Mon, Feb 27 2012, 10:57 AM
Consumer complaints have triggered
yet another legal problem for Bank of America.
The Department of Housing and Urban Development announced on Mond...
Mon, Feb 27 2012, 10:37 AM
Pending
home sales in January reached a level last seen at the height of the homebuyer
tax credit bubble nearly two years ago according to informati...
Mon, Feb 27 2012, 10:33 AM
Flagstar
Bancorp, parent company of Flagstar Bank has settled claims with the Department
of Justice over some of its underwriting practices as an FH...
Mon, Feb 27 2012, 9:07 AM
When
asked, most people would not want to know the exact date of their death. But an
idea of how an insurance company gauges and calculates your lif...
Mon, Feb 27 2012, 4:17 PM
MBS Live : MBS RECAP
Open MBS Live Dashboard
FNMA 3.5
...
Mon, Feb 27 2012, 3:41 PM
Investors who have prequalified to
purchase lender owned real estate (REO) under a program unveiled February 1 by
the Federal Housing Finance Agency...
Mon, Feb 27 2012, 2:53 PM
Mortgages Rates
finished out the previous week in positive fashion, logging three straight days of minor improvements after beginning the week poor...
Sun, Feb 26 2012, 8:53 AM
Up in
Georgia, Central Bank of Georgia was closed by the Georgia Department of
Banking and Finance, which appointed the FDIC as receiver, which in t...
Fri, Feb 24 2012, 12:43 AM
In terms of economic data, the day kicks off with the more important
of the two reports offered: Consumer Sentiment at 9:55am. The forecast
calls...
Fri, Feb 24 2012, 11:57 AM
Multi-family rentals are leading the
recovery in the commercial real estate market, becoming what the National
Association of Realtors® (NAR) calls ...
Fri, Feb 24 2012, 11:55 AM
New home sales in January were at a seasonally adjusted
annual rate of 321,000, a decrease of 0.9 percent from the upwardly revised December
rate o...
Fri, Feb 24 2012, 11:17 AM
MBS Live : MBS MID-DAY
Open MBS Live Dashboard
FNMA 3.5
...
Fri, Feb 24 2012, 9:58 AM
"First
wash all the cars, then wax."
"Why do I have to..."
"Remember deal. No questions."
"Yeah, but..."
"Wax on right hand. Wax off left han...
Fri, Feb 24 2012, 9:08 AM
Bank of America, Corp will stop selling new mortgages to Fannie
Mae as the result of a dispute over the way Fannie Mae is handling repurchases.
I...
Fri, Feb 24 2012, 4:17 PM
MBS Live : MBS RECAP
Open MBS Live Dashboard
FNMA 3.5
...
Fri, Feb 24 2012, 3:44 PM
After beginning the week in significantly worse shape, Mortgages Rates finish the week having fought back in small increments against that weakness ...
Fri, Feb 24 2012, 1:16 PM
So far, today has been a serious snoozer for bond markets. Volume is low and volatility is all but absent as 10yr notes and production MBS continue...
Thu, Feb 23 2012, 12:00 AM
Wednesday ended on a positive note for Mortgage-Backed Securities and Treasuries after uneventful economic data in the morning, a reasonable 5yr Note ...
Thu, Feb 23 2012, 11:59 AM
Money is
money, right? If Congress can place a " mortgage tax " in the form of higher
g-fees, and use the money to help cover a payroll tax waiver e...
Thu, Feb 23 2012, 11:17 AM
MBS Live : MBS MID-DAY
Open MBS Live Dashboard
FNMA 3.5
...
Thu, Feb 23 2012, 10:33 AM
This morning's release of weekly Jobless Claims data turned out to be a relative non-event as the 351k claims perfectly matched last week's numbers (r...
Thu, Feb 23 2012, 10:17 AM
Another next major marker in the
convoluted foreclosure landscape will probably come in the next few weeks when the
Massachusetts Supreme Judicial...
Thu, Feb 23 2012, 7:27 PM
Previously we discussed the technical factor convexity .
Another set of technical factors that impact secondary managers are in
the dollar roll ...
Thu, Feb 23 2012, 7:23 PM
In a few recent columns, we’ve talked about duration and convexity in the context of changing market prices. They are some of the most misunderst...
Thu, Feb 23 2012, 4:17 PM
MBS Live : MBS RECAP
Open MBS Live Dashboard
FNMA 3.5
...
