Fri, Nov 2 2012, 6:49 AM
It's been a long and interesting week to say the least. We finally come to the end of the week today, though it certainly wouldn't have felt ' too ...
Fri, Nov 2 2012, 4:24 PM
If you'd given us the results of today's Employment Situation yesterday
and asked us to predict how markets would react, we certainly have
expecte...
Fri, Nov 2 2012, 2:37 PM
Dear President Obama, As the election approaches next week, I feel compelled as a twenty veteran of the housing industry to write a letter that speak...
Fri, Nov 2 2012, 2:36 PM
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Fri, Nov 2 2012, 2:09 PM
Mortgage
rates were slightly higher in some cases but generally held
up surprisingly well after today's Employment Situation Report showed a
...
Thu, Nov 1 2012, 12:07 PM
Bond markets are weaker today, but it's the sort of weakness that's
relatively tolerable. It speaks to some sort of ongoing, underlying
level of ...
Thu, Nov 1 2012, 9:17 AM
Hey, it's November 1st! Just think: any 60 day rate lock (pretty
common place these days) expires in 2013! All those LO's with hefty incomes
in 20...
Thu, Nov 1 2012, 8:39 AM
The Federal
Reserve's Senior Loan Officer Opinion Survey on Bank Lending Practices asked lending officers from 64 institutions for
information on ...
Thu, Nov 1 2012, 6:37 AM
Whereas Wednesday had little by way of data and domestic market
headlines, Thursday is crowded with reports as some of the data normally
scheduled...
Thu, Nov 1 2012, 4:28 PM
As far as "down days" go, today's wasn't nearly as painful or as eventful as most can be.
Fannie 3.0s are heading out less than a quarter of a poin...
Thu, Nov 1 2012, 3:55 PM
A sellers' market appears to be emerging
in some areas in California. The
California Association of Realtors® (C.A.R.) said Thursday that favorab...
Thu, Nov 1 2012, 3:07 PM
Mortgage
rates were significantly more unified in their movement on Thursday. Actually, "lack of movement "
would be a better characterizatio...
Thu, Nov 1 2012, 2:15 PM
When America spun into the recession the
default rate on mortgages also spiraled up from traditional norms of 0 to 2
percent to as high as 10 perc...
Thu, Nov 1 2012, 1:42 PM
Two federal agencies announced
on Thursday that they are working together to create the first comprehensive
repository of detailed mortgage loan in...
Wed, Oct 31 2012, 12:39 PM
Agreements were announced on Wednesday with
nine private insurance carriers that will make foreclosure alternatives much
quicker and easier for ...
Wed, Oct 31 2012, 12:23 PM
With our without the storm damage, here in the U.S. there are 41 million potential
trick-or-treaters (children age 5 to 14; see joke at bottom) acros...
Wed, Oct 31 2012, 12:11 PM
It was hard to know exactly what to expect coming into today's session,
but one of the fairer guesses was that we'd see some measure of support
fr...
Wed, Oct 31 2012, 10:58 AM
The Consumer Financial Protection Bureau
(CFPB) reposted one of its earliest blog postings today to help the victims of
Hurricane Sandy avoid the ...
Wed, Oct 31 2012, 10:50 AM
While completed foreclosures continued
to drop in September, CoreLogic's National
Foreclosure Report points out that they are still nearly tripl...
Wed, Oct 31 2012, 9:02 AM
Applications for refinancing declined
for the fourth straight week according to information from the Mortgage Bankers
Association's (MBA) Weekly Mo...
Wed, Oct 31 2012, 6:55 AM
After the once-in-a-lifetime unscheduled hiatus of the past 1.75 days,
bond markets will be open again on Wednesday, but we're not expecting
the s...
Wed, Oct 31 2012, 5:08 PM
As you might expect, the first day back on line after an unscheduled 1.5
days off was a somewhat volatile one for bond markets. The fact that
it ...
Wed, Oct 31 2012, 3:03 PM
Mortgage
rates were all over the board on Wednesday in terms of their
movements relative to each other and trading levels in the Secondary
Mo...
Tue, Oct 30 2012, 12:11 PM
Thank you to Julie F. from NJ on the FEMA declarations and re-inspections
normally required on properties in a disaster area . (A 2070, or 2075, wit...
Tue, Oct 30 2012, 12:03 PM
Vacancy rates in the third quarter
declined from one year earlier for both homeowner properties and those held as
rentals according to the U.S. Cen...
