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...
Tue, Jun 26 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
On the standard issue 2-day charts, MBS and Treasuries look to have experienced a rather volatile d...
Tue, Jun 26 2012, 3:23 PM
Suspicious Activity Reports (SARs) related
to suspected mortgage loan fraud (MLF) filed by depository institutions decreased
sharply in the first q...
Tue, Jun 26 2012, 2:39 PM
Mortgage Rates held completely steady today keeping them in line with all time lows. The stability in the mortgage market comes despite a decent a...
Tue, Jun 26 2012, 2:20 PM
A recent article in Public Finance Review reports on a study of the impact of the
federal mortgage interest deduction (MID) not on homebuyer beha...
Mon, Jun 25 2012, 11:21 AM
Sales of new single-family homes increased to a seasonally
adjusted annual rate of 369,000 in May from a rate of 343,000 in April
according to figu...
Mon, Jun 25 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
It's been a tremendously uneventful morning so far following a tremendously uneventful overnight sess...
Mon, Jun 25 2012, 9:07 AM
The political climate is heating up. Jokes that we were able to tell on
the trading desk, regardless of political
affiliation , are flying around, ...
Mon, Jun 25 2012, 7:46 AM
Whereas last week was stone silent with the exception of big headline pops courtesy of the FOMC, the current week lacks any of those superstar perform...
Mon, Jun 25 2012, 4:42 PM
California's proposed Homeowner Bill
of Rights , originally proposed by the state's attorney general Kamala Harris
and covered here
has been modi...
Mon, Jun 25 2012, 4:14 PM
MBS Live : MBS Afternoon Market Summary
It took MBS a while to hit their highs of the day, but when they did-much like 10yr Treasuries--the...
Mon, Jun 25 2012, 3:16 PM
Mortgage Rates moved lower today as markets largely shied away from risk ahead of this week's meeting of European leaders to discuss the Euro-zone ...
Mon, Jun 25 2012, 2:17 PM
The American Enterprise Institute's
(AEI) FHA Watch , a monthly on-line
publication tracking operations of the housing agency, just released its si...
Fri, Jun 22 2012, 11:38 AM
Representatives of the Mortgage Bankers
Association (MBA), and the American Bankers Association (ABA) told the House
Financial Services Subcommittee...
Fri, Jun 22 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
For what seems like the first time in a long time, Treasuries are the noticeable underperformer today in th...
Fri, Jun 22 2012, 10:42 AM
Want some good news? My grades did not qualify me for admittance to Harvard
(that is not the good news), but that institution put out good research
...
Fri, Jun 22 2012, 8:21 AM
Markets spent the day bouncing back from post-FOMC trading levels to pre-FOMC trading levels yesterday, but encountered well-defined resistance to fur...
Fri, Jun 22 2012, 5:20 PM
MBS Live : MBS Afternoon Market Summary
Afternoon trading was similar to morning trading for Treasuries, combining for an entire session of gradu...
Fri, Jun 22 2012, 1:38 PM
Mortgage Rates rose microscopically today as mortgage markets essentially moved sideways just off yesterday's slightly stronger levels, with little...
Thu, Jun 21 2012, 11:52 AM
Sales
of existing homes fell in May, but that decline may have been due to a lack of
available homes rather than a lack of demand.
According to t...
Thu, Jun 21 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
Yesterday may have been disconcerting for some MBS market watchers in the sense that recently attained and ...
Thu, Jun 21 2012, 10:39 AM
Mortgage rates are low.
But volume is a problem.
Raise our margins now!
(See Miss Hickox? Your 7th grade haiku section really paid off!) ...
Thu, Jun 21 2012, 10:24 AM
A new study has found that consumers
who received mortgage modifications outperformed those who did not on new
consumer loans they opened after th...
Thu, Jun 21 2012, 7:35 AM
Just like the last major policy communication from the Fed, yesterday's FOMC Announcement served not so much to "change the game" but instead to more ...
Thu, Jun 21 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Whether you want to chalk it up to the European markets dragging domestic markets down, vice vers...
Thu, Jun 21 2012, 2:21 PM
Mortgage Rates fell today as European markets, and to a lesser extent, domestic economic data, dragged bond market interest rates lower. Rates wer...
