Fri, May 17 2013, 3:18 PM
Lawrence Yun, chief economist for the National Association of Realtors® (NAR) said Thursday it might be time to " dial down the credit stringency ." ...
Fri, May 17 2013, 2:26 PM
A Texas homebuilder will surrender more than $100,000 to the Consumer Finance Protection Agency under a consent order filed on Friday. Paul Taylo...
Fri, May 17 2013, 2:04 PM
Senator Bill Nelson (D-FL has asked for an investigation and possible "crackdown" on the manner in which short sales are impacting consumer credit fi...
Fri, May 17 2013, 1:54 PM
The Consumer Finance Protection Agency (CFPB) reminded lenders today that new Truth in Lending Act (TILA) rules banning mandatory arbitration provis...
Fri, May 17 2013, 1:18 PM
Among the nation's 30 largest metro areas included in a recent Zillow study, Pittsburgh (39%), Tampa (33%), New York (30%), Cleveland (29%) and Miami ...
Thu, May 16 2013, 11:50 AM
Hopefully, in talking about the half point rally in MBS we're not unintentionally "jinxing" it, but yeah--there's a half point rally underway in MBS. ...
Thu, May 16 2013, 9:51 AM
The U.S. Census Bureau and the Department of Housing and Urban Development said today that new housing starts were down in April by 16.5 percent c...
Thu, May 16 2013, 9:27 AM
"Talent hits a target no one else can hit; genius hits a target no one else can see." Hedge funds and investment banks have a lot of talent, and perio...
Thu, May 16 2013, 9:03 AM
The median price of homes in California
topped $400,000 in April for the first time in five years. The California Association of Realtors®
(C.A.R...
Thu, May 16 2013, 8:59 AM
"Nationwide and in most markets it
appears builders are planning to ramp up activity that will help offset a drop
in foreclosure starts , but the...
Thu, May 16 2013, 8:01 AM
If the presence of greater amounts of economic data was a benefit for bond markets on Wednesday (and we're not sure that it was), then Thursday has ev...
Thu, May 16 2013, 4:47 PM
Yesterday and again early this morning (before the data), we discussed the potential significance of yesterday's prices failing to make a new low for ...
Thu, May 16 2013, 4:15 PM
Mortgage rates moved lower at their fastest pace in 6 weeks today, erasing most of the losses seen so far this week. Not all lenders have adju...
Thu, May 16 2013, 1:15 PM
CoreLogic said today that home prices are projected to increase 3.9 percent on an annualized basis between the fourth quarter of 2012 and the same q...
Wed, May 15 2013, 12:49 PM
Builder confidence has perked up
again. After dropping three points in
April to 41, the National Association of Home Builders (NAHB)/Wells Fargo
...
Wed, May 15 2013, 12:46 PM
Once again, please note the timestamp in the pricing snapshot below, as it is about an hour and a half old now. This time gap will continue to be the...
Wed, May 15 2013, 11:42 AM
Where's the Fed's head when it comes to housing? I can't say for sure, but Fed Governor Duke's speech on " The Mortgage Market and Housing Condition...
Wed, May 15 2013, 11:09 AM
Lender Processing Services (LPS) has release a new
tool for mortgage servicers that the company says will allow them to "provide
consistent, real-ti...
Wed, May 15 2013, 9:50 AM
Realtors meeting at the National Association of Realtors® Midyear Legislative Meetings and Trade Expo heard two presentations about the roles the fed...
Wed, May 15 2013, 9:15 AM
Is it possible that the sluggishness of
the foreclosure pipeline is actually camouflaging low mortgage delinquency
rates ? TransUnion raised the...
Wed, May 15 2013, 8:13 AM
Applications for both purchasing and refinancing homes
dropped during the week ended May 10 as interest rates reversed the downward
trend of the ...
Wed, May 15 2013, 7:09 AM
Wednesday brings enough data in the morning hours that it could help shape the trading day for bond markets. This wasn't the case on Tuesday where an...
Wed, May 15 2013, 4:51 PM
Mortgage rates had a good day, despite the fact that the day-over-day change from yesterday is flat to slightly higher. Part of the reason for ...
Wed, May 15 2013, 4:36 PM
It's about 24 hours too soon to start getting excited, but for the very first time in May, MBS did NOT make new lows today! That's not for lack of tr...
