Fri, Mar 15 2013, 4:06 PM
California house prices have now risen
on an annual basis for a full year according to the California Association of
Realtors® ( C.A.R. ). The med...
Fri, Mar 15 2013, 1:38 PM
Mortgage
rates improved modestly , capping a week that's seen rates
either move sideways or slightly lower every day. Today's stability and
u...
Thu, Mar 14 2013, 11:44 AM
At first glance--and especially if we focus only on domestic
hours--today's trading session is looking a lot like yesterday's in that
we moved rat...
Thu, Mar 14 2013, 11:20 AM
Foreclosure activity blipped up slightly
in February but continues to recede on a year over year basis. RealtyTrac, the Irvine California firm that...
Thu, Mar 14 2013, 11:19 AM
A bi-partisan group of Senators has
introduced legislation that would prohibit any increase in the guarantee fees
levied by Freddie Mac and Fannie...
Thu, Mar 14 2013, 7:37 AM
As we said in yesterday's recap, Wednesday was "refreshingly
straightforward," with the overnight data suggesting logically stronger
opening level...
Thu, Mar 14 2013, 5:23 PM
Turning to the production side of the equation, don't shoot the messenger - you can write to the authors of this comprehensive study that shows, ".....
Thu, Mar 14 2013, 4:38 PM
Whereas yesterday's session was straightforward in both European and
domestic hours today's was a bit more enigmatic. Reason being: we had a
fair...
Thu, Mar 14 2013, 4:09 PM
Mortgage
rates were flat for the third day in a row , despite strong
economic data and a weak 30yr Treasury Auction (two things that normally
...
Thu, Mar 14 2013, 1:53 PM
The Federal Housing Finance Agency
(FHFA) Office of Inspector General (OIG) has published an evaluation report
detailing Freddie Mac's involvement ...
Thu, Mar 14 2013, 1:24 PM
Representative Bill Huizenga, (R-MI) has introduced HR
1077, a bill To amend the Truth in Lending Act to improve upon the
definitions provided for ...
Wed, Mar 13 2013, 12:25 PM
The morning has been pretty straightforward
so far with a relatively positive overnight session getting a lift from
weaker European economic data...
Wed, Mar 13 2013, 11:53 AM
The Home Affordable Mortgage Refinancing Program ( HARP )
outperformed expectations in 2012 after enhancements to the program in late
2011 increas...
Wed, Mar 13 2013, 9:51 AM
Applications for mortgages decreased as
mortgage interest rates rose to recent highs during the week ended March
8. The Mortgage Bankers Associati...
Wed, Mar 13 2013, 7:37 AM
After two trading days that have been either devoid of market movers
or predominantly focused on overseas considerations, Wednesday offers a homeco...
Wed, Mar 13 2013, 4:54 PM
Today's session offered a refreshingly straightforward level of
connection between economic events and market movement. Even in the
overnight ses...
Wed, Mar 13 2013, 3:49 PM
Mortgage
rates were flat on average today, but continued to be
stratified depending on the lender. In other words, some rate sheets
were mod...
Wed, Mar 13 2013, 3:13 PM
A
new study has revealed some apparent differences in the success rate of female and
male mortgage applicants .
The Woodstock Institute, a non-...
Wed, Mar 13 2013, 2:58 PM
HOPE NOW reports that its members
completed 78,397 permanent loan modifications during the month of January and 29,244 short sales .
The volunt...
Tue, Mar 12 2013, 12:40 PM
The Federal Housing Finance Agency's (FHFA)
Office of the Inspector General (OIG) has issued a white paper detailing how
FHFA manages the interest ...
Tue, Mar 12 2013, 12:09 PM
Bond markets put in their best overnight gains in over a week this
morning and have managed to defend them into the domestic session.
German Bun...
Tue, Mar 12 2013, 11:30 AM
I am not an expert on appraisal requirements, but occasionally I am asked whether or not a refinance requires an appraisal. To the best of my know...
Tue, Mar 12 2013, 10:34 AM
VantageScore Solutions is releasing a new credit scoring
model which it says will enable lenders and others using the system to pull
scores on 27...
Tue, Mar 12 2013, 6:37 AM
With no major domestic or overseas economic data on tap and no game-changing headlines expected ,
yesterday's excruciatingly slow session may well ...
Tue, Mar 12 2013, 4:42 PM
Representative
Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee sent
a letter to Federal Reserve Board Chairman Ben Bern...
