Mon, Dec 17 2012, 9:28 AM
Say what you want about Trulia, it just issued the results of a survey that has
Realtors and LO's cheering: 93% of renters between the ages of 18 a...
Mon, Dec 17 2012, 9:22 AM
"Rob, my boss tells me that my company might start servicing loans .
But all I've heard about is the $25 billion lawsuit from a while back. Is
serv...
Mon, Dec 17 2012, 8:56 AM
The
Center for Responsible Lending (CRL) has released a report on the recent
financial crisis and its impact on consumers.
The State of Lending...
Mon, Dec 17 2012, 7:47 AM
After holding supportive ground on Friday, bond markets may be facing
the prospect of defending that stability before Monday's domestic
session be...
Mon, Dec 17 2012, 4:20 PM
There was very little out today by way of market moving data, at least not the kind that elicits immediate reaction in financial markets. Instead (an...
Mon, Dec 17 2012, 2:24 PM
Mortgage
rates moved slightly higher to begin the last full week of
2012 after fighting back against recent weakness on Friday. Bond
markets...
Mon, Dec 17 2012, 1:52 PM
The National Credit Union Administration (NCUA) has brought suit against
J.P. Morgan Securities and Bear, Stern and Company over the failure of f...
Mon, Dec 17 2012, 1:36 PM
Homeowners affected by the October
hurricane that clobbered the northeast got some face-to-face help from
representatives of mortgage servicers and ...
Fri, Dec 14 2012, 12:02 PM
Today was all about confirming whether or not bond markets would
be able to hold their ground before breaking through important technical
suppor...
Fri, Dec 14 2012, 10:39 AM
Yesterday I journeyed to San Jose to visit with the Silicon Valley Chapter of
CAMP. Casey Fleming, the president, reminded the capacity crowd how imp...
Fri, Dec 14 2012, 9:31 AM
Much of an individual's ability
to secure credit depends on what the three national credit bureaus, Equifax Information Services, Experian
Informa...
Fri, Dec 14 2012, 7:31 AM
To whatever extent a dip into the low 104's is scary business for
Fannie 3.0 MBS or that a 10yr yield rising into the 1.7's is cause for
concern, ...
Fri, Dec 14 2012, 4:36 PM
Today was one of those sessions that seemed to unofficially end early.
Bond markets rallied all morning--albeit in a micro range for MBS--and
cam...
Fri, Dec 14 2012, 3:37 PM
Mortgage
rates moved slightly lower to end the week after having risen to the highest levels
of the month yesterday. That was part of a two ...
Fri, Dec 14 2012, 2:36 PM
According
to the American Enterprise Institute, the Federal Housing Administration (FHA
is engaging in practices that are resulting in a high propor...
Fri, Dec 14 2012, 1:14 PM
Brian Moynihan, Bank of America's chief executive officer, said that everyone involved in the housing market needs to reset their expectation
that...
Thu, Dec 13 2012, 12:09 PM
Bond markets kicked off the day in unchanged-to-weaker territory,
extending yesterday's post-FOMC losses. Economic data actually made a
dent with...
Thu, Dec 13 2012, 10:59 AM
The average person is curious about what their neighbor, or co-worker,
earns. And in this age of transparency, where nothing is private and there is ...
Thu, Dec 13 2012, 10:41 AM
Even after paying a $67 million
settlement to the SEC and being banned from the mortgage industry Angelo
Mozilo , founder and former president of C...
Thu, Dec 13 2012, 10:31 AM
Foreclosure filings in November were 19
percent below filings in November 2011, the 26 th consecutive month
that the year-over-year filings decrea...
Thu, Dec 13 2012, 7:28 AM
If nothing else, today should at least be "informative." When it comes to perfecting the recipe for market movement into 2013, there are too many ...
Thu, Dec 13 2012, 4:41 PM
Most of today's damage was done by 10am as bond markets walked in the
door in weaker territory and were dealt a hand of surprisingly strong
econom...
Thu, Dec 13 2012, 4:01 PM
Mortgage
rates continued higher on Thursday following
stronger-than-expected economic data and continuing the losses after
yesterday's FOMC a...
Thu, Dec 13 2012, 2:08 PM
Profits of independent mortgage banks
and mortgage subsidiaries of chartered banks rose by more than $300 per loan in
the third quarter of 2012 t...
Wed, Dec 12 2012, 12:25 PM
Information received since the Federal Open Market Committee met in
October suggests that economic activity and employment have continued to
expan...
