Thu, May 17 2012, 11:37 AM
For the second time in a week a national housing trade organization has shown that purchasing a home is now within the reach of a record number of Ame...
Thu, May 17 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
The main market-mover of the morning was the release of the Philadelphia Fed Survey, the chief component of...
Thu, May 17 2012, 11:22 PM
With so many unprecedented and hefty considerations, markets might enjoy today's complete absence of scheduled economic data as some sort of chance to...
Thu, May 17 2012, 10:40 AM
Accenture Credit Services announced that, "Low
interest rates, less competition, more regulation and tighter credit standards
have pushed the time ...
Thu, May 17 2012, 8:07 AM
If the calendar of upcoming events and y'day's volume are any indication, it's possible that Wednesday was the climactic final scene before the interm...
Thu, May 17 2012, 4:45 PM
MBS Live : MBS Afternoon Market Summary
Two of our favorite made-up terms joined forces today to carry MBS to yet another all-time high and 10...
Thu, May 17 2012, 3:21 PM
Mortgage Rates hit new all-time lows today. In most cases, lenders' offerings are just slightly better across the board than they were in late J...
Wed, May 16 2012, 12:10 PM
Obama
played golf with Joe Biden last weekend. They were kicked off the course
because every time Obama yelled "Fore", Biden screamed - "More
Years...
Wed, May 16 2012, 11:30 AM
MBS Live : MBS Morning Market Summary
The main market-mover this morning was a CNBC interview with Angela Merkel . In it, the German cha...
Wed, May 16 2012, 11:01 AM
Permits for construction of multi-family housing plummeted in
April, offsetting a small increase in single family permits and
dropping the tota...
Wed, May 16 2012, 9:56 AM
Federal Reserve Governor Elizabeth A. Duke told attendees at a break-out session of the National Association of Realtors® (NAR) Midyear Legislative M...
Wed, May 16 2012, 9:51 AM
Refinancing activity spiked during the week ended May 11, rising 13.0 percent from the previous week's level according to the Weekly Mortgage Appli...
Wed, May 16 2012, 8:10 AM
Wednesday looks to be a different animal than Tuesday's rather logical and well-contained session. Yesterday boasted one of the highest concentration...
Wed, May 16 2012, 4:18 PM
There were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the perio...
Wed, May 16 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
We characterized yesterday as "logical and well contained" with the benefit of some hindsight. Whil...
Wed, May 16 2012, 3:21 PM
Mortgage Rates are steady to slightly improved today following as Europe's fiscal woes continue providing downward pressure on US interest rates. ...
Wed, May 16 2012, 2:15 PM
One of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie...
Wed, May 16 2012, 2:09 PM
Small and medium-sized lenders and community banks appear to be closing loans for refinancing faster than their "mega-lender" counterparts accord...
Tue, May 15 2012, 12:16 PM
Housing affordability may be at an all time high according to the quarterly Housing Affordability Index for the first quarter of 2012. The index, is...
Tue, May 15 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
Fewer mornings this year have been busier from an economic data standpoint, and that fact will be ap...
Tue, May 15 2012, 11:20 AM
After a bad showing in April the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) has rebounded, hitting its hi...
Tue, May 15 2012, 10:57 AM
The Federal Housing Finance Agency released a draft of its Strategic Plan : Fiscal Years 2013-2017 this morning. The document, which lays out g...
Tue, May 15 2012, 10:31 AM
Delaware Attorney General Beau Biden said recently that the states' attorneys general need to make it clear that the recent $25 billion settlement w...
Tue, May 15 2012, 7:08 AM
Today's data includes Retail Sales, The Consumer Price Index, and The Empire State Manufacturing survey... And that's just the 8:30am time slot! Tre...
Tue, May 15 2012, 4:53 PM
Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domesti...
Tue, May 15 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Today we got to see just how inconsequential our domestic data can be in the face of global financi...
Tue, May 15 2012, 2:58 PM
"Apparently,
I'm supposed to be more outraged by what Mitt Romney does with his money, than
by what Barack Obama does with mine." So wrote a witty L...
