Thu, Oct 31 2013, 11:20 AM
America's housing inventory is aging and
that perhaps could present an opportunity for bargain-hunting homeowners. RealtyTrac's Aging Homes Analy...
Thu, Oct 31 2013, 10:29 AM
I am 100% positive that this announcement is not the last one like it we'll see in the next several months, if not days. " SunTrust Mortgage to Exit B...
Thu, Oct 31 2013, 6:21 PM
The past two days have been quite something for MBS markets--not in
any meaningful way, but certainly frustrating. Reason being: BOTH days
have o...
Thu, Oct 31 2013, 5:23 PM
After 5 straight days of almost no change on average, mortgage rates finally made a move today. Unfortunately,
it wasn't in the direction tha...
Thu, Oct 31 2013, 3:12 PM
The National Association of Realtors®
(NAR) added its comments to those of other housing groups about a re-proposed definition
of qualified resident...
Thu, Oct 31 2013, 3:09 PM
The Senate Banking Committee held a hearing
on Thursday on the preferred structure of any government guarantee of
mortgage-backed securities (MBA). ...
Thu, Oct 31 2013, 1:13 AM
A quick note about yesterday: The post-FOMC sell-off surprised many
market-watchers. It was a bit surprising at first, but less so when
taking a ...
Wed, Oct 30 2013, 12:59 PM
It's time to play "Build Your Own Fed Statement" It's
easy to win, just choose your favorite answers from the bold options.
Information re...
Wed, Oct 30 2013, 12:19 PM
The Senate Banking Committee heard from six witnesses on Tuesday on the
topic of " Housing Finance Reform: Essentials of a Functioning Housing Financ...
Wed, Oct 30 2013, 12:10 PM
Overnight trading deposited bond markets in just slightly better
territory to start the domestic session. Right off the bat, the ADP
employment n...
Wed, Oct 30 2013, 10:29 AM
I had a chance to meet some very good folks here at the MBA
conference in Washington DC - there are some genuinely good people in
this industry. T...
Wed, Oct 30 2013, 9:01 AM
There was a big jump in the volume of
applications for mortgage refinancing last week as customers reacted to the
lowest interest rates since earl...
Wed, Oct 30 2013, 7:49 AM
Is the collection of data and events today finally enough to break
the recent monotony in bond market trading levels? Or will we be
waiting until...
Wed, Oct 30 2013, 4:59 PM
Nearly half of the homes sold so far
this year in California went for more than their asking price . Such sales usually result from so-called "...
Wed, Oct 30 2013, 4:31 PM
MBS Live : MBS Afternoon Market Summary
Bond markets were pushing the boundaries of their best recent levels this morning, and that trend c...
Wed, Oct 30 2013, 3:28 PM
Mortgage rates began the day lower, with
several lenders releasing their best rate sheets in nearly 5 months.
The day progressed well in the se...
Wed, Oct 30 2013, 3:06 PM
At an afternoon press conference on Wednesday
Secretary of Housing and Urban Development Shaun Donovan and Gene Sperling,
Director of the National E...
Wed, Oct 30 2013, 2:02 PM
Information received since the Federal Open Market Committee met in
September generally suggests that economic activity has continued to
expand at...
Wed, Oct 30 2013, 1:44 PM
The Mortgage Bankers Association (MBA)
issued a statement today urging the Senate to confirm a new director of the
Federal Housing Finance Agency (F...
Tue, Oct 29 2013, 11:55 AM
For the second day, Fannie 3.5s are demonstrating an uncanny
ability to remain inside the the highs and lows established on Friday.
Given that th...
Tue, Oct 29 2013, 10:59 AM
Both the
10-City and 20-City S&P-Case-Shiller Home Price Indices gained 1.3 percent
in August to values of 175.8 and 164.53 respectively. These i...
Tue, Oct 29 2013, 9:44 AM
Of the 45 educational sessions here at the MBA conference, 87 of them
have to do with QM. (No, that is not a misprint.) If you have to ask
the per...
Tue, Oct 29 2013, 7:33 AM
From the standpoint of trading levels, yesterday was meaningless.
Both Treasuries and MBS remained inside the ranges set by Friday's highs
and lo...
Tue, Oct 29 2013, 4:28 PM
Today's bond market activity was similar to yesterday's in the
sense that prices and yields continue to trade in clearly-defined and
exceptionally...
Tue, Oct 29 2013, 3:55 PM
Mortgage rates continued flying their recent holding pattern just over 4 percent.
Most lenders' rate sheets were essentially unchanged compare...
