Thu, Feb 7 2013, 1:30 PM
More than one-third of the houses purchased in
California in 2012 were all-cash sales , a record for such transactions. DataQuick said today that...
Wed, Feb 6 2013, 12:12 PM
Much like yesterday, today has been uncharacteristically slow in the context of recent volatility. Unfortunately, that slowness has served as the pla...
Wed, Feb 6 2013, 12:00 PM
"The fact that all 50 states now
have at least one metro on the improving list shows that the housing recovery
has substantial momentum and contin...
Wed, Feb 6 2013, 8:17 AM
After decreasing during the holiday
shortened week ended January 25 the pace of mortgage applications returned last
week to the upward track it ha...
Wed, Feb 6 2013, 7:31 AM
Yesterday, the first thought we shared about the previous sessions was: "bond markets traded well on Monday." What a difference a day makes... Bon...
Wed, Feb 6 2013, 5:19 PM
And the discussion of mortgage lender versus Realtor political participation continues . Julie P. writes, "Rob, I'd love to encourage all of my fello...
Wed, Feb 6 2013, 5:06 PM
PNC
Mortgage has settled a suit brought by the Department of Housing and Urban
Development ( HUD ) for alleged discrimination.
The suit charges...
Wed, Feb 6 2013, 4:22 PM
Wax-on: solid gains throughout the day on Monday. Wax-off: gains mostly erased in Europe overnight on Tuesday. Wednesday, then, is "wax-on, risk-off"...
Wed, Feb 6 2013, 3:32 PM
Mortgage rates did a complete 180, for the second straight session. This reverses yesterday's rise in borrowing costs, taking them back in line w...
Tue, Feb 5 2013, 12:03 PM
The Department of Justice (DOJ) has
released details of the suit it has filed against Standard and Poor's (S&P)
Ratings Services and its parent ...
Tue, Feb 5 2013, 11:57 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Tue, Feb 5 2013, 10:58 AM
Home prices in December posted the largest annual increase in
nearly seven years according to CoreLogic's Home Price Index (HPI) report. December...
Tue, Feb 5 2013, 10:22 AM
Here in Las Vegas there is a concrete convention taking place. A trained economist could do a tremendous amount of analysis, chart reading, capital al...
Tue, Feb 5 2013, 10:10 AM
The U.S. Department of Justice (DOJ) filed
suit yesterday against Standard & Poor's and its parent McGraw-Hill
Companies over alleged illegal behavi...
Tue, Feb 5 2013, 9:59 AM
Senate Republicans have fired the first
two shots in a renewed battle over the Consumer Financial Protection Bureau
( CFPB ). President Barack Obam...
Tue, Feb 5 2013, 6:06 AM
Bond markets traded well on Monday. In fact, 10 yr yields dropped more than any session since early November. Then again, they were starting out the...
Tue, Feb 5 2013, 5:08 PM
In the absence of heavy-hitting domestic considerations such as
last week's impressive slate of economic data and events (NFP, FOMC
Announcement...
Tue, Feb 5 2013, 3:42 PM
Two members of the Senate Banking Committee have introduced legislation which, if enacted, would severely restrict activities of the Federal Reserve ...
Tue, Feb 5 2013, 2:15 PM
Mortgage rates did a complete 180, reversing yesterday's improvement , and taking rates back in line with recent highs. That sounds fairly ominous,...
Mon, Feb 4 2013, 11:43 AM
If anyone asks you, "Whatever happened to that 'Shadow Inventory' we were all concerned about?" you can respond that part of it is being soaked up b...
Mon, Feb 4 2013, 11:42 AM
Bond markets began the day just barely in the green after a disconcerting overnight session. Things were more tenuous in the earlier morning hours wh...
Mon, Feb 4 2013, 9:26 AM
Wells Fargo ranks as the largest
servicer, by dollar volume, of commercial and multifamily mortgages according
to a new report from the Mortgage ...
Mon, Feb 4 2013, 7:02 AM
Last week was unpleasant for fans of low interest rates. We moved to multi month highs in mortgage and Treasury rates, spending the most time at " 2+...
Mon, Feb 4 2013, 5:39 PM
Small numbers of domestic banks responded to the Federal
Reserve's January survey of senior loan officers with
indications that they have eased th...
Mon, Feb 4 2013, 4:37 PM
Perhaps less than coincidentally, the S&P just closed at it's lowest levels in more than a week on the same day that many lenders' rate sheets were at...
