Wed, Sep 19 2012, 7:27 AM
To hear the story told by NAHB's index yesterday, the housing market is in the best shape since June 2006 --the major caveat being that sales EXPE...
Wed, Sep 19 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
If we must be " drifting " at the moment, there are certainly worse ways to go about it. The curre...
Wed, Sep 19 2012, 4:10 PM
Building permits for residential
remodeling were issued at a seasonally adjusted annual rate of 3.14 million in
July, an increase of 6 percent fro...
Wed, Sep 19 2012, 2:54 PM
Mortgage rates moved lower yet again on Wednesday. Given that yesterday's average rates were already inching into ALL-TIME low territory, today'...
Tue, Sep 18 2012, 12:07 PM
The National Association of Home
Builders (NAHB)/Wells Fargo Housing Market Index (HMI) which measures builder
confidence hit a six year high in Se...
Tue, Sep 18 2012, 11:51 AM
After increasing for two quarters
TransUnion's Credit Risk Index (CRI) ratcheted back down in the second quarter
of 2012 to about the same place i...
Tue, Sep 18 2012, 11:50 AM
MBS Live : MBS Morning Market Summary
While the overnight session saw increased volume and movement, the domestic session has been broadly ...
Tue, Sep 18 2012, 11:22 AM
And now for something completely non-mortgage related...For you astronomy
& space explorations fans out there in Northern California, if you're
arou...
Tue, Sep 18 2012, 10:57 AM
The Federal Housing Finance Agency's Office
of Inspector General (FHFA-OIG) has completed two evaluations related to
servicing of Fannie Mae and...
Tue, Sep 18 2012, 7:57 AM
It's an admittedly light week in terms of domestic economic data. Not only are the reports few, but those we do get aren't the most urgent market m...
Tue, Sep 18 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
It's still possible to count the number of days where Fannie 3.0s have closed over 104-00 without using t...
Tue, Sep 18 2012, 3:25 PM
Fannie Mae's economists are
predicting continued slow growth in the second half of the year. The first half was marked by improvements in
some eco...
Tue, Sep 18 2012, 1:58 PM
Data on lending activity during 2011
at 7,632 financial institutions that are covered by the Home Mortgage
Disclosure Act ( HDMA ) was released to...
Tue, Sep 18 2012, 1:25 PM
Mortgage rates moved slightly lower again today. Much like yesterday, not all lenders' rates were better and a few were priced marginally worse. I...
Mon, Sep 17 2012, 11:57 AM
We, including my old college roommate "Slugbreath," find
ourselves in "Unmarried and Single
Americans Week." The Buckeye Singles Council "National...
Mon, Sep 17 2012, 11:39 AM
Lawrence
Yun, Chief Economist for the National Association of Realtors® (NAR) said Monday
that there would be enormous benefits to the nation's econ...
Mon, Sep 17 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
Even with Japan out for the day and the Rosh Hashanah holiday, today still manages to feel slo...
Mon, Sep 17 2012, 7:45 AM
Markets only had one day to digest the landmark QE3 announcement last week which saw the Fed roll out open-ended large scale purchases of newly or...
Mon, Sep 17 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
Looking over the calendar of events (and holidays) at home and abroad today, we were expecting things to ...
Mon, Sep 17 2012, 2:45 PM
Mortgage rates moved slightly lower today in most cases, though some lenders rates were marginally higher today. On average, rates are once again i...
Fri, Sep 14 2012, 12:10 PM
Edward J. DeMarco, Acting Director of
the Federal Housing Finance Agency (FHFA) sketched in a broad outline of the
agency's vision for the future...
Fri, Sep 14 2012, 11:47 AM
MBS Live : MBS Morning Market Summary
MBS briefly made new all time highs earlier this morning but rapidly backed off as bond markets sol...
Fri, Sep 14 2012, 7:03 AM
After yesterday's massive QE3-inspired rally took production MBS to NEW ALL TIME HIGHS , it might seem a bit anticlimactic to wade through a relative...
Fri, Sep 14 2012, 6:29 PM
Late Friday Fannie Mae gave borrowers
and lenders an alternative to documenting income for Refi Plus loans where
payment increases will be under 20 ...
Fri, Sep 14 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
It was a heavy day of selling for Treasuries and only a slightly less heavy day of selling for MB...
