Tue, Aug 13 2013, 7:03 AM
Last week was one of those perfectly slow weeks that looked like it
would be slow ahead of time and didn't disappoint. It was also "Shark
Week" o...
Tue, Aug 13 2013, 4:35 PM
After maligning last week's lack of excitement, bond market bulls would
be happy to have it back after today's sell-off. We were expecting more
v...
Tue, Aug 13 2013, 3:09 PM
Mortgage rates were abruptly higher today ,
moving back toward the highs of the month and erasing most of the
improvements seen since the Emplo...
Tue, Aug 13 2013, 1:22 PM
Yesterday the California Association of
Realtors® (C.A.R.)
reported that home affordability in the state was falling rapidly.
Today the National...
Mon, Aug 12 2013, 11:57 AM
This morning's slowness was mostly to-be-expected. There's nothing on the calendar in terms of economic data until the afternoon and the report in qu...
Mon, Aug 12 2013, 9:30 AM
Periodically I am asked, "Do you know how many LOs there are in the nation? "
And folks periodically write and ask, "How many lenders are there in ...
Mon, Aug 12 2013, 7:29 AM
Coming off a week that was uneventful by any standard, the week ahead is notably different
in terms of its more robust economic data offerings. T...
Mon, Aug 12 2013, 5:03 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Mon, Aug 12 2013, 3:55 PM
Mortgage rates began the day in much better
shape compared to Friday's latest offerings, but market volatility in
the afternoon prompted most ...
Mon, Aug 12 2013, 2:35 PM
The affordability of California homes
is dropping rapidly as prices continue to soar and now higher
interest rates are compounding the problem. T...
Mon, Aug 12 2013, 2:15 PM
The Federal Reserve Bank of New York
has taken on a laudable and possibly herculean task - trying to
make its policies and operations understandable...
Fri, Aug 9 2013, 12:22 PM
Volume and volatility were exceptionally light in the overnight session
with Treasuries holding flat during Asian hours, rallying during European ho...
Fri, Aug 9 2013, 10:52 AM
Approximately
43,000 newly constructed homes were purchased in July, the Mortgage
Bankers Association (MBA) said today. MBA based its estimate on
...
Fri, Aug 9 2013, 9:57 AM
Those in the lending industry are more concerned with the future, but
we (along with the public, regulators, Congress, and so on) continue to
be r...
Fri, Aug 9 2013, 7:50 AM
Last night was Class A Settlement for MBS--aka " the roll ." If
the roll causes any confusion (pretty normal), try thinking of it like
an assembl...
Fri, Aug 9 2013, 5:14 PM
Nothing at all happened today. There were no significant market moving
events. Data didn't matter--or at least no one cared to trade it
today. ...
Fri, Aug 9 2013, 4:51 PM
Here's another weekly installment of Do's and Don't's for
prospective borrowers embarking on, or already engaged in the home mortgage
process. ...
Fri, Aug 9 2013, 3:21 PM
Mortgage rates moved lower for a third straight day ,
ending the week at their best levels. Rates are currently just shy of
July 23rd lows. W...
Fri, Aug 9 2013, 3:09 PM
The
Office of Inspector General (OIG) of the Federal Housing Finance
Agency (FHFA) has published an assessment of the Home Affordable
Refinance Pr...
Fri, Aug 9 2013, 1:00 PM
When
municipalities like San Bernardino County, California, Chicago,
Brockton, Massachusetts, and Richmond California first proposed using
their po...
Thu, Aug 8 2013, 12:53 PM
Bond markets were initially stronger in the overnight session. Then
they were weaker. Then they were stronger again. The net effect is
that a l...
Thu, Aug 8 2013, 10:46 AM
Republican members of the House Financial Services Committee
claimed leadership in the area of housing finance reform in the wake
of President Oba...
Thu, Aug 8 2013, 10:42 AM
Fannie
Mae reported this morning that it posted its sixth consecutive
quarterly profit in the second quarter of 2013 and will pay taxpayers
a $10....
Thu, Aug 8 2013, 9:56 AM
Watching loan officer ads is a full-time job. The Mortgage Bankers
Association of the Carolinas wrote up this compliance tidbit: "Are lenders requi...
Thu, Aug 8 2013, 7:44 AM
There are fewer and fewer ways to express that the broader themes in
bond markets are in place and that this week not only looked like an
opportun...
Thu, Aug 8 2013, 5:58 PM
The 9 th District U.S. Court
of Appeals in San Francisco may have opened the door for a rash of
lawsuits by homeowners who were not offered the p...
