Mon, Aug 13 2012, 5:28 PM
Both Fitch Ratings and the Mortgage
Bankers Association have reacted to the Consumer Financial Protection Bureau's (CFPB)
proposed rules for mortga...
Mon, Aug 13 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
It's not so much that low volume CAUSED MBS to fall, but rather, it provided an environment in whic...
Mon, Aug 13 2012, 1:38 PM
Mortgage Rates were paradoxically higher today giving some pause to a bounce back from the month's highest rates last week. Although not altogether...
Fri, Aug 10 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Bond markets began today's rally yesterday afternoon following the 30yr Bond auction. Whether the bo...
Fri, Aug 10 2012, 10:46 AM
"Wanna tell you a story, about the house-man blues.
I come home one Friday, had to tell the landlady I'd-a lost my job.
She said that don't confro...
Fri, Aug 10 2012, 10:19 AM
The
Consumer Financial Protection Bureau (CFPB) is requesting comments on two sets
of proposed rules governing the operation of mortgage servicers ...
Fri, Aug 10 2012, 8:31 AM
Thursday began in much weaker territory for bond markets as 10yr yields edged into the 1.7's for the first time since early June. Things were at thei...
Fri, Aug 10 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Weaker Chinese Trade data overnight helped bond markets continue the bounce back that began after y...
Fri, Aug 10 2012, 2:04 PM
Mortgage Rates moved lower today extending the bounce back in rates markets that began after yesterday's 30yr Bond Auction. There were no significa...
Fri, Aug 10 2012, 1:41 PM
Peer-to-peer lending is hardly a new
concept but it went high-tech in 2005 when Prosper.com opened a market place to
link people who had money with ...
Thu, Aug 9 2012, 12:48 PM
The one-to-four family residential
delinquency rate shot up 18 basis points during the second quarter to a seasonally
adjusted rate of 7.58 percent ...
Thu, Aug 9 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
The losing streak continues for bond markets as Treasuries showed great determination to move weaker ...
Thu, Aug 9 2012, 10:45 AM
Greetings from Washington State, and...Oops! Did I have the wrong
headline in the subject line? (Those files are really thick, you know.) Incorrect...
Thu, Aug 9 2012, 9:48 AM
Foreclosure activity appears to finally
be on a downward track, although the road is still a rough one in many states. The RealtyTrac U.S. Foreclo...
Thu, Aug 9 2012, 9:32 AM
Despite what it termed "decidedly good
news over the past quarter" regarding house prices, Frank Nothaft, Chief
Economist of Freddie Mac said today ...
Thu, Aug 9 2012, 8:20 AM
Bond markets continued selling off yesterday and are continuing to sell off so far in the overnight session. We're now into the high 1.6's ahead of t...
Thu, Aug 9 2012, 4:14 PM
MBS Live : MBS Afternoon Market Summary
A relief rally followed today's 30yr Bond Auction despite the auction itself being only average. ...
Thu, Aug 9 2012, 2:50 PM
Mortgage Rates began in higher territory this morning, though some lenders released improved rate sheets in the afternoon. On average, rates are st...
Wed, Aug 8 2012, 12:23 PM
The second quarter saw the second
consecutive decline for serious (over 60 days) mortgage delinquencies which
stood at 5.49 percent at the end of ...
Wed, Aug 8 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
MBS opened up a tick or two higher than yesterday's close and proceeded very gently higher into the 1...
Wed, Aug 8 2012, 11:00 AM
Who says that privacy is alive and well? No one. Check this out .
"Rob, folks wonder about Realtors charging 5-6% commissions,
regardless of tran...
Wed, Aug 8 2012, 9:28 AM
The volume of mortgage applications both
for purchasing and refinancing declined slightly during the week ended August
3. The Mortgage Bankers ...
Wed, Aug 8 2012, 8:13 AM
Europe moved further into a "risk-on" stance yesterday where a combination of lesser events and pieces of news combined in a unified push to weaker le...
Wed, Aug 8 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Today may turn out to be one of the last few bits of weakness before bond markets finally put their fo...
Wed, Aug 8 2012, 3:28 PM
The Federal Housing Finance Agency (FHFA)
will post a notice in the Federal
Register on Thursday announcing that it was open to input from any per...
