Fri, Apr 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
How many "wow's" can 1 month hold? In less than 30 day's, we've seen MBS drop abruptly to 4 month lo...
Fri, Apr 6 2012, 10:24 AM
Happy Good
Friday to everyone! Corruption is the stuff of Tammany Hall and Tea Pot Dome,
right? Wrong. (Look 'em up, youngsters.) There is still co...
Fri, Apr 6 2012, 9:59 AM
A Federal Reserve statement issued yesterday reminds federally regulated banks that they are permitted to rent properties in their owned real estate ...
Fri, Apr 6 2012, 4:43 PM
The Departments of Housing and Urban Development (HUD) and Treasury released the February edition of the Obama Administration's Housing Scorecard on...
Fri, Apr 6 2012, 2:53 PM
Charges were brought against two former bank executives Thursday for their involvement in a fraudulent scheme to conceal their bank's deteriorating ...
Fri, Apr 6 2012, 2:19 PM
As if there weren't already enough housing policy issues to worry about, the Center for Housing Policy points to yet another challenge on the horizon...
Fri, Apr 6 2012, 1:19 PM
Mortgages Rates moved convincingly lower today following a weaker-than-expected Jobs report . Combined with yesterday's gains, most lenders are a...
Thu, Apr 5 2012, 11:59 AM
The National Association of Home Builders/First American Improving Markets Index (IMI) grew by two metropolitan areas (MAs) in April. Thirteen new ...
Thu, Apr 5 2012, 11:55 AM
The American Bankers Associations (ABA) composite index of delinquencies in 11 loan categories fell 10 basis points in the fourth quarter of 2011 an...
Thu, Apr 5 2012, 11:55 PM
Today's NFP has been looking less and less exciting over the past two days as bond markets have put in back to back winning sessions, both of them i...
Thu, Apr 5 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
The bulk of today's 'excitement,' if you can call it that, was really seen during the overnight hours...
Thu, Apr 5 2012, 10:50 AM
Despite increased volume and lower expenses, mortgage bankers saw a substantial decline in profit margins during the fourth quarter of 2011 according ...
Thu, Apr 5 2012, 10:43 AM
While home prices are still falling, Clear Capital is predicting that the country will finally see a turn-around this year and a modest increase by ...
Thu, Apr 5 2012, 9:54 AM
In
yesterday's commentary, the information about ING should be clarified . Specifically, Capital One did recently
close on its purchase of the U....
Thu, Apr 5 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Today's trading levels couldn't have been more boring after the relative excitement of waking up to sl...
Thu, Apr 5 2012, 3:25 PM
Mortgages Rates experienced some solid gains today given the relatively uneventful trading in the bond markets that influence them . This goes a l...
Wed, Apr 4 2012, 12:02 PM
Prices are still falling, but the pace of the decline continues to slow according to the February Home Price Index (HPI) report released today by Co...
Wed, Apr 4 2012, 11:54 PM
In yesterday's morning post, we noted that the ADP data would have to confirm further bearishness in order for Tuesday's lows to get a test of weaker ...
Wed, Apr 4 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
Bond markets continue to trade in better territory than yesterday's weakest levels. Most of the impr...
Wed, Apr 4 2012, 10:37 AM
A new monthly report on the state of the mortgage origination market has been initiated by Ellie Mae, a company which provides software and a mort...
Wed, Apr 4 2012, 10:25 AM
This
morning presented a real quandary for me: lead off with yet another investor
baling and sailing, discuss the umpteenth rumor that Wells Fargo i...
Wed, Apr 4 2012, 9:17 AM
A Minnesota attorney has been sanctioned by a U.S. District Court for filing what the court called " frivolous show-me-the-note actions " challengin...
Wed, Apr 4 2012, 9:00 AM
After declining steadily for six straight weeks, applications for mortgage refinancing reversed direction and drove the Mortgage Bankers Association...
Wed, Apr 4 2012, 8:02 AM
MBS went cliff-diving on Tuesday following the release of the FOMC Minutes from the 3/13/11 meeting. Interesting that it was the 3/13/11 meeting th...
Wed, Apr 4 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
MBS and Treasuries have both been eerily quiet today when viewed against the backdrop of yesterday'...
Wed, Apr 4 2012, 2:46 PM
Acting Federal Housing Finance Agency Director Edward J. DeMarco spoke to the Boston Security Analysts Society on Wednesday, in part defending his ...
