Mon, Sep 24 2012, 2:05 PM
Mortgage rates begin the week at new all-time lows yet again after falling significantly from last week's series of previous all-time lows. Mark...
Mon, Sep 24 2012, 1:26 PM
The level of commercial and
multifamily mortgage debt decreased by 0.4 percent from the first to the second
quarter of 2012 according to the Mortg...
Fri, Sep 21 2012, 12:13 PM
The Government Accountability Office
(GAO) has completed a study with results that most of us could have
anticipated. After a review of a number
...
Fri, Sep 21 2012, 12:01 PM
MBS Live : MBS Morning Market Summary
When Fannie 3.0s first started trading just under a year ago, they did so within a 1 point range of...
Fri, Sep 21 2012, 11:00 AM
"Rob, I'm a new LO in Connecticut. What's the scoop on this news
about loans in my state being more expensive than others for home loans?"
Under the...
Fri, Sep 21 2012, 8:22 AM
In yesterday's MBS Recap , we noted a general repetition of the previous sessions trading patterns, volume, and volatility. In fact, each day this w...
Fri, Sep 21 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Production MBS--Fannie 3.0's in this case--hit all time highs for a 2nd Friday in a row, still ba...
Fri, Sep 21 2012, 2:17 PM
Mortgage rates began moving lower last Thursday and since then have fallen every single day, crossing into new all-time lows in the process. Toda...
Thu, Sep 20 2012, 11:53 AM
MBS Live : MBS Morning Market Summary
Even if we can't be sure that today's trading will end up the same as yesterday's, it has at least b...
Thu, Sep 20 2012, 10:33 AM
A federal regulator is proposing that five states with higher
than average foreclosure costs pick up part of the tab for those foreclosures
throug...
Thu, Sep 20 2012, 10:22 AM
Don't do the crime if you can't do the time. Here's a loan officer in
Washington facing 10-14 years for falsifying documents .
Will those in the ...
Thu, Sep 20 2012, 7:17 AM
Wednesday's data proved to be largely inconsequential, either because it wasn't what bond markets were interested in or simply because they were more...
Thu, Sep 20 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
With the arrival of slightly more important pieces of data and events, volume picked up slightly ...
Thu, Sep 20 2012, 2:45 PM
Mortgage rates have moved lower every day this week. Today's move was even more pronounced than yesterday's, carrying rates decisively into NEW al...
Thu, Sep 20 2012, 1:19 PM
Misuse of the FHA Preforeclosure Sale
Program may have cost the Department of Housing and Urban Development (HUD)
over a billion dollars for ...
Wed, Sep 19 2012, 12:05 PM
Existing home sales and home prices both
improved in August, with sales rising 7.8 percent on a seasonally adjusted
annual basis. According to in...
Wed, Sep 19 2012, 11:46 AM
MBS Live : MBS Morning Market Summary
Volumes are finall y creepi ng higher than the eerily slow first two days of the week and things have...
Wed, Sep 19 2012, 11:29 AM
The time
needed to close a mortgage loan has increased by almost 25 percent over the
last year, from an average of 40 days to 49 and it was refi...
Wed, Sep 19 2012, 11:27 AM
"Rob , how the heck are we supposed to know what any financial asset is
worth? For many years the government has given farm subsidies, sugar cane
s...
Wed, Sep 19 2012, 10:09 AM
Permits for construction of privately-owned
housing dipped slightly in August, down 1.0 percent to a seasonally adjusted
annual rate of 803,000 unit...
Wed, Sep 19 2012, 9:17 AM
Applications for mortgages during the
week ended September 14 were virtually unchanged from the previous week
according to the Mortgage Bankers As...
Wed, Sep 19 2012, 7:27 AM
To hear the story told by NAHB's index yesterday, the housing market is in the best shape since June 2006 --the major caveat being that sales EXPE...
Wed, Sep 19 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
If we must be " drifting " at the moment, there are certainly worse ways to go about it. The curre...
Wed, Sep 19 2012, 4:10 PM
Building permits for residential
remodeling were issued at a seasonally adjusted annual rate of 3.14 million in
July, an increase of 6 percent fro...
Wed, Sep 19 2012, 2:54 PM
Mortgage rates moved lower yet again on Wednesday. Given that yesterday's average rates were already inching into ALL-TIME low territory, today'...
