Wed, Jul 10 2013, 8:51 AM
Mortgage
application activity continued to slide last week , down 4 percent on
a seasonally adjusted basis from the week before, the fourth straig...
Wed, Jul 10 2013, 8:13 PM
Note the timestamp in the snapshot below is from 4:04pm. MBS were
pretty beat up at that point in the day, but were soon to get a lift
from Berna...
Wed, Jul 10 2013, 7:22 PM
Mortgage rates
moved higher today, taking them back in line with Monday's offerings on
average. The weakness came in two stages. The first rou...
Wed, Jul 10 2013, 6:44 AM
The first two days of the week have progressively undone much of last
Friday's damage. but neither has been much to write home about in terms
of v...
Wed, Jul 10 2013, 4:23 PM
The
Mortgage Bankers Association (MBA) has released the fifth and last in
a series of concept papers outlining its suggestions for immediate
step...
Wed, Jul 10 2013, 4:19 PM
A number of investors have filed suit
in two different courts against the U.S. Government over its
management of Freddie Mac and Fannie Mae (t...
Wed, Jul 10 2013, 1:11 PM
The morning has been a bit bumpier than the previous two for bond
markets for several reasons--not the least of which being that prices
have falle...
Tue, Jul 9 2013, 12:50 PM
It's been another "nice" morning for bond markets. Treasuries are
holding their ground and MBS are improving incrementally. Both began
the day i...
Tue, Jul 9 2013, 11:01 AM
CoreLogic said today that completed
foreclosures ticked up slightly in May compared to April, but the
number of homes in process of foreclosure, the...
Tue, Jul 9 2013, 10:48 AM
The Mortgage Bankers Association (MBA)
and AllRegs® has released
the second monthly edition of their new Mortgage Credit Availability
Index (MCAI)...
Tue, Jul 9 2013, 7:37 AM
Monday's session was certainly lacking in conviction . Volumes
were out of line with historical examples of post-NFP Mondays
(especially after ...
Tue, Jul 9 2013, 4:56 PM
Mortgage rates
logged a second day of solid improvements following Friday's frantic
move higher. By the end of the day, rates had recovered mor...
Tue, Jul 9 2013, 1:56 PM
Here in San Francisco at the CMBA's Western Secondary conference ,
someone reminded me of my April 1 (April Fools) edition three months
ago. "The...
Tue, Jul 9 2013, 1:19 PM
The
Office of the Comptroller of the Currency (OCC) along with the
Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve
Board (FRB)...
Mon, Jul 8 2013, 12:34 PM
With last Friday being the day after a holiday in the middle of summer,
it's a fair assumption that NFP was the only reason for many bond market
p...
Mon, Jul 8 2013, 10:08 AM
Bananarama sang, "It's a cruel ... cruel ... cruel summer, Leaving me
here on my own, It's a cruel ... it's a cruel ... cruel summer, Now
you've g...
Mon, Jul 8 2013, 7:27 AM
After Friday's wild ride , the first two days back this week contain precious little by way of data and events to inform the trade. Considering Wedn...
Mon, Jul 8 2013, 5:21 PM
Mortgage rates
recovered roughly one third of the ground lost on Friday, though this
varies from lender to lender. For the sake of perspective,...
Mon, Jul 8 2013, 5:04 PM
On a trading day with no meaningful data or events, bond markets went
calmly about their business--picked up at least half the pieces from
Friday'...
Mon, Jul 8 2013, 2:34 PM
The
Consumer Financial Protection Bureau's (CFPB's) Dodd-Frank
Mortgage Rules Readiness Guide is now available
to assist lending institutions e...
Mon, Jul 8 2013, 1:41 PM
Americans participating in Fannie Mae's
National Housing Survey were apparently not caught unawares by the
recent spike in mortgage interest rates...
Mon, Jul 8 2013, 1:16 PM
The number of metropolitan areas listed
as "improving" by the National Association of Home Builders
(NAHB) and First American Title fell slightly i...
Mon, Jul 8 2013, 1:01 PM
Mortgage delinquencies in May posted
the largest year-to-date drop seen since 2002 Lender Processing
Services (LPS) said today. Delinquencies wer...
Fri, Jul 5 2013, 12:57 PM
On this half-staffed Friday, let's take a look at what is the CFPB is up to. Quite a bit, but one can start by digesting the 171 pages currently out...
