Tue, Dec 4 2012, 2:34 PM
Mortgage rates continued yesterday afternoon's positive momentum , moving back to their best recent levels. The underlying financial markets were...
Tue, Dec 4 2012, 2:05 PM
Families in areas hard-hit by
Hurricane Sandy will get a little extra help if they qualify for rental
assistance . The Department of Housing
and ...
Mon, Dec 3 2012, 11:50 AM
There was a dramatic drop in the rate
of completed foreclosures in October according to CoreLogic's National Foreclosure
Report issued on Monday; ...
Mon, Dec 3 2012, 11:48 AM
It's difficult to say for sure whether or not bond markets have had a resilient morning as a result of weaker-than-expected ISM data or if they were p...
Mon, Dec 3 2012, 11:37 AM
Both Freddie Mac and Fannie Mae
announced today that they are suspending evictions of foreclosed single family
and 2-4 unit properties during the ...
Mon, Dec 3 2012, 11:22 AM
It seems that Congress is once again tempted to come back to the "mortgage
well" since the House passed HR 1629, the STEM Jobs Act of 2012. The bil...
Mon, Dec 3 2012, 10:11 AM
As MND reported on Friday ,
this is essentially an immigration bill, a controversial one, that, as
originally filed, would grant an increased numbe...
Mon, Dec 3 2012, 7:34 AM
Heading into Monday, the latest on the Fiscal Cliff can be summed up in one word: impasse . The dangerous thing about an impasse, specific to MBS an...
Mon, Dec 3 2012, 4:56 PM
The Federal Reserve Bank of New York held a workshop
today on The Spread between Primary and Secondary Mortgage Rates : Recent Trends and Prospects...
Mon, Dec 3 2012, 4:29 PM
Bond markets began the session in weaker territory after a series of overnight headlines and events that generally pointed in a "risk-on" direction....
Mon, Dec 3 2012, 3:36 PM
About $13 billion of residential mortgages
originated in 2012 could contain fraudulent information , a $1 billion increase
over estimates for bot...
Mon, Dec 3 2012, 3:17 PM
Mortgage rates began the day in weaker territory , but were able to make it back to Friday's levels as most lenders improved pricing in the afternoo...
Mon, Dec 3 2012, 2:53 PM
Results from a recent on-line study indicate that not all
consumers are wedded to traditional lenders when it comes to their mortgage
needs. Eight...
Fri, Nov 30 2012, 11:56 AM
It's not uncommon to see a bit of volatility after the almost daily
installments of the Fed's Operation Twist purchases. These almost
always occu...
Fri, Nov 30 2012, 10:57 AM
"If I could rearrange the alphabet, you and I would be
together." Before you roll your eyes at that one, a buddy of mine said
that to a gal at a bar...
Fri, Nov 30 2012, 10:48 AM
The number of state licensed mortgage
companies registered with the National Mortgage Licensing System (NMLS) decreased
by 2.3 percent on an annual ...
Fri, Nov 30 2012, 7:19 AM
Friday arrives (does it feel sooner than recent Friday's?) with
little fanfare, at least not the kind that's on the schedule ahead of
time. There...
Fri, Nov 30 2012, 5:23 PM
The House of Representatives passed HR 1629 ,
the STEM Jobs Act of 2012 on Friday afternoon even as opposition to the funding
of the measure was ge...
Fri, Nov 30 2012, 4:40 PM
It was a surprisingly uneventful month-end Friday for MBS and broader
markets alike. Stock prices and bond yields rose moderately overnight
on po...
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...