Tue, Oct 30 2012, 10:20 AM
There is
continued good news about home prices from the S&P/Case-Shiller Home Price
Indices today. Both the 10-City and the
20-City Composites...
Tue, Oct 30 2012, 8:08 AM
Just about the only thing that remains on the calendar for today will be the 900am release of S&P Case Shiller
Home Prices. The Conference Board an...
Tue, Oct 30 2012, 3:38 PM
Mortgage
rates rose slightly on Tuesday, even though financial markets
were fully closed due to Hurricane Sandy. The market closure meant
th...
Tue, Oct 30 2012, 3:14 PM
Homeowners with Freddie Mac mortgages
will get some help if their homes were damaged or destroyed by Monday's massive
storm. The company announce...
Mon, Oct 29 2012, 12:12 PM
Trading has been predictably slow and uneventful as market participants are in housekeeping mode
thanks to an early close today and a complete clo...
Mon, Oct 29 2012, 10:33 AM
Although the credit markets are open until noon EST, and thus rates are
moving, the Fannie Trading Desk spread the word to clients, " Due to
Hurrica...
Mon, Oct 29 2012, 8:24 AM
Even before it begins, the week ahead is getting off to a tumultuous start with
Hurricane Sandy expected to drastically increase in severity into ...
Mon, Oct 29 2012, 5:02 PM
MBS Live : MBS Afternoon Market Summary
After closing 2 hours earlier than a normal early close (12pm vs 2pm), bond markets will be complet...
Mon, Oct 29 2012, 1:02 PM
Mortgage
rates continued falling this morning despite stronger-than-expected economic data. The trading session was punctuated by an early clos...
Sat, Oct 27 2012, 8:22 AM
I confess that I own three type writers: the first helped my Mom at
Stanford in the 1940's, the second I used to teach myself how to type while in
h...
Fri, Oct 26 2012, 12:12 PM
Contributing to MND the past 4 years, I have been content to
represent my image as a bewildered George Bayley, wondering what
happened to his belo...
Fri, Oct 26 2012, 11:55 AM
gain a good portion of the day's movement was seen during the overnight session as Asian and Europe essentially made the opposite move from yesterda...
Fri, Oct 26 2012, 11:44 AM
Home prices rose
0.2 percent in August compared to July on the Home Price Index (HPI) produced
by Lender Processing Services (LPS). The
LPS HPI i...
Fri, Oct 26 2012, 10:39 AM
Here's a rare editorial comment from me if folks care to read it. I found
the MBA's conference earlier this week to be well attended, informative, an...
Fri, Oct 26 2012, 7:25 AM
Things are frustrating right now for bond markets. Somehow, October has managed to be one of the weakest months of the past two years,
yet has ...
Fri, Oct 26 2012, 4:36 PM
Sometimes these things happen. We're sensitive to the general feeling
that Friday afternoons tend to be tough more often than they do what
they d...
Fri, Oct 26 2012, 2:39 PM
Three different scenarios for predicting the level of
additional financial support the two government sponsored enterprises (GSEs)
Freddie Mac and F...
Fri, Oct 26 2012, 1:42 PM
Mortgage
rates fell back in line with Wednesday's levels in most cases today, though lenders' offerings varied more than usual. Markets conti...
Thu, Oct 25 2012, 12:03 PM
MBS still aren't back into positive territory on the day, but they're in much better shape than
earlier this morning when Fannie 3.0s hit 104-03...
Thu, Oct 25 2012, 11:38 AM
The National Association of Home
Builders' (NAHB) Remodeling Market Index (RMI) for the third quarter hit 50 for
the first time since the same per...
Thu, Oct 25 2012, 10:30 AM
Sixty-two percent of major metropolitan
areas saw an improvement in foreclosure activity during the third quarter of
2012 with 141 of the nation's ...
Thu, Oct 25 2012, 10:21 AM
Pending home sales were flat in
September, inching up 0.3 percent on the Pending Home Sales Index (PHSI)
maintained by the National Association of ...
Thu, Oct 25 2012, 9:46 AM
This short video isn't funny in the least, but should not be missed
for anyone in the financial services sector, IT, or anyone else for that matter...
Thu, Oct 25 2012, 7:36 AM
After a sparse overnight calendar in Europe and Asia, the domestic session kicks off with Jobless Claims , Durable Goods, and Chicago Fed's Nation...
Thu, Oct 25 2012, 4:36 PM
Current housing recovery chatter centers around two main themes...
