Tue, Jul 17 2012, 6:58 AM
10yr yields hit all time lows yesterday and production MBS hit all time highs. But rather than forging ahead into new all time lows, 10yr yields (we'...
Tue, Jul 17 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Although MBS and Treasuries began the day in slightly weaker territory, they both rallied during th...
Tue, Jul 17 2012, 2:45 PM
Mortgage Rates held steady today, keeping them in line with all-time lows . There was plenty going on in markets today, but not much of it had an...
Mon, Jul 16 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
This morning's Retail Sales report clearly set the tone early for bond markets. MBS and Treasuries both p...
Mon, Jul 16 2012, 11:23 AM
I was very excited when my son came home the other day and said,
"I've decided what I want to do when I get out of school - I am going to be
a buil...
Mon, Jul 16 2012, 11:17 AM
em·i·nent
do·main : Noun - "The right of a government or its agent to expropriate private
property for public use, with payment of compensation."
...
Mon, Jul 16 2012, 8:24 AM
After last week offered up few reasons to stray from the recent course for bond markets, the outlook of data and events in the week ahead is only marg...
Mon, Jul 16 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
The lion's share of today's volume and movement in bond markets was seen in the first few hours of ...
Mon, Jul 16 2012, 3:05 PM
As was the case at the beginning of last week, Mortgage Rates moved slightly lower today, once again hitting new all-time lows . In a bit of a d...
Mon, Jul 16 2012, 2:00 PM
The changes to the HARP program that
were put in place last fall seem to be having an affect according to data
released this morning by the Federa...
Fri, Jul 13 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
Make no mistake that this morning's economic data has been of little to no concern to bond markets wh...
Fri, Jul 13 2012, 9:32 AM
I was going to start today's commentary (from San Diego) with a reminder
to, "Be careful what you wish for," or a reminder that no one, at the
start...
Fri, Jul 13 2012, 8:28 AM
Fannie 3.0s saw what was probably their single biggest day of new TBA originations yesterday. In the opening alert on MBS Live, we said: "For MBS, to...
Fri, Jul 13 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Friday turned out to be the choppiest day of the week for production MBS, but like all the others, ...
Fri, Jul 13 2012, 1:34 PM
Mortgage Rates moved slightly higher today, breaking a streak that saw all-time low rates every day beginning last Friday. The termination of this...
Thu, Jul 12 2012, 12:27 PM
PRESS RELEASE:
Wells Fargo & Company (NYSE:WFC) announced today a definitive settlement agreement between Wells Fargo Bank, N.A. and the U.S. Depa...
Thu, Jul 12 2012, 11:30 AM
There was
heartening news this morning from CoreLogic which reports that nearly
three-quarters of a million homes emerged from negative equity bet...
Thu, Jul 12 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
After an early concentration of new MBS Origination Supply, things have leveled off a bit a nd MBS ...
Thu, Jul 12 2012, 9:59 AM
Here at the Western Secondary conference in San Francisco, talk is
focused on investors pushing purchase clearing numbers down and speeding up
purch...
Thu, Jul 12 2012, 8:34 AM
RealtyTrac
said today that 1,045,801 default notices, auction sale notices and bank
repossessions (REO) were filed during the first two quarters o...
Thu, Jul 12 2012, 8:03 AM
Thursday continues the theme of increased activity that arrived yesterday. In the overnight session, there's a decent offering of European data and ...
Thu, Jul 12 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Money flowed into both sides of the market today wi th Equities set to go
out higher and bond ...
Thu, Jul 12 2012, 3:11 PM
Mortgage Rates continued lower today, marking the FOURTH consecutive day at new all-time lows. Once again, rates markets continued to benefit from...
Thu, Jul 12 2012, 1:15 PM
A Georgetown law professor is proposing
that a Resolution Trust Corporation (RTC) like entity might be the key to
getting the housing market back...
Wed, Jul 11 2012, 12:04 PM
I remember in the 1980's there were charity events to help farmers. (Farmers
care about the weather - be sure to check out the weather report at the ...
Wed, Jul 11 2012, 11:34 AM
MBS Live : MBS Morning Market Summary
The European session proved to be of little concern to domestic bond markets that seem largely content to h...