Tue, Mar 12 2013, 4:35 PM
If you're a fan of high MBS prices and low rates, how depressing is it
to consider that today's rally was the best we've seen in over two
weeks, l...
Tue, Mar 12 2013, 3:25 PM
Mortgage
rates are mixed to lower today, but some lenders are still in
worse shape than yesterday afternoon's latest offerings. This
stratif...
Mon, Mar 11 2013, 12:29 PM
When they asked Michelangelo how he made his statue of David he is reported to have said, "It is easy. You just chip away the stone that doesn't look ...
Mon, Mar 11 2013, 12:09 PM
Not to be outdone by millions of Americans lamenting Daylight Savings Time, bond
markets haven't merely slept in an extra hour, but simply haven't s...
Mon, Mar 11 2013, 10:24 AM
Bank of America/Merrill
Lynch said the
initial headlines about the new entity aroused fears that there might be a near-term phase-out
of existing a...
Mon, Mar 11 2013, 7:37 AM
After Friday's NFP-inspired sell-off, bond markets will be faced with the choice this week to continue to push the pace of the longer term trend high...
Mon, Mar 11 2013, 4:47 PM
There's no denying that it's a bit harder than average to get out of bed
on the Monday following "spring forward," but bond markets seem to have
a...
Mon, Mar 11 2013, 4:12 PM
Mortgage
rates are very slightly lower in many cases after surging on
Friday to the highest levels in nearly 10 months. That said, some
lend...
Mon, Mar 11 2013, 1:29 PM
Risk profiling of mortgage license holders was one of the
focuses of 2012 activity by the Multi-State Mortgage Committee (MMC) of the Conference
...
Mon, Mar 11 2013, 1:09 PM
Federal Reserve Board Governor Elizabeth A. Duke strongly
endorsed the Board's current monetary policy in a speech to the Mortgage
Bankers Associa...
Fri, Mar 8 2013, 12:29 PM
The morning thus far has been a fairly straightforward sell-off in
response to much stronger-than-expected labor market data from this
morning's E...
Fri, Mar 8 2013, 12:26 PM
The three major private mortgage
insurers participated in the modification of 5,791 mortgages through the Home
Affordable Modification Program (...
Fri, Mar 8 2013, 11:08 AM
According to the Wall Street Journal , Senator Ron Wyden (D-OR) has sent a letter to
the Department of Justice requesting an investigation of Len...
Fri, Mar 8 2013, 10:44 AM
Andrew Jackson's portrait is on the $20 bill of the United States - we know that. But what many people don't know is that for years, and perhaps to th...
Fri, Mar 8 2013, 9:38 AM
The Federal Reserve has completed its
third round of stress tests of American banks.
The tests originated in 2009 in the midst of the financial c...
Fri, Mar 8 2013, 7:14 AM
Bond markets traded poorly on Thursday, sliding back to their weakest
territory since before the Italian election. In the intervening time,
thing...
Fri, Mar 8 2013, 5:00 PM
Yesterday, we noted that Jobless Claims and
Mario Draghi's press conference delivered a one-two punch to the hopes
of sustaining recently improved...
Fri, Mar 8 2013, 4:06 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the February edition of the Obama
...
Fri, Mar 8 2013, 2:59 PM
Mortgage
rates vaulted higher today at their fastest pace since late
January, after the Employment Situation showed an unexpectedly high
numb...
Thu, Mar 7 2013, 12:35 PM
The overnight price action wasn't particularly interesting and
certainly failed to adhere to any of the recent patterns of flatness in
Asian marke...
Thu, Mar 7 2013, 11:55 AM
"Despite fiscal headwinds and political
uncertainty, consumer sentiment toward housing is robust and continues to
gather strength," said Doug Dun...
Thu, Mar 7 2013, 7:49 AM
Markets have quickly gotten back in position ahead of the ECB, ready to
"forget" about Italy (or "be reassured" about Italy,
perhaps)--essentially...
Thu, Mar 7 2013, 4:29 PM
It's happened before and it will happen again in all likelihood, it will
happen again. ECB meetings tend to fall on the first Thursday of the
mon...
Thu, Mar 7 2013, 3:57 PM
The Lender Processing Services (LPS)
Mortgage Monitor for January which was released on Thursday takes a detailed
look at what it calls the "Time to...
Thu, Mar 7 2013, 3:22 PM
Mortgage
rates moved relentlessly higher for the fourth straight day
on Thursday, bringing them close to the seven month highs last seen in
m...
