Fri, May 10 2013, 3:19 PM
Federal Reserve Governor Elizabeth A. Duke, told an audience at the Housing Policy Executive Council on Thursday that despite the sustained recovery...
Fri, May 10 2013, 2:28 PM
The California Association of Realtors® (C.A.R.) said today that rising home prices in the state are putting a dent in housing affordability . Fif...
Fri, May 10 2013, 1:02 PM
Sorry to be getting the recap out to you later than normal, but updates and alerts for the MBS Live community are first and foremost, and on days l...
Thu, May 9 2013, 11:56 AM
The 30yr Bond Auction is coming up at 1pm, and while it's Treasuries that are being auctioned, the extra supply in the market has a moderate ripple ef...
Thu, May 9 2013, 11:30 AM
The Consumer Financial Protection Bureau (CFPB) is proposing to delay implementation of part of the Loan Originator Compensation Requirements it i...
Thu, May 9 2013, 11:15 AM
The employment picture continues to evolve. For example, earlier this week BB&T announced it will consolidate 37 markets into 23 and eliminate 14 re...
Thu, May 9 2013, 7:46 AM
For the first time this week , we'll get economic data in the morning that actually stands a chance to move markets. In fact, the only 2 reports of ...
Thu, May 9 2013, 4:55 PM
To see the story told on MBS chart, it was an incredibly dramatic day
that ended with a steep sell-off. Several negative reprices late in the
day...
Thu, May 9 2013, 4:39 PM
Mortgage rates ended the day in line with yesterday's levels on
average, making this the second straight day with unchanged rates and
unchanged...
Thu, May 9 2013, 3:49 PM
Despite rising home prices in U.S. metropolitan areas in the first quarter, the National Association of Realtors® (NAR) said today that home affordab...
Thu, May 9 2013, 2:27 PM
A former
senior official at Wilmington Trust Company, Wilmington, Delaware has pleaded
guilty to one count of conspiracy to commit bank fraud acco...
Thu, May 9 2013, 1:33 PM
Fannie Mae reported today that it had pre-tax income of $8.1 billion in the first quarter of 2013, the largest quarterly results in the company's hist...
Wed, May 8 2013, 12:46 PM
Freddie Mac is reporting that it earned net income of $4.6 billion in the first quarter of 2013, the second largest amount in the company's history ,...
Wed, May 8 2013, 12:10 PM
Take note of the timestamp in the table below as things have changed somewhat from 11:09am EST. Bond markets put in good gains at the outset this mor...
Wed, May 8 2013, 10:22 AM
The decline in mortgage delinquencies appears to be picking up speed according to TransUnion's quarterly delinquency report . The national rate of l...
Wed, May 8 2013, 10:13 AM
What's in a name? Plenty - just ask anyone about how the name Fifth Third came about, or the confusion resulting from RFC to GMAC to Ally to...Green L...
Wed, May 8 2013, 9:04 AM
While refinancing drove mortgage originations, a small uptick was enough to send purchase applications to a three year high according to data from...
Wed, May 8 2013, 6:37 AM
If bond market trading were a movie script , we're at that point just after "the girl" yells at "the guy." In the romantic comedies with the happy e...
Wed, May 8 2013, 4:15 PM
Today's trading was certainly more active than yesterday's in terms of both movement and volume. The movement started out on the weak side in US Hours...
Wed, May 8 2013, 3:03 PM
Mortgage rates were almost perfectly flat today, ending a 4 day trend higher, for now. That trend began on Thursday and of course saw it's biggest...
Wed, May 8 2013, 2:25 PM
In a relatively scathing op-ed published today in the New York Daily News, New York State Attorney General Eric T. Schneiderman again called on P...
Tue, May 7 2013, 11:57 AM
The April edition of Fannie Mae's National Housing Survey revealed increasing optimism in American attitudes toward both housing and the overall eco...
Tue, May 7 2013, 11:38 AM
Much like yesterday, MBS opened in line with the lows from the previous afternoon (yesteray's "previous afternoon" would be Friday, of course). Also ...
Tue, May 7 2013, 10:49 AM
"Rob, do you know if an LO, AE, or correspondent rep has a matching 401(k) plan with their company, are bonuses including in that? Has the CFPB ruled ...
Tue, May 7 2013, 9:28 AM
Home prices measured by CoreLogic increased by 10.5 percent on an annual basis in March, the largest year-over-year increase since March 2006 . The ...
