Thu, Jun 20 2013, 11:19 AM
The Mortgage Bankers
Association released the fourth of five planned concept papers
which recommend immediate steps the Federal
Housing Finance ...
Thu, Jun 20 2013, 10:32 AM
Builders and suppliers are noting
significant shortages of certain home building materials even though
new home and other construction is describe...
Thu, Jun 20 2013, 7:08 AM
It will be hard for today not to have something of an anticlimactic
feel after seeing another nail driven into the QE coffin that magically
appe...
Thu, Jun 20 2013, 6:30 PM
Mortgage rates
are reprising past trauma, now matching the scope of the late 2010
sell-off, with the past two days matching the scope of Black We...
Thu, Jun 20 2013, 5:46 PM
Tough day for the modern era of ultra-low rates in ultra-compressed
ranges. It feels like a long time until July 5th NFP and even longer
until Se...
Wed, Jun 19 2013, 12:45 PM
Housing
and Urban Development Secretary Shaun Donovan and four state
attorney's general, John Suthers (Colorado), Pam Bondi (Florida), Tom
Miller (...
Wed, Jun 19 2013, 12:11 AM
By the end of this long MBS Commentary post, you'll see that all the MBS/Treasury trauma in May was already laid out by Bernanke on
March 20th . ...
Wed, Jun 19 2013, 11:48 AM
The Monitor of the National Mortgage Settlement submitted separate
reports today to the U.S. District Court for the District of Columbia
detailing...
Wed, Jun 19 2013, 11:46 PM
The report below was automatically generated at 4:09pm Eastern time. I didn't send it out at that time due to THIS POST
appearing shortly before ...
Wed, Jun 19 2013, 11:34 PM
Mortgage rates have seen better days . If the past 2 months of calamitous volatility and almost daily cost hikes weren't enough, today brings the C...
Wed, Jun 19 2013, 10:54 AM
Here in Colorado, all eyes are on the 500+ houses destroyed by the recent fires. FEMA
is also watching, as it is the damage caused by flooding in ...
Wed, Jun 19 2013, 9:22 PM
Even
as real estate agents in many parts of the country are decrying the
lack of available homes to sell, RealtyTrac, the California company
that ...
Wed, Jun 19 2013, 8:58 AM
The
rebound in mortgage application volume reported by the Mortgage
Banker's Association (MBA) last week was short lived as both
refinancing an...
Wed, Jun 19 2013, 3:45 PM
On June 5th, before the most recent ADP report, and with an eye toward NFP on the
upcoming Friday, I laid out the reasons that we should not expect ...
Wed, Jun 19 2013, 3:02 PM
Refinancing and
purchases held their respective market shares for closed loans in May
at 58 percent and 42 percent respectively according to Ellie ...
Wed, Jun 19 2013, 2:05 PM
Information received since the Federal Open Market Committee met in March May suggests that economic activity has been expanding at a moderate pace...
Wed, Jun 19 2013, 1:28 PM
MBS Live: MBS Morning Market Summary Please note the timestamp on the pricing snapshot below (and that this mid-day recap will typically be delayed o...
Tue, Jun 18 2013, 11:29 AM
Bond markets were weaker overnight, resulting in MBS opening up about 5
ticks weaker vs yesterday's latest levels. Volume and liquidity have
been...
Tue, Jun 18 2013, 10:44 AM
I am in Colorado this week for the Richey May President & CEO
Roundtable meeting, but here is some news regarding Ohio. When we think
"The Federal...
Tue, Jun 18 2013, 10:10 AM
Residential construction starts rose in
May while permitting for new construction was down slightly the U.S. Census
Bureau and the Department of Hou...
Tue, Jun 18 2013, 6:40 AM
It would be nigh on impossible for anything that happens today to serve
as a mere appetizer to Wednesday's main course: the FOMC Announcement,
Eco...
Tue, Jun 18 2013, 5:58 PM
Wells Fargo bank held a conference call
on the outlook for the housing market on Tuesday, the first of
several planned for 2013. The bank's econ...
Tue, Jun 18 2013, 5:43 PM
Mortgage rates have risen sharply over
the last month and Freddie Mac , in its monthly Economic and
Housing Market Outlook for June, focuses on w...
Tue, Jun 18 2013, 5:06 PM
The day is winding down with MBS and Treasuries in roughly unchanged
territory vs yesterday's latest levels. Morning economic data proved to
be a...
Tue, Jun 18 2013, 4:05 PM
Mortgage rates began the day higher ,
though many lenders repriced in the middle of the day with improved
offerings after bond markets began imp...
