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...
Fri, Nov 15 2013, 4:50 PM
Although bond markets began the day in weaker territory, that was
quickly changed by weak economic data. The Empire State Manufacturing
Index isn...
Fri, Nov 15 2013, 3:48 PM
Mortgage rates fell just slightly today,
though this wasn't the case for every lender. Rate quotes are likely
to be at the same note rate as ye...
Fri, Nov 15 2013, 1:06 PM
Another firm has weighed in with an
index that confirms both the continuation of the better than year-long housing
price gains and that the price pe...
Thu, Nov 14 2013, 12:49 PM
It
has long been evident that some parts of the country such as California,
Florida and other Sun Belt states were hit harder by price declines du...
Thu, Nov 14 2013, 12:46 PM
Housing affordability suffered its
biggest hit in nearly ten years during the third quarter of 2013 the National
Association of Homebuilders (NAHB...
Thu, Nov 14 2013, 12:42 PM
Janet Yellen just wrapped up the Q&A portion of her confirmation
hearing with the Senate Banking committee. It would have been shorter,
but most ...
Thu, Nov 14 2013, 10:39 AM
Applications for mortgages to purchase newly constructed homes jumped by 11
percent in October compared to September. Texas, Florida and
Californ...
Thu, Nov 14 2013, 10:32 AM
Judicial
states playing catchup were behind a rise in foreclosure activity in October according
to RealtyTrac's U.S. Foreclosure Market Report.
Fo...
Thu, Nov 14 2013, 10:16 AM
"Ho-hum" is the word DataQuick used to
describe the housing market in California's Bay Area last month. A total of 7,595 new and resale houses and
...
Thu, Nov 14 2013, 10:14 AM
Research shows that in seven years, "Gen Y" consumers will represent 40% of the US workforce. Are you ready for them? Are they ready to move out of th...
Thu, Nov 14 2013, 7:32 AM
Yesterday was quite an interesting day for bond markets and one that
goes a long way toward confirming hope that prices could hold their
ground at...
Thu, Nov 14 2013, 5:02 PM
Mortgage rates continued today
following the Janet Yellen's confirmation hearing before the Senate
Banking Committee. Yellen is the nominee to ...
Thu, Nov 14 2013, 5:01 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, Nov 13 2013, 12:27 PM
Even with Treasury auctions coming up at 1pm today and tomorrow,
bond markets are already pushing back against yesterday's weakness.
This is happ...
Wed, Nov 13 2013, 9:52 AM
Aside from not having to wear ties on Fridays, or even collared
shirts for that matter, the boys and girls over at Barclays have
released their 3 ...
Wed, Nov 13 2013, 8:40 AM
In
addition to releasing data on mortgage application activity for the week ended
November 8, the Mortgage Bankers Association (MBA) revised its num...
Wed, Nov 13 2013, 8:10 AM
What are we to make of yesterday? Here we were, ready for more pain
after the strong jobs report and nearly two full weeks of preceding
pain. Bu...
Wed, Nov 13 2013, 5:11 PM
Mortgage rates fell today ,
erasing yesterday's weakness in many cases. There were no significant
events in the morning, but bond markets had al...
Wed, Nov 13 2013, 5:09 PM
Janet Yellen's prepared remarks for tomorrow's confirmation hearing
were released at 4:30pm today. While there was little reason to expect
a sign...
Wed, Nov 13 2013, 2:25 PM
Primary-Secondary Spread is the difference between an average mortgage interest rate and a representative yield
on newly issued agency mortgage-...
Tue, Nov 12 2013, 12:58 PM
The
national mortgage delinquency rate was down by nearly a quarter in the June-September
period compared to the third quarter of 2012, marking the ...
Tue, Nov 12 2013, 12:50 PM
Homeowners have saved an estimated $22.9
Billion in mortgage payments through the Home Affordable Modification Program
(HAMP) since it began in 20...
Tue, Nov 12 2013, 12:06 PM
Bond markets were weaker overnight. 10yr yields began the Asian
hours just under 2.77 and made one anemic move to 2.755 before failing
to break t...
Tue, Nov 12 2013, 10:35 AM
Credit availability improved in October following
two months in which the Mortgage Bankers Association's (MBA) Mortgage Credit
Availability Index ...
Tue, Nov 12 2013, 10:32 AM
The new president of the National
Association of Realtors® (NAR) called on policymakers to making housing a
priority and make the decisions necess...
Tue, Nov 12 2013, 10:21 AM
Generally speaking, home values are going up, and we receive plenty
of statistics every month slicing and dicing sales and values. The
latest is f...
Tue, Nov 12 2013, 7:50 AM
The past two weeks have done all kinds of "bad stuff" to bond
markets. Not only did interest rates return to the gates of the outer
gates of thei...
Tue, Nov 12 2013, 4:38 PM
Mortgage rates rose slightly today ,
extending the losses suffered after Friday's strong employment data.
There was no new reason for rates to m...
Tue, Nov 12 2013, 4:30 PM
Treasuries were able to hold sideways without going much higher than
2.78. While this isn't as threatening as the 2.79's, there was a
notable ave...
Tue, Nov 12 2013, 4:06 PM
Borrowers continued the conservative approach
to refinancing they have exhibited since the housing crisis during the third
quarter of 2013. Freddie...
Tue, Nov 12 2013, 1:01 PM
Freddie Mac has signed a risk sharing
agreement with Arch Reinsurance Ltd. Which will cover up to $77.4 million in
possible credit losses from a...
Mon, Nov 11 2013, 11:48 AM
Here in Texas, how can anyone go through Waco without visiting the
Dr. Pepper Museum? For you sales folks, 10AM and 2PM and two are low
points in ...
Fri, Nov 8 2013, 11:54 AM
Today's trading has turned out to be exceedingly straightforward.
Bonds approached in a neutral stance--right in the middle of their
2-month rang...
