Tue, May 8 2012, 10:11 AM
Bank of America is taking the first steps toward fulfilling its obligations under the settlement agreement reached several months again among servic...
Tue, May 8 2012, 9:26 AM
One never
knows what is going to happen next here at the MBA's National Secondary. One
minute you're meeting with a team of smart investment bankers...
Tue, May 8 2012, 9:18 AM
Mortgage Bankers Association (MBA) President and CEO David H. Stevens, speaking at the Association's 2012 National Secondary Market Conference & Expo,...
Tue, May 8 2012, 8:40 AM
Diligent readers of this commentary might ask themselves: "I wonder if those guys know how much FLAT, DEAD, BORING, and SIDEWAYS has been in the comme...
Tue, May 8 2012, 5:00 PM
Secretary of Housing and Urban Development Shawn Donovan testified before a hearing of the Senate Committee on Banking, Housing, and Urban Affairs o...
Tue, May 8 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
In the intermediate term (about a month, perhaps), MBS have been utterly and completely outperforme...
Tue, May 8 2012, 3:25 PM
Mortgages rates were able to scrape together some minor improvements today but continue to have an exceedingly tough time keeping pace with the res...
Mon, May 7 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Without anything else on the calendar and the more significant European-election-inspired convulsions...
Mon, May 7 2012, 11:18 AM
Total loan modifications for the first quarter of 2012 fell 31% from the same quarter in 2011 to 207k, though serious delinquencies fell by 7% accordi...
Mon, May 7 2012, 10:15 AM
Here in
the borough of Manhattan, the MBA's National Secondary conference continues. It
is indeed well attended, and as I mentioned yesterday the c...
Mon, May 7 2012, 9:57 AM
Fannie Mae today released its National Housing Survey for the month of April. Respondents were slightly more optimistic about the direction of home p...
Mon, May 7 2012, 6:53 AM
Here in the
borough of Manhattan the 1.6 million residents are abuzz with the thought of
the MBA's National Secondary conference
being in town. L...
Mon, May 7 2012, 4:19 PM
The Government Accountability Office (GAO) said Monday that it now looks as though the Treasury Department could recoup the total value of the assista...
Mon, May 7 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Monday turned out to be a non-starter as MBS and Treasuries spent another day doing their favorite activi...
Mon, May 7 2012, 2:54 PM
Mortgages rates continue to operate at their best levels since early February following Friday's weaker-than-expected Employment Situation report. ...
Mon, May 7 2012, 1:41 PM
Members of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises were told details Monday of the Federal H...
Mon, May 7 2012, 1:33 PM
The number of housing markets on included in the National Association of Home Builders/First American Improving Markets Index was essentially unchan...
Sun, May 6 2012, 6:27 PM
This week's data calendar is exceptionally light with the exception of Fed speakers and a round of Treasury Auctions. The Fed-speak could prove somew...
Fri, May 4 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
All the vital details are pretty much covered in the updates and featured comments below. NFP came in weak...
Fri, May 4 2012, 10:56 AM
A paper just published by The Federal Reserve Bank of Boston is bound to generate a lot of comment both inside and outside of the mortgage industry....
Fri, May 4 2012, 10:30 AM
Tomorrow
is Cinco de Mayo, hence the real-life, true, yes, really true, well kind of
true tale at the end of the commentary . Anyway, tomorrow cele...
Fri, May 4 2012, 7:24 AM
The extent to which bond markets have been able to maintain a narrow range since the previous INFP has been nothing short of impressive. Certainly, n...
Fri, May 4 2012, 6:02 PM
The Administration's Housing Scorecard for April claims progress on both home sales and mortgage delinquencies "but continued fragility overall." D...
Fri, May 4 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Hitting all time highs in production MBS never felt so uneventful... In fact, it almost felt like ...
Fri, May 4 2012, 3:44 PM
Mortgages rates are at their best levels since early February following today's weaker-than-expected Employment Situation report. The improvement ...
