Tue, Jan 10 2012, 10:10 AM
Last
weekend I took my daughter, who is taking some fancy economics class in high
school, with me to the used record store. I had eighty three 45 RP...
Tue, Jan 10 2012, 10:05 AM
The Consumer Financial Protection Bureau
(CFPB) is now accepting mortgage complaints from consumers who have experienced
problems across the spectru...
Tue, Jan 10 2012, 8:14 AM
A general uptick in "risk-on" trading prevailed overnight. Volume remains somewhat subdued versus the healthier days from the end of last week, but i...
Tue, Jan 10 2012, 5:47 PM
The President and Chief Executive Officer of Fannie Mae, Michael J. Williams has announced his intention to resign. Williams, who has held the dual...
Tue, Jan 10 2012, 4:23 PM
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Tue, Jan 10 2012, 3:12 PM
Mortgage Rates finally experienced their first noticeable move higher in 2012, although it should be noted that "noticeable" doesn't necessarily mean...
Mon, Jan 9 2012, 11:40 AM
The list of housing markets demonstrating
improvement on a trio of housing-related measures took a big jump in January,
rising to 76 cities from 4...
Mon, Jan 9 2012, 11:30 AM
Federal Reserve Board Governor Sarah
Bloom Raskin told a law school group on Friday that the judicial morass arising
out of the mortgage crisis , ...
Mon, Jan 9 2012, 11:15 AM
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Mon, Jan 9 2012, 11:10 AM
Throughout late 2011, Fannie 3.0's truly took on a role as "it that shall not be named" in the Live Chat window on MBS Live! Indeed, at almost no poin...
Mon, Jan 9 2012, 9:41 AM
The IRS
said that taxpayers will have until April 17 to file their 2011 returns, thanks
to two quirks of the calendar this year: April 15 falls on a...
Mon, Jan 9 2012, 9:36 AM
Freddie Mac gave unemployed homeowners who
are struggling to pay mortgages owned or guaranteed by the company a break on
Friday when it eased its t...
Mon, Jan 9 2012, 8:09 AM
The week promises to be a relatively busy one, even if it's being kicked off with a quiet overnight session. Japan was out on Holiday and with little...
Mon, Jan 9 2012, 4:15 PM
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Mon, Jan 9 2012, 3:32 PM
The Departments of Treasury and Housing
and Urban Development have released their joint December 2011 Housing
Scorecard . The report is essentiall...
Mon, Jan 9 2012, 2:55 PM
Mortgage Rates
continued a trend of slight, incremental improvements today, meaning that--on average--it's another record setting day. As has been ...
Mon, Jan 9 2012, 1:32 PM
Americans are feeling better about the economy
according to results from Fannie Mae's December Housing Survey released by the
company this morning...
Fri, Jan 6 2012, 11:24 AM
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Fri, Jan 6 2012, 10:58 AM
Latest alert from MBS Live:
Bond Markets In Rally Mode Following NFP, Testing Techs, Possible Reprices 10:46 AM
MBS and Treasuries both enco...
Fri, Jan 6 2012, 9:48 AM
"I would
be moody too if I was standard and poor." I don't know how old that pun is, but
many in the industry continue to wait for the rating agenci...
Fri, Jan 6 2012, 8:51 AM
The Mortgage Bankers Association
released a response late Thursday to a
white paper submitted to Congress the previous day by the Federal Reserve....
Fri, Jan 6 2012, 8:16 AM
It was a quiet overnight session with little data of importance and strikingly low volume when juxtaposed with yesterday's strong showing. This would...
Fri, Jan 6 2012, 5:58 PM
The latest Mortgage Monitor report released by Lender Processing Services, Inc.
(LPS) presents the kind of mixed message that is now commonplace amon...
Fri, Jan 6 2012, 4:24 PM
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Fri, Jan 6 2012, 3:40 PM
Mortgage Rates
are simply on a tear... New records were set yesterday and again today--granted, by only small margins each time and only with respe...
