Tue, Sep 11 2012, 1:51 PM
Guarantee fees (G-fees) are likely to
continue the pattern of gradual increases initiated since Freddie Mac and
Fannie Mae were placed in conserv...
Mon, Sep 10 2012, 11:37 AM
Consumer attitudes toward housing appear
to have stabilized, largely unchanged over the last few months but at levels markedly
higher than last year...
Mon, Sep 10 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
After opening in slightly weaker territory, MBS moved back into the green to the tune of 2-3 ticks in...
Mon, Sep 10 2012, 10:11 AM
The Securities Industry and Financial
Markets Association ( SIFMA ) joined by 25 other trade associations has fired
another salvo in the mortgage em...
Mon, Sep 10 2012, 10:03 AM
One of Coke's slogans several years ago was, "Always
Coca-Cola." Unfortunately for SunTrust, who invested in the company almost
a hundred years ago,...
Mon, Sep 10 2012, 8:14 AM
On August 24th, we shifted our attention, for the most part, to the first two weeks of September as an action-packed and informative period of major c...
Mon, Sep 10 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Stocks sold off roughly 10 points from their highs of the day and the "risk-off" environment ben...
Mon, Sep 10 2012, 3:06 PM
Delinquencies declined 1.6 percent from June to July
resulting in a mortgage loan delinquency rate of 7.03 percent. At the same time the pre-sale fo...
Mon, Sep 10 2012, 2:52 PM
Mortgage rates are somewhat higher to begin the week, continuing a bounce back from better levels seen immediately after Friday's weak employment re...
Mon, Sep 10 2012, 2:51 PM
A net total of 19 housing markets were added to the National
Association of Home Builders/First American Improving Market Index in
September, brin...
Fri, Sep 7 2012, 12:02 PM
MBS Live : MBS Morning Market Summary
MBS and Treasuries' cups runneth over... Or perhaps their cups are leaking a bit after the headier m...
Fri, Sep 7 2012, 11:42 AM
In 1970, Marian McQuade began a campaign to establish a day to honor
grandparents which finally paid off in 1978 when President Jimmy Carter signed
...
Fri, Sep 7 2012, 11:15 AM
Researchers for the Federal Reserve Bank of Boston have
taken a fresh look at the impact of foreclosures on the price of other homes in
a neighbor...
Fri, Sep 7 2012, 7:50 AM
As far as NFP 's go (the " nonfarm payrolls " component of the Employment Situation Report ), today's is a big one for several reasons. Befor...
Fri, Sep 7 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
How Green Was My Rally? Apparently not as green as it was... This morning's gains took MBS into u...
Fri, Sep 7 2012, 1:59 PM
The Home Affordable Refinance Program
( HARP ) hit what its sponsoring agency considered a milestone in July, with a
total of 519,000 loans refin...
Fri, Sep 7 2012, 1:41 PM
Mortgage rates moved strongly lower today regaining the territory lost after yesterday's disconcerting move higher. On average, this leaves rates a...
Thu, Sep 6 2012, 11:49 AM
I'll be standing in line Saturday in Austin, TX to enter the UT
football game. For something non-mortgage related, but interesting from a human
natu...
Thu, Sep 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
ECB Pres Mario Draghi generally delivered on what had been well-telegraphed policy changes in t...
Thu, Sep 6 2012, 11:00 AM
The American Bankers Association (ABA)
has reminded its members and others in the industry that the next few months
are critical to lenders becaus...
Thu, Sep 6 2012, 7:53 AM
In case you missed it, the ECB has been doing everything it can to telegraph today's policy changes. This began as early as late July's " London spee...
Thu, Sep 6 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Despite the relatively larger movement in MBS prices today, the underlying market events weren't al...
Thu, Sep 6 2012, 1:55 PM
Mortgage rates moved noticeably higher today after a better-than-expected report on private payrolls suggested that tomorrow's all-important Employm...
Wed, Sep 5 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
As we've seen so many times since the onset of Operation Twist, the daily scheduled Fed buying has ...
Wed, Sep 5 2012, 10:40 AM
Yes, most kids are back to school. How many is that? The Census Bureau
reports that there are about 80 million
children and adults enrolled in scho...
