Tue, Oct 16 2012, 12:05 PM
As has been the case on many occasions since the inception of QE3, the biggest determining factor of MBS price levels in the AM hours has been the i...
Tue, Oct 16 2012, 9:53 AM
In terms of foreclosures, California has been having a rough go of things
recently. The state has one of the highest rates of foreclosure in the
co...
Tue, Oct 16 2012, 9:12 AM
A late-breaking WSJ story tonight covered a potential compromise on a government proposal to legislate loan approval guidelines, and it requires some ...
Tue, Oct 16 2012, 6:48 AM
The title of yesterday's "week ahead" asked whether or not markets to decide between confirming apathy and discovering organic motivation. Grante...
Tue, Oct 16 2012, 4:51 PM
Refinancing
through Freddie Mae and Fannie Mae jumped sharply in August as homeowners continued
to take advantage of record low rates. The
two gov...
Tue, Oct 16 2012, 4:33 PM
To say that MBS held a narrow trading range today would be an understatement .
Even though Treasury yields and stocks moved gradually higher
t...
Tue, Oct 16 2012, 1:56 PM
Mortgage rates continued higher on Tuesday, rising at a faster pace than Monday, and reversing two
days of improvements at the end of last we...
Mon, Oct 15 2012, 11:48 AM
We mused this morning that if markets could talk , they would seem
to have been saying "now what?" ever since QE3 went live roughly a
month ago. ...
Mon, Oct 15 2012, 10:35 AM
Will Basel III be delayed? Maybe! Here is the latest: http://www.bloomberg.com/news/2012-10-11/eu-said-to-weigh-delaying-basel-bank-rules-for-up-to-a-...
Mon, Oct 15 2012, 7:18 AM
Before the Fed announced QE3 in mid-September, markets were more active , ostensibly trading varying degrees of anticipation for
the size, shape,...
Mon, Oct 15 2012, 5:10 PM
For the last few months the National
Association of Realtors® (NAR) has been making some general statements that tight
inventories of existing home...
Mon, Oct 15 2012, 4:58 PM
MBS Live : MBS Afternoon Market Summary
Bond markets coasted into the domestic session after extremely quiet trading during Asian and European ...
Mon, Oct 15 2012, 1:49 PM
HOPE NOW , the voluntary, private
sector alliance of mortgage servicers, investors, mortgage insurers and
non-profit counselors, reported that its p...
Mon, Oct 15 2012, 1:15 PM
After managing to improve on Thursday and Friday, mortgage rates begin the current week slightly higher. Even
so, the changes between Friday and...
Fri, Oct 12 2012, 11:33 AM
Two of the nation's largest banks
published third quarter earnings today and both credited their respective
mortgage businesses for part of their su...
Fri, Oct 12 2012, 11:20 AM
In a shock ing twist of ev ents, bond markets were once again
completely apathetic overnight and have been sideways to slightly
improved so far th...
Fri, Oct 12 2012, 10:48 AM
(This is
the first in what will be a series of articles
featuring mortgage companies and individual professionals who are giving back
to their comm...
Fri, Oct 12 2012, 10:32 AM
The 2010 Census showed that people who reported multiple races grew by
a larger percentage than those reporting a single race . According to the 20...
Fri, Oct 12 2012, 7:32 AM
Heading into the last day of a holiday-shortened week that has offered
little guidance for bond markets, we see today's lack of major economic
dat...
Fri, Oct 12 2012, 4:34 PM
Bond markets cruised casually weaker in the overnight session as stocks
were flat, both holding narrow ranges and nonplussed to the extreme.
Trea...
Fri, Oct 12 2012, 2:39 PM
The week ahead is busier in terms of economic data with an important
report on Retail Sales leading off first thing Monday morning. It's not
impo...
Thu, Oct 11 2012, 11:48 AM
In case you missed it and/or don't have time to check out the update below, today's drop in Jobless Claims was big enough to raise some eyebrows ,
...
Thu, Oct 11 2012, 11:20 AM
The Financial Crimes Enforcement Network
(FinCEN) has issued its Mortgage Fraud Update for the second quarter of 2012. The update is based on mort...
Thu, Oct 11 2012, 10:03 AM
Foreclosure
activity nationwide fell to the lowest level in September since almost the
beginning of the foreclosure crisis according to RealtyT...
Thu, Oct 11 2012, 9:30 AM
Welcome to 10/11/12...how many times do us adults get a chance at a date
like that here in the U.S.? I guess once a year up until 2014.
On the j...