Tue, Sep 18 2012, 12:07 PM
The National Association of Home
Builders (NAHB)/Wells Fargo Housing Market Index (HMI) which measures builder
confidence hit a six year high in Se...
Tue, Sep 18 2012, 11:51 AM
After increasing for two quarters
TransUnion's Credit Risk Index (CRI) ratcheted back down in the second quarter
of 2012 to about the same place i...
Tue, Sep 18 2012, 11:50 AM
MBS Live : MBS Morning Market Summary
While the overnight session saw increased volume and movement, the domestic session has been broadly ...
Tue, Sep 18 2012, 11:22 AM
And now for something completely non-mortgage related...For you astronomy
& space explorations fans out there in Northern California, if you're
arou...
Tue, Sep 18 2012, 10:57 AM
The Federal Housing Finance Agency's Office
of Inspector General (FHFA-OIG) has completed two evaluations related to
servicing of Fannie Mae and...
Tue, Sep 18 2012, 7:57 AM
It's an admittedly light week in terms of domestic economic data. Not only are the reports few, but those we do get aren't the most urgent market m...
Tue, Sep 18 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
It's still possible to count the number of days where Fannie 3.0s have closed over 104-00 without using t...
Tue, Sep 18 2012, 3:25 PM
Fannie Mae's economists are
predicting continued slow growth in the second half of the year. The first half was marked by improvements in
some eco...
Tue, Sep 18 2012, 1:58 PM
Data on lending activity during 2011
at 7,632 financial institutions that are covered by the Home Mortgage
Disclosure Act ( HDMA ) was released to...
Tue, Sep 18 2012, 1:25 PM
Mortgage rates moved slightly lower again today. Much like yesterday, not all lenders' rates were better and a few were priced marginally worse. I...
Mon, Sep 17 2012, 11:57 AM
We, including my old college roommate "Slugbreath," find
ourselves in "Unmarried and Single
Americans Week." The Buckeye Singles Council "National...
Mon, Sep 17 2012, 11:39 AM
Lawrence
Yun, Chief Economist for the National Association of Realtors® (NAR) said Monday
that there would be enormous benefits to the nation's econ...
Mon, Sep 17 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
Even with Japan out for the day and the Rosh Hashanah holiday, today still manages to feel slo...
Mon, Sep 17 2012, 7:45 AM
Markets only had one day to digest the landmark QE3 announcement last week which saw the Fed roll out open-ended large scale purchases of newly or...
Mon, Sep 17 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
Looking over the calendar of events (and holidays) at home and abroad today, we were expecting things to ...
Mon, Sep 17 2012, 2:45 PM
Mortgage rates moved slightly lower today in most cases, though some lenders rates were marginally higher today. On average, rates are once again i...
Fri, Sep 14 2012, 12:10 PM
Edward J. DeMarco, Acting Director of
the Federal Housing Finance Agency (FHFA) sketched in a broad outline of the
agency's vision for the future...
Fri, Sep 14 2012, 11:47 AM
MBS Live : MBS Morning Market Summary
MBS briefly made new all time highs earlier this morning but rapidly backed off as bond markets sol...
Fri, Sep 14 2012, 7:03 AM
After yesterday's massive QE3-inspired rally took production MBS to NEW ALL TIME HIGHS , it might seem a bit anticlimactic to wade through a relative...
Fri, Sep 14 2012, 6:29 PM
Late Friday Fannie Mae gave borrowers
and lenders an alternative to documenting income for Refi Plus loans where
payment increases will be under 20 ...
Fri, Sep 14 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
It was a heavy day of selling for Treasuries and only a slightly less heavy day of selling for MB...
Fri, Sep 14 2012, 2:57 PM
Mortgage rates moved slightly lower today after falling significantly on the Fed's policy announcement yesterday. The drop in rates today is somewh...
Thu, Sep 13 2012, 12:46 PM
Release Date: August 1, September 13, 2012
For immediate release
Information received since the Federal Open Market Committee met in June ...
Thu, Sep 13 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
The crowd has fallen silent well in advance of today's highly anticipated FOMC Announcement. Volum...
Thu, Sep 13 2012, 9:58 AM
The Federal Housing Finance Agency's
(FHFA) Office of Inspector General (OIG) has issued a report on the progress
FHFA has made in correcting subs...
