Fri, Jul 6 2012, 3:52 PM
The June
Housing Scorecard, a joint publication of the U.S. Departments of Housing and
Urban Development (HUD) and Treasury, was released this after...
Fri, Jul 6 2012, 2:33 PM
Mortgage Rates fell to new all-time lows today after a weaker-than-expected Employment Situation Report. To some extent, markets were geared up fo...
Thu, Jul 5 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
MBS, like Treasuries, began the day in stronger territory, about 7 ticks higher than Tuesday's latest lev...
Thu, Jul 5 2012, 10:32 AM
This is 70 seconds of "head shaking, jaw dropping," why one
should never bet on cards .
Many of us enjoyed a little BBQ grub yesterday. For the...
Thu, Jul 5 2012, 9:34 AM
The Mortgage Composite Index, a measure of loan application
volume, was down 6.7 percent on a seasonally adjusted basis and 6.6 percent
unadjusted...
Thu, Jul 5 2012, 8:25 AM
After being closed for Independence Day yesterday, markets return to a packed schedule of economic data this morning including the week's first major ...
Thu, Jul 5 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
In considering the "stormy morning" referenced in the title of today's recap, it's important to kee...
Thu, Jul 5 2012, 3:02 PM
Mortgage Rates were modestly higher in most cases today, although some lenders were actually improved from Tuesday's offerings. For most lenders a...
Thu, Jul 5 2012, 2:45 PM
The Office of Comptroller of the Currency has issued a
spring 2012 Semiannual Risk Perspective covering
national banks and federal savings assoc...
Thu, Jul 5 2012, 2:20 PM
The House Oversight and Government
Reform Committee issued a report today on Countrywide Mortgage and its so-called
VIP loan program which the commi...
Tue, Jul 3 2012, 12:09 PM
Tomorrow, on your day off, here is 3 ½ minutes of a few very clever
creative bets that you can win.
Speaking of clever, a veteran male trader at...
Tue, Jul 3 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
The stock market is leading the charge higher for the "risk-on" trade. This normally puts some pressure on...
Tue, Jul 3 2012, 10:22 AM
The first round of winners has been
selected to purchase foreclosed real estate from Freddie Mac and Fannie
Mae. The Federal Housing Finance Agen...
Tue, Jul 3 2012, 7:33 AM
The first day of the week and month served up a timely reminder about the importance of domestic economic data in what might otherwise seem to be a ma...
Tue, Jul 3 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Today was one of those trading sessions that had a more "incidental" feel to it, or perhaps it woul...
Tue, Jul 3 2012, 3:36 PM
One of my favorite movies during the July 4th holiday is The Patriot. The sacrifices Benjamin Martin and many others make to win a chance at freedom a...
Tue, Jul 3 2012, 1:16 PM
Mortgage Rates were roughly unchanged today, essentially fighting broader bond market weakness in order to remain in all-time low territory. With ...
Mon, Jul 2 2012, 11:51 AM
On July 4th in 1776, the Declaration of Independence was approved by the
Continental Congress, setting the 13 colonies on the road to freedom as a
s...
Mon, Jul 2 2012, 11:12 AM
MBS Live : MBS Morning Market Summary
The big story of the morning is the ugly ISM Manufacturing numbers. At 49.7, today's ISM Purchasing ...
Mon, Jul 2 2012, 10:29 AM
Slightly more than a month after it confirmed
he was leaving his post as President and CEO, the Mortgage Bankers Association
( MBA ) announced that ...
Mon, Jul 2 2012, 10:09 AM
Home prices were up for the third
consecutive month in May as measured by CoreLogic's Home Price Index
(HPI.) The three months of increases were
...
Mon, Jul 2 2012, 8:11 AM
The week ahead is fairly straightforward in that there are no EU Summits, no major European elections, no Fed Policy decisions, and nothing else major...
Mon, Jul 2 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Although MBS and Treasuries began the day in slightly better territory, the bulk of the gains were ...
Mon, Jul 2 2012, 2:25 PM
Mortgage Rates improved moderately today bringing them just barely into new all-time low territory. Some lenders released 2nd and even 3rd rate sh...
Fri, Jun 29 2012, 12:22 PM
The Board of Supervisors in the California county of San Bernardino has,
perhaps unintentionally, picked a fight with some of the giants of the real
...