Thu, Oct 11 2012, 6:30 AM
Thursday is a major gear shift , and stands a good chance to
leave less doubt as to which tracks are most worthy to be followed. By
the end of i...
Thu, Oct 11 2012, 4:21 PM
Although bond markets leaked casually into weaker territory overnight
and despite the hiccups caused by the curiously strong (but later
explained)...
Thu, Oct 11 2012, 2:56 PM
Mortgage rates finally improved on Thursday after moving sideways or higher since last Thursday. Bond markets and mortgage-backed-securities began th...
Wed, Oct 10 2012, 12:48 PM
A "sizable share of
real estate appraisals are holding back home sales" the National Association of
Realtors® (NAR) said Wednesday as it released re...
Wed, Oct 10 2012, 11:29 AM
The day has thus far shaped up as a standard-issue " Narrow Day ,"
characterized by mostly sideways price/yield movements in MBS and
Treasuries, a...
Wed, Oct 10 2012, 10:36 AM
The Department of Justice (DOJ) brought two
separate groups of actions on Tuesday charging criminal and civil mortgage
fraud. In the first , 28...
Wed, Oct 10 2012, 10:29 AM
Here is one growth industry - lobbying on behalf of Wells Fargo.
But lobbyists probably won't be able to help Wells, which prides itself on,
among...
Wed, Oct 10 2012, 9:20 AM
Mortgage application activity eased slightly
last week after reaching recent record high levels during the week ended
September 29. The Mortgage B...
Wed, Oct 10 2012, 6:02 AM
Tuesday was a challenging for MBS on several fronts. In
addition to being a relatively light volume "first day back after a
3-day weekend," MBS...
Wed, Oct 10 2012, 5:00 PM
The Summary of Commentary on Current Economic Conditions by Federal Reserve District or the so-called Beige Book was released on Wednesday. The doc...
Wed, Oct 10 2012, 4:28 PM
Bond markets began the day in the red after an overnight session
that was less than exciting or even interesting. Treasuries simply
drifted hig...
Wed, Oct 10 2012, 3:57 PM
The
Mortgage Bankers Association ( MBA ) has submitted comments to the Consumer
Financial Protection Bureau ( CFPB ) regarding the CFPBs August 10...
Wed, Oct 10 2012, 2:12 PM
Mortgage rates were broadly unchanged on
Wednesday, but offerings vary depending on the lender. While most
lenders' rate sheets are in similar...
Tue, Oct 9 2012, 11:36 AM
Americans responding to the Fannie Mae's
September edition of its National Housing Survey displayed greater optimism
about the housing market , h...
Tue, Oct 9 2012, 11:24 AM
Bond markets were somewhat choppy earlier this morning as volume
ramped back up to less-than-inconsequential levels following the
Columbus Day h...
Tue, Oct 9 2012, 10:36 AM
The nation's
shadow inventory dropped to 2.3 million housing units in July, down 10.2
percent from where it stood one year earlier. According to...
Tue, Oct 9 2012, 6:35 AM
Bond markets were closed for Columbus day yesterday although stock markets remained open. That provided a brief, low-volume glimpse
into tradin...
Tue, Oct 9 2012, 5:09 PM
"We must, indeed, all hang together or, most assuredly, we shall all
hang separately." No, the CEO's of Freddie and Fannie did not say
that, it wa...
Tue, Oct 9 2012, 4:42 PM
The Federal
Housing Finance Agency ( FHFA ) has released its Strategic Plan for the years
2013-2017 . The Plan builds on the one
presented by FHF...
Tue, Oct 9 2012, 4:36 PM
Monthly settlement for Class A MBS (Fannie/Freddie 30yr Fixed
coupons) and nothing major on the calendar to coax participants back
into the fray...
Tue, Oct 9 2012, 1:50 PM
We'd discussed the risks of rising rates at the end of last
week and left the door open for the current month to take the shape of
previous Octo...
Mon, Oct 8 2012, 11:47 AM
According to the 2010 US Census data and the Survey of Income and
Participation Program, working from home is on the rise : back in 1999,
9.5 milli...
Fri, Oct 5 2012, 12:02 PM
This morning's stronger than expected jobs report caused an instant sell-off for bond markets. The report was positive not because it hit expectati...
Fri, Oct 5 2012, 11:13 AM
When I am bored, I dream about designing an entirely new secondary market
for loans . And then I think about designing an entirely new medical
insu...
Fri, Oct 5 2012, 6:11 AM
Recent employment-related data has been mixed with about half the reports (or employment components of other reports) pointing toward the stronger ...
