Fri, Aug 24 2012, 4:50 PM
Bank of America has committed to provide
1,000 homes over a three year period to local agencies and non-profit
organizations working with injured...
Fri, Aug 24 2012, 4:37 PM
MBS Live : MBS Afternoon Market Summary
While the namesake and the focus of our analysis is indeed MBS, we've often noted that 10yr Treasur...
Fri, Aug 24 2012, 3:58 PM
Mortgage Rates rose marginally today after two days of significant improvement. Wednesday and Thursday's strong gains followed the release of the l...
Thu, Aug 23 2012, 11:57 AM
New home sales rose in July to a
seasonally adjusted annual rate of 372,000 units. According to a joint release from the U.S.
Census Bureau and th...
Thu, Aug 23 2012, 11:34 AM
I was in Kansas yesterday, and saw a sign, "Ladies, if a man says he is going to fix something, he will.
There is no need to remind him every six mo...
Thu, Aug 23 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
Essentially, the overnight session and morning trading have validated yesterday's post-FOMC Minutes...
Thu, Aug 23 2012, 7:10 AM
Wednesday's session gave us real reason to hope that the scariest endgame scenarios of the recent sell-off were just the boogie men we hoped they wo...
Thu, Aug 23 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Long time readers of the commentary will know that we're not big fans of long term moving averages ...
Thu, Aug 23 2012, 3:34 PM
Mortgage Rates proceeded lower again today, adding on to the already substantial improvements from yesterday. Some of the gains reflect additional ...
Thu, Aug 23 2012, 3:08 PM
House prices increased 1.8 percent from
the first quarter of 2012 to the second the Federal Housing Finance Agency
( FHFA ) said today. The Agen...
Thu, Aug 23 2012, 2:53 PM
The Federal Reserve Bank of New York
today marked the end of its financial involvement with American International Group
( AIG ) which began in 20...
Thu, Aug 23 2012, 2:51 PM
Fannie Mae announced on Thursday that 22
of its servicers had produced results in its Servicer Total Achievement and
Rewards TM (STAR) Program for ...
Wed, Aug 22 2012, 12:09 PM
Sales
of existing homes increased nationally in July to a seasonally adjusted annual
rate of 4.47 million units . This is an
increase of 2.3 per...
Wed, Aug 22 2012, 11:53 AM
MBS Live : MBS Morning Market Summary
So bond markets are actually rallying... Yes, this seems like a long-forgotten concept, but a happy ...
Wed, Aug 22 2012, 10:44 AM
Toll Brothers, a home building company
active in 20 states, buoyed Wall Street on Wednesday with a quarterly report
that also gave the housing indus...
Wed, Aug 22 2012, 8:44 AM
Rising interest rates dragged
refinancing applications down 9 percent during the week ended August 17
according to the Mortgage Bankers Associat...
Wed, Aug 22 2012, 8:07 AM
In yesterday morning's article, we discussed the recent consolidation of 10yr Treasury yields in the context of "Flag/Pennant" formations ( Read It ...
Wed, Aug 22 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Today was the day . It was the day when significant data returned to markets, when the technica...
Wed, Aug 22 2012, 3:58 PM
Mortgage Rates fell sharply today after the Minutes from the latest Fed meeting revealed a strong level of commitment toward additional monetary acc...
Wed, Aug 22 2012, 2:24 PM
This is a frightening statistic, probably one of the most worrisome in
recent years: 25% of mortgage bankers and Realtors in the country are on
medi...
Tue, Aug 21 2012, 12:01 PM
Default rates for most types of consumer
loans continued to ease during July according to the S&P/Experian Consumer
Credit Default Indices released...
Tue, Aug 21 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Somewhat disconcerting movement in bond markets this morning... The fact that we opened in weaker te...
Tue, Aug 21 2012, 11:01 AM
Per the Mayans, we have four more months to live. But just in case the
sun comes up on December 22nd, it's good to have some retirement money stashed...
Tue, Aug 21 2012, 8:00 AM
The week began with another sideways session for bond markets. Although MBS have outperformed somewhat in the last two session, 10yr yields have gone...
