Fri, Jul 26 2013, 7:04 AM
There are two things that traders may focus on today: Consumer Sentiment
data and Exit signs. That's not anything to do with exiting a trading
po...
Fri, Jul 26 2013, 5:25 PM
Mortgage rates improved today ,
capitalizing on friendly market movements that arrived too late in
yesterday's session to make it onto rate she...
Fri, Jul 26 2013, 4:55 PM
Let's be realistic about markets--bond markets anyway. Nothing happened
this week. Of course "nothing" sounds a bit dramatic, so let's qualify
t...
Fri, Jul 26 2013, 3:03 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, Jul 26 2013, 2:10 PM
Last week the Office of Inspector
General (OIG) of the Federal Housing Finance Agency (FHFA) issued a
report on FHFA's initiative to use guarantee f...
Thu, Jul 25 2013, 11:50 AM
Bond markets began the day in moderately weaker territory and have given
up ground steadily since then. The batch of morning economic data was a
...
Thu, Jul 25 2013, 10:40 AM
About
50 broadly diversified investors are participating in a $500 million
offering by Freddie Mac of Structured Agency
Credit Risk (STACR SM ) D...
Thu, Jul 25 2013, 10:21 AM
Lender Processing Services (LPD) will
be reporting a huge spike in the U.S. Loan delinquency rate when it
releases its Mortgage Monitor
for Jun...
Thu, Jul 25 2013, 9:50 AM
"America is the only country where a significant proportion of the
population believes that professional wrestling is real but the moon
landing wa...
Thu, Jul 25 2013, 7:07 AM
When you see the word " technically " in this blog, it's safe to
assume that it means "according to a strictly technical assessment of
market move...
Thu, Jul 25 2013, 5:53 PM
To be fair, the late rally actually only "further preserved" the
range-trade. The heavy lifting in that regard had already been
accomplished by s...
Thu, Jul 25 2013, 4:00 PM
Mortgage rates began the day moderately higher ,
but as market conditions improved most lenders released improved rate
sheets bringing offering...
Thu, Jul 25 2013, 2:43 PM
Freddie Mac reported today that its
total mortgage portfolio increased at an annualized rate of 0.5
percent in June. The portfolio balance at t...
Thu, Jul 25 2013, 2:36 PM
Reuters is reporting that federal
regulators are considering revamping some of their rules related to
the retained risk provisions of the Dodd-Fra...
Wed, Jul 24 2013, 11:01 AM
New home sales in June rose to a
seasonally adjusted rate of 497,000 units an increase of 8.3 percent
compared to sales in May. The June figure w...
Wed, Jul 24 2013, 10:53 AM
While
foreclosure starts in California bumped up slightly in the second
quarter, the number of homeowners entering foreclosure in that state
was ...
Wed, Jul 24 2013, 10:20 AM
It is hard to drive by a corner without seeing a gas station or a
bank these days. That doesn't mean banks are all huge, especially here
in Colora...
Wed, Jul 24 2013, 8:54 AM
Applications
for refinancing continued to fall during the week ended July 19 and,
according to the Mortgage Bankers Association (MBA) are now at t...
Wed, Jul 24 2013, 6:27 AM
Whereas Tuesday stood out on the calendar as the least significant
day of the week in terms of the scheduled data on tap combined with the
least i...
Wed, Jul 24 2013, 4:28 PM
Today's session has all the trappings of a good, old-fashioned wake-up call .
Here we've been drifting rather pleasantly into positive enough
te...
Wed, Jul 24 2013, 3:54 PM
Investors have played a major role in
California real estate since the financial crisis began and are
continuing to fuel the housing recovery in tha...
Wed, Jul 24 2013, 3:48 PM
Mortgage rates were higher again
today, but this time at the quickest pace in nearly two weeks. It was a
clear departure from the recent tren...
Wed, Jul 24 2013, 2:00 PM
Among topics covered in a report from
the Special Inspector General for the Troubled Asset Relief Program
(SIGTARP) issued today was a critical sum...
Wed, Jul 24 2013, 1:00 PM
In more than a few ways, the past 3-4 sessions have been far enough away from reality so as to be discounted with respect to their impact on the bigge...
Tue, Jul 23 2013, 12:50 PM
The bulk of the "story" of this morning is in the first update (at the
bottom of the "Morning Reprice Alerts and Updates" list below). The
moral ...
