Wed, Jun 13 2012, 3:40 PM
Mortgage Rates were unchanged to slightly higher today , but several lenders released improved rate sheets in the afternoon bringing them closer in ...
Wed, Jun 13 2012, 3:29 PM
As required under the Housing and
Economic Recovery Act (HERA), the director of The Federal Housing Finance
Agency (FHFA) submitted the agency's an...
Tue, Jun 12 2012, 12:38 PM
Three of the groups that most heavily
invest in commercial and multifamily mortgages increased their outstanding
balance of such debt in the first q...
Tue, Jun 12 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
Bad, Worse, Worst... That's how we'd characterize today's price action in MBS, Treasuries, and German Bu...
Tue, Jun 12 2012, 11:03 AM
Tonight the NBA finals start, just in time, or so it seems, for the NBA
basketball season to start all over again. But here's some aerobatic basketb...
Tue, Jun 12 2012, 7:27 AM
Monday's economic calendar was completely blank, leaving markets to do what they likely would have done anyway, which was to trade the Spanish bailout...
Tue, Jun 12 2012, 4:41 PM
MBS Live : MBS Afternoon Market Summary
Today had a very "weird" feel to it, for lack of a better term. A lot of the price action, in Trea...
Tue, Jun 12 2012, 3:07 PM
Mortgage Rates moved slightly higher again today , but the amount of the change from lender to lender depends on whether or not they released a nega...
Mon, Jun 11 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
Risk markets loved the news of the weekend Spanish bailout in the first few, low volume hours of the ...
Mon, Jun 11 2012, 10:29 AM
Here in Arizona, at the Arizona Mortgage Lenders Association conference,
it is clear that mortgage origination and pricing is a numbers game. Many ar...
Mon, Jun 11 2012, 7:57 AM
Bond markets are off to a significantly weaker start in Asian trading hours after Eurozone officials held a scheduled conference call on Saturday to d...
Mon, Jun 11 2012, 5:22 PM
Bank of America (BOA) has settled
accusations by the Department of Housing and Urban Development (HUD) that one
of its California branches had disc...
Mon, Jun 11 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
After the first few hours of global trading this morning, we observed the 10yr yields trading in th...
Mon, Jun 11 2012, 3:25 PM
Mortgage Rates held steady to slightly weaker today , though some lenders recalled rate sheets in the afternoon as bond markets improved. That help...
Fri, Jun 8 2012, 11:32 AM
Mortgage Guaranty
Insurance Corporation (MGIC) the nation's largest private mortgage insurance
company, issued its Operational Summary for the month...
Fri, Jun 8 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries came into today's domestic session in relatively stronger territory thanks to Euro...
Fri, Jun 8 2012, 9:22 AM
Unfortunately
for borrowers, and rate sheet pricing, the
Fed voted "full speed ahead" for Basel III . "Mortgage
servicing rights (MSR), for instan...
Fri, Jun 8 2012, 7:03 AM
Each of Friday's scheduled events ostensibly have less market moving potency than yesterday's Bernanke testimony. We can't really confirm that po...
Fri, Jun 8 2012, 5:27 PM
Acting
Federal Housing Finance Agency (FHA) Commissioner Carol Galante and Housing and
Urban Development (HUD) Secretary Shawn Donovan announced lat...
Fri, Jun 8 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
The day began well for bond markets for reasons that often lead to bonds doing well, namely that
...
Fri, Jun 8 2012, 3:33 PM
The Federal Housing Finance Agency (FHA)
is expected to announce before the close of business today a new bulk sale
program to liquidate some of t...
Fri, Jun 8 2012, 2:03 PM
Mortgage Rates continued to improve today , though some lenders recalled rate sheets in the afternoon as bond markets moved higher in yield. Even s...
Thu, Jun 7 2012, 12:13 AM
A bit of a break from the recent norm today as the primary market-moving event is relatively clear and actually occurs during the domestic session. T...
Thu, Jun 7 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
We've reached the focal point of the day in the form of the question and answer session from Bernanke...
Thu, Jun 7 2012, 10:41 AM
The Federal Reserve Bank of New York
recently released a paper that looked at the impact of HARP revisions on loan
defaults and pricing . The pape...
