Mon, Jun 4 2012, 10:26 AM
I know
that some folks only read the first paragraph of this daily blather, and then
skip to the joke. That's why I am putting this in now: http://...
Mon, Jun 4 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
MBS faced challenges on both sides of the coin today, and all things considered, held their ground fairly...
Mon, Jun 4 2012, 2:40 PM
Mortgage Rates rose slightly to begin the week after hitting new all-time lows last Friday. Today's rates weren't much worse, and Best-Execution ...
Mon, Jun 4 2012, 1:06 PM
Five federal agencies, each of which has a supervisory responsibility vis-à-vis large financial institutions, have signed an agreement as to how their...
Sun, Jun 3 2012, 5:06 PM
This week's calendar is an almost perfect complement to Friday's mega rally on the weak Jobs report. As we said heading into Friday (read it here ),...
Fri, Jun 1 2012, 11:18 AM
Are politicians
always calm and collected and afraid to voice their opinion? Not necessarily - you
gotta check this out .
(You'd think those aroun...
Fri, Jun 1 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
All things considered, there really hasn't been too much of a knee jerk reaction to this morning's jo...
Fri, Jun 1 2012, 10:03 AM
The performance of FHA loans dominates the April Mortgage Monitor report released Thursday by Lender Processing Services (LPS). While GSE and private...
Fri, Jun 1 2012, 9:48 AM
Normally, the recap of the morning's economic data comes out in the MBS Mid-Day commentary shortly after 11am, and while most of the data below will ...
Fri, Jun 1 2012, 8:07 AM
If the two key considerations for bond markets these days are Europe and FOMC Policy, and if the first three days of the week favored one over the oth...
Fri, Jun 1 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
Today was the day we'd reserved for paying attention to domestic economic data in lieu of all the E...
Fri, Jun 1 2012, 2:51 PM
Mortgage Rates fell decidedly to new all-time lows today after a much weaker-than-expected Employment Situation Report. Because of today's moveme...
Fri, Jun 1 2012, 1:53 PM
The new version of HARP , the Home Affordable Refinance Program, appears to be gaining in popularity judging by the quarterly figures rolled out toda...
Fri, Jun 1 2012, 1:01 PM
Despite a slowdown in the public sector, construction spending managed to eke out an increase of 0.3 percent in April. According to data released t...
Fri, Jun 1 2012, 1:00 PM
Victims of discrimination on the part of SunTrust Mortgage will share in a $21 million settlement agreed to yesterday by the company and the Depar...
Thu, May 31 2012, 11:41 AM
MBS Live : MBS Morning Market Summary
Rather than stand out as one of those examples of "a major headline event causing a major, sudden shift" i...
Thu, May 31 2012, 11:16 AM
Interthinx, a provider of comprehensive risk mitigation solutions, has released its 12 th quarterly report and its Mortgage Fraud Index which measu...
Thu, May 31 2012, 10:22 AM
Sometimes I wish that I could use swear words in this commentary, but they wouldn't pass e-mail filters. But if I could, I'd use them here. Why is Co...
Thu, May 31 2012, 8:47 AM
Sales of distressed properties once again accounted for more than a quarter of all home sales during the first quarter of 2012. Twenty-six percent ...
Thu, May 31 2012, 4:51 PM
The Federal Housing Finance Agency (FHFA) announced a new office to implement its Strategic Plan for Fannie Mae and Freddie Mac Conservatorships and...
Thu, May 31 2012, 4:42 PM
There is a bit of a dust-up going on over passage of a Homeowner Bills of Rights in California . The Center for Responsible Lending ( CRL ) and the ...
Thu, May 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
In an earlier alert at 2:02pm, we postulated that the rest of the trading day may be some sort of ...
Thu, May 31 2012, 2:48 PM
Mortgage Rates improved again today as domestic economic data joined with ongoing fear of a European currency collapse to send US Treasury yields w...
Thu, May 31 2012, 1:58 PM
HOPE NOW is reporting that servicer-members of its alliance completed 43,000 mortgage loan modifications during the month of April, down 8 percent ...
