Fri, Dec 7 2012, 12:26 PM
The Brookings Institution has published
two articles on tax reform, one of which should be of particular interest to
MND readers. The two briefs ar...
Fri, Dec 7 2012, 11:50 AM
It's no surprise to see bond markets trade into weaker territory following a significantly better-than-expected Employment Situation Report .
Non-...
Fri, Dec 7 2012, 10:17 AM
We've made it to December 7, Pearl Harbor Day, and for something totally
unrelated to mortgages to end the work week send this clever short video t...
Fri, Dec 7 2012, 9:04 AM
The
focus was on fair lending this week as the Consumer Financial Protection Bureau
( CFPB ) submitted a report to Congress on its maiden year wor...
Fri, Dec 7 2012, 7:41 AM
The task of drawing conclusions about market fundamentals based on
post-Hurricane Sandy economic data has been frustrating at times. At
best, the...
Fri, Dec 7 2012, 4:20 PM
We've mentioned this a few times today, but it bears repeating. The
expectations for today's jobs number were--by the admission of the
economists...
Fri, Dec 7 2012, 3:29 PM
The November edition of the Obama
Administration's Housing Scorecard notes that home values are continuing to
rise and home sales remained strong du...
Fri, Dec 7 2012, 3:14 PM
The Center for American Progress has
released a letter it, along with three other groups sent to the Federal Housing
Finance Agency (FHFA) regarding...
Fri, Dec 7 2012, 3:07 PM
Mortgage
rates moved higher at their fastest pace in over two weeks
following Friday's Employment Situation Report. In a historical
context,...
Thu, Dec 6 2012, 11:59 AM
Much like the past two sessions, markets took a fair amount of guidance
from overnight events in Europe. Treasuries retested yesterday
afternoon'...
Thu, Dec 6 2012, 11:18 AM
Commercial and multifamily delinquency rates
declined during the third quarter according to the Mortgage Bankers Association
(MBA) Commercial/Mult...
Thu, Dec 6 2012, 9:37 AM
...While we're discussing big banks, how much is not enough? There is no
answer to that question, but apparently there are questions whether or not
...
Thu, Dec 6 2012, 9:26 AM
"The shift toward earlier disposition of distressed
properties continued in the third quarter as both lenders and at-risk
homeowners are realizing...
Thu, Dec 6 2012, 7:43 AM
As far as standard-issue economic reports are concerned, Thursday brings only the Weekly Jobless Claims figures,
still seen to be elevated but fal...
Thu, Dec 6 2012, 4:40 PM
Today saw the familiar pattern of "post-POMO volatility," referring to
the Fed's Permanent Open Market Operations, which are the scheduled 45
minu...
Thu, Dec 6 2012, 3:17 PM
Edward
J. DeMarco , Acting Director of the Federal Housing Finance Agency, told members
of SIFMA this afternoon that "The secondary mortgage market...
Thu, Dec 6 2012, 2:38 PM
Mortgage
rates were completely flat versus yesterday's offerings to
begin the day but several lenders recalled rate sheets for negative
revis...
Thu, Dec 6 2012, 1:21 PM
The number of housing markets designated
as improving by the National Association of Home Builders (NAHB) took a huge
jump in December, increasin...
Wed, Dec 5 2012, 12:41 PM
Here's a recent inquiry: "Rob, what is up with government going
after Gfee money ? Why does Congress have to vote to intrude into areas where it
...
Wed, Dec 5 2012, 11:55 AM
It continues to be the case that the bulk of market reaction to Fiscal
Cliff reaction is seen in equities markets while bond markets tend to be
a ...
Wed, Dec 5 2012, 10:37 AM
The Mortgage Bankers Association (MBA) weighed in on the future of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a new w...
Wed, Dec 5 2012, 9:42 AM
Refinancing
accounted for much of the increase in mortgage application activity during the
week ended November 30 and the share of that refinancin...
Wed, Dec 5 2012, 7:04 AM
Whereas Tuesday was exceptionally light in terms of scheduled economic data and events, Wednesday begins three days with significantly more for market...
Wed, Dec 5 2012, 4:36 PM
Bond markets eked out a surprisingly moderate amount of
positivity into 11am with the classic post-POMO reversal coinciding with
Fiscal Cliff he...
Wed, Dec 5 2012, 3:47 PM
Mortgage
rates were slightly lower again on Wednesday. Even though
the day to day movements have been small, that gets us as close as we've
...
