Sat, Jan 19 2013, 1:30 PM
The vast majority of people always need money, and always wants loans - of varying rates and from various sources. So does prohibiting banks from doin...
Fri, Jan 18 2013, 11:55 AM
After moving to disconcertingly weak levels in the Asian session, bond markets rallied back during European hours, ultimately coming in the door sligh...
Fri, Jan 18 2013, 9:55 AM
Here's your reminder for the weekend. Go out and buy some "Forever Stamps" during lunch or tomorrow (assuming your local post office is still open Sat...
Fri, Jan 18 2013, 7:10 AM
Every so often we're reminded that financial markets are staffed by real people, and depending on how it turns out, Friday could be one of those days....
Fri, Jan 18 2013, 4:45 PM
Today served the purpose we were hoping to see it serve. Volume fell, prices rose, and we were left with the sense that Thursday was in fact the last...
Fri, Jan 18 2013, 4:01 PM
The fourth and last of the final regulations
coming from the Consumer Financial Protection Bureau under the Dodd-Frank Wall
Street Reform and Financ...
Fri, Jan 18 2013, 3:07 PM
Mortgage rates were completely unchanged on Friday standing in stark contrast to Thursday's sharp move higher. While there were several lenders wh...
Fri, Jan 18 2013, 1:09 PM
Eighteen months after the Dodd-Frank Wall Street Reform
and Consumer Protection Act was passed, the rules shaping its implementation
have begun to r...
Thu, Jan 17 2013, 12:16 PM
Permits for construction of privately owned housing units increased
slightly in December while housing starts had a stronger showing according to
d...
Thu, Jan 17 2013, 12:09 PM
While bond markets haven't fallen back to this morning's lows, neither MBS or Treasuries have been able to make it back across technical resistance le...
Thu, Jan 17 2013, 11:32 AM
In remarks to a Mortgage Servicing Field Hearing this morning, Richard Cordray, Director of the Consumer Financial
Protection Bureau (CFPB), announc...
Thu, Jan 17 2013, 10:32 AM
There
were a total of 2,304,941 foreclosure filings in the United States in 2012
affecting 1,836,634 properties or one in every 72 residential u...
Thu, Jan 17 2013, 10:08 AM
"How many houses for so little money? And what kind of article mentions 'Long Island, mink farmers, and Blackstone' in the first few lines?" He rubbed...
Thu, Jan 17 2013, 7:40 AM
Markets have been surprisingly well behaved since opening the year with an ugly little sell-off. Treasuries have been following stocks through earnin...
Thu, Jan 17 2013, 4:59 PM
After Japan's Economy Minister said the Yen had room to move up to 100.0 before becoming problematic, overnight markets started moving higher in rate....
Thu, Jan 17 2013, 4:00 PM
Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January. Although rates didn...
Thu, Jan 17 2013, 1:29 PM
Negative and near-equity numbers in the
U.S. are diminishing steadily according to data released today by CoreLogic but
still affects more than a...
Wed, Jan 16 2013, 12:34 PM
Freddie Mac said today that initial
rates on adjustable rate mortgages (ARMs) are at the lowest recorded levels in
the 29 year history of its AR...
Wed, Jan 16 2013, 11:33 AM
In a completely unsurprising turn of events, bond markets continue to follow stock markets, albeit on a smaller scale. Still, the stock lever has had...
Wed, Jan 16 2013, 11:07 AM
Following eight consecutive months of
increases the National Association of Home Builders (NAHB)/Wells Fargo Housing
Market Index (HMI) held ste...
Wed, Jan 16 2013, 10:51 AM
Everyone out there, it seems, is reaching for the brass ring: more purchases, less refi's . But is it practical? I received this note from an industr...
Wed, Jan 16 2013, 9:22 AM
Applications for mortgages increased
substantially during the week ended January 11 as purchase applications soared
to their highest levels in ne...
Wed, Jan 16 2013, 7:16 AM
It's earnings season again and while bond markets are certainly taking short term cues from equities, Treasuries and MBS have willfully chosen to cont...
Wed, Jan 16 2013, 5:05 PM
David H. Stevens , President and
CEO of the Mortgage Bankers Association (MBA) , told member of the Exchequer Club on Wednesday
that in the 12 mon...
Wed, Jan 16 2013, 4:33 PM
MBS Live : MBS Afternoon Market Summary
In several ways Wednesday's session was quite similar to Tuesday's. European and Asian markets coa...
