Tue, Aug 7 2012, 11:41 AM
CoreLogic reported this morning that
June home prices nationwide were up 2.5 percent compared to those one year
earlier. The company's Home Pric...
Tue, Aug 7 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Market participants as well as the trends in trading levels all to ok the day of yesterday, but at...
Tue, Aug 7 2012, 11:01 AM
Freddie Mac announced this morning that it will not require
any infusion of cash from the U.S. Treasury following its profitable second
quarter op...
Tue, Aug 7 2012, 6:07 AM
Monday's volume was as light as it's been since early April. Markets took a breather following the intense events on the last three days of the previ...
Tue, Aug 7 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Bond markets were increasingly punished during the late overnight session as Europe essentially sen...
Tue, Aug 7 2012, 4:18 PM
Refinancing through the revised Home Affordable Refinancing
Program (HARP 2.0) grew to a 33 percent share of all Fannie Mae and Freddie Mac
refinanc...
Tue, Aug 7 2012, 3:16 PM
Results
of the Federal Reserve's July Senior
Loan Officer Opinion Survey on Bank Lending Practices were released on
Tuesday. The survey, in whic...
Tue, Aug 7 2012, 3:15 PM
Mortgage Rates resumed last week's pattern of volatility moving to meet their highest levels in roughly a month. At this point, some lenders have e...
Mon, Aug 6 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
It's completely dead out there. Sometimes we see days/weeks like this ahead on the calendar and can ...
Mon, Aug 6 2012, 9:43 AM
Fortunately, on this 67th anniversary of the world's first atomic bomb
attack on Hiroshima, there is little going on with rates (the 10-yr is
basica...
Mon, Aug 6 2012, 8:20 AM
Compared to last week, which boasted several major central bank policy announcements and the jobs report, the week ahead is a relative ghost town in t...
Mon, Aug 6 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
"Inside Day" is a term that is occasionally used to denote market movement that is relatively more ...
Mon, Aug 6 2012, 2:31 PM
Mortgage Rates eased to slightly lower levels today after rising abruptly on Friday. The past week and a half saw some of the biggest day-over-day ...
Mon, Aug 6 2012, 1:35 PM
The number of metropolitan statistical area
(MSA) housing markets designated as 'improving" by the National Association of
Homebuilders (NAHB) decl...
Sun, Aug 5 2012, 8:54 PM
The mortgage and real estate industry doesn't always solely bear the brunt of
Congress's actions, or lack of actions. When Congress left for a five w...
Fri, Aug 3 2012, 12:17 PM
What say we end the week with something light, but near and dear to my
heart: stuff . Whether it is my grandfather's army uniform from the
Spanish ...
Fri, Aug 3 2012, 12:16 AM
Central banks have failed to incite lasting motivation for bond markets to abandon their low, sideways depression. Mario Draghi's comments about doin...
Fri, Aug 3 2012, 12:09 PM
FHA lenders in Massachusetts have a new
set of rules governing the writing of reverse mortgages. As of right now, however, there is no clear
inform...
Fri, Aug 3 2012, 11:36 AM
MBS Live : MBS Morning Market Summary
There are clearly visible players as well as 'behind the scenes' players involved in a rather brisk s...
Fri, Aug 3 2012, 11:21 AM
Prompted by what it called housing
shocks - delinquencies, foreclosures, and a precipitous decline in housing
prices - Fannie Mae recently underto...
Fri, Aug 3 2012, 9:57 AM
The Secretary of Housing and Urban
Development (HUD) and the state attorney general who handled much of the negotiation
leading to last spring's $2...
Fri, Aug 3 2012, 9:44 AM
In
competing press releases late Thursday Lender Processing Services , Inc. (LPS)
and the Office of the Missouri Attorney General announced the s...
Fri, Aug 3 2012, 4:39 PM
The Administration's Monthly Housing
Scorecard for July contained little in the way of new information. The Scorecard is a summary of housing data
...
Fri, Aug 3 2012, 4:31 PM
MBS Live : MBS Afternoon Market Summary
Relative to the past two months of relatively tame day-over-day movement
and relatively light vol...
Fri, Aug 3 2012, 4:11 PM
The housing statistics are staggering. Over the
past five years, the 30% average drop in prices has cost homeowners
approximately $7 trillion in w...
