Fri, Jun 28 2013, 12:29 PM
The turning of the corner noted in the last alert quickly turned in to a
revisit to the highs of the day. Fannie 3.5s hit 101-15 and are
currentl...
Fri, Jun 28 2013, 7:42 AM
If market participants were into trading cards, the flavor of the month
would certainly be "cue cards." These are the things you need when
you're...
Fri, Jun 28 2013, 5:29 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, Jun 28 2013, 5:16 PM
Given all the volatility of the past 2 months--and especially the past 2
weeks--today's movements in MBS and Treasuries were relatively tame by
co...
Fri, Jun 28 2013, 5:07 PM
After surging lower yesterday, mortgage rates managed to hold on to most of those improvements, ending a week that stands as a welcome push back again...
Thu, Jun 27 2013, 12:55 PM
Coming in to today, markets were curious to see how Pending Home Sales
data would inform the discussion about an overheated housing market.
The n...
Thu, Jun 27 2013, 11:09 AM
The
National Association of Realtors® (NAR) said today that rising
interest rates may finally be forcing many hesitant buyers into the
market. ...
Thu, Jun 27 2013, 10:46 AM
After five years of tough sledding, the
Las Vegas real estate market may be turning around . DataQuick
reports that home sales in the city - which...
Thu, Jun 27 2013, 10:43 AM
The MBA reported that independent mortgage banks saw their profit per loan take a tumble during the first quarter, down about $500 per loan
...
Thu, Jun 27 2013, 9:34 PM
Even though the most common weekly rate survey was out today showing a
significant increase in rates, it was merely catching up to the move we
alr...
Thu, Jun 27 2013, 7:46 AM
If you were to say "QE cues" quickly out loud, it might sound like " kewy kews ." Acronyms and abbreviations
abound in the realm of market-watchi...
Thu, Jun 27 2013, 5:16 PM
At several points in the day, the improvements upon the already higher
opening levels seemed at risk of reversing--especially into the 11am and
2p...
Wed, Jun 26 2013, 12:56 PM
Please note the timestamp on the pricing snapshot below. Since then,
prices fell a bit more and we sent out one additional reprice alert to MBS Li...
Wed, Jun 26 2013, 10:34 AM
Freddie Mac's Total Mortgage Portfolio
decreased from an unpaid principle balance (UPB) of $1.949 trillion
at the end of April to $1.944 trillio...
Wed, Jun 26 2013, 9:47 AM
"May a lender decline a mortgage applicant because the applicant
became involved in a lawsuit subsequent to his or her initial loan
application?" ...
Wed, Jun 26 2013, 8:34 AM
The
Mortgage Bankers Association (MBA) said rising interest rates caused
mortgage application activity to fall for the second straight time
week ...
Wed, Jun 26 2013, 7:49 AM
The shape of the charts yesterday is a dead giveaway on the extent to which markets continue to be hung up about the " QE on/off" trade .
While the...
Wed, Jun 26 2013, 5:07 PM
Mortgage rates added a second day of improvement to yesterday's more tentative gains, falling just slightly faster than any other day this month.
...
Wed, Jun 26 2013, 4:49 PM
The last day MBS put in a 20 tick gain was Thursday June 6th, just
before NFP Friday. It would be excellent if we could conclude that
today meant...
Tue, Jun 25 2013, 12:43 PM
The Consumer Financial Protection
Bureau ( CFPB ) has issued another set of proposed clarifications and
revisions to the mortgage rules it release...
Tue, Jun 25 2013, 11:51 AM
Lender Processing Services (LPS)
published a "first look" at month-end mortgage performance
statistics for May which continue to show substantial ...
Tue, Jun 25 2013, 11:29 AM
MBS Live : MBS Morning Market Summary
The trading session has actually been one of the more straightforward we've seen in the past month ...
Tue, Jun 25 2013, 11:28 AM
Home prices for April as reflected in
the Federal Housing Finance Agency's (FHFA) Home Price Index (HPI)
rose 0.7 percent on a seasonally adjusted ...
Tue, Jun 25 2013, 11:16 AM
Newly constructed home sales rose 2.1
percent in May to a seasonally adjusted annual rate of 476,000 units.
The U.S. Census Bureau and the Depa...
Tue, Jun 25 2013, 10:38 AM
Home prices rose faster from March to
April than they ever have in the history of the Case Shiller Indices
the S&P/Case-Shiller announced today. ...
