Mon, Jun 18 2012, 8:06 AM
Greek elections over the weekend yielded the less dramatic result of a victory for pro-bailout conservatives. This is ostensibly a good thing for the...
Mon, Jun 18 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
With the exception of a few outlying trades, MBS traded an insanely narrow range today (between 105-0...
Mon, Jun 18 2012, 3:07 PM
New comparative tables from the 2010 Census underline both
the importance of homeownership to building wealth and the havoc wrecked by the
recess...
Mon, Jun 18 2012, 2:48 PM
Mortgage Rates were slightly lower again today after hitting new all-time lows on Friday. It continues to be the case that different lenders are a...
Sat, Jun 16 2012, 1:30 PM
The lender/investor/M&A/vendor/training/conference updates
keep coming. As always, it is best to read the actual bulletin, but these
recent notes ...
Fri, Jun 15 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
A similar theme is playing out this morning where we find 10yr TSYs digging into the 1.5's and MBS havin...
Fri, Jun 15 2012, 10:32 AM
Financial institutions that received emergency funds from
the Federal Government during the financial meltdown of 2008 continue to repay
that debt t...
Fri, Jun 15 2012, 10:01 AM
On June 15, 1752, Benjamin Franklin performed his famous kite experiment,
proving that lightning is a form of electricity. Something that seems to be...
Fri, Jun 15 2012, 8:33 AM
A few weeks back, we very reluctantly capitulated to conformity and used the term "Grexit" one time (potential Greece Euro-zone exit). It felt wrong....
Fri, Jun 15 2012, 5:18 PM
MBS Live : MBS Afternoon Market Summary
The most recent alert at 1:32pm effectively serves as the recap. So this is more of a recap of the...
Fri, Jun 15 2012, 1:51 PM
Mortgage Rates were noticeably lower today at some lenders and only slightly lower at others. The net effect is an average Best-Execution rate tha...
Fri, Jun 15 2012, 1:11 PM
The two government sponsored enterprises
(GSEs) Freddie Mac and Fannie Mae completed nearly twice as many foreclosure
prevention actions in the fi...
Thu, Jun 14 2012, 11:41 AM
Steadier job growth and improving
consumer confidence are now boosting home sales and home prices may finally
find a bottom this year according to t...
Thu, Jun 14 2012, 11:28 AM
The New York State Assembly will soon consider
a bill that, if passed, would broaden the definition of mortgage foreclosure
fraud to include "rob...
Thu, Jun 14 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
The morning's data was mostly ignored, save for the short-lived initial bond market rally. Everythin...
Thu, Jun 14 2012, 10:08 AM
Lenders
appear to be getting a grip on the nation's foreclosure inventory according to a
report released Thursday by CoreLogic.
The foreclosure or...
Thu, Jun 14 2012, 9:58 AM
Regardless of size, regardless of defense, regardless of current QC
measures, buybacks are an issue at every level. PNC , #17 lender by
volume in t...
Thu, Jun 14 2012, 9:50 AM
Foreclosure
filings topped 200,000 during May for the first time in two months but filings
were still below the rate a year earlier according to th...
Thu, Jun 14 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Not too much to say about what's going on here... In the longer term, trading ranges have been con...
Thu, Jun 14 2012, 3:37 PM
Mortgage Rates improved slightly today after rising somewhat yesterday. All in all, the movement was muted, and most of it served to narrow the g...
Thu, Jun 14 2012, 2:50 PM
Benchmark TSYs and rate sheet influential TBAs are continuing their consolidative
ways today.
I describe this behavior as the market " stori...
Wed, Jun 13 2012, 12:35 PM
The National Association of Home Builders (NAHB) list of
improving housing markets continued to show sizeable shifts as small changes in
the metri...
Wed, Jun 13 2012, 12:32 PM
Industry experts believe that one of the several reasons Countrywide fell
was because of their quest for market share for its own sake, rather than h...
Wed, Jun 13 2012, 11:55 AM
MBS Live : MBS Morning Market Summary
Bond markets walked in the door in moderately weaker territory today, but firmed up following weaker...
Wed, Jun 13 2012, 10:18 AM
There was
absolutely no bad news out of the Mortgage Bankers Association's Weekly Mortgage
Applications Survey this morning. Results
of the survey...
