Tue, Oct 22 2013, 4:28 PM
In the first few seconds of trading following this morning's NFP
release, 10yr yields dropped from 2.59 to 2.54. From there, they eased
gently lo...
Tue, Oct 22 2013, 4:05 PM
In a move some borrowers and
originators might consider "too little, too late" both Fannie Mae and Freddie
Mac announced today they are expanding t...
Tue, Oct 22 2013, 3:28 PM
Pending homes sales in California dipped
by 1.8 percent on the California Association of Realtors® (C.A.R)
Pending Home Sales Index, falling to 106...
Tue, Oct 22 2013, 2:07 PM
The 'Value of Construction Put in
Place' survey for August was published on Tuesday, three weeks after its
scheduled release. The Census Bureau
re...
Tue, Oct 22 2013, 1:10 PM
In its October Outlook Freddie Mac says that the resurgent housing
market supported economic growth in the second quarter but the recovery appears...
Mon, Oct 21 2013, 11:49 AM
Bond markets were just slightly weaker overnight, but Treasuries
held inside Friday's range at first. Fannie 3.5 MBS opened just in line
with Fri...
Mon, Oct 21 2013, 11:02 AM
Even though sales of existing homes
drifted off the record levels established in the previous two months, September
sales were higher by double digi...
Mon, Oct 21 2013, 10:18 AM
It is being billed as the largest
single-institution settlement arising from the financial crisis. JPMorgan Chase (JPM) has agreed to pay $13
billi...
Mon, Oct 21 2013, 9:41 AM
Some of the information out there is "about as reliable as a
Realtor's photograph." But rumors continue to swirl about the health of
companies. On...
Mon, Oct 21 2013, 7:50 AM
For all the sound and fury produced over the past two weeks, trading
levels in bond markets returned more-or-less in line with the trajectory
that...
Mon, Oct 21 2013, 5:08 PM
Today's session could as easily not have happened, and it wouldn't
change anything about the bigger picture. The same could be true for
most any ...
Mon, Oct 21 2013, 3:47 PM
Mortgage rates rose modestly today,
but remained in line with the lower levels seen since last week's
debt-ceiling deal. The difference betwe...
Mon, Oct 21 2013, 1:04 PM
Residential remodeling eased off in
August, dropping by 13 percent from the July seasonally adjusted annual rate of
3.434 million to 2.987 million...
Fri, Oct 18 2013, 12:46 PM
Yesterday's rally was strong. Today, not so much. That's OK
because if we were to extend the rally (2 day rally, really, totaling
over a point o...
Fri, Oct 18 2013, 9:57 AM
It is a proven fact that ghosts, ghouls, vampires, werewolves, and
the like all live forever. (I either read it in the National Enquirer or
Nation...
Fri, Oct 18 2013, 7:22 AM
Clues provided by early overnight bullishness in bond markets were
accurate in that both Treasuries and MBS returned to the ranges that had
recent...
Fri, Oct 18 2013, 5:11 PM
Despite declining FHA loan
originations (from 120,917 in April 2013 to 105,995 in July), HUD issued
Mortgagee Letter 2013-24 on August 15, tighteni...
Fri, Oct 18 2013, 5:01 PM
Mortgage rates fell only slightly today,
but with yesterday already near 4-month lows, today's moderate
improvement makes it official--at leas...
Fri, Oct 18 2013, 4:50 PM
When the potential government shutdown became an increasing reality
into late September, bond markets entered in to a narrow, sideways
range. Whe...
Thu, Oct 17 2013, 12:32 AM
Congress apparently thought the 10/17 debt ceiling deadline was a
much bigger deal than financial markets. It's not that markets didn't
perceive ...
Thu, Oct 17 2013, 11:59 AM
After adding half a point yesterday, Fannie 3.5 MBS are up another half
point today (Fannie 3.5s as of 11:55am) as the ill effects of the
governme...
Thu, Oct 17 2013, 10:50 AM
LA Dodgers' Tommy Lasorda reportedly said, "I found out that it's not
good to talk about my troubles. Eighty percent of the people who hear
them d...
Thu, Oct 17 2013, 6:39 PM
Surprisingly enough, after the government shutdown, both Treasuries
and MBS are back to levels they were trading at- well--before the
shutdown. T...
Thu, Oct 17 2013, 6:25 PM
Home sales in California were down over
5 percent in September as buyers, according to the California Association of
Realtors® (C.A.R.) reacted to...
Thu, Oct 17 2013, 5:10 PM
Mortgage rates fell significantly today,
returning in line with the lowest levels seen in recent weeks for some
lenders. Not every lender exp...
