Fri, Feb 17 2012, 11:20 AM
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Fri, Feb 17 2012, 10:57 AM
Yes, Wells
Fargo's CEO's was on CNBC this morning talking about the mortgage markets. Investor
news is rarely "headline grabbing," but also this mor...
Fri, Feb 17 2012, 9:46 AM
While housing is more affordable than ever for most
U.S. families, the lack of financing available to them continues to constrain
prospective homeb...
Fri, Feb 17 2012, 9:21 AM
Bond markets are trying to find their footing this morning after yesterday's weakness extended through the overnight session. News that the ECB may g...
Fri, Feb 17 2012, 4:20 PM
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Fri, Feb 17 2012, 2:25 PM
Mortgages Rates are higher for the 2nd day in a row. Unlike the movement we normally see, which limits itself to affecting closing costs as opposed ...
Thu, Feb 16 2012, 12:54 PM
RealtyTrac reported this morning that
foreclosure activity rose 3 percent in January as several states posted spikes
in one or more steps in the pr...
Thu, Feb 16 2012, 11:24 AM
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Thu, Feb 16 2012, 10:03 AM
Citizens
of the U.S. have well-documented accents, but do you ever wonder what
linguistics majors do when they graduate?
At certain
phases ...
Thu, Feb 16 2012, 7:37 AM
Relatively late in the domestic session yesterday, a few details finally
emerged from the conference call between Greece and the Eurogroup. They
...
Thu, Feb 16 2012, 4:15 PM
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Thu, Feb 16 2012, 2:55 PM
Mortgages Rates reversed a recent trend of gradual improvement, moving higher today after a better-than-expected read on employment from this morning...
Thu, Feb 16 2012, 1:35 PM
A lawsuit filed against CITIMORTGAGE,
INC, a subsidiary of CITIBANK, N.A. was filed in the U.S. District Court for Manhattan
on Wednesday and simult...
Thu, Feb 16 2012, 1:29 PM
MBS and Treasuries are having a rough day after a one-two punch from European headlines and a lousy 30yr TIPs auction. We'll start with the latter as...
Thu, Feb 16 2012, 1:26 PM
At a press
conference accompanying release of the results from its Fourth Quarter 2011 National
Delinquency Study (NDS) , the Mortgage Banker Assoc...
Thu, Feb 16 2012, 1:01 PM
Statistics on building permits and
housing starts increased slightly in January according to the U.S. Census
Bureau and the U.S. Department of H...
Wed, Feb 15 2012, 12:40 PM
The results from the monthly National
Association of Home Builders NAHB)/Wells Fargo Housing Market Index (HMI) rose
in February for the fifth conse...
Wed, Feb 15 2012, 11:55 AM
Homeowners who think they may have been
financially injured due to the actions of mortgage servicers during a
foreclosure have additional time to re...
Wed, Feb 15 2012, 11:50 AM
Yesterday we learned that the much-anticipated Eurogroup meeting to vote on Greece's second bailout had evolved into a mere conference call with sourc...
Wed, Feb 15 2012, 11:15 AM
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Wed, Feb 15 2012, 10:42 AM
As we see each week in the Mortgage
Bankers Association's application survey, few borrowers chose adjustable rate
mortgages when buying or financing...
Wed, Feb 15 2012, 9:52 AM
Two Brits
were playing chess. Liam said to John, "Hey, do you want to make this more
interesting?" John said, "Sure." So they stopped playing.
On...
Wed, Feb 15 2012, 9:36 AM
Applications for both home purchase and refinance
were essentially flat during the week ended February 10. The Mortgage Bankers Association's (MBA)
...
Wed, Feb 15 2012, 7:48 AM
MBS moved steadily higher for most of yesterday's session, while 10yr yields and stocks moved lower. MBS hit 103-29 in fannie 3.5's, which is a r...
Wed, Feb 15 2012, 4:16 PM
A lot of analysis that gets written will refer to "technical factors"
driving valuations. What this is referring to are situations where
unique...
Wed, Feb 15 2012, 4:15 PM
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Wed, Feb 15 2012, 3:08 PM
Mortgages Rates improved again today as domestic economic data failed to inspire markets to move in either direction and optimism over today's confer...
Tue, Feb 14 2012, 11:58 AM
TransUnion is reporting that serious
mortgage delinquencies rose during the fourth quarter of 2011 for only the
second time since the end of 2009....
Tue, Feb 14 2012, 11:24 AM
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Tue, Feb 14 2012, 11:17 AM
This
morning we had the Retail Sales figures. Shopping in Texas can be a different
experience (30 seconds).
Small
lenders can be assured that ...
Tue, Feb 14 2012, 11:15 AM
The Consumer Financial Protection Bureau
( CFPB ) has rolled out a prototype of a form for mortgage lenders to send to
borrowers during each billi...
Tue, Feb 14 2012, 10:56 AM
The American Bankers Association (ABA)
reacted negatively late Monday to a part of the President's FY 2013 Budget
which was released earlier in th...
Tue, Feb 14 2012, 10:30 AM
It's been a light day for new originations so far in MBS with current totals in Fannie/Freddie 30yr Fixed around 1/4 to 1/3 of their recent averages. ...
Tue, Feb 14 2012, 7:30 AM
Bond markets returned to something of a middle ground yesterday after recovering from a Greece-inspired risk-off trade . Last week's key event was t...
Tue, Feb 14 2012, 4:24 PM
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Tue, Feb 14 2012, 3:06 PM
Mortgages Rates are somewhat improved today after holding relatively steady to begin the week. In the underlying markets MBS (the "mortgage-backed-s...
Mon, Feb 13 2012, 12:42 PM
In a strongly worded statement on behalf of the American
Association of Mortgage Investors (AMI), Jonathan Lieberman, Managing Director
of Angelo,...
Mon, Feb 13 2012, 12:20 PM
MBS and Treasuries continue to trade at significantly improved levels from this morning. Bond markets put in their first major bounce shortly after ...
Mon, Feb 13 2012, 11:19 AM
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Mon, Feb 13 2012, 9:47 AM
Sometimes,
at 4AM PST, my cat disdainfully watches CNBC while I work on the finishing
touches in the daily commentary. Cats spend an inordinate amou...
Mon, Feb 13 2012, 8:01 AM
Bond markets begin the week in slightly worse territory than Friday's after Greek parliament voted to approve the austerity measures requisite for t...
Mon, Feb 13 2012, 5:14 PM
The Department of Housing and Urban
Development (HUD) unveiled its 2013 budget proposal today, asking Congress for
about $44 billion. The amount is...
Mon, Feb 13 2012, 4:24 PM
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Mon, Feb 13 2012, 3:03 PM
Mortgages Rates held steady over the weekend. In fact, rates were so steady that our measured averages on Friday were the same as today's reading...
Sat, Feb 11 2012, 2:34 PM
On the
heels of the State of the Union address, the
MBA has issued its annual State of the Mortgage Industry release, and the
assessment is g...
Fri, Feb 10 2012, 11:22 AM
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Fri, Feb 10 2012, 9:31 AM
"Fat,
drunk & stupid is no way to go through life son." One probably doesn't
hear that admonishment much in the halls of the Financial Crimes Enforc...
Fri, Feb 10 2012, 7:47 AM
How many times must we go through the same motions surrounding the
various bailout/solvency/reform issues in Greece? Granted, things are
just sli...
Fri, Feb 10 2012, 4:22 PM
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Fri, Feb 10 2012, 3:12 PM
Federal Reserve Bank Chairman Ben S.
Bernanke , speaking to the National Association of Home Builders, said that the
typical post-recession behavi...
