Tue, Sep 10 2013, 1:19 PM
While they don't agree on the numbers or use the same timeframes, the
two reports on underwater mortgages released in the last week do conclude that
...
Mon, Sep 9 2013, 12:15 PM
Treasuries were strong and steady overnight, building the sense
that Friday afternoon's weakness was more a factor of investors pulling
up stake f...
Mon, Sep 9 2013, 10:39 AM
Fannie Mae said today that results of
its monthly National Housing Survey shows that Americans are aware of and
following trends in the housing ma...
Mon, Sep 9 2013, 10:28 AM
The Mortgage Bankers Association (MBA)
reported the first drop in its new Mortgage Credit Availability Index (MCAI) since
it became publicly avail...
Mon, Sep 9 2013, 10:08 AM
We're all watching the residential lending industry change, although
in Saturday's commentary I noted several bank mergers from recent weeks.
Whet...
Mon, Sep 9 2013, 6:37 AM
After Friday's Employment Situation Report posed just as many questions as it cleared up, we now move on to the countdown for the next watershed even...
Mon, Sep 9 2013, 5:06 PM
Mortgage rates continued lower today, further
undoing much of the damage caused by last week's run to the highest
levels in over 2 years. Fri...
Mon, Sep 9 2013, 4:25 PM
There's very little to observe and even less to conclude about the day
of MBS trading so far. Fannie 4.0s have held within 2 ticks of 102-24
sinc...
Mon, Sep 9 2013, 1:32 PM
A senior Freddie Mac executive
suggested today that policymakers consider his company's model for securitizing
multifamily loans as they grapple wit...
Mon, Sep 9 2013, 1:22 PM
The list of improving housing markets
maintained by the National Association of Home Builders (NAHB) and First
American Title Insurance Company appe...
Fri, Sep 6 2013, 11:39 AM
If you've ever willingly sought and and enjoyed vanilla ice cream,
then you're already familiar with the flavor of today's bond market
rally. The...
Fri, Sep 6 2013, 9:04 AM
"Are LOs liable for their comp plans?" Yes they are. This commentary discussed this topic over a month ago, yet I still hear stories about a company ...
Fri, Sep 6 2013, 7:35 AM
Today we will receive long-awaited data that does more than anything
else to confirm or reject the notion of September tapering than anything
else...
Fri, Sep 6 2013, 6:33 PM
Mortgage rates fell appreciably today, erasing
most of yesterday's move higher. On most any other day, this would be
welcome development, but...
Fri, Sep 6 2013, 5:25 PM
Treasuries and MBS were coming off a rough day heading into this
morning's Employment Situation Report. 10yr yields hit their highest
levels and ...
Thu, Sep 5 2013, 12:56 PM
Another city has flirted briefly with
the idea of using eminent domain as a tool to help resolve a severe housing
crisis. The North Las Vegas, Ne...
Thu, Sep 5 2013, 12:37 PM
This risk that today's session would bring a pre-NFP "lead off" in
the event of stronger data is coming to nauseating fruition before our
eyes. 1...
Thu, Sep 5 2013, 10:41 AM
Almost a quarter of U.S. homeowners with
a mortgage are still underwater after the rapid plunge of house prices that
started in 2007, however more...
Thu, Sep 5 2013, 10:16 AM
On Saturday we'll have an exciting anniversary: on 9/7/08 Treasury
Secretary Hank Paulson announced a plan where the government took
control of Fa...
Thu, Sep 5 2013, 8:02 PM
There's little left to say about today that hasn't already been said in the earlier MBS MID-DAY .
As that post notes, seeing bond markets take a "l...
Thu, Sep 5 2013, 7:49 AM
Since the methodology change, 7 out of 9 reports have accurately
predicted the direction of movement in the official private payrolls
tally from...
Thu, Sep 5 2013, 6:40 PM
Mortgage rates leaped to new 2-Yr highs today ,
after strong economic data increased the chances that tomorrow's
all-important jobs report woul...
Thu, Sep 5 2013, 2:54 PM
Across the country, investors are
taking advantage of the nation's foreclosure crisis to purchase homes at
bargain prices, often beating out potent...
Wed, Sep 4 2013, 12:06 PM
A new groups billing itself as an
AARP for homeowners has announced it is accepting members. The group, America's Homeowner Alliance , says
its ai...
Wed, Sep 4 2013, 12:02 PM
Overnight markets were relatively uneventful with moderate weakness for
Treasuries during Asian hours and a slight recovery during European
hours....
