Thu, Mar 21 2013, 3:52 PM
I have a lot of pretty interesting Freddie & Fannie news below , but let's start with this note. "Rob, my ops folks complain about the oddest things....
Thu, Mar 21 2013, 3:47 PM
Mortgage rates moved gently higher today in what was more of an extension of yesterday afternoon's mortgage market weakness than anything to do wit...
Thu, Mar 21 2013, 2:42 PM
The
Center for Responsible Lending (CRL) has issued a critique and analysis of the
February 21 interim report on the National Mortgage Settlement ....
Wed, Mar 20 2013, 12:14 PM
Ellie
Mae's Origination Insight Report for
February noted a distinct drop in the share of loans originated for refinancing
during the month. A...
Wed, Mar 20 2013, 12:07 PM
There's been a bit of a lull in the action so far today--as one might reasonably expect given the upcoming FOMC Announcement, Forecasts, and press con...
Wed, Mar 20 2013, 10:16 AM
Freddie Mac has filed a complaint in
federal court in Alexandria, Virginia alleging that 15 banks , including Bank of
America, JP Morgan Chase, UBS...
Wed, Mar 20 2013, 9:22 AM
Applications for refinancing represented
75 percent of all mortgage activity last week compared to 76 percent the week
before according to the Wee...
Wed, Mar 20 2013, 7:03 AM
Another day, another chance to sit and wait for every little headline even remotely related to Europe and to assess whether or not it suggests a chang...
Wed, Mar 20 2013, 4:44 PM
Mortgage rates moved higher today for the first time in nearly two weeks. Although the changes in lenders' rate sheets versus yesterday were large...
Wed, Mar 20 2013, 4:28 PM
Almost all day long, markets did almost nothing, almost... Bond markets coped with an adjustment lower in price/higher in yield heading into the dome...
Wed, Mar 20 2013, 3:27 PM
Representatives Gary Miller (R-CA) and
Carolyn McCarthy (D-NY) have introduced legislation to increase the access of homebuilders
to credit . HR 1...
Wed, Mar 20 2013, 3:16 PM
The Federal
Housing Finance Agency's Office of Inspector General ( FHFA OIG ) released a
report today examining the recent changes to the Preferred ...
Wed, Mar 20 2013, 2:11 PM
I've been visiting Colorado this week, where some of the conversation involves yesterday's sentencing of two individuals for fraud. "The elaborate sch...
Wed, Mar 20 2013, 2:03 PM
Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last ...
Tue, Mar 19 2013, 12:21 PM
With all the potential change going on with Freddie & Fannie, some states may be taking things into their own hands - or trying to. For example, in Te...
Tue, Mar 19 2013, 12:06 PM
Domestic bond markets edged back into territory not seen since the week of the Italian election--the last major bullish event for Treasuries and MBS. ...
Tue, Mar 19 2013, 11:39 AM
Rising home prices lifted 200,000 homes
into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equit...
Tue, Mar 19 2013, 10:04 AM
Housing permits were issued in February at
a seasonally adjusted annual rate of 946,000, an increase of 4.6 percent from
January and 33.8 percent h...
Tue, Mar 19 2013, 7:26 AM
Heading into a week expected to be more focused on Wednesday's FOMC Announcement, press conference, and updated forecasts, we instead got treated to t...
Tue, Mar 19 2013, 4:28 PM
Headlines concerning the Cyprus bailout and it's various components streamed in at a healthy clip almost all day. As such, bond markets rallied almos...
Tue, Mar 19 2013, 3:34 PM
Mortgage rates moved lower today at a less aggressive pace than yesterday. We noted some stratification between lenders which is relatively common...
Tue, Mar 19 2013, 2:56 PM
Default
rates for most types of consumer loans were down slightly in February compared
to January and in every case were substantially below levels...
Tue, Mar 19 2013, 2:54 PM
Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency
(FHFA) told lawmakers on Tuesday that the role of housing finance reform sh...
Mon, Mar 18 2013, 12:38 PM
Bond markets rallied hard overnight on news that EU creditors seek to impose a levy on regular old private-sector bank deposits in Cyprus. 10's made ...
Mon, Mar 18 2013, 11:41 AM
The National Association of Home Builders (NAHB)/Wells Fargo
Housing Market Index, a measure of home builder confidence , slipped again in
March,...