Tue, Oct 29 2013, 3:03 PM
It didn't attract a lot of notice at the time, but a speech last Wednesday
by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray ap...
Tue, Oct 29 2013, 1:38 PM
The Mortgage Bankers Association (MBA) might
not have been smiling as it prepared the economic forecast for 2014 it handed
out today. The associatio...
Mon, Oct 28 2013, 12:07 PM
Access to the credit needed to drive this economy
is being stifled by government decisions that are an overreaction to events of
five years ago, ...
Mon, Oct 28 2013, 11:31 AM
Bond markets began the day in moderately weaker territory. Overnight
Treasuries remained in a narrow range but like MBS, moved to the day's
weake...
Mon, Oct 28 2013, 10:16 AM
Contracts for home purchases declined
for the fourth consecutive month the National Association of Realtors® (NAR)
said today. NAR's Pending Home...
Mon, Oct 28 2013, 9:34 AM
The Federal Housing Finance Agency (FHFA
has released details about its portion of the $13 billion settlement with JP
Morgan Chase (JPM) announced l...
Mon, Oct 28 2013, 9:09 AM
I probably use about 5% of
my fancy phone's capacities, and barely know how to get to e-mail, the
internet, and YouTube on my computer. But walkin...
Mon, Oct 28 2013, 7:02 AM
Despite the fact that last week saw the return of the critically important
Employment Situation report, this will be the week where the majority
...
Mon, Oct 28 2013, 4:55 PM
The most interesting thing about today was how extraordinarily quiet
it was. We would expect MBS space to be a relative ghost town with the
MBA c...
Mon, Oct 28 2013, 4:00 PM
Mortgage rates stayed in line with
recent 4-month lows today. In some cases, there was a slight movement
in the closing costs associated with...
Mon, Oct 28 2013, 3:19 PM
The acting
director of the Federal Housing Finance Agency (FHFA) discussed the future of
the government sponsored enterprises Freddie Mac and Fannie...
Mon, Oct 28 2013, 1:35 PM
Home prices ticked up a modest 0.4 percent in August Lender
Processing Services (LPS) said today. The company's Home Price Index
(HPI) based on...
Fri, Oct 25 2013, 12:12 PM
It's been another uneventful session so far with trading levels for MBS
and Treasuries both holding inside yesterday's ranges. Treasuries were
sl...
Fri, Oct 25 2013, 10:28 AM
While not
directly acknowledging the protests that have come from both the public and
private sectors about his decision to unilaterally lower loan ...
Fri, Oct 25 2013, 9:43 AM
The FHFA announced that Fannie/Freddie loan limits will not be reduced for at least six months
and any such reduction will occur after a six-month...
Fri, Oct 25 2013, 4:36 PM
Mortgage rates held steady
yet again, ending their second week of significant improvement and
contributing to what may soon be the first 2-mon...
Fri, Oct 25 2013, 4:26 PM
Today was a boring day in bond
markets. Volume was low. Trading ranges held inside previous days'
trading ranges. Benchmarks ended the week per...
Fri, Oct 25 2013, 4:03 PM
While it seems counterintuitive, could higher home prices lead an increase
in home sales? Two Federal Reserve Bank
of San Francisco senior economis...
Fri, Oct 25 2013, 1:32 PM
Savvy entrepreneurs or established organizations
have little to fear from the new qualified mortgage (QM) and Ability-to-Repay
(ATR) regulations abo...
Fri, Oct 25 2013, 1:06 PM
The Mortgage Bankers Association responded on Thursday to the re-proposed
Risk Retention rule submitted for comment by six regulatory agencies last
...
Fri, Oct 25 2013, 1:02 AM
Here's essentially where we're at... Bond markets came to a
crossroads on 9/18 and chose a friendlier path for those who enjoy
stable-to-higher b...
Thu, Oct 24 2013, 12:34 PM
Builders
who remodel residential properties are seeing continued activity in their
segment of the homebuilding market the National Association of Ho...
Thu, Oct 24 2013, 12:28 PM
Bond markets haven't had much to go on since Tuesday's jobs report
inspired a decisive move to the best levels in months. This morning was
no exc...
Thu, Oct 24 2013, 10:57 AM
A federal grand jury found the former Countrywide
Financial and one of its executives guilty of mortgage fraud on Wednesday in a
whistle-blower gene...
Thu, Oct 24 2013, 9:50 AM
There was a substantial increase in
September in the purchasing activity of what it called institutional investors
RealtyTrac said today. Persons...