Tue, Dec 4 2012, 12:45 PM
Earnings
of Federal Deposit Insurance Corporation (FDIC) insured institutions rose to
$37.6 billion in the third quarter of 2012, an increase of $...
Tue, Dec 4 2012, 11:52 AM
In broad terms, bond markets continue to move roughly in concert with equities markets, but it's worth noting that Treasuries and MBS didn't move much...
Tue, Dec 4 2012, 11:38 AM
As many lenders think back on record-breaking Novembers, and I head to
Pennsylvania for the rest of the week, here is a quick bit of trivia. James
P...
Tue, Dec 4 2012, 10:48 AM
Home prices increased on an annual basis for the eighth
consecutive month on the CoreLogic Home Price Index (HPI) for October. The nationwide index...
Tue, Dec 4 2012, 7:33 AM
The well of scheduled data is effectively dry on Tuesday with no significant reports scheduled and no major overnight anticipations for Europe or Asia...
Tue, Dec 4 2012, 4:23 PM
Today was about as slow as they come in terms of--well--just about everything. Even on the approach, there were no significant economic reports sch...
Tue, Dec 4 2012, 2:34 PM
Mortgage rates continued yesterday afternoon's positive momentum , moving back to their best recent levels. The underlying financial markets were...
Tue, Dec 4 2012, 2:05 PM
Families in areas hard-hit by
Hurricane Sandy will get a little extra help if they qualify for rental
assistance . The Department of Housing
and ...
Mon, Dec 3 2012, 11:50 AM
There was a dramatic drop in the rate
of completed foreclosures in October according to CoreLogic's National Foreclosure
Report issued on Monday; ...
Mon, Dec 3 2012, 11:48 AM
It's difficult to say for sure whether or not bond markets have had a resilient morning as a result of weaker-than-expected ISM data or if they were p...
Mon, Dec 3 2012, 11:37 AM
Both Freddie Mac and Fannie Mae
announced today that they are suspending evictions of foreclosed single family
and 2-4 unit properties during the ...
Mon, Dec 3 2012, 11:22 AM
It seems that Congress is once again tempted to come back to the "mortgage
well" since the House passed HR 1629, the STEM Jobs Act of 2012. The bil...
Mon, Dec 3 2012, 10:11 AM
As MND reported on Friday ,
this is essentially an immigration bill, a controversial one, that, as
originally filed, would grant an increased numbe...
Mon, Dec 3 2012, 7:34 AM
Heading into Monday, the latest on the Fiscal Cliff can be summed up in one word: impasse . The dangerous thing about an impasse, specific to MBS an...
Mon, Dec 3 2012, 4:56 PM
The Federal Reserve Bank of New York held a workshop
today on The Spread between Primary and Secondary Mortgage Rates : Recent Trends and Prospects...
Mon, Dec 3 2012, 4:29 PM
Bond markets began the session in weaker territory after a series of overnight headlines and events that generally pointed in a "risk-on" direction....
Mon, Dec 3 2012, 3:36 PM
About $13 billion of residential mortgages
originated in 2012 could contain fraudulent information , a $1 billion increase
over estimates for bot...
Mon, Dec 3 2012, 3:17 PM
Mortgage rates began the day in weaker territory , but were able to make it back to Friday's levels as most lenders improved pricing in the afternoo...
Mon, Dec 3 2012, 2:53 PM
Results from a recent on-line study indicate that not all
consumers are wedded to traditional lenders when it comes to their mortgage
needs. Eight...
Fri, Nov 30 2012, 11:56 AM
It's not uncommon to see a bit of volatility after the almost daily
installments of the Fed's Operation Twist purchases. These almost
always occu...
Fri, Nov 30 2012, 10:57 AM
"If I could rearrange the alphabet, you and I would be
together." Before you roll your eyes at that one, a buddy of mine said
that to a gal at a bar...
Fri, Nov 30 2012, 10:48 AM
The number of state licensed mortgage
companies registered with the National Mortgage Licensing System (NMLS) decreased
by 2.3 percent on an annual ...
Fri, Nov 30 2012, 7:19 AM
Friday arrives (does it feel sooner than recent Friday's?) with
little fanfare, at least not the kind that's on the schedule ahead of
time. There...
Fri, Nov 30 2012, 5:23 PM
The House of Representatives passed HR 1629 ,
the STEM Jobs Act of 2012 on Friday afternoon even as opposition to the funding
of the measure was ge...
Fri, Nov 30 2012, 4:40 PM
It was a surprisingly uneventful month-end Friday for MBS and broader
markets alike. Stock prices and bond yields rose moderately overnight
on po...