Wed, Sep 4 2013, 10:59 AM
New guidance effecting the Federal
Housing Administration's (FHA's) Home Equity Conversion Mortgage (HECM)
program, often referred to as reverse mo...
Wed, Sep 4 2013, 10:15 AM
I know it is already Wednesday, but here is something labeled " The Monday Map "
which shows some interesting trends in personal incomes among the
...
Wed, Sep 4 2013, 8:45 AM
After weeks of declining numbers, slightly lower
interest rates apparently spurred a modest bounce in applications for mortgage refinancing. The M...
Wed, Sep 4 2013, 6:38 AM
Typically, the Wednesday before an NFP Friday would bring ADP Private
Payrolls at 8:15am, but due to the holiday-shortened week, ADP will now
arri...
Wed, Sep 4 2013, 5:13 PM
Mortgage rates moved higher again today ,
making it one of the three worst days of the year for rates. The rate
with the most efficient combin...
Wed, Sep 4 2013, 4:49 PM
A recent entry in the NY Fed's Liberty Street Economics blog makes a
compelling case for the role of Consumer Confidence in forecasting labor
mark...
Wed, Sep 4 2013, 4:32 PM
Focusing too closely on the events and market movements of this
single session could make for challenging and unsatisfying analysis.
Instead, if ...
Wed, Sep 4 2013, 3:30 PM
Builders are encountering a shortage of
buildable lots the National Association of Home Builders (NAHB) said today; a lack
of lots that is particu...
Wed, Sep 4 2013, 2:19 PM
Delinquency rates for commercial and multifamily
mortgages loans improved in the second quarter of 2013 across all of the major
groups that invest...
Tue, Sep 3 2013, 12:29 PM
Even before this morning's economic data, bond markets were in
weaker territory as the US played catch up to the rest of the world's
Monday tradin...
Tue, Sep 3 2013, 10:59 AM
Home
prices jumped by 1.8 percent nationally during the month of July. CoreLogic reported that values on its Home
Price Index (HPI) which exclud...
Tue, Sep 3 2013, 9:49 AM
August was not a pleasant month for many lenders, and September may
not be much better. Sure, volumes are down, and staffing is down in most
shops...
Tue, Sep 3 2013, 9:30 AM
The size of Fannie Mae's Gross Mortgage
Portfolio dropped in July by the largest percentage in at least two years, falling
from an ending balance ...
Tue, Sep 3 2013, 8:22 AM
As certainty of the Fed's intent to reduce asset purchases at the September meeting has waxed and waned (and waxed again), one thing
has remained ...
Tue, Sep 3 2013, 4:36 PM
Construction contributed nearly a
trillion dollars to the U.S. economy on a seasonally adjusted annualized basis
in July, an increase of 0.6 percent...
Tue, Sep 3 2013, 4:30 PM
The first day back after Labor Day weekend offered a bit of excitement
with bond markets on the ropes right from the start. This was primarily
a ...
Tue, Sep 3 2013, 3:13 PM
Mortgage rates moved up to their highest levels since August 22nd today. moving sideways on average. 30yr Fixed rates for the most ideal scenario...
Tue, Sep 3 2013, 1:07 PM
Rising interest rates had apparently not
heavily affected prepayment activity and thus, by inference, refinancing
through July Lender Processing S...
Fri, Aug 30 2013, 12:12 PM
Mortgage loan profits tumbled by 14
percent in the second quarter of 2013 the Mortgage Bankers Association (MBA) said
on Friday. Independent mort...
Fri, Aug 30 2013, 11:19 AM
Bond markets were flat for most of the overnight session before weakening in tandem with late European data and early domestic trading. 10yr yields w...
Fri, Aug 30 2013, 10:52 AM
Radian announced it has entered into an agreement with Freddie Mac
on a pool of delinquent loans which eliminates credit risk on 9,756
delinque...
Fri, Aug 30 2013, 5:41 AM
For more reasons than meet the eye, the 3-day Labor Day weekend
coming up is the most relevant near term consideration for markets.
There are oth...
Fri, Aug 30 2013, 3:20 PM
The Center for Responsible
Lending (CRL) estimates that between 2007 and 2012 some 12.5 million homes in
America have been put into the process of f...
Fri, Aug 30 2013, 2:56 PM
In the spirit of a day where many market participants are leaving
early, here's an sneak preview of a recent MBS Live update that would
normally a...
Fri, Aug 30 2013, 1:44 PM
Mortgage rates had an uneventful day ,
moving sideways on average. Some lenders were almost perfectly
unchanged, while others were slightly hi...