Mon, May 14 2012, 12:30 PM
What did
the Dali Lama say to the hot dog vendor? "Make me one with
everything." Some LO's out there wish the Lama could fix the pricing on
some of...
Mon, May 14 2012, 12:11 PM
Twelve groups, principally trade associations, sent a letter on Friday to the Department of Housing and Urban Development ( HUD ) commenting on a No...
Mon, May 14 2012, 11:26 AM
MBS Live : MBS Morning Market Summary
Fundamentally, little has changed over the weekend or this morning as markets continue flying holding...
Mon, May 14 2012, 8:58 AM
What had been an overwhelmingly narrow and orderly month-long rally in Treasuries got a moderate dose of volatility last week as Greece took center st...
Mon, May 14 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Put another hash mark on the wall in the "uneventful, sideways trading day at all-time highs for M...
Mon, May 14 2012, 4:20 PM
Homeowners who refinanced through Freddie Mac in the first quarter of 2012 overwhelmingly picked fixed rate loans and 31 percent chose new loans that ...
Mon, May 14 2012, 4:08 PM
Ally Financial , formerly known as GMAC , took its residential lending unit into bankruptcy this morning in federal court in Manhattan. At the same ...
Mon, May 14 2012, 2:38 PM
Mortgage Rates continued a recent trend of moderate improvement fueled indirectly by political turmoil in Europe. The gains bring rates in ...
Fri, May 11 2012, 11:26 AM
MBS Live : MBS Morning Market Summary
By now it should be reasonably understood that there is no hard and fast rule that says stock prices ...
Fri, May 11 2012, 10:36 AM
In remarks scheduled for 3 p.m. in Reno, President Obama will call on Congress to expand mortgage refinancing opportunities as a way to boost the ec...
Fri, May 11 2012, 10:29 AM
Home prices as reflected in the Lender Processing Services Home Price Index ( LPS HPI ) "increased nationally for the first time since March 2010 and ...
Fri, May 11 2012, 10:09 AM
Freddie Mac has picked a former JPMorgan Chase executive as its new chief executive officer. The corporation announced late Thursday that Donald H. ...
Fri, May 11 2012, 7:31 AM
The pace of data and events slows down appreciably today as the Treasury Auction cycle, MBS settlement, and most of the week's economic data is behind...
Fri, May 11 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual obse...
Fri, May 11 2012, 2:21 PM
Mortgage Rates improved moderately today as European turmoil continues to benefit domestic interest rates. Yesterday's late news of a $2 bln tr...
Fri, May 11 2012, 1:35 PM
Occasionally
I remind folks that rates are low . They know that, but to remind them even
further, I tell them that if Mr. & Mrs. Smith spend their ...
Fri, May 11 2012, 1:32 PM
In a press briefing held in advance of President Obama's appearance in Reno, Nevada, Housing and Urban Development (HUD) Secretary Shawn Donovan g...
Thu, May 10 2012, 11:47 AM
MBS Live : MBS Morning Market Summary
We don't say the following in an attempt to be funny, but markets are flat again. It feels like we continu...
Thu, May 10 2012, 10:42 AM
This is the second of two parts ( Part 1: Prelude to HARP 3.0 as Donovan Testifies at Senate Hearing ) of a summary of a hearing of the Senate Bank...
Thu, May 10 2012, 7:53 AM
History was made on Wednesday as the US Treasury assigned it's first ever 1.75% coupon to a 10yr Treasury auction. That's more of a piece of water-co...
Thu, May 10 2012, 4:55 PM
You may
not have known that May is Asian/Pacific
American Heritage Month, which started as a Heritage Week in 1978, but got
promoted to a month in ...
Thu, May 10 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
After days and days watching MBS get ground into the ceiling at all-time highs despite falling Trea...
Thu, May 10 2012, 2:24 PM
Mortgage Rates were generally unchanged today , keeping them near their recent and all-time lows . Lately, mortgage rates have been holding increa...
