Mon, Mar 4 2013, 11:36 AM
MBS Live : MBS Morning Market Summary
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MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Mon, Mar 4 2013, 10:40 AM
With the change of clocks ahead of us this weekend, let's ease into the work week and put this Girl Scout cookie issue to rest once and for all. Bes...
Mon, Mar 4 2013, 7:51 AM
This week serves as something of a crossroads for bond markets
with respect to the longer term move higher in yields that began in the
summer of...
Mon, Mar 4 2013, 4:25 PM
The earlier recap referred to today as an 'extended weekend,' and that
continued to be unofficially the case for the rest of the session.
Dependi...
Mon, Mar 4 2013, 2:15 PM
Mortgage
rates moved slightly higher in most cases on Monday, though
some lenders were essentially unchanged from Friday's latest offerings.
...
Fri, Mar 1 2013, 12:03 PM
The tone was decidedly weaker earlier in the morning as equities markets
rose steadily from 9:40am. Treasuries began the day in significantly
stro...
Fri, Mar 1 2013, 11:06 AM
Freddie Mac's net income increased by 55 percent in the
fourth quarter of 2012 primarily due to a decrease in newly delinquent loans
and an improve...
Fri, Mar 1 2013, 10:05 AM
Reuters is reporting that Bank of
America (BOA) is the subject of yet another investigation. New York State Attorney General Eric
Schneiderman is...
Fri, Mar 1 2013, 7:37 AM
Thursday made it clear that bond markets don't want to be here any more this week, nor do MBS. The longer term view of markets paints a picture of ...
Fri, Mar 1 2013, 4:35 PM
Heading into today, we characterized the prevailing range this week as
compelling, and that it would need to be confronted with a serious
surprise...
Fri, Mar 1 2013, 2:48 PM
Mortgage
rates edged gently lower on Friday , bring to a close their
best week since mid-January. The catalyst for the relatively more
positi...
Thu, Feb 28 2013, 12:16 PM
MBS are currently showing their appreciation for Treasuries to hold the
line at yesterday afternoon's highs. In general, the faster the pace
and ...
Thu, Feb 28 2013, 10:03 AM
Nearly one million properties that were
either bank-owned (REO) or in some stage of foreclosure sold to new owners in
2012 according to RealtyTrac'...
Thu, Feb 28 2013, 6:37 AM
It's a bit of a predicament that bond markets find themselves in at the
moment, having looked very serious about breaking the recent trend
higher ...
Thu, Feb 28 2013, 4:42 PM
Flatness... That would be the best characterization for today's range
in MBS. Even as Treasuries and equities futures whipped around mildly
befo...
Thu, Feb 28 2013, 4:17 PM
Mortgage
rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning a...
Thu, Feb 28 2013, 3:45 PM
I continue to see concerns in the market about the fate of "affiliate relationships" in a QM world, especially in regard to builder/lenders. (Remem...
Thu, Feb 28 2013, 3:27 PM
James McAndrews, Executive Vice
President and Director of Research at the Federal Reserve Bank of New York told
a Household Debt and Credit Press ...
Thu, Feb 28 2013, 2:33 PM
David H. Stevens ,
President & CEO of the Mortgage Bankers Association (MBA), and Gary Thomas ,
President of the National Association of Realtors® ...
Thu, Feb 28 2013, 1:03 PM
Over four million homeowners may be
eligible for compensation for mortgage servicer-related problems under
agreements announced today. The
agreeme...
Wed, Feb 27 2013, 12:18 PM
Bond markets improved overnight very slightly and then more aggressively
after Beppe Grillo said he would not be supporting the formation of a
gov...
Wed, Feb 27 2013, 11:50 AM
I have published this before, and am often asked for the site again. It is a mesmerizing chart of current wind conditions in the United States .
...
Wed, Feb 27 2013, 10:39 AM
Pending home sales rose on both a
monthly and an annual basis in January.
The National Association of Realtors® (NAR) which compiled the data said...
Wed, Feb 27 2013, 9:23 AM
The volume of mortgage applications decreased 3.8
percent on a seasonally adjusted basis during the week ended February 22
according to the Mort...
Wed, Feb 27 2013, 7:37 AM
On most other days, the lineup of data and events on Wednesday (yesterday too, for that matter) presents some serious market moving considerations. Y...
Wed, Feb 27 2013, 7:04 PM
Like a 'tyger in the forests of the night,' equities markets lie in
wait for the cash open at 9:30am at which point they found themselves
with a c...