Wed, Apr 4 2012, 2:26 PM
Mortgages Rates improved only moderately today despite a stronger bounce back in underlying bond markets. The Best-Execution Conventional 30y...
Tue, Apr 3 2012, 12:56 PM
Morgan Stanley is the latest large servicing operation to be sanctioned , this time by the Federal Reserve. The Fed announced this morning that it ...
Tue, Apr 3 2012, 12:51 PM
After a sharp increase in January, foreclosure starts and sales have reverse direction and resumed the steady decline they began in mid-fall. The F...
Tue, Apr 3 2012, 11:15 AM
MBS L ive : MBS Morning Market Summary
The market is doing relatively nothing to hide the fact that it's holding its breath ahead of today...
Tue, Apr 3 2012, 10:00 AM
Things are
decent in the mortgage insurance biz :
MI companies wrote $5.4 billion in new pools of risk in February. Mortgage
Insurance Companies...
Tue, Apr 3 2012, 9:25 AM
GFI Mortgage Bankers Inc., a mortgage banker with operations in seven states, is being sued by the federal government for violations of fair housing ...
Tue, Apr 3 2012, 7:54 AM
Bond markets continued to tiptoe around the task of hinting at any forceful commitment in one direction or another yesterday, and clues were in shor...
Tue, Apr 3 2012, 5:01 PM
Mortgages Rates got crushed today, relatively speaking. It's ironic that we noted yesterday's rates as getting close to 3/13's levels because tod...
Tue, Apr 3 2012, 4:29 PM
MBS Live : MBS Afternoon Market Summary
MBS have sold off mightily in the wake of today's FOMC minutes. The many alerts do a good job of recap...
Tue, Apr 3 2012, 2:51 PM
A recent survey of risk managers and other banking executives conducted by FICO indicates there is increasing optimism in the industry about the e...
Mon, Apr 2 2012, 12:46 AM
Bond markets coasted into Friday afternoon in eerily stable fashion, and seemed set to head out for the weekend in significantly better territory than...
Mon, Apr 2 2012, 12:30 PM
Besides wind surfers, sailors, wind farmers, and odd people who chase tornadoes, there aren't many people who like the wind. But this map of wind in t...
Mon, Apr 2 2012, 3:39 PM
Acting in response to questions from mortgage originators and companies, the Consumer Finance Protection Bureau (CFPB) has issued a clarification on i...
Mon, Apr 2 2012, 2:23 PM
After moving higher on Friday afternoon, Mortgages Rates eased back down to Thursday's levels, leaving them in slightly better shape than most of...
Mon, Apr 2 2012, 2:03 PM
Mortgage Insurance Companies of America ( MICA ), the trade group representing private mortgage insurance companies, reported Monday that its member...
Mon, Apr 2 2012, 1:34 PM
Construction spending during February was at a seasonally adjusted annual rate of $808.9 billion, 1.1 percent below the revised January estimate of $...
Sun, Apr 1 2012, 12:20 PM
The NMLS turned some heads late last week
with its latest press release. "At NMLS, We are doing our part to help the
mortgage industry! We enhance...
Fri, Mar 30 2012, 12:25 AM
For bond markets, yesterday was essentially a reassertion of Wednesday's strongest levels. Well, maybe it was also a failed attempt to confirm a brea...
Fri, Mar 30 2012, 12:20 PM
Real estate agents appear to be playing a significant role in determining who writes their customers' mortgages. The results of a new study, Key F...
Fri, Mar 30 2012, 12:00 PM
The
Federal Reserve Bank of Dallas recently published an essay titled Choosing the Road to Prosperity:
Why We Must End Too Big to Fail - Now" w...
Fri, Mar 30 2012, 11:34 AM
The day has been woefully uneventful so far, at least with respect to what it might have been... Rather than get any sort of meaningful "vote" from m...
Fri, Mar 30 2012, 10:29 AM
My interest was recently piqued by a report in National Mortgage News entitled “Confidential Report: Jumbo Conduits Folding.” The report stated t...
Fri, Mar 30 2012, 9:41 AM
What is
more fun to talk about, the latest CFPB power grab, an investor changing its
appraisal review process, or the 42-state Mega Millions lottery...
Fri, Mar 30 2012, 4:12 PM
MBS Live : MBS RECAP
Things could have gone either way into this month-end/quarter-end trading day, either running out of steam at recent highs ...
