Wed, Feb 20 2013, 11:41 AM
The Department of Housing and Urban
Development (HUD) and the Census Bureau said this morning that permits for
residential construction were issue...
Wed, Feb 20 2013, 11:31 AM
I am in Kansas today. Before the congratulatory e-mails flood in, I mention this because I flew here. (In an airplane.) Per our very own Transportatio...
Wed, Feb 20 2013, 8:27 AM
Mortgage application volume dropped
again during the week ended February 15.
The Mortgage Bankers Association reported this morning that its Mar...
Wed, Feb 20 2013, 7:18 AM
Here's another one of those sessions where a big-ticket market event
has lots of potential to move markets, but no obligation to do so.
Since N...
Wed, Feb 20 2013, 6:10 PM
Bond markets continued to heal after dodging a few of the same
old bullets from FOMC Minutes. This time around, ongoing QE expectations
were calle...
Wed, Feb 20 2013, 4:53 PM
Mortgage
rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the ...
Tue, Feb 19 2013, 11:59 AM
Bond markets traded fairly well overnight and remained in an exceedingly
narrow range throughout. Both MBS and Treasuries hit New York just
barely...
Tue, Feb 19 2013, 11:05 AM
According to the National
Association of Home Builders (NAHB), its NAHB/Wells Fargo Housing Market Index
(HMI) for February was virtually unchange...
Tue, Feb 19 2013, 10:58 AM
Three researchers have looked at private label residential mortgage-backed securities sold to investors in 2007 and concluded there was substantial...
Tue, Feb 19 2013, 10:37 AM
Yesterday the commentary had some statistics on Florida lagging in price appreciation, which many attribute to the " judicial versus non-judicial " fo...
Tue, Feb 19 2013, 7:50 AM
Friday started simply enough with MBS and Treasuries relatively in
line with Thursday's latest levels, but bond markets soon began giving
up groun...
Tue, Feb 19 2013, 4:29 PM
There wasn't much going on today. This includes the overnight session, the morning "busy" hours (when Europe is still trading a nd the domestic se...
Tue, Feb 19 2013, 3:52 PM
Mortgage
rates began the day flat to slightly lower before market
weakness in the afternoon caused many lenders to release negatively
revised...
Tue, Feb 19 2013, 3:16 PM
Just a little over a year after the Home
Affordable Refinance Program (HARP) was substantially revised into HARP 2.0 it
has reached nearly as many h...
Fri, Feb 15 2013, 11:28 AM
Quite simply, MBS are right back in line with the center of yesterday morning's trading range. While this is technically "bad" because it keeps price...
Fri, Feb 15 2013, 10:43 AM
I receive a lot of questions , some very specific and others very broad reaching. These two have implications that our industry should think about:
...
Fri, Feb 15 2013, 10:04 AM
Three
of the senators who helped frame parts of the Dodd-Frank Wall Street
Reform and Consumer Protection Act in 2010 have again written to financia...
Fri, Feb 15 2013, 7:37 AM
Thursday, with it's 30yr Bond Auction and survey week Jobless Claims numbers, stood a decent chance the break the recent monotony for broader bo...
Fri, Feb 15 2013, 1:36 PM
Mortgage rates moved modestly higher for some lenders today, while others remained closer to unchanged territory. Following Wednesday's swing to 6-mo...
Thu, Feb 14 2013, 11:41 AM
A good measure of weakness worked its way through bond markets early in the overnight session. Asian market hours saw 10yr yields climb over 2.06 bri...
Thu, Feb 14 2013, 11:40 AM
While I sit here kicking myself for not owning the stock in catsup maker Heinz (up 20% this morning because of being purchased by Berkshire Hathaway),...
Thu, Feb 14 2013, 11:04 AM
Foreclosure
activity in much of the nation now appears to be accelerating downward,
dropping 7 percent in a single month according to RealtyTrac....
Thu, Feb 14 2013, 7:37 AM
This morning's Jobless Claims numbers are from the same week that the survey for next month's NFP numbers is being conducted. As such, a big miss or ...
Thu, Feb 14 2013, 4:30 PM
Even with the
unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of
2012, Freddie Mac's chief economist Frank
E. Notha...
Thu, Feb 14 2013, 4:18 PM
Treasury yields rose into scary territory overnight and remained fairly scary even in the morning hours as 10's pushed up over 2.05 after the stronger...
