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...
Fri, May 10 2013, 9:30 PM
The Obama Administration's Monthly
Housing Scorecard for April was released this afternoon by the Departments of
Treasury and Housing and Urban De...
Fri, May 10 2013, 7:41 AM
At the risk of disappointing some the audience, let's skip the Top Gun shtick and focus on the danger zone that bond markets have been approaching thi...
Fri, May 10 2013, 7:00 PM
Mortgage rates rocketed higher precipitously today, taking them to their highest levels since April 2nd. The move was all the more confounding as ...
Fri, May 10 2013, 6:16 PM
Today was a fairly jarring and brutal ride for bond markets--a true example of the sort of volatility that we often consider, but seldom see on data-f...
Fri, May 10 2013, 4:37 PM
The Office of Comptroller of the Currency ( OCC ) said today the more than 2.2 million people have cashed or deposited the checks they have received...
Fri, May 10 2013, 3:53 PM
One of the biggest challenges for retired borrowers is their ability to meet lenders’ income requirements. With 'stated-income' and 'no doc' loans ...
Fri, May 10 2013, 3:19 PM
Federal Reserve Governor Elizabeth A. Duke, told an audience at the Housing Policy Executive Council on Thursday that despite the sustained recovery...
Fri, May 10 2013, 2:28 PM
The California Association of Realtors® (C.A.R.) said today that rising home prices in the state are putting a dent in housing affordability . Fif...
Fri, May 10 2013, 1:02 PM
Sorry to be getting the recap out to you later than normal, but updates and alerts for the MBS Live community are first and foremost, and on days l...
Thu, May 9 2013, 11:56 AM
The 30yr Bond Auction is coming up at 1pm, and while it's Treasuries that are being auctioned, the extra supply in the market has a moderate ripple ef...
Thu, May 9 2013, 11:30 AM
The Consumer Financial Protection Bureau (CFPB) is proposing to delay implementation of part of the Loan Originator Compensation Requirements it i...
Thu, May 9 2013, 11:15 AM
The employment picture continues to evolve. For example, earlier this week BB&T announced it will consolidate 37 markets into 23 and eliminate 14 re...
Thu, May 9 2013, 7:46 AM
For the first time this week , we'll get economic data in the morning that actually stands a chance to move markets. In fact, the only 2 reports of ...
Thu, May 9 2013, 4:55 PM
To see the story told on MBS chart, it was an incredibly dramatic day
that ended with a steep sell-off. Several negative reprices late in the
day...
Thu, May 9 2013, 4:39 PM
Mortgage rates ended the day in line with yesterday's levels on
average, making this the second straight day with unchanged rates and
unchanged...
Thu, May 9 2013, 3:49 PM
Despite rising home prices in U.S. metropolitan areas in the first quarter, the National Association of Realtors® (NAR) said today that home affordab...
Thu, May 9 2013, 2:27 PM
A former
senior official at Wilmington Trust Company, Wilmington, Delaware has pleaded
guilty to one count of conspiracy to commit bank fraud acco...
Thu, May 9 2013, 1:33 PM
Fannie Mae reported today that it had pre-tax income of $8.1 billion in the first quarter of 2013, the largest quarterly results in the company's hist...
Wed, May 8 2013, 12:46 PM
Freddie Mac is reporting that it earned net income of $4.6 billion in the first quarter of 2013, the second largest amount in the company's history ,...
Wed, May 8 2013, 12:10 PM
Take note of the timestamp in the table below as things have changed somewhat from 11:09am EST. Bond markets put in good gains at the outset this mor...
Wed, May 8 2013, 10:22 AM
The decline in mortgage delinquencies appears to be picking up speed according to TransUnion's quarterly delinquency report . The national rate of l...
Wed, May 8 2013, 10:13 AM
What's in a name? Plenty - just ask anyone about how the name Fifth Third came about, or the confusion resulting from RFC to GMAC to Ally to...Green L...
Wed, May 8 2013, 9:04 AM
While refinancing drove mortgage originations, a small uptick was enough to send purchase applications to a three year high according to data from...
Wed, May 8 2013, 6:37 AM
If bond market trading were a movie script , we're at that point just after "the girl" yells at "the guy." In the romantic comedies with the happy e...
Wed, May 8 2013, 4:15 PM
Today's trading was certainly more active than yesterday's in terms of both movement and volume. The movement started out on the weak side in US Hours...
Wed, May 8 2013, 3:03 PM
Mortgage rates were almost perfectly flat today, ending a 4 day trend higher, for now. That trend began on Thursday and of course saw it's biggest...
Wed, May 8 2013, 2:25 PM
In a relatively scathing op-ed published today in the New York Daily News, New York State Attorney General Eric T. Schneiderman again called on P...
Tue, May 7 2013, 11:57 AM
The April edition of Fannie Mae's National Housing Survey revealed increasing optimism in American attitudes toward both housing and the overall eco...
Tue, May 7 2013, 11:38 AM
Much like yesterday, MBS opened in line with the lows from the previous afternoon (yesteray's "previous afternoon" would be Friday, of course). Also ...
Tue, May 7 2013, 10:49 AM
"Rob, do you know if an LO, AE, or correspondent rep has a matching 401(k) plan with their company, are bonuses including in that? Has the CFPB ruled ...
Tue, May 7 2013, 9:28 AM
Home prices measured by CoreLogic increased by 10.5 percent on an annual basis in March, the largest year-over-year increase since March 2006 . The ...
Tue, May 7 2013, 7:37 AM
Monday stood a chance to be eventful, if for no other reason than it was the first day back after Friday's mega NFP sell-off. It turned out to be ex...
Tue, May 7 2013, 4:59 PM
You may have to imagine the title of today's MBS RECAP set to the tune of "Super Freak." Indeed, the trading day was freakishly flat as far as MBS we...
