Tue, Nov 13 2012, 4:47 PM
Freddie Mac reported on Tuesday that
nearly a third of the borrowers who refinanced their loans in the third quarter
chose new loans with a short...
Tue, Nov 13 2012, 4:34 PM
MBS struggled all day long despite the fact that Treasuries enjoyed a reasonably smooth and uneventful ride near the stronger side of Friday's range. ...
Tue, Nov 13 2012, 2:39 PM
Mortgage rates edged just slightly higher to begin the shortened week. Most lenders were closed yesterday in observance of the Veteran's Day holid...
Mon, Nov 12 2012, 9:36 PM
The Monitor in charge of managing the
$25 billion settlement between mortgage servicing companies and federal
agencies working in conjunction with...
Mon, Nov 12 2012, 6:47 PM
"Now, if you know what you're worth,
then go out and get what you're worth. But you gotta be willing to take the
hits, and not pointing fingers sayi...
Sun, Nov 11 2012, 9:07 PM
Freddie Mac and Fannie May have announced new
requirements for managing law firms retained for bankruptcies and
default-related legal matters incl...
Fri, Nov 9 2012, 11:20 AM
After a morning of data that was exclusive unfriendly to bond markets,
MBS and Treasuries continue to avoid the sort of ugly selling-sprees
that m...
Fri, Nov 9 2012, 10:39 AM
I don't know if this short video says more about the strength of the
bridge, or the IQ & preparation of those truck drivers.
Speaking of prepara...
Fri, Nov 9 2012, 10:32 AM
Paul Kiel of ProPublica has published a serious critique of the Treasury Department's early oversight of the Home Affordable
Modification Progra...
Fri, Nov 9 2012, 9:36 AM
David H. Stevens, President and CEO of
the Mortgage Bankers Association criticized the federal government and
financial regulators as providing a ...
Fri, Nov 9 2012, 6:14 AM
The past two weeks have been an exercise in exhaustion and endurance for
markets and market participants. Following the post-election rally,
the ...
Fri, Nov 9 2012, 4:24 PM
The Departments of Treasury and Housing
and Urban Development released their October edition of the Obama
Administration's Housing Scorecard on Fr...
Fri, Nov 9 2012, 4:15 PM
Bond Markets entered the domestic session slightly improved from yesterday's latest levels but soon began giving up those
gains. This weakness real...
Fri, Nov 9 2012, 2:45 PM
Mortgage
rates were mixed today , with some lenders in slightly better
shape and others slightly higher in cost. Any lenders who were in
bett...
Fri, Nov 9 2012, 1:05 PM
Freddie Mac has declared a mandatory
suspension of evictions and foreclosures on homes secured by mortgages it owns
or guarantees which were affec...
Fri, Nov 9 2012, 1:02 PM
David H. Stevens, President & CEO of the Mortgage Bankers Association ( MBA ) today issued the following statement in reaction to the announcement b...
Thu, Nov 8 2012, 12:49 PM
Yesterday the commentary reported on the news that New Traditions
National Bank will become a subsidiary of Old Florida Bancshares, prompting one
pu...
Thu, Nov 8 2012, 12:07 PM
Lender
Processing Services (LPS) notes a "marked upturn" in delinquency rates in its September
Mortgage Monitor released this
morning. The com...
Thu, Nov 8 2012, 11:51 AM
Fannie Mae in reporting net income of
$1.8 billion in the third quarter of 2012 from $5.70 billion in net revenue
compared to a net loss of $5.1 ...
Thu, Nov 8 2012, 11:36 AM
MBS struggled a bit this morning--to whatever extent a supportive bounce
at 105-00 in Fannie 3.0s could be considered struggling (considering
that...
Thu, Nov 8 2012, 7:45 AM
As always, markets have priced in everything that's " known " and moved into position to digest the " unknown ." In the current case, that means that...
Thu, Nov 8 2012, 4:15 PM
On a day where the ECB press conference with Draghi stood out as the
most likely market mover, it was instead the triumphant 30yr Treasury
auction...
Thu, Nov 8 2012, 3:03 PM
Mortgage
rates held their ground for the most part, though some
lenders were slightly weaker when the day's first round of rate sheets
came o...
Wed, Nov 7 2012, 11:56 AM
Speculation as to the significance of the presidential election to bond markets finally got it's confirmation as Treasuries and MBS zoomed to their ...
Wed, Nov 7 2012, 11:29 AM
Lawrence
Yun , NAR chief economist, said the growth in home prices gets down to supply
and demand. "Housing inventories have been gradually trendin...
