Thu, Apr 11 2013, 9:12 AM
Legal filings related to foreclosure
declined both in March and in the entire first quarter compared to previous
periods RealtyTrac said today. T...
Thu, Apr 11 2013, 7:37 AM
At this point, Treasuries have unwound not only last Friday's rally, but Thursday's as well. They're very close to the lower levels of a long term in...
Thu, Apr 11 2013, 4:21 PM
Both MBS and Treasuries put in convincing performances today as they held on to morning gains all day without taking part in the same sort of fluctuat...
Thu, Apr 11 2013, 3:28 PM
Mortgage rates finally moved lower today, after rising moderately during the first 3 days of the week. Today's changes are fairly small when view...
Thu, Apr 11 2013, 1:15 PM
The Home Affordable Refinance Program
(HARP) has been extended for two years beyond its scheduled expiration on
December 31. The Federal Housing F...
Wed, Apr 10 2013, 12:08 PM
The Lender Processing Service (LPS)
February Mortgage Monitor found that
loan prepayment rates, historically a good indicator of refinancing activ...
Wed, Apr 10 2013, 11:58 AM
In response to a recent remark by
Attorney General Eric H. Holder, Jr., Senator Bernie Sanders (I-VT) has
introduced Senate legislation aimed at ...
Wed, Apr 10 2013, 11:32 AM
The overnight and early morning trading hours were similar enough to recent patterns, with Treasuries flat during the Asian session and weaker during ...
Wed, Apr 10 2013, 8:40 AM
Applications for government-backed
mortgages dropped significantly during the week ended April 5, but mortgage
activity in other sectors was stro...
Wed, Apr 10 2013, 7:47 AM
Bond markets spent another day correcting from Friday's post-NFP rally (moving higher in yield), but this time at a somewhat slower pace. In fact, th...
Wed, Apr 10 2013, 5:44 PM
I received several notes on the practicality of the renegotiation of locks . "One Capital Markets person noted, "LOs seem to forget that it is a real...
Wed, Apr 10 2013, 5:31 PM
Donovan declined to speculate about
the likelihood FHA would need to draw on Treasury funds to correct the deficit
in its Mortgage Insurance Fund ...
Wed, Apr 10 2013, 4:14 PM
Bond markets are in a bit of a predicament now, at least from a technical perspective. The longer-term uptrend stretching back to the middle of last ...
Wed, Apr 10 2013, 3:31 PM
Mortgage rates moved higher today, bringing rates back in line with last Thursday's, depending on the lender. After Friday concluded an impressiv...
Wed, Apr 10 2013, 2:49 PM
The House Financial Services
Subcommittee heard testimony today from housing industry leaders on
congressional efforts to reform the Federal Housin...
Tue, Apr 9 2013, 11:39 AM
MBS, Treasuries, and Stocks have all traded in eerily similar patterns to yesterday through the same time. This is characterized by an overnight sess...
Tue, Apr 9 2013, 11:25 AM
Two consumer advocacy groups have outlined how state
lawmakers can bolster safeguards to prevent unnecessary foreclosures . The Center for Responsi...
Tue, Apr 9 2013, 10:13 AM
The plot thickens in the Access National branch closure story . Prior to the weekend Virginia-based Access National announced that it is closing its 3...
Tue, Apr 9 2013, 10:00 AM
Federal Reserve Chairman Ben Bernanke , speaking
at a Federal Reserve Bank of Atlanta sponsored conference on Monday said that
the use by the Fed o...
Tue, Apr 9 2013, 7:22 AM
Today begins 3 days of Treasury auction supply with 3yr Notes at 1pm. The need to accommodate that supply may have played into some of the weakness y...
Tue, Apr 9 2013, 5:31 PM
Freddie Mac and Fannie Mae (the GSEs) refinanced a total of 97,589 mortgages through the Home Affordable Refinance Program ( HARP ) in January compa...
Tue, Apr 9 2013, 4:12 PM
Treasuries looked like they were going to put in a nearly perfect repeat performance of yesterday's movements coming out of the 1pm hour (specifically...
Tue, Apr 9 2013, 3:07 PM
Fannie Mae's Servicer Total Achievement
and Rewards Program (STAR) hit a new milestone in 2012. For the first time since the award was initiated
in...
Tue, Apr 9 2013, 3:04 PM
Mortgage rates were only slightly higher today, after rising at their quickest pace in more than two weeks yesterday. Treasuries and MBS (the Mor...
