Fri, Jul 12 2013, 8:21 AM
Bernanke's Wednesday night soothe-saying (as opposed to
soothsaying--it's funny if you think about it) was enough to get bond
markets through Thur...
Fri, Jul 12 2013, 5:16 PM
Mortgage rates
didn't manage the same sort of surge lower as that seen yesterday. In
fact, some lenders were unchanged, but on average, rates f...
Fri, Jul 12 2013, 4:54 PM
For all the sturm and drang surrounding mid-day market movements
inspired by dueling ideologies between Fed speakers, MBS are inching
toward the d...
Fri, Jul 12 2013, 3:08 PM
Generation X Americans, those born
between 1965 and 1979, formed the largest single group of homebuyers
in a recent survey conducted by the Nation...
Fri, Jul 12 2013, 2:45 PM
Over two-thirds of the $3.4 billion in checks issued to borrowers
who were aggrieved by various foreclosure mistakes or inequities had
been cashed a...
Fri, Jul 12 2013, 1:50 PM
"Rob, has the CFPB or the Federal Reserve put out anything on ARM loans?" You bet it has. It is a nice primer , with pretty colors, easy-to-read prin...
Fri, Jul 12 2013, 1:21 PM
Today has almost been a carbon copy of yesterday where MBS started out
the day holding highs, ticked just a bit higher at 10am and started
heading...
Thu, Jul 11 2013, 9:37 AM
Regulators
are proposing to exempt three types of loans from some of the
appraisal requirements for so-called higher priced mortgages . The
r...
Thu, Jul 11 2013, 9:36 AM
Even
as foreclosure activity is slowing dramatically nationwide, it
appears that judicial foreclosure states are revving up to clear
backlogs w...
Thu, Jul 11 2013, 8:45 PM
Prices below are for July MBS as of 4:05pm. Just after 5pm, those
prices dropped abruptly for Fannie and Freddie 30yr Fixed MBS
(collectively "Cl...
Thu, Jul 11 2013, 7:32 PM
Mortgage rates
were lower today right out of the gate, continuing a move set in motion
by comments from Fed Chairman Bernanke late in yesterday'...
Thu, Jul 11 2013, 5:32 PM
At this point , no one expects too much fundamental change to the agencies before 2015.
(This year will continue to see groundwork being laid; ne...
Thu, Jul 11 2013, 5:06 PM
The
Mortgage Bankers Association (MBA) has just released the first
installment of a new measure of loan activity designed as a monthly
companion ...
Thu, Jul 11 2013, 3:08 PM
Data from the 2011 American Housing Survey which was released today
provides a bonanza of information for housing advocates and researchers
as we...
Thu, Jul 11 2013, 2:17 PM
Clarifications
and updates proposed by the Consumer Financial Protection Bureau
(CFPB) for the new Truth in Lending Act (TILA) and RESPA rules were
...
Thu, Jul 11 2013, 1:48 AM
Bernanke spoke late enough in the day yesterday that his
market-moving question and answer session escaped the brunt of the
domestic session's blo...
Wed, Jul 10 2013, 9:49 AM
I received many inquiries about the source of metric definitions
(doesn't that sound highfalutin!). The accounting definitions that help
compare f...
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...