Wed, Dec 12 2012, 12:03 PM
As expected, the 10yr Treasury auction didn't pack its traditional level
of market-moving punch with the relatively much more important FOMC
event...
Wed, Dec 12 2012, 9:25 AM
Based on complaints from the Consumer
Financial Protection Bureau ( CFPB ) a California court has shut down the
operations of two alleged loan modif...
Wed, Dec 12 2012, 9:18 AM
Record lows in interest rates were
accompanied by an increase in mortgage refinancing activity during the week
ended December 7. The Mortgage Bank...
Wed, Dec 12 2012, 7:41 AM
Omnipresent Fiscal Cliff headlines have been muting the impact of
almost all economic events in the past several weeks. As expected,
markets have...
Wed, Dec 12 2012, 5:37 PM
TransUnion , one of the nation's
major credit reporting bureaus forecasted today that one of the primary
consumer credit variables -- mortgage de...
Wed, Dec 12 2012, 4:54 PM
Today's FOMC Announcement brought some interesting changes to way the
Fed will be communicating monetary policy going forward. The most notable ch...
Wed, Dec 12 2012, 4:09 PM
Mortgage
rates are higher on average after today's monetary policy
announcement from the Federal Reserve. Some lenders adjusted rates
higher...
Wed, Dec 12 2012, 1:32 PM
Stephen Cross , Deputy Director of the Division of Federal
Home Loan Bank (FHLBank) Regulation of the Federal Housing Finance Agency
(FHFA) will ret...
Tue, Dec 11 2012, 11:54 AM
MBS have once again entered in to a narrow, sideways holding pattern,
though this morning's version follows a move to the downside at the
open. M...
Tue, Dec 11 2012, 11:06 AM
Commercial and multi-family mortgage
debt increased by $6.6 billion to $2.38 trillion in the third quarter, an
increase of 0.3 percent according t...
Tue, Dec 11 2012, 7:18 AM
Two to three years ago , today's lineup of economic data and
market events would have been much more meaningful. International Trade
at 8:30am wo...
Tue, Dec 11 2012, 4:39 PM
As far as domestic trading hours were concerned, today was even flatter
than yesterday's exceptionally well-contained session for both MBS and
Tre...
Tue, Dec 11 2012, 4:33 PM
IndyMac is back in the news. Last week a jury ordered three former IndyMac
loan officers (in the homebuilder division) to pay $168 million to the F...
Tue, Dec 11 2012, 4:19 PM
Rental housing is a growing crisis according to the
Center for American Progress, but policymakers have made it "an afterthought in
the debate ov...
Tue, Dec 11 2012, 2:54 PM
Nineteen members of the House of
Representatives sent a letter today to President Obama and leaders of both parties
in the House and Senate urging t...
Tue, Dec 11 2012, 2:00 PM
Mortgage
rates are little changed from Monday. Some lenders' rate
sheets are slightly improved versus yesterday's, but a majority offered
ju...
Mon, Dec 10 2012, 11:45 AM
Domestic bond markets took most of their short term directional cues
from European events overnight, though the broader themes set the limits
of t...
Mon, Dec 10 2012, 11:22 AM
"Rob, I am on the board of directors of a bank. Is there a guide
or manual that would help me understand what the QC gal is talking about during
pr...
Mon, Dec 10 2012, 11:09 AM
Fannie Mae's National Housing Survey for
November shows increasing confidence among Americans about the nation's housing
market and the direction ...
Mon, Dec 10 2012, 9:40 AM
The
compensation paid to executive officers of the two government sponsored
enterprises ( GSEs ) Freddie Mac and Fannie Mae has generated a lot of...
Mon, Dec 10 2012, 8:45 AM
By the end of this week, bond markets will only have 8 full sessions left in 2012 .
In December, the first two week's of the month are almost alwa...
Mon, Dec 10 2012, 5:34 PM
Every year, on a single night in January, the Department of Housing and
Urban Development (HUD) aided by a large number of community groups called
C...
Mon, Dec 10 2012, 4:26 PM
The week got off to an exceedingly slow start, both in terms of volume and volatility, which put in their tamest performances in several weeks as far ...
Mon, Dec 10 2012, 3:30 PM
The Wall
Street Journal is reporting that the Obama Administration is planning to
name a permanent Director of the Federal Housing Finance Agenc...
Mon, Dec 10 2012, 1:27 PM
Mortgage
rates are very slightly lower today compared to Friday's
latest offerings. However, Friday's rates were the highest of the week
aft...