Mon, Mar 18 2013, 9:26 AM
Nine state attorneys general have sent a
letter to President Obama, Senate Majority Leader Harry Reid and Senate
Minority Leader Mitch McConnell d...
Mon, Mar 18 2013, 7:37 AM
In the week just passed, US bond markets spent almost all waking moments attempting to consolidate in a range that included the weakest levels in almo...
Mon, Mar 18 2013, 4:25 PM
Overnight news regarding a bailout plan for Cyprus dominated trading in Asian and European hours as markets took flight from riskier assets (and from ...
Mon, Mar 18 2013, 3:10 PM
Mortgage rates moved lower today at their fastest pace since February 25th's Italian election stalemate. Today's move is also bigger than the enti...
Fri, Mar 15 2013, 11:51 AM
Everything was pretty quiet this morning with volume and momentum not
really making much of an appearance until the 9:30am opening bell for
equiti...
Fri, Mar 15 2013, 10:37 AM
What is " Jumpstart GSE Reform "? It is a new bill that requires the government to keep its mitts off of gfees. Odds of passage are unknown.
Here's...
Fri, Mar 15 2013, 6:37 AM
For third time in 4 days we've seen some compelling support come into
play in MBS and Treasuries. Not all of the support has come in at the
same ...
Fri, Mar 15 2013, 5:03 PM
MBS asked today's quadruple witching session: "et tu Friday?" but got the simple response: "nah, we're cool." So MBS just got up and walked away--hig...
Fri, Mar 15 2013, 4:06 PM
California house prices have now risen
on an annual basis for a full year according to the California Association of
Realtors® ( C.A.R. ). The med...
Fri, Mar 15 2013, 1:38 PM
Mortgage
rates improved modestly , capping a week that's seen rates
either move sideways or slightly lower every day. Today's stability and
u...
Thu, Mar 14 2013, 11:44 AM
At first glance--and especially if we focus only on domestic
hours--today's trading session is looking a lot like yesterday's in that
we moved rat...
Thu, Mar 14 2013, 11:20 AM
Foreclosure activity blipped up slightly
in February but continues to recede on a year over year basis. RealtyTrac, the Irvine California firm that...
Thu, Mar 14 2013, 11:19 AM
A bi-partisan group of Senators has
introduced legislation that would prohibit any increase in the guarantee fees
levied by Freddie Mac and Fannie...
Thu, Mar 14 2013, 7:37 AM
As we said in yesterday's recap, Wednesday was "refreshingly
straightforward," with the overnight data suggesting logically stronger
opening level...
Thu, Mar 14 2013, 5:23 PM
Turning to the production side of the equation, don't shoot the messenger - you can write to the authors of this comprehensive study that shows, ".....
Thu, Mar 14 2013, 4:38 PM
Whereas yesterday's session was straightforward in both European and
domestic hours today's was a bit more enigmatic. Reason being: we had a
fair...
Thu, Mar 14 2013, 4:09 PM
Mortgage
rates were flat for the third day in a row , despite strong
economic data and a weak 30yr Treasury Auction (two things that normally
...
Thu, Mar 14 2013, 1:53 PM
The Federal Housing Finance Agency
(FHFA) Office of Inspector General (OIG) has published an evaluation report
detailing Freddie Mac's involvement ...
Thu, Mar 14 2013, 1:24 PM
Representative Bill Huizenga, (R-MI) has introduced HR
1077, a bill To amend the Truth in Lending Act to improve upon the
definitions provided for ...
Wed, Mar 13 2013, 12:25 PM
The morning has been pretty straightforward
so far with a relatively positive overnight session getting a lift from
weaker European economic data...
Wed, Mar 13 2013, 11:53 AM
The Home Affordable Mortgage Refinancing Program ( HARP )
outperformed expectations in 2012 after enhancements to the program in late
2011 increas...
Wed, Mar 13 2013, 9:51 AM
Applications for mortgages decreased as
mortgage interest rates rose to recent highs during the week ended March
8. The Mortgage Bankers Associati...
Wed, Mar 13 2013, 7:37 AM
After two trading days that have been either devoid of market movers
or predominantly focused on overseas considerations, Wednesday offers a homeco...
Wed, Mar 13 2013, 4:54 PM
Today's session offered a refreshingly straightforward level of
connection between economic events and market movement. Even in the
overnight ses...
Wed, Mar 13 2013, 3:49 PM
Mortgage
rates were flat on average today, but continued to be
stratified depending on the lender. In other words, some rate sheets
were mod...