Thu, Aug 8 2013, 5:34 PM
Mortgage rates moved lower again today, hitting their best levels since July 23rd. That achievement is mostly a factor of what has been an extremely ...
Thu, Aug 8 2013, 4:47 PM
Today's 30yr Bond Auction managed to create a few small spikes higher and lower in rates this afternoon before
the long end of the yield curve settl...
Thu, Aug 8 2013, 1:32 PM
Distressed
loans fell to the lowest level in five years during the second
quarter the Mortgage Bankers Association (MBA) said today. Both
delinq...
Wed, Aug 7 2013, 12:47 PM
There is little to be observed about this morning's trading that hasn't
already been seen in the first two days of the week. 10yr yields and
MBS ...
Wed, Aug 7 2013, 12:04 PM
Freddie
Mac has again reported strong quarterly financial results with net
income in the second quarter of 2013 coming in at $5.0 billion, $0.6
bi...
Wed, Aug 7 2013, 11:31 AM
Consumers appear to take for granted
that mortgage interest rates are going to rise. Only 5 percent of
respondents to the July National Housing ...
Wed, Aug 7 2013, 10:54 AM
President
Barack Obama, speaking to an audience in Phoenix yesterday, tied his
proposal reforming the U.S. housing system to both his on-going theme...
Wed, Aug 7 2013, 10:15 AM
Reverse mortgages are alive and kind of well. HUD and Congress want
them to be weller. Before it took off for a month of R&R, Congress
authorized ...
Wed, Aug 7 2013, 8:49 AM
The
summer doldrums prevailed during the week ended August 6 with
mortgage activity barely stirring compared to the previous week and
interest rate...
Wed, Aug 7 2013, 7:43 AM
Yesterday's Trade Deficit numbers played something of a similar role to
Monday's ISM data in that they stood as a traditionally important piece
of...
Wed, Aug 7 2013, 5:38 PM
The week continues to be every bit as riveting as expected, which is to
say it's not-at-all riveting. At least today's version of
inconsequential...
Wed, Aug 7 2013, 4:48 PM
Mortgage rates moved slightly lower today, taking them to their best levels since last Tuesday. Rate movements have generally been very small over th...
Wed, Aug 7 2013, 4:20 PM
Freddie Mac fired a warning shot in the
direction of the City of Richmond California today, threatening to
sue if the city moves forward with its ...
Tue, Aug 6 2013, 12:33 PM
In the context of Friday's movement, today is just another day spent
drifting sideways in the post-payrolls range. But if we look just at
yesterd...
Tue, Aug 6 2013, 10:11 AM
"What is the difference between ' Secondary Marketing ' and ' Capital Markets '?
I keep hearing the two terms used interchangeably. Is the Secondary...
Tue, Aug 6 2013, 9:33 AM
President Barack Obama will spotlight
his vision for the future of the U.S. Housing system in a speech this
afternoon in Phoenix. While few detai...
Tue, Aug 6 2013, 7:13 AM
Limited economic data is the theme of the whole week and if not for the
Treasury auction cycle, bond markets would scarcely have a reason to
show ...
Tue, Aug 6 2013, 5:24 PM
There was a time (and may be again) where markets cared about the
International Trade report. Economic Calendars of various shapes and
sizes rout...
Tue, Aug 6 2013, 4:35 PM
Mortgage rates were flat again today, making
this the 7th day out of the past 9 with almost no movement. This week,
the lack of movement is e...
Tue, Aug 6 2013, 4:34 PM
Bank of American (BOA) was charged
along with two of its subsidiaries on Tuesday with defrauding
investors who bought residential mortgage-backed s...
Tue, Aug 6 2013, 2:18 PM
Mortgage delinquency data released by
TransUnion today show that mortgage delinquencies are plummeting nationally. The rate of borrowers 60
days ...
Tue, Aug 6 2013, 2:09 PM
The list of 'Improving Markets"
compiled by the National Association of Home Builders (NAHB) and
First American Title declined by eight in August t...
Tue, Aug 6 2013, 1:38 PM
Housing prices increased by what the
Chief Economist for CoreLogic called " a remarkable 10 percent "
in the first six months of 2013, the company...
Mon, Aug 5 2013, 11:02 AM
The
headline news from the Lender Processing Services (LPS) Mortgage
Monitor Report for June, that
early mortgage delinquencies had surged 10 pe...