Thu, Jun 21 2012, 1:24 PM
Both Freddie Mac and Fannie Mae will be offering additional
consideration to military personnel who may be facing problems with their
mortgage d...
Thu, Jun 21 2012, 1:21 PM
House prices tacked on another increase
in April, bringing the annual increase to 3.0 percent according to the Federal
Housing Finance Agency's (FHF...
Wed, Jun 20 2012, 12:59 PM
The average
loan to value ratio of closed loans broke through 80 percent in May according
to the Origination Insight Report released today by El...
Wed, Jun 20 2012, 11:38 AM
Here we are on the day that teenagers everywhere in the Northern Hemisphere
despise: the solstice. The sunrise in Nome is around 4:19AM. Even here in...
Wed, Jun 20 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
Although MBS have outperformed Treasuries, and Treasuries have outperformed German Bunds , the latter ha...
Wed, Jun 20 2012, 10:19 AM
Lender Processing Services released
preliminary data this morning from its May Mortgage Monitor Report . The highlight of the report is that the
...
Wed, Jun 20 2012, 10:16 AM
Mortgage application volume
during the week ended June 15 fell back only slightly from the 18 percent gain
it scored a week earlier. The Mortgage Ba...
Wed, Jun 20 2012, 8:15 AM
Today is stone silent with the exception of the FOMC-related events, which are not only the most significant events of the week, but of the month as w...
Wed, Jun 20 2012, 4:24 PM
Mortgage Rates rose modestly today even before the FOMC-related events caused additional weakness in the afternoon. That said, the overall level o...
Wed, Jun 20 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Although MBS initially looked set to take today's FOMC Announcement harder than treasuries, a more ...
Wed, Jun 20 2012, 2:16 PM
Just a few quick points of order and few charts to update the current situation. The alerts from MBS Live at 12:55pm and 1:12pm will be included in t...
Wed, Jun 20 2012, 1:02 PM
Information received since the Federal Open Market Committee met in March April suggests
that the economy has been expanding moderately. Labor ma...
Tue, Jun 19 2012, 11:50 AM
Default rates fell in May for all types
of loans tracked by the S&P/Experian Credit Default Indices . For most loan types it was the fifth
consecu...
Tue, Jun 19 2012, 11:32 AM
MBS L ive : MBS Morning Market Summary
Fannie 3.5's and 3.0's may not be quite into posit ive territory, but they're certainly perfor...
Tue, Jun 19 2012, 10:32 AM
The
American Recovery and Reinvestment Act of 2009 (Recovery Act) allotted $4
billion to the Department of Housing and Urban Development's (HUD) Pub...
Tue, Jun 19 2012, 10:29 AM
Do we really need Congress writing or approving the industry's disclosure
forms? Can't it pick on the rental car agreement forms that no one reads,...
Tue, Jun 19 2012, 10:03 AM
The EU-US Coalition on Financial
Regulation is calling on policy makers in the US and the European Union (EU) to
resume discussions of a framework t...
Tue, Jun 19 2012, 9:49 AM
The U.S. Census Bureau and the
Department of Housing and Urban Development reported this morning that permits
for the construction of new privately-...
Tue, Jun 19 2012, 9:18 AM
The Consumer Finance Protection Bureau ( CFPB )
rolled out another new consumer tool this morning, an on-line complaint
database . The database,...
Tue, Jun 19 2012, 8:02 AM
In case anyone or anything needed to reemphasize the extent to which Wednesday's FOMC events dominate this week, take yesterday's trading for example....
Tue, Jun 19 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
After having to cope with getting pushed gradually wider in yield vs Treasuries, MBS had a chance t...
Tue, Jun 19 2012, 2:48 PM
Mortgage Rates were nearly unchanged to slightly higher depending on the lender in question. The pre-rounded average from our best-execution calc...
Tue, Jun 19 2012, 1:13 PM
Thanks to
problems in Europe and the slowing of both the US and Chinese economies,
consumer attitudes have plateaued after several months of improve...
Mon, Jun 18 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As can be noted in the live updates below, bo nd markets have been working out their response to th...
