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...
Wed, Jun 12 2013, 12:44 PM
In spite of a lot of chatter and proposed legislation about phasing out Fannie & Freddie ,
much of the industry is behind the agencies. Not only do...
Wed, Jun 12 2013, 11:07 AM
Bond markets made it to the domestic session with yesterday's gains
mostly intact, but struggled a bit in early trading. The movement has
all bee...
Wed, Jun 12 2013, 9:48 AM
The
real story about racial discrimination in housing today, Shaun
Donovan, Secretary of the Department of Housing and Urban Development
(HUD) said...
Wed, Jun 12 2013, 9:07 AM
After a string of dismal weeks during which refinancing activity dropped to its lowest level since November 2011, applications for both refinancing a...
Wed, Jun 12 2013, 7:43 AM
As we discussed yesterday morning, the afternoon's 3yr Treasury
auction stood a chance to garner the first significant reaction to a 2
or 3yr auct...
Wed, Jun 12 2013, 5:26 PM
After a brief pause for reflection following yesterday's 3yr auction,
bond markets were back in business and actually able to begin the
session ri...
Wed, Jun 12 2013, 4:56 PM
Mortgage rates moved higher today ,
keeping them locked in this week's new, higher range. The movement
wasn't enough to change the actual rate ...
Wed, Jun 12 2013, 3:45 PM
The House Financial
Services Committee held a hearing today titled: "Beyond the GSEs:
Examples of Successful Housing Finance Models without Expli...
Wed, Jun 12 2013, 2:43 PM
Nearly one-half million homeowners
refinanced their mortgages in March according to the Refinance
Report released by the Federal
Housing Financ...
Wed, Jun 12 2013, 2:24 PM
Over three-quarters
of a million homeowners emerged from being underwater on their
mortgages during the first quarter of 2013 and 39 million hous...
Tue, Jun 11 2013, 12:41 PM
The plain fact is that people need , and for the most part want ,
a roof over their heads. According to an online survey conducted by
Harris Int...
Tue, Jun 11 2013, 11:58 AM
Volatility continues to keep MBS prices and Treasury yields on their toes, dancing back and forth over unchanged levels, but this is a relative bless...
Tue, Jun 11 2013, 10:49 AM
Freddie Mac and Fannie Mae reported
aggregate earnings of about $18.7 billion in FY2012, $12.1 billion of
which was earned in the fourth quarter ...
Tue, Jun 11 2013, 7:30 PM
Mortgage rates moved lower today ,
recovering yesterday's weakness and making it back inside the highs
seen last Thursday. The bond markets tha...
Tue, Jun 11 2013, 5:56 PM
Today was Class A 48-hour day for MBS, meaning that prices in the
table below are outdated and have been replaced by July MBS prices going
forward...
Tue, Jun 11 2013, 5:40 AM
Negative sentiment for broader bond markets came out with both guns blazing this week as the pre -NFP
range that frustratingly continued to be the ...
Tue, Jun 11 2013, 4:59 PM
Contrary to the increasingly prevalent argument that the benefits of homeownership
have been overemphasized, a new study by finds that it is still a...
Tue, Jun 11 2013, 4:45 PM
The
Federal Reserve Bank of New York has published a paper by one of its
former visiting scholars that flies in the face of the stated policy
of ...
Mon, Jun 10 2013, 11:31 AM
For Fannie 3.5s and 10yr Treasuries, the trading levels that finally
offered support at the end of Friday's sell-off, have turned into
resistance ...
Mon, Jun 10 2013, 10:16 AM
I am in Atlanta for a couple days, visiting with the Atlanta Mortgage
Bankers Association. Some of the conversations involve the $76 million
that ...
Mon, Jun 10 2013, 7:58 AM
Tensions remain high in the upcoming week as last Friday's Employment
Situation Report failed to clearly suggest that the Fed would
legitimately c...
Mon, Jun 10 2013, 6:54 PM
The immigration reform bill will finally get it's debut on the floor
of the Senate tomorrow with potentially big implications for the Housing
and ...
Mon, Jun 10 2013, 5:57 PM
This
is the second of a two-part summary of the Center for American
Progress (CAP)/National Council of LaRaza paper titled Making
the Mortgage Ma...
Mon, Jun 10 2013, 4:13 PM
Despite 10yr yields rising more than 3bps (up over 2.20% !), MBS were slightly improved by the 3pm Treasury close and look to be heading out the door ...
Mon, Jun 10 2013, 3:21 PM
Mortgage rates continued higher today ,
further extending the push into fresh 15-month highs confirmed on
Friday. The secondary mortgage marke...
Fri, Jun 7 2013, 11:49 AM
Yes, mortgage rates are higher than where they were a month ago. We aren't in an " ARM market " quite yet although intermediate ARMs
are seeing some...
Fri, Jun 7 2013, 7:46 PM
We could all use a little comedy considering the recent rise in rates . But delays in
the loan process are no laughing matter, costing you more ...
Fri, Jun 7 2013, 6:56 PM
The
U.S. Department of Housing and Urban Development ( HUD ) and the U.S.
Department of the Treasury today released the May edition of the
Obama Ad...
Fri, Jun 7 2013, 5:33 AM
There's typically very little to say that hasn't already been said come NFP morning. Although that's certainly true today, yesterday's weird price ...
Fri, Jun 7 2013, 5:19 PM
Mortgage rates rose today.
They rose no more or less than any other "fairly bad" day in the
history of mortgage rates, but at this particular ...
Fri, Jun 7 2013, 4:40 PM
Following MBS is a tricky business. On the one hand, traders who are
rooting for MBS, do so from a spread standpoint, where the ups and downs
of ...
Fri, Jun 7 2013, 3:35 PM
The
Center for American Progress (CAP) and the National Council of La
Raza have released a paper, Making
the Mortgage Market Work for American's Fa...
Fri, Jun 7 2013, 1:51 PM
Today's payrolls numbers had a chance to give clear pause to near-term tapering prospects, IF
it had been weak enough. It similarly had a chanc...
