Tue, Feb 12 2013, 7:30 AM
There remains zero on tap in terms of domestic economic data (unless you're a deep thinker on labor markets and want to count the Job Openings and Lab...
Tue, Feb 12 2013, 6:25 AM
"Rob, where's a good place to learn about the new FHA MIP structure, and the possible implication for Ginnie securities?" Good question, especially si...
Tue, Feb 12 2013, 5:37 PM
Freddie Mac borrowers who refinanced
in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM)
and 27 percent of them chose ...
Tue, Feb 12 2013, 4:26 PM
MBS prices were slightly lower out of the gate this morning as markets whipped around on a moderate resurgence of tradeflows after weather and holiday...
Tue, Feb 12 2013, 3:30 PM
Mortgage rates continued to inch lower on Tuesday as part of a two day move back down from recent highs. The change in rates compared to yesterday...
Tue, Feb 12 2013, 3:29 PM
The
credit reporting industry's trade group, the Consumer Data Industry Association
(CDIA) is vigorously disputing much of a CBS 60 Minutes (w...
Mon, Feb 11 2013, 12:12 PM
Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. Accor...
Mon, Feb 11 2013, 11:44 AM
Whether we're talking about ceilings in terms of MBS prices or floors in terms of Treasury yields, the specific cross-section of "bond markets" we're ...
Mon, Feb 11 2013, 11:42 AM
HOPE NOW , the voluntary, private
sector alliance of mortgage servicers, investors, mortgage insurers and non-profit
counselors, has now helped over...
Mon, Feb 11 2013, 11:04 AM
Home
prices in the fourth quarter of 2012 showed a rate of annual appreciation
greater than in any quarter since the end of 2005 the National Ass...
Mon, Feb 11 2013, 10:56 AM
This is the second of two installments ( part 1 )
summarizing a seminar given by Ballard Spahr, a national law firm, to explain
the possible ramific...
Mon, Feb 11 2013, 8:07 AM
After a reasonable amount of weakness in the morning, broader bond markets were able to ratchet down to some of their best levels since January 25th ...
Mon, Feb 11 2013, 4:18 PM
By the time it's over, today will be close to the slowest day of the year. Asia was out due to holidays in Japan and China. Europe was fairly quiet an...
Mon, Feb 11 2013, 3:18 PM
Mortgage rates backed down from recent highs to begin the week, with moderate improvements to the costs associated with prevailing rates. This mea...
Mon, Feb 11 2013, 2:23 PM
A recent
spate of large loan servicing transfers has prompted the Consumer Financial
Protection Bureau ( CFPB ) to issue a bulletin advising servi...
Fri, Feb 8 2013, 12:28 PM
Ballard Spahr , a national law firm conducted
a web seminar this week to explain the possible ramifications of a recent Appeals
Court ruling inv...
Fri, Feb 8 2013, 12:15 PM
MBS are tanking this morning in just about as negative a scenario as
we could imagine short of a major headline market mover. Yesterday's
headlin...
Fri, Feb 8 2013, 7:11 AM
Friday was probably already going to be a wild card, but it's made even more so due to the big, nasty snowstorm set to hit the east coast this mornin...
Fri, Feb 8 2013, 5:46 PM
Unlike the well-forecast storm in the northeast, movements in bond markets this morning were less well-telegraphed. That said, this morning's pre mar...
Fri, Feb 8 2013, 4:16 PM
Mortgage rates rose purposefully today, as mortgage-backed-securities (MBS) coped with tough trading conditions for a variety of reasons. Lenders ...
Fri, Feb 8 2013, 4:11 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the January edition of the Obama
...
Fri, Feb 8 2013, 1:32 PM
"Rob, what's going to happen to all those agency MBS owned by the Fed? If rates start to go up, and their prices drop, what will that do to the Fed's ...
Thu, Feb 7 2013, 12:52 PM
Forty-five Democratic members of the
House of Representatives have sent a letter to President Obama urging him to
appoint a permanent director to ...
Thu, Feb 7 2013, 12:44 PM
Today we have Part 2 of statistics and facts related to Black (African American) History Month. Just as I do for many other significant groups here in...
Thu, Feb 7 2013, 12:21 PM
Markets were apparently prepared for more economically bullish sentiments from ECB's Draghi this morning, or at least that's the superficial takeaway ...
