Tue, Feb 5 2013, 2:15 PM
Mortgage rates did a complete 180, reversing yesterday's improvement , and taking rates back in line with recent highs. That sounds fairly ominous,...
Mon, Feb 4 2013, 11:43 AM
If anyone asks you, "Whatever happened to that 'Shadow Inventory' we were all concerned about?" you can respond that part of it is being soaked up b...
Mon, Feb 4 2013, 11:42 AM
Bond markets began the day just barely in the green after a disconcerting overnight session. Things were more tenuous in the earlier morning hours wh...
Mon, Feb 4 2013, 9:26 AM
Wells Fargo ranks as the largest
servicer, by dollar volume, of commercial and multifamily mortgages according
to a new report from the Mortgage ...
Mon, Feb 4 2013, 7:02 AM
Last week was unpleasant for fans of low interest rates. We moved to multi month highs in mortgage and Treasury rates, spending the most time at " 2+...
Mon, Feb 4 2013, 5:39 PM
Small numbers of domestic banks responded to the Federal
Reserve's January survey of senior loan officers with
indications that they have eased th...
Mon, Feb 4 2013, 4:37 PM
Perhaps less than coincidentally, the S&P just closed at it's lowest levels in more than a week on the same day that many lenders' rate sheets were at...
Mon, Feb 4 2013, 4:11 PM
Mortgage rates regained a good amount of lost ground today as most lenders' rate sheets were in line with or better than last week's rates. The ov...
Fri, Feb 1 2013, 12:59 PM
Please note the timestamp on the pricing snapshot below. Bond markets have sold off a fair amount since then, breaking through the 103-16 pivot in MB...
Fri, Feb 1 2013, 11:53 AM
CoreLogic presented more evidence today
that the foreclosure epidemic in the U.S., while still a serious concern, is
rapidly improving . There wer...
Fri, Feb 1 2013, 10:21 AM
The free markets are a wonderful thing. Where else could we find a banana slicer ? Page down a couple times for the comments - just as good as any co...
Fri, Feb 1 2013, 8:24 AM
Fannie Mae said
on Thursday that its Book of Business declined at a compound annual rate of 4.8
percent in December to a value of $3.19 trillion c...
Fri, Feb 1 2013, 6:59 PM
If this, by some happy chance, is the first time today that you've looked at bond market activity, congratulations! Knowing that we were heading into...
Fri, Feb 1 2013, 6:10 PM
Mortgage rates were slightly higher in most cases today. The small differences between rates at the end of the day today versus yesterday don't ev...
Thu, Jan 31 2013, 12:03 PM
Bond markets coasted into the domestic session in marginally improved territory ahead of this morning's economic data. A look at the overnight tradin...
Thu, Jan 31 2013, 11:13 AM
The December Mortgage Monitor
report released by Lender Processing Services and covering performance data for
the full 2012 calendar year , found t...
Thu, Jan 31 2013, 9:55 AM
Lender
Processing Services will pay an aggregated sum of $127 million to
resolve suits with 46 states and the District of Columbia arising out of...
Thu, Jan 31 2013, 9:50 AM
RealtyTrac, the Irvine, California firm that tracks
foreclosure activity nationwide, reports that foreclosure activity increased
last year in 57 ...
Thu, Jan 31 2013, 7:44 AM
Sometimes opening acts are surprisingly entertaining, or perhaps even moving. But more often than not, the headliner is what you came to see and the ...
Thu, Jan 31 2013, 7:32 AM
By the time we reach the Friday of an NFP week, there's little else left to say or do besides wait for 8:30am. That's made doubly true this week due ...
Thu, Jan 31 2013, 4:54 PM
Unlike some pre-NFP Thursdays, which start to exhibit some sort of "lead-off" in either direction, today's was poster child for "calm before the storm...
Thu, Jan 31 2013, 4:07 PM
Mortgage rates were very slightly lower in most cases, making for marginal improvements in borrowing costs within the confines of recently higher i...
Thu, Jan 31 2013, 3:32 PM
Detroit...near bankruptcy ? But many areas are doing well. As housing in established urban neighborhoods becomes ever rarer and more expensive, buyer...
Thu, Jan 31 2013, 3:21 PM
Homeowners
whose homes were damaged by the late October super-storm Sandy are getting an
extension of the mortgage relief extended immediately a...
Wed, Jan 30 2013, 12:03 PM
Bond markets had done a somewhat decent job of clawing back from overnight weakness by the time the domestic session got underway. The stronger-than-...
