Wed, Dec 12 2012, 4:09 PM
Mortgage
rates are higher on average after today's monetary policy
announcement from the Federal Reserve. Some lenders adjusted rates
higher...
Wed, Dec 12 2012, 1:32 PM
Stephen Cross , Deputy Director of the Division of Federal
Home Loan Bank (FHLBank) Regulation of the Federal Housing Finance Agency
(FHFA) will ret...
Tue, Dec 11 2012, 11:54 AM
MBS have once again entered in to a narrow, sideways holding pattern,
though this morning's version follows a move to the downside at the
open. M...
Tue, Dec 11 2012, 11:06 AM
Commercial and multi-family mortgage
debt increased by $6.6 billion to $2.38 trillion in the third quarter, an
increase of 0.3 percent according t...
Tue, Dec 11 2012, 7:18 AM
Two to three years ago , today's lineup of economic data and
market events would have been much more meaningful. International Trade
at 8:30am wo...
Tue, Dec 11 2012, 4:39 PM
As far as domestic trading hours were concerned, today was even flatter
than yesterday's exceptionally well-contained session for both MBS and
Tre...
Tue, Dec 11 2012, 4:33 PM
IndyMac is back in the news. Last week a jury ordered three former IndyMac
loan officers (in the homebuilder division) to pay $168 million to the F...
Tue, Dec 11 2012, 4:19 PM
Rental housing is a growing crisis according to the
Center for American Progress, but policymakers have made it "an afterthought in
the debate ov...
Tue, Dec 11 2012, 2:54 PM
Nineteen members of the House of
Representatives sent a letter today to President Obama and leaders of both parties
in the House and Senate urging t...
Tue, Dec 11 2012, 2:00 PM
Mortgage
rates are little changed from Monday. Some lenders' rate
sheets are slightly improved versus yesterday's, but a majority offered
ju...
Mon, Dec 10 2012, 11:45 AM
Domestic bond markets took most of their short term directional cues
from European events overnight, though the broader themes set the limits
of t...
Mon, Dec 10 2012, 11:22 AM
"Rob, I am on the board of directors of a bank. Is there a guide
or manual that would help me understand what the QC gal is talking about during
pr...
Mon, Dec 10 2012, 11:09 AM
Fannie Mae's National Housing Survey for
November shows increasing confidence among Americans about the nation's housing
market and the direction ...
Mon, Dec 10 2012, 9:40 AM
The
compensation paid to executive officers of the two government sponsored
enterprises ( GSEs ) Freddie Mac and Fannie Mae has generated a lot of...
Mon, Dec 10 2012, 8:45 AM
By the end of this week, bond markets will only have 8 full sessions left in 2012 .
In December, the first two week's of the month are almost alwa...
Mon, Dec 10 2012, 5:34 PM
Every year, on a single night in January, the Department of Housing and
Urban Development (HUD) aided by a large number of community groups called
C...
Mon, Dec 10 2012, 4:26 PM
The week got off to an exceedingly slow start, both in terms of volume and volatility, which put in their tamest performances in several weeks as far ...
Mon, Dec 10 2012, 3:30 PM
The Wall
Street Journal is reporting that the Obama Administration is planning to
name a permanent Director of the Federal Housing Finance Agenc...
Mon, Dec 10 2012, 1:27 PM
Mortgage
rates are very slightly lower today compared to Friday's
latest offerings. However, Friday's rates were the highest of the week
aft...
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...
