Thu, Aug 30 2012, 8:35 AM
Foreclosed and pre-foreclosed homes
maintained their position as the source of over a fifth of U.S. home sales in
the second quarter of 2012. Twe...
Thu, Aug 30 2012, 7:25 AM
Bond markets continued to give the impression that they're not eager to commit to any prolonged directional moves ahead of the series of events most...
Thu, Aug 30 2012, 4:30 PM
MBS Live : MBS Afternoon Market Summary
Thursday night and we've essentially seen the sidewa ys range established last Thursday hold up in...
Thu, Aug 30 2012, 4:05 PM
Mortgage rates moved slightly lower today recovering a portion of weakness seen yesterday. Markets have a lot on their plate in the first two weeks...
Thu, Aug 30 2012, 2:04 PM
Delinquency rates for commercial and
multi-family mortgages continued to rise in CMBS portfolios during the second
quarter of 2012 and now stand a...
Wed, Aug 29 2012, 11:35 AM
MBS Live : MBS Morning Market Summary
This morning has seen Q2 final GDP print +1.7 percent, as expected, as well as a better-than-expect...
Wed, Aug 29 2012, 10:47 AM
Pending home sales rose to the highest
level in over two years last month according to the Pending Home Sales Index
for July released by the Nationa...
Wed, Aug 29 2012, 10:35 AM
While applications for purchase mortgages rose
slightly during the week ended August 24 it wasn't enough to compensate for the
drop in refinancing a...
Wed, Aug 29 2012, 7:54 AM
Occasionally, reality proves to sober the cynicism or concern in our analysis. Sometimes, events crop up that have an unexpectedly large impact on tr...
Wed, Aug 29 2012, 4:46 PM
First lien mortgage debt decreased
substantially during the second quarter of 2012, bringing overall household
indebtedness down by $53 billion co...
Wed, Aug 29 2012, 4:22 PM
Mortgage rates moved higher today at a fairly quick pace after falling in line with their best levels of the month yesterday. The move doesn't alte...
Wed, Aug 29 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Volume increased today as headlines and data became more plentiful, but not necessarily because of ...
Wed, Aug 29 2012, 4:06 PM
Joseph A. Smith, Monitor of the National
Mortgage Servicing Settlement issued a progress report on Wednesday. Smith, former North Carolina Banking...
Tue, Aug 28 2012, 11:46 AM
While the gains were modest, all three
major S&P Case-Shiller Home Price Indices ended the second quarter of 2012
with positive annual growth ra...
Tue, Aug 28 2012, 11:34 AM
MBS Live : MBS Morning Market Summary
Last week we noted the possibility that the current week could see a mostly sideways grind into the...
Tue, Aug 28 2012, 11:21 AM
CoreLogic's July National
Foreclosure Report , released today, reported completed foreclosures
during the month totaled 58,000 compared to 62,0...
Tue, Aug 28 2012, 11:03 AM
There's an old saying that there are no Republican folks songs. But now,
at least, there are Yiddish curses for Republican Jews: link
Continuin...
Tue, Aug 28 2012, 7:00 AM
While Monday technically contained a modicum of economic data in the form of the Chicago Fed's manufacturing index, the first potentially market-mov...
Tue, Aug 28 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
The biggest story of the day was that there continue to be no big stories since last week's FOMC...
Tue, Aug 28 2012, 2:29 PM
Mortgage rates moved moderately lower today in most cases. Although the drop wasn't fast-paced or abrupt, the recent range of rates has been extrem...
Mon, Aug 27 2012, 11:10 AM
Well, this is the week that many Secondary Marketing folks have been
dreading. It is the last week of the
month after a sell-off, and there are ple...
Mon, Aug 27 2012, 11:09 AM
MBS Live : MBS Morning Market Summary
The week is off to the slow and relatively sideways start as expected with much of the volume acc...
Mon, Aug 27 2012, 6:59 AM
The week ahead has potential to offer decent amounts of markets movement only to the extent that it's economic data and auctions deviate from expectat...
Mon, Aug 27 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Mon, Aug 27 2012, 2:51 PM
Mortgage rates moved gently higher today in most cases, though some lenders were unchanged and in rare cases, slightly improved. There was little b...
Fri, Aug 24 2012, 11:53 AM
As I've gotten older I've developed the unusual ability to stare at
something and not see it. I am particularly good at doing this with car keys on
...