Fri, Jun 29 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
Bond markets opened up moderately weaker and moved to what could be considered significantly weaker territo...
Fri, Jun 29 2012, 11:07 AM
There were 63,000 completed foreclosures in May, about 1,000 more than were completed in April according to the National Foreclosure Report issued t...
Fri, Jun 29 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
After the June 20 th FOMC Announcement failed to coax bond markets out of their horizontal range...
Fri, Jun 29 2012, 2:51 PM
Mortgage Rates moved slightly higher today but only erased a portion of yesterday's improvement. That leaves the Conventional 30yr Fixed Best-Exec...
Thu, Jun 28 2012, 12:27 PM
Among those testifying at a hearing of the House Committee on Financial Oversight's subcommittee on
Insurance, Housing, and Community Opportunity wer...
Thu, Jun 28 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
The title basically covers it... We've definitely seen an uptick in volume today, not necessarily in...
Thu, Jun 28 2012, 10:27 AM
The Office of the Inspector General
( OIG ) of the Federal Housing Finance Agency ( FHFA ) issued a report this morning
that was mildly critical of...
Thu, Jun 28 2012, 9:19 AM
Remember that scene in Apollo 13 when it dawns on the astronauts that
NASA doesn't know how to get them back? Regarding our economy, one can imagine
...
Thu, Jun 28 2012, 7:49 AM
Yesterday, we surmised that markets had bigger fish to fry than meager Pending Home Sales and Durable Goods reports or even the afternoon's 5yr Auctio...
Thu, Jun 28 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
Bond markets made their move today... The trend of convergence and consolidation on bond markets that...
Thu, Jun 28 2012, 2:43 PM
Mortgage Rates moved slightly lower today but it was enough to officially hit new all-time lows. Some perspective is in order though. Certain len...
Thu, Jun 28 2012, 2:40 PM
The Office of Comptroller of the Currency
(OCC) recently completed its 18 th annual " Survey of Credit
Underwriting Practices ." The survey seeks t...
Wed, Jun 27 2012, 11:14 AM
MBS Live : MBS Morning Market Summary
Bond markets are every bit as reliable as the USPS slogan today in their determination to avoid rock...
Wed, Jun 27 2012, 11:11 AM
Pending home sales in May bounced
back to match March numbers which were the highest seen in two years. The
improvement was broad-based, affecting ...
Wed, Jun 27 2012, 10:14 AM
I have been subtly warning groups during speeches, and writing in this commentary, about the implications of Basel III. Most of the focus is on servic...
Wed, Jun 27 2012, 9:45 AM
Mortgage
application volume as measured by the Mortgage Bankers Association's (MBA) Market
Composite Index fell 7.1 percent during the week ended J...
Wed, Jun 27 2012, 8:00 AM
Bond markets moved modestly weaker yesterday, helped along mostly by a technical 'unwillingness' for benchmark 10yr Treasuries to venture under 1.60 o...
Wed, Jun 27 2012, 4:14 PM
MBS Live : MBS Afternoon Market Summary
Earlier this morning, bond markets were under fire as MBS and Treasuries were backed up to recently suppo...
Wed, Jun 27 2012, 2:43 PM
Mortgage Rates moved slightly higher today but remained well within a narrow range resting on all-time lows. Several lenders were actually unchang...
Wed, Jun 27 2012, 2:04 PM
Mortgage performance during the
first quarter of 2012 was the best in three years according to the Office of Comptroller
of the Currency's (OCC's) ...
Tue, Jun 26 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
It was an on-again off-again morning for markets as a "risk-on" tone--at least to a small degree--coa...
Tue, Jun 26 2012, 10:28 AM
A Florida loan officer has been
sentenced to four-and-a-half years in prison and ordered to pay $9.2 million in
restitution to the Department of...
Tue, Jun 26 2012, 10:23 AM
For the first time in eight months the S&P/Case-Shiller
Home Price Indices rose over levels of the previous month. Data through April 2012 showed th...
Tue, Jun 26 2012, 8:54 AM
President Obama just played his 100th round of golf since being elected
President. In 4 years he has gone through more white tees than the cast of Je...
Tue, Jun 26 2012, 7:02 AM
The first day of the week got off to an exceedingly uneventful start, albeit a positive one for bond markets. Summit-weary markets stashed cash rathe...
