Wed, Mar 6 2013, 11:58 AM
Following last week's post-Italian election rally, which left MBS and Treasuries at the week's best levels by Friday afternoon,
this week has been a...
Wed, Mar 6 2013, 10:31 AM
The growth of foreign-born households accounted for
a major share of the growth in homeownership in many states over the first
decade of the centu...
Wed, Mar 6 2013, 10:08 AM
Both mortgage applications and
interest rates moved sharply during the week ended March 1. The Mortgage Bankers Association (MBA)
reported th...
Wed, Mar 6 2013, 6:37 AM
With two trading days down so far this week, bond markets have shown
their cards, or at least that's what they want us to think. The "cards"
in q...
Wed, Mar 6 2013, 5:01 PM
In the title, the word "week" actually refers a whole week's worth of
trading sessions, and another day and a half on top of that. In other
words...
Wed, Mar 6 2013, 4:35 PM
Liquidity is a very important issue, and in fact some say liquidity is more important than credit for the lending industry . When the liquidity crisi...
Wed, Mar 6 2013, 2:25 PM
Mortgage
rates continued higher for the third straight day on
Wednesday, bringing them back above levels last seen on Monday, February
25th. ...
Tue, Mar 5 2013, 11:55 AM
Today, Fannie Mae announced Servicer Total Achievement and Rewards TM (STAR TM )
Program's Scorecard results for 2012. The program measures servic...
Tue, Mar 5 2013, 11:46 AM
Commercial and multi-family delinquency rates
of 60+ days decreased in the fourth quarter for all five major investor groups that
hold the loans, bu...
Tue, Mar 5 2013, 11:39 AM
The overnight session was a fairly straightforward affair with
reasonable strong economic data in Europe, plus some marginally
reassuring Italian ...
Tue, Mar 5 2013, 11:38 AM
"The HPI showed strong growth during the typically slow winter
season," said Mark Fleming, chief economist for CoreLogic. "With these gains,
the hou...
Tue, Mar 5 2013, 10:58 AM
The QM, which was
issued by CFPB on January 10, sets the standard for fully documented and
soundly underwritten mortgage products.
The QRM will de...
Tue, Mar 5 2013, 9:48 AM
Edward J. DeMarco announced that the Federal Housing Finance
Agency plans to establish a new entity, independent of Fannie Mae and Freddie
Mac (GSE...
Tue, Mar 5 2013, 6:37 AM
On most weeks, it would be fair to assume that whatever the overall pace
and importance of economic data might be, that it would begin building
ri...
Tue, Mar 5 2013, 4:15 PM
Even as stock markets made new highs (either 5yr+ in terms of the
S&P or "all-time" in terms of the Dow), bond markets held on to the
same old "Po...
Tue, Mar 5 2013, 3:39 PM
Mortgage
rates moved slightly higher again on Tuesday, continuing a
gentle drift higher from the lowest levels in several weeks on Friday.
W...
Tue, Mar 5 2013, 3:34 PM
Yes, the government controls both the supply and demand of agency MBS , but on the demand side we are watching the re-emergence of REITs. Last week w...
Tue, Mar 5 2013, 3:24 PM
The Mortgage Bankers Association (MBA) has
reacted harshly to an announcement made yesterday by Edward J. DeMarco, Acting
Director of the Federa...
Mon, Mar 4 2013, 11:36 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Mon, Mar 4 2013, 10:40 AM
With the change of clocks ahead of us this weekend, let's ease into the work week and put this Girl Scout cookie issue to rest once and for all. Bes...
Mon, Mar 4 2013, 7:51 AM
This week serves as something of a crossroads for bond markets
with respect to the longer term move higher in yields that began in the
summer of...
Mon, Mar 4 2013, 4:25 PM
The earlier recap referred to today as an 'extended weekend,' and that
continued to be unofficially the case for the rest of the session.
Dependi...
Mon, Mar 4 2013, 2:15 PM
Mortgage
rates moved slightly higher in most cases on Monday, though
some lenders were essentially unchanged from Friday's latest offerings.
...
Fri, Mar 1 2013, 12:03 PM
The tone was decidedly weaker earlier in the morning as equities markets
rose steadily from 9:40am. Treasuries began the day in significantly
stro...
Fri, Mar 1 2013, 11:06 AM
Freddie Mac's net income increased by 55 percent in the
fourth quarter of 2012 primarily due to a decrease in newly delinquent loans
and an improve...