Wed, Feb 27 2013, 3:48 PM
Mortgage
rates are unchanged to slightly higher , after beginning the
day in slightly better territory vs yesterday and weakening in to the
af...
Wed, Feb 27 2013, 3:07 PM
The Hamilton Project, an economic
policy initiative at the Brookings Institution, invited 15 economists of
different philosophies to submit proposal...
Tue, Feb 26 2013, 12:26 PM
New home sales in January jumped to a
seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the
December number of 378,000 and...
Tue, Feb 26 2013, 11:50 AM
Bond markets experienced a moderate amount of volatility overnight,
improving from yesterday's already impressive rally into the European
hours an...
Tue, Feb 26 2013, 11:18 AM
U.S. home prices were up 1.4 percent in
the fourth quarter of 2012 compared to the third quarter the Federal Housing
Finance Agency (FHFA) sai...
Tue, Feb 26 2013, 10:52 AM
"Rob, last week you mentioned a site for doing bank research . Your readers may want to know that many paid sites obtain their information from the ...
Tue, Feb 26 2013, 10:27 AM
David M. Blitzer , Chairman of the Index
Committee at S&P Dow Jones said "Home prices ended 2012 with solid
gains . Housing and residential
const...
Tue, Feb 26 2013, 7:37 AM
Before yesterday morning's Italian election results rocked markets, we noted that the week promised to be "significantly more active in terms of data...
Tue, Feb 26 2013, 4:59 PM
Thank you Italy... Your political instability has trickled all the way
down to MBS, allowing production coupons to have their single best rally
d...
Tue, Feb 26 2013, 3:24 PM
Mortgage
rates moved lower today , extending their rally following
yesterday's Italian election news. The situation in Italy continued to
rep...
Tue, Feb 26 2013, 2:53 PM
Federal Deposit Insurance Corporation
(FDIC) insured commercial banks and savings institutions posted an aggregate
net income of $34.7 billion in th...
Tue, Feb 26 2013, 2:34 PM
Richard Cordray , Director of the Consumer
Financial Protection (CFPB) told the National Association of Attorneys General
that, since he last spoke ...
Mon, Feb 25 2013, 11:58 AM
Until this morning, outgoing Italian PM Mario Monti and leading center-left candidate Pier Luigi Bersani
had been expected to carry enough votes to ...
Mon, Feb 25 2013, 11:46 AM
NMLS has reported that 120,142
individuals are now licensed by the states as mortgage loan originators (MLOs)
as are 16,688 companies. NMLS's F...
Mon, Feb 25 2013, 9:34 AM
A study by the Brookings Institution of the largest 100 metropolitan areas quantifies what Realtors have intuitively known forever: housing costs an ...
Mon, Feb 25 2013, 7:37 AM
In stark contrast to the 4 days that followed Presidents' Day, the week ahead promises to be significantly more active in terms of data and events . ...
Mon, Feb 25 2013, 4:59 PM
Treasuries and MBS rallied ferociously today after elections in Italy
turned out (or "are turning out" since they're not done yet) to be very
diff...
Mon, Feb 25 2013, 4:26 PM
Mortgage
rates moved lower today by the widest margin in over three weeks.
The faster-paced movement is courtesy of political tensions in Ital...
Mon, Feb 25 2013, 3:01 PM
A bi-partisan group of former senators,
Cabinet secretaries, and other housing and economic experts have released what
is termed a new proposal for...
Fri, Feb 22 2013, 11:47 AM
On this data-free Friday, domestic markets have been relegated to watching tradeflows
after a more interesting overnight session. To that end, ...
Fri, Feb 22 2013, 11:06 AM
Do you know what it costs your company to produce a loan? I hope so, because if the president of a lender wants to do more business in 2013 , or mere...
Fri, Feb 22 2013, 7:40 AM
Thursday's robust batch of economic data brings the calendar of domestic
reports to a close for the week. This leaves Friday at the whim of
overn...
Fri, Feb 22 2013, 4:25 PM
Earlier in the week, we posited that if FOMC Minutes didn't ruffle too many feathers, then next week's 2-day Bernanke
Congressional Testimony would ...
Fri, Feb 22 2013, 2:36 PM
Mortgage
rates were slightly higher today, despite moderate
improvements in underlying bond markets. This is primarily due to
fairly pronoun...
