Tue, Dec 24 2013, 12:49 PM
While competition has moderated, Redfin reports that there is still
plenty of data, real and anecdotal, to show homebuyers are still highly
motivat...
Tue, Dec 24 2013, 12:42 PM
The
mortgage interest deduction (MID) is never left alone for very long . In
Unmasking the Mortgage Interest Deduction: Who Benefits and by How...
Tue, Dec 24 2013, 12:36 PM
Since
the housing market collapse the focus of policy makers has shifted from putting
borrowers into owner occupied housing to keeping them there....
Tue, Dec 24 2013, 12:20 PM
Tue, Dec 24 2013, 11:46 AM
A
couple was Christmas shopping at the mall. The wife turns around to
find that her husband had disappeared. Upset, she calls him on his
cellpho...
Tue, Dec 24 2013, 10:20 AM
New Single Family Home Sales stood at a seasonally adjust annual rate of 464,000 in November
according to estimates released today by The U.S. Cens...
Tue, Dec 24 2013, 9:57 AM
After falling to it's lowest level in more than 12 years last week,
the Mortgage
Bankers Association's (MBA) Market Composite Index fell another 6....
Tue, Dec 24 2013, 8:29 AM
To at least the same extent as yesterday, today's session calls for
auto-pilot in terms of market-watching. It's not that today's data
isn't nece...
Tue, Dec 24 2013, 2:59 PM
Excruciatingly low holiday volumes magnified the existing downtrend today, bringing MBS prices back to the lower-middle of their downwardly-sloped tra...
Tue, Dec 24 2013, 2:38 PM
Here's a special Christmas installment of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in the ...
Tue, Dec 24 2013, 1:07 PM
Mortgage rates rose to new 3-Month Highs today
as bond market weakness (read: higher rates) is magnified by holiday
trading conditions. In othe...
Mon, Dec 23 2013, 12:48 PM
The overnight session was tame for Treasuries, ultimately resulting in opening levels just slightly weaker
than Friday's latest. That said, both ...
Mon, Dec 23 2013, 10:04 AM
Before
we delve into the agency, lender, and investor news, here is some
holiday cheer....maybe. On December 9th, the Federal Reserve released its...
Mon, Dec 23 2013, 7:07 AM
Of all the holiday weeks of any given year, this one has the biggest
effect on market participation. Trading activity will almost certainly
be ex...
Mon, Dec 23 2013, 5:16 PM
MBS stayed inside the micro-range established on Friday afternoon for the entire session . The holiday-inspired quietness was evident from the overn...
Mon, Dec 23 2013, 3:35 PM
Mortgage rates were unchanged to
just slightly higher to begin the holiday-shortened week. With the
exception of last Thursday, rates are the h...
Mon, Dec 23 2013, 1:43 PM
Pending home sales in California experienced
the first double digit drop in over a year in November, falling 13.6 percent
from October to a Pendin...
Fri, Dec 20 2013, 10:44 AM
Borrowers
have saved countless billions by refinancing over the last few years.
But they aren't the only ones saving money: the Treasury Departmen...
Fri, Dec 20 2013, 5:24 PM
The lion's share of today's recap is available in the 3:18pm update
below. Nothing about the day's theme changed from then on. In short,
MBS wer...
Fri, Dec 20 2013, 4:29 PM
Mortgage rates bounced back today,
recovery the ground they lost in yesterday's move to 3-month highs.
Today then, is the second worst day in 3...
Fri, Dec 20 2013, 3:53 AM
Here is a fact about the last 48 hours: on the day of and the day after
the Fed finally announced tapering, the most relevant MBS coupon for
c...
Fri, Dec 20 2013, 2:30 PM
Freddie Mac's December U.S. Economic & Housing Market Outlook looks at what the company's chief economist
Frank Nothaft and deputy chief Leonard K...
Fri, Dec 20 2013, 2:06 PM
One settlement and one enforcement
action have been announced in the last 24 hours and they are going to cost two
financial institutions a lot of m...
Fri, Dec 20 2013, 1:19 PM
GDP was stronger than expected this morning, yet bond markets are
in stronger territory. Volume in MBS is light, but they're just
following Treas...
Thu, Dec 19 2013, 12:55 PM
Check out the chart below for some rationale as to why this morning's
very very high Jobless Claims number failed to help MBS and Treasuries
gain ...
