Wed, Jul 31 2013, 9:00 AM
" Mortgage rates were little changed
last week, but remain roughly one percentage point higher than they
were three months ago," said Mike Fratanto...
Wed, Jul 31 2013, 8:13 AM
After nearly a month of waiting , the three days are now upon
us that stood out as the most significant three days all the way back on
July 8th (...
Wed, Jul 31 2013, 5:49 PM
The Fed is to be applauded for mentioning mortgage rates in today's
official Announcement in an unprecedented way. While the Fed is the
very pict...
Wed, Jul 31 2013, 4:56 PM
Mortgage rates are deceptively unchanged here
at the end of the trading day, but that was far from the case this
morning. Rates were signific...
Wed, Jul 31 2013, 1:59 PM
Information received since the Federal Open Market Committee met in June
suggests that economic activity expanded at a modest pace during the
firs...
Wed, Jul 31 2013, 1:20 PM
Senate Bill 1376, A bill to improve
the Federal Housing Administration and to ensure the solvency of the
Mutual Mortgage Insurance Fund, has been...
Tue, Jul 30 2013, 12:28 PM
Step back from MBS prices far enough to see more than a few days and it
becomes clear that we're grinding sideways in an increasingly narrow
range...
Tue, Jul 30 2013, 10:52 AM
S&P/Dow Jones Indices said this
morning that its Case-Shiller 10-City and 20-City Composite Indices continued
to rise in May, up 2.5 percent and 2.4...
Tue, Jul 30 2013, 9:57 AM
There were 55,000 completed foreclosures in the U.S.
in June CoreLogic reported this morning.
This is a 2.5 increase from May when there were a r...
Tue, Jul 30 2013, 9:45 AM
Uh oh, just as I head to New York, this comes up. When the new MIP rules
went into effect, disclosures needed to be updated. A very informal
pol...
Tue, Jul 30 2013, 6:43 AM
While the "day before the day with huge potential volatility"
occasionally surprises us with a relatively large preemptive move, we're
still waiti...
Tue, Jul 30 2013, 4:28 PM
We have it on good authority that tomorrow is Wednesday and that there's
a lot of "stuff" going on that bond markets might care about. That
inclu...
Tue, Jul 30 2013, 4:09 PM
Fannie Mae and Freddie Mac told their
lenders today that they will soon provide a common industry data set for the Consumer
Financial Protection B...
Tue, Jul 30 2013, 4:03 PM
Commercial and multifamily mortgage
originations jumped 36 percent in the second quarter of 2013 compared to the
first quarter and were up 7 perce...
Tue, Jul 30 2013, 3:10 PM
Mortgage rates were essentially unchanged today ,
with some lenders in marginally better shape while others were
marginally worse. Some of thi...
Mon, Jul 29 2013, 12:26 PM
Given the abundance of data and events due out later this week, bond
markets have unofficially extended the weekend through today as far as
tradin...
Mon, Jul 29 2013, 12:15 PM
May home price rose 1.3 percent nationally on Lender
Processing Services (LPS) Home Price Index (HPI) the company said today. The
index is now at ...
Mon, Jul 29 2013, 10:32 AM
Rising interest rates and home prices
are blamed for a slight dip in the number of pending sales in June the National
Association of Realtors® (NAR)...
Mon, Jul 29 2013, 9:38 AM
I am visiting Montana, and Butte just wrapped up "Evil Knievel Days"
over the weekend. (I had an acquaintance who was married to his sister -
thei...
Mon, Jul 29 2013, 8:27 AM
If market participants have been on vacation literally or
figuratively (and many have), this is the week worth coming back for.
In fact, it's one...
Mon, Jul 29 2013, 4:42 PM
In the same vein as Wells Fargo and Chase, Everbank today announced it would no longer be offering a wholesale lending
channel. While nowhere n...
Mon, Jul 29 2013, 4:26 PM
It's no secret by now that Wednesday through Friday of this week bring
an exceptionally heavy load of economic data and events, collectively
carry...
Mon, Jul 29 2013, 4:04 PM
Mortgage rates were slightly higher
to begin a week that could end with much bigger swings. Today,
however, was relatively tame with market c...
Fri, Jul 26 2013, 12:33 PM
At this point the day has gone off almost perfectly as scripted.
Overnight data and events were irrelevant and did nothing to move bond
markets. ...
Fri, Jul 26 2013, 10:52 AM
The cost, efficacy and fairness of the
mortgage interest deduction ( MID ) are part of nearly every discussion
in Washington about the tax code, h...