Fri, Sep 14 2012, 2:57 PM
Mortgage rates moved slightly lower today after falling significantly on the Fed's policy announcement yesterday. The drop in rates today is somewh...
Thu, Sep 13 2012, 12:46 PM
Release Date: August 1, September 13, 2012
For immediate release
Information received since the Federal Open Market Committee met in June ...
Thu, Sep 13 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
The crowd has fallen silent well in advance of today's highly anticipated FOMC Announcement. Volum...
Thu, Sep 13 2012, 9:58 AM
The Federal Housing Finance Agency's
(FHFA) Office of Inspector General (OIG) has issued a report on the progress
FHFA has made in correcting subs...
Thu, Sep 13 2012, 8:39 AM
Aggregate foreclosure activity as
measured by foreclosure filings rose 1 percent in August compared to September
but was down 15 percent from one ...
Thu, Sep 13 2012, 7:25 AM
For many market watchers, mavens, talking-heads of all varieties, and even surveyed primary dealers, today's question isn't so much about WHETHER th...
Thu, Sep 13 2012, 5:48 PM
The Departments of Treasury and Housing
and Urban Development released the August version of its monthly Housing
Scorecard this afternoon. The Sco...
Thu, Sep 13 2012, 4:35 PM
Mortgage rates abruptly lower today after the Fed unveiled a third round of large-scale asset purchases known as quantitative easing or QE3. Althou...
Thu, Sep 13 2012, 4:25 PM
MBS can't control their enthusiasm after the Fed announced MBS-Specific
QE3 today , adding enough dedicated purchase money to the buy side each
m...
Thu, Sep 13 2012, 3:49 PM
Congress just stepped into the dispute
over the right of Chicago and two communities in California to use eminent
domain on behalf of local homeown...
Wed, Sep 12 2012, 12:37 AM
In terms of market-moving data, today we finally arrive at the first day of two most significant days of data and events since the last FOMC and ECB A...
Wed, Sep 12 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
The entire shape of trading this morning seems to have been dictated by the German court decision , ...
Wed, Sep 12 2012, 10:34 AM
The proportion of homeowners with
negative or near equity in their homes declined in the second quarter of the
year with 600,000 borrowers reachi...
Wed, Sep 12 2012, 10:21 AM
The U.S. Government now has a $16 trillion deficit. On the other hand, it
made about $12 billion on the AIG stock sale - congrats. To put those numbe...
Wed, Sep 12 2012, 9:53 AM
The official end of summer seems to have
signaled a resurgence in refinancing .
Despite a week shortened by the Labor Day holiday, applications fo...
Wed, Sep 12 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
Bond markets simply languished sideways to slightly weaker today after walking in the door already ...
Wed, Sep 12 2012, 4:20 PM
The September issue of Fannie Mae's Housing Insights says little specific
about housing, focusing instead on changes in average and aggregate ear...
Wed, Sep 12 2012, 2:40 PM
Pre-HAMP experience with loan modifications
may have been key to the outcome of the Home Affordable Modification Program (HAMP)
according to a pap...
Wed, Sep 12 2012, 1:58 PM
Mortgage rates moved higher for the third straight day after an important legal decision in Germany indicated that Europe's new permanent bailout fu...
Tue, Sep 11 2012, 11:40 AM
MBS Live : MBS Morning Market Summary
MBS opened in slightly weaker territory but were still within yesterday's range. That range was actu...
Tue, Sep 11 2012, 11:01 AM
Is it easier to finance 500 non-owner loans than it is 5? It is kind of
looking that way .
But speaking of lots of loans, and lost in the chatter...
Tue, Sep 11 2012, 10:45 AM
Two U.S. Senators have
reintroduced a bill which aimed at giving Freddie Mac and Fannie Mae (the GSEs)
financed homeowners with equity the some ...
Tue, Sep 11 2012, 10:35 AM
The Federal Housing Finance Agency
(FHFA) has moved to lift a lot of the uncertainty about lender risk and
responsibility with a new framework for...
Tue, Sep 11 2012, 7:33 AM
The week began fairly uneventfully yesterday as MBS essentially coasted sideways in a fairly narrow range, ultimately going out at similar levels to t...
Tue, Sep 11 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
After hitting their best recent levels at the end of August, bond markets have simply been trending...
