Tue, Aug 21 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Somewhat disconcerting movement in bond markets this morning... The fact that we opened in weaker te...
Tue, Aug 21 2012, 11:01 AM
Per the Mayans, we have four more months to live. But just in case the
sun comes up on December 22nd, it's good to have some retirement money stashed...
Tue, Aug 21 2012, 8:00 AM
The week began with another sideways session for bond markets. Although MBS have outperformed somewhat in the last two session, 10yr yields have gone...
Tue, Aug 21 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
Things were much weaker and perhaps even a little scarier this morning as bond markets failed to br...
Tue, Aug 21 2012, 3:48 PM
The Federal Housing Finance Agency
( FHFA ) announced today that Freddie Mac and Fannie Mae (the GSEs) are revising
their short sale guidelines...
Tue, Aug 21 2012, 3:35 PM
Mortgage Rates moved higher today, falling back in line with Friday's levels, continuing a recent trend of smaller sideways movements around the n...
Mon, Aug 20 2012, 11:25 AM
If you have some spare change sitting around, a $1.7 billion portfolio of
non-performing, federally insured home loans will be offered for sale at
a...
Mon, Aug 20 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
After Starting in weaker territory vs Friday's levels, MBS and Treasuries rallied back into positive ...
Mon, Aug 20 2012, 7:53 AM
If markets weren't so busy trying to convince us that interest rates hit their final iteration of all-time lows in late July, the week ahead would be ...
Mon, Aug 20 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
After several weeks without European headlines to sink our teeth into, today's overnight session b...
Mon, Aug 20 2012, 2:12 PM
Mortgage Rates managed to maintain stability seen on Friday, holding steady to very slightly lower today. It was a quiet day for rates markets duri...
Fri, Aug 17 2012, 11:53 AM
Yes, the mortgage volume pie is shrinking , but rest assured that the
pieces are growing larger for the remaining originators.
Psssst! Want a coo...
Fri, Aug 17 2012, 11:38 AM
In
a move that virtually ends any hope that Freddie Mac and Fannie Mae will return
to viability, the Department of the Treasury and the Federal ...
Fri, Aug 17 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
At the risk of jinxing today's positive momentum, we still felt compelled to let you know that MBS an...
Fri, Aug 17 2012, 10:30 AM
The number of companies and mortgage
loan originators (MLOs) licensed through the National Mortgage Licensing System
(NMLS) increased by 6 percen...
Fri, Aug 17 2012, 10:09 AM
The Financial Crimes Enforcement Network ( FinCen )
issued an advisory aimed at helping residential mortgage loan originators
(RMLO) and non-bank ...
Fri, Aug 17 2012, 7:32 AM
No bones about it, markets have been buying hype. How many times since Greece became an everyday conversation piece in US Financial markets have we s...
Fri, Aug 17 2012, 7:02 PM
New regulations were introduced today by
the Consumer Financial Protection Bureau
( CFPB ) intended to bring greater accountability to the mortgag...
Fri, Aug 17 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Today was probably the most unequivocally tame and slightly positive day for bond markets of the pas...
Fri, Aug 17 2012, 2:41 PM
Mortgage Rates finally caught a break today as rates held steady to marginally improved after rising rapidly earlier in the week. While this doesn'...
Thu, Aug 16 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Thu, Aug 16 2012, 10:55 AM
Who doesn't like to have a little exercise when they travel? But this
might make some nervous .
This morning we had the weekly Initial Jobless ...
Thu, Aug 16 2012, 10:39 AM
Overall, residential construction
continued to improve in July, although the component numbers on permits,
starts, and completions continue to more ...
Thu, Aug 16 2012, 8:00 AM
We had hoped to see 1.74% hold up as a supportive ceiling in 10yr yields during yesterday's session, but noted that the next major pivot would be arou...
Thu, Aug 16 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
To be sure, MBS made new lows today and scary ones at that. The 102-02 level for Fannie 3.0's was/is a...
Thu, Aug 16 2012, 3:06 PM
Mortgage Rates moved slightly higher again today as the secondary mortgage market experienced one of its most volatile sessions since early June. ...