Mon, Feb 4 2013, 4:11 PM
Mortgage rates regained a good amount of lost ground today as most lenders' rate sheets were in line with or better than last week's rates. The ov...
Fri, Feb 1 2013, 12:59 PM
Please note the timestamp on the pricing snapshot below. Bond markets have sold off a fair amount since then, breaking through the 103-16 pivot in MB...
Fri, Feb 1 2013, 11:53 AM
CoreLogic presented more evidence today
that the foreclosure epidemic in the U.S., while still a serious concern, is
rapidly improving . There wer...
Fri, Feb 1 2013, 10:21 AM
The free markets are a wonderful thing. Where else could we find a banana slicer ? Page down a couple times for the comments - just as good as any co...
Fri, Feb 1 2013, 8:24 AM
Fannie Mae said
on Thursday that its Book of Business declined at a compound annual rate of 4.8
percent in December to a value of $3.19 trillion c...
Fri, Feb 1 2013, 6:59 PM
If this, by some happy chance, is the first time today that you've looked at bond market activity, congratulations! Knowing that we were heading into...
Fri, Feb 1 2013, 6:10 PM
Mortgage rates were slightly higher in most cases today. The small differences between rates at the end of the day today versus yesterday don't ev...
Thu, Jan 31 2013, 12:03 PM
Bond markets coasted into the domestic session in marginally improved territory ahead of this morning's economic data. A look at the overnight tradin...
Thu, Jan 31 2013, 11:13 AM
The December Mortgage Monitor
report released by Lender Processing Services and covering performance data for
the full 2012 calendar year , found t...
Thu, Jan 31 2013, 9:55 AM
Lender
Processing Services will pay an aggregated sum of $127 million to
resolve suits with 46 states and the District of Columbia arising out of...
Thu, Jan 31 2013, 9:50 AM
RealtyTrac, the Irvine, California firm that tracks
foreclosure activity nationwide, reports that foreclosure activity increased
last year in 57 ...
Thu, Jan 31 2013, 7:44 AM
Sometimes opening acts are surprisingly entertaining, or perhaps even moving. But more often than not, the headliner is what you came to see and the ...
Thu, Jan 31 2013, 7:32 AM
By the time we reach the Friday of an NFP week, there's little else left to say or do besides wait for 8:30am. That's made doubly true this week due ...
Thu, Jan 31 2013, 4:54 PM
Unlike some pre-NFP Thursdays, which start to exhibit some sort of "lead-off" in either direction, today's was poster child for "calm before the storm...
Thu, Jan 31 2013, 4:07 PM
Mortgage rates were very slightly lower in most cases, making for marginal improvements in borrowing costs within the confines of recently higher i...
Thu, Jan 31 2013, 3:32 PM
Detroit...near bankruptcy ? But many areas are doing well. As housing in established urban neighborhoods becomes ever rarer and more expensive, buyer...
Thu, Jan 31 2013, 3:21 PM
Homeowners
whose homes were damaged by the late October super-storm Sandy are getting an
extension of the mortgage relief extended immediately a...
Wed, Jan 30 2013, 12:03 PM
Bond markets had done a somewhat decent job of clawing back from overnight weakness by the time the domestic session got underway. The stronger-than-...
Wed, Jan 30 2013, 10:28 AM
Super Bowl XLVII, between the Baltimore Ravens and the San Francisco 49ers, will be played Feb. 3 at the Superdome, which will be the 10th time the Su...
Wed, Jan 30 2013, 9:46 AM
After a strong showing in the first few
weeks of the New Year, mortgage applications dropped sharply during the week
ended January 25. The Mortga...
Wed, Jan 30 2013, 5:04 PM
It was quite the odd FOMC Announcement day... Here we were, planning on the week's biggest TWO events being today's FOMC Announcement and Friday's NF...
Wed, Jan 30 2013, 4:07 PM
Mortgage rates began the day at broadly higher levels, as bond markets moved higher in yield overnight and again after the morning's economic data...
Wed, Jan 30 2013, 3:15 PM
Federal Housing Administration
Commissioner Carol Galante has just announced several significant changes to
FHA requirements, processes, and fees ...
Wed, Jan 30 2013, 2:20 PM
Information received since the Federal Open Market Committee met in December suggests that growth in economic activity paused in recent months, in lar...
Tue, Jan 29 2013, 10:59 AM
Huh? "Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the propertie...