Thu, Dec 19 2013, 10:54 AM
Existing home sales in November failed to outdo those in the same month a
year earlier for the first time in 29 months .
The National Association ...
Thu, Dec 19 2013, 10:30 AM
Sometimes
common sense seems to leave the markets, but then again, traders are
smarter than the rest of us, right? "Beginning in January, the Comm...
Thu, Dec 19 2013, 8:43 PM
Bond markets began the day by extending yesterday's late weakness in somewhat of a panicky fashion. By tapering only
by a small amount and by pro...
Thu, Dec 19 2013, 4:22 AM
The Fed tapered yesterday, and bond markets didn't freak out as
much as they might have. Immediately following the announcement, bond
markets wen...
Thu, Dec 19 2013, 4:09 PM
Mortgage rates continued higher today,
reaching levels not seen since the week before the FOMC Announcement in
September. Today's weakness owes...
Thu, Dec 19 2013, 2:04 PM
With new mortgage regulations due to
be implemented in less than a month, the Consumer Financial Protection Bureau (CFPB)
has released a set of mat...
Thu, Dec 19 2013, 1:52 PM
Fannie
Mae said today that the third quarter economy was better than expected with
inventory buildups that doubled from the second quarter, the fa...
Wed, Dec 18 2013, 12:43 PM
The
percentage of loans originated for refinancing increased in November for the
first time in 10 months Jonathan Corr, president and chief operat...
Wed, Dec 18 2013, 12:17 PM
While the most attention-grabbing headline of the morning so far has concerned the largest jump in Housing Starts since 1990,
the sharpest movem...
Wed, Dec 18 2013, 11:56 AM
US household net worth was
$77 trillion as of the end of Q3, up $1.9T Q/Q. In the third quarter, the
value of corporate equities and mutual funds o...
Wed, Dec 18 2013, 11:19 AM
Housing starts and housing completions for
September, October and November were released by the U.S. Census Bureau and the
Department of Housing and...
Wed, Dec 18 2013, 9:36 AM
The FOMC Statement due out at 2pm will continue in the Fed's fine
tradition of keeping most of the text unchanged and merely updating key
sections...
Wed, Dec 18 2013, 8:50 PM
After almost exactly half a year of discussing the mythical
"Tapering" as a possible outcome of an FOMC Announcement (there were
some grumblings a...
Wed, Dec 18 2013, 8:29 AM
It was another down week for mortgage
application activity. The Mortgage
Bankers Association (MBA) said its Market Composite Index, a measure of
a...
Wed, Dec 18 2013, 7:56 AM
Let's skip to the important stuff about today. While there will be a
backlog of three months of Housing Starts data released in the morning,
as w...
Wed, Dec 18 2013, 5:32 PM
Mortgage rates moved higher today
after the Federal Reserve announced the first reduction in its
purchases of Treasuries and MBS. The reduction...
Wed, Dec 18 2013, 2:05 PM
Information received since the Federal Open Market Committee met in September generally suggestsOctober indicates that economic activity has continued...
Tue, Dec 17 2013, 12:50 PM
Negative equity amounts continued to
shrink during the third quarter of 2013 CoreLogic said today. An estimated 791,000 properties regained an equ...
Tue, Dec 17 2013, 11:45 AM
Seeing as how today is yet another mid-December day that doesn't
contain the long-awaited FOMC Announcement, it's proving to be just
another incon...
Tue, Dec 17 2013, 10:59 AM
Clients of Franklin American received this e-mail yesterday: “Due to the market environment and regulatory concerns, Franklin American will be remo...
Tue, Dec 17 2013, 6:59 AM
The Week Ahead spells out the theme of the week and recaps the market exhaustion leading
up to it. Those themes remain in force until tomorrow's...
Tue, Dec 17 2013, 5:41 PM
Ginnie Mae has
taken the first steps toward a planned modernization of its securitization
platform . The company on Tuesday
released four new sys...
Tue, Dec 17 2013, 5:32 PM
It's never fun to be wrapping up our assessment of one major economic event with the conclusion that nothing really matters
until the next one. I...
Tue, Dec 17 2013, 4:37 PM
Mortgage rates remained at the same level for the 4th consecutive day despite some movement in MBS (the "mortgage-backed securities" that most dir...
Tue, Dec 17 2013, 3:23 PM
Home sales in the San Francisco Bay Area like those in the
state at large fell in November DataQuick said today. While state-wide sales, as report...