Thu, Aug 16 2012, 1:20 PM
An agency set up by county officials in
San Bernardino County, California were scheduled to meet Thursday morning to
determine whether the county ...
Thu, Aug 16 2012, 1:13 PM
Permits for remodeling were down six
percent in June from one month earlier BuildFax said this morning. Remodels authorized by permit in the U.S.
...
Wed, Aug 15 2012, 12:30 PM
Fifty-eight
percent of mortgages that closed in July were loans for the purpose of
refinancing , up from 54 percent in June according to Ellie Mae'...
Wed, Aug 15 2012, 11:46 AM
MBS Live : MBS Morning Market Summary
Another day, another chance to ratchet to the next higher technical pivot point for Treasury yields a...
Wed, Aug 15 2012, 11:44 AM
Builder confidence as measured by the National
Association of Home Builders ( NAHB )/Wells Fargo Housing Market Index ( HMI )
increased for the fou...
Wed, Aug 15 2012, 10:56 AM
Yesterday afternoon, per the Census Bureau, the U.S. population reached a
milestone that is very meaningful to mathematicians: 314,159,265 residents,...
Wed, Aug 15 2012, 10:20 AM
The volume of mortgage applications for
both purchasing and refinancing fell last week according to the Mortgage
Bankers Association's (MBA) Weekl...
Wed, Aug 15 2012, 8:26 AM
Bond markets tried very hard on Tuesday to convince us that "something" is happening. We've been more defensive than usual for over a week now and no...
Wed, Aug 15 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
Another day in August and another sell-off for bond markets. This one was particularly large, high-vo...
Wed, Aug 15 2012, 3:14 PM
Mortgage Rates made an abrupt move higher today, leaving most lenders at their worst levels since early June. Recent momentum has carried rates in ...
Wed, Aug 15 2012, 2:23 PM
Six principal regulators of banks and credit unions have issued proposed rules
to establish a new appraisal requirement for "higher-risk mortgage lo...
Tue, Aug 14 2012, 12:54 PM
The Securities and Exchange Commission
(SEC) has just charged that during an eight month period in 2007 a subsidiary
of Wells Fargo and one of its...
Tue, Aug 14 2012, 12:48 PM
Housing affordability dipped slightly
during the second quarter according to the National Association of Home
Builders (NAHB)/Wells Fargo Housing O...
Tue, Aug 14 2012, 11:55 AM
HOPE NOW facilitated mortgage
modifications now total over 5.6 million since the program began in 2007
according to information released by the p...
Tue, Aug 14 2012, 11:33 AM
Ninety-five percent of homeowners who
refinanced through Freddie Mac in the second quarter of 2012 chose a fixed rate
mortgage (FRM) according t...
Tue, Aug 14 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Mondays and Fridays continued their recent tradition of appallingly low volume (8/6, 8/10, 8/13). Vo...
Tue, Aug 14 2012, 10:32 AM
Americans opened new credit card
accounts at an increased rate during the second quarter of 2012. The balances on those cards however remained near
...
Tue, Aug 14 2012, 10:27 AM
A new face-to-face counseling
requirement for seniors seeking a reverse mortgage loan is no longer operative in
Massachusetts after surviving on...
Tue, Aug 14 2012, 7:50 AM
Monday proved to be every bit as slow as expected in terms of volume but unfortunately also as volatile as such low-volume sessions can be. This isn'...
Tue, Aug 14 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Whereas yesterday was one of the lowest volume trading sessions since April, today's was closer to...
Tue, Aug 14 2012, 2:37 PM
Mortgage Rates moved higher today continuing a broader trend of weakness that began in late July. Throughout that trend, the actual interest rates ...
Mon, Aug 13 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
MBS began the day in line with Friday's closing levels, just over 103-00 in the "production coupon" F...
Mon, Aug 13 2012, 10:25 AM
I love it when regulators and politicians become upset about the
environment which they've helped create - unintended consequences. One
suggestion l...
Mon, Aug 13 2012, 8:02 AM
The week gets off to a slow start today with essentially nothing on tap for the domestic or European calendars save for a relatively inconsequential r...