Fri, Aug 24 2012, 11:36 AM
MBS Live : MBS Morning Market Summary
MBS enjoyed a fairly strong morning, rising to recent highs after a rather uneventful and moderatel...
Fri, Aug 24 2012, 11:18 AM
Massachusetts Attorney General Martha
Coakley told Freddie Mac and Fannie Mae (the GSEs) on Thursday that they must conform
to a new state mor...
Fri, Aug 24 2012, 8:27 AM
Another Friday and another opportunity for markets to "trade it out" rather than react to data and headlines. There's next to nothing on tap for th...
Fri, Aug 24 2012, 4:50 PM
Bank of America has committed to provide
1,000 homes over a three year period to local agencies and non-profit
organizations working with injured...
Fri, Aug 24 2012, 4:37 PM
MBS Live : MBS Afternoon Market Summary
While the namesake and the focus of our analysis is indeed MBS, we've often noted that 10yr Treasur...
Fri, Aug 24 2012, 3:58 PM
Mortgage Rates rose marginally today after two days of significant improvement. Wednesday and Thursday's strong gains followed the release of the l...
Thu, Aug 23 2012, 11:57 AM
New home sales rose in July to a
seasonally adjusted annual rate of 372,000 units. According to a joint release from the U.S.
Census Bureau and th...
Thu, Aug 23 2012, 11:34 AM
I was in Kansas yesterday, and saw a sign, "Ladies, if a man says he is going to fix something, he will.
There is no need to remind him every six mo...
Thu, Aug 23 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
Essentially, the overnight session and morning trading have validated yesterday's post-FOMC Minutes...
Thu, Aug 23 2012, 7:10 AM
Wednesday's session gave us real reason to hope that the scariest endgame scenarios of the recent sell-off were just the boogie men we hoped they wo...
Thu, Aug 23 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Long time readers of the commentary will know that we're not big fans of long term moving averages ...
Thu, Aug 23 2012, 3:34 PM
Mortgage Rates proceeded lower again today, adding on to the already substantial improvements from yesterday. Some of the gains reflect additional ...
Thu, Aug 23 2012, 3:08 PM
House prices increased 1.8 percent from
the first quarter of 2012 to the second the Federal Housing Finance Agency
( FHFA ) said today. The Agen...
Thu, Aug 23 2012, 2:53 PM
The Federal Reserve Bank of New York
today marked the end of its financial involvement with American International Group
( AIG ) which began in 20...
Thu, Aug 23 2012, 2:51 PM
Fannie Mae announced on Thursday that 22
of its servicers had produced results in its Servicer Total Achievement and
Rewards TM (STAR) Program for ...
Wed, Aug 22 2012, 12:09 PM
Sales
of existing homes increased nationally in July to a seasonally adjusted annual
rate of 4.47 million units . This is an
increase of 2.3 per...
Wed, Aug 22 2012, 11:53 AM
MBS Live : MBS Morning Market Summary
So bond markets are actually rallying... Yes, this seems like a long-forgotten concept, but a happy ...
Wed, Aug 22 2012, 10:44 AM
Toll Brothers, a home building company
active in 20 states, buoyed Wall Street on Wednesday with a quarterly report
that also gave the housing indus...
Wed, Aug 22 2012, 8:44 AM
Rising interest rates dragged
refinancing applications down 9 percent during the week ended August 17
according to the Mortgage Bankers Associat...
Wed, Aug 22 2012, 8:07 AM
In yesterday morning's article, we discussed the recent consolidation of 10yr Treasury yields in the context of "Flag/Pennant" formations ( Read It ...
Wed, Aug 22 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Today was the day . It was the day when significant data returned to markets, when the technica...
Wed, Aug 22 2012, 3:58 PM
Mortgage Rates fell sharply today after the Minutes from the latest Fed meeting revealed a strong level of commitment toward additional monetary acc...
Wed, Aug 22 2012, 2:24 PM
This is a frightening statistic, probably one of the most worrisome in
recent years: 25% of mortgage bankers and Realtors in the country are on
medi...
Tue, Aug 21 2012, 12:01 PM
Default rates for most types of consumer
loans continued to ease during July according to the S&P/Experian Consumer
Credit Default Indices released...