Fri, Mar 1 2013, 10:05 AM
Reuters is reporting that Bank of
America (BOA) is the subject of yet another investigation. New York State Attorney General Eric
Schneiderman is...
Fri, Mar 1 2013, 7:37 AM
Thursday made it clear that bond markets don't want to be here any more this week, nor do MBS. The longer term view of markets paints a picture of ...
Fri, Mar 1 2013, 4:35 PM
Heading into today, we characterized the prevailing range this week as
compelling, and that it would need to be confronted with a serious
surprise...
Fri, Mar 1 2013, 2:48 PM
Mortgage
rates edged gently lower on Friday , bring to a close their
best week since mid-January. The catalyst for the relatively more
positi...
Thu, Feb 28 2013, 12:16 PM
MBS are currently showing their appreciation for Treasuries to hold the
line at yesterday afternoon's highs. In general, the faster the pace
and ...
Thu, Feb 28 2013, 10:03 AM
Nearly one million properties that were
either bank-owned (REO) or in some stage of foreclosure sold to new owners in
2012 according to RealtyTrac'...
Thu, Feb 28 2013, 6:37 AM
It's a bit of a predicament that bond markets find themselves in at the
moment, having looked very serious about breaking the recent trend
higher ...
Thu, Feb 28 2013, 4:42 PM
Flatness... That would be the best characterization for today's range
in MBS. Even as Treasuries and equities futures whipped around mildly
befo...
Thu, Feb 28 2013, 4:17 PM
Mortgage
rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning a...
Thu, Feb 28 2013, 3:45 PM
I continue to see concerns in the market about the fate of "affiliate relationships" in a QM world, especially in regard to builder/lenders. (Remem...
Thu, Feb 28 2013, 3:27 PM
James McAndrews, Executive Vice
President and Director of Research at the Federal Reserve Bank of New York told
a Household Debt and Credit Press ...
Thu, Feb 28 2013, 2:33 PM
David H. Stevens ,
President & CEO of the Mortgage Bankers Association (MBA), and Gary Thomas ,
President of the National Association of Realtors® ...
Thu, Feb 28 2013, 1:03 PM
Over four million homeowners may be
eligible for compensation for mortgage servicer-related problems under
agreements announced today. The
agreeme...
Wed, Feb 27 2013, 12:18 PM
Bond markets improved overnight very slightly and then more aggressively
after Beppe Grillo said he would not be supporting the formation of a
gov...
Wed, Feb 27 2013, 11:50 AM
I have published this before, and am often asked for the site again. It is a mesmerizing chart of current wind conditions in the United States .
...
Wed, Feb 27 2013, 10:39 AM
Pending home sales rose on both a
monthly and an annual basis in January.
The National Association of Realtors® (NAR) which compiled the data said...
Wed, Feb 27 2013, 9:23 AM
The volume of mortgage applications decreased 3.8
percent on a seasonally adjusted basis during the week ended February 22
according to the Mort...
Wed, Feb 27 2013, 7:37 AM
On most other days, the lineup of data and events on Wednesday (yesterday too, for that matter) presents some serious market moving considerations. Y...
Wed, Feb 27 2013, 7:04 PM
Like a 'tyger in the forests of the night,' equities markets lie in
wait for the cash open at 9:30am at which point they found themselves
with a c...
Wed, Feb 27 2013, 3:48 PM
Mortgage
rates are unchanged to slightly higher , after beginning the
day in slightly better territory vs yesterday and weakening in to the
af...
Wed, Feb 27 2013, 3:07 PM
The Hamilton Project, an economic
policy initiative at the Brookings Institution, invited 15 economists of
different philosophies to submit proposal...
Tue, Feb 26 2013, 12:26 PM
New home sales in January jumped to a
seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the
December number of 378,000 and...
Tue, Feb 26 2013, 11:50 AM
Bond markets experienced a moderate amount of volatility overnight,
improving from yesterday's already impressive rally into the European
hours an...
Tue, Feb 26 2013, 11:18 AM
U.S. home prices were up 1.4 percent in
the fourth quarter of 2012 compared to the third quarter the Federal Housing
Finance Agency (FHFA) sai...
Tue, Feb 26 2013, 10:52 AM
"Rob, last week you mentioned a site for doing bank research . Your readers may want to know that many paid sites obtain their information from the ...
