Wed, Jun 5 2013, 4:18 PM
Mortgage rates were mixed today ,
with different parts of the interest rate spectrum moving in different
directions. In other words, for borrow...
Wed, Jun 5 2013, 3:12 PM
More than 750 builders are in
Washington today, attending the National Association of Home Builders
( NAHB ) annual Legislative Conference. Over ...
Wed, Jun 5 2013, 2:56 PM
The fifth annual report of the State
Regulatory Registry (SRR) shows substantial growth in its National
Mortgage Licensing System ( NMLS ) as that...
Wed, Jun 5 2013, 2:23 PM
Following the success of an
escalation process initiated in February, Fannie Mae is introducing
another website tool to help real estate professiona...
Tue, Jun 4 2013, 12:29 PM
After a relatively uneventful overnight session, bond markets kicked off
the domestic hours unchanged from yesterday's close, but started
slipping...
Tue, Jun 4 2013, 11:16 AM
"Rob, how can I gear up my consumer direct division to go after purchase business? "
That is a good question to which I don't know the answer - wis...
Tue, Jun 4 2013, 6:23 PM
Despite being near their best historical levels compared to Treasuries
in the long run, MBS are at their weakest relative levels of performance
si...
Tue, Jun 4 2013, 6:11 AM
Tuesday is the last day of the week without a major potential tape
bomb on the economic calendar. Thursday is arguably in that same boat,
but see...
Tue, Jun 4 2013, 4:25 PM
Mortgage rates were moderately higher today ,
taking most lenders into slightly higher territory than yesterday or
last Tuesday (the two worst d...
Tue, Jun 4 2013, 1:50 PM
The Consumer
Financial Protection Bureau is giving financial and mortgage
companies a heads-up about what examiners will be looking for under
new...
Tue, Jun 4 2013, 1:34 PM
Citing
his concerns that homeowners across New York State are being held in
"legal limbo" , the state's Attorney General, Eric T.
Schneiderman, ha...
Tue, Jun 4 2013, 1:27 PM
Delinquency rates for commercial and
multifamily mortgages generally declined during the first quarter of
the year except for a notable increase in...
Tue, Jun 4 2013, 1:11 PM
According to the
CoreLogic April Home Price Index (HPI) including distressed sales
home prices are now up 12.1 percent on an annual basis. In M...
Mon, Jun 3 2013, 12:38 PM
The U.S. Census Bureau has just
released the 2012 version of its report on Characteristics of New
Housing . The report is composed of dozens of in...
Mon, Jun 3 2013, 11:45 AM
Even though a case could be made for some technical exhaustion amid the
recent, pervasive sell-off, the morning's data has certainly played a
part...
Mon, Jun 3 2013, 9:53 AM
Underwriters and loan originators are acutely aware of a trend
reflected in a stat the Census Bureau recently released: the number of
businesses w...
Mon, Jun 3 2013, 7:41 AM
It's not the shortest week of the year, but it might as well be. By far and away, the most significant event
will occur on Friday with Non-Farm P...
Mon, Jun 3 2013, 4:21 PM
Though MBS began the day in weaker territory than Treasuries, they were
able to (eventually) keep pace with much of the rally that followed this
m...
Mon, Jun 3 2013, 3:40 PM
Mortgage rates barely budged today ,
but only when comparing the most recent batch of rate sheets to
Friday's latest. Between now and then, the...
Mon, Jun 3 2013, 2:43 PM
The
third of five planned concept papers outlining recommended steps to
ease the transition during secondary market reform was published
today by...
Fri, May 31 2013, 12:19 PM
Most of the pertinent details of the morning have been covered in
the previous 'special alert.' The recap below fills in the blanks with
more spe...
Fri, May 31 2013, 10:14 AM
As a courtesy to our readers who aren't yet subscribers to MBS Live , we wanted to bring you an early update this morning as conditions have grown ...
Fri, May 31 2013, 7:37 AM
After an eerily uncommon two days in a row of gains, bond markets will face off with an old friend: ' month-end .' This tends to be a supportive time...
Fri, May 31 2013, 7:25 PM
Every borrower wants their
mortgage closing to be simple and stress free. While it may not
always feel like it (between loan processors' requests f...
Fri, May 31 2013, 6:04 PM
If we consider the worst 5-week batches of time for production MBS, and
even if we allow late 2010 to combine the worst 5 weeks spanning
November ...
