Wed, Aug 21 2013, 11:29 AM
The overnight session was shockingly docile for Treasuries, with 10yr
yields staying super-glued to the 2.81-2.84 range before entering
domestic s...
Wed, Aug 21 2013, 11:19 AM
Sales of existing home increased
strongly in July and median home prices are now nearing their pre-crash peak National
Association of Realtors® (N...
Wed, Aug 21 2013, 11:05 AM
There is a lot of continued controversy and focus over the various
compensation plans for loan officers and regulatory audits. Obviously,
these c...
Wed, Aug 21 2013, 9:25 AM
Applications for refinancing fell again
during the week ended August 16 the Mortgage Bankers Association (MBA) said
today. MBA' Refinancing Index, ...
Wed, Aug 21 2013, 7:00 AM
After The first two days of the week offered a fairly large sell-off and
an equally large rally for bond markets--all against the backdrop of NO da...
Wed, Aug 21 2013, 5:15 PM
Mortgage rates rose moderately
following today's release of Minutes from the July 31st FOMC Meeting.
There was no meaningful new information,...
Wed, Aug 21 2013, 4:54 PM
The best thing that bond markets (and stocks too, for that matter)
could have hoped for from today's FOMC Minutes would have been a
fractured Fed ...
Wed, Aug 21 2013, 4:14 PM
Ellie Mae said today that loans for refinancing
represented only 47 percent of loans originated in July, dropping from 51
percent in June and repr...
Wed, Aug 21 2013, 1:47 PM
Fannie Mae economists Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick said today that despite two downside risk factors
they see the economy ...
Tue, Aug 20 2013, 11:26 AM
Today's story is a fairly simple one. It relies on the prologue that
bond market momentum has been decidedly skewed toward the weak side for
at l...
Tue, Aug 20 2013, 10:20 AM
One can have a lot of fun with statistics. If I own one dog, and
adopt another, my dog population has gone up 100%. The same can be said
for the c...
Tue, Aug 20 2013, 7:06 AM
At least tomorrow morning there will be something substantive coming up
during the course of the day to discuss with anticipation. Until then,
we...
Tue, Aug 20 2013, 5:26 PM
Bond markets had a tremendously strong overnight session with solid
gains and big volume. Whether this had anything to do with the actual
events ...
Tue, Aug 20 2013, 3:42 PM
Mortgage rates moved lower today ,
recovering a good portion of yesterday's losses. There were no
significant economic events and much of the ...
Tue, Aug 20 2013, 1:53 PM
While
it is clear that the recovery of the housing markets is well underway, it is
all too easy to overlook that today's housing finance system has ...
Mon, Aug 19 2013, 11:24 AM
Against the backdrop of a silent data calendar, bond markets are on the
ropes. Both MBS and Treasuries have been grinding uncomfortably against
F...
Mon, Aug 19 2013, 10:07 AM
I am heading off to Indiana this morning, but still had time to catch
this OCC release about a company to cheat consumers who are trying to
rebuil...
Mon, Aug 19 2013, 7:29 AM
One of the most interesting things about last week was the phenomenon of
'status quo' data serving to inspire heavy selling in both stocks and
bon...
Mon, Aug 19 2013, 5:19 PM
Mortgage rates were convincingly higher today ,
continuing last week's move toward the levels not seen in over two
years. Those levels were re...
Mon, Aug 19 2013, 4:51 PM
Bond markets continued free-falling today, ostensibly searching for the
theoretical point at which a September 18th reduction in the Fed's asset
p...
Mon, Aug 19 2013, 4:18 PM
One of the first things a savvy home shopper does PRIOR to starting a
serious home search is to explore mortgage options. An experienced
realtor ...
Mon, Aug 19 2013, 2:05 PM
The financial crisis took its toll on Wall Street and Main Street
alike. Mistakes were made and bills went unpaid on both sides of the
fence, but...
Fri, Aug 16 2013, 10:28 AM
The pace of residential construction
was notably mixed across all three Census Bureau measures in
July, with the
issuance of permits, housing st...
Fri, Aug 16 2013, 10:14 AM
Hundreds of lenders across the nation are targeting purchase business. When was the last time refis accounted for less than 50% of MBA's weekly appl...
Fri, Aug 16 2013, 9:00 PM
The balance of this week's economic data was unequivocally "not enough"
to remove the stench of September tapering from MBS and Treasuries. It
wa...
Fri, Aug 16 2013, 7:20 AM
Yesterday's post was generally a warning against viewing 2.74 as a 'ceiling' in 10yr yields ( read it here ).