Wed, Jul 11 2012, 10:04 AM
This morning the Mortgage Bankers
Association (MBA) released its Market Composite Index for the holiday shortened
week ended July 6 and reported tha...
Wed, Jul 11 2012, 7:02 AM
Tuesday saw yet another uneventful day for bond markets, though a positive one. MBS were a hot commodity and benefited greatly from light supply and ...
Wed, Jul 11 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
It's interesting and perhaps a bit frustrating that a day with so
much potential to motivate markets...
Wed, Jul 11 2012, 3:31 PM
Mortgage Rates continued lower today, marking the FOURTH consecutive day at new all-time lows. Once again, rates markets continued to benefit from...
Wed, Jul 11 2012, 3:13 PM
The House Financial Services
subcommittee on Financial Institutions and Consumer Credit held a hearing on
Wednesday entitled " The Impact of Dodd-Fr...
Tue, Jul 10 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
It's a bit counterintuitive to think that MBS hitting all-time highs can occur in an "uneventful" ...
Tue, Jul 10 2012, 8:27 AM
An argument could have easily been made yesterday morning that bond markets should have weakened a bit ahead of the upcoming auction cycle and in the ...
Tue, Jul 10 2012, 5:49 PM
I received a note yesterday from the CEO of a mid-sized lender.
"Rob, I have begun thinking that the
CFPB is the best thing that ever happened to m...
Tue, Jul 10 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
In more ways than one, Tuesday has turned out to be a carbon copy of Monday. Once again we have MB...
Tue, Jul 10 2012, 2:51 PM
Mortgage Rates continued lower today, marking the third consecutive day at new all-time lows. Broader Bond Markets continued to benefit from a gen...
Tue, Jul 10 2012, 2:23 PM
The Mortgage Bankers Association ( MBA ) joined by 15 other trade
associations has sent a letter to the Consumer Financial Protection Bureau suppor...
Mon, Jul 9 2012, 12:55 PM
On Friday the Home Affordable
Modification Program (HAMP) reported that 17,590 loans were converted to
permanent modifications during May. Today
t...
Mon, Jul 9 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
With essentially nothing on tap for the first two days of the week with the exception of more of the ...
Mon, Jul 9 2012, 11:06 AM
The National Association of Realtors® ( NAR ) Strategic Issues Workgroup
held a series of structured discussions last February with brokers, sales
...
Mon, Jul 9 2012, 10:50 AM
Welcome back to work! I'll skip the story that the press seems excited
about (a Massachusetts man paying his mortgage off in pennies), and the news
...
Mon, Jul 9 2012, 8:16 AM
The week begins with Europe in focus as ECB President Mario Draghi testifies before the European Parliament to explain current policy in the wake of l...
Mon, Jul 9 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
One day before July Fannie/Freddie 30yr Fixed MBS are retired, production coupons hit new all time...
Mon, Jul 9 2012, 3:30 PM
The Consumer Financial Protection Bureau
( CFPB ) is rolling out two new mortgage disclosure forms for review and comment. The forms, one a loan e...
Mon, Jul 9 2012, 2:18 PM
Mortgage Rates continued lower today after hitting new all-time lows on Friday's weaker-than-expected Jobs report. Apart from simply being an exte...
Mon, Jul 9 2012, 1:06 PM
Americans currently appear to be
more optimistic about the housing market than they are about the economy in
general. Fannie Mae's June 2012 Natio...
Fri, Jul 6 2012, 11:19 AM
MBS L ive : MBS Morning Market Summary
Naturally, bond markets popped quickly into stronger territory following the worse-than-expected ...
Fri, Jul 6 2012, 9:26 AM
A senior citizen goes to the doctor. After running some tests, the doctor
says, "I have bad and even worse news, you have cancer and
Alzheimer's." T...
Fri, Jul 6 2012, 8:10 AM
There were some decent clues in yesterday's session as to how various outcomes of today's Employment Situation Report will motivate trade. The bigges...
Fri, Jul 6 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Apart from the NFP miss in the morning, little else transpired today. There was a good bounce high...