Wed, Nov 7 2012, 11:12 AM
"Rob, don't you find it somewhat intriguing that one of the most important
and critical actions we as Americans partake in is voting for of all thing...
Wed, Nov 7 2012, 8:12 AM
The Mortgage Bankers Association (MBA)
said Hurricane Sandy , the powerful storm that slashed through much of the
northeast, also impacted mortgage...
Wed, Nov 7 2012, 7:29 AM
Much as the lead up to the election drove negative volatility for bond markets on Tuesday , Wednesday's election results may well swing that volatili...
Wed, Nov 7 2012, 4:31 PM
The market has a tendency to make people look bad when they try to
oversimplify or over-analyze the relationships between underlying events
and po...
Wed, Nov 7 2012, 4:30 PM
Americans continue to refinance with new
loans the same size or smaller than the loans they are replacing. Freddie Mac's third quarter refinance
a...
Wed, Nov 7 2012, 2:30 PM
Although this can't be said for every lender, mortgage
rates snapped immediately back to recent lows following the election results . The
el...
Wed, Nov 7 2012, 2:01 PM
Industry issued statements in response to last night's reelection of President Barack Obama.
The Mortgage Bankers Association (MBA), SIFMA and th...
Wed, Nov 7 2012, 1:50 PM
The convergence of expectations
about both rising home prices and rising rents may motivate more consumers to
purchase a home in the coming mont...
Tue, Nov 6 2012, 11:36 AM
The National Association of Home
Builders (NAHB)/First American list of improving markets jumped by a net of 22 metropolitan
areas (MSAs) this mon...
Tue, Nov 6 2012, 11:35 AM
Bond markets opened in weaker territory this morning, but only moderately so. The overnight session didn't contain any remarkable revelations to moti...
Tue, Nov 6 2012, 10:55 AM
Home prices increased 5 percent on an
annual basis in September according to data released this morning by
CoreLogic. The CoreLogic Home Price
Ind...
Tue, Nov 6 2012, 9:35 AM
Instead of the two-party system, how about the "I want to party" system!?
Today, as one critic put it, is when the fate of the nation is determined b...
Tue, Nov 6 2012, 6:39 PM
Reuters is reporting that the federal
government is investigating Wells Fargo & Company for its mortgage-related
practices including the originati...
Tue, Nov 6 2012, 6:37 AM
Today's election continues to dominate the near term outlook. Who knows exactly how long this may have been the case?! But certainly, Friday's pa...
Tue, Nov 6 2012, 6:16 AM
Loan modifications and other foreclosure
prevention measures directed at privately owned mortgages continued at a high
rate during both September an...
Tue, Nov 6 2012, 4:47 PM
In the context of the context of the past 3 weeks, current prices in production coupon MBS aren't that bad. In fact, we're headed out in better terri...
Tue, Nov 6 2012, 4:06 PM
Mortgage rates began the day only moderately worse off than yesterday's latest offerings, but rose sharply throughout the day . In the late morni...
Mon, Nov 5 2012, 12:06 PM
Here's something that may sway a few undecided voters. (Is anyone
undecided at this point?) The U.S. debt ceiling is expected to be reached
before 2...
Mon, Nov 5 2012, 11:51 AM
The overnight session was generally positive for bond markets as the looming US election and general European uncertainty both
offer reasons for...
Mon, Nov 5 2012, 7:47 AM
The week ahead offers an uncommonly light selection of economic reports
as well as the 3/10/30yr round of Treasury Auctions. And of course,
Tuesd...
Mon, Nov 5 2012, 5:45 PM
Home ownership, which has already
dropped 2.7 percent since the start of the current housing crisis, is expected
to decline another 1 to 2 percentag...
Mon, Nov 5 2012, 4:11 PM
10yr Treasuries--the best way we have to track the broader domestic bond market overnight--made it to the European session at the same levels seen jus...
Mon, Nov 5 2012, 2:03 PM
While some of the improvement came in the form of late day reprices on Friday, mortgage
rates are appreciably lower to begin the week. Movement...
Fri, Nov 2 2012, 12:02 PM
Even though markets can go either way following an NFP report that comes in "pretty close" to consensus, today's Payrolls print was a bit more econom...
Fri, Nov 2 2012, 9:01 AM
"Spring ahead, fall back!" Sunday morning, folks in most states
will receive an extra hour of snooze time!
What's the difference between a hurri...
