Fri, Nov 30 2012, 2:50 PM
Mortgage
rates moved lower on Friday , ending the week and the month in
line with their best levels in nearly two months. Today's improvements
...
Thu, Nov 29 2012, 12:09 PM
The headline for this morning's mid-day recap began it's life
referencing a sideways and uninspired trading session, but just before
it went out t...
Thu, Nov 29 2012, 10:44 AM
Pending home sales rose sharply in
October according to the Pending Home Sales Index (PHSI) released Thursday by
the National Association of Real...
Thu, Nov 29 2012, 10:35 AM
Nearly three-quarters of a million households have refinanced
through the Home Affordable Refinancing Program since the program's parameters
were ...
Thu, Nov 29 2012, 10:19 AM
Better to be approximately right than precisely wrong. And a lot of
neighborhoods are trying new things in real estate - thanks to Tony B. for this.
...
Thu, Nov 29 2012, 9:23 AM
Three financial
services and consumer advocacy groups have joined to send letters to the House
and Senate urging them to preserve the temporary tax...
Thu, Nov 29 2012, 9:04 AM
DeMarco said he was cautiously optimistic that the signs of stabilization -- and in some places, strength -- that have started to emerge in certai...
Thu, Nov 29 2012, 7:19 AM
Have you ever procrastinated with a deadline? Did you find a legitimate
justification for making the delay, and if so did it make the " crunch-time ...
Thu, Nov 29 2012, 4:36 PM
It was an exceedingly tepid and flavorless session for broader bond markets, but especially for MBS.
Fannie 3.0's began the session chopping around...
Thu, Nov 29 2012, 2:39 PM
Mortgage
rates moved slightly higher on Thursday , depending on the lender, and whether or not they released negatively revised rate sheets yest...
Thu, Nov 29 2012, 1:46 PM
The maximum dollar
limits for conforming mortgage loans will remain unchanged for Freddie Mac and
Fannie Mae in 2013 . The GSEs' conservator,
the...
Wed, Nov 28 2012, 12:14 PM
The Federal Housing Finance Agency's
Office of Inspector General ( FHFA-OIG ) submitted its fourth semi-annual report
to Congress on Wednesday. The...
Wed, Nov 28 2012, 11:44 AM
Bond markets improved steadily and uneventfully in the overnight session
ushering Treasuries 2-3 bps lower (10yr yields) and paving the way for
MB...
Wed, Nov 28 2012, 11:09 AM
Sales of new homes dipped slightly in
October to a seasonally adjusted annual rate of 368,000 units according to
information released this morning ...
Wed, Nov 28 2012, 10:35 AM
Despite
a sizeable increase in consumer debt overall household debt fell by $74 billion
in the third quarter of 2012, driven largely by a decrease ...
Wed, Nov 28 2012, 10:19 AM
In ancient days, when mortgage rates were different for various areas
around the country and people relied on carbon paper and Fannie gold book
am...
Wed, Nov 28 2012, 9:34 AM
Mortgage application activity was down during
the Thanksgiving holiday shortened week ended November 23. The Mortgage Bankers Association's (MBA's)...
Wed, Nov 28 2012, 7:09 AM
With Tuesday's session in the books, it's now plain to see just how aggressively markets
had priced in some sort of resolution to the most recent ...
Wed, Nov 28 2012, 4:44 PM
It may well be the case that a complex, interconnected framework of
esoteric data and news pushed bond prices steadily higher in the
overnight ses...
Wed, Nov 28 2012, 3:43 PM
Mortgage
rates began the day near their lowest levels since early
October as bond markets stayed in strong territory on leftover Fiscal
Cliff...
Tue, Nov 27 2012, 11:58 AM
The
Federal Housing Finance Agency ( FHFA ) has released its House Price Index (HPI)
for August which shows a 0.7 percent increase in prices compa...
Tue, Nov 27 2012, 11:45 AM
In spite of Eurozone leaders and the IMF reaching a 33rd hour (that's 3x an "11th
hour," see?) deal on Greek debt restructuring, bond markets hit th...
Tue, Nov 27 2012, 11:43 AM
Home prices extended their run of
increases to six months in September with a 2.1 percent bump in the S&P/Case
Shiller 10-City Index and a +3.0 p...
Tue, Nov 27 2012, 10:33 AM
Interthinx reported today that its Mortgage Fraud Risk Index dropped nearly 8 percent in the third quarter of 2012 and is five percent lower than in...
Tue, Nov 27 2012, 9:39 AM
Let's see the local appraiser tackle this one .