Wed, Aug 8 2012, 3:25 PM
Fannie Mae joined Freddie Mac this
morning in declaring an increased second quarter profit and announcing it would
not request a draw from the ...
Wed, Aug 8 2012, 2:59 PM
Mortgage Rates held steady to slightly improved today after a disconcerting rise to the highest levels in a month yesterday. That said, today's rat...
Tue, Aug 7 2012, 12:25 PM
MetLife, Inc. has agreed to pay $3.2
million to the Federal Reserve as a monetary sanction for failing to adequately
oversee operations of its sub...
Tue, Aug 7 2012, 12:16 PM
It is hard for the lending industry to talk about the mounting costs of
paperwork, regulation, and compliance when the public actually sees that
cl...
Tue, Aug 7 2012, 11:41 AM
CoreLogic reported this morning that
June home prices nationwide were up 2.5 percent compared to those one year
earlier. The company's Home Pric...
Tue, Aug 7 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Market participants as well as the trends in trading levels all to ok the day of yesterday, but at...
Tue, Aug 7 2012, 11:01 AM
Freddie Mac announced this morning that it will not require
any infusion of cash from the U.S. Treasury following its profitable second
quarter op...
Tue, Aug 7 2012, 6:07 AM
Monday's volume was as light as it's been since early April. Markets took a breather following the intense events on the last three days of the previ...
Tue, Aug 7 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Bond markets were increasingly punished during the late overnight session as Europe essentially sen...
Tue, Aug 7 2012, 4:18 PM
Refinancing through the revised Home Affordable Refinancing
Program (HARP 2.0) grew to a 33 percent share of all Fannie Mae and Freddie Mac
refinanc...
Tue, Aug 7 2012, 3:16 PM
Results
of the Federal Reserve's July Senior
Loan Officer Opinion Survey on Bank Lending Practices were released on
Tuesday. The survey, in whic...
Tue, Aug 7 2012, 3:15 PM
Mortgage Rates resumed last week's pattern of volatility moving to meet their highest levels in roughly a month. At this point, some lenders have e...
Mon, Aug 6 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
It's completely dead out there. Sometimes we see days/weeks like this ahead on the calendar and can ...
Mon, Aug 6 2012, 9:43 AM
Fortunately, on this 67th anniversary of the world's first atomic bomb
attack on Hiroshima, there is little going on with rates (the 10-yr is
basica...
Mon, Aug 6 2012, 8:20 AM
Compared to last week, which boasted several major central bank policy announcements and the jobs report, the week ahead is a relative ghost town in t...
Mon, Aug 6 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
"Inside Day" is a term that is occasionally used to denote market movement that is relatively more ...
Mon, Aug 6 2012, 2:31 PM
Mortgage Rates eased to slightly lower levels today after rising abruptly on Friday. The past week and a half saw some of the biggest day-over-day ...
Mon, Aug 6 2012, 1:35 PM
The number of metropolitan statistical area
(MSA) housing markets designated as 'improving" by the National Association of
Homebuilders (NAHB) decl...
Sun, Aug 5 2012, 8:54 PM
The mortgage and real estate industry doesn't always solely bear the brunt of
Congress's actions, or lack of actions. When Congress left for a five w...
Fri, Aug 3 2012, 12:17 PM
What say we end the week with something light, but near and dear to my
heart: stuff . Whether it is my grandfather's army uniform from the
Spanish ...
Fri, Aug 3 2012, 12:16 AM
Central banks have failed to incite lasting motivation for bond markets to abandon their low, sideways depression. Mario Draghi's comments about doin...
Fri, Aug 3 2012, 12:09 PM
FHA lenders in Massachusetts have a new
set of rules governing the writing of reverse mortgages. As of right now, however, there is no clear
inform...
Fri, Aug 3 2012, 11:36 AM
MBS Live : MBS Morning Market Summary
There are clearly visible players as well as 'behind the scenes' players involved in a rather brisk s...
Fri, Aug 3 2012, 11:21 AM
Prompted by what it called housing
shocks - delinquencies, foreclosures, and a precipitous decline in housing
prices - Fannie Mae recently underto...
Fri, Aug 3 2012, 9:57 AM
The Secretary of Housing and Urban
Development (HUD) and the state attorney general who handled much of the negotiation
leading to last spring's $2...
