Thu, Oct 3 2013, 10:34 AM
Vampire REOs and Zombie Foreclosures
star in a brief report issues by RealtyTrac this morning. These " Monsters of the Housing Market ," the
compan...
Thu, Oct 3 2013, 9:54 AM
Craig B. sent this one in, discovered when doing some research on
prepaid interest: "Prepaid interest is interest that you pay in advance.
Prepaid...
Thu, Oct 3 2013, 8:20 AM
At least a few pundits yesterday said directly or alluded to the
notion--in not so many words--that the Fed didn't matter as much this
week becaus...
Thu, Oct 3 2013, 5:01 PM
Mortgage rates were relatively unchanged again today, marking
the 5th day in a row near current levels. If there's a bias, it has
been modest...
Thu, Oct 3 2013, 4:52 PM
Of all the times that a government shutdown could take the monthly
jobs report offline, this week may have been one of most challenging to
deal wi...
Thu, Oct 3 2013, 3:50 PM
The following is an economic "case" made by Treasury for the dangers
associated with the debt ceiling brinksmanship. While they do admit
that the...
Thu, Oct 3 2013, 1:52 PM
With the government shutdown now in its third day
and the debt ceiling deadline looming there are increasing signs that some financial
players are g...
Wed, Oct 2 2013, 12:18 PM
Bond markets traded reasonably well overnight, improving at first, but
giving up ground as the domestic session got underway. By 8am, MBS and
Tre...
Wed, Oct 2 2013, 10:18 AM
Freddie Mac has tentatively settled
three more claims with financial institutions over representations and
warranties related to single family loa...
Wed, Oct 2 2013, 9:57 AM
Anthony Bird, owner of Michigan's Riverbank Finance , writes, "I have done some research regarding the shutdown and how it will affect government age...
Wed, Oct 2 2013, 9:20 AM
Even though mortgage interest rates decreased again,
the Mortgage Bankers Association's (MBA's) Market Composite Index continued to
see-saw, falling...
Wed, Oct 2 2013, 4:59 PM
Mortgage rates were flat to slightly lower today, depending
on the lender. Taken together with the previous three days, it would
be more than...
Wed, Oct 2 2013, 4:50 PM
Bond markets began the day relatively close to Tuesday's latest
levels and were soon in rally mode owing to the weaker-than-expected ADP
Employmen...
Wed, Oct 2 2013, 1:37 AM
Weeks that contain the Employment Situation Report (NFP) are
supposed to be all about NFP. Yet here we are in the midst of a
government shutdow...
Tue, Oct 1 2013, 11:59 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Tue, Oct 1 2013, 11:30 AM
Home prices continued to increase in August, but the breakneck
pace of earlier months moderated a bit CoreLogic said today. Its Home Price Index (H...
Tue, Oct 1 2013, 10:20 AM
What is bothersome for many CEOs, as we enter the 4 th
quarter, is profitability - or lack thereof. I received this note from
the CEO of a reside...
Tue, Oct 1 2013, 7:01 AM
The day is young, but at midnight eastern, we have no Shutdown
resolution and the Senate is ostensibly out until 930am ET. Overnight
markets gree...
Tue, Oct 1 2013, 5:05 PM
Mortgage rates were flat to slightly higher today, depending
on the lender. Overall, rates are still very close to their best
levels since Ju...
Tue, Oct 1 2013, 4:39 PM
Bond markets were ready to take short term guidance from the
"government shutdown" resolution or lack thereof. This has been far
from a primary m...
Tue, Oct 1 2013, 1:59 PM
Fannie Mae's Total Book of Business
finished the month of August with a balance of $3.167 trillion and a compound
annual growth rate of (0.8) percen...
Tue, Oct 1 2013, 1:07 PM
Freddie Mac wants its customers and business
partners to know they are open for business and largely unaffected by the
government shutdown. Despite...
Mon, Sep 30 2013, 12:48 PM
Another definition of Qualified Mortgage
(QM) was rolled out for comment today.
This one, proposed by the Department of Housing and Urban Develop...
Mon, Sep 30 2013, 12:38 PM
While the real estate market has
been bubbling, Robert J. Shiller doesn't think we are in a real estate bubble. At least not yet . Shiller who, al...
Mon, Sep 30 2013, 12:24 PM
Bond markets started the day in slightly stronger territory though
remained in line with Friday's latest levels. Overnight events were
supportive...