Thu, Feb 14 2013, 3:18 PM
Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday's worst levels of the year. Things looked relati...
Wed, Feb 13 2013, 12:17 PM
Bond markets were against the ropes from the outset this morning as a healthy clip of overnight data and events in Europe pressured safe-haven German ...
Wed, Feb 13 2013, 11:22 AM
The talk in the halls here in Houston at the Texas Mortgage Bankers Association secondary conference is about a) diminishing margins for 2013, and b...
Wed, Feb 13 2013, 8:37 AM
As rates rose the volume of mortgage
applications fell during the week ended February 8 according to the Mortgage
Bankers Association's (MBA) Week...
Wed, Feb 13 2013, 7:31 AM
The afternoon's top tier event arrives at 1pm with the 10yr Treasury Auction. Given the recently more rapid evolution of the yield curve, markets may...
Wed, Feb 13 2013, 5:05 PM
It's interesting to consider that today's weakness was essentially present from the outset ("interesting" in an awful, painful sort of way). In anoth...
Wed, Feb 13 2013, 4:13 PM
Mortgage rates surged higher at their quickest pace since late January on Wednesday eclipsing the previous highs of the year seen around the same t...
Wed, Feb 13 2013, 4:05 PM
NAHB
Chairman Rick Judson said the
nation's home builders were very pleased to hear President Obama acknowledge the
extremely tight mortgage credi...
Wed, Feb 13 2013, 3:43 PM
On Wednesday the
House Financial Services Committee held a second in a scheduled series of hearings to look
into the financial condition of the Fed...
Wed, Feb 13 2013, 3:18 PM
The
Consumer Financial Protection Bureau ( CFPB ) today announced five steps it will
take to assist the mortgage industry to comply with new consu...
Wed, Feb 13 2013, 2:43 PM
A consortium of consumer advocates is criticizing a recent decision by the
Federal Housing Finance Agency (FHFA) regarding Fannie Mae's attempt to ...
Tue, Feb 12 2013, 11:47 AM
Euros surged in the early AM, setting the tone for Treasuries and equities, which looked willing to head in either direction until then. Domestic trad...
Tue, Feb 12 2013, 10:22 AM
TransUnion said today that the serious mortgage
delinquency rate is heading downhill at a quickening pace, however long term
delinquencies and the...
Tue, Feb 12 2013, 7:30 AM
There remains zero on tap in terms of domestic economic data (unless you're a deep thinker on labor markets and want to count the Job Openings and Lab...
Tue, Feb 12 2013, 6:25 AM
"Rob, where's a good place to learn about the new FHA MIP structure, and the possible implication for Ginnie securities?" Good question, especially si...
Tue, Feb 12 2013, 5:37 PM
Freddie Mac borrowers who refinanced
in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM)
and 27 percent of them chose ...
Tue, Feb 12 2013, 4:26 PM
MBS prices were slightly lower out of the gate this morning as markets whipped around on a moderate resurgence of tradeflows after weather and holiday...
Tue, Feb 12 2013, 3:30 PM
Mortgage rates continued to inch lower on Tuesday as part of a two day move back down from recent highs. The change in rates compared to yesterday...
Tue, Feb 12 2013, 3:29 PM
The
credit reporting industry's trade group, the Consumer Data Industry Association
(CDIA) is vigorously disputing much of a CBS 60 Minutes (w...
Mon, Feb 11 2013, 12:12 PM
Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. Accor...
Mon, Feb 11 2013, 11:44 AM
Whether we're talking about ceilings in terms of MBS prices or floors in terms of Treasury yields, the specific cross-section of "bond markets" we're ...
Mon, Feb 11 2013, 11:42 AM
HOPE NOW , the voluntary, private
sector alliance of mortgage servicers, investors, mortgage insurers and non-profit
counselors, has now helped over...
Mon, Feb 11 2013, 11:04 AM
Home
prices in the fourth quarter of 2012 showed a rate of annual appreciation
greater than in any quarter since the end of 2005 the National Ass...
Mon, Feb 11 2013, 10:56 AM
This is the second of two installments ( part 1 )
summarizing a seminar given by Ballard Spahr, a national law firm, to explain
the possible ramific...
Mon, Feb 11 2013, 8:07 AM
After a reasonable amount of weakness in the morning, broader bond markets were able to ratchet down to some of their best levels since January 25th ...
