Fri, Nov 8 2013, 9:58 AM
In this video , Wells Fargo voices its stance on the upcoming changes.
The CFPB
gave renewed reason for many lenders to contemplate taking their...
Fri, Nov 8 2013, 4:57 PM
Government Shutdowns come and go (and may come again), but our more
constant companion since May has been the ongoing trial of Fed Asset
purchases...
Fri, Nov 8 2013, 3:46 PM
The Consumer Financial Protection Agency reminded
lenders today of the requirement, starting January 10 , to provide consumers
with a list of homeo...
Fri, Nov 8 2013, 2:52 PM
Mortgage rates shot dramatically higher after
today's long-awaited Employment Situation Report (also referred to as
"NFP" to save space and beca...
Fri, Nov 8 2013, 1:37 AM
These sorts of NFP days are few and far between. In fact, we may not
see a similar example for decades--maybe longer. That sounds exciting,
but ...
Thu, Nov 7 2013, 12:54 PM
The overnight session was uneventful until the ECB announced a
somewhat surprising rate cut at 7:45am New York time. Both stocks and
bonds benefi...
Thu, Nov 7 2013, 9:46 AM
No, I am not talking about the Castle & Cooke/CFPB situation,
expected to be positively resolved any day now. No, I am talking about
that not only...
Thu, Nov 7 2013, 7:44 AM
Yesterday, we held out the possibility of something interesting
happening due to the Fed papers making rounds. Nothing interesting
happened. Tha...
Thu, Nov 7 2013, 4:36 PM
Mortgage rates were flat to marginally lower today. The mortgage-backed-securities (MBS) that most directly inform
lenders' rate sheets were surp...
Thu, Nov 7 2013, 4:28 PM
For all the data and events digested by bond markets today, trading
levels managed to stay fairly calm and to seek out the neutrality of
recent ra...
Thu, Nov 7 2013, 4:00 PM
Housing affordability is on a prolonged
downhill slide in California, falling for the sixth time in the third quarter
of 2013. As measured by The...
Thu, Nov 7 2013, 2:52 PM
The October National Housing Survey was
conducted by Fannie Mae during a period that coincided with the federal
government shutdown and the debt c...
Thu, Nov 7 2013, 1:44 PM
Freddie Mac has priced its second
Structured Agency Credit Risk (STACR) offering.
The debt notes are priced at $630 million and follow its initial ...
Thu, Nov 7 2013, 1:32 PM
All four measures of distress in the
housing market dropped to post-crash lows during the third quarter of 2013 the
Mortgage Bankers Association (MB...
Thu, Nov 7 2013, 1:29 PM
Freddie Mac and Fannie Mae each
reported strong third quarter financial results today. For Freddie it was the eighth consecutive
profitable quarte...
Wed, Nov 6 2013, 12:50 PM
Amid today's lack of significant bond-market-specific events,
Treasuries and MBS have erased a moderate amount of yesterday's
weakness. The Leadi...
Wed, Nov 6 2013, 10:35 AM
As the industry waits for Nationstar's earnings call tomorrow, and
hoping all the rumors of this venture-capital-owned lender shutting down
a chan...
Wed, Nov 6 2013, 8:56 AM
The
Mortgage Bankers Association's (MBA) Refinancing Index lost most of the gains it
had made the previous week as applications for refinancing fe...
Wed, Nov 6 2013, 7:29 AM
Sizing up the day, there's nothing special about it in terms of data
or events. As such, it will be especially telling if we happen to see a
big ...
Wed, Nov 6 2013, 4:46 PM
The title of todays' recap, "narrowest trading range in 6 months,"
is the only thing interesting about today. Even on the approach, there
was not...
Wed, Nov 6 2013, 4:03 PM
Mortgage rates were relatively unchanged
today, after rising somewhat significantly in the past week.
Yesterday's rates were the highest since ...
Wed, Nov 6 2013, 2:58 PM
Home Prices continued higher for most of the metropolitan areas
examined in the most recent quarterly report by the National
Association of Realt...
Tue, Nov 5 2013, 12:53 PM
MND has published a number of
stories from the California Association of Realtors® and DataQuick about the
staggering home increases that have hit N...
Tue, Nov 5 2013, 12:45 PM
Today's ISM Non-Manufacturing data was the focal point of the first
three days of this week, and bond markets confirmed that well before it
was re...
Tue, Nov 5 2013, 12:09 PM
As promised last spring, the
Federal Housing Finance Agency (FHFA) has moved to rein in the relationship
between servicers and insurers providing fo...
