Fri, Jun 29 2012, 2:51 PM
Mortgage Rates moved slightly higher today but only erased a portion of yesterday's improvement. That leaves the Conventional 30yr Fixed Best-Exec...
Thu, Jun 28 2012, 12:27 PM
Among those testifying at a hearing of the House Committee on Financial Oversight's subcommittee on
Insurance, Housing, and Community Opportunity wer...
Thu, Jun 28 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
The title basically covers it... We've definitely seen an uptick in volume today, not necessarily in...
Thu, Jun 28 2012, 10:27 AM
The Office of the Inspector General
( OIG ) of the Federal Housing Finance Agency ( FHFA ) issued a report this morning
that was mildly critical of...
Thu, Jun 28 2012, 9:19 AM
Remember that scene in Apollo 13 when it dawns on the astronauts that
NASA doesn't know how to get them back? Regarding our economy, one can imagine
...
Thu, Jun 28 2012, 7:49 AM
Yesterday, we surmised that markets had bigger fish to fry than meager Pending Home Sales and Durable Goods reports or even the afternoon's 5yr Auctio...
Thu, Jun 28 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
Bond markets made their move today... The trend of convergence and consolidation on bond markets that...
Thu, Jun 28 2012, 2:43 PM
Mortgage Rates moved slightly lower today but it was enough to officially hit new all-time lows. Some perspective is in order though. Certain len...
Thu, Jun 28 2012, 2:40 PM
The Office of Comptroller of the Currency
(OCC) recently completed its 18 th annual " Survey of Credit
Underwriting Practices ." The survey seeks t...
Wed, Jun 27 2012, 11:14 AM
MBS Live : MBS Morning Market Summary
Bond markets are every bit as reliable as the USPS slogan today in their determination to avoid rock...
Wed, Jun 27 2012, 11:11 AM
Pending home sales in May bounced
back to match March numbers which were the highest seen in two years. The
improvement was broad-based, affecting ...
Wed, Jun 27 2012, 10:14 AM
I have been subtly warning groups during speeches, and writing in this commentary, about the implications of Basel III. Most of the focus is on servic...
Wed, Jun 27 2012, 9:45 AM
Mortgage
application volume as measured by the Mortgage Bankers Association's (MBA) Market
Composite Index fell 7.1 percent during the week ended J...
Wed, Jun 27 2012, 8:00 AM
Bond markets moved modestly weaker yesterday, helped along mostly by a technical 'unwillingness' for benchmark 10yr Treasuries to venture under 1.60 o...
Wed, Jun 27 2012, 4:14 PM
MBS Live : MBS Afternoon Market Summary
Earlier this morning, bond markets were under fire as MBS and Treasuries were backed up to recently suppo...
Wed, Jun 27 2012, 2:43 PM
Mortgage Rates moved slightly higher today but remained well within a narrow range resting on all-time lows. Several lenders were actually unchang...
Wed, Jun 27 2012, 2:04 PM
Mortgage performance during the
first quarter of 2012 was the best in three years according to the Office of Comptroller
of the Currency's (OCC's) ...
Tue, Jun 26 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
It was an on-again off-again morning for markets as a "risk-on" tone--at least to a small degree--coa...
Tue, Jun 26 2012, 10:28 AM
A Florida loan officer has been
sentenced to four-and-a-half years in prison and ordered to pay $9.2 million in
restitution to the Department of...
Tue, Jun 26 2012, 10:23 AM
For the first time in eight months the S&P/Case-Shiller
Home Price Indices rose over levels of the previous month. Data through April 2012 showed th...
Tue, Jun 26 2012, 8:54 AM
President Obama just played his 100th round of golf since being elected
President. In 4 years he has gone through more white tees than the cast of Je...
Tue, Jun 26 2012, 7:02 AM
The first day of the week got off to an exceedingly uneventful start, albeit a positive one for bond markets. Summit-weary markets stashed cash rathe...
Tue, Jun 26 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
On the standard issue 2-day charts, MBS and Treasuries look to have experienced a rather volatile d...
Tue, Jun 26 2012, 3:23 PM
Suspicious Activity Reports (SARs) related
to suspected mortgage loan fraud (MLF) filed by depository institutions decreased
sharply in the first q...
Tue, Jun 26 2012, 2:39 PM
Mortgage Rates held completely steady today keeping them in line with all time lows. The stability in the mortgage market comes despite a decent a...
