Tue, Oct 2 2012, 5:23 AM
Monday marked a solid start to October for MBS as prices held true to the " leveling off " theme rather than the " reversal ." This keeps Fannie 3....
Tue, Oct 2 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Fannie 3.0s ALMOST hit all-time highs today, briefly touching 106-01 in what was mostly a sideway...
Tue, Oct 2 2012, 3:32 PM
Mortgage rates moved gently lower on Tuesday amid relatively calm market conditions. There was little if anything for markets to digest in the fir...
Tue, Oct 2 2012, 1:25 PM
The monitor in charge of the $25 billion
National Mortgage Settlement reminded the five participating servicers as well as the
public that today mar...
Mon, Oct 1 2012, 12:40 PM
The National Mortgage Licensing System
(NMLS) is upgrading its reporting system with a number of enhancements, many of
which seem aimed at keeping...
Mon, Oct 1 2012, 12:31 PM
While overall construction spending fell
in August, both public and private spending on residential construction increased
during the month. The Ce...
Mon, Oct 1 2012, 11:43 AM
MBS Live : MBS Morning Market Summary
October is a historically ominous month for bond markets, and while the last three years of negativ...
Mon, Oct 1 2012, 9:43 AM
This one from an AE in a "red state": Q: Do you know what the
difference is between conservatives and progressives? A: About $16
trillion! Trillion...
Mon, Oct 1 2012, 8:12 AM
While MBS have essentially maintained their QE3 sugar rush , Treasuries have taken the past two weeks to make an orderly move back to the same " safe...
Mon, Oct 1 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
While Treasuries faced a major (relative) set-back with the stronger-than-expected ISM data on Mo...
Mon, Oct 1 2012, 2:19 PM
Mortgage rates moved gently lower to begin the week (and month), ending a two day run toward higher rates on Thursday and Friday. Trading levels i...
Fri, Sep 28 2012, 12:43 AM
After stringing together 8 sessions closing unchanged or improved vs the previous close, Treasuries and MBS both gave up some ground on Thursday. W...
Fri, Sep 28 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
Bond markets improved overnight but began giving up ground shortly after 9am. The weakness wasn't...
Fri, Sep 28 2012, 10:23 AM
Economists have been debating the
value versus risk of expanded refinancing opportunities since the early days of
the housing crisis. Proponents a...
Fri, Sep 28 2012, 10:17 AM
It is good having a roof over your head. But sometimes even well-known TV
actresses find themselves without one. What would The Fonz do ?
Maybe...
Fri, Sep 28 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
After opening in stronger territory and continuing some of that strength through the first round ...
Fri, Sep 28 2012, 3:34 PM
After breaking an impressive streak of improvement yesterday, Mortgage rates are higher again on Friday , but at a slower pace. Additionally, ther...
Thu, Sep 27 2012, 11:57 AM
MBS Live : MBS Morning Market Summary
Depending on how long you've been watching market movements and keeping track of changes in mortgage rat...
Thu, Sep 27 2012, 11:34 AM
The report this morning from the
National Association of Realtors® ( NAR ) on pending home sales shows continued
volatility in the housing marke...
Thu, Sep 27 2012, 10:23 AM
The performance of mortgages
serviced by banks regulated by the Office of Comptroller of the Currency (OCC)
declined in the second quarter but was i...
Thu, Sep 27 2012, 9:51 AM
Even though last Saturday was the equinox, here's the weird thing: five
days after the equinox today is the "longest" day of the year! If
you're thi...
Thu, Sep 27 2012, 9:25 AM
The most recent evaluation of the FHFA by it's Office of Inspector General (OIG), released on Thursday,
found that FHFA had perhaps delegated to...
Thu, Sep 27 2012, 6:56 AM
Wednesday saw more all-time highs for MBS, but in this version, the winning streak gave a more convincing impression that the booster rockets provid...
Thu, Sep 27 2012, 4:34 PM
MBS Live : MBS Afternoon Market Summary
Production MBS have closed flat or higher for 8 straight sessions until finally pulling back toda...
Thu, Sep 27 2012, 3:10 PM
Mortgage rates finally broke their unprecedented winning streak on Thursday as rates moved higher for the first time since the Fed announced it...
Wed, Sep 26 2012, 11:58 AM
Here in Denver the city is preparing for next Wednesday's presidential
debate. And what would an election be without a Chia Pet in the shape of
yo...
