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...
Tue, May 28 2013, 8:54 PM
An adapted excerpt from tonight's ratewatch post :
If we had been fighting a battle for low rates, morale was high heading into the end of April...
Tue, May 28 2013, 7:29 AM
The past 4 weeks of selling brings MBS and Treasuries back to the scene of old battlegrounds from sell-offs past. With a moderate week of economic da...
Tue, May 28 2013, 6:16 PM
There is no adequately descriptive language for movement in Mortgage rates today. "Vaulting catastrophically higher" only begins to capture the b...
Tue, May 28 2013, 5:19 PM
Fannie Mae recently canvased a few of its lenders to gather reactions to the new representation and warranty framework it recently put into operatio...
Tue, May 28 2013, 3:26 PM
Although we don't typically publish "alerts" to the MBS Commentary channel (because of MBS Live ), today feels like a good day to break those rules c...
Tue, May 28 2013, 2:37 PM
The latest in the monthly rollout of reports on the housing sector's recovery, as reflected in house prices, came today with Case Shiller earlier and ...
Sat, May 25 2013, 2:09 PM
The mortgage industry is filled with smart business people who just want to know "the rules of the game" rather than the uncertainty that seems to exi...
Fri, May 24 2013, 10:42 AM
Freddie Mac said today that its total mortgage portfolio i ncreased by $951 million in April to $1.949 trillion , an increase of 0.6 percent. This ...
Fri, May 24 2013, 10:03 AM
T he IRS, furlough days, and the possible impact on 4506 transcript processing . I first heard about it through a Mountain West Financial e-mail: "T...
Fri, May 24 2013, 7:37 AM
Welcome to a crazy day for markets, maybe. It's a quadruple witching session, meaning that futures and options for single stocks and stock indices ...
Fri, May 24 2013, 4:31 PM
After a morning fraught with volatility, MBS finally bounced just after the noon hour. Even then, such a bounce wasn't really indicative of much more...
Fri, May 24 2013, 2:47 PM
Mortgage rates finally paused their relentless push higher today, holding at unchanged levels compared to yesterday's latest rate sheets on average...
Fri, May 24 2013, 1:07 PM
Please not the timestamp on the price table below as Fannie 3.0s are currently down 3 ticks at 101-19, but had been as low as 101-13 earlier this morn...
Thu, May 23 2013, 12:47 PM
Mortgage markets are less than thrilled with the broader move into higher rates that was effectively confirmed yesterday, and we have 2 negative repri...
Thu, May 23 2013, 12:10 PM
As has every other price-related report,
the one issued by the Federal Housing Finance Agency (FHFA) today confirmed the
upward momentum of home pr...
Thu, May 23 2013, 9:44 AM
Reporting on
FHFA and GSE operations during the period the OIG noted the significant
improvement in the GSEs' financial results with Fannie Mae re...
Thu, May 23 2013, 6:58 AM
The idea of "tapering" the Fed's long term asset purchases isn't as new as the past two weeks might make it seem. It was most visibly introduced in...
Thu, May 23 2013, 5:03 PM
Treasuries had a bit of an easier time today than MBS, the latter feeling the effects of a shift in duration preference that has been historically unk...
Thu, May 23 2013, 4:19 PM
Mortgage rates weren't quite finished with what they began on Wednesday, which was the worst we've seen in a long time . Despite bond markets man...
Thu, May 23 2013, 2:58 PM
The Fed giveth, and the Fed taketh away. Both stocks and bonds fell on Wednesday after a Q&A session with Ben Bernanke , and minutes from the latest ...
Thu, May 23 2013, 1:41 PM
New home sales rose 2.3 percent on a seasonally adjusted basis in April to an annual rate of 454,000 units . The Census Bureau and the Department ...
Wed, May 22 2013, 12:51 PM
Yesterday the commentary mentioned a rumored shut down of MGIC's Capital Markets Group . I received this e-mail: "MGIC has indeed reorganized certai...
Wed, May 22 2013, 12:41 PM
If you read this commentary with any sort of frequency, you may have noticed a trend of late, where the mid-day recap has been coming out later than n...
Wed, May 22 2013, 12:24 PM
Existing home sales remain constrained
by limited inventory and tight credit but still managed to eke out a small
increase in April the National A...
Wed, May 22 2013, 11:29 AM
Lender Processing Services (LPS) has
provided its regular advanced release of data from its Mortgage Monitor . This " first
look " at April 2013 m...
Wed, May 22 2013, 8:33 AM
A big drop in applications for
refinancing dragged the Mortgage Bankers Associations Market Composite Index, a
measure of mortgage applications v...
Wed, May 22 2013, 8:11 PM
Today was among the worst on record for MBS since the carnage that was late 2010. We still have yet to see anything rival Black Wednesday's, but almo...
Wed, May 22 2013, 7:23 AM
Wednesday May 21st, and we finally get to see what all the fuss is supposedly about . The "fuss" or hype, if you prefer, was theoretically kicked in...
Wed, May 22 2013, 6:10 PM
Mortgage rates were utterly destroyed today. Not only did the average rate move above the highest seen in 2013, but rates haven't been this high s...
Wed, May 22 2013, 3:11 PM
Members of a
House Financial Services subcommittee issued a press release Tuesday afternoon
which essentially dismissed testimony heard earlier in...
Wed, May 22 2013, 3:04 PM
In April 2012 distressed properties
accounted for 45.8 percent of home sales in California the states Association
of Realtors® said Wednesday, but l...
Tue, May 21 2013, 12:51 PM
Recognizing that real estate investors have played a key role in the state's housing market recovery, the California Association of Realtors® (C.A.R...
Tue, May 21 2013, 12:10 PM
Like a jilted lover learning how to trust again, MBS were tentative at first, and Treasuries hesitated at 1.97 as they descended from morning weakness...