Tue, Jun 18 2013, 2:01 PM
Commercial
and multifamily mortgage debt fell by $4.9 billion in the first
quarter of 2013. The total debt in the first quarter was $2.41
trill...
Mon, Jun 17 2013, 11:20 AM
So far this week, we're being treated to the "all things being equal"
approach to Wednesday's tremendously important FOMC Events. In the few
days...
Mon, Jun 17 2013, 11:03 AM
Low
inventories and increasing traffic have unleashed the confidence of
new new home builders the National Association of Home Builders
(NAHB) said...
Mon, Jun 17 2013, 9:41 AM
The United States does not have the only government that is knee-deep in controlling lending and real estate. Beijing,
which already has China's st...
Mon, Jun 17 2013, 7:19 AM
The theme of " honing in " is everywhere in financial markets
and in the universe beyond. It goes by many names and can be thought of
in many way...
Mon, Jun 17 2013, 5:07 PM
Most of this afternoon's drama is extensively relayed in the catalogue
of alerts and updates below. To recap that recap, an article from the
Fina...
Mon, Jun 17 2013, 4:14 PM
Mortgage rates rose in the afternoon ,
after beginning the day unchanged to slightly higher compared to Friday
afternoon. That means lenders re...
Fri, Jun 14 2013, 12:44 PM
If we're not meant to see current prices in MBS and Treasuries as
resistance, markets are doing and exceptional job of trying to convince
us other...
Fri, Jun 14 2013, 12:06 PM
NAR has been invited to testify at an upcoming Congressional hearing about the Qualified Mortgage rule (QM) .
The House Financial Services Subcomm...
Fri, Jun 14 2013, 6:53 AM
Everything in bond markets since May 3rd has been a blur-- the bad kind- -and
the leading candidate to provide clarity is next week's FOMC events
...
Fri, Jun 14 2013, 5:54 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. In...
Fri, Jun 14 2013, 5:35 PM
The sense of anxiety and uncertainty is palpable. Almost in perfect
unison, when the lunch bell rang, traders in equities and bond markets
alike ...
Fri, Jun 14 2013, 5:12 PM
Mortgage rates were significantly lower
to start the day, and despite rising slightly in the afternoon, managed
to end the week at the lowest l...
Fri, Jun 14 2013, 3:29 PM
Americans' confidence in U.S. banks has
rebounded a bit from the low it hit in 2012. Gallop reports that 26
percent of recent survey respondents ...
Fri, Jun 14 2013, 2:38 PM
The American Institute of Architects
(AIA) is seeing an improving market reflected in the size and
amenities Americans now expect in both new home...
Fri, Jun 14 2013, 2:02 PM
The California housing market heated up
a little more in May with resales of houses and condominiums rising
by 8.3 percent from resales in April. ...
Thu, Jun 13 2013, 11:41 AM
After a volatile overnight session with heavy losses in Japanese
equities facilitating lower global stock prices and bond yields, US
Treasuries be...
Thu, Jun 13 2013, 11:20 AM
RealtyTrac reported
today that an increase in bank repossessions in May boosted
foreclosure activity by 2 percent compared to April when foreclo...
Thu, Jun 13 2013, 10:27 AM
Are you looking forward to a day off tomorrow? Me neither - the
commentary never sleeps - but agencies like HUD and the IRS do. These,
and other a...
Thu, Jun 13 2013, 6:47 PM
Mortgage rates moved decidedly lower
in most cases, bringing them to their lows of the week on average. The
bond markets that drive rate chang...
Thu, Jun 13 2013, 6:36 PM
MBS Live: MBS Afternoon Market Summary MBS and Treasuries had already been trading well into the PM hours--the stronger economic data of the morning ...
Thu, Jun 13 2013, 6:00 AM
To be clear, today's 30yr Bond Auction isn't officially the "last of the Treasury auctions," but it will be the last one this week . On those occasi...
Thu, Jun 13 2013, 5:05 PM
Fannie
Mae's Economic Outlook series continued its 2013 theme "Transition to
'Normal?'" in its June edition saying that four years into an expansio...
Thu, Jun 13 2013, 4:34 PM
The Federal Housing
Finance Agency (FHFA) submitted its 2013 Report to Congress on Thursday. The Report covers the Agency's regulation of
the Fed...
Thu, Jun 13 2013, 4:29 PM
The Consumer Financial Protection Bureau (CFPB) has
launched a new web page which consolidates all of the new mortgages rules
issued this year and t...