Tue, Jun 26 2012, 2:20 PM
A recent article in Public Finance Review reports on a study of the impact of the
federal mortgage interest deduction (MID) not on homebuyer beha...
Mon, Jun 25 2012, 11:21 AM
Sales of new single-family homes increased to a seasonally
adjusted annual rate of 369,000 in May from a rate of 343,000 in April
according to figu...
Mon, Jun 25 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
It's been a tremendously uneventful morning so far following a tremendously uneventful overnight sess...
Mon, Jun 25 2012, 9:07 AM
The political climate is heating up. Jokes that we were able to tell on
the trading desk, regardless of political
affiliation , are flying around, ...
Mon, Jun 25 2012, 7:46 AM
Whereas last week was stone silent with the exception of big headline pops courtesy of the FOMC, the current week lacks any of those superstar perform...
Mon, Jun 25 2012, 4:42 PM
California's proposed Homeowner Bill
of Rights , originally proposed by the state's attorney general Kamala Harris
and covered here
has been modi...
Mon, Jun 25 2012, 4:14 PM
MBS Live : MBS Afternoon Market Summary
It took MBS a while to hit their highs of the day, but when they did-much like 10yr Treasuries--the...
Mon, Jun 25 2012, 3:16 PM
Mortgage Rates moved lower today as markets largely shied away from risk ahead of this week's meeting of European leaders to discuss the Euro-zone ...
Mon, Jun 25 2012, 2:17 PM
The American Enterprise Institute's
(AEI) FHA Watch , a monthly on-line
publication tracking operations of the housing agency, just released its si...
Fri, Jun 22 2012, 11:38 AM
Representatives of the Mortgage Bankers
Association (MBA), and the American Bankers Association (ABA) told the House
Financial Services Subcommittee...
Fri, Jun 22 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
For what seems like the first time in a long time, Treasuries are the noticeable underperformer today in th...
Fri, Jun 22 2012, 10:42 AM
Want some good news? My grades did not qualify me for admittance to Harvard
(that is not the good news), but that institution put out good research
...
Fri, Jun 22 2012, 8:21 AM
Markets spent the day bouncing back from post-FOMC trading levels to pre-FOMC trading levels yesterday, but encountered well-defined resistance to fur...
Fri, Jun 22 2012, 5:20 PM
MBS Live : MBS Afternoon Market Summary
Afternoon trading was similar to morning trading for Treasuries, combining for an entire session of gradu...
Fri, Jun 22 2012, 1:38 PM
Mortgage Rates rose microscopically today as mortgage markets essentially moved sideways just off yesterday's slightly stronger levels, with little...
Thu, Jun 21 2012, 11:52 AM
Sales
of existing homes fell in May, but that decline may have been due to a lack of
available homes rather than a lack of demand.
According to t...
Thu, Jun 21 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
Yesterday may have been disconcerting for some MBS market watchers in the sense that recently attained and ...
Thu, Jun 21 2012, 10:39 AM
Mortgage rates are low.
But volume is a problem.
Raise our margins now!
(See Miss Hickox? Your 7th grade haiku section really paid off!) ...
Thu, Jun 21 2012, 10:24 AM
A new study has found that consumers
who received mortgage modifications outperformed those who did not on new
consumer loans they opened after th...
Thu, Jun 21 2012, 7:35 AM
Just like the last major policy communication from the Fed, yesterday's FOMC Announcement served not so much to "change the game" but instead to more ...
Thu, Jun 21 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Whether you want to chalk it up to the European markets dragging domestic markets down, vice vers...
Thu, Jun 21 2012, 2:21 PM
Mortgage Rates fell today as European markets, and to a lesser extent, domestic economic data, dragged bond market interest rates lower. Rates wer...
Thu, Jun 21 2012, 1:24 PM
Both Freddie Mac and Fannie Mae will be offering additional
consideration to military personnel who may be facing problems with their
mortgage d...
Thu, Jun 21 2012, 1:21 PM
House prices tacked on another increase
in April, bringing the annual increase to 3.0 percent according to the Federal
Housing Finance Agency's (FHF...
Wed, Jun 20 2012, 12:59 PM
The average
loan to value ratio of closed loans broke through 80 percent in May according
to the Origination Insight Report released today by El...