Tue, May 7 2013, 7:37 AM
Monday stood a chance to be eventful, if for no other reason than it was the first day back after Friday's mega NFP sell-off. It turned out to be ex...
Tue, May 7 2013, 4:59 PM
You may have to imagine the title of today's MBS RECAP set to the tune of "Super Freak." Indeed, the trading day was freakishly flat as far as MBS we...
Tue, May 7 2013, 4:38 PM
Mortgage rates rose again today, continuing the steady move higher seen yesterday. In the bigger picture, Friday's jobs report did the most severe...
Tue, May 7 2013, 4:15 PM
Fannie Mae
spotlighted the availability of its Servicing Management Default Underwriter TM
(SMDU TM ) today while alerting servicers that use of th...
Tue, May 7 2013, 1:23 PM
Refinancing volume remained high in February with more than 463,000 transactions completed through Freddie Mac and Fannie Mae (the GSEs) during the ...
Mon, May 6 2013, 12:29 PM
Freddie Mac and Fannie Mae , as directed by the Federal Housing Finance Agency ( FHFA ), took the first steps in implementation of the new " Qualifi...
Mon, May 6 2013, 12:08 PM
With nothing on the economic calendar to move markets and no surprisingly inspirational headlines, MBS and Treasuries have been coasting along in a na...
Mon, May 6 2013, 11:36 AM
In
prepared remarks for a speech before the Mortgage Bankers Associations 2013
Secondary Market Conference on Monday MBA CEO David H. Stevens call...
Mon, May 6 2013, 10:34 AM
How about some historical perspective to help LOs learn a little history on assumable loans? I recently received this note: "FHA and VA had assumable ...
Mon, May 6 2013, 7:21 AM
Apart from a round of Treasury auctions , the week ahead is exceptionally silent, with Thursday's initial Jobless Claims data being the only quasi-si...
Mon, May 6 2013, 4:34 PM
After losing as much ground as MBS and Treasuries lost on Friday, the breadth of expectations for today's trading widened considerably. The biggest r...
Mon, May 6 2013, 2:45 PM
Mortgage rates moved gently higher today compared to Friday's calamitous surge higher, which was among the 5 worst days for rates of the past two ...
Mon, May 6 2013, 2:09 PM
New York Attorney General Eric Schneiderman announced at a press conference this afternoon that his office will be suing Bank of America Corp (BOA) ...
Mon, May 6 2013, 1:43 PM
In yet another indication that the housing market is stabilizing, Lender Processing Services (LPS) said today that new problem loan rates have falle...
Mon, May 6 2013, 1:24 PM
The list of improving markets compiled by the National Association of Homebuilders (NAHB) and First American Title appears to have hit an inevitab...
Fri, May 3 2013, 10:58 AM
The Consumer Financial Protection Bureau (CFPB) has just published three compliance guides to help both lenders and consumers understand some of t...
Fri, May 3 2013, 10:49 AM
The seminar, earning, and agency news just won't stop! Richey May & Co ., an accounting firm based in Denver that specializes in serving mortgag...
Fri, May 3 2013, 8:15 AM
Baseball has been very very good to us--doing a relatively perfect job of helping us characterize the "lead-off" that bond markets have been taking ...
Fri, May 3 2013, 4:29 PM
Today's jobs report made for the first significant swing to the weak side for MBS and Treasuries, but through the rest of the day, losses deepened, ta...
Fri, May 3 2013, 4:03 PM
Mortgage rates shot higher at their fastest pace in two months after this morning's hotly anticipated Employment Situation Report showed that job...
Fri, May 3 2013, 3:31 PM
This morning's Employment Situation Report had been the most hotly anticipated piece of data for bond markets for the past three weeks, and with it's ...
Fri, May 3 2013, 1:43 PM
Each of the government sponsored enterprises ( GSEs ) has released a report analyzing the viability of their multifamily operations under a scenario...
Fri, May 3 2013, 1:02 PM
Approximately 20,000 severely delinquent FHA-guaranteed mortgage loans will be offered to investors through two Department of Housing and Urban De...
Thu, May 2 2013, 12:48 PM
Congressman Elijah E. Cummings recently introduced a bill that would create an independent monitor to oversee the distribution of funds paid by mor...
Thu, May 2 2013, 12:19 PM
There were three pieces of domestic economic data at 8:30am, but only one of them mattered to bond markets. Jobless Claims came in at 324k versus a f...
