Wed, Oct 16 2013, 3:39 PM
Like other housing indicators covering
the summer's end, the one released today by DataQuick showed a gradually
slowing market. The San Diego bas...
Wed, Oct 16 2013, 2:39 PM
HOPE NOW
member servicers completed 67,000 loan modifications in August . There were
63,000 modifications completed in July so the August figures r...
Wed, Oct 16 2013, 2:13 PM
With the Census Bureau, like the rest of
the government, shut down and unable to release its usual economic data the
National Association of Home Bu...
Wed, Oct 16 2013, 1:59 PM
With the FNC Residential Price Index TM (RPI) levels for August home prices have climbed back
to December 2009 levels. But the index,
while it r...
Wed, Oct 16 2013, 1:21 PM
Treasuries and MBS have had varying reactions, at times, to fiscal
headlines. In one moment, bond markets may have weakened in response to
the pr...
Tue, Oct 15 2013, 12:25 PM
Bond markets began the day preemptively weakened by headlines out on Monday suggesting the Senate was working on a deal
that would fund the governme...
Tue, Oct 15 2013, 9:53 AM
Welcome to "National Aging in Place" Week (October 15-21). No, this
doesn't mean sitting in that 10-yr old office chair, slouched over your
comput...
Tue, Oct 15 2013, 7:17 AM
The week begins largely where the previous week left off: with bond markets seemingly scared
of any sort of debt-ceiling resolution. The move low...
Tue, Oct 15 2013, 5:22 PM
Mortgage rates rose moderately today,
bringing them to their highest levels since September 23rd. Though the
recent move higher has happened ...
Tue, Oct 15 2013, 5:07 PM
Bond markets began pouting even before they were open, according to
movement in Treasury futures during yesterday's bond market closure.
The nega...
Tue, Oct 15 2013, 4:14 PM
The Consumer Financial Protection
Bureau (CFPB) released a bulletin today in response to requests for further
clarification on three servicing ...
Tue, Oct 15 2013, 3:08 PM
There may be life in those old GSE bones yet. At least that is one
conclusion that can be drawn from an article in Bloomberg on Tuesday.
Writers...
Tue, Oct 15 2013, 1:26 PM
Periods of high risk and uncertainty greatly decrease the tendency to
"overdo" the typical reaction. During these times, bond market yields
alrea...
Fri, Oct 11 2013, 11:44 AM
Entities like title companies, real estate agencies, home inspection
services, etc. don't mind this statistic, but lenders sure do: the
National A...
Fri, Oct 11 2013, 7:37 AM
Well... The bulk of the prose-based commentary was just accidentally
divulged in the bullet points above. There's not much more to it
really. We...
Fri, Oct 11 2013, 6:34 PM
Bond markets came into the session on a stronger note. They looked
intent on bouncing back from yesterday's somewhat troubling weakness.
Everyth...
Fri, Oct 11 2013, 5:43 PM
Mortgage rates were flat today,
ending the week higher for the second Friday in a row after 3
exceptionally strong weeks in September. Some l...
Fri, Oct 11 2013, 5:10 PM
On November 16, Fannie Mae will implement scheduled changes to its
automated underwriting system (DU or "Desktop Underwriter"). DU is used
by len...
Fri, Oct 11 2013, 4:12 PM
Wells Fargo Bank reported record net income for the third quarter of $5.6
billion, a 13 percent increase from the same quarter in 2012 even though ...
Fri, Oct 11 2013, 2:25 PM
The life or death of the mortgage interest deduction (MID) is a perennial
Washington, DC soap opera. The prospect
of eliminating it is always on ...
Fri, Oct 11 2013, 1:16 PM
Please note that the pricing snapshot below is from earlier in the morning before
we got hit with mid-day weakness. Before that, bond markets came ...
Thu, Oct 10 2013, 12:58 PM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Thu, Oct 10 2013, 11:17 AM
Foreclosure activity in September was up
2 percent from August, RealtyTrac said today, but the third quarter saw the
lowest level of foreclosure...
Thu, Oct 10 2013, 10:51 AM
While applications for mortgages to
finance newly constructed homes fell slightly in September they continued to
increase in three large Sunbelt sta...
Thu, Oct 10 2013, 10:09 AM
"Ladies, if your guy says that he is going to fix something, he means
it. There is no need to remind him every six months." Hopefully the
governme...
Thu, Oct 10 2013, 4:46 PM
Mortgage rates were noticeably higher today despite
a late day rally that saw several lenders offer improved rate sheets.
