Thu, Nov 15 2012, 6:26 AM
If Wednesday was the busiest day of the week in terms of economic data and market-moving events, Thursday isn't far behind. The
festivities kick ...
Thu, Nov 15 2012, 4:18 PM
Third day of the week is apparently the charm for MBS... Tuesday and
Wednesday saw a level of spread-widening versus Treasuries that bordered on a...
Thu, Nov 15 2012, 3:00 PM
Mortgage
rates put an end to two days of weakness , but for most
lenders, rates were only moderately improved on Thursday. Weak economic
data...
Thu, Nov 15 2012, 2:45 PM
While the Census Bureau has noted the decline
in homeownership over the last few years, the latest edition of Fannie Mae's Housing Insights loo...
Thu, Nov 15 2012, 2:18 PM
The percentage of loans in
foreclosure dropped 20 basis points (bps) on a seasonally adjusted basis in the
third quarter of 2012 from the second q...
Thu, Nov 15 2012, 1:14 PM
Nearly three-quarters of the homes sold
in the U.S. in the third quarter of 2012 were affordable to a family that was
earning the U.S. median income...
Wed, Nov 14 2012, 12:11 PM
Bond markets started out in slightly weaker territory today after a
mildly weaker Asian session and moderately weaker European session. The
morni...
Wed, Nov 14 2012, 11:19 AM
Switching
gears to servicing, it is no surprise that Wells Fargo, BofA, Chase, Citi, and
USBank made up the top five in terms of portfolio size . H...
Wed, Nov 14 2012, 9:54 AM
Mortgage activity increased during the
week ended November 9 as parts of the states most impacted by Hurricane Sandy in
late October were able to ...
Wed, Nov 14 2012, 7:55 AM
Wednesday is the busiest day of this week in terms of the
economic reports and other potential market movers on the calendar. The
biggest-ticke...
Wed, Nov 14 2012, 5:15 PM
For the second straight day , we've seen MBS underperforming
Treasury benchmarks. In other words, Treasuries managed to hold steady
while MBS lo...
Wed, Nov 14 2012, 5:06 PM
Freddie Mac's economists today used the analogy of a patient with a high fever to talk about the recent course of the housing market. In the Novembe...
Wed, Nov 14 2012, 3:26 PM
The housing boom and its accompanying
price appreciation significantly distorted buyer choices about mortgage
financing according to an Economic ...
Wed, Nov 14 2012, 2:30 PM
Mortgage
rates moved higher at a quicker pace today despite the fact
that US Treasury yields were unchanged to slightly improved. In some
ca...
Tue, Nov 13 2012, 12:48 PM
Despite
record low interest rates , the Mortgage Bankers Association's (MBA) Commercial
and Multifamily Originations Index fell during the third ...
Tue, Nov 13 2012, 11:54 AM
Bond markets have been mixed so far this morning and somewhat volatile,
but within narrow ranges. Overnight news and events out of Europe
pushed ...
Tue, Nov 13 2012, 10:29 AM
Well, you gotta hand it to those independent-minded folks over in Texas,
who once again are asking to secede from the Union .
Let's see what that d...
Tue, Nov 13 2012, 9:59 AM
TransUnion, a big three national
consumer credit reporting agency, says that mortgage delinquencies of 60 days or
more duration declined in the ...
Tue, Nov 13 2012, 7:11 AM
Today's data is relatively non-existent, with only 3rd tier reports in
the morning and the Federal budget at 2pm which is more of a
house-keeping ...
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...
