Fri, Jan 25 2013, 4:49 PM
Overnight, the ECB reported on the LTRO repayments for the first time since handing out the cheap 3-yr loans in late 2011. It turns out more than hal...
Fri, Jan 25 2013, 2:30 PM
Mortgage rates skyrocketed to their highest levels since August on Friday, both as a part of an ongoing move higher that began yesterday and more ...
Fri, Jan 25 2013, 1:50 PM
The U.S. Court of Appeals for the District of
Columbia just ruled that three recess appointments made by President Barack
Obama last year are con...
Thu, Jan 24 2013, 12:31 PM
The Joint Center for Housing Studies at Harvard University released this week a major report on the home remodeling industry . The U.S. Housing St...
Thu, Jan 24 2013, 12:03 PM
Sadly, our preoccupation with the "one week anniversary" of last week's Jobless Claims sell-off, turned out to be somewhat prophetic this morning as w...
Thu, Jan 24 2013, 11:28 AM
The economists
at Fannie Mae released their first economic forecast of 2013 and introduced their
theme for the New Year, " Transition to Normal ...
Thu, Jan 24 2013, 11:07 AM
Frequent air travelers know that FAA rules say that, "Arrival delay equals the difference of the actual arrival time minus the scheduled arrival time....
Thu, Jan 24 2013, 7:42 AM
Last Thursday was the worst day for bond markets since the first trading day of 2013, when markets were reacting to Fiscal Cliff developments after a ...
Thu, Jan 24 2013, 4:28 PM
There was a chart in the morning commentary ( THIS one, actually) that showed a long term downtrend in MBS prices as well as a few horizontal levels....
Thu, Jan 24 2013, 3:27 PM
Mortgage rates bounced back from a few days of moderate improvements today. Lenders typically don't release their first rate sheets of the day ...
Thu, Jan 24 2013, 2:26 PM
President Obama
has named Mary Jo White to head the Securities and Exchange Commission (SEC) and
reappointed Richard Cordray as Director of the Co...
Thu, Jan 24 2013, 2:06 PM
It appears that one of the nation's largest and most
troubled housing markets is getting back to normal. According to data released by DataQuick, No...
Wed, Jan 23 2013, 12:13 PM
After improving moderately in the overnight session, there hasn't been much by way of major market-moving data. The morning's only scheduled econ--FH...
Wed, Jan 23 2013, 10:29 AM
House prices
increased nationally by 0.6 percent from October to November on a seasonally
adjusted basis according to the Federal Housing Finance A...
Wed, Jan 23 2013, 10:02 AM
Three economists
told attendees at the International Builders Show that the housing market
should continue to improve on an accelerating basis in 2...
Wed, Jan 23 2013, 9:44 AM
Lender
Processing Services has provided advanced highlights of data being prepared for
its Monthly Monitor for December. The Monitor ,
which wi...
Wed, Jan 23 2013, 9:20 AM
The Mortgage
Composite Index, a measure of mortgage loan application volume , was up
significantly during the week ended January 18, its second str...
Wed, Jan 23 2013, 7:31 AM
Strange things are happening in Washington, or at least that's what we're meant to believe. If the Fiscal Cliff debate was any indication, then we we...
Wed, Jan 23 2013, 4:42 PM
Today saw the passage of the House bill to extend the Debt Ceiling deadline, which moves on to a Senate that's already indicated they'll send it to th...
Wed, Jan 23 2013, 4:00 PM
Mortgage rates were more unified in their improvements today after beginning the week rather equivocally on Tuesday. Most lenders offered improved...
Wed, Jan 23 2013, 1:35 PM
In this third installment summarizing a Getting on the Right Track: Improving Low-Income and Minority Access to Mortgage Credit after the Housing Bust...
Tue, Jan 22 2013, 12:02 PM
MBS began the day in weaker territory, though still in line with the lows from the narrow end of Friday's range. Treasuries chopped around in a reaso...
Tue, Jan 22 2013, 11:28 AM
Existing homes sold
in December at a seasonally adjusted annual rate of 4.94 million homes according
to the National Association of Realtors®.
Th...
Tue, Jan 22 2013, 10:13 AM
"Why don't cannibals eat divorcees? They're bitter." The jumbo lending market in Florida sure is becoming less bitter for lenders.
And on the r...
Tue, Jan 22 2013, 9:46 AM
In a recent paper entitled, Getting
on the Right Track: Improving Low-Income and Minority Access to Mortgage Credit
after the Housing Bust the H...