Thu, Feb 7 2013, 11:11 AM
"The housing market continues to firm, with
consumer home price expectations for both rental and ownership properties near
the strongest levels that...
Thu, Feb 7 2013, 10:37 AM
On
Wednesday the House Financial Services Committee held the first of a scheduled series
of hearings on the financial condition of the Federal Hous...
Thu, Feb 7 2013, 7:43 AM
Heading into and out of the first Friday of most months, it's common to see volatility swell and ebb around the Employment Situation Report. Granted,...
Thu, Feb 7 2013, 7:16 PM
Two U.S. Senators have reintroduced
legislation to help homeowners refinance into lower interest mortgages . The bill,
T he Responsible Homeowne...
Thu, Feb 7 2013, 4:44 PM
MBS were already having sort of a shaky day versus Treasuries, but had been doing a decent enough job of holding their ground until around 3pm. The r...
Thu, Feb 7 2013, 3:42 PM
Mortgage rates began the day in decent territory, with most lenders unchanged to slightly lower in cost vs yesterday. Trading in Mortgage-backed-s...
Thu, Feb 7 2013, 1:34 PM
The Consumer Financial Protection Bureau
(CFPB) has teamed up with the City of Newark to provide an immediate and
accessible conduit for consumer co...
Thu, Feb 7 2013, 1:30 PM
More than one-third of the houses purchased in
California in 2012 were all-cash sales , a record for such transactions. DataQuick said today that...
Wed, Feb 6 2013, 12:12 PM
Much like yesterday, today has been uncharacteristically slow in the context of recent volatility. Unfortunately, that slowness has served as the pla...
Wed, Feb 6 2013, 12:00 PM
"The fact that all 50 states now
have at least one metro on the improving list shows that the housing recovery
has substantial momentum and contin...
Wed, Feb 6 2013, 8:17 AM
After decreasing during the holiday
shortened week ended January 25 the pace of mortgage applications returned last
week to the upward track it ha...
Wed, Feb 6 2013, 7:31 AM
Yesterday, the first thought we shared about the previous sessions was: "bond markets traded well on Monday." What a difference a day makes... Bon...
Wed, Feb 6 2013, 5:19 PM
And the discussion of mortgage lender versus Realtor political participation continues . Julie P. writes, "Rob, I'd love to encourage all of my fello...
Wed, Feb 6 2013, 5:06 PM
PNC
Mortgage has settled a suit brought by the Department of Housing and Urban
Development ( HUD ) for alleged discrimination.
The suit charges...
Wed, Feb 6 2013, 4:22 PM
Wax-on: solid gains throughout the day on Monday. Wax-off: gains mostly erased in Europe overnight on Tuesday. Wednesday, then, is "wax-on, risk-off"...
Wed, Feb 6 2013, 3:32 PM
Mortgage rates did a complete 180, for the second straight session. This reverses yesterday's rise in borrowing costs, taking them back in line w...
Tue, Feb 5 2013, 12:03 PM
The Department of Justice (DOJ) has
released details of the suit it has filed against Standard and Poor's (S&P)
Ratings Services and its parent ...
Tue, Feb 5 2013, 11:57 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Tue, Feb 5 2013, 10:58 AM
Home prices in December posted the largest annual increase in
nearly seven years according to CoreLogic's Home Price Index (HPI) report. December...
Tue, Feb 5 2013, 10:22 AM
Here in Las Vegas there is a concrete convention taking place. A trained economist could do a tremendous amount of analysis, chart reading, capital al...
Tue, Feb 5 2013, 10:10 AM
The U.S. Department of Justice (DOJ) filed
suit yesterday against Standard & Poor's and its parent McGraw-Hill
Companies over alleged illegal behavi...
Tue, Feb 5 2013, 9:59 AM
Senate Republicans have fired the first
two shots in a renewed battle over the Consumer Financial Protection Bureau
( CFPB ). President Barack Obam...
Tue, Feb 5 2013, 6:06 AM
Bond markets traded well on Monday. In fact, 10 yr yields dropped more than any session since early November. Then again, they were starting out the...
Tue, Feb 5 2013, 5:08 PM
In the absence of heavy-hitting domestic considerations such as
last week's impressive slate of economic data and events (NFP, FOMC
Announcement...
Tue, Feb 5 2013, 3:42 PM
Two members of the Senate Banking Committee have introduced legislation which, if enacted, would severely restrict activities of the Federal Reserve ...