Thu, Oct 17 2013, 1:27 PM
LIRA, a forward looking indicator of
remodeling activity, continues to project a double digit annual increase in
home improvement spending through t...
Thu, Oct 17 2013, 1:20 PM
Some of the gist of Fannie Mae's October Economic
Forecast, released Thursday but written late last week, was made obsolete when
the government shut...
Wed, Oct 16 2013, 10:59 AM
Fannie Mae appears to be moving quickly
to meet the goal of risk sharing set for it by its conservator the Federal
Housing Finance Agency (FHFA). ...
Wed, Oct 16 2013, 10:56 AM
A biologist, a chemist, and a statistician are out hunting. The
biologist shoots at a deer and misses 5 feet to the left, the chemist
takes a shot...
Wed, Oct 16 2013, 9:58 AM
Refinancing extended its comeback during
the week ended October 11, rising to a 66 percent share of all mortgage applications
reported by the Mo...
Wed, Oct 16 2013, 7:14 AM
When was the last time there was any meaningful level of interest in the Fed's Beige Book ?
Some economic releases, if you're not waiting for the ...
Wed, Oct 16 2013, 5:03 PM
Mortgage rates fell today,
recovering yesterday's losses on average. Some lenders' rate sheets
were just slightly better or worse than yester...
Wed, Oct 16 2013, 4:37 PM
Somehow, the same debt deal (or similar anyway) that caused
problems for bond markets yesterday, ended up being the leading suspect
behind a solid...
Wed, Oct 16 2013, 3:39 PM
Like other housing indicators covering
the summer's end, the one released today by DataQuick showed a gradually
slowing market. The San Diego bas...
Wed, Oct 16 2013, 2:39 PM
HOPE NOW
member servicers completed 67,000 loan modifications in August . There were
63,000 modifications completed in July so the August figures r...
Wed, Oct 16 2013, 2:13 PM
With the Census Bureau, like the rest of
the government, shut down and unable to release its usual economic data the
National Association of Home Bu...
Wed, Oct 16 2013, 1:59 PM
With the FNC Residential Price Index TM (RPI) levels for August home prices have climbed back
to December 2009 levels. But the index,
while it r...
Wed, Oct 16 2013, 1:21 PM
Treasuries and MBS have had varying reactions, at times, to fiscal
headlines. In one moment, bond markets may have weakened in response to
the pr...
Tue, Oct 15 2013, 12:25 PM
Bond markets began the day preemptively weakened by headlines out on Monday suggesting the Senate was working on a deal
that would fund the governme...
Tue, Oct 15 2013, 9:53 AM
Welcome to "National Aging in Place" Week (October 15-21). No, this
doesn't mean sitting in that 10-yr old office chair, slouched over your
comput...
Tue, Oct 15 2013, 7:17 AM
The week begins largely where the previous week left off: with bond markets seemingly scared
of any sort of debt-ceiling resolution. The move low...
Tue, Oct 15 2013, 5:22 PM
Mortgage rates rose moderately today,
bringing them to their highest levels since September 23rd. Though the
recent move higher has happened ...
Tue, Oct 15 2013, 5:07 PM
Bond markets began pouting even before they were open, according to
movement in Treasury futures during yesterday's bond market closure.
The nega...
Tue, Oct 15 2013, 4:14 PM
The Consumer Financial Protection
Bureau (CFPB) released a bulletin today in response to requests for further
clarification on three servicing ...
Tue, Oct 15 2013, 3:08 PM
There may be life in those old GSE bones yet. At least that is one
conclusion that can be drawn from an article in Bloomberg on Tuesday.
Writers...
Tue, Oct 15 2013, 1:26 PM
Periods of high risk and uncertainty greatly decrease the tendency to
"overdo" the typical reaction. During these times, bond market yields
alrea...
Fri, Oct 11 2013, 11:44 AM
Entities like title companies, real estate agencies, home inspection
services, etc. don't mind this statistic, but lenders sure do: the
National A...
Fri, Oct 11 2013, 7:37 AM
Well... The bulk of the prose-based commentary was just accidentally
divulged in the bullet points above. There's not much more to it
really. We...
Fri, Oct 11 2013, 6:34 PM
Bond markets came into the session on a stronger note. They looked
intent on bouncing back from yesterday's somewhat troubling weakness.
Everyth...
Fri, Oct 11 2013, 5:43 PM
Mortgage rates were flat today,
ending the week higher for the second Friday in a row after 3
exceptionally strong weeks in September. Some l...