Tue, Nov 5 2013, 12:01 PM
CoreLogic said today that its Home Price
Index (HPI) hit the highest level in September that it has reached since May
2008 , four months before wha...
Tue, Nov 5 2013, 10:37 AM
I like to say that last week's MBA conference was a compliance &
regulatory conference that happened to include some mortgage banking
information....
Tue, Nov 5 2013, 7:22 AM
Like its sister report last week, today's ISM Non-Manufacturing data doesn't always move markets, but also like
its sister report, it can cause fa...
Tue, Nov 5 2013, 5:06 PM
Homeowner and rental vacancy rates were essentially flat
during the third quarter of 2013. The
Census Bureau reported on Tuesday that the vacancy r...
Tue, Nov 5 2013, 4:46 PM
While there's still a bit of time left on the clock, MBS look
fairly likely to close at levels that make today the worst day of losses
in exactly ...
Tue, Nov 5 2013, 3:49 PM
Mortgage rates rose briskly
today, bringing them to their highest levels since the worst few days
of the government shutdown nearly 3 weeks ago....
Tue, Nov 5 2013, 2:00 PM
Some distressed homeowners in northern
California may have suffered a double whammy when their homes were foreclosed
the Department of Justice said ...
Mon, Nov 4 2013, 12:55 PM
One of the big worries in the
early days of the housing crises were the large numbers of adjustable rate
mortgages originated during the boom years ...
Mon, Nov 4 2013, 12:23 PM
The story so far today is one of modest correction from last week's
losses. To recap that last 3 weeks, bond markets approached their best
recent...
Mon, Nov 4 2013, 10:56 AM
The market share of first-time
homebuyers continued to decline this year, slipping one percentage point to 38
percent and down from the long-term ...
Mon, Nov 4 2013, 10:37 AM
Large financial institutions facing
their annual round of stress tests were given their scripts by regulators on
Friday. The tests are designed to
...
Mon, Nov 4 2013, 10:17 AM
A case that might have limited or at
least clarified a portion of the 1968 Fair Housing Act (FHA) has apparently
been settled before the Supreme Cou...
Mon, Nov 4 2013, 9:36 AM
The industry is hoping for some good news from Nationstar Thursday at 9AM EST, which announced last week that its 3 rd quarter earnings and busines...
Mon, Nov 4 2013, 7:04 AM
Only 2.5 weeks separates this week's Employment Situation Report one
from the last due to the government shutdown. The last jobs report
helped rat...
Mon, Nov 4 2013, 4:55 PM
Mortgage rates were mostly flat
today, though some lenders offered slightly improved rate sheets
compared to Friday afternoon. The improvements...
Mon, Nov 4 2013, 4:27 PM
Today was one of those characteristically "slow Mondays" in the way
only Mondays can be. It didn't help that Japan was out on Holiday (our
turn n...
Fri, Nov 1 2013, 12:46 PM
Two days, two ISM reports and both have done a good amount of
damage to bond markets. Yesterday's regional report from ISM Chicago
left trading l...
Fri, Nov 1 2013, 9:59 AM
Provident Funding, Stearns Lending, Fifth Third Mortgage, Flagstar
Bank, United Wholesale Mortgage, Nationstar Mortgage, New York Community
Bank, ...
Fri, Nov 1 2013, 7:23 AM
ISM Manufacturing and non-manufacturing are two of the most widely followed economic reports
and are key players in the ensemble of non-employment...
Fri, Nov 1 2013, 4:59 PM
Mortgage rates continued higher today ,
after breaking a very long, very flat streak following last week's jobs
numbers. Like yesterday, today's...
Fri, Nov 1 2013, 4:51 PM
This week saw a tentative prodding of range boundaries--both long
term and short term--following last week's Employment Situation Report.
Wednesd...
Fri, Nov 1 2013, 3:21 PM
According to sources speaking to Bloomberg , an agreement has been reached
between Wells Fargo Bank and the Federal Housing Finance Agency (FHFA) to...
Fri, Nov 1 2013, 1:34 PM
Despite statements of support from
housing advocates, industry trade groups, and the White House the Senate
yesterday refused to allow a vote on the...
Thu, Oct 31 2013, 12:27 PM
Bond markets began the day with promise. Technical support levels
managed to hold up overnight in Treasuries. MBS began the day in
positive terr...
Thu, Oct 31 2013, 11:58 AM
Completed foreclosures in September totaled
51,000 nationwide, down 39 percent from a year earlier when banks repossessed
84,000 homes. CoreLogic ...