Fri, Jul 26 2013, 10:25 AM
I am fortunate enough to do a little speaking, and in fact next week
am heading to New York for a Sterling National Bank event. But I
received thi...
Fri, Jul 26 2013, 7:04 AM
There are two things that traders may focus on today: Consumer Sentiment
data and Exit signs. That's not anything to do with exiting a trading
po...
Fri, Jul 26 2013, 5:25 PM
Mortgage rates improved today ,
capitalizing on friendly market movements that arrived too late in
yesterday's session to make it onto rate she...
Fri, Jul 26 2013, 4:55 PM
Let's be realistic about markets--bond markets anyway. Nothing happened
this week. Of course "nothing" sounds a bit dramatic, so let's qualify
t...
Fri, Jul 26 2013, 3:03 PM
Here's another weekly installment of Do's and Don't's for
prospective borrowers embarking on, or already engaged in the home mortgage
process. ...
Fri, Jul 26 2013, 2:10 PM
Last week the Office of Inspector
General (OIG) of the Federal Housing Finance Agency (FHFA) issued a
report on FHFA's initiative to use guarantee f...
Thu, Jul 25 2013, 11:50 AM
Bond markets began the day in moderately weaker territory and have given
up ground steadily since then. The batch of morning economic data was a
...
Thu, Jul 25 2013, 10:40 AM
About
50 broadly diversified investors are participating in a $500 million
offering by Freddie Mac of Structured Agency
Credit Risk (STACR SM ) D...
Thu, Jul 25 2013, 10:21 AM
Lender Processing Services (LPD) will
be reporting a huge spike in the U.S. Loan delinquency rate when it
releases its Mortgage Monitor
for Jun...
Thu, Jul 25 2013, 9:50 AM
"America is the only country where a significant proportion of the
population believes that professional wrestling is real but the moon
landing wa...
Thu, Jul 25 2013, 7:07 AM
When you see the word " technically " in this blog, it's safe to
assume that it means "according to a strictly technical assessment of
market move...
Thu, Jul 25 2013, 5:53 PM
To be fair, the late rally actually only "further preserved" the
range-trade. The heavy lifting in that regard had already been
accomplished by s...
Thu, Jul 25 2013, 4:00 PM
Mortgage rates began the day moderately higher ,
but as market conditions improved most lenders released improved rate
sheets bringing offering...
Thu, Jul 25 2013, 2:43 PM
Freddie Mac reported today that its
total mortgage portfolio increased at an annualized rate of 0.5
percent in June. The portfolio balance at t...
Thu, Jul 25 2013, 2:36 PM
Reuters is reporting that federal
regulators are considering revamping some of their rules related to
the retained risk provisions of the Dodd-Fra...
Wed, Jul 24 2013, 11:01 AM
New home sales in June rose to a
seasonally adjusted rate of 497,000 units an increase of 8.3 percent
compared to sales in May. The June figure w...
Wed, Jul 24 2013, 10:53 AM
While
foreclosure starts in California bumped up slightly in the second
quarter, the number of homeowners entering foreclosure in that state
was ...
Wed, Jul 24 2013, 10:20 AM
It is hard to drive by a corner without seeing a gas station or a
bank these days. That doesn't mean banks are all huge, especially here
in Colora...
Wed, Jul 24 2013, 8:54 AM
Applications
for refinancing continued to fall during the week ended July 19 and,
according to the Mortgage Bankers Association (MBA) are now at t...
Wed, Jul 24 2013, 6:27 AM
Whereas Tuesday stood out on the calendar as the least significant
day of the week in terms of the scheduled data on tap combined with the
least i...
Wed, Jul 24 2013, 4:28 PM
Today's session has all the trappings of a good, old-fashioned wake-up call .
Here we've been drifting rather pleasantly into positive enough
te...
Wed, Jul 24 2013, 3:54 PM
Investors have played a major role in
California real estate since the financial crisis began and are
continuing to fuel the housing recovery in tha...
Wed, Jul 24 2013, 3:48 PM
Mortgage rates were higher again
today, but this time at the quickest pace in nearly two weeks. It was a
clear departure from the recent tren...
Wed, Jul 24 2013, 2:00 PM
Among topics covered in a report from
the Special Inspector General for the Troubled Asset Relief Program
(SIGTARP) issued today was a critical sum...
Wed, Jul 24 2013, 1:00 PM
In more than a few ways, the past 3-4 sessions have been far enough away from reality so as to be discounted with respect to their impact on the bigge...