Thu, Jun 7 2012, 9:22 AM
Kids - Father's Day is coming up! The idea of
Father's Day was conceived in 1909 by Sonora Dodd of Spokane, WA, while she
listened to a Mother's D...
Thu, Jun 7 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Markets pretty much got no more and no less than they expected from the Fed Chairman today, and trading ...
Thu, Jun 7 2012, 3:11 PM
Representatives of both the Mortgage
Bankers Association ( MBA ) and the National Association of Home Builders ( NAHB )
testified before the House C...
Thu, Jun 7 2012, 3:07 PM
Mortgage Rates erased yesterday's losses today, moving lower to fall in line with Tuesday's levels. This ends a rather abrupt 3-day rise from the ...
Wed, Jun 6 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
As can be seen in the alerts below, bond markets initially improved during ECB Pres Mario Draghi's pr...
Wed, Jun 6 2012, 11:20 AM
Today is
June 6th, and 68 years ago the most famous D-Day took place on the shores of
Normandy. (D-Day, by the way, is a variable used in planning, ...
Wed, Jun 6 2012, 9:42 AM
Applications for refinancing bounced
back slightly during the week ended June 1, buoying overall application
volume. The seasonally adjusted Weekly...
Wed, Jun 6 2012, 8:23 AM
While the day ahead does indeed include a greater number of Fed speakers--all of whom are FOMC voters and speaking mostly during open market hours (y'...
Wed, Jun 6 2012, 4:40 PM
The number of companies, mortgages, and
individual loan officers (MLOs) licensed through the Nationwide Mortgage Licensing
System (NMLS) continues...
Wed, Jun 6 2012, 4:40 PM
MBS Live : MBS Afternoon Market Summary
Despite a hefty dose of volatility, it could be worse for MBS... They could have been Treasuries to...
Wed, Jun 6 2012, 3:21 PM
Mortgage Rates moved higher again today , capping a 3 day run into significantly weaker territory. While noticeably higher over that time, Friday's...
Wed, Jun 6 2012, 3:19 PM
The May
edition of the Obama administration's Housing Scorecard released today by the
U.S. Departments of Housing and Urban Development
(HUD) an...
Wed, Jun 6 2012, 2:31 PM
The impressive rally in the bond markets has pushed the 10-year yield to all-time lows, and MBS prices to record high levels. Front-month prices of F...
Tue, Jun 5 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
It's a "tale of two pivots" so far today for MBS and Treasuries alike. 10's have bounced incessantly...
Tue, Jun 5 2012, 10:59 AM
CoreLogic is reporting that home prices , including sales of
distressed homes, increased on both a monthly and annual basis in April. The company...
Tue, Jun 5 2012, 10:35 AM
I've heard
that the "average" loan officer closes about 2 loans per month. (And
some companies ask, "If an agent closes less than that in this
envi...
Tue, Jun 5 2012, 10:20 AM
Trade industry groups like the National Association of Realtors® and National Association of Home Builders, private corporations and government agenci...
Tue, Jun 5 2012, 7:56 AM
Monday was relatively frustrating in the sense that MBS markets were moving--mostly down--and without the normal level of correlation to news/data and...
Tue, Jun 5 2012, 5:18 PM
Fannie Mae has elevated one of its own into
the role of president and chief executive officer. The Fannie Mae board
of directors announced
the ap...
Tue, Jun 5 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
With the exception of some late-day, low volume leakage in Treasuries, both they and MBS put in the...
Tue, Jun 5 2012, 3:58 PM
Mortgage Rates continued upward today , this time at a slightly faster pace than yesterday. That said, the day-over-day change would have much to d...
Tue, Jun 5 2012, 2:46 PM
The Community Mortgage Lenders of
America (CMLA) is urging policy makers to consider retaining the positive aspects
of Fannie Mae and Freddie Mac...
Tue, Jun 5 2012, 2:03 PM
The Mortgage Bankers Association said today that commercial
and multi-family delinquencies for most of the investor groups it tracks
declined duri...
Mon, Jun 4 2012, 12:46 PM
Headlines promulgating JP Morgan Chase’s recent transgressions reveal capricious trading practices, resulting in record-breaking losses to the institu...
Mon, Jun 4 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
Bond markets opened in relatively weaker territory, but have been chopping around in a mostly sideways, but...