Wed, Sep 26 2012, 11:46 AM
MBS Live : MBS Morning Market Summary
Bond markets rolled into the morning already in slightly better territory after an overnight session ...
Wed, Sep 26 2012, 11:08 AM
A number of state attorneys general (AG)
sent out nearly identical notices this week regarding the April $25 billion, 49
state settlement with mort...
Wed, Sep 26 2012, 11:01 AM
New home sales were down slightly in
August compared to July, slipping 0.3 percent to a seasonally adjusted annual
rate of 373,000 units and were 2...
Wed, Sep 26 2012, 10:29 AM
Behind the public face of their business models Freddie Mac
Fannie Mae produce, use, and invest in a variety of products to increase their
profitabi...
Wed, Sep 26 2012, 8:41 AM
Refinancing activity increased as
interest rates fell to new lows according to the Weekly Mortgage Applications
Survey released this morning. The...
Wed, Sep 26 2012, 7:44 AM
Qualitative assessments of probable future behavior have been risky propositions when it comes to markets, but today's session looks like it will be...
Wed, Sep 26 2012, 6:01 PM
The Mortgage Bankers Association (MBA)
announced Wednesday it has revitalized its MISMO Government Forum. The group met last Friday as part of MIS...
Wed, Sep 26 2012, 5:49 PM
Fannie Mae and Freddie Mac (the GSEs)
completed approximately 129,000 foreclosure prevention actions during the
second quarter of 2012, bringing ...
Wed, Sep 26 2012, 4:35 PM
MBS Live : MBS Afternoon Market Summary
Since yesterday afternoon, Treasuries have rallied more effectively than MBS. It's been a good,...
Wed, Sep 26 2012, 2:50 PM
The extent to which Mortgage rates have fallen since the Fed's QE3 announcement is nothing short of astonishing . Beginning on the day of the QE3 ...
Tue, Sep 25 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
MBS are at their weakest levels of the morning. Taken out of context, that could come across as di...
Tue, Sep 25 2012, 11:16 AM
The July House Price Index (HPI)
released by the Federal Housing Finance Agency (FHFA) this morning follows the
S&P/Case-Shiller report issued ear...
Tue, Sep 25 2012, 11:07 AM
Home prices as measured by the S&P/Case-Shiller
Home Price Indices rose across the board in July with both the 10- and 20-City
Composites and all...
Tue, Sep 25 2012, 9:50 AM
Here is a story that attracts some notice: "Toys R Us said it will hire
45,000 seasonal employees across the United States to cope with the upcoming
...
Tue, Sep 25 2012, 7:36 AM
Monday's session was odd, but enjoyable for MBS devotees. We'd be hard pressed to cite one significant driver of trade other than the simple fact t...
Tue, Sep 25 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Bond markets walked in the door in stronger territory and promptly began a mild, yet determined ...
Tue, Sep 25 2012, 2:47 PM
Mortgage rates surged lower again today , continuing an ongoing push into lower all-time lows . Although bond markets in general moved lower in ra...
Tue, Sep 25 2012, 2:47 PM
Even while housing is repeatedly cited as a leading cause of the Great
Recession and as a significant key to a full recovery the candidates for
Pres...
Mon, Sep 24 2012, 11:31 AM
Welcome to the first business day since the autumn equinox. This is the
day when the tilt of the earth's rotational axis is perfectly perpendicular t...
Mon, Sep 24 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
It's been an exceptionally slow morning for US trading with the more meaningful movement seen over...
Mon, Sep 24 2012, 11:02 AM
Lender Processing Services (LPS) previewed its October Mortgage Monitor Report today and it
shows a continued decline in both mortgage delinquen...
Mon, Sep 24 2012, 7:33 AM
You name it and this week has more of it. Compared to last week, which had very little by way of economic data, no Treasury auctions, and no major ...
Mon, Sep 24 2012, 4:43 PM
MBS Live : MBS Afternoon Market Summary
Yet again, MBS traded in a remarkably narrow trading range given the all-time high price levels. Tre...
Mon, Sep 24 2012, 2:16 PM
The Federal Housing Finance Agency's
Office of Inspector General ( FHFA OIG ) has recommended that FHFA issue
standards for the two government spons...