Tue, Apr 9 2013, 2:26 PM
Homeowner beneficiaries of the recent
settlement agreement made by the Comptroller of the Currency (OCC) and the Federal
Reserve Board with 13 mortg...
Mon, Apr 8 2013, 12:32 PM
According to the U.S. Census Bureau fewer domestic households have debt, but those who do, have more of it. It's research team writes, "The percentage...
Mon, Apr 8 2013, 11:56 AM
It's been one of "those Mondays" so far with newswires and market movements struggling to keep market watchers entertained. That's a good thing in th...
Mon, Apr 8 2013, 11:23 AM
Americans' attitudes toward most key
housing measures remained stable between February and March. The National Housing Survey conducted monthly
b...
Mon, Apr 8 2013, 7:37 AM
Sometimes everything comes together just perfectly. Last week was one of those weeks as far as MBS were concerned with Friday's reaction to the Job's...
Mon, Apr 8 2013, 4:20 PM
MBS prices fell all the way to early Friday morning levels this afternoon as an average Monday morning got sloppy as the day progressed. The volume d...
Mon, Apr 8 2013, 2:19 PM
Mortgage rates rose moderately today for the first time in more than a week, marking at least a temporary end to the most aggressive move lower sin...
Fri, Apr 5 2013, 12:16 PM
The focal point of the week--this morning's Employment Situation report--fully delivered on its anticipated role as a big market mover. In this case,...
Fri, Apr 5 2013, 9:55 AM
Yesterday I was in Denver, speaking at the Colorado Mortgage Lenders Association, and, besides the increasing need for capital among lenders, the rumo...
Fri, Apr 5 2013, 7:42 AM
What a difference silence from Europe makes! After Italy announced that it would be a good 10 days before we heard anything from the 10 wise men ( re...
Fri, Apr 5 2013, 4:20 PM
By now, it's clear that 3 days of bad employment data gave MBS a big
boost this week, but if it feels like there's more to it than that,
there is....
Fri, Apr 5 2013, 4:10 PM
Mortgage rates fell hard today, further
extending an already impressive move lower over the course of the week.
Improvements accelerated throu...
Fri, Apr 5 2013, 3:18 PM
The March Housing Scorecard for March, jointly
produced by the Departments of Treasury and Housing and Urban Development,
focused on the large annua...
Thu, Apr 4 2013, 12:20 PM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Thu, Apr 4 2013, 12:14 PM
Here is what the public sees: a story from Bloomberg noting, "More American homeowners will be able to use their properties as cash machines again a...
Thu, Apr 4 2013, 11:50 AM
While there have been numerous
studies of the effects of pre-purchase counseling , the NeighborWorks program
has never been independently evaluated...
Thu, Apr 4 2013, 11:36 AM
The number of metropolitan areas on the National Association
of Home Builders/First American Improving Markets Index (IMI) slipped by one in
April...
Thu, Apr 4 2013, 8:05 AM
Yesterday, we began by pondering whether or not the ADP Payrolls or ISM Non-Manufacturing data would "break the monotony" that had, thus far, pervaded...
Thu, Apr 4 2013, 4:41 PM
The bad employment numbers
keep on coming and the good times keep on rolling for bond markets.
Specifically, MBS tightened vs Treasuries in a BIG w...
Thu, Apr 4 2013, 3:39 PM
Mortgage rates continued moving significantly lower today, extending a rally that brought them to their best levels in a month yesterday. Because ...
Thu, Apr 4 2013, 3:35 PM
A New York mortgage company has been sued by the U.S.
Department of Justice (DOJ) for alleged fraud against the Federal Housing
Administration (FHA...
Thu, Apr 4 2013, 1:40 PM
The four largest remaining private
mortgage insurance (PMI) companies have agreed to end what the Consumer
Financial Protection Bureau ( CFPB ) call...
Wed, Apr 3 2013, 12:14 PM
For the most part, this morning's price action in MBS and Treasuries would be best characterized as a healthy rally, but as we postulated in the most ...
Wed, Apr 3 2013, 10:29 AM
Rapidly rising home prices were confirmed by another
report this morning, this one from CoreLogic.
Its Home Price Index (HPI) jumped 10.2 percen...
Wed, Apr 3 2013, 9:36 AM
The pending increase in FHA guarantee
fees pushed applications for government-backed purchase mortgages up 7 percent butt
the overall volume of mo...
Wed, Apr 3 2013, 8:31 AM
I am continuing to hear that a) pipelines and fundings are ahead of where they were in 2012 in early April, but that pipelines and fundings are down...
