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...
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...
