Tue, Sep 10 2013, 5:25 PM
At this point in the day, it looks like MBS will be able to make it
to the exits with sustaining any major damage on top of that which was
already...
Tue, Sep 10 2013, 1:19 PM
While they don't agree on the numbers or use the same timeframes, the
two reports on underwater mortgages released in the last week do conclude that
...
Mon, Sep 9 2013, 12:15 PM
Treasuries were strong and steady overnight, building the sense
that Friday afternoon's weakness was more a factor of investors pulling
up stake f...
Mon, Sep 9 2013, 10:39 AM
Fannie Mae said today that results of
its monthly National Housing Survey shows that Americans are aware of and
following trends in the housing ma...
Mon, Sep 9 2013, 10:28 AM
The Mortgage Bankers Association (MBA)
reported the first drop in its new Mortgage Credit Availability Index (MCAI) since
it became publicly avail...
Mon, Sep 9 2013, 10:08 AM
We're all watching the residential lending industry change, although
in Saturday's commentary I noted several bank mergers from recent weeks.
Whet...
Mon, Sep 9 2013, 6:37 AM
After Friday's Employment Situation Report posed just as many questions as it cleared up, we now move on to the countdown for the next watershed even...
Mon, Sep 9 2013, 5:06 PM
Mortgage rates continued lower today, further
undoing much of the damage caused by last week's run to the highest
levels in over 2 years. Fri...
Mon, Sep 9 2013, 4:25 PM
There's very little to observe and even less to conclude about the day
of MBS trading so far. Fannie 4.0s have held within 2 ticks of 102-24
sinc...
Mon, Sep 9 2013, 1:32 PM
A senior Freddie Mac executive
suggested today that policymakers consider his company's model for securitizing
multifamily loans as they grapple wit...
Mon, Sep 9 2013, 1:22 PM
The list of improving housing markets
maintained by the National Association of Home Builders (NAHB) and First
American Title Insurance Company appe...
Fri, Sep 6 2013, 11:39 AM
If you've ever willingly sought and and enjoyed vanilla ice cream,
then you're already familiar with the flavor of today's bond market
rally. The...
Fri, Sep 6 2013, 9:04 AM
"Are LOs liable for their comp plans?" Yes they are. This commentary discussed this topic over a month ago, yet I still hear stories about a company ...
Fri, Sep 6 2013, 7:35 AM
Today we will receive long-awaited data that does more than anything
else to confirm or reject the notion of September tapering than anything
else...
Fri, Sep 6 2013, 6:33 PM
Mortgage rates fell appreciably today, erasing
most of yesterday's move higher. On most any other day, this would be
welcome development, but...
Fri, Sep 6 2013, 5:25 PM
Treasuries and MBS were coming off a rough day heading into this
morning's Employment Situation Report. 10yr yields hit their highest
levels and ...
Thu, Sep 5 2013, 12:56 PM
Another city has flirted briefly with
the idea of using eminent domain as a tool to help resolve a severe housing
crisis. The North Las Vegas, Ne...
Thu, Sep 5 2013, 12:37 PM
This risk that today's session would bring a pre-NFP "lead off" in
the event of stronger data is coming to nauseating fruition before our
eyes. 1...
Thu, Sep 5 2013, 10:41 AM
Almost a quarter of U.S. homeowners with
a mortgage are still underwater after the rapid plunge of house prices that
started in 2007, however more...
Thu, Sep 5 2013, 10:16 AM
On Saturday we'll have an exciting anniversary: on 9/7/08 Treasury
Secretary Hank Paulson announced a plan where the government took
control of Fa...
Thu, Sep 5 2013, 8:02 PM
There's little left to say about today that hasn't already been said in the earlier MBS MID-DAY .
As that post notes, seeing bond markets take a "l...
Thu, Sep 5 2013, 7:49 AM
Since the methodology change, 7 out of 9 reports have accurately
predicted the direction of movement in the official private payrolls
tally from...
Thu, Sep 5 2013, 6:40 PM
Mortgage rates leaped to new 2-Yr highs today ,
after strong economic data increased the chances that tomorrow's
all-important jobs report woul...
Thu, Sep 5 2013, 2:54 PM
Across the country, investors are
taking advantage of the nation's foreclosure crisis to purchase homes at
bargain prices, often beating out potent...
Wed, Sep 4 2013, 12:06 PM
A new groups billing itself as an
AARP for homeowners has announced it is accepting members. The group, America's Homeowner Alliance , says
its ai...