Fri, Jan 6 2012, 3:10 PM
What a day! A better-than-expected Non-Farm-Payrolls print giving way to a bond market rally with MBS at their highest levels in over 3 months--who'd...
Fri, Jan 6 2012, 1:37 PM
In remarks prepared for delivery to the
New Jersey Bankers Association Economic Forum on Friday, Federal Reserve Bank
of New York President and Chi...
Thu, Jan 5 2012, 11:44 AM
There sure
is a lot going on for a holiday-shortened week. First off, the Fed sent Congress a little missive on how to fix the housing and
mortgage...
Thu, Jan 5 2012, 11:24 AM
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Thu, Jan 5 2012, 8:41 AM
The overnight session was fairly lackluster although volume clearly continues to build into the new year. 10yr yields traded a range inside the highs ...
Thu, Jan 5 2012, 4:24 PM
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Thu, Jan 5 2012, 4:07 PM
Mortgage Rates
continue to demonstrate an uncanny stability at all-time-lows. As far as the actual rates being quoted, nothing has changed. Best-E...
Thu, Jan 5 2012, 4:06 PM
Holes are being filled in the story of the controversial appointment of Rich Cordray as director of the new Consumer Financial Protection Bureau (CFPB...
Thu, Jan 5 2012, 1:41 PM
The ADP Employment figures that come out each month, 2 days before The Employment Situation Report (1 day before this month due to the shortened week)...
Wed, Jan 4 2012, 11:24 AM
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Wed, Jan 4 2012, 11:09 AM
The Office of Comptroller of the
Currency (OCC) is rolling out its first public service announcements to alert
consumers about the Independent Fore...
Wed, Jan 4 2012, 10:27 AM
As part of the temporary resolution to the recent battle over the Tax Cut Extension that took place in the last weeks of December, Congress decided ...
Wed, Jan 4 2012, 10:17 AM
Any ship
can be a minesweeper - once. But not "once in a while." This note
reached me: "Rob, every once in a while you'll mention 'AOT' like everyon...
Wed, Jan 4 2012, 9:48 AM
The Mortgage Bankers Association
released an abbreviated report Wednesday on mortgage activity over the two week
Christmas and New Year's holiday ...
Wed, Jan 4 2012, 8:24 AM
The day kicks off on positive note for bond markets which have held their gains at the start of the New York session. This follows on the heels of a ...
Wed, Jan 4 2012, 5:41 PM
In a letter to the chairs and ranking members of the
Senate Banking and House Financial Services Committees on Wednesday, Federal Reserve
Chairman B...
Wed, Jan 4 2012, 4:29 PM
Mortgage Rates
continue to operate at the same Best-Execution levels with only minor variations in borrowing costs between lenders on any given day....
Wed, Jan 4 2012, 4:24 PM
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Wed, Jan 4 2012, 3:46 PM
Although it's not unheard of for a lender to show up late to a "reprice-for-the-worse" party after MBS prices are noticeably bouncing back, the risks ...
Tue, Jan 3 2012, 12:15 PM
As expected, volume has been significantly better than in recent holiday weeks, although still nowhere near early December norms. MBS and Treasuries ...
Tue, Jan 3 2012, 11:58 AM
The
major private mortgage insurers wrote 25,074 new policies in November against
27,970 applications received for coverage.
According to the mont...
Tue, Jan 3 2012, 11:19 AM
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Tue, Jan 3 2012, 11:10 AM
The U.S.
Census Bureau projected the Jan. 1, 2012, total United States population at
312,780,968. This would represent an increase of 2,250,129, or ...
Tue, Jan 3 2012, 10:07 AM
Although yesterday was a Federal holiday and we should have all had the day off, the number of residential lender, investor, and MI
updates in the ...
Tue, Jan 3 2012, 8:28 AM
Although we begin another week with only four trading days, the week
ahead is a different breed than the last few of December, which for the
most ...