Wed, Jan 16 2013, 2:14 PM
Mortgage rates were higher on average on Wednesday, though some lenders didn't move with the rest of the pack. On one end of the spectrum, a few l...
Tue, Jan 15 2013, 11:37 AM
With the exception of last Thursday (ECB day), rates markets have been painstakingly descending the proverbial staircase following the elevator ride h...
Tue, Jan 15 2013, 10:55 AM
Don't forget - Monday is a holiday ! A U.S. federal holiday at that, Martin Luther King, Jr. Day marks his birthday (which is today, 1/15) but is obs...
Tue, Jan 15 2013, 10:29 AM
Home prices increased on a year-over-year basis for the
ninth consecutive month according to the CoreLogic Home Price Index (HPI)
released today....
Tue, Jan 15 2013, 10:02 AM
Seven bankers have been indicted by a
federal grand jury of conspiring to defraud their Georgia bank. The thirty-five count indictment named the f...
Tue, Jan 15 2013, 7:29 AM
Rosengren's 8:00am speech may help set the tone early in the session, but three pieces of economic data hit at 8:30am , one of them being the importa...
Tue, Jan 15 2013, 4:47 PM
Freddie
Mac's monthly economic outlook commentary for January looks principally
at consumer attitudes which it says have remained "fairly resilient...
Tue, Jan 15 2013, 4:15 PM
MBS and broader bond markets began the session in stronger territory after a reasonably supportive night in Asia and Europe. There were no major marke...
Tue, Jan 15 2013, 3:27 PM
Mortgage rates improved slightly on Tuesday, extending their recent streak of improvements to 7 days. Last Thursday was the only one in that serie...
Tue, Jan 15 2013, 3:09 PM
I was handed a book on the way home from Christmas Mass at
my church this year titled "The 4 Signs of a Dynamic Catholic". About halfway through the...
Tue, Jan 15 2013, 2:32 PM
Increased
mortgage defaults pushed the overall consumer default rate up in December for
the third consecutive month. The
national S&P Experian C...
Mon, Jan 14 2013, 11:18 AM
While MBS prices were slightly higher in the middle of last week and on the first few days of the year, until Friday's roll, the price referred to Jan...
Mon, Jan 14 2013, 10:24 AM
Here's a story from Ohio that LO's in other states will find of interest: " Ohio Creates Temporary Loan Originator License." Last month, Ohio enact...
Mon, Jan 14 2013, 7:21 AM
With backs against the wall on Friday, and very much at risk of triggering a negative technical signal, bond markets battled back for their 2nd best c...
Mon, Jan 14 2013, 4:09 PM
Bond markets coasted into their best levels since the first trading day of the year and spent the rest of the day holding a tight range around those l...
Mon, Jan 14 2013, 2:56 PM
Mortgage rates improved moderately to begin the week, bringing most lenders back to levels not seen since January 2nd or before. Following the Fis...
Mon, Jan 14 2013, 2:21 PM
Another city hard hit by the housing
crisis has proposed exercising its power of eminent domain on behalf of its
underwater homeowners. The City ...
Fri, Jan 11 2013, 12:36 PM
Wells
Fargo reported today that its fourth quarter and full 2012 net income set new
record highs . Fiscal Year 2012 earnings
were $18.9 billion;...
Fri, Jan 11 2013, 12:24 PM
Bond markets got off to a rocky start in the overnight session following the announcement of new QE in Japan. US Treasuries then glued themselves fir...
Fri, Jan 11 2013, 9:05 AM
Do you owe any money on your home? Lots of owners do, a lot don't. Usually we see these "free and clear numbers from the Census Bureau, but this week ...
Fri, Jan 11 2013, 7:45 AM
Thursday could have been a better day for bond markets... It could have marked bounce back below important technical levels in 10yr yields (lots of...
Fri, Jan 11 2013, 4:44 PM
Today's analysis on MBS Live was fraught with references to a metaphorical swimming pool on a cruise ship. The ship represents the longer term, bigge...
Fri, Jan 11 2013, 4:36 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the December edition of the Obama
...
Fri, Jan 11 2013, 3:25 PM
Mortgage rates were essentially unchanged Today. On average, rates were slightly higher to begin the day, but an afternoon reversal in bond marke...
Thu, Jan 10 2013, 12:35 PM
The story so far this morning is as simple as the headline, with the slight addendum being that Chinese economic data actually began the push toward h...
