Fri, Oct 5 2012, 11:13 AM
When I am bored, I dream about designing an entirely new secondary market
for loans . And then I think about designing an entirely new medical
insu...
Fri, Oct 5 2012, 6:11 AM
Recent employment-related data has been mixed with about half the reports (or employment components of other reports) pointing toward the stronger ...
Fri, Oct 5 2012, 4:52 PM
The Departments
of Treasury and Housing and Urban Development released the August version of their
monthly Housing Scorecard this afternoon. The S...
Fri, Oct 5 2012, 4:27 PM
Today's jobs report did a good amount of damage to broader bond markets, though MBS prices managed to withstand the barrage with more composure. ...
Fri, Oct 5 2012, 3:11 PM
Bill Dudley, president and CEO of the
Federal Reserve Bank of New York and vice chair of the Federal Open Market
Committee (FOMC) told a conference ...
Fri, Oct 5 2012, 2:34 PM
Markets had been anxiously awaiting Friday's jobs data and the movement that followed was decisive. Mortgage rates rose to their highest levels in ...
Fri, Oct 5 2012, 2:23 PM
In February, the Federal Housing Finance Agency (FHFA)
issued a strategic plan for its ongoing conservatorship of Freddie Mac and
Fannie Mae (...
Thu, Oct 4 2012, 11:58 AM
Key housing policies on the horizon are complex and it’s difficult to explain them in simple terms. This is why we haven’t heard much from the Preside...
Thu, Oct 4 2012, 11:52 AM
MBS Live : MBS Morning Market Summary
Bond markets drifted higher in yield overnight in light volume. China has been out all week, which...
Thu, Oct 4 2012, 11:00 AM
Multi-family lending increased dramatically
in 2011 according to a report released by the Mortgage Bankers Association
(MBA) today. Perhaps more im...
Thu, Oct 4 2012, 10:45 AM
CoreLogic reported this morning that completed foreclosures in
August were 24 percent lower than one year earlier and also down from July. There
...
Thu, Oct 4 2012, 10:42 AM
A favorite topic at water coolers and trade desks is "How sports and
entertainment stars, making millions every year, go bankrupt - can't they save
...
Thu, Oct 4 2012, 6:21 AM
After more than a week of utter containment of trading levels in bond markets, Thursday marks the last chance for events, data, and headlines to c...
Thu, Oct 4 2012, 4:36 PM
MBS faced two major challenges today, both of which took their toll on
prices and resulted in widespread negative reprices. At the most
obvious l...
Thu, Oct 4 2012, 2:47 PM
Mortgage rates rose to their highest levels of the week on
Thursday as bond markets moved into a defensive position ahead of
Friday's major emp...
Thu, Oct 4 2012, 1:14 PM
The number of metropolitan areas on the
list of improving housing markets increased to 103 in September, an increase of
four from the August tally...
Wed, Oct 3 2012, 12:25 PM
Mortgages were prepaid at a higher rate
in August than at any time since 2005 according to the August Mortgage Monitor report issued by Lender
Pro...
Wed, Oct 3 2012, 11:56 AM
MBS Live : MBS Morning Market Summary
The day began well enough for MBS and Treasuries with overnight markets giving mixed cues. Late Euro...
Wed, Oct 3 2012, 10:44 AM
There are some stirrings out there that are raising some eyebrows. Jungle
drums pounding about a whispered 30% pay cut for many at Genworth ...
tel...
Wed, Oct 3 2012, 8:49 AM
Record low interest rates prompted a
surge in mortgage applications during the week ended September 28. The Mortgage Bankers Association (MBA) s...
Wed, Oct 3 2012, 5:44 AM
After Monday's stronger-than-expected ISM numbers were weathered uneventfully for bond markets, the first two days of the week have essentially " not ...
Wed, Oct 3 2012, 4:47 PM
Editor's note : DataQuick®, a provider of
advanced real estate information solutions recently announced that Gordon
Crawford, Ph.D. had joined thei...
Wed, Oct 3 2012, 4:32 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, Oct 3 2012, 3:39 PM
Mortgage rates held steady on Wednesday despite slightly weaker levels in the underlying secondary mortgage market. Prices of the mortgage-backed ...
Tue, Oct 2 2012, 11:36 AM
MBS Live : MBS Morning Market Summary
Today is one of those days that looks like it will be relatively uneventful based on the agenda of data a...
