Thu, Jul 19 2012, 11:32 AM
Existing-home sales declined 5.4 percent on a seasonally adjusted annual basis to 4.37 million from an upwardly-revised 4.62 million in May. Econom...
Thu, Jul 19 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
Certainly German Bunds are on the watch-list for US Treasuries after the former hit new record low...
Thu, Jul 19 2012, 9:56 AM
Yesterday we all learned what lock desks and pricing engines already
knew: mortgage applications in the U.S. jumped last week by the most in a month....
Thu, Jul 19 2012, 8:30 AM
Yesterday, we noted that the morning's economic data was highly unlikely to move markets and that Bernanke's 2nd round of Congressional testimony was ...
Thu, Jul 19 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
MBS have really put on an impressive display of 'ground-holding' in that they've maintained Fannie 3.0...
Thu, Jul 19 2012, 3:06 PM
Mortgage Rates bucked their recent trend and moved higher today, though the increase was fairly minimal for most lenders and almost imperceptible a...
Thu, Jul 19 2012, 3:06 PM
In June the Government Accountability
Office (GAO) issued a report critical of outreach undertaken by mortgage
servicers to inform and enroll borr...
Thu, Jul 19 2012, 2:31 PM
Barry Rutenberg, Chairman of the National Association of Home Builders (NAHB) was among witnesses appearing today before a hearing of the House Commit...
Wed, Jul 18 2012, 12:16 PM
Housing starts and housing completions
were both up in June according to new residential construction data released
this morning by the U.S. Census...
Wed, Jul 18 2012, 11:44 AM
MBS Live : MBS Morning Market Summary
Very little has changed today vs yesterday with respect to the general flow of data and events. In b...
Wed, Jul 18 2012, 9:56 AM
With the withdrawal of Wells Fargo from the wholesale channel,
correspondent reps from the aggregators are receiving renewed interest from
mortgage...
Wed, Jul 18 2012, 9:50 AM
Applications for refinancing surged
during the week ended July 13 sending mortgage application volumes to " near
peak levels for the year " accordin...
Wed, Jul 18 2012, 8:26 AM
From a technical standpoint, bond markets are playing a dangerous game at the moment. We'll consider this dangerous game for a moment against the bac...
Wed, Jul 18 2012, 4:36 PM
The Federal Reserve Bank of Boston
has released a Public Policy Discussion Paper by two of its economists titled Shifting
Confidence in Homeownersh...
Wed, Jul 18 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
The tone for bond markets today was largely set by the general drift lower in German Bund yields to...
Wed, Jul 18 2012, 2:29 PM
Mortgage Rates moved lower today, bringing them yet again to new all-time lows . The interest rate environment was generally improved right from ...
Wed, Jul 18 2012, 1:19 PM
The application process will begin today
for bidders to purchase approximately 9,000 loans that are in process to become
FHA owned real estate (RE...
Tue, Jul 17 2012, 11:44 AM
Builder confidence took its biggest leap
in nearly a decade according to data released this morning by the National
Association of Home Builders (...
Tue, Jul 17 2012, 11:37 AM
"There
is only positive news in June's numbers," a spokesperson for S&P Dow Jones
Indices said today as the company released the S&P/Experian Con...
Tue, Jul 17 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
The morning's economic data was largely uneventful, as expected. Focus has been and continues to be...
Tue, Jul 17 2012, 10:50 AM
Someone just sent me 90 seconds of amazing footage of a CFPB auditor
graduating from the program .
(I especially like the nonchalance of the other ...
Tue, Jul 17 2012, 10:19 AM
Remodeling increased in May to a
seasonally adjusted annual rate of 2,663,000.
This represents a 3 percent increase from the April rate of 2,579,0...
Tue, Jul 17 2012, 6:58 AM
10yr yields hit all time lows yesterday and production MBS hit all time highs. But rather than forging ahead into new all time lows, 10yr yields (we'...
Tue, Jul 17 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Although MBS and Treasuries began the day in slightly weaker territory, they both rallied during th...
Tue, Jul 17 2012, 2:45 PM
Mortgage Rates held steady today, keeping them in line with all-time lows . There was plenty going on in markets today, but not much of it had an...
