Wed, Sep 25 2013, 10:29 AM
I didn't make it to the gym today. That makes five years in a row.
Speaking of five years, WAMU 's failure - the largest
commercial bank failur...
Wed, Sep 25 2013, 9:19 AM
Applications for both refinancing and
home purchase increased last week as mortgage interest rates retreated. The Mortgage Bankers Association (MB...
Wed, Sep 25 2013, 7:23 AM
Today
- Focus is on Durable Goods and New Home Sales in the AM.
- Either one could help reinforce a pause in the rally if stronger than expec...
Wed, Sep 25 2013, 5:42 PM
Coming out of last week's FOMC Announcement, it seemed almost too simple
to conclude that this it marked a solid opportunity for rates to stop
c...
Wed, Sep 25 2013, 4:02 PM
Mortgage rates fell to new 3-Month lows today. That makes this the 11th straight day where rates have held steady or moved lower. Conforming, 30...
Tue, Sep 24 2013, 12:36 PM
Fannie 4.0s are trading in territory not seen since we passed it on
the way down back on June 19th. Today's gains have been slow and
steady, once...
Tue, Sep 24 2013, 11:03 AM
Indices released
by two of the leading sources of home price information this morning confirm
the continued growth of home values in the U.S., at...
Tue, Sep 24 2013, 10:49 AM
Given the change in the MBA's logo, David Frase writes, "I love the
new MBa logo! It emphasizes the loss of 'capital' experienced by our
industry...
Tue, Sep 24 2013, 7:14 AM
To be fair to Monday, there wasn't much by way of 'drama' detectable
in trading levels. After some early gyrations, MBS were generally
moving hig...
Tue, Sep 24 2013, 6:36 PM
MBS hit 3-month highs today--levels not seen since we crashed into
them at the end of the day on June 19th. Fannie 4.0s made highs at
104-16 the ...
Tue, Sep 24 2013, 4:03 PM
Mortgage rates were lower yet again, making
for an astonishing 10th consecutive day without rates moving higher.
In the 13 days of rate sheet...
Tue, Sep 24 2013, 2:29 PM
There
are " Four Ds " that plague consumers, the Director of the Consumer Financial
Protection Bureau told an audience of Bankers on Tuesday; decep...
Mon, Sep 23 2013, 12:23 PM
Feeling
that they may have reached only about half of the families who could benefit
from the program, the Federal Housing Finance Agency (FHFA) ...
Mon, Sep 23 2013, 12:07 PM
The week got off to an expectedly slow start in terms of volume and volatility, with prices holding
near Friday's latest levels for the first few ho...
Mon, Sep 23 2013, 11:11 AM
As usual, we have some keen insights and observations about the residential lending biz worth sharing (along with vendor, agency, and investor updates...
Mon, Sep 23 2013, 10:22 AM
Phew! It turns out that the acronym for the Mortgage Bankers Association (of America) remains "MBA." MBa is just its logo .
Here is an interesting...
Mon, Sep 23 2013, 7:56 AM
Monday is the quietest day of the week in terms of scheduled economic
reports, though we will get several Fed speakers and second-tier
manufacturi...
Mon, Sep 23 2013, 5:14 PM
Mortgage rates continued lower today, bringing
rates in line with the lowest levels seen during the past 4 months
(officially, 6-week lows as ...
Mon, Sep 23 2013, 5:03 PM
Like
closed sales which were reported last week, pending real estate sales in
California dropped in August while distressed home sales were down...
Mon, Sep 23 2013, 4:40 PM
Several lenders were out with improved rate sheets this afternoon, as reported in real time by MBS Live
members. The underlying strength making su...
Mon, Sep 23 2013, 4:17 PM
A national law firm which frequently
analyzes actions either coming from or having an impact on the Consumer
Financial Protection Agency raised ques...
Mon, Sep 23 2013, 2:15 PM
Lender Processing Services (LPS) Home
Price Index (HPI) rose 0.6 percent in July compared to June. The index has increased 7.5 percent since the
...
Fri, Sep 20 2013, 10:18 AM
Whereas the National Association of Realtors has managed to have
everyone capitalize the job of their members (Realtor), the MBA (which
years ago ...
Fri, Sep 20 2013, 7:48 AM
Thinking about bond market trading levels in the context of "battle"
is fun. Analogies make technical concepts easier. So here's a brief
battle ...
Fri, Sep 20 2013, 4:53 PM
When we talk about consolidation, we're generally talking about MBS
Prices or interest rates moving counter, in some way, to a larger or
longer-te...
