Wed, Aug 15 2012, 11:46 AM
MBS Live : MBS Morning Market Summary
Another day, another chance to ratchet to the next higher technical pivot point for Treasury yields a...
Wed, Aug 15 2012, 11:44 AM
Builder confidence as measured by the National
Association of Home Builders ( NAHB )/Wells Fargo Housing Market Index ( HMI )
increased for the fou...
Wed, Aug 15 2012, 10:56 AM
Yesterday afternoon, per the Census Bureau, the U.S. population reached a
milestone that is very meaningful to mathematicians: 314,159,265 residents,...
Wed, Aug 15 2012, 10:20 AM
The volume of mortgage applications for
both purchasing and refinancing fell last week according to the Mortgage
Bankers Association's (MBA) Weekl...
Wed, Aug 15 2012, 8:26 AM
Bond markets tried very hard on Tuesday to convince us that "something" is happening. We've been more defensive than usual for over a week now and no...
Wed, Aug 15 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
Another day in August and another sell-off for bond markets. This one was particularly large, high-vo...
Wed, Aug 15 2012, 3:14 PM
Mortgage Rates made an abrupt move higher today, leaving most lenders at their worst levels since early June. Recent momentum has carried rates in ...
Wed, Aug 15 2012, 2:23 PM
Six principal regulators of banks and credit unions have issued proposed rules
to establish a new appraisal requirement for "higher-risk mortgage lo...
Tue, Aug 14 2012, 12:54 PM
The Securities and Exchange Commission
(SEC) has just charged that during an eight month period in 2007 a subsidiary
of Wells Fargo and one of its...
Tue, Aug 14 2012, 12:48 PM
Housing affordability dipped slightly
during the second quarter according to the National Association of Home
Builders (NAHB)/Wells Fargo Housing O...
Tue, Aug 14 2012, 11:55 AM
HOPE NOW facilitated mortgage
modifications now total over 5.6 million since the program began in 2007
according to information released by the p...
Tue, Aug 14 2012, 11:33 AM
Ninety-five percent of homeowners who
refinanced through Freddie Mac in the second quarter of 2012 chose a fixed rate
mortgage (FRM) according t...
Tue, Aug 14 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Mondays and Fridays continued their recent tradition of appallingly low volume (8/6, 8/10, 8/13). Vo...
Tue, Aug 14 2012, 10:32 AM
Americans opened new credit card
accounts at an increased rate during the second quarter of 2012. The balances on those cards however remained near
...
Tue, Aug 14 2012, 10:27 AM
A new face-to-face counseling
requirement for seniors seeking a reverse mortgage loan is no longer operative in
Massachusetts after surviving on...
Tue, Aug 14 2012, 7:50 AM
Monday proved to be every bit as slow as expected in terms of volume but unfortunately also as volatile as such low-volume sessions can be. This isn'...
Tue, Aug 14 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Whereas yesterday was one of the lowest volume trading sessions since April, today's was closer to...
Tue, Aug 14 2012, 2:37 PM
Mortgage Rates moved higher today continuing a broader trend of weakness that began in late July. Throughout that trend, the actual interest rates ...
Mon, Aug 13 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
MBS began the day in line with Friday's closing levels, just over 103-00 in the "production coupon" F...
Mon, Aug 13 2012, 10:25 AM
I love it when regulators and politicians become upset about the
environment which they've helped create - unintended consequences. One
suggestion l...
Mon, Aug 13 2012, 8:02 AM
The week gets off to a slow start today with essentially nothing on tap for the domestic or European calendars save for a relatively inconsequential r...
Mon, Aug 13 2012, 5:28 PM
Both Fitch Ratings and the Mortgage
Bankers Association have reacted to the Consumer Financial Protection Bureau's (CFPB)
proposed rules for mortga...
Mon, Aug 13 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
It's not so much that low volume CAUSED MBS to fall, but rather, it provided an environment in whic...
Mon, Aug 13 2012, 1:38 PM
Mortgage Rates were paradoxically higher today giving some pause to a bounce back from the month's highest rates last week. Although not altogether...
Fri, Aug 10 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Bond markets began today's rally yesterday afternoon following the 30yr Bond auction. Whether the bo...
Fri, Aug 10 2012, 10:46 AM
"Wanna tell you a story, about the house-man blues.