Fri, Jul 5 2013, 12:08 PM
Fannie 3.5s ended Wednesday's session at the exact same 100-31 price
that Fannie 4.5s ended the session before Black Wednesday in 2009.
Consideri...
Fri, Jul 5 2013, 8:44 AM
Bond markets had already been on the ropes during the overnight
session with 10yr Treasuries rising as high as 2.58 before the domestic
open. Som...
Fri, Jul 5 2013, 7:06 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 5 2013, 5:23 PM
Historical data has its limitations when it comes to mortgage rates .
For instance, the longest-running series are only updated once a week,
m...
Fri, Jul 5 2013, 4:34 PM
As noted previously, trading was basically wrapped up very early in the
day as most participants didn't want to be here any longer than
necessary....
Wed, Jul 3 2013, 10:58 AM
The Consumer
Financial Protection Bureau ( CFPB ) has issued a list of counties
determined to have been "rural" or "underserved" during 2012.
Th...
Wed, Jul 3 2013, 10:01 AM
Okay, this week is dragging, many folks are off anyway, locks are bumping along the bottom, so I am going to switch things up a little, and put the jo...
Wed, Jul 3 2013, 9:08 AM
The
numbers of mortgage applications fell again during the week ended
June 28, the third consecutive week they have done so. The Mortgage
Banker...
Wed, Jul 3 2013, 8:11 AM
Yesterday's commentary noted that bond markets were likely to be
'bowling with the bumpers' for one more day--or at least held it out as a
possibi...
Wed, Jul 3 2013, 3:01 PM
Mortgage rates moved higher today ,
and more convincingly compared to yesterday's moderate weakness.
Despite the fact that this move is still i...
Wed, Jul 3 2013, 1:01 PM
Expectations for light liquidity on this holiday-shortened trading day
were well-founded, as movements between highs and lows were coming
quickly ...
Tue, Jul 2 2013, 11:25 AM
The Mortgage Bankers Association of the Carolinas received this question: "Can we close a loan if we discover that the borrower did not sign his/her l...
Tue, Jul 2 2013, 10:37 AM
There is a remarkable
degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster
tha...
Tue, Jul 2 2013, 10:27 AM
The Census Bureau reported this week
that there were approximately 31,600 privately financed,
non-subsidized rental apartment units completed in t...
Tue, Jul 2 2013, 7:52 AM
After a docile session on Monday, Tuesday offers up even less by way
of economic data though might make up for some of the calendar
shortcomings w...
Tue, Jul 2 2013, 5:45 PM
Nothing happened today. It might not look
that way based on the charts considering that yesterday saw a decent
rally while today sold off a bit, ...
Tue, Jul 2 2013, 4:42 PM
Mortgage rates leveled off today ,
with most lenders roughly in line with yesterday's offerings while
others were slightly higher in cost. Thes...
Tue, Jul 2 2013, 3:14 PM
Two insurance industry trade groups,
the American Insurance Association and the National Association
of Mutual Insurance Companies, whose members se...
Tue, Jul 2 2013, 1:41 PM
Note the timestamp in the pricing snapshot below. Only a few
minutes after that, MBS and Treasuries sold off fairly quickly but
fairly moderately...
Mon, Jul 1 2013, 9:25 AM
Bond markets are closing early on Wednesday, and we all have a day off Thursday ( read more... ).
Thursday is the 4th of July. Everyone living in th...
Mon, Jul 1 2013, 7:42 AM
The running consensus on when we'd see the first actual reduction in
Fed asset purchases--provided economic conditions don't change change
enough ...
Mon, Jul 1 2013, 5:15 PM
Fannie Mae has agreed to take $968
million as compensation from Citigroup (Citi) for a large group of
mortgages the bank was accused of misrepre...
Mon, Jul 1 2013, 5:11 PM
In the context of the past few weeks and months, something feels wrong
about today. Nothing is actually wrong (or actually "anything"
considering...
Mon, Jul 1 2013, 3:58 PM
Mortgage rates continued lower today ,
extending a recovery from recent 2-yr highs that peaked last Monday.
Lenders got on board with said reco...
Mon, Jul 1 2013, 2:58 PM
The Joint Center for
Housing Studies released its annual State of the Nation's Housing
report last week. Key points indicate a housing recovery tha...
Fri, Jun 28 2013, 12:56 PM
Huh? This is the last business day of the first half of 2013? Where
does time go? And there will be plenty of folks on vacation next week,
with it...