Tue, Aug 21 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
Things were much weaker and perhaps even a little scarier this morning as bond markets failed to br...
Tue, Aug 21 2012, 3:48 PM
The Federal Housing Finance Agency
( FHFA ) announced today that Freddie Mac and Fannie Mae (the GSEs) are revising
their short sale guidelines...
Tue, Aug 21 2012, 3:35 PM
Mortgage Rates moved higher today, falling back in line with Friday's levels, continuing a recent trend of smaller sideways movements around the n...
Mon, Aug 20 2012, 11:25 AM
If you have some spare change sitting around, a $1.7 billion portfolio of
non-performing, federally insured home loans will be offered for sale at
a...
Mon, Aug 20 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
After Starting in weaker territory vs Friday's levels, MBS and Treasuries rallied back into positive ...
Mon, Aug 20 2012, 7:53 AM
If markets weren't so busy trying to convince us that interest rates hit their final iteration of all-time lows in late July, the week ahead would be ...
Mon, Aug 20 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
After several weeks without European headlines to sink our teeth into, today's overnight session b...
Mon, Aug 20 2012, 2:12 PM
Mortgage Rates managed to maintain stability seen on Friday, holding steady to very slightly lower today. It was a quiet day for rates markets duri...
Fri, Aug 17 2012, 11:53 AM
Yes, the mortgage volume pie is shrinking , but rest assured that the
pieces are growing larger for the remaining originators.
Psssst! Want a coo...
Fri, Aug 17 2012, 11:38 AM
In
a move that virtually ends any hope that Freddie Mac and Fannie Mae will return
to viability, the Department of the Treasury and the Federal ...
Fri, Aug 17 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
At the risk of jinxing today's positive momentum, we still felt compelled to let you know that MBS an...
Fri, Aug 17 2012, 10:30 AM
The number of companies and mortgage
loan originators (MLOs) licensed through the National Mortgage Licensing System
(NMLS) increased by 6 percen...
Fri, Aug 17 2012, 10:09 AM
The Financial Crimes Enforcement Network ( FinCen )
issued an advisory aimed at helping residential mortgage loan originators
(RMLO) and non-bank ...
Fri, Aug 17 2012, 7:32 AM
No bones about it, markets have been buying hype. How many times since Greece became an everyday conversation piece in US Financial markets have we s...
Fri, Aug 17 2012, 7:02 PM
New regulations were introduced today by
the Consumer Financial Protection Bureau
( CFPB ) intended to bring greater accountability to the mortgag...
Fri, Aug 17 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Today was probably the most unequivocally tame and slightly positive day for bond markets of the pas...
Fri, Aug 17 2012, 2:41 PM
Mortgage Rates finally caught a break today as rates held steady to marginally improved after rising rapidly earlier in the week. While this doesn'...
Thu, Aug 16 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Thu, Aug 16 2012, 10:55 AM
Who doesn't like to have a little exercise when they travel? But this
might make some nervous .
This morning we had the weekly Initial Jobless ...
Thu, Aug 16 2012, 10:39 AM
Overall, residential construction
continued to improve in July, although the component numbers on permits,
starts, and completions continue to more ...
Thu, Aug 16 2012, 8:00 AM
We had hoped to see 1.74% hold up as a supportive ceiling in 10yr yields during yesterday's session, but noted that the next major pivot would be arou...
Thu, Aug 16 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
To be sure, MBS made new lows today and scary ones at that. The 102-02 level for Fannie 3.0's was/is a...
Thu, Aug 16 2012, 3:06 PM
Mortgage Rates moved slightly higher again today as the secondary mortgage market experienced one of its most volatile sessions since early June. ...
Thu, Aug 16 2012, 1:20 PM
An agency set up by county officials in
San Bernardino County, California were scheduled to meet Thursday morning to
determine whether the county ...
Thu, Aug 16 2012, 1:13 PM
Permits for remodeling were down six
percent in June from one month earlier BuildFax said this morning. Remodels authorized by permit in the U.S.
...
Wed, Aug 15 2012, 12:30 PM
Fifty-eight
percent of mortgages that closed in July were loans for the purpose of
refinancing , up from 54 percent in June according to Ellie Mae'...
