Wed, Jul 11 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
It's interesting and perhaps a bit frustrating that a day with so
much potential to motivate markets...
Wed, Jul 11 2012, 3:31 PM
Mortgage Rates continued lower today, marking the FOURTH consecutive day at new all-time lows. Once again, rates markets continued to benefit from...
Wed, Jul 11 2012, 3:13 PM
The House Financial Services
subcommittee on Financial Institutions and Consumer Credit held a hearing on
Wednesday entitled " The Impact of Dodd-Fr...
Tue, Jul 10 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
It's a bit counterintuitive to think that MBS hitting all-time highs can occur in an "uneventful" ...
Tue, Jul 10 2012, 8:27 AM
An argument could have easily been made yesterday morning that bond markets should have weakened a bit ahead of the upcoming auction cycle and in the ...
Tue, Jul 10 2012, 5:49 PM
I received a note yesterday from the CEO of a mid-sized lender.
"Rob, I have begun thinking that the
CFPB is the best thing that ever happened to m...
Tue, Jul 10 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
In more ways than one, Tuesday has turned out to be a carbon copy of Monday. Once again we have MB...
Tue, Jul 10 2012, 2:51 PM
Mortgage Rates continued lower today, marking the third consecutive day at new all-time lows. Broader Bond Markets continued to benefit from a gen...
Tue, Jul 10 2012, 2:23 PM
The Mortgage Bankers Association ( MBA ) joined by 15 other trade
associations has sent a letter to the Consumer Financial Protection Bureau suppor...
Mon, Jul 9 2012, 12:55 PM
On Friday the Home Affordable
Modification Program (HAMP) reported that 17,590 loans were converted to
permanent modifications during May. Today
t...
Mon, Jul 9 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
With essentially nothing on tap for the first two days of the week with the exception of more of the ...
Mon, Jul 9 2012, 11:06 AM
The National Association of Realtors® ( NAR ) Strategic Issues Workgroup
held a series of structured discussions last February with brokers, sales
...
Mon, Jul 9 2012, 10:50 AM
Welcome back to work! I'll skip the story that the press seems excited
about (a Massachusetts man paying his mortgage off in pennies), and the news
...
Mon, Jul 9 2012, 8:16 AM
The week begins with Europe in focus as ECB President Mario Draghi testifies before the European Parliament to explain current policy in the wake of l...
Mon, Jul 9 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
One day before July Fannie/Freddie 30yr Fixed MBS are retired, production coupons hit new all time...
Mon, Jul 9 2012, 3:30 PM
The Consumer Financial Protection Bureau
( CFPB ) is rolling out two new mortgage disclosure forms for review and comment. The forms, one a loan e...
Mon, Jul 9 2012, 2:18 PM
Mortgage Rates continued lower today after hitting new all-time lows on Friday's weaker-than-expected Jobs report. Apart from simply being an exte...
Mon, Jul 9 2012, 1:06 PM
Americans currently appear to be
more optimistic about the housing market than they are about the economy in
general. Fannie Mae's June 2012 Natio...
Fri, Jul 6 2012, 11:19 AM
MBS L ive : MBS Morning Market Summary
Naturally, bond markets popped quickly into stronger territory following the worse-than-expected ...
Fri, Jul 6 2012, 9:26 AM
A senior citizen goes to the doctor. After running some tests, the doctor
says, "I have bad and even worse news, you have cancer and
Alzheimer's." T...
Fri, Jul 6 2012, 8:10 AM
There were some decent clues in yesterday's session as to how various outcomes of today's Employment Situation Report will motivate trade. The bigges...
Fri, Jul 6 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Apart from the NFP miss in the morning, little else transpired today. There was a good bounce high...
Fri, Jul 6 2012, 3:52 PM
The June
Housing Scorecard, a joint publication of the U.S. Departments of Housing and
Urban Development (HUD) and Treasury, was released this after...
Fri, Jul 6 2012, 2:33 PM
Mortgage Rates fell to new all-time lows today after a weaker-than-expected Employment Situation Report. To some extent, markets were geared up fo...
Thu, Jul 5 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
MBS, like Treasuries, began the day in stronger territory, about 7 ticks higher than Tuesday's latest lev...