That gives us the opportunity to disc...
Fri, Aug 16 2013, 5:42 PM
Mortgage rates rose sharply again today , with best-execution up to 4.75 in
most cases, after another round of economic data failed to conv...
Fri, Aug 16 2013, 2:40 PM
Bank of America Merrill Lynch has
jumped full on into the debate over the future of Fannie Mae and
Freddie Mac (the GSEs). With a recent article ...
Fri, Aug 16 2013, 2:23 PM
Please note the timestamp on the pricing snapshot below. This mid-day
recap can occasionally be delayed if we're working on alerts and
interactio...
Fri, Aug 16 2013, 2:09 PM
Home sales in California surged by 17.3
percent in July DataQuick said today, rising from 41,027 sales of new
and existing houses in June to 48,11...
Thu, Aug 15 2013, 12:00 PM
Builder confidence has set another
recent benchmark, hitting the highest point on the National
Association of Home Builders (NAHB)/Wells Fargo Housi...
Thu, Aug 15 2013, 11:36 AM
Here is an interesting note I received from a capital markets VP in
Florida: "Rob, I have nicknamed my company's sales staff the 'If
only's.' It s...
Thu, Aug 15 2013, 11:14 AM
"While
foreclosures are continuing to boil over in a select group of markets
where state legislation and court rulings kept a lid on foreclosure
a...
Thu, Aug 15 2013, 7:14 AM
So far this week, Monday has shown us that bond markets were considering
getting back in the swing of things after a dull week past. Tuesday
conf...
Thu, Aug 15 2013, 5:12 PM
Mortgage rates rose sharply today ,
after the large batch of economic data did nothing to suggest the Fed
will move any slower to reduce their ...
Thu, Aug 15 2013, 4:54 PM
Bond markets continue to adhere to the notion that near term economic
data is fantastically important in honing in on a target date for
tapering. ...
Thu, Aug 15 2013, 4:16 PM
The Consumer Financial Protection
Bureau (CFPB) has released a set of exam procedures to assist
financial institutions and mortgage companies plan...
Thu, Aug 15 2013, 3:31 PM
CoreLogic's monthly Market Pulse
Molly Boesel looks at the influence interest rates, which have risen
by a little over 100 basis points from May t...
Thu, Aug 15 2013, 1:28 PM
In its August Economic and Housing
Market Outlook Freddie Mac celebrates, sort of, a birthday. It was
four years, at the end of June, since the rec...
Wed, Aug 14 2013, 12:38 PM
Today was well-scripted in the sense that it offered little by way of actionable data
compared to yesterday and tomorrow. Trading activity has been...
Wed, Aug 14 2013, 9:51 AM
Per the recent post regarding the STRATMOR Group's mid-year survey,
over 50 lenders have responded to the STRATMOR Survey on what actions
lenders ...
Wed, Aug 14 2013, 8:53 AM
Despite
lower interest rates the volume of loan applications decreased during
the week ended August 9 The Mortgage Bankers Association (MBA) said
...
Wed, Aug 14 2013, 7:15 AM
Yesterday's sell-off was a bit of wake-up call for anyone lulled into
a false sense of security by last week's tepidity or their crystal
ball's t...
Wed, Aug 14 2013, 4:56 PM
Mortgage rates leveled off today ,
after moving abruptly higher on Tuesday. Bond markets, including MBS
(the mortgage-backed-securities that m...
Wed, Aug 14 2013, 4:30 PM
In stark contrast to yesterday's session, volume and volatility were nowhere to be found today. MBS and Treasuries entered the domestic session right...
Wed, Aug 14 2013, 3:17 PM
In spite of a huge surge in auto loans,
Americans reduced their overall household debt by $78 billion during
the second quarter the Federal Reserve ...
Wed, Aug 14 2013, 2:51 PM
Even
as foreclosure activity wanes, homeowners continue to seek and obtain
loan modifications through HOPE NOW. The program announced today
that i...
Wed, Aug 14 2013, 1:53 PM
Four investor classes, foreign
investors, the Federal Reserve, fixed income funds, and banks, have
dominated the U.S. Treasury (UST) market in recen...
Tue, Aug 13 2013, 12:21 PM
Until the beginning
of the housing bust, distressed sales were only a small part of the
market and were discounted only in a modest and relatively s...
Tue, Aug 13 2013, 10:04 AM
They say that sensational headlines sell newspapers, but when
incorrect, the retraction shows up on page B3 at the bottom. In this
case, "Presiden...