Here's one case that the mortgage industry, is watching: UBS is striving to
block a lawsuit by...
Tue, Nov 27 2012, 9:00 AM
Early data provided by Lender Processing Services (LPS) from
its upcoming Mortgage Monitor report
show that both national mortgage delinquencies a...
Tue, Nov 27 2012, 7:40 AM
Late on Monday, Eurozone Finance Ministers, along with the IMF, reached a deal on Greece's long-term debt with the supposed outcome being the €44 bln
...
Tue, Nov 27 2012, 4:46 PM
Markets got their long awaited Greece deal after the close last night and it turned out to be less of a triumph than hoped. While it wasn't a co...
Tue, Nov 27 2012, 4:15 PM
Homeowners appear to be less than savvy shoppers when it comes to finding a
mortgage to purchase or refinance their homes.
A new study from Fann...
Tue, Nov 27 2012, 3:45 PM
Mortgage
rates across multiple lenders were much more unified in their movement versus yesterday. Most lenders where unchanged to moderately im...
Mon, Nov 26 2012, 11:52 AM
Both stock prices and bond yields have been on the decline since topping
out on Friday. While stocks were sideways to weaker in the overnight
ses...
Mon, Nov 26 2012, 10:38 AM
Vacancy rates in
commercial and multi-family properties are expected to decline gradually over
the next year with an already tight multi-family r...
Mon, Nov 26 2012, 10:26 AM
Even if you had to have the borrower come back to resign a document, or
you had to eat a one day extension, or locked a loan under the wrong program,...
Mon, Nov 26 2012, 7:15 AM
After a somnambulant holiday-shortened week of trading, markets waste no time
in getting back to business. Perhaps it would be more accurate to s...
Mon, Nov 26 2012, 4:10 PM
After losing ground every single day in the previous
holiday-shortened week, bond markets got back to business today in
improved territory throu...
Mon, Nov 26 2012, 3:23 PM
Mortgage
rates once again saw a greater-than-normal degree of stratification
between lenders, meaning that some of them offered lower rates t...
Fri, Nov 23 2012, 12:48 PM
The ability to send a petition directly to the White House brings out the
interesting folks. Who doesn't want cat-girls? Here you go .
Hey, we ...
Fri, Nov 23 2012, 11:23 AM
There continues to be little, if anything to report about goings-on in
bond markets this morning. Earlier in the session, despite activity
being ...
Fri, Nov 23 2012, 8:45 AM
Welcome to the day after the Thanksgiving Holiday--where US markets are
open in name, but closed in spirit. Technically, SIFMA recommends an
"ear...
Fri, Nov 23 2012, 4:41 PM
hough it's the default expectation that early-close sessions
juxtaposed to holidays will be light in volume and uneventful in terms
of volatility,...
Fri, Nov 23 2012, 1:17 PM
Mortgage
rates were unchanged on Friday , based on the small minority
of lenders who remained open. Taken together with the first three days
...
Wed, Nov 21 2012, 11:43 AM
While you're dining on turkey and watching football tomorrow (maybe not
in that order) remember this touching story .
Folks continue to wonder ab...
Wed, Nov 21 2012, 11:36 AM
Trading so far today has represented a slight extension of yesterday's weakness and hopefully, that's all!
Looking at price movements beyond toda...
Wed, Nov 21 2012, 10:04 AM
A former executive of Lender Processing
Services, Inc. (LPS) pled guilty Tuesday to mail and wire fraud charges, admitting
her participation in a ...
Wed, Nov 21 2012, 9:37 AM
The Mortgage
Bankers Association (MBA) reports that mortgage applications activity dropped
slightly during the week ended November 16 compared to ...
Wed, Nov 21 2012, 6:19 AM
Wednesday brings the last of the week's economic data, borrowed from their regularly scheduled days to accommodate
the holiday schedule. Though mar...
Wed, Nov 21 2012, 4:40 PM
As has been the case so often since the onset of the Eurozone crisis, the tenor in domestic bond markets was largely a byproduct of European events in...
Wed, Nov 21 2012, 2:01 PM
Mortgage
rates were all over the board today with some lenders
improving noticeably and others pricing significantly weaker versus
yesterday'...
Tue, Nov 20 2012, 12:38 PM
About a dozen mortgage lenders and
brokers have been put on notice about their potentially misleading
advertisements , especially those aimed at ve...
Tue, Nov 20 2012, 12:15 PM
MBS actually managed to eke out a few ticks of higher prices than yesterday afternoon's best levels before headline risk took it's toll
on bond ma...