Tue, Jun 25 2013, 8:13 AM
Economic data shows up today, and there's reason to believe that it won't be as relevant
as it otherwise might be. Chief among these reasons is t...
Tue, Jun 25 2013, 8:04 PM
From May 1st lows through yesterday's highs, the yield on the 10-Year
Note has risen from 1.614% to 2.667% and at the same time, the 3.5% MBS coup...
Tue, Jun 25 2013, 5:29 PM
Mortgage rates actually improved in
many cases today though we'd note that lender pricing strategies and
day over day price movements are about...
Tue, Jun 25 2013, 5:16 PM
For a day where 10yr Treasuries are heading out the door more than 6bps
higher than the previous day (and at the highest closing yields in
nearly ...
Tue, Jun 25 2013, 4:16 PM
Lorraine Brown, the former CEO of
Lender Processing Services (LPS) subsidiary DocX, LLC and an alleged
key player in what came to be known as the ...
Tue, Jun 25 2013, 3:56 PM
Both the MBA and FHFA have published responses to the bill introduced by a bipartisan
group of senators led by Bob Corker (R-TN) and Mark Warner (D-V...
Tue, Jun 25 2013, 3:12 PM
The
Mortgage Bankers Association (MBA) and AllRegs have released a new
index that is designed to capture how the availability of mortgage
credit...
Tue, Jun 25 2013, 1:48 PM
Reuters is reporting that a bill will
be introduced today to abolish the two government sponsored
enterprises (GSEs) Freddie Mac and Fannie Mae ...
Mon, Jun 24 2013, 11:34 AM
MBS Live: SPECIAL ALERT
We began the trading session today in MBS with liquidity conditions possibly WORSE than they were on May 27th, 2009--ak...
Mon, Jun 24 2013, 11:26 AM
Home prices
continue to make substantial gains in most areas of the country with some areas
in California seeing an increase of as much as 3 perc...
Mon, Jun 24 2013, 6:22 AM
Those whose pulses and pocketbooks are somewhat tied to bond
markets have enjoyed an era of unprecedented yields, both in terms of
outright leve...
Mon, Jun 24 2013, 5:16 PM
Mortgage rates finally lost less ground than
they have over the past few business days. The problem is that this
still left room for rates to ...
Mon, Jun 24 2013, 5:13 PM
Bond markets were awakened just before the domestic session, not by a
bucket of cold water, but more like some evil crucible of lava and
ill-tempe...
Mon, Jun 24 2013, 3:21 PM
The
California Association of Realtors® (C.A.R.) reports that May sales
of bank-owned properties (REO) were at the lowest level since October
2007...
Mon, Jun 24 2013, 3:02 PM
Despite some hurdles foreign buyers
continue to purchase properties in the U.S., accounting for six
percent of existing home sales. The National As...
Mon, Jun 24 2013, 1:17 PM
The National Association of Realtors, America's largest trade organization and a group that you'd want on your side, said that Congress should consid...
Sat, Jun 22 2013, 10:08 AM
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, Jun 21 2013, 11:30 AM
Bond markets are in a bad way... One constant theme we're hearing from traders has been the liquidity problems.
That means that bets are all over ...
Fri, Jun 21 2013, 8:29 AM
Not that economic data was our enemy on Thursday (more to do with
follow through from Wednesday), but today we have no data, and a day
behind us w...
Fri, Jun 21 2013, 5:49 PM
Mortgage rates have had a far worse week than than you've been told anywhere else, and today was even more freakishly destructive
than the prev...
Fri, Jun 21 2013, 5:28 PM
For those of us whose lives are intertwined by mortgage markets, these
are dark times. The 3-day sell-off just seen in MBS (or Treasuries for
tha...
Fri, Jun 21 2013, 1:57 PM
Welcome to the day with the misnomer, "The longest day of the year."
Every day has about 24 hours - this one, in the northern hemisphere,
happens ...
Fri, Jun 21 2013, 1:36 PM
Modifications
under the HOPE NOW alliance declined significantly in April, due
entirely to a decline in the number of proprietary transactions. ...
Thu, Jun 20 2013, 12:50 PM
Please note the timestamp of the pricing snapshot below. The Mid-Day
commentary will occasionally be delayed when prices are volatile in the
11am...
Thu, Jun 20 2013, 12:03 PM
Sales of existing homes rose again in
May and prices posted the biggest annual gain in eight years the
National Association of Realtors®
(NAR) s...