Thu, Feb 23 2012, 4:01 PM
Radar Logic's RPX Composite price for 2011 reached its
lowest point in December since the housing crisis began. The Composite, which tracks housing ...
Thu, Feb 23 2012, 3:46 PM
Mortgages Rates
continued to improve at a slow and steady pace. After rising somewhat abruptly into the end of last week and beginning of the curr...
Thu, Feb 23 2012, 2:00 PM
While the Federal Housing Finance Agency's
( FHFA ) purchase only House Price Index (HPI) was down slightly in the fourth
quarter, data for Decemb...
Wed, Feb 22 2012, 12:26 PM
There was more good news from the
National Association of Realtors® (NAR) on Wednesday as they reported that the
sales of existing homes rose in Jan...
Wed, Feb 22 2012, 11:39 AM
For the second time in just under a
month the Mortgage Electronic Registration System ( MERS ) has won a significant
court victory. The company whi...
Wed, Feb 22 2012, 11:36 AM
Both before and after they were placed into conservatorship
the two government sponsored enterprises Fannie Mae and Freddie Mac (the
Enterprises) s...
Wed, Feb 22 2012, 11:20 AM
MBS Live : MBS MID-DAY
Open MBS Live Dashboard
FNMA 3.5
...
Wed, Feb 22 2012, 10:20 AM
Under the
title, "Too much time on one's hands", anyone involved in the
residential construction/remodeling business might find this, uh, interesti...
Wed, Feb 22 2012, 8:52 AM
Mortgage
applications decreased during the week ended February 17 according to the
Weekly Mortgage Applications Survey released this morning by the...
Wed, Feb 22 2012, 4:16 PM
MBS Live : MBS RECAP
Open MBS Live Dashboard
FNMA 3.5
...
Wed, Feb 22 2012, 4:07 PM
Yesterday marked the first time since late January that Best-Execution Mortgages Rates
stood at 4.0% on average, as opposed to what had been the p...
Wed, Feb 22 2012, 3:40 PM
In the February Economic Outlook from
Freddie Mac's Office of the Chief Economist is projecting a slow, steady path
to recovery as the economy, it...
Wed, Feb 22 2012, 1:56 PM
From a technical standpoint, the past few sessions have been a fairly gloomy scene for MBS and Treasuries--our two representatives from those camps be...
Wed, Feb 22 2012, 1:46 AM
As readers may be aware, we're rather fond of being close to utterly
dismissive of 2yr Treasury Note Auctions as significant market moving
events ...
Tue, Feb 21 2012, 11:20 AM
MBS Live : MBS MID-DAY
Open MBS Live Dashboard
FNMA 3.5
...
Tue, Feb 21 2012, 11:12 AM
In its Monthly Mortgage Monitor Report Lender
Processing Services (LPS) will report that the national delinquency rate , loans
that are 30 days or ...
Tue, Feb 21 2012, 10:42 AM
After four straight months of increases The S&P/Experian
Consumer Credit Default Indices fell in January as did the four loans types
that make up ...
Tue, Feb 21 2012, 10:38 AM
Welcome to
Fat Tuesday, or Mardi Gras, a rowdy day of hedonism where shipping departments
across the nation have great parties and throw bead neckla...
Tue, Feb 21 2012, 8:21 AM
Bond markets are slightly weaker from Friday's latest levels as the Greek bailout that has been the markets focal point for several weeks, was technic...
Tue, Feb 21 2012, 4:20 PM
MBS Live : MBS RECAP
Open MBS Live Dashboard
FNMA 3.5
...
Tue, Feb 21 2012, 3:31 PM
For the first time since late January, Best-Execution Mortgages Rates moved back to 4.0%. Over the past month, the rate averaged 3.875% despite ple...
Tue, Feb 21 2012, 2:07 PM
The Federal Housing Finance Agency
(FHFA) said Tuesday that, with its conservatorship of Fannie Mae and Freddie
Mac (the Enterprises) now in operati...
Tue, Feb 21 2012, 1:47 PM
It's getting to be fairly popular to dismiss the ongoing efforts to stave off a default in Greece as "can-kicking," etc. We're guilty of this, but re...
Mon, Feb 20 2012, 7:35 PM
Out in
Northern California the weather is generally good, and Triserv Appraisal Management Solutions is searching for a Regional
Sales Executive f...
Fri, Feb 17 2012, 12:47 AM
Stronger than expected employment data, via weekly Jobless Claims
printing 348k versus a 365k consensus, combined with a poorly received
30yr TIPS...