Fri, Aug 3 2012, 2:34 PM
Late Tuesday there was a bit of sparring between
Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency and
Treasury Secretary...
Fri, Aug 3 2012, 2:27 PM
Mortgage Rates rose abruptly today capping a 6 day stretch that has seen the biggest swings of the past 7 weeks. Although the movements seen in sev...
Thu, Aug 2 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
A week after ECB President Mario Draghi's strongly worded rhetoric prompted a rally in the Euro and ...
Thu, Aug 2 2012, 10:31 AM
That commercial sector is rockin' and rollin', up 25% for the 2nd quarter
from a year ago. Granted, most of that was due to increases in originations...
Thu, Aug 2 2012, 7:34 AM
After Wednesday's FOMC Announcement failed to motivate markets much, the onus falls even more clearly on today's ECB announcement. This was already p...
Thu, Aug 2 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Today's ECB headlines lived up to their potential at least in one way: they created volume and vola...
Thu, Aug 2 2012, 3:50 PM
Mortgage Rates ranged from unchanged to slightly improved today after facing a tremendous amount of uncertainty in the past two days. Yesterday's F...
Wed, Aug 1 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
By now, we hope it's been mentioned enough that we're all on the same page about markets in general,...
Wed, Aug 1 2012, 9:30 AM
Ever wonder why it takes the government
so many words to say...maybe not so much?
So did a visitor to the Consumer
Financial Protection Bureau'...
Wed, Aug 1 2012, 9:19 AM
Applications for refinancing reached the
highest level in over three years last week despite weakness in the government
backed sector of that busine...
Wed, Aug 1 2012, 8:20 AM
Coming off two positive days in a row to begin the week in bond markets, things get a bit more serious today. Whereas Monday and Tuesday could have j...
Wed, Aug 1 2012, 4:50 PM
Borrowers who refinance their loans
through Freddie Mac continue to eschew cash out refinancing , tending instead to
reduce either the amount of th...
Wed, Aug 1 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
As far as FOMC Announcements go, today saw a much lighter than normal volume and volatility. Trading r...
Wed, Aug 1 2012, 3:45 PM
Mortgage Rates moved higher today after the Fed released a largely unchanged monetary policy statement. Some market participants were hoping that t...
Wed, Aug 1 2012, 2:19 PM
Information received since the Federal Open Market Committee met in April June suggests that economic activity decelerated somewhat over the eco...
Wed, Aug 1 2012, 1:53 PM
"Big money goes around the world,
Big money underground.
Big money got a mighty voice,
Big money make no sound."
The world is watching Ol...
Tue, Jul 31 2012, 12:06 PM
Commercial and multi-family mortgage
lending rose in the second quarter of 2012 due, the Mortgage Bankers
Association (MBA) said, to low intere...
Tue, Jul 31 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As has been the case many times in recent memory, the majority of today's day-over-day change took p...
Tue, Jul 31 2012, 10:45 AM
The home price picture showed further improvement
with the release this morning of the S&P/Case-Shiller Home Price Indices
(HPI) for May. Both th...
Tue, Jul 31 2012, 10:24 AM
In mortgage banking, just like gymnastics, you have to get up after you
fall down .
Totaling through May, California (133,000), Florida (92,000...
Tue, Jul 31 2012, 9:33 AM
The pace of foreclosure activity in the
U.S. remained unchanged in June with 60,000 completed foreclosures, the same
number as in May but 25 perce...
Tue, Jul 31 2012, 7:56 AM
Markets are not shy about the fact that the week begins in earnest today. Both at home and abroad, we see the highest concentration of economic data ...
Tue, Jul 31 2012, 4:28 PM
MBS Live : MBS Afternoon Market Summary
Last Thursday and Friday were bad for MBS. The rest of the week up to that point was good. In fac...
Tue, Jul 31 2012, 4:08 PM
Freddie Mac said today that it would
be opening up refinance opportunities to borrowers who are not underwater on
their existing Freddie Mac mortgag...
Tue, Jul 31 2012, 4:07 PM
Mortgage Rates continued their bounce back from abrupt weakness on Friday. The two days of gains so far this week bring rates back within striking ...