Thu, May 3 2012, 11:20 AM
What is
33.9%? According to Inside Mortgage Finance it's Wells Fargo's market share
of the mortgage business for the 1st quarter, the most ever fo...
Thu, May 3 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
The day started off with a reasonably challenging tone for bond markets. Even now, 10yr yields are u...
Thu, May 3 2012, 9:31 AM
Freddie Mac has reported net income for the first quarter of 2012 of $577 million and comprehensive income of $1.79 billion. The financial report, re...
Thu, May 3 2012, 7:54 AM
Wednesday began in slightly better territory right from the outset as the European debt helped US Treasuries kick off the session with about half of T...
Thu, May 3 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
This morning LOOKED like it might buck the trend and actually provide some semblance of directional...
Thu, May 3 2012, 3:16 PM
Mortgages rates are unchanged to slightly higher today. The change is so minimal that for all intents and purposes, you might as well consider rat...
Wed, May 2 2012, 12:19 PM
A veteran
banker once told me, "I've never seen a luggage rack on a hearse."
Many "experts," perhaps wishing to make a name for themselves, called
...
Wed, May 2 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
The headline above is carefully chosen. At first blush, we might consider this morning's stronger bo...
Wed, May 2 2012, 9:42 AM
The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey reported this morning that applications for home purchase mortgages inc...
Wed, May 2 2012, 7:40 AM
Market response to ADP's report on private payrolls is about as "hit or miss" as its short term correlation with NFP private payrolls component. Inte...
Wed, May 2 2012, 4:44 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, May 2 2012, 3:13 PM
Mortgages rates are unchanged to slightly lower today, after shying away from multi-month lows yesterday. A weaker than expected employment report ...
Wed, May 2 2012, 2:25 PM
The March Mortgage Monitor Report from Lender Processing Services (LPS) showed a slight uptick in several measures of foreclosure activity , but over...
Wed, May 2 2012, 2:12 PM
At current near-record levels of consumer mortgage rates, and with MBS prices grinding higher, a natural question is whether rates are poised to p...
Tue, May 1 2012, 11:32 AM
A police
recruit was asked during the exam, "What would you do if you had to arrest
your own mother?" He answered, "Call for backup."
The SEC ...
Tue, May 1 2012, 11:13 AM
Most measures of foreclosure activity in March remained at February levels but showed significant improvement from one year earlier according to t...
Tue, May 1 2012, 11:08 AM
MBS Live : MBS Morning Market Summary
Following yesterday's weaker-than-expected Chicago PMI report, markets were geared up for a similar...
Tue, May 1 2012, 9:30 AM
Another top executive at Freddie Mac has announced his intention to leave the company. Anthony Renzi , the company's executive vice president of Si...
Tue, May 1 2012, 8:05 AM
Mortgage Guaranty Insurance Corporation (MGIC) has settled a suit with the Department of Justice arising out of a claim that it discriminated against...
Tue, May 1 2012, 7:28 AM
Other than the sheer lack of volume/participation, Monday's most notable feature turned out to be Chicago's ISM numbers. The drop from 62.2 last mont...
Tue, May 1 2012, 4:55 PM
Two Democratic members of the House Committee on Oversight and Government Reform fired another salvo in their continuing battle with Federal Housing F...
Tue, May 1 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
The closer and closer we get to 5pm, the more it seems that this morning's ISM-inspired sell-off wi...
Tue, May 1 2012, 2:53 PM
Just before reaching fresh multi-month lows, Mortgages Rates rose slightly today after a stronger than expected read on the manufacturing sector....
Mon, Apr 30 2012, 12:49 PM
The RPX Monthly Housing Market Report says that both home sales and home prices increased strongly in the month ended February 16. The RPX Composite ...
Mon, Apr 30 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
Despite a much weaker-than-expected Chicago PMI, bond markets have generally been content trading in ...