Wed, May 15 2013, 3:58 PM
Nearly a quarter million homeowners received mortgage loan modifications through HOPE NOW during the first quarter of 2013. The voluntary private...
Wed, May 15 2013, 3:44 PM
Nearly half of members responding to a National
Association of Federal Credit Unions survey say they are already planning to drop
loans from thei...
Wed, May 15 2013, 3:37 PM
The Federal Housing Finance Agency ( FHFA ) published an interim final rule in the Federal Register on Tuesday which may mean that the long drawn-ou...
Wed, May 15 2013, 3:07 PM
Under Dodd-Frank, the Consumer Finance Protection Bureau
( CFPB ) was required to issue several mortgage rules , ostensibly intended to 'protect
co...
Wed, May 15 2013, 1:14 PM
Several speakers representing lenders, servicers, and appraisers spoke to Realtors
attending their Midyear Legislative Meetings in Washington on Wedn...
Wed, May 15 2013, 1:05 PM
The percentage of loans originated for purchasing homes increased again in April , the third consecutive month they have done so. According Ellie Ma...
Tue, May 14 2013, 12:18 PM
Please note the timestamp in the pricing snapshot below (11:09am EST). The mid-day post will always pull a snapshot of current prices between 11:00 a...
Tue, May 14 2013, 10:17 AM
Freddie Mac has opened applications for its new Streamlined Modification program , making it available to all eligible borrowers immediately, six we...
Tue, May 14 2013, 10:13 AM
"Rob, why would Warren Buffett recommend stocks and not bonds? And do they always move in opposite directions?" The answer is no, they don't alway...
Tue, May 14 2013, 8:32 PM
On May 3rd, after NFP, we said: "historically, a move like today's that runs counter to more than a month of trending, has been more likely to mark th...
Tue, May 14 2013, 6:45 AM
Tuesday is the lightest day of the week in terms of scheduled data without only Import/Export prices in the 8:30am time slot. This report tends to no...
Tue, May 14 2013, 4:20 PM
Mortgage rates began the day in promising shape, but lost their composure early and often. Despite several lenders releasing their initial rate sh...
Tue, May 14 2013, 3:34 PM
American households have resumed what is now nearly a five year effort to decrease their debt. The Household Debt and Credit Report for the first qu...
Tue, May 14 2013, 3:20 PM
Home sales in Southern California hit a seven year high in April spurred by pent up consumer demand and high levels of investor activity . Prices ...
Tue, May 14 2013, 3:14 PM
The spring market may be bringing a little of the hoped for increase in available homes for sale. April data from Realtor.com indicated the inventory...
Tue, May 14 2013, 2:17 PM
Housing affordability declined slightly in the first quarter of this year, but remains near historic highs according to the National Association of H...
Tue, May 14 2013, 1:52 PM
CoreLogic's May MarketPulse report, released today, looks at the housing recovery and concludes that it is not occurring evenly across the U.S , bu...
Mon, May 13 2013, 12:46 PM
Realtors saw an increase in their income in 2012 for the second year in a row after nine straight years of losing ground The National Association of...
Mon, May 13 2013, 12:15 PM
Bond markets are again in short term consolidation mode (where the trading range of prices and yields grows increasingly narrow, forming what some ref...
Mon, May 13 2013, 11:08 AM
The report points out, "It is hard to imagine a sustainable housing recovery taking place with fewer homeowners ."
This point, it says, "appears to...
Mon, May 13 2013, 10:16 AM
It is a time to celebrate those 65 and older through ceremonies, events and public recognition - in which most of which the folks in this group have n...
Mon, May 13 2013, 7:45 AM
The week begins with the Retail Sales report, an uncommonly relevant piece of data to be in the 8:30am time-slot first thing Monday morning. It's m...
Mon, May 13 2013, 4:49 PM
This morning's Retail Sales report was only a small contributor to a sell-off that took it's more meaningful cues both from overnight trading as well ...
Mon, May 13 2013, 4:01 PM
Mortgage rates continued higher to begin the week, carrying some momentum from Friday's rapid move higher and taking new cues from a stronger-than-...
Fri, May 10 2013, 12:11 PM
Yesterday I was speaking to a group from International City Mortgage (a solid company on the rise, adding their own servicing, selling to the agen...
Fri, May 10 2013, 10:09 AM
"The strong year over year increase
in confidence reported by builders for the 55+ market is consistent with year
over year increases in other seg...