That means that thi...
Thu, Oct 10 2013, 4:28 PM
Though somewhat of a hollow victory, bond markets improved after
today's strong 30yr bond auction. It was hollow in the sense that the
gains mere...
Thu, Oct 10 2013, 1:52 PM
Lending for multifamily housing in
buildings with five or more units increased by 33 percent in 2012 according to
the Mortgage Bankers Association...
Thu, Oct 10 2013, 1:47 PM
Fannie Mae checked off another box on
the Federal Housing Finance Agencies 2013 Conservatorship Scorecard by recently
signing an agreement for cred...
Thu, Oct 10 2013, 1:21 AM
Markets have clearly begun pricing in various levels of default risk
for the US. Sounds scary, but it's not the first time and it won't be
the la...
Wed, Oct 9 2013, 12:36 PM
Part of the explanation for today's movement lies in yesterday's
events. Notably, we saw the biggest spike yet in 1-month Treasury
Bills. This i...
Wed, Oct 9 2013, 10:51 AM
I have decided to take matters into my own hands. I am in the
Washington DC area today for the Mid-Atlantic Lender Conference, and I
plan on telli...
Wed, Oct 9 2013, 8:49 AM
The revival in refinancing applications
continued again last week as mortgage interest rates retreated again. The
Mortgage Bankers Association (...
Wed, Oct 9 2013, 6:51 AM
These are not normal times. While this could have been said at many
points since the onset of the financial crisis, they're perhaps even
more abn...
Wed, Oct 9 2013, 4:39 PM
Mortgage rates were unchanged today, the
the underlying mortgage-backed-securities (MBS) market was volatile.
MBS have the most direct effect...
Wed, Oct 9 2013, 4:32 PM
Bond markets began the day in roughly the same territory they
occupied at the end of yesterday. MBS prices had an artificial deficit
due to the r...
Wed, Oct 9 2013, 4:14 PM
Pressure appears to be building on the
Federal Housing Finance Agency's (FHFA) acting director to back down or at
least delay an intended reduction ...
Wed, Oct 9 2013, 3:08 PM
A new system
should incorporate several structural recommendations including a wholly-owned
government corporation functioning as a catastrophic gua...
Wed, Oct 9 2013, 1:00 PM
The White House has confirmed that President Obama
will announce his nomination of Janet Yellen to succeed Ben Bernanke as Chairperson
of the Federa...
Tue, Oct 8 2013, 12:37 PM
Referring to today's movements in MBS with the word "volatility" may
be a bit generous considering we haven't even traversed half of
yesterday's r...
Tue, Oct 8 2013, 11:27 AM
Freddie Mac has issued guidance to its
lenders and servicers in an effort to keep the mortgage market flowing during
the lengthening government shu...
Tue, Oct 8 2013, 9:46 AM
The Mortgage Bankers Association's (MBA)
Mortgage Credit Availability Index (MCAI) indicates that lending standards tightened
slightly for the sec...
Tue, Oct 8 2013, 9:40 AM
The new securitization platform envisioned in the Federal
Housing Finance Agency's (FHFA) Strategic
Plan for Freddie Mac and Fannie Mae has taken ...
Tue, Oct 8 2013, 9:38 AM
Freddie Mac and Fannie Mae have together completed nearly
3 million foreclosure prevention actions since being placed in conservatorship
in 2008 t...
Tue, Oct 8 2013, 9:37 AM
"All of the talk about lenders 'loosening' their requirements for IRS
transcripts. Lenders should remember that just because an investor or
aggreg...
Tue, Oct 8 2013, 6:52 AM
With the government shutdown ongoing, there continues to be a severe restriction
on relevant economic data. Unfortunately, "relevant economic dat...
Tue, Oct 8 2013, 5:46 PM
Home ownership is expected to be key to the California real estate market
over the next year. The 2014 California Housing
Market Forecast" released...
Tue, Oct 8 2013, 5:00 PM
Mortgage rates moved higher today, but remain in the range of recently lower levels that has persisted since late September. Conforming, 30yr f...
Tue, Oct 8 2013, 4:48 PM
Bond markets put on a clinic today, demonstrating just how intent they
are on doing absolutely nothing. It may not have seemed like much of a
fea...
Tue, Oct 8 2013, 1:26 PM
CoreLogic
said today that the shadow inventory or pending supply of homes at the end of
July consisted of 1.9 million homes with an approximate ma...