Wed, Sep 4 2013, 12:02 PM
Overnight markets were relatively uneventful with moderate weakness for
Treasuries during Asian hours and a slight recovery during European
hours....
Wed, Sep 4 2013, 10:59 AM
New guidance effecting the Federal
Housing Administration's (FHA's) Home Equity Conversion Mortgage (HECM)
program, often referred to as reverse mo...
Wed, Sep 4 2013, 10:15 AM
I know it is already Wednesday, but here is something labeled " The Monday Map "
which shows some interesting trends in personal incomes among the
...
Wed, Sep 4 2013, 8:45 AM
After weeks of declining numbers, slightly lower
interest rates apparently spurred a modest bounce in applications for mortgage refinancing. The M...
Wed, Sep 4 2013, 6:38 AM
Typically, the Wednesday before an NFP Friday would bring ADP Private
Payrolls at 8:15am, but due to the holiday-shortened week, ADP will now
arri...
Wed, Sep 4 2013, 5:13 PM
Mortgage rates moved higher again today ,
making it one of the three worst days of the year for rates. The rate
with the most efficient combin...
Wed, Sep 4 2013, 4:49 PM
A recent entry in the NY Fed's Liberty Street Economics blog makes a
compelling case for the role of Consumer Confidence in forecasting labor
mark...
Wed, Sep 4 2013, 4:32 PM
Focusing too closely on the events and market movements of this
single session could make for challenging and unsatisfying analysis.
Instead, if ...
Wed, Sep 4 2013, 3:30 PM
Builders are encountering a shortage of
buildable lots the National Association of Home Builders (NAHB) said today; a lack
of lots that is particu...
Wed, Sep 4 2013, 2:19 PM
Delinquency rates for commercial and multifamily
mortgages loans improved in the second quarter of 2013 across all of the major
groups that invest...
Tue, Sep 3 2013, 12:29 PM
Even before this morning's economic data, bond markets were in
weaker territory as the US played catch up to the rest of the world's
Monday tradin...
Tue, Sep 3 2013, 10:59 AM
Home
prices jumped by 1.8 percent nationally during the month of July. CoreLogic reported that values on its Home
Price Index (HPI) which exclud...
Tue, Sep 3 2013, 9:49 AM
August was not a pleasant month for many lenders, and September may
not be much better. Sure, volumes are down, and staffing is down in most
shops...
Tue, Sep 3 2013, 9:30 AM
The size of Fannie Mae's Gross Mortgage
Portfolio dropped in July by the largest percentage in at least two years, falling
from an ending balance ...
Tue, Sep 3 2013, 8:22 AM
As certainty of the Fed's intent to reduce asset purchases at the September meeting has waxed and waned (and waxed again), one thing
has remained ...
Tue, Sep 3 2013, 4:36 PM
Construction contributed nearly a
trillion dollars to the U.S. economy on a seasonally adjusted annualized basis
in July, an increase of 0.6 percent...
Tue, Sep 3 2013, 4:30 PM
The first day back after Labor Day weekend offered a bit of excitement
with bond markets on the ropes right from the start. This was primarily
a ...
Tue, Sep 3 2013, 3:13 PM
Mortgage rates moved up to their highest levels since August 22nd today. moving sideways on average. 30yr Fixed rates for the most ideal scenario...
Tue, Sep 3 2013, 1:07 PM
Rising interest rates had apparently not
heavily affected prepayment activity and thus, by inference, refinancing
through July Lender Processing S...
Fri, Aug 30 2013, 12:12 PM
Mortgage loan profits tumbled by 14
percent in the second quarter of 2013 the Mortgage Bankers Association (MBA) said
on Friday. Independent mort...
Fri, Aug 30 2013, 11:19 AM
Bond markets were flat for most of the overnight session before weakening in tandem with late European data and early domestic trading. 10yr yields w...
Fri, Aug 30 2013, 10:52 AM
Radian announced it has entered into an agreement with Freddie Mac
on a pool of delinquent loans which eliminates credit risk on 9,756
delinque...
Fri, Aug 30 2013, 5:41 AM
For more reasons than meet the eye, the 3-day Labor Day weekend
coming up is the most relevant near term consideration for markets.
There are oth...
Fri, Aug 30 2013, 3:20 PM
The Center for Responsible
Lending (CRL) estimates that between 2007 and 2012 some 12.5 million homes in
America have been put into the process of f...
Fri, Aug 30 2013, 2:56 PM
In the spirit of a day where many market participants are leaving
early, here's an sneak preview of a recent MBS Live update that would
normally a...
