
control to some extent, heading into this morning's Philly Fed data.
That f...
Thu, Nov 21 2013, 10:30 AM
CFPB announced its first enforcement action against a payday lender , with $14 million in reimbursements and a $5 million penalty .
33 bus...
Thu, Nov 21 2013, 4:40 PM
Today's session managed to be fairly interesting and refreshingly calm
at the same time. The first two hours of the day were arguably less
calm a...
Thu, Nov 21 2013, 3:34 PM
Mortgage rates may have managed to hold steady to slightly lower ,
but it's important to understand that today's rates are still
significantly ...
Thu, Nov 21 2013, 3:02 AM
Today's economic data, taken together, is in the same league as
yesterday's Retail Sales, and with the absence of FOMC Minutes looming
in the afte...
Thu, Nov 21 2013, 2:58 PM
Fannie Mae's Economic and Strategic
Research Group calls the temporary government shutdown and debt ceiling
negotiations in October a blow to consu...
Thu, Nov 21 2013, 2:51 PM
In the November edition of CoreLogic's e-magazine
MarketPulse, Kathryn Dobbyn looks at
the potential impact of lower conforming loan limits on t...
Thu, Nov 21 2013, 2:42 PM
In prepared
remarks to present to the Senate Banking Committee on Thursday, Alfred M.
Pollard, General Counsel of the Federal Housing Finance Agency...
Wed, Nov 20 2013, 12:02 PM
The morning has been relatively action-packed so far, both with
scheduled and unscheduled market movers. Among the overt, scheduled
consideration...
Wed, Nov 20 2013, 10:57 AM
Low inventories continue to drive home
prices up from year-ago levels, but existing home sales appear to have at least
temporarily cooled the Nation...
Wed, Nov 20 2013, 10:54 AM
As expected the Consumer Financial
Protection Bureau (CFPB) has released the "easier-to-use" mortgage disclosure
forms that were mandated by the Dod...
Wed, Nov 20 2013, 9:51 AM
The coming year should bring an
emergence of the first purchase-dominated market the U.S. has seen since 2000
Freddie Mac has predicted. The
s...
Wed, Nov 20 2013, 9:18 AM
Flagstar Bank has spread the word that Flagstar is adding an option for “ VA IRRRL Other Servicer ”
to use AVM rather than an appraisal up to 100% L...
Wed, Nov 20 2013, 8:36 AM
The volume of mortgage
applications fell for the third straight week during the period ended November
15 the Mortgage Bankers Association (MBA) sa...
Wed, Nov 20 2013, 8:16 AM
With the brief exception of Bernanke's speech at the start of the
overnight session, yesterday's weakness was pervasive, moderate, and
mechanical ...
Wed, Nov 20 2013, 5:32 PM
Mortgage rates shot significantly higher
after today's FOMC Minutes reminded markets that the Fed is still
intently considering a reduction in a...
Wed, Nov 20 2013, 5:20 PM
Bond markets are at their weakest levels since just before September's
FOMC "no taper" announcement after today's FOMC "really actually fairly
int...
Wed, Nov 20 2013, 3:15 PM
Back in May and June, the Fed was either clearly finding a sense of
urgency about managing the pace of asset purchases or they clearly
wanted us t...
Wed, Nov 20 2013, 3:10 PM
Mortgage loan originations for
the purpose of purchasing topped 60 percent in October Ellie Mae said on
Wednesday, for the first time since the co...
Tue, Nov 19 2013, 12:29 PM
Bond markets were nearly unchanged overnight, but leaked
incidentally weaker into domestic hours. Some of the MBS-specific
weakness owes itself t...
Tue, Nov 19 2013, 11:24 PM
The Office of Inspector General
(OIG) of the Federal Housing Finance Agency (FHFA) released a performance audit
report that recommends FHFA tighten ...
Tue, Nov 19 2013, 10:37 AM
One day before a scheduled Consumer Financial
Protection Bureau (CFPB) "field hearing" in Boston, Bloomberg is reporting that its Director, Richard...
Tue, Nov 19 2013, 10:02 AM
For today’s history lesson, exactly 150 years ago US President Abraham
Lincoln delivered the two minute Gettysburg Address. Sometimes it feels
lik...
Tue, Nov 19 2013, 6:39 PM
The Department of Justice has confirmed the $13
billion settlement with JP Morgan that has been widely reported in the press as
a done deal for ov...
Tue, Nov 19 2013, 4:51 PM
Mortgage rates broke their 4-day winning streak,
moving just slightly higher in most cases. Some lenders fared worse
than others and many rec...
Tue, Nov 19 2013, 4:29 PM
Bond market weakness was the theme of the day, and it was
pervasive--even if relatively mild--right from the start of the
overnight session. Germ...
Tue, Nov 19 2013, 2:39 AM
Monday offered a surprisingly bullish session for bond markets with
MBS just 2 ticks shy of gaining half a point on the day. 10yr yields
dropped ...
Tue, Nov 19 2013, 2:34 PM
The government shutdown and the typical
end of summer doldrums dragged California home sales down in October, the third
straight month of falling sa...
Mon, Nov 18 2013, 11:48 AM
Overnight trading was fairly uneventful with Treasuries holding a narrow
range. They ultimately hit the domestic session in unchanged
territory. ...
Mon, Nov 18 2013, 10:50 AM
Builder confidence in the market for
newly constructed homes remains only moderately positive according to the National
Association of Home Builders...
Mon, Nov 18 2013, 9:20 AM
There is an abundance of smaller lenders who
would rather focus on funding loans than on focus on compliance, and an
abundance of companies with...
Mon, Nov 18 2013, 7:53 AM
2.688, 2.684, and 2.691. These were the 3 10yr yield lows from Wednesday, Thursday and Friday last week. They represent a thorn in the side
for ...
Mon, Nov 18 2013, 4:55 PM
Mortgage rates moved noticeably lower
to begin the week, continuing a winning streak that began last
Wednesday. Today's improvement brings the ...
Mon, Nov 18 2013, 4:23 PM
Fed speakers will be an ongoing theme this week as market
participants refine their outlook for potential December policy
changes. While we heard...
Fri, Nov 15 2013, 12:26 AM
Bond markets beat the odds and have now successfully pushed back
against the losses seen after last week's strong jobs numbers. In order
to be de...
Fri, Nov 15 2013, 12:00 PM
Treasuries were modestly weaker overnight and yields made a linear move to highs from yesterday afternoon just after the open today.
The first data...
Fri, Nov 15 2013, 10:17 AM
According to Morningstar, Vanguard has overtaken Pimco as the world's largest bond mutual fund
with $288B of assets at the end of Oct. vs. $248B f...
