Mon, Oct 7 2013, 12:21 PM
The National Association of Home Builders (NAHB) and First
American Title Insurance Company today unveiled a new measure of housing market
health ,...
Mon, Oct 7 2013, 9:26 AM
This is exciting - kind of like a WWII movie, where things are sent
via code. (No foot tapping jokes please!) In this case, our government's
weath...
Mon, Oct 7 2013, 7:44 AM
Uncertainty and paralysis were the themes that pervaded last week.
Those are likely to continue for bond markets as long as the shutdown
persists...
Mon, Oct 7 2013, 5:32 PM
There are several different iterations of "Shutdown Limbo," they're
all essentially the same dance at the end of the day, especially this
one! Re...
Mon, Oct 7 2013, 4:52 PM
Mortgage rates were mixed but flat on
average, though they began the day in stronger territory. This
morning's rates sheets were the best in ...
Mon, Oct 7 2013, 3:25 PM
Three areas drew the focus of the Lender Processing Services
(LPS) August Mortgage Monitor released today: prepayment activity and
refinance ...
Mon, Oct 7 2013, 2:22 PM
Fannie Mae said today that consumer
responses to its monthly National Housing Survey may have been tempered in
September by growing concern about ...
Mon, Oct 7 2013, 1:55 PM
The week has begun in the same sideways fashion that dominated the
entirety of last week. 10yr yields continue to orbit around 2.615,
moving more...
Fri, Oct 4 2013, 10:26 AM
According to a release from Citi, the bank will pay Freddie Mac
$395 million, all of which is covered by its existing mortgage
repurchase rese...
Fri, Oct 4 2013, 9:53 AM
The federal payroll report, eagerly
awaited on the first Friday of each month, will not be available today or for
the foreseeable future. The Bureau...
Fri, Oct 4 2013, 7:53 AM
Yesterday was very telling in 2 important ways. First of all, it
confirmed that no one knows what the heck they're going to do until they
get the...
Fri, Oct 4 2013, 5:13 PM
Mortgage rates were slightly higher today, but remained well within the extremely narrow range that dominated the week. Conforming, 30yr fixed ...
Fri, Oct 4 2013, 5:06 PM
If we take every price from every minute of MBS trading so far in
October, the average Fannie 3.5 price is 101-26, precisely where it's
coasting o...
Fri, Oct 4 2013, 4:14 PM
Lenders have had three days to
digest Tuesday's partial Federal government shutdown, and while loan processing
has been affected, the impact has no...
Fri, Oct 4 2013, 1:14 PM
Sometimes there are a lot of headlines and events to discuss, but
this isn't one of those times. There's nothing new or meaningful to add
beyond ...
Thu, Oct 3 2013, 12:20 PM
While he anticipates that the current
government shutdown will be short-lived, Moody Analytics Chief Economist Mark
Zandi said yesterday that "If ...
Thu, Oct 3 2013, 12:01 PM
ISM's Non-Manufacturing Index has always been a relevant market
mover, but especially so during in recent months. Today's rivals
yesterday's ADP ...
Thu, Oct 3 2013, 10:34 AM
Vampire REOs and Zombie Foreclosures
star in a brief report issues by RealtyTrac this morning. These " Monsters of the Housing Market ," the
compan...
Thu, Oct 3 2013, 9:54 AM
Craig B. sent this one in, discovered when doing some research on
prepaid interest: "Prepaid interest is interest that you pay in advance.
Prepaid...
Thu, Oct 3 2013, 8:20 AM
At least a few pundits yesterday said directly or alluded to the
notion--in not so many words--that the Fed didn't matter as much this
week becaus...
Thu, Oct 3 2013, 5:01 PM
Mortgage rates were relatively unchanged again today, marking
the 5th day in a row near current levels. If there's a bias, it has
been modest...
Thu, Oct 3 2013, 4:52 PM
Of all the times that a government shutdown could take the monthly
jobs report offline, this week may have been one of most challenging to
deal wi...
Thu, Oct 3 2013, 3:50 PM
The following is an economic "case" made by Treasury for the dangers
associated with the debt ceiling brinksmanship. While they do admit
that the...
Thu, Oct 3 2013, 1:52 PM
With the government shutdown now in its third day
and the debt ceiling deadline looming there are increasing signs that some financial
players are g...
Wed, Oct 2 2013, 12:18 PM
Bond markets traded reasonably well overnight, improving at first, but
giving up ground as the domestic session got underway. By 8am, MBS and
Tre...
