Thu, Aug 29 2013, 12:17 PM
It's been an interesting morning so far for bond markets, even if
it's ultimately to be inconsequential. Indeed, the message is being
sent that m...
Thu, Aug 29 2013, 11:47 AM
Freddie Mac's Total Loan Portfolio now has an outstanding
balance of $1.94 trillion dollars. The
balance at the end of July represents a reduction...
Thu, Aug 29 2013, 11:37 AM
RealtyTrac, which has historically reported
on the distressed home market, has now widened the focus of its U.S. Residential and Foreclosure Sales
...
Thu, Aug 29 2013, 11:26 AM
Completed foreclosures in July were down
25 percent from a year earlier CoreLogic said today. There were 49,000 completed foreclosures
during the...
Thu, Aug 29 2013, 9:55 AM
Affordability has a strong impact on homeownership. Not surprisingly,
per the NRA, I mean the NAR, four of five states with the lowest
homeownersh...
Thu, Aug 29 2013, 7:29 AM
Bond markets have increasingly shown their hand regarding Syria-related headlines and their ability to influence a flight-to-safety
(where stock p...
Thu, Aug 29 2013, 5:44 PM
When Michael Harnett talks about long term strategy, markets listen. Why? He is Mr. " Great Rotation ,"
the strategy that--In
October 2012--predi...
Thu, Aug 29 2013, 5:31 PM
Michael Fleming, Vice President, Research and Statistics Group of the
Federal Reserve Bank of New York (FRBNY) recently provided a tutorial on the
...
Thu, Aug 29 2013, 5:10 PM
Mortgage rates began the day in slightly higher territory, but most lenders adjusted rate sheets mid-day, bringing the average rate just below ye...
Thu, Aug 29 2013, 4:58 PM
Essentially, nothing has changed since the mid day commentary. The
intro section there is the best recap of why today happened the way it
did. ...
Wed, Aug 28 2013, 11:44 AM
The recent reality for bond markets can be viewed in several ways.
We could consider the longer term trend toward higher rates or the more
recent...
Wed, Aug 28 2013, 11:26 AM
The National Association of Realtors® (NAR)
blamed higher interest rates for the slipping home sales numbers reflected in its
pending home sales r...
Wed, Aug 28 2013, 10:53 AM
There are lots of training videos out there. But there aren't many 0%
down payment programs from the government - the USDA is about it. Here
is on...
Wed, Aug 28 2013, 8:41 AM
Refinancing activity fell again during
the week ended August 23, driving down the Mortgage Bankers Association's (MBA)
Market Composite Index, a mea...
Wed, Aug 28 2013, 7:11 AM
The mid-point of the week is acceptably plagued by
uncertainty. We can't really be sure which of the events on tap will
have the largest impact...
Wed, Aug 28 2013, 4:59 PM
Mortgage rates bounced higher today, moving back in line with Monday's levels. Conventional 30yr Fixed quotes for the most ideal scenarios ( be...
Wed, Aug 28 2013, 4:55 PM
When equities markets made a big "risk-off" move on Monday afternoon
after Kerry's Syria speech, it was plain to see that bond markets
weren't muc...
Wed, Aug 28 2013, 2:10 PM
A recent entry in the Liberty Street Economics blog
of the Federal Reserve Bank of New York (FYBNY), compared the recent decline in
Treasury yields ...
Wed, Aug 28 2013, 1:35 PM
In a sudden departure from
earlier actions, regulators today proposed two contradictory new approaches for
defining Qualified Residential Mortgage...
Tue, Aug 27 2013, 12:52 PM
The growth in home prices nationally
accelerated in the second quarter. The
S&P/Case-Shiller Home Price Index, which covers all nine U.S. census di...
Tue, Aug 27 2013, 12:35 PM
As the morning update below notes, bond markets couldn't help but get
involved with the global flight-to-safety surrounding the turmoil in
Syria. ...
Tue, Aug 27 2013, 10:00 AM
I am spending some time in Kansas, and some of the discussion is about
how hiring is so much more interesting and fun than eliminating staff.
Obvi...
Tue, Aug 27 2013, 9:46 AM
Delinquency rates and incidence of properties in foreclosure
fell again in July, Lender Processing Services (LPS) reports, but more than 4.5
millio...
Tue, Aug 27 2013, 7:02 AM
The week got off to an interesting but pleasant start for bond
markets with MBS ending the day 3/8ths of a point higher than Friday's
close. Almo...
Tue, Aug 27 2013, 6:14 PM
Mortgage rates hit their lowest levels in nearly two weeks today . Conventional 30yr Fixed quotes for the most ideal scenarios ( best-execution ...