Tue, Oct 2 2012, 10:54 AM
Funders and government workers (not the same!) know that next Monday
is a holiday for many. October - it has Halloween! Wasn't it just the 4th
of ...
Tue, Oct 2 2012, 10:21 AM
Home prices in August posted the largest annual increase in
over six years according to data released this morning by CoreLogic . The company's Au...
Tue, Oct 2 2012, 9:18 AM
The Justice Department (DOJ) task
force formed to pursue past offenses in the creation, sale, and servicing of
residential mortgage-backed securiti...
Tue, Oct 2 2012, 7:37 PM
The Federal Housing Finance Agency
(FHFA) announced today that the Cogsville Group, LLC is the second successful
bidder in the agency's owned rea...
Tue, Oct 2 2012, 5:23 AM
Monday marked a solid start to October for MBS as prices held true to the " leveling off " theme rather than the " reversal ." This keeps Fannie 3....
Tue, Oct 2 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Fannie 3.0s ALMOST hit all-time highs today, briefly touching 106-01 in what was mostly a sideway...
Tue, Oct 2 2012, 3:32 PM
Mortgage rates moved gently lower on Tuesday amid relatively calm market conditions. There was little if anything for markets to digest in the fir...
Tue, Oct 2 2012, 1:25 PM
The monitor in charge of the $25 billion
National Mortgage Settlement reminded the five participating servicers as well as the
public that today mar...
Mon, Oct 1 2012, 12:40 PM
The National Mortgage Licensing System
(NMLS) is upgrading its reporting system with a number of enhancements, many of
which seem aimed at keeping...
Mon, Oct 1 2012, 12:31 PM
While overall construction spending fell
in August, both public and private spending on residential construction increased
during the month. The Ce...
Mon, Oct 1 2012, 11:43 AM
MBS Live : MBS Morning Market Summary
October is a historically ominous month for bond markets, and while the last three years of negativ...
Mon, Oct 1 2012, 9:43 AM
This one from an AE in a "red state": Q: Do you know what the
difference is between conservatives and progressives? A: About $16
trillion! Trillion...
Mon, Oct 1 2012, 8:12 AM
While MBS have essentially maintained their QE3 sugar rush , Treasuries have taken the past two weeks to make an orderly move back to the same " safe...
Mon, Oct 1 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
While Treasuries faced a major (relative) set-back with the stronger-than-expected ISM data on Mo...
Mon, Oct 1 2012, 2:19 PM
Mortgage rates moved gently lower to begin the week (and month), ending a two day run toward higher rates on Thursday and Friday. Trading levels i...
Fri, Sep 28 2012, 12:43 AM
After stringing together 8 sessions closing unchanged or improved vs the previous close, Treasuries and MBS both gave up some ground on Thursday. W...
Fri, Sep 28 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
Bond markets improved overnight but began giving up ground shortly after 9am. The weakness wasn't...
Fri, Sep 28 2012, 10:23 AM
Economists have been debating the
value versus risk of expanded refinancing opportunities since the early days of
the housing crisis. Proponents a...
Fri, Sep 28 2012, 10:17 AM
It is good having a roof over your head. But sometimes even well-known TV
actresses find themselves without one. What would The Fonz do ?
Maybe...
Fri, Sep 28 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
After opening in stronger territory and continuing some of that strength through the first round ...
Fri, Sep 28 2012, 3:34 PM
After breaking an impressive streak of improvement yesterday, Mortgage rates are higher again on Friday , but at a slower pace. Additionally, ther...
Thu, Sep 27 2012, 11:57 AM
MBS Live : MBS Morning Market Summary
Depending on how long you've been watching market movements and keeping track of changes in mortgage rat...
Thu, Sep 27 2012, 11:34 AM
The report this morning from the
National Association of Realtors® ( NAR ) on pending home sales shows continued
volatility in the housing marke...
Thu, Sep 27 2012, 10:23 AM
The performance of mortgages
serviced by banks regulated by the Office of Comptroller of the Currency (OCC)
declined in the second quarter but was i...
Thu, Sep 27 2012, 9:51 AM
Even though last Saturday was the equinox, here's the weird thing: five
days after the equinox today is the "longest" day of the year! If
you're thi...