Mon, Sep 30 2013, 10:47 AM
"Rob, I attended a seminar last week, and one of the speakers
mentioned something called 'Freddith Mae'. Ever heard of that?" Nope -
either I'm ou...
Mon, Sep 30 2013, 7:17 AM
A lot about how the week shapes up depends on what happens by
midnight tonight with respect to the 'government shutdown.' The
government agency r...
Mon, Sep 30 2013, 6:45 PM
Mortgage rates rose very slightly today for
the first time in 3 weeks. The difference in rate sheets compared to
Friday's latest was minimal,...
Mon, Sep 30 2013, 4:50 PM
In the context of the nearly month-long rally in place since Sep
6th, today's MBS movements were more volatile than average. Fannie
3.5s started...
Fri, Sep 27 2013, 12:34 PM
MBS began the day in an unassuming stance. Treasuries had just
rallied sharply in the overnight session with 10's moving from 2.67 to
under 2.63,...
Fri, Sep 27 2013, 10:24 AM
Although she is blind, Justice never sleeps, and any company's management who thinks it can skirt the Bank Secrecy Act might
be in for a rude awak...
Fri, Sep 27 2013, 8:29 AM
Last week's FOMC statement and all that's followed have acted the part of Occam's Razor
in reducing the ifs and thens of bond market movement to p...
Fri, Sep 27 2013, 5:36 PM
The trading day is essentially over and MBS are heading out 3 ticks
higher than the levels reported in the last alert. This is enough to
obviate ...
Fri, Sep 27 2013, 4:29 PM
Mortgage rates fell noticeably today, keeping
alive an impressive streak of 13 days without higher rates. Three out
of those 13 have been 'un...
Fri, Sep 27 2013, 2:03 PM
Commercial and multi-family mortgage
debt increased by $24.5 billion in the second quarter of 2013, with $10.9
billion of that being debt in the m...
Fri, Sep 27 2013, 1:26 PM
The Federal Housing Administration
(FHA) notified Congress this morning that, as had been rumored earlier in the
week, it will need to draw on its b...
Thu, Sep 26 2013, 12:56 PM
MBS opened just a tick under yesterday's latest levels and have
mostly moved weaker from there. Treasuries similarly started the day
just above y...
Thu, Sep 26 2013, 11:02 AM
As the National Association of Realtors®
(NAR) said it had anticipated, pending home sales eased in August falling what
may have been accelerated ac...
Thu, Sep 26 2013, 10:49 AM
The pre-foreclosure or "shadow inventory," that is
homes that are in the process of foreclosure, has fallen by over a third since
August of 2012 t...
Thu, Sep 26 2013, 10:42 AM
Does anyone really retire anymore? Most seem to adapt to re-careers,
heading off to other pursuits. But still plenty of U.S. citizens retire,
and ...
Thu, Sep 26 2013, 10:22 AM
Reuters and the Wall Street Journal are both reporting that the Department of
Housing and Urban Development (HUD) and its Federal Housing Administr...
Thu, Sep 26 2013, 8:00 AM
In a similar vein to yesterday's outlook, we're still on guard against
any potential jolts from stronger data. Anything else, however, is
friendl...
Thu, Sep 26 2013, 5:39 PM
Foreclosure starts in the
second quarter of 2013 were down to half the level of a year earlier the Office
of Comptroller of the Currency (OCC) said ...
Thu, Sep 26 2013, 5:21 PM
Freddie Mac's total mortgage portfolio
ended August with a principal balance of $1.93 trillion. This represented a 5.0 percent reduction from
the...
Thu, Sep 26 2013, 5:10 PM
Bond markets were slightly weaker heading into today's session and
extended the weakness by very small steps after the day's meaningful
events. T...
Thu, Sep 26 2013, 3:47 PM
Mortgage rates were unchanged today, keeping
them in line with the lowest levels in over three months. This is the
12th business day in a row...
Thu, Sep 26 2013, 1:04 AM
Distressed homes accounted for 25
percent of residential home sales in August, up 2 percentage points from
July. RealtyTrac, in its August U.S. ...
Wed, Sep 25 2013, 12:23 PM
Bond markets came into the domestic session in slightly weaker
territory, carrying some negative momentum from European hours. Volumes
were low, ...
Wed, Sep 25 2013, 11:28 AM
New home sales turned upward in August after an especially
poor showing in July, though remain well off levels from the first half of the year. Th...
Wed, Sep 25 2013, 10:45 AM
Incidents of mortgage
application fraud identified in the second quarter were less likely to be
property related and more likely to be tied to in...