Mon, Jul 16 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
This morning's Retail Sales report clearly set the tone early for bond markets. MBS and Treasuries both p...
Mon, Jul 16 2012, 11:23 AM
I was very excited when my son came home the other day and said,
"I've decided what I want to do when I get out of school - I am going to be
a buil...
Mon, Jul 16 2012, 11:17 AM
em·i·nent
do·main : Noun - "The right of a government or its agent to expropriate private
property for public use, with payment of compensation."
...
Mon, Jul 16 2012, 8:24 AM
After last week offered up few reasons to stray from the recent course for bond markets, the outlook of data and events in the week ahead is only marg...
Mon, Jul 16 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
The lion's share of today's volume and movement in bond markets was seen in the first few hours of ...
Mon, Jul 16 2012, 3:05 PM
As was the case at the beginning of last week, Mortgage Rates moved slightly lower today, once again hitting new all-time lows . In a bit of a d...
Mon, Jul 16 2012, 2:00 PM
The changes to the HARP program that
were put in place last fall seem to be having an affect according to data
released this morning by the Federa...
Fri, Jul 13 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
Make no mistake that this morning's economic data has been of little to no concern to bond markets wh...
Fri, Jul 13 2012, 9:32 AM
I was going to start today's commentary (from San Diego) with a reminder
to, "Be careful what you wish for," or a reminder that no one, at the
start...
Fri, Jul 13 2012, 8:28 AM
Fannie 3.0s saw what was probably their single biggest day of new TBA originations yesterday. In the opening alert on MBS Live, we said: "For MBS, to...
Fri, Jul 13 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Friday turned out to be the choppiest day of the week for production MBS, but like all the others, ...
Fri, Jul 13 2012, 1:34 PM
Mortgage Rates moved slightly higher today, breaking a streak that saw all-time low rates every day beginning last Friday. The termination of this...
Thu, Jul 12 2012, 12:27 PM
PRESS RELEASE:
Wells Fargo & Company (NYSE:WFC) announced today a definitive settlement agreement between Wells Fargo Bank, N.A. and the U.S. Depa...
Thu, Jul 12 2012, 11:30 AM
There was
heartening news this morning from CoreLogic which reports that nearly
three-quarters of a million homes emerged from negative equity bet...
Thu, Jul 12 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
After an early concentration of new MBS Origination Supply, things have leveled off a bit a nd MBS ...
Thu, Jul 12 2012, 9:59 AM
Here at the Western Secondary conference in San Francisco, talk is
focused on investors pushing purchase clearing numbers down and speeding up
purch...
Thu, Jul 12 2012, 8:34 AM
RealtyTrac
said today that 1,045,801 default notices, auction sale notices and bank
repossessions (REO) were filed during the first two quarters o...
Thu, Jul 12 2012, 8:03 AM
Thursday continues the theme of increased activity that arrived yesterday. In the overnight session, there's a decent offering of European data and ...
Thu, Jul 12 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Money flowed into both sides of the market today wi th Equities set to go
out higher and bond ...
Thu, Jul 12 2012, 3:11 PM
Mortgage Rates continued lower today, marking the FOURTH consecutive day at new all-time lows. Once again, rates markets continued to benefit from...
Thu, Jul 12 2012, 1:15 PM
A Georgetown law professor is proposing
that a Resolution Trust Corporation (RTC) like entity might be the key to
getting the housing market back...
Wed, Jul 11 2012, 12:04 PM
I remember in the 1980's there were charity events to help farmers. (Farmers
care about the weather - be sure to check out the weather report at the ...
Wed, Jul 11 2012, 11:34 AM
MBS Live : MBS Morning Market Summary
The European session proved to be of little concern to domestic bond markets that seem largely content to h...
Wed, Jul 11 2012, 10:04 AM
This morning the Mortgage Bankers
Association (MBA) released its Market Composite Index for the holiday shortened
week ended July 6 and reported tha...
Wed, Jul 11 2012, 7:02 AM
Tuesday saw yet another uneventful day for bond markets, though a positive one. MBS were a hot commodity and benefited greatly from light supply and ...