Wed, Jun 13 2012, 8:26 AM
After the first two days of the week offered very little by way of data and events--a mostly uneventful 3yr Note Auction and a similarly unimportant I...
Wed, Jun 13 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Today was really Treasuries' time to shine. Even in the overnight session, 10's were doing much b...
Wed, Jun 13 2012, 3:40 PM
Mortgage Rates were unchanged to slightly higher today , but several lenders released improved rate sheets in the afternoon bringing them closer in ...
Wed, Jun 13 2012, 3:29 PM
As required under the Housing and
Economic Recovery Act (HERA), the director of The Federal Housing Finance
Agency (FHFA) submitted the agency's an...
Tue, Jun 12 2012, 12:38 PM
Three of the groups that most heavily
invest in commercial and multifamily mortgages increased their outstanding
balance of such debt in the first q...
Tue, Jun 12 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
Bad, Worse, Worst... That's how we'd characterize today's price action in MBS, Treasuries, and German Bu...
Tue, Jun 12 2012, 11:03 AM
Tonight the NBA finals start, just in time, or so it seems, for the NBA
basketball season to start all over again. But here's some aerobatic basketb...
Tue, Jun 12 2012, 7:27 AM
Monday's economic calendar was completely blank, leaving markets to do what they likely would have done anyway, which was to trade the Spanish bailout...
Tue, Jun 12 2012, 4:41 PM
MBS Live : MBS Afternoon Market Summary
Today had a very "weird" feel to it, for lack of a better term. A lot of the price action, in Trea...
Tue, Jun 12 2012, 3:07 PM
Mortgage Rates moved slightly higher again today , but the amount of the change from lender to lender depends on whether or not they released a nega...
Mon, Jun 11 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
Risk markets loved the news of the weekend Spanish bailout in the first few, low volume hours of the ...
Mon, Jun 11 2012, 10:29 AM
Here in Arizona, at the Arizona Mortgage Lenders Association conference,
it is clear that mortgage origination and pricing is a numbers game. Many ar...
Mon, Jun 11 2012, 7:57 AM
Bond markets are off to a significantly weaker start in Asian trading hours after Eurozone officials held a scheduled conference call on Saturday to d...
Mon, Jun 11 2012, 5:22 PM
Bank of America (BOA) has settled
accusations by the Department of Housing and Urban Development (HUD) that one
of its California branches had disc...
Mon, Jun 11 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
After the first few hours of global trading this morning, we observed the 10yr yields trading in th...
Mon, Jun 11 2012, 3:25 PM
Mortgage Rates held steady to slightly weaker today , though some lenders recalled rate sheets in the afternoon as bond markets improved. That help...
Fri, Jun 8 2012, 11:32 AM
Mortgage Guaranty
Insurance Corporation (MGIC) the nation's largest private mortgage insurance
company, issued its Operational Summary for the month...
Fri, Jun 8 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries came into today's domestic session in relatively stronger territory thanks to Euro...
Fri, Jun 8 2012, 9:22 AM
Unfortunately
for borrowers, and rate sheet pricing, the
Fed voted "full speed ahead" for Basel III . "Mortgage
servicing rights (MSR), for instan...
Fri, Jun 8 2012, 7:03 AM
Each of Friday's scheduled events ostensibly have less market moving potency than yesterday's Bernanke testimony. We can't really confirm that po...
Fri, Jun 8 2012, 5:27 PM
Acting
Federal Housing Finance Agency (FHA) Commissioner Carol Galante and Housing and
Urban Development (HUD) Secretary Shawn Donovan announced lat...
Fri, Jun 8 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
The day began well for bond markets for reasons that often lead to bonds doing well, namely that
...
Fri, Jun 8 2012, 3:33 PM
The Federal Housing Finance Agency (FHA)
is expected to announce before the close of business today a new bulk sale
program to liquidate some of t...
Fri, Jun 8 2012, 2:03 PM
Mortgage Rates continued to improve today , though some lenders recalled rate sheets in the afternoon as bond markets moved higher in yield. Even s...
Thu, Jun 7 2012, 12:13 AM
A bit of a break from the recent norm today as the primary market-moving event is relatively clear and actually occurs during the domestic session. T...
