Thu, Oct 11 2012, 2:56 PM
Mortgage rates finally improved on Thursday after moving sideways or higher since last Thursday. Bond markets and mortgage-backed-securities began th...
Wed, Oct 10 2012, 12:48 PM
A "sizable share of
real estate appraisals are holding back home sales" the National Association of
Realtors® (NAR) said Wednesday as it released re...
Wed, Oct 10 2012, 11:29 AM
The day has thus far shaped up as a standard-issue " Narrow Day ,"
characterized by mostly sideways price/yield movements in MBS and
Treasuries, a...
Wed, Oct 10 2012, 10:36 AM
The Department of Justice (DOJ) brought two
separate groups of actions on Tuesday charging criminal and civil mortgage
fraud. In the first , 28...
Wed, Oct 10 2012, 10:29 AM
Here is one growth industry - lobbying on behalf of Wells Fargo.
But lobbyists probably won't be able to help Wells, which prides itself on,
among...
Wed, Oct 10 2012, 9:20 AM
Mortgage application activity eased slightly
last week after reaching recent record high levels during the week ended
September 29. The Mortgage B...
Wed, Oct 10 2012, 6:02 AM
Tuesday was a challenging for MBS on several fronts. In
addition to being a relatively light volume "first day back after a
3-day weekend," MBS...
Wed, Oct 10 2012, 5:00 PM
The Summary of Commentary on Current Economic Conditions by Federal Reserve District or the so-called Beige Book was released on Wednesday. The doc...
Wed, Oct 10 2012, 4:28 PM
Bond markets began the day in the red after an overnight session
that was less than exciting or even interesting. Treasuries simply
drifted hig...
Wed, Oct 10 2012, 3:57 PM
The
Mortgage Bankers Association ( MBA ) has submitted comments to the Consumer
Financial Protection Bureau ( CFPB ) regarding the CFPBs August 10...
Wed, Oct 10 2012, 2:12 PM
Mortgage rates were broadly unchanged on
Wednesday, but offerings vary depending on the lender. While most
lenders' rate sheets are in similar...
Tue, Oct 9 2012, 11:36 AM
Americans responding to the Fannie Mae's
September edition of its National Housing Survey displayed greater optimism
about the housing market , h...
Tue, Oct 9 2012, 11:24 AM
Bond markets were somewhat choppy earlier this morning as volume
ramped back up to less-than-inconsequential levels following the
Columbus Day h...
Tue, Oct 9 2012, 10:36 AM
The nation's
shadow inventory dropped to 2.3 million housing units in July, down 10.2
percent from where it stood one year earlier. According to...
Tue, Oct 9 2012, 6:35 AM
Bond markets were closed for Columbus day yesterday although stock markets remained open. That provided a brief, low-volume glimpse
into tradin...
Tue, Oct 9 2012, 5:09 PM
"We must, indeed, all hang together or, most assuredly, we shall all
hang separately." No, the CEO's of Freddie and Fannie did not say
that, it wa...
Tue, Oct 9 2012, 4:42 PM
The Federal
Housing Finance Agency ( FHFA ) has released its Strategic Plan for the years
2013-2017 . The Plan builds on the one
presented by FHF...
Tue, Oct 9 2012, 4:36 PM
Monthly settlement for Class A MBS (Fannie/Freddie 30yr Fixed
coupons) and nothing major on the calendar to coax participants back
into the fray...
Tue, Oct 9 2012, 1:50 PM
We'd discussed the risks of rising rates at the end of last
week and left the door open for the current month to take the shape of
previous Octo...
Mon, Oct 8 2012, 11:47 AM
According to the 2010 US Census data and the Survey of Income and
Participation Program, working from home is on the rise : back in 1999,
9.5 milli...
Fri, Oct 5 2012, 12:02 PM
This morning's stronger than expected jobs report caused an instant sell-off for bond markets. The report was positive not because it hit expectati...
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...