Wed, Oct 2 2013, 10:18 AM
Freddie Mac has tentatively settled
three more claims with financial institutions over representations and
warranties related to single family loa...
Wed, Oct 2 2013, 9:57 AM
Anthony Bird, owner of Michigan's Riverbank Finance , writes, "I have done some research regarding the shutdown and how it will affect government age...
Wed, Oct 2 2013, 9:20 AM
Even though mortgage interest rates decreased again,
the Mortgage Bankers Association's (MBA's) Market Composite Index continued to
see-saw, falling...
Wed, Oct 2 2013, 4:59 PM
Mortgage rates were flat to slightly lower today, depending
on the lender. Taken together with the previous three days, it would
be more than...
Wed, Oct 2 2013, 4:50 PM
Bond markets began the day relatively close to Tuesday's latest
levels and were soon in rally mode owing to the weaker-than-expected ADP
Employmen...
Wed, Oct 2 2013, 1:37 AM
Weeks that contain the Employment Situation Report (NFP) are
supposed to be all about NFP. Yet here we are in the midst of a
government shutdow...
Tue, Oct 1 2013, 11:59 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Tue, Oct 1 2013, 11:30 AM
Home prices continued to increase in August, but the breakneck
pace of earlier months moderated a bit CoreLogic said today. Its Home Price Index (H...
Tue, Oct 1 2013, 10:20 AM
What is bothersome for many CEOs, as we enter the 4 th
quarter, is profitability - or lack thereof. I received this note from
the CEO of a reside...
Tue, Oct 1 2013, 7:01 AM
The day is young, but at midnight eastern, we have no Shutdown
resolution and the Senate is ostensibly out until 930am ET. Overnight
markets gree...
Tue, Oct 1 2013, 5:05 PM
Mortgage rates were flat to slightly higher today, depending
on the lender. Overall, rates are still very close to their best
levels since Ju...
Tue, Oct 1 2013, 4:39 PM
Bond markets were ready to take short term guidance from the
"government shutdown" resolution or lack thereof. This has been far
from a primary m...
Tue, Oct 1 2013, 1:59 PM
Fannie Mae's Total Book of Business
finished the month of August with a balance of $3.167 trillion and a compound
annual growth rate of (0.8) percen...
Tue, Oct 1 2013, 1:07 PM
Freddie Mac wants its customers and business
partners to know they are open for business and largely unaffected by the
government shutdown. Despite...
Mon, Sep 30 2013, 12:48 PM
Another definition of Qualified Mortgage
(QM) was rolled out for comment today.
This one, proposed by the Department of Housing and Urban Develop...
Mon, Sep 30 2013, 12:38 PM
While the real estate market has
been bubbling, Robert J. Shiller doesn't think we are in a real estate bubble. At least not yet . Shiller who, al...
Mon, Sep 30 2013, 12:24 PM
Bond markets started the day in slightly stronger territory though
remained in line with Friday's latest levels. Overnight events were
supportive...
Mon, Sep 30 2013, 10:47 AM
"Rob, I attended a seminar last week, and one of the speakers
mentioned something called 'Freddith Mae'. Ever heard of that?" Nope -
either I'm ou...
Mon, Sep 30 2013, 7:17 AM
A lot about how the week shapes up depends on what happens by
midnight tonight with respect to the 'government shutdown.' The
government agency r...
Mon, Sep 30 2013, 6:45 PM
Mortgage rates rose very slightly today for
the first time in 3 weeks. The difference in rate sheets compared to
Friday's latest was minimal,...
Mon, Sep 30 2013, 4:50 PM
In the context of the nearly month-long rally in place since Sep
6th, today's MBS movements were more volatile than average. Fannie
3.5s started...
Fri, Sep 27 2013, 12:34 PM
MBS began the day in an unassuming stance. Treasuries had just
rallied sharply in the overnight session with 10's moving from 2.67 to
under 2.63,...
Fri, Sep 27 2013, 10:24 AM
Although she is blind, Justice never sleeps, and any company's management who thinks it can skirt the Bank Secrecy Act might
be in for a rude awak...
Fri, Sep 27 2013, 8:29 AM
Last week's FOMC statement and all that's followed have acted the part of Occam's Razor
in reducing the ifs and thens of bond market movement to p...
Fri, Sep 27 2013, 5:36 PM
The trading day is essentially over and MBS are heading out 3 ticks
higher than the levels reported in the last alert. This is enough to
obviate ...