Fri, Sep 20 2013, 3:45 PM
Mortgage rates held steady today, keeping
them in line with the lowest levels seen since early August, and very
close to the lowest levels sin...
Fri, Sep 20 2013, 1:59 PM
The
National Association of Realtors ® (NAR) sent a strongly worded letter to Edward J. DeMarco , Acting
Director of the Federal Housing Finance A...
Fri, Sep 20 2013, 1:55 PM
On Thursday the Federal Housing Finance
Agency (FHFA) released the first Quarterly
Performance Report of the Housing GSEs. The
report summarizes...
Fri, Sep 20 2013, 1:37 PM
The number of companies licensed through
the National Mortgage Licensing System (NMLS) declined by 2.1 percent from the
second quarter of 2012 to ...
Fri, Sep 20 2013, 1:07 PM
With nothing on the calendar but Fed speakers and being a " quadruple witching "
day, we stood a chance to see some volatility this morning. So far...
Thu, Sep 19 2013, 12:22 PM
Existing home sales reached a six-and-a
half year peak in August, increasing 1.7 percent to a seasonally adjusted
annual rate of 5.48 million unit...
Thu, Sep 19 2013, 12:19 PM
It's been an interesting session so far. MBS came in the door in
line with yesterday's latest levels, digested an oddly flavored Jobless
Claims r...
Thu, Sep 19 2013, 11:01 AM
Welcome to "Talk Like a Pirate Day" , even held in Minnesota where I am heading today. Of course, 3.14159...% of sailors are Pi Rates .
Let's face...
Thu, Sep 19 2013, 7:24 PM
There's a decent enough chance that if you didn't know what happened
yesterday, today's weakness would be just as frustrating as any other
weaknes...
Thu, Sep 19 2013, 6:56 AM
Yesterday rocked, plain and simple. A dichotomy had arisen between
the ostensible course of Fed policy and it's increasingly clear impact.
In ot...
Thu, Sep 19 2013, 5:19 PM
Mortgage rates moved moderately lower on
average today. Not all lenders improved, but most did. Those who were
in similar or higher territor...
Thu, Sep 19 2013, 3:36 PM
There was sharp disagreement among participants in at least
one panel at a forum on the future of housing sponsored by the National
Association of...
Thu, Sep 19 2013, 2:01 PM
The Consumer Financial Protection Bureau
( CFPB ) announced new tools yesterday that will help consumers further explore the Home
Mortgage Disclosu...
Wed, Sep 18 2013, 12:53 PM
Information collected in 2012 through
the Home Mortgage Disclosure Act (HMDA) was released today by the Federal
Financial Institutions Examination C...
Wed, Sep 18 2013, 12:48 PM
Ellie Mae reported today that the refinancing share
of loans has dropped 15 percentage points since rates first began to escalate
in May. The com...
Wed, Sep 18 2013, 12:44 PM
MBS and Treasuries are now back in to their best levels of the day
(pricing snapshot below is taken just after 11am, but we've improved
since then...
Wed, Sep 18 2013, 12:25 PM
Parsing the Fed is everyone's
favorite game, so before the Fed wraps its sixth meeting of 2013 this
afternoon, it's time to play "Build Your Own Fed...
Wed, Sep 18 2013, 10:57 AM
Building permits for the construction of
new privately owned residential units fell 3.8 percent in August to a
seasonally adjusted annual rate of 9...
Wed, Sep 18 2013, 10:07 AM
The industry is moving toward more acceptance of non-QM loans .
The CFPB will be the first to admit that just because a loan is not QM
doesn't me...
Wed, Sep 18 2013, 8:44 AM
Mortgage applications rallied
last week from the week ended September 6 in which applications were down 13.5
percent and refinancing applications f...
Wed, Sep 18 2013, 8:29 AM
There are two kinds of market watchers in the world: those who
believe the Fed plays the largest role in setting the pace of big
movement in bon...
Wed, Sep 18 2013, 5:34 PM
Mortgage rates surged lower today following the long-awaited policy announcement from the Federal Reserve. Conforming, 30yr Fixed rates fell to ...
Wed, Sep 18 2013, 5:03 PM
A "facemelter" is a long-standing MBS Live term for a gigantic rally
in MBS prices. The Fed caused one today by flipping the script on
market exp...
Wed, Sep 18 2013, 2:09 PM
Information received since the Federal Open Market Committee met
in July suggests that economic activity has been expanding at a moderate
pace. So...
Tue, Sep 17 2013, 12:56 PM
As it did following the devastation of Hurricane
Sandy, Freddie Mac has made the full menu of its mortgage relief policies available
to borrowers ...