Thu, Jul 5 2012, 10:32 AM
This is 70 seconds of "head shaking, jaw dropping," why one
should never bet on cards .
Many of us enjoyed a little BBQ grub yesterday. For the...
Thu, Jul 5 2012, 9:34 AM
The Mortgage Composite Index, a measure of loan application
volume, was down 6.7 percent on a seasonally adjusted basis and 6.6 percent
unadjusted...
Thu, Jul 5 2012, 8:25 AM
After being closed for Independence Day yesterday, markets return to a packed schedule of economic data this morning including the week's first major ...
Thu, Jul 5 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
In considering the "stormy morning" referenced in the title of today's recap, it's important to kee...
Thu, Jul 5 2012, 3:02 PM
Mortgage Rates were modestly higher in most cases today, although some lenders were actually improved from Tuesday's offerings. For most lenders a...
Thu, Jul 5 2012, 2:45 PM
The Office of Comptroller of the Currency has issued a
spring 2012 Semiannual Risk Perspective covering
national banks and federal savings assoc...
Thu, Jul 5 2012, 2:20 PM
The House Oversight and Government
Reform Committee issued a report today on Countrywide Mortgage and its so-called
VIP loan program which the commi...
Tue, Jul 3 2012, 12:09 PM
Tomorrow, on your day off, here is 3 ½ minutes of a few very clever
creative bets that you can win.
Speaking of clever, a veteran male trader at...
Tue, Jul 3 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
The stock market is leading the charge higher for the "risk-on" trade. This normally puts some pressure on...
Tue, Jul 3 2012, 10:22 AM
The first round of winners has been
selected to purchase foreclosed real estate from Freddie Mac and Fannie
Mae. The Federal Housing Finance Agen...
Tue, Jul 3 2012, 7:33 AM
The first day of the week and month served up a timely reminder about the importance of domestic economic data in what might otherwise seem to be a ma...
Tue, Jul 3 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Today was one of those trading sessions that had a more "incidental" feel to it, or perhaps it woul...
Tue, Jul 3 2012, 3:36 PM
One of my favorite movies during the July 4th holiday is The Patriot. The sacrifices Benjamin Martin and many others make to win a chance at freedom a...
Tue, Jul 3 2012, 1:16 PM
Mortgage Rates were roughly unchanged today, essentially fighting broader bond market weakness in order to remain in all-time low territory. With ...
Mon, Jul 2 2012, 11:51 AM
On July 4th in 1776, the Declaration of Independence was approved by the
Continental Congress, setting the 13 colonies on the road to freedom as a
s...
Mon, Jul 2 2012, 11:12 AM
MBS Live : MBS Morning Market Summary
The big story of the morning is the ugly ISM Manufacturing numbers. At 49.7, today's ISM Purchasing ...
Mon, Jul 2 2012, 10:29 AM
Slightly more than a month after it confirmed
he was leaving his post as President and CEO, the Mortgage Bankers Association
( MBA ) announced that ...
Mon, Jul 2 2012, 10:09 AM
Home prices were up for the third
consecutive month in May as measured by CoreLogic's Home Price Index
(HPI.) The three months of increases were
...
Mon, Jul 2 2012, 8:11 AM
The week ahead is fairly straightforward in that there are no EU Summits, no major European elections, no Fed Policy decisions, and nothing else major...
Mon, Jul 2 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Although MBS and Treasuries began the day in slightly better territory, the bulk of the gains were ...
Mon, Jul 2 2012, 2:25 PM
Mortgage Rates improved moderately today bringing them just barely into new all-time low territory. Some lenders released 2nd and even 3rd rate sh...
Fri, Jun 29 2012, 12:22 PM
The Board of Supervisors in the California county of San Bernardino has,
perhaps unintentionally, picked a fight with some of the giants of the real
...
Fri, Jun 29 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
Bond markets opened up moderately weaker and moved to what could be considered significantly weaker territo...
Fri, Jun 29 2012, 11:07 AM
There were 63,000 completed foreclosures in May, about 1,000 more than were completed in April according to the National Foreclosure Report issued t...
Fri, Jun 29 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
After the June 20 th FOMC Announcement failed to coax bond markets out of their horizontal range...