Wed, Jan 30 2013, 10:28 AM
Super Bowl XLVII, between the Baltimore Ravens and the San Francisco 49ers, will be played Feb. 3 at the Superdome, which will be the 10th time the Su...
Wed, Jan 30 2013, 9:46 AM
After a strong showing in the first few
weeks of the New Year, mortgage applications dropped sharply during the week
ended January 25. The Mortga...
Wed, Jan 30 2013, 5:04 PM
It was quite the odd FOMC Announcement day... Here we were, planning on the week's biggest TWO events being today's FOMC Announcement and Friday's NF...
Wed, Jan 30 2013, 4:07 PM
Mortgage rates began the day at broadly higher levels, as bond markets moved higher in yield overnight and again after the morning's economic data...
Wed, Jan 30 2013, 3:15 PM
Federal Housing Administration
Commissioner Carol Galante has just announced several significant changes to
FHA requirements, processes, and fees ...
Wed, Jan 30 2013, 2:20 PM
Information received since the Federal Open Market Committee met in December suggests that growth in economic activity paused in recent months, in lar...
Tue, Jan 29 2013, 10:59 AM
Huh? "Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the propertie...
Tue, Jan 29 2013, 10:43 AM
The S&P/Case Shiller Home Price Indices posted
another set of strong and broad-based annual increases in November 2012. Data released today shows ...
Tue, Jan 29 2013, 9:15 AM
Freddie Mac and Fannie Mae have written a new escape
clause into servicing regulations for homeowners who are both underwater and
struggling to meet...
Tue, Jan 29 2013, 7:44 AM
Yesterday we noted that it was " almost an insult " to look out on the day ahead in terms of the events on the calendar when tradeflows and technica...
Tue, Jan 29 2013, 7:07 AM
10yr yields breaking above 2.0% was a concern for MBS market participants because of the way they adjust their portfolios to account for anticipated d...
Tue, Jan 29 2013, 6:30 PM
Whether or not we agree that the " Great Rotation " will continue to, well... rotate, its inherent themes have been playing out in markets daily. Tod...
Tue, Jan 29 2013, 4:37 PM
Mortgage rates began the day much improved compared to Monday's latest offerings, but the gains mostly evaporated by the end of the session. The m...
Tue, Jan 29 2013, 1:19 PM
MBS Live : MBS Morning Market Summary
Treasuries were slightly weaker during the first part of the overnight session, but stayed under Mond...
Mon, Jan 28 2013, 11:50 AM
"I have a switch in my apartment that doesn't do anything. Every once in a while I turn it on and off. One day I got a call from a guy in France who s...
Mon, Jan 28 2013, 11:46 AM
The only thing we can be sure of at the moment is that bond markets are in weaker territory. They were weaker overnight. They were incrementally wea...
Mon, Jan 28 2013, 10:49 AM
Even though contract signings declined
in December it was the 20 th straight month where pending home sales increased
on an annual basis. The Na...
Mon, Jan 28 2013, 7:49 AM
For bond markets, and even markets in general, things don't get much busier than they will be this week in terms of economic data, potential market mo...
Mon, Jan 28 2013, 4:26 PM
Bond markets began the session in incrementally weaker territory than Friday afternoon after having held mostly steady in Europe and Asia. Bigger mov...
Mon, Jan 28 2013, 3:02 PM
The managing director of the mortgage-backed securities (MBS) desk at
Jefferies and Co. has been charged with fraud for allegedly lying about the...
Mon, Jan 28 2013, 2:26 PM
Mortgage rates moved sharply higher again on Monday, in a continuation of Friday's aggressive weakness ( Get Caught Up With Friday's Big Moves ...
Fri, Jan 25 2013, 12:06 PM
As opposed to one of those enigmatic trading days where MBS and Treasuries are moving rapidly in either direction without clearly being associated to ...
Fri, Jan 25 2013, 11:02 AM
Sales of new
homes fell in December, down 7.3 percent from November to a seasonally adjusted
annual rate of 369,000. This is 8.8
percent higher...
Fri, Jan 25 2013, 9:47 AM
Why do they call them buildings, when they are already done building them? Why not call them "crumblings" or "builts"? "I live in that Crumbling over...
Fri, Jan 25 2013, 9:34 AM
Eminent Domain
is no longer under consideration as a mortgage modification tool in San
Bernardino County California . The County
and two of its ...