Tue, Aug 27 2013, 4:52 PM
MBS and Treasuries are both near their best levels after a day that
has
been almost exclusively positive thanks to the flight-to-safety
associat...
Mon, Aug 26 2013, 12:33 PM
All four sectors of commercial real estate continue to experience growth, but at different rates, the
National Association of Realtors® (NAR) said to...
Mon, Aug 26 2013, 11:52 AM
So far today, we've seen one of the quietest, least-offensive post-data
rallies in recent memory. The overnight session set the stage for a
quiet...
Mon, Aug 26 2013, 11:37 AM
Home prices
keep edging closer to pre-crash price levels and today's Home Price Index
report from Lender Processing Services (LPS) indicates that na...
Mon, Aug 26 2013, 9:42 AM
Here is an e-mail from Gary B. up in Washington: "Rob, I work for a mortgage bank, and we'd heard that that LOs have to be fingerprinted every three ...
Mon, Aug 26 2013, 6:58 AM
The week ahead is very different from the week past. Fed speakers
will be out in greater numbers and economic data arrives in abundance.
Top tha...
Mon, Aug 26 2013, 5:15 PM
Mortgage rates continued lower today
after a weaker-than-expected economic report this morning from the
manufacturing sector. Not only does w...
Mon, Aug 26 2013, 5:02 PM
This morning's weaker-than-expected Durable Goods numbers started the
day off positively for MBS and Treasuries. MBS especially were solid
all da...
Sat, Aug 24 2013, 3:55 PM
With so much going on in the lending, banking, and real estate business, let's take a look at some thoughts from readers across the nation " in the tr...
Fri, Aug 23 2013, 11:29 AM
While there was a normal amount of overnight trading and volatility,
none of it really matters considering bond markets were near unchanged
levels...
Fri, Aug 23 2013, 11:00 AM
New home sales in July were at the lowest level in nine
months the Census Bureau and Department of Housing and Urban Development said
this morning...
Fri, Aug 23 2013, 10:42 AM
When S&P downgraded the United States (remember that?), it did
absolutely nothing to Treasury rates, and certainly didn't seem to
motivate Congres...
Fri, Aug 23 2013, 5:25 PM
Mortgage rates shot significantly lower today
after the New Home Sales report showed far fewer executed purchases
contracts than expected for ...
Fri, Aug 23 2013, 4:52 PM
Weaker-than-expected New Home Sales data threw bond markets for a
loop today. There was essentially no data on tap this whole week, with
the exce...
Fri, Aug 23 2013, 4:42 PM
In January 2013 the Federal Housing Finance Agency, conservator of Fannie
Mae approved a settlement between Fannie Mae and Bank of America in the amo...
Fri, Aug 23 2013, 4:16 PM
Many mortgage servicers are still doing
a poor job with record keeping , payment processing and other basic services a
report issued by the Consume...
Fri, Aug 23 2013, 1:22 AM
I once read that if the title of an article is phrased in the form of
a question that the answer is "no"--something to do with an author
that's no...
Thu, Aug 22 2013, 12:59 PM
Home prices continued their strong two year-long national trajectory
by increasing 2.1 percent in the second quarter and 0.7 percent from May to
Jun...
Thu, Aug 22 2013, 11:26 AM
MBS are in slightly positive territory for now, but advancing to
anything more triumphant has proven quite challenging so far. Fannie
4.0s saw th...
Thu, Aug 22 2013, 11:01 AM
Many parents of young adults grapple with the, "Do we help little Sage buy a home, or let him rent?" question. The Wall Street Journal reports 37% ...
Thu, Aug 22 2013, 9:04 AM
Wells Fargo Bank confirmed on Wednesday
that it will be laying off about 20 percent of its mortgage production staff
because of a drop in its refi...
Thu, Aug 22 2013, 7:37 AM
What would an uneventful reaction to today's Jobless Claims data tell
us? Quite a lot actually. Considering that last week's Claims data
was the...
Thu, Aug 22 2013, 5:31 PM
Mortgage rates were higher again today ,
extending yesterday's movement following the FOMC Minutes. This
morning's Jobless Claims report showe...
Thu, Aug 22 2013, 4:51 PM
Looking at today's trading activity in MBS in the context of recent
movement gives the impression that it was the sideways (but potentially
suppor...
Thu, Aug 22 2013, 4:12 PM
Distressed sales have plunged in
the last year, the California Association of Realtors® (C.A.R.) said today, and
are now at only about half of the l...