Thu, May 31 2012, 1:49 PM
The Mortgage Insurance Companies of America (MICA), the association representing private mortgage insurers, said today that its members companies ha...
Wed, May 30 2012, 11:26 AM
MBS Live: MBS Morning Market Summary MBS and, to a greater extent, Treasuries have been off to the races this morning where the latter is currently t...
Wed, May 30 2012, 11:21 PM
Wednesday was quite a day for bond markets--a record-setting day on many fronts. While we can appreciate that there are some claims that 10yr Yields ...
Wed, May 30 2012, 11:13 AM
Only slightly more than a year after joining the Mortgage Bankers Association as its President and CEO, David Stevens will leave to become Presiden...
Wed, May 30 2012, 11:09 AM
Hey, not
every prediction about the future is right, right? In my visits around the
nation to different companies and mortgage banking groups, I con...
Wed, May 30 2012, 10:45 AM
CoreLogic is reporting that foreclosures last month totaled 66,000, down 12,000 or 15.4 percent from April 2011 but unchanged from March 2012. The...
Wed, May 30 2012, 10:18 AM
Pending home sales fell in April, breaking a three month streak of gains according to the National Association of Realtors® (NAR). The Association's...
Wed, May 30 2012, 8:43 AM
Despite another round of new interest rate lows the volume of mortgage applications decreased slightly during the pre-holiday week ended May 25. Th...
Wed, May 30 2012, 6:28 AM
Today's calendar of US economic data is the lightest of the week with Pending Home Sales the only monthly report. Other items dot the calendar, such ...
Wed, May 30 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
While "record levels" for MBS have been a relatively common occurrence in the past month as Fannie ...
Wed, May 30 2012, 3:17 PM
Mortgage Rates improved only slightly today despite an aggressive interest rate drop in the broader bond markets. Lenders' rate sheet offerings ar...
Tue, May 29 2012, 11:50 AM
Three measures of home prices issued monthly by S&P/Cash-Shiller declined yet again in March. The data released today showed that the national co...
Tue, May 29 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
It's been a relatively quiet and uneventful morning for bond markets so far. Rather than chase rall...
Tue, May 29 2012, 10:01 AM
Fannie and
Freddie aren't the only companies involved in residential mortgage lending to
be seized by the government. Here's a taste of the situati...
Tue, May 29 2012, 4:21 PM
MBS L ive : MBS Afternoon Market Summary
MBS prices fell fairly steadily into and after the 2pm hour, eventually bottoming out just below curr...
Tue, May 29 2012, 3:09 PM
Mortgage Rates began the week roughly unchanged to slightly higher, keeping them near all-time lows. This also means that the Best-Execution rat...
Mon, May 28 2012, 8:42 PM
As US markets were closed for Monday's Memorial Day Holiday, there was little fanfare out of European markets, even if there is a growing sense that S...
Fri, May 25 2012, 12:47 PM
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately LOWER today after moving HIGHER yesterday. Rates mov...
Fri, May 25 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
Bond markets made a quick head fake in a weaker direction following the better-than-expected Consumer...
Fri, May 25 2012, 11:11 AM
The Federal Reserve Board released a number of documents Thursday afternoon related to enforcement actions against several major mortgage servicers. ...
Fri, May 25 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
There's little to report outside the two words in the title. Today truly was an "uneventful session." ...
Thu, May 24 2012, 12:55 PM
The Mortgage Bankers Association ( MBA ) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipa...
Thu, May 24 2012, 11:51 AM
As part of its semi-annual report to Congress , the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) included a section ...
Thu, May 24 2012, 11:41 AM
(There
aren't many folks in the world who, on their death bed, would exclaim, "I
wish I had another day of work!" With that in mind, I am biking aro...
Thu, May 24 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
There's not really much to today's weakness. It's moderate, it's steady, and it began yesterday. After hi...
Thu, May 24 2012, 11:10 PM
Yesterday morning, we suggested that markets might do something "sneaky" and make some sort of moderate movement seemingly tied to economic data when ...