Tue, Jul 23 2013, 10:27 AM
Home prices rose on a month-over-month
basis for the 16 th consecutive month in May the Federal
Housing Finance Agency (FHFA) said today Prices...
Tue, Jul 23 2013, 10:10 AM
I want one of those jobs where people ask, "Do you actually get paid
for doing this?" Most folks involved in lending or real estate rarely
hear th...
Tue, Jul 23 2013, 7:24 AM
Yesterday's weekly opener
was all about how boring the week was likely to be for fundamental,
technical, and seasonal reasons alike. One down a...
Tue, Jul 23 2013, 5:14 PM
Mortgage rates bounced slightly higher
today, bringing them almost perfectly back in line with Friday's
levels. Trading conditions in the und...
Tue, Jul 23 2013, 4:59 PM
Bond markets improved into the noon hour and began giving up ground then. For Treasuries, that looked more like a "flattening out" process
whereas ...
Tue, Jul 23 2013, 3:38 PM
A Utah-based mortgage
company is being accused of paying its employees for steering
customers into higher priced mortgages. The Consumer Financia...
Tue, Jul 23 2013, 2:11 PM
The considerably
larger volume of loans in the foreclosure process in the judicial
states appears to be impeding home price recovery in those stat...
Mon, Jul 22 2013, 12:09 PM
After an inconsequential overnight session deposited domestic bond
markets at unchanged opening levels, MBS have managed to slowly and
steadily wo...
Mon, Jul 22 2013, 10:57 AM
Existing home sales dipped slightly in
June and May sales were revised down from previously reported levels
the National Association of Realtors®
(...
Mon, Jul 22 2013, 9:25 AM
We'll see a lot of housing news this week. Recently May 2013's, and
before that April's, national and regional prices showed continued
improvement...
Mon, Jul 22 2013, 6:59 AM
The past few weeks have made it look increasingly possible that bond
markets have already set the boundaries of trading ranges with the FOMC
event...
Mon, Jul 22 2013, 5:25 PM
The Treasury Department called attention to trends in "redefaults" among loans modified under the Home Affordable Modification Program
(HAMP) in a ...
Mon, Jul 22 2013, 5:06 PM
The "uneventful" nature of today's session looked to be in the cards as early as last week
when markets failed to muster any meaningful response to ...
Mon, Jul 22 2013, 4:14 PM
Mortgage rates were lower again
to begin the week as weaker-than-expected economic data helped rates
improve slightly in the morning. The ove...
Mon, Jul 22 2013, 3:23 PM
Representative
John Campbell (R-CA) has reintroduced the Defending American
Taxpayers From Abusive Government Takings Act he originally
sponsored...
Mon, Jul 22 2013, 1:51 PM
After a less-than-favorable reception at a hearing last Thursday, The House Financial
Services Committee (FSC) continues to campaign for the Prote...
Mon, Jul 22 2013, 1:35 PM
Fannie Mae said today in its July Economic and Strategic Report
that the view expressed in these reports since the first of this year
has not ch...
Fri, Jul 19 2013, 12:51 PM
The insignificance of this week of trading is being driven home
ferociously. Actually, it could be considered significant in the same
way that a ...
Fri, Jul 19 2013, 11:49 AM
The
House Financial Services Committee held a hearing Thursday on what is
called "discussion legislation" titled
A
Legislative Proposal to Pro...
Fri, Jul 19 2013, 10:16 AM
When my wife says, "I need to talk to you," every bad thing I've ever
done flashes before my eyes. All humor aside, at some stage of the
game, poi...
Fri, Jul 19 2013, 7:37 AM
There are few days that look less important than today in today in terms
of big-picture changes to bond market landscape. Even if Treasuries
were...
Fri, Jul 19 2013, 5:36 PM
Buying a home for your college student or disabled adult child can
be challenging. The same holds for acquiring a home for your elderly
parent(s)...
Fri, Jul 19 2013, 5:14 PM
These days happen. On June 20th, there were over 2.3 million 10yr
Treasury Futures contracts traded. The big nasty NFP sell-off day on
July 5th ...
Fri, Jul 19 2013, 4:15 PM
Mortgage rates were slightly lower
this morning, but many lenders offered improved rate sheets as the day
progressed, bringing average just ba...
Thu, Jul 18 2013, 12:45 PM
Reuters is reporting that the Senate
Banking Committee has approved the nomination of Mel Watt to replace
Edward J. DeMarco as director of the Fed...