Fri, May 31 2013, 4:57 PM
The massive public database of consumer
complaint information which the Consumer Financial Protection Bureau
(CFPB) brought on-line in March has now...
Fri, May 31 2013, 4:03 PM
Mortgage rates moved back up to the highest levels of the week ,
confirming a bumpy ride between now and next week's big jobs report.
The day b...
Fri, May 31 2013, 3:10 PM
As
the housing crisis unrolled the Department of Housing and Urban
Development (HUD) and the two government sponsored enterprises (GSEs)
Freddie Ma...
Fri, May 31 2013, 2:14 PM
"The guy next door" as well as multi-billion dollar venture capital
funds know that, right? Well, the housing industry is hoping that
venture capi...
Thu, May 30 2013, 12:45 PM
The morning so far has been a simple one. Treasuries traded in their
most narrow range of the week overnight, though lost some ground into
the do...
Thu, May 30 2013, 11:15 AM
The Obama Administration has extended its Making Home
Affordable (MHA) program through December 2015. The action, taken
Thursday brings that pro...
Thu, May 30 2013, 11:03 AM
Pending home sales in April rose a
slight 0.3 percent to 106.0 on the National Association of Realtors®
(NAR) Pending Home Sales Index (PHSI). I...
Thu, May 30 2013, 10:50 AM
The Federal Housing Finance Agency (FHFA) published an interim final rule in the Federal Register recently which mean that the long drawn-out saga...
Thu, May 30 2013, 10:10 AM
Foreclosure-related
home sales retreated to a 21 percent share of all homes sales in the
country during the first quarter of 2013. RealtyTrac rep...
Thu, May 30 2013, 7:42 AM
Jobless Claims at 8:30am will be the key release of the morning,
unless GDP manages to surprise. Either way, 8:30am is the focal point and
we'd e...
Thu, May 30 2013, 4:57 PM
Today was a pretty straightforward one as far as the bounce back from
Tuesday's mega sell-off is concerned. There was a fair chance Tuesday's
low...
Thu, May 30 2013, 4:12 PM
Mortgage rates continued picking up the pieces today ,
after skyrocketing to their highest levels in over a year to begin the
week. The past tw...
Thu, May 30 2013, 2:03 PM
The Multifamily Production Index (MPI)
compiled by the National Association of Home Builders continued in
positive territory for the fifth straight...
Wed, May 29 2013, 12:28 PM
After overnight weakness in bond markets (both foreign and domestic),
Treasuries plodded back to unchanged territory. 10yr yields had been as
hig...
Wed, May 29 2013, 12:11 PM
The foreclosure inventory has fallen by
nearly a quarter in the last year according to data released today by
CoreLogic. Approximately 1.1 mill...
Wed, May 29 2013, 11:34 AM
Traders report that there has been " little resistance to higher rates ." What does that mean? Mortgage banker origination has been heavy (hitting ove...
Wed, May 29 2013, 9:13 AM
Waning enthusiasm for refinancing again drove the volume of mortgage applications down during the week ended May 24. The Mortgage Bankers Association...
Wed, May 29 2013, 7:38 AM
Yesterday was the worst day for MBS and mortgage rates since ' Black Wednesday ,' on May 27, 2009. A lot has changed in those four years and a lot of...
Wed, May 29 2013, 6:33 PM
There's not much to discuss this afternoon as far as organic market
motivations are concerned. That's a funny way of saying that the
"stuff" that...
Wed, May 29 2013, 4:01 PM
Mortgage rates recovered somewhat today , after experiencing their worst day in exactly 4 years yesterday (get caught up HERE ).
Rather than tri...
Wed, May 29 2013, 3:17 PM
The
Consumer Financial Protection Agency has, as it promised earlier,
released changes to the Ability-to-Repay rule due to go into effect
in Janu...
Wed, May 29 2013, 2:22 PM
The Federal Deposit Insurance Corporation said today that its
insured depository institutions reported aggregate net income of
$40.3 billion in th...
Tue, May 28 2013, 12:09 PM
In this morning's " week ahead " post, we highlighted the previous support seen around 2.04-2.07 percent in 10yr yields and that longer-run economic f...
Tue, May 28 2013, 10:45 AM
S&P Dow Jones reported today that both its 10-City and 20-City Case-Shiller Composite Indices posted increases in the first quarter of 2013 that were ...
Tue, May 28 2013, 9:59 AM
In Saturday's edition of the commentary, the question was raised by CG from Wisconsin regarding paying loan officers different rates based on differen...