Wed, Sep 5 2012, 8:23 AM
Mortgage applications declined again
during the week ended August 31, down 2.5 percent on a seasonally adjusted
basis from a week earlier. The Mor...
Wed, Sep 5 2012, 7:14 AM
Tuesday proved to be an interesting post-Labor Day Tuesday as bond markets ended the day fairly close to Friday's levels. Additionally, Treasuries ...
Wed, Sep 5 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
No matter how many times and how vigorously we shake the magic 8-ball, it continues offering the mo...
Wed, Sep 5 2012, 3:20 PM
Mortgage rates moved very slightly higher today and in some cases, were unchanged. This keeps average rates in the same territory as last Friday an...
Wed, Sep 5 2012, 3:17 PM
Loan modifications through the HOPE NOW
program increased dramatically in July, soaring 43 percent from the number of
completed modifications in J...
Tue, Sep 4 2012, 12:15 PM
The National Association of Realtors® (NAR)
said that Realtors are expressing less confidence about overall
market conditions, buyer and seller traf...
Tue, Sep 4 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
Bond markets opened in weaker territory this morning after ECB Pres Mario Draghi was quoted as saying ...
Tue, Sep 4 2012, 11:08 AM
Yes, it's Tuesday already - and football season. Wasn't it just Memorial
Day? Here's a quick one told to me by a college football referee in Ohio:
"...
Tue, Sep 4 2012, 10:13 PM
MBS Live : MBS Afternoon Market Summary
Markets were still shaking off some of the extended weekend today as volume was relatively low fo...
Tue, Sep 4 2012, 10:12 AM
Home prices in
the U.S. enjoyed the largest annual increase in July that they had in six
years, increasing 3.8 percent from prices in July 2011. ...
Tue, Sep 4 2012, 7:48 AM
The first week of September is here, and with it, the first salvo of the "big ticket events" that we've been waiting for since the rally that follow...
Tue, Sep 4 2012, 4:07 PM
Construction spending was $834.39 billion in July compared
to $842.22 billion in June and $763.47 in July 2011, a decrease of 0.9 percent
from the ...
Tue, Sep 4 2012, 3:12 PM
Mortgage rates were completely unchanged today despite the 3-day Labor Day weekend. Historically, there has been a fair amount of volatility betwee...
Tue, Sep 4 2012, 2:59 PM
Freddie Mac has authorized its mortgage servicers to
extend all of the company's mortgage relief options to its borrowers along the
Gulf Coast affec...
Fri, Aug 31 2012, 11:36 AM
Fannie Mae reduced its Gross Mortgage
Portfolio by $5.86 billion during July to $667 billion and is reducing that
portfolio at a compound annualiz...
Fri, Aug 31 2012, 11:23 AM
Fannie Mae and Freddie Mac's guarantee
fees (g-fees) on single-family mortgages are about to go up by an average of 10
basis points. The increa...
Fri, Aug 31 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
After some morning weakness, bond markets were able to get back to relative flatness heading into B...
Fri, Aug 31 2012, 8:18 AM
The lead-off analogy is one that we've used many times to relate a relatively simple market phenomenon, just as the primary subject material is a re...
Fri, Aug 31 2012, 5:01 PM
Mortgage rates moved slightly lower today reaching their best levels since early in the month after a speech from Fed President Bernanke in Jackson ...
Fri, Aug 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
Today's tricky because the obvious focus had been Bernanke's Jackson Hole speech . So seeing a su...
Thu, Aug 30 2012, 11:50 AM
Mortgage bankers saw
their profits surge during the second quarter of 2012, increasing from $1,654 on
each loan originated in the first quarter of...
Thu, Aug 30 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Lowest 10yr yield on 8/28 was 1.6147... Given that we generally characterize the current week as fl...
Thu, Aug 30 2012, 10:18 AM
I can't walk by a magazine stand in a grocery store or an airport without
seeing a bunch of folks on the covers who are either in better shape than I...
Thu, Aug 30 2012, 8:35 AM
Foreclosed and pre-foreclosed homes
maintained their position as the source of over a fifth of U.S. home sales in
the second quarter of 2012. Twe...
Thu, Aug 30 2012, 7:25 AM
Bond markets continued to give the impression that they're not eager to commit to any prolonged directional moves ahead of the series of events most...