Tue, Jan 22 2013, 7:40 AM
With around one month left before hitting the debt ceiling, markets were geared up for a sideways grind, dominated by political uncertainty. Much lik...
Tue, Jan 22 2013, 4:28 PM
German economic sentiment data came in at the highest levels since May 2010... The House may pass legislation to extend the debt ceiling deadline unt...
Tue, Jan 22 2013, 3:50 PM
A senator has
asked federal banking regulators to simplify and align underwriting standards
for so-called Qualified Residential Mortgages (QRM) ...
Tue, Jan 22 2013, 3:22 PM
Mortgage rates were mixed, leaning toward slightly improved to begin the holiday-shortened week. Several lenders' rate sheets were slightly worse ...
Tue, Jan 22 2013, 1:20 PM
The Harvard Joint Center of Housing Studies recently released a study on the impact of the housing crisis on low-income and minority communities a...
Mon, Jan 21 2013, 3:30 PM
So is the free refi boom over? Not quite, but we're getting close. Below I explain, first by defining "free refi," then by offering some rate market c...
Sat, Jan 19 2013, 1:30 PM
The vast majority of people always need money, and always wants loans - of varying rates and from various sources. So does prohibiting banks from doin...
Fri, Jan 18 2013, 11:55 AM
After moving to disconcertingly weak levels in the Asian session, bond markets rallied back during European hours, ultimately coming in the door sligh...
Fri, Jan 18 2013, 9:55 AM
Here's your reminder for the weekend. Go out and buy some "Forever Stamps" during lunch or tomorrow (assuming your local post office is still open Sat...
Fri, Jan 18 2013, 7:10 AM
Every so often we're reminded that financial markets are staffed by real people, and depending on how it turns out, Friday could be one of those days....
Fri, Jan 18 2013, 4:45 PM
Today served the purpose we were hoping to see it serve. Volume fell, prices rose, and we were left with the sense that Thursday was in fact the last...
Fri, Jan 18 2013, 4:01 PM
The fourth and last of the final regulations
coming from the Consumer Financial Protection Bureau under the Dodd-Frank Wall
Street Reform and Financ...
Fri, Jan 18 2013, 3:07 PM
Mortgage rates were completely unchanged on Friday standing in stark contrast to Thursday's sharp move higher. While there were several lenders wh...
Fri, Jan 18 2013, 1:09 PM
Eighteen months after the Dodd-Frank Wall Street Reform
and Consumer Protection Act was passed, the rules shaping its implementation
have begun to r...
Thu, Jan 17 2013, 12:16 PM
Permits for construction of privately owned housing units increased
slightly in December while housing starts had a stronger showing according to
d...
Thu, Jan 17 2013, 12:09 PM
While bond markets haven't fallen back to this morning's lows, neither MBS or Treasuries have been able to make it back across technical resistance le...
Thu, Jan 17 2013, 11:32 AM
In remarks to a Mortgage Servicing Field Hearing this morning, Richard Cordray, Director of the Consumer Financial
Protection Bureau (CFPB), announc...
Thu, Jan 17 2013, 10:32 AM
There
were a total of 2,304,941 foreclosure filings in the United States in 2012
affecting 1,836,634 properties or one in every 72 residential u...
Thu, Jan 17 2013, 10:08 AM
"How many houses for so little money? And what kind of article mentions 'Long Island, mink farmers, and Blackstone' in the first few lines?" He rubbed...
Thu, Jan 17 2013, 7:40 AM
Markets have been surprisingly well behaved since opening the year with an ugly little sell-off. Treasuries have been following stocks through earnin...
Thu, Jan 17 2013, 4:59 PM
After Japan's Economy Minister said the Yen had room to move up to 100.0 before becoming problematic, overnight markets started moving higher in rate....
Thu, Jan 17 2013, 4:00 PM
Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January. Although rates didn...
Thu, Jan 17 2013, 1:29 PM
Negative and near-equity numbers in the
U.S. are diminishing steadily according to data released today by CoreLogic but
still affects more than a...
Wed, Jan 16 2013, 12:34 PM
Freddie Mac said today that initial
rates on adjustable rate mortgages (ARMs) are at the lowest recorded levels in
the 29 year history of its AR...
Wed, Jan 16 2013, 11:33 AM
In a completely unsurprising turn of events, bond markets continue to follow stock markets, albeit on a smaller scale. Still, the stock lever has had...