I come home one Friday, had to tell the landlady I'd-a lost my job.
She said that don't confro...
Fri, Aug 10 2012, 10:19 AM
The
Consumer Financial Protection Bureau (CFPB) is requesting comments on two sets
of proposed rules governing the operation of mortgage servicers ...
Fri, Aug 10 2012, 8:31 AM
Thursday began in much weaker territory for bond markets as 10yr yields edged into the 1.7's for the first time since early June. Things were at thei...
Fri, Aug 10 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Weaker Chinese Trade data overnight helped bond markets continue the bounce back that began after y...
Fri, Aug 10 2012, 2:04 PM
Mortgage Rates moved lower today extending the bounce back in rates markets that began after yesterday's 30yr Bond Auction. There were no significa...
Fri, Aug 10 2012, 1:41 PM
Peer-to-peer lending is hardly a new
concept but it went high-tech in 2005 when Prosper.com opened a market place to
link people who had money with ...
Thu, Aug 9 2012, 12:48 PM
The one-to-four family residential
delinquency rate shot up 18 basis points during the second quarter to a seasonally
adjusted rate of 7.58 percent ...
Thu, Aug 9 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
The losing streak continues for bond markets as Treasuries showed great determination to move weaker ...
Thu, Aug 9 2012, 10:45 AM
Greetings from Washington State, and...Oops! Did I have the wrong
headline in the subject line? (Those files are really thick, you know.) Incorrect...
Thu, Aug 9 2012, 9:48 AM
Foreclosure activity appears to finally
be on a downward track, although the road is still a rough one in many states. The RealtyTrac U.S. Foreclo...
Thu, Aug 9 2012, 9:32 AM
Despite what it termed "decidedly good
news over the past quarter" regarding house prices, Frank Nothaft, Chief
Economist of Freddie Mac said today ...
Thu, Aug 9 2012, 8:20 AM
Bond markets continued selling off yesterday and are continuing to sell off so far in the overnight session. We're now into the high 1.6's ahead of t...
Thu, Aug 9 2012, 4:14 PM
MBS Live : MBS Afternoon Market Summary
A relief rally followed today's 30yr Bond Auction despite the auction itself being only average. ...
Thu, Aug 9 2012, 2:50 PM
Mortgage Rates began in higher territory this morning, though some lenders released improved rate sheets in the afternoon. On average, rates are st...
Wed, Aug 8 2012, 12:23 PM
The second quarter saw the second
consecutive decline for serious (over 60 days) mortgage delinquencies which
stood at 5.49 percent at the end of ...
Wed, Aug 8 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
MBS opened up a tick or two higher than yesterday's close and proceeded very gently higher into the 1...
Wed, Aug 8 2012, 11:00 AM
Who says that privacy is alive and well? No one. Check this out .
"Rob, folks wonder about Realtors charging 5-6% commissions,
regardless of tran...
Wed, Aug 8 2012, 9:28 AM
The volume of mortgage applications both
for purchasing and refinancing declined slightly during the week ended August
3. The Mortgage Bankers ...
Wed, Aug 8 2012, 8:13 AM
Europe moved further into a "risk-on" stance yesterday where a combination of lesser events and pieces of news combined in a unified push to weaker le...
Wed, Aug 8 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Today may turn out to be one of the last few bits of weakness before bond markets finally put their fo...
Wed, Aug 8 2012, 3:28 PM
The Federal Housing Finance Agency (FHFA)
will post a notice in the Federal
Register on Thursday announcing that it was open to input from any per...
Wed, Aug 8 2012, 3:25 PM
Fannie Mae joined Freddie Mac this
morning in declaring an increased second quarter profit and announcing it would
not request a draw from the ...
Wed, Aug 8 2012, 2:59 PM
Mortgage Rates held steady to slightly improved today after a disconcerting rise to the highest levels in a month yesterday. That said, today's rat...
Tue, Aug 7 2012, 12:25 PM
MetLife, Inc. has agreed to pay $3.2
million to the Federal Reserve as a monetary sanction for failing to adequately
oversee operations of its sub...
Tue, Aug 7 2012, 12:16 PM
It is hard for the lending industry to talk about the mounting costs of
paperwork, regulation, and compliance when the public actually sees that
cl...
